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 are lending for the new normal;
- Kensington announce new rates and cashback;
- Santander withdraw £1,000 cashback exclusives;
- Principality relaxes lending criteria to support supply teachers and bank nurses.
Santander: Withdrawal of £1,000 cashback exclusives
We've withdrawn our first time buyer £1,000 cashback exclusives from our range. Withdrawals Residential (first time buyer exclusives) Term Rate Fee LTV 3 year fixed 2.45% £0 85% 3 year fixed 2.65% £0 [...]
Ipswich Building Society: Reduced rates for “heartland” buyers
If you have clients in the east of England the Ipswich is offering reduced rates for first time buyers and is able to accept gifted deposits up to 95% LTV. Called “Heartland Exclusive”, Ipswich [...]
Family Building Society: Buy to Let – Portfolio landlords, Offset, Expats and no minimum income
FBS are confident their flexible criteria and personal approach to underwriting will maximise your BTL sales opportunity. They consider: Portfolio landlords Expats No minimum income BTL offset mortgage Their BTL offset mortgage can help [...]
Aviva: Launches new lending criteria & downsizing protection
From Monday 8 April 2019 we’re making some ‘market leading’ changes to our Equity Release proposition. We’re making a significant range of changes to our lending criteria and the big-profile areas are to allow [...]
Together: Lending for the new normal
British society is undergoing a period of significant change Incomes are changing. A combination of political and economic factors have resulted in booming self-employment, the emergence of the gig economy, and the prevalence of [...]
The Hanley: New Shared Ownership Product
We are thrilled to announce our latest Shared Ownership product; MFD303: 3.35% Fixed Rate for 3 Years (Shared Ownership) Up to 95% of applicants share (either on house purchase or remortgage) NO Application or [...]
The Marsden: RIO 5 year fixed rate
Retirement Interest Only 5 year fixed rate 3.09% Key Features: Available to clients aged 55+ For remortgage or house purchase To be repaid when a life event is triggered (no maximum term) Maximum loan [...]
The Co-Op Bank: Platform remove all letting conditions that restrict landlords letting to tenants who receive housing benefits
Platform; the intermediary mortgage brand of The Co-operative Bank, will not consider letting conditions across all mortgages that restrict landlords from letting to tenants in receipt of housing benefit. Although the clause wording will [...]
Vida Homeloans: Our new process is making a real difference
Over the past 2 years we’ve been listening to your feedback in order for us to deliver a great customer experience to you. As a result, we have recently invested heavily in improving our [...]
Kensington: New rates and cashback now available
We have updated our product range from today, Tuesday 2nd April 2019, which includes the following: Updated Residential rates Lower rates across much of the Buy To Let range 80% LTV HMO/MUB available to [...]
Clydesdale Bank: Voted best large loan lender
We are really proud to have been awarded Best Large Loan Lender at the Mortgage Strategy Awards. Thanks for all your support Clydesdale Bank came out on top for our large lending proposition at the recent awards [...]
Principality: Relaxes lending criteria to support Supply Teachers and Bank Nurses
Principality Building Society will now consider mortgage applications for customers working as supply teachers and bank nurses across England and Wales subject to six months proof of income. The change in lending policy comes [...]
TSB: adds cashback buy-to-let deals and cuts rates
TSB has launched a new suite of buy-to-let deals, as well as cutting the rates on offer on some of its existing products. Selected deals have had their interest rates reduced by up to [...]
Weekly Mortgage Update – 05th April 2019
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 are lending [...]