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:
- Virgin Money make improvements to lending criteria;
- Clydesdale announce rate reductions;
- Hanley announce self build product.
Principality: Taking home awards for mortgage lending and social responsibility
Principality Building Society has received two prestigious national awards for Best Regional Building Society and Corporate Social Responsibility, by the Mortgage Finance Gazette. The Society was awarded the Best Regional Building Society title for [...]
Foundation Homeloans: Is HMO the way to go?
Landlords need more support than ever across a sector where yields, costs and tax benefits are being squeezed. And with product numbers increasing - in terms of volume, variety and in some cases complexity [...]
Metro Bank: Joint borrower, sole proprietor mortgage
A great solution for customers looking to get on to the property ladder with some help from their family. Product highlights Up to four applicants on the mortgage, with a minimum of one applicant [...]
Virgin Money: Improvements to our lending criteria
Virgin Money are a lender who works hard for their intermediary partners. That’s why they’re pleased to announce that they’ve made some improvements to their lending criteria: Affordability They have increased the maximum loan [...]
Clydesdale Bank: Reduce rates
Exciting news! We have reduced rates across our First Time Buyer range. The new rates are live now, we’ve included information on them in the table below. Product Old Rate New Rate 3 Year [...]
Santander: Residential remortgaging without capital raising
Maximum 5.50x income - for residential remortgages where your client is borrowing the same or less. Giving your client a choice of standard legal fees paid or £250 cashback. ERCs apply Free standard valuation up to a [...]
Barclays: Reduced residential and reward rates launching
We are pleased to confirm some more positive changes across our Residential and Reward ranges. Key existing product reductions Reduced - 2.89% 2 year Fixed, £0 product fee, 95% LTV, Min loan £5k, Max [...]
Hanley Economic: Announce new self build product
Our brand new product is for those who wish to build their own second home – you may remember recently we updated our Self-Build application criteria to allow for second homes for self-build projects. [...]
Precise Mortgages: Have you seen our winter wonders yet?
We've introduced some new 5 year fixed rate winter wonders into our buy to let mortgages range. But don't miss out, because just like the tin of Quality Streets in our office, they won't be around for [...]
NatWest: Removal of minimum procuration fee for product transfers
As you are aware constantly and diligently review our proposition, products and services to ensure we are in line with the overall marketplace. On the 12th December we will be removing our minimum procuration [...]
Hodge Lifetime: New holiday let mortgage
We’ve got some exciting news at Hodge: tomorrow we’re launching a Holiday Let mortgage - and this is not just for the later life market, this is a product for all ages. We know [...]
TSB: Announce product changes
TSB has made some product changes. A summary of the changes: Residential rates reduced on: 2, 3 and 5 year fixed, 85-95% LTV, by up to 0.20%. Rates increased on: 5 year fixed Remortgage, [...]
More2Life: Missed our marketing help webinar? Not to worry!
If you missed the marketing webinar from financial services marketing expert Phil Calvert, or couldn't attend our Later Life Lending Symposiums earlier this year, not to worry! Phil's Marketing must-haves for advisers webinar is now [...]
Weekly Mortgage Update – 06th December 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: Virgin Money make [...]