Millennials get a bad rap. They’re self-obsessed selfie-lovers. They eat too much avocado. They think man-buns are cool. There’s an endless number of stereotypes levelled at 20-36 year-olds, yet if there’s one that that does ring true it’s that a large number of them are struggling to get onto the property ladder. They do love a good avocado [...]

As part of their Fresh Criteria, Pepper Money has enhanced its criteria for self-employed borrowers. To assess affordability of self-employed applicants, Pepper Money will now use the latest year’s figures rather than an average of the last two. This move will benefit business owners, entrepreneurs and sole traders who have seen their income increase in [...]

We’ve increased the maximum loan amount and LTVs for residential non-new build flats and made some changes to the way you and your clients pay fees. Residential non-new build flats Maximum LTV Loan amount What's changed? 95% Up to and including £380,000 Previously the maximum loan amount was up to and including £350,000: 90% Over [...]

Precise are delighted to confirm their maximum LTV has increased to 75% for Regulated and Non-regulated Light Refurbishment and Standard Bridging Finance. We’re sure you’ll agree this is great news and will allow us to help even more customers. To help complement this change please find an updated product and criteria guide here. [...]

We are pleased to announce the release of the eighth edition of Kent Reliance’s Buy to Let Britain report. This is a detailed analysis of the key trends in the private rented sector (PRS) and the Buy to Let mortgage market. The report examines how PRS growth has slowed following government intervention and economic uncertainty, how returns [...]

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: L&G home finance announce product changes (equity release only); Santander announce important lending policy & service changes; Chorley enters 95% LTV New Build market; [...]

We are pleased to share details of a series of new limited edition BTL products that are now available. Product summary: 49% 5-yr fixed with 1.5% fee, minimum £300k loan size; 3.59% 5-yr fixed with 1% fee, minimum £300k loan size; Both products are available for Personal Ownership, HMO, Limited Company HMO and Limited Company. [...]

As part of their Fresh Criteria, Pepper Money has launched a better deal for the growing population of contract workers, with the introduction of day rate calculations to assess affordability. Between 2008 and 2017, the number of solo self-employed increased by 34%, according to IPSE, an association of independent professionals and the self-employed. Much of [...]

Please see product updates below. Closing products 8pm Monday 25th June 2018 Residential and offset Up to 65% LTV (no change) Over 65% LTV (no change) Buy to let Up to 65% LTV Over 65% LTV Opening [...]

Crystal Specialist Finance (CSF) and Amicus have secured deals totalling over £9.1m to ensure the successful purchase and development of a largescale residential project for an established property developer. Initially a £3m bridge was agreed to ensure a successful acquisition of the Grade II listed building, despite a pending planning application decision which was ultimately [...]