14% of UK adults are planning to buy a home in the next 12 months, however a third (34%) of them could see their mortgage application rejected due to ‘adverse credit histories’, according to new research by The Mortgage Lender (TML). Our recent article looks at how recent financial stresses of the pandemic, coupled [...]
Whether your client is a seasoned pro or a newbie dipping their toe, here’s how we can help: · Straightforward rental cover tests, starting from 125% at 5%, or product rate +1%, whichever is higher. · Personal income accepted to help with affordability. Give our affordability calculator a try. · Portfolio landlords are welcome. [...]
A ‘How to’ guide by Gemma Lang, Regional Area Manager at Foundation Home Loans. As you know, we lend on Short Term Lets in England, Wales and Scotland, but what does “Short Term Let” really mean? Our BDMs are often asked by brokers, “What’s the difference between an Air BnB and Serviced Accommodation?” or “What’s the difference between a Holiday [...]
A number of worldwide events have really sharpened many people’s outlooks and interest in the economic plight of the UK and on a worldwide scale. This is especially apparent with the scars from the pandemic living long in the memory and in the pocket of a vast number of people. This is also a [...]
BTL: 75% LTV, 2 years, 2.79%, 1.75% fee BTL Property Plus: 75% LTV, 2 years, 4.29%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback BTL Property Plus: 75% LTV, 5 years, 5.09%, no fee, free valuation / free valuation and free legals / free valuation and [...]
TEMPORARY REMOVAL OF PORTFOLIO BUY TO LET With effect from 5.30pm on Thursday 26 May 2022, we will be temporarily removing Portfolio Buy to Lets from our product offering. We class Portfolio Buy to Let as any Buy to Let application where the applicants will own either in sole name or jointly, the sum of 4 [...]
On Thursday 26 May, following the new lending policy in April, we can now confirm that we’re increasing our LTV for self-employed applicants from 75% to 90%. Existing Santander mortgage customers moving home will continue to be able to borrow up to 95% LTV. Our affordability calculator will be updated to reflect this change so [...]
Buy to Let New Business Accord withdrew and replaced products across its BTL new business range, with rates increased by up to 0.46% across all LTVs. A minimum of £300 Cashback has been added to all Fixed Rate products that don’t include the Accord Remortgage Legal Service. This is to provide flexibility to customers [...]
With less than a week to go until our Empowering Advice Through Technology (#EATT) conference, I wanted to take a moment to remind everyone about this must see event and that there is still time to acquire your tickets. During the day, you’ll see leading edge, and in some cases brand new, technology propositions from 7IM, [...]
Gift Inter Vivos can protect dependants against a potential inheritance tax liability if your client dies within three to seven years of making a gift. It typically entails taking out five single life level term policies that would run for three, four, five, six and seven years respectively, with each covering one-fifth of the [...]
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