The case study below illustrates how our unique approach to assessing the credit profile of prospective borrowers cannot only enable them to borrow more, but also save them thousands of pounds in interest. Application Details: Purchase Price: £250,000  Loan Required: £187,500 (75%)  5 year fixed rate (25 yr term)  2x unsatisfied CCJs  Registered 7 [...]

Over the last decade the way in many customers in the UK receive their income has changed, so we have evolved our policy to be able to offer solutions to as many of your customers as possible. Acceptable income highlights include; Employed: 100% of basic and fixed acceptable allowances if 12 month track record [...]

On Wednesday 8 December, we’re launching new five-year Exclusives, which come with a handy £1,000 cashback, great for customers looking to fix for longer. We’re also improving our Shared Ownership range with lower rates and a new Greener 5 Year Fixed Rate at 90% LTV, rewarding customers for purchasing an energy efficient home. Purchase [...]

On Thursday 9 December we will be making some changes to Halifax Intermediaries Online which will affect when you can amend the customer’s personal details that have been keyed. Once a Decision in Principle (DIP) is submitted the following fields under ‘Personal Details’ will be ‘read only’ and cannot be amended. This also applies [...]

From 13 December, TSB is increasing the maximum LTV on BTL mortgages from 75% to 80%, subject to credit score. The increased LTV at 80% will be available on both interest only and repayment mortgages on loans of up to £500,000 and will be available on all property types except new build flats. The [...]

We're reintroducing 90% LTV Remortgage  and Further Advance products From tomorrow, Wednesday 08 December, we're reintroducing Remortgage and Further Advance products at 90% LTV. Plus, we’ll be making some changes to minimum and maximum loan sizes on some products. For further details, visit our website or download our product guide below Important information You [...]

In an ideal world, there would not be any pressing time deadlines when it comes to completing a remortgage case. I know that many brokers contact their clients around four months before their rate is due to end, and aim to get an application in for the remortgage around three months before that maturity [...]

Effective 9th December we are making the following changes to our New and Existing product ranges, as well as changes to our end dates. New Business Rate Changes Purchase: Rate increases of up to 10bps on selected 2 year deals Remortgage: Rate increase of 7bps on 75% LTV 2 year deal Shared Equity - [...]

Effective from Thursday 9 December 2021 Here’s a full list the changes with product codes in brackets: New Business Core Range Residential Rate Changes 2 year fixed rate purchase [FO28810] 60% LTV, increasing by 10bps from 1.33% to 1.43%, product fee £995, cashback £250 [FO28811] 75% LTV, increasing by 3bps from 1.45% to 1.48%, [...]