We would like to inform you of our ongoing assessment and response to the COVID-19 health emergency, and to reassure you that we are operating business as usual, with all our staff now working from home. Following the government’s announcement on Monday night mandating that people stay at home other than for essential activities, [...]

We have updated our product guides to reflect some ranges we have withdrawn and reductions to our maximum loan amounts. The changes are: RESIDENTIAL Withdrawal of the Options range Maximum loan amount of £750k across Select and Large Loan ranges up to 85% LTV Maximum loan amount £500k up to 90% LTV across our [...]

We have withdrawn our tracker product range. This includes the withdrawal of all Purchase, Remortgage and Buy to Let tracker products, for new and existing customers. We have made the decision to withdraw our tracker product range in light of current market conditions. We will continue to monitor our product offering to ensure we [...]

Foundation Home Loans has stopped mortgage applications yet to reach offer on its withdrawn products and has pulled all short-term let mortgage offers up to the point of exchange of contract. The moves follow coronavirus guidelines from the government, suspension of physical valuations and wider market conditions, it said. Foundation confirmed it is accepting [...]

TSB has made improvements to rate switch products. A summary of the changes are below. Buy to let rates reduced on: 5 year fixed 0/75% LTV, reduced by up to 0.20% Residential rates reduced on: 2 year fixed 0-90% LTV, reduced by up to 0.30% 5 year fixed 0.80% and 85-90% LTV, reduced by [...]

The impact of Coronavirus (Covid-19) continues to challenge us all, so I wanted to provide you with clarification on some of the topics we are receiving most queries on, along with an update on our payment holiday criteria: Valuations – Nationwide & TMW We will be maximising the use of AVM/Desktop capability. Where we [...]

As you know the Bank of England (BOE) base rate was reduced by 0.50% to 0.25% on 11 March. Since then it has been further reduced by 0.15% to 0.10% and we can confirm that we’ll be passing on the full rate cut to existing customers as follows: The Santander and Alliance & Leicester [...]

We contacted you recently to let you know about how we plan to support your clients during this difficult time. We’re offering support to those who are impacted by Coronavirus by agreeing a mortgage payment holiday for up to three months. We’ve now set up a quick and simple online form for clients who [...]

The recent data release from accountants, Moore, which looked at HMRC statistics regarding the number of landlords with multiple properties, ostensibly suggested a considerable blow to the PRS and buy-to-let, however, deeper understanding of the sector reveals a culture change in property investment. According to a report by Moore, the accountants, landlords with between [...]

With the current situation in mind, we want to highlight that we’re committed to helping our brokers and make it as easy as possible to maintain a business-as-usual approach. Simple guidelines to support your customers We’ve put together some simple guidelines to help you support your customers and to enable you to continue to [...]