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 [...]
The 55+ Retirement Interest Only Mortgage The UK's first residential 'no end date' mortgage for over 55's from a company dedicated to later life lending since 1965. What is it: A residential interest only mortgage for over 55’s with no end date or term, which means it will take a borrower through to the end [...]
Clients borrowing into later life? New options from Ipswich Building Society. Since the implementation of the Mortgage Market Review (MMR) in 2014, borrowers in their mid-forties and above found they had a reduced choice of mortgage products in the UK. This, coupled with updates to state pension and retirement laws, has significantly changed the [...]
Principality Building Society has appointed Julia Debattista as New Build Business Development Manager in support of their commitment to the new build sector. Julia joined the Society as a Senior Underwriter in 2015 and joined the Intermediary Sales Team as a desk-based business development manager, where she has developed a passion for the new build [...]
A Case Study we thought you may find interesting Guaranteed pension income helping borrowers to build a much needed extension... We received a joint application for a £75,000 loan on residential remortgage at a relatively low LTV. The applicant’s current property was unencumbered and they were looking to add a single story extension – [...]
According to a recent report, April saw the highest number of landlords selling their Buy-to-Let properties since records began in 2016. With extra stamp duty and stricter regulatory and lender tests in place, it seems many landlords are exiting the market. But we’re also seeing landlords taking advantage of regional locations for higher yield opportunities, and less conventional [...]
We are pleased to have launched our residential Retirement Interest Only plan. The RIO will sit alongside our existing 55+ Interest Only (and ER plans for those who are licenced). The 55+ RIO The mortgage has been launched in direct response to the FCA’s relaxation of rules on lending to older borrowers and will help [...]
We have made a number of changes to our residential mortgage product range and how we charge our booking fees. With the launch of this new range of products, we will be making the booking fee fully refundable and removing the need for customers to pay the upfront £99 element. This provides the option to [...]
To discuss a case, please contact us: Tel: 01252 916800 Email: sales@fleetmortgages.co.uk
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The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
