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: Together launch 2 year fixed rate residential mortgage; Special Purpose Vehicles (SPV) fact sheet from Precise Mortgages; Exclusive solutions for homebuilding clients from Build [...]
Recent research by specialist lender, Pepper Money has found that nearly half of their brokers earned more for specialist cases in 2017 compared to mainstream cases. The research, which was conducted in the first quarter of 2018, into the growing specialist market included 12 in-depth broker interviews and a larger broker survey. The study found [...]
Under transitional arrangements, the rental cover we can offer is: 125% minimum rental cover at 5.00% affordability rate or 4.50% affordability rate for 5 year fixed rates Here's our criteria for transitional arrangements: The new BTL remortgage application must not be capital raising The BTL property must have been purchased before 1 January 2017 [...]
Do you have clients who are struggling to kick-start their next development project? Have you really exhausted all options to help them? If you haven't, it may be time to meet your new property developer toolkit: Development Finance Can be used for anything from renovating a single residential unit to constructing new build [...]
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 second property. For more information, please speak [...]
Why we don't see age as a barrier... We've got a few years of experience under our belt when it comes to mortgages (158 in total) and 4 when it comes to specialising in Older Borrower mortgages. We maintain, "you're only as old as you feel!" which is why we have such a competitive [...]
Vida has revamped its Fee Saver residential mortgage range. Properties up to £500,000 now qualify for a free valuation and a significantly reduced £49 assessment fee. There are no product fees and standard legals are free on remortgages across the entire Fee Saver range. Vida has also introduced a 1% fee (minimum £495) for BTL [...]
We are REDUCING the interest rates on the following products: Premier Flexible Flexible and Optional Payment (all options) Flexible Plus and Optional Payment (all options) The interest rates on Flexible Max and Optional Payment Max and Flexible Max Plus and Optional Payment Max Plus (all options) remain unchanged.
Paragon has launched portfolio mortgages for buy-to-let landlords in Scotland. The portfolio range can be used to finance single self-contained units (SSC), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), with products are available for purchase as well as remortgage in the applicants personal names or through a limited company / limited liability partnerships. [...]
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