To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk Fleet Mortgages, the buy-to-let and specialist lender, has today (23rd August 2017) outlined its approach to portfolio landlord lending, in light of the PRA underwriting changes that will be introduced from the end of September. Fleet Mortgages is not impacted by the PRA changes [...]
The following strict guidelines, to which there are no exceptions, have been developed with the Underwriting Team - individual cases do not need to be discussed with them prior to application: Structure There must be 2 borrowers and 1 owner. All owners must be party to the mortgage. We cannot lend where there are more [...]
Benefit from new and improved criteria. With rates from just 2.96% Magellan accepts: Less than perfect credit histories: Poor or low credit scores; CCJs and Defaults, even within the last year (subject to none in the last 3 months); Mortgage arrears (subject to none in the last 6 months); Current Debt Management plans and IVAs; Bankruptcies [...]
Welcome to this week's Mortgage Update. Be sure to have a look through as there is sure to be some information pertinent to you. Included in this week's update: Legal & General Mortgage Club announce a number of specialist lending events; Accord introduce a number of new residential remortgage deals; Virgin show why they [...]
An NHS report has revealed that type 2 diabetes prescriptions are growing at double the rate of total primary care prescriptions. According to Diabetes.co.uk, this huge rise is mainly due to more people being diagnosed with diabetes, and particularly type 2 diabetes, than ever before – with diagnosis rates rising by 54% in the last [...]
The Government’s flagship Help to Buy (HTB) scheme doesn’t charge borrowers interest for the first five years (the ‘Interest Free’ period). However lenders are required to assess whether customers will be able to afford this loan throughout its term. To continue supporting those using HTB, Leeds Building Society has reduced the figure used to calculate [...]
With Virgin Money, payment holidays are available once customers have had a mortgage with them for nine months and providing payments are up to date. These payment holidays can also be accumulated up to a maximum of 3 months and taken together, providing 27 consecutive payments have been made in full. And for your buy [...]
We’re making the following changes to our residential product range at 9am on Friday 18 August: New residential products We’re introducing 3 new remortgage 2 year fixed rate products with a £495 fee, free valuation, free legals and £500 cashback. The deals will be available at 65%, 75% & 80% LTV. Residential rates [...]
To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk
We are delighted to announce that we will be holding our popular Autumn Specialist Lending Events again this year. These half day events provide intermediaries with useful insight into key areas of the specialist mortgage market including Buy to Let, Later Life Lending and Second Charges. Sheffield United Football Club - Wednesday 13th September – [...]
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