On Monday 13th August Halifax are making the following changes to the product range Withdrawal of 5 year 0-80% LTV FTB and 5 year 0-75% LTV HMV End and Complete by dates extended by three months on all REM products Withdrawn Products from close of business 11th August 2018: Homemover: FAV892 and FAV893 First Time [...]
Pepper Money has launched a Residential and Buy to Let Zero Completion Fee Limited Edition for clients who haven’t had a CCJ or default in the last 36 or 48 months. The Residential Limited Edition is available up to 85% LTV, with 2 year fixed rates from 2.88%, and 5 year fixed rates from 3.53%. [...]
According to recent studies, existing homeowners are moving less frequently than they used to. With the cost of moving now more expensive than in the past, 48% of homeowners in the UK have plans to spend money on home improvements projects in the coming months – more than those heading away for a summer holiday. [...]
Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: Halifax announce rate changes; Clydesdale announce online application improvements; Nationwide make changes to select variable rate mortgages; Marsden update acceptable currencies for expats. [...]
Virgin Money offer 95% LTV for remortgages Virgin Money have launched a new range of 95% remortgage products which come with free valuations and standard legal work, as well as being fee-free. Only same balance transfers are accepted above 90%, and don’t forget their maximum LTV of 85% still applies if your customer owns a [...]
With around 15% of the British workforce now classified as self employed (source ONS 2017) the contractor market is an important part of the lending mix. Contractors often find the process of getting a mortgage complex, with some lenders shying away from this type of lending. Buckinghamshire Building Society has long been committed to supporting [...]
How do you know if your client is in a Debt Management Plan? Personal debt in the UK increased to £1.5839 trillion by the end of April 2018 compared to £1.535 trillion during the same period in 2017, according to The Money Charity. Furthermore, research by debt charity and Debt Management Plan (DMP) provider, StepChange, [...]
5 Star Pure Max Range with Fee Contributions and Cashback options Pure Max DD Range MER AER Arr Fee Fee Package Cash back Minimumn Loan Pure Max Lite DD1 6.12% 6.29% 0 1,400 0 45k Pure Max Lite DD2 5.88% 6.04% 895 600 0 10k Pure Max Lite DD3 - Loans under / over [...]
Borrowers taking their mortgage into retirement, only 51% have set plans for repaying their mortgage, so what about the other half?... Over half of borrowers over the age of 50 have plans to repay their mortgage after 65 which leaves just under 1.2million houses needing a later life solution, how can we as lenders support you [...]
As landlords seek more bang for their property ‘buck’ we are seeing a growing interest in not just higher-yielding HMO properties but also those we would define as multi-unit blocks (MUB). For Fleet Mortgages, an MUB is defined as a property split into three, up to a maximum of 10, self-contained units on a single [...]
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