Your customers might want a second residential property as a holiday home, pied-a-terre, or for a dependant relative. Virgin Moneys affordability assessment on second residential properties considers the monthly expenditure and that the customer is able to afford all credit commitments including any mortgages. For more information speak to your dedicated BDM. 10 reasons to [...]
Are you missing Magellan for Intermediaries residential products when sourcing? Our strong specialist products, including a fees assisted range and transparent SLA's are just a number of reasons to think about using Magellan when placing your next mortgage. You also have a dedicated contact for support in managing the cases through. When souring, don't forget [...]
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: • Together Money case study: Right to buy a property valued at £170,000 and the purchase price £66,100, so we do not require [...]
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: Virgin money lend on properties with annexes; Leeds Building Society ease the pressure on portfolio buy to let; After a week, Accord withdraw [...]
On Friday 29 September, we will be implementing the changes to our buy-to-let proposition to align it with the PRA requirements for assessing buy-to-let mortgage applications. I thought it would be useful to summarise the key aspects of our revised buy-to-let proposition for you. New and improved buy-to-let calculator hosted on our website which will [...]
Great news! We continue to offer our market leading remortgage specials for your clients completing in December. Plus on Tuesday 26 September, we're launching a new standard remortgage range with a January completion deadline, giving your clients a choice. Rate highlights Remortgage specials For customers completing on or before 29 December 2017. Remortgage specials Rate Product [...]
Older Client facing potential repossession due to interest only maturity, used the 55+ to help - Ms Monk Ms Monk, a 69-year-old single lady had been in touch with her mortgage adviser, she was extremely distraught having discovered that her mortgage provider was about to start court proceedings against her for the re-possession of [...]
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