Following today’s decision by the Monetary Policy Committee to increase the Bank of England Base Rate to 0.25%, we’re increasing our tracker mortgage rates. Our updated tracker rates will be available from 17 December 2021 and reflect the change to the Bank of England Base Rate. Our tracker differential will stay the same. What [...]

At The Mansfield, we're proud to offer residential lending up to 70% LTV for capital repayment or interest only up to age 85. Mortgage repaid before age 70 Mortgage repaid from age 70 and up to age 85 Maximum loan to value 95% capital repayment. 75% interest only. 70% Acceptable repayment types Capital repayment [...]

The max loan size for all first charge residential mortgage products has been increased. Key features include: Available for Remortgage and Purchase, including First Time Buyers, up to 85% LTV Capital Repayment or Interest Only (Interest only affordability on Interest Only payment) 2yr, 3yr and 5yr fixed rates from 3.80% Previous Adverse accepted: Can [...]

Criteria Changes (applies to Standard, Specialist, HMO and Ex-Pat applications)  For new applications, with effect from the above date, SBI will make the following changes to our maximum loan to value for new build properties: New Build House:           Maximum LTV 70% (previously 65%)  New Build Flat:               Maximum LTV 65% (previously 60%)    Green Mortgage [...]

We’re delighted to share with you that following a successful pilot, from tomorrow (16/12/2021 @ 9am) we will be able support your advisers by extending our shared ownership offering to all registered brokers. Our Shared Ownership range is available on our Pepper 36 product, up to 75% LTV. Please find product and criteria guides [...]

Santa’s elves deliver an Affordability Calculator to Bucks BS early! Our enhanced affordability calculator has now launched on our website (courtesy of Santa’s elves), powered by technology from Legal & General. The intuitive affordability calculator reviews the affordability of borrowers, but then cross-references this information against a selection of our lending criteria. Don’t forget [...]

This communication summarises key changes being made to Mortgage pricing for Coutts and Adam & Company as of Wednesday 15th December 2021. Residential 2 year Fixed have increased by 0.10% across all LTV bands, starting from 1.94% Buy-to-Let 2 year Fixed have increased by 0.10% across all LTV bands, starting from 2.34% All other [...]

Selecting a buy-to-let lender for a portfolio landlord can be a challenge for advisers, as they will need a lender that can offer a suitable interest cover ratio to maximise the amount of potential borrowing without heavy underwriting on the background portfolio. At West One, our individual approach to underwriting means that we review [...]

Where there's a chill there is a way Complex Case Solutions Is a complex case leaving your client cold this winter? Do they need help with a short term borrowing need? Do they need to secure lending on the basis of atypical income? Do they need to borrow more than standard income multiples? Are [...]