Effective 7th January we are making the following changes to our New and Existing customer product ranges: New Business New Products First Time Buyer: 4 new products, covering 85% and 90% LTVs, across 2 and 5 year deals Rate Changes Purchase: Rate decreases of up to 10bps and 12bps on selected 2 and 5 [...]

We've started the new year with a bang, launching a product refresh featuring rate reductions up to 0.29%! Our Green range has been simplified, offering the same discounted rates for EPC A,B and C rated properties — new builds are now accepted! Product highlights Standard 5 Year 75% LTV @ 3.04% with free valuation options Green Standard 5 Year 75% [...]

Following the decision by the Monetary Policy Committee on 16 December 2021 to increase the Bank of England Base Rate to 0.25%, we’re making some changes. On 6 January 2022, we will increase our Standard Variable Rate to 4.49% and our Buy to Let Variable Rate to 4.69%. What happens with existing customers Customers [...]

We recently discovered that while our RL1 product allowed some missed payments, or unsecured credit events in the profile, 55% of our applicants on that product didn’t have any at all. These findings are in addition to our research that we conducted earlier in the year finding that the impact of the pandemic on earnings [...]

In line with the Bank Base Rate increase on 16th December, the Society's Mortgage Variable Rate will increase by 0.15% for new customers on Thursday 6th January.  The MVR from this date will be 5.29%. The initial pay rate for any variable products currently linked to the MVR will therefore increase by 0.15% from [...]

Recent years have seen product transfers take on a much more significant role within the UK mortgage market. There are all sorts of different factors behind this, from lenders recognising the value of retaining existing customers to the welcome introduction of proc fees for brokers when dealing with product transfer cases. Some industry figures [...]

The question of whether to borrow through a limited company structure is one which all landlords have faced and continue to face. Considerations must be taken over the landlord’s number of properties, future plans, financial circumstances and exit strategies. Elements which also point to the importance of a good, professional mortgage advice process, as [...]