This new system allows brokers to submit business to the Society electronically, simplifying and improving the overall application process. Brokers can access the system via the website here: www.chorleybs.co.uk/how-to-apply-for-brokers/ Once registered, brokers will be able to submit decision in principles and applications, plus upload documentation securely and direct to the Underwriting Team. [...]
From unlimited background portfolios to no stress testing scenarios! We’ve got BTL covered from A to Zephyr For the varying needs of your portfolio landlord clients we can help the process run as smooth as possible, here are some of the benefits of sending your portfolio landlord’s business our way: No background portfolio stress [...]
Diversity is key when it comes to landlords looking to maximise their current and future portfolios. Choosing different property types represents one route, with an increasing number of landlords incorporating houses in multiple occupation (HMOs), off-plan new builds and short-term lets into their portfolios. Another route is via investment in a different location, especially [...]
If your customer is buying a new home, don’t forget we will accept a deposit gifted from a close family relative with no maximum value. From the 3 March 2020, for any new applications, the Gifted Mortgage Deposit Form must be completed and uploaded to the case via the mortgage portal. Download the form [...]
You may have already seen, however I wanted to contact you personally to make you aware of a repricing at Kensington, which I hope will be especially good news regarding both your New Build & Buy to Let business We are reducing our help to buy rates on both our 2 year and 5 [...]
TSB has made change to rate switch products. Please see summary below: Product end dates move out to the end of May; Reduced rates on fix and flex by up to 1.30%; Adjust rates, both up and down, on selected 2, 5 & 10 year fixed residential and 2 & 5 year fixed buy [...]
Buy to let deals to write home about Maximum 36 months on Assured Shorthold Tenancy - including UK jurisdictional equivalents (minimum six months); Maximum of four named individuals on a single tenancy and no more than one tenancy agreement; Maximum of 3 mortgaged let properties with Santander. Use our Buy to Let calculator to quickly find out how much your client [...]
Welcome to this month's lending into retirement Update. Please take the time to read through the update as there may be some information that is important to you. Included in this month's update: Aviva make changes to lump sum max and lifestyle options; Canada Life enhance lifestyle options; One Family Help interest only mortgage [...]
We have enhanced our Lifestyle Options: Decreased interest rates on Lifestyle Lite, Gold and Gold Plus including Flexible variants. Our new interest rates are shown in the Product Information table below highlighted in red. Product Current Interest rate (MER) New Interest rate (MER) Current Interest rate (AER) New Interest rate (AER) Current APR [...]
According to analysis by UK Finance there are 40,000 interest-only mortgages set to mature in 2020. The FCA have been recommending that interest-only mortgage borrowers talk to their lenders about repayment, expressing concern about the number who may be unable to pay off their loan at the end of its term. How could a [...]
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