Precise Mortgages, the specialist lender has announced its approach to Portfolio Landlords ahead of the implementation of phase two of the PRA’s underwriting standards due on the 30th September. Central to the lender’s proposition is the creation of a Portfolio Team whose role is to do the heavy lifting for mortgage intermediaries and to help [...]

BUY-TO-LET 2 YEAR FIXED RATES AVAILABLE FROM 1.47% We have made improvements to selected buy-to-let fixed and tracker rate products. Summary of changes Core Range Selected buy-to-let fixed and tracker rates products will be reduced, including: 2 Year Fixed Rate at 60% LTV will be reduced to 1.47% with a £1,995 fee 3 Year Fixed [...]

This month, we're pleased to announce you're now able to complete a rate switch on behalf of your client using NFI Online. Also, we're reminding you of the proofs that we request when submitting applications, discover our top tip on submitting tax credit proof and view our current FAQs, recent news and latest service levels. [...]

Below we have highlighted 12 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 80% LTV with 5 Defaults & 3 CCJ's in the [...]

To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk

Following a review of our lending criteria we have made amendments to our income multiples policy for residential lending. Applications will now require an income of £55,000 or more (sole or joint) to qualify for a 5.00x income multiple. This replaces the previous £45,000 income threshold. The table below provides an overview of the full [...]

More CCJ's were registered last year than ever before, so it's not surprising more customers need help to understand how their credit reports are impacted. We've created a guide for you to use with customers which covers: - Getting a free report - Reading your credit report - What your report tells lenders - How [...]

Rate cuts from Santander I’m pleased to let you know that on Wednesday 30 August 2017, we’ll be making rate cuts to selected fixed and tracker deals. Fixed rates We’ll be reducing our 2 and 5 year fixed rates at 80-90% LTV.  Highlights include our 2 year fixed at 85% LTV, which will be [...]

I am writing to advise that the following changes will come into effect from 1st September 2017: Booking Fee – The non-refundable booking fee will be increased from £100 to £125 on all products Own Insurance Fee – This is currently £25 but the fee will be removed completely Revaluation Fee (Further Advances) – This [...]

As you may know, from 30th September 2017 the PRA will define borrowers with 4 or more mortgaged buy to let (BTL) properties as portfolio landlords. Leeds Building Society are pleased to continue supporting these borrowers. From 29th September, the Society will increase its maximum portfolio size to 10 mortgaged rental properties and increase the [...]