From 4 April we are changing the way applications for a property with a Resale Price Covenant (RPC) are to be keyed. We accept applications where the customer is purchasing a property at a discounted purchase price under an RPC, sometimes called Discount Market Scheme (DMS), and are introducing a dedicated ‘Resale Price Covenant’ [...]
Derek has been living with his mother and is supporting her financially with everyday costs and her mortgage repayments. His mother Sally is a pensioner and Derek is a full-time HGV driver. Sally took out an equity release mortgage around ten years ago and together they have decided to remortgage and add his name [...]
Following the decision by the Monetary Policy Committee on 17 March 2022 to increase the Bank of England Base Rate to 0.75%, we’re making some changes. On 1 April 2022, we will increase our Standard Variable Rate to 4.99%, our Offset Variable Rate to 5.20% and our Offset Variable Investment Housing Loan Rate to [...]
Following the decision by the Monetary Policy Committee on 17 March 2022 to increase the Bank of England Base Rate to 0.75%, we’re making some changes. On 5 April 2022 we will increase our Standard Variable Rate to 4.99% and our Buy to Let Variable Rate to 5.19%. What happens with existing customers Customers [...]
We are pleased to confirm some enhancements to our product range available from Friday 1st of April 2022. The revised product range will be available for selection on our broker portal from this date. A summary of the changes is noted below: A new 2-year fixed range - being added to our Standard [...]
From 4 April, TSB re-launches its entire shared ownership product range, which includes rates for second-hand homes and re-mortgages - all of which come with £500 cashback. This is a welcome return due to the current popularity in this segment of the market, and with cashback, provides money confidence to any type of borrower. [...]
As a specialist buy-to-let lender, Zephyr Homeloans is dedicated to helping you and your landlord clients. They have a range of deals for both purchases and re-mortgages, with discounted rates for properties with EPC ratings of A-C. And with broad buy to let criteria and manual underwriting provided by underwriters you can speak with; [...]
**The following information should remain embargoed until 10am Friday 1st April 2022** Back by popular demand Precise Mortgages is widening its DMP, default and CCJ criteria as well as re-introducing Right to Buy with additional bells and whistles! Highlights include: Adverse widened >. 5 Defaults plus 3 CCJs now considered up to [...]
EMBARGOED UNTIL 10am on Friday 1st April - Precise Mortgages Refreshes and widens Buy to Let range I’m delighted to announce that as of Friday 1st April, we have widened our criteria on Tier 2 as well as changed our affordability assessment rate on our Buy to Let range. These changes have been [...]
Here's why you should be advising on complex credit: Helping a customer in a difficult situation, such as having a complex credit history, will create a customer for life, with repeat business The customer will refer their family and friends to you, as you were able to find them a solution they thought was [...]
© Copyright The Right Mortgage | All rights reserved. | The content of this website is intended solely for the use of financial advisers. | How to make complaint? | Our Policies
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.
