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: Clydesdale Bank announce product changes; Santander launch key account exclusive remortgage products; Virgin Money launch longer fixed rates. [...]
Magellan now pays procuration fees on exchange of contract With immediate effect, and including any live cases, Magellan will now pay your procuration fees when contracts are exchanged. This means your fees can be paid up to typically, three months earlier than previously. Benefits include: Earlier payment Improved cash flow for your business Simple [...]
Product transfers – friend or foe? Did you know many High Street lenders are now directly approaching clients 4 months before the end of their first charge term? In many of these situations clients are offered a waiver of their Early Redemption Charges, and the lender simply transfers the product and puts them onto [...]
To discuss a case, please contact us: Tel: 01252 916800 Email: sales@fleetmortgages.co.uk
Research from Vida Homeloans shows that more First Time Buyers are taking advantage of greater product innovation in the specialist mortgage sector. A wider range of products and a raft of new lenders has meant that FTBs, who may have previously faced limited choice from mainstream lenders, are now succeeding in getting their foot on [...]
Furness Building Society is delighted to announce the appointment of Alasdair McDonald as Head of Intermediaries Alasdair joins the society having previously been Head of RBS Intermediary Partners; He has over 25 years of experience in the financial services industry and has held leadership roles across 3 major UK banks. Commenting on his appointment, Alasdair [...]
Right to Build is a BIG deal for you and your clients. Learn how you can maximise this opportunity and support your client’s wishing to build or commission their own homes with a free ‘Right to Build’ Roadshow from BuildLoan. Since April 2016, Local Authorities in England have had a duty to keep a register [...]
We pleased to bring you news of a new range of Residential Fees-Assisted 2-Year Fixed Rate products This update introduces a new range of 2-year fixed rate options for borrowers that may benefit from a product with reduced fees. This may be a first time buyer with a smaller deposit that wants to keep money [...]
As a later life lending expert, we have come across some weird and wonderful reasons for lending to our Older Borrowers. Here's some of our favourites... "Home improvements" Why when you get to a certain age would you stop investing in your home? One of our top reasons for lending to the 55+ is around [...]
Please note, the following products have been withdrawn with immediate effect. MDS134 2.89% BTL Variable Discount for 2 Years MDS161 1.50% BTL Variable Discount for 2 Years MDS162 1.44% Variable Discount for 5 Years MDS146 1.75% Variable Discount for Term MDS156 3.24% Variable Discount for Term MDS144 3.10% Variable Discount for 2 Years Outstanding applications [...]
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