Magellan Homeloans, the specialist first charge mortgage lender, has further improved its lending criteria by announcing it will now lend to up to four applicants. The enhancements apply to their Complex Prime and Credit Repair ranges and will serve to ease affordability issues on mortgage applications. With the cost of buying property continuing to rise [...]
Annual house price growth at 2.9%, little changed from June Modest 0.3% increase month-on-month House Price Index headlines
Dear Partner With around 3 million residential mortgages in the UK now on an SVR scheme1, many consumers could be missing out on the opportunity to save money or pay off their mortgage early thanks to low mortgage rates. In fact, industry data indicates that 7 out of 10 homeowners could save money by moving [...]
What options are available to this audience? The older borrower market is growing fast yet their access to products can be limited. The Marsden offers conventional mortgages for those approaching or in retirement that are an alternative to equity release or for some, a ladder to support equity release in the future. Here are some [...]
To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk
The latest issue of Enterprise's Second Charge Report is now available for download. The Report highlights that the market breached £900m annualised lending for the first time, with 3 consecutive months of year-on-year growth in monthly lending, starting with March's long-time high of £93m. Broker market education appears to be fuelling growth.
Our Buy to Let affordability rates: Purchases 145% minimum rental cover at 5.50% affordability rate Remortgages…without capital raising 125% minimum rental cover at 5.00% affordability rate Remortgages…with capital raising 145% minimum rental cover at 5.50% affordability rate Or NEW 4.50% affordability rate for 5 year fixed rates (excluding porting applications) Why not see how much [...]
Trust us to do right by your customers – The 55+ residential interest only mortgage was created as we believe that customers age 55 and over should have access to a flexible and innovative mortgage product and should not be disregarded due to age. Later life lending specialists – One of a small number of [...]
Leeds Building Society changed their interest only criteria to assess the required minimum equity for customers who are using the sale of property as an interest only repayment vehicle on a regional basis. This means more of your customers may be able to apply for an interest only or part interest only part repayment mortgage. [...]
Together - multiple scenarios: one common sense approach Have a residential mortgages case? Together are now on panel Whenever you have a case that involves non-standard purchases, property, income or credit, we’re here to listen to you and do our best to find a solution. If you have a case which involves any or all [...]
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