We’re re-introducing two year purchase and remortgage products. Your customers could snap up a two year fixed rate mortgage with no product fee at 1.49% and just 1.39% with a product fee. PLUS we’re cutting rates on our three and five year products. Look at our new rate table with the revised product rates and [...]
Earlier this month we supported the 'bail' for your older borrower prisoners who are being turned away from other lenders because of their age. We have a tailored product range for Older Borrowers that will help solve your problems. Our fixed rate product range: 2 year fixed rate options available from 2.99% 3 year fixed rate options [...]
Growth in specialist lending drives recruitment We’re expanding our UK key account management team, recruiting 3 new roles and promoting 3 senior sales people as part of our 2018 distribution strategy. With increased interest in specialist mortgage lending, our new expanded team will put us in a better position to serve our growing intermediary base [...]
To keep things simple, Virgin Money have one BTL affordability calculator so you can check the loan amount we’d offer your client. Continue to declare all of your client’s credit commitments and our calculator will automatically take personal income into consideration during the affordability assessment, where the rental income does not meet 145% of the [...]
Buckinghamshire BS and L&G Breakfast Meeting , 2 hour event from 9.30am - 13th March at Colemen Street EC2R 2 HOUR EVENT CPD CERTIFICATES AVAILABLE The Buckinghamshire would be delighted if you and your team members could join us. The Agenda will include Robert Sinclair from AMI discussing regulatory challenges including GDPR, Danny Belton [...]
In the know…£ for £ Buy to Let remortgage 125% minimum rental cover at 5.00% affordability rate OR… 4.50% affordability rate for 5 year fixed rates (meets eligibility criteria for transitional arrangement) Minimum income of £25,000 Your choice of standard legal fees paid or £250 cashback on completion* To qualify for 125% minimum rental cover [...]
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: Precise Mortgages are proud to announce new products; Digital Mortgages by Atom Bank announce smile inducing rate changes; Marsden talk about their fixed [...]
First Time Buyer transactions are increasing… First Time Buyer numbers have grown 15% year-on-year, with FTBs rapidly becoming the new ‘Special Customer’ – for life! Vida’s Director of Sales – Mortgages, Louisa Sedgwick, has suggested the increase in FTBs can be attributed to a number of contributing factors, including gifted deposits, the Bank of Mum [...]
We have 13 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's 80% LTV 5 Yr Fixed - Best affordability in the UK 75% LTV Ex-Pat BTL including HMO's & Multi Units [...]
To help more of your clients get the loan amount they need, we’ve increased the flexibility of our buy-to-let underwriting. That’s why we allow clients to include personal income in the affordability test. The rental income must cover 125% of the mortgage interest payment, calculated at a notional rate of 5.50%, with personal income being [...]
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