We’ll review unusual properties on a case by case basis - from acreage to outbuildings, holiday lets on site and basement flats, or mixed use and one title deed. Large owner occupied residential property with 3x holiday let mortgages 80% LTV on a property valued at £1.1m; Existing Holiday Let income was evidenced to [...]
The Club will be back on the road again visiting advisers across the regions as part of our annual spring roadshow programme.The theme of the roadshows will be 'Making Mortgages Simply Better' - supporting advisers every day with up-to-the minute information and providing market leading access to a wide array of lenders and industry influencers.Hear the latest [...]
Good financial planning is about putting the right amount of money into the right hands, at the right time. That’s why we believe in building equity release into the financial planning process. Here are some scenarios where it may be useful to consider equity release as part of your client’s overall financial plan. Debt [...]
Please note we have decreased rates on our Lump Sum+ product. Our new rates are as shown below. App fee free (loans of £50,000 or more): LTV @ 70 LV= AER MER APR 25% 2.89% 2.85% 3.0% 26% 2.89% 2.85% 3.0% 27% 2.89% 2.85% 3.0% 28% 2.89% 2.85% 3.0% 29% 2.89% 2.85% 3.0% 30% [...]
To help make submitting your Help to Buy: equity loan applications a quick and easy process, here are some simple tips to keep your cases moving. Please select the Help to Buy: equity loan option from the drop down in FMA > Loan purpose in all cases. You'll need to select a Help to Buy: [...]
We have made a number of changes to our affordability calculations and I am pleased to confirm that we have increased our maximum loan to income to 5 times below 75% loan to value, the changes are as follows; LTV Income Old LTI New LTI <75% <=£20k 4.45 4.45 <75% >£20k <=£75k 4.85 4.95 [...]
Bristol, 11 February 2020 – Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has significantly reduced a range of its interest coverage ratios (ICR).For houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFB) and flats above commercial property (FAC), Zephyr has reduced its ICR from 155% down to 135% for limited companies and to [...]
We have made a pricing change to our 2 Year Fixed Rate Prime Plus residential mortgage product only. Our new product plan is attached with the changes are highlighted. The price is being increased to 4.29% Reversionary rate increases to THMR +0.93% All other Residential products remain unchanged. Please see updated product information here. [...]
Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: Together make changes to first charge residential mortgages; Kent Reliance launch new broker portal; Skipton turn first time triers into first time buyers. [...]
Welcome to this week's Protection Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: Uinsure are launching new non standard home insurance product; IPipeline have a new products features report; Paymentshield has a new quick quote experience. [...]
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