To use overtime as primary income (100%), amounts must be regular and consistent and not a short-term trend. We’ll use the lowest monthly payment from the last three months’ payslips x 12* If there is a significant difference in the amounts shown on the payslips and the year to date figure, please give an [...]

We have updated a number of rates from our range of residential mortgage products. We’ve made reductions across our first-time buyer range; Higher LTV bands for remortgage and purchase rates will see small decreases; Lower LTV bands for remortgage and purchase rates will see small increases. You can see our new rate table with all [...]

First Time Buyer, Older Borrowers  & Buy to Let We've made some changes to our product portfolios effective this week and live on sourcing and our website. Residential  Extended end dates for First Time Buyers 95% LTV rates from 2.89% 2 and 3 year fixed rates available Older Borrowers  Extended end dates for Older [...]

What’s Changing? The following residential products are being withdrawn from sale today: 2 year fixed to 75% LTV (Fee Offer) – 1.79% 2 year fixed to 80% LTV (Fee Offer) – 1.89% Product Transfers Remember, these changes also apply to any Product Transfer applications you would like to submit via our online form. Existing [...]

The quest by landlords for increased profitability within their portfolios is not going away; in fact as a series of regulatory and political measures have hit the ability of those properties to make a profit, it’s not surprising that professional landlords in particular are seeking more bang for their buck. That has led to far [...]

Are you looking for ways to generate more business? The obvious, simple solution may be right in front of you… Many of your clients may need to raise additional funds but are locked into: Interest-only mortgages Mortgages with high ERCs Low interest rate mortgages which they would likely have to forfeit for higher rates if [...]

Leek United has doubled the offer period on its mortgages from three months to six months*. The increase – which came into effect this month (June) – gives homebuyers the reassurance of additional time to get their purchases ‘over the line’. Clare Beardmore, the Society’s Head of Mortgage Sales, said: “We listen carefully to all [...]

Hanley Intermediaries is pleased to confirm our new residential product MDS173: 1.85% 5 Year Discount (50% LTV, Capital & Repayment or Interest Only) If you have any queries or I can be of any assistance, please don’t hesitate to get in touch. View product overview

his week we are pleased to announce that we have made significant changes to our residential proposition – namely the expansion of our near-prime product offering. Our Business Development Manager, Matthew Butt and Broker Liaison Manager, Alan Grossmith explain how the new expanded offering could help a client in difficult circumstances. View the short scenario videos below: [...]

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: Enterprise Finance want you to get more from your existing client bank; Pepper Money introduces day rate contractor calculations; Santander explain how they [...]