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:
- Natwest announce important update on self-employed process;
- Virgin Money make changes to self-employed mortgage documentation and announce product withdrawal;
- Foundation Homeloans launch residential product.
Kent Reliance: Looking for a solution to support your self-employed client?
By Q4 2019 there were more than 5m self-employed people in the UK, a huge increase from 3.2m in 2000 [1]. With the self-employed now making up 15% of the entire labour force, it’s [...]
eConveyancer: Land & Buildings Transaction Tax and Land Transaction Tax update
With the recent announcements from the Scottish and Welsh governments regarding Land & Buildings Transaction Tax and Land Transaction Tax respectively, we wanted to let you know that eConveyancer is being updated to reflect [...]
LV=: Introduces new equity release drawdown product and adviser online portal
LV= is entering the equity release drawdown market with the launch of a new product – Lifetime Mortgage Drawdown+. In uncertain and fast-changing times, having future flexibility is reassuring for clients who want to [...]
Platform: Urgent product withdrawal
We have re-launched our Mainstream mortgage range for New Business. Product Changes Temporary withdrawal of selected mainstream new business products. All other products remain unchanged. New Business Mainstream Temporary withdrawal of 3 year fixed [...]
Virgin Money: Changes to our self-employed mortgage documentation
Impacted by Covid-19 and may have received financial support from the Government. We are committed to helping business owners with their mortgages and therefore we are changing our mortgage documentation requirements to enable us [...]
Precise Mortgages: Know where to go for your HMO?
Here at Precise Mortgages we’re dedicated to supporting you and your customers with HMO and multi-unit properties: Available for properties with up to six bedrooms/units Applications accepted up to 75% LTV Available for purchase [...]
Marsden: Supporting your clients for longer
Supporting your clients for longer… Our Older Borrower range is designed to support your later life clients with a mortgage in retirement. But how do they work...? Our Older Borrower products work just like [...]
Pure Retirement: Sign up now for our second *Unplaceables* Webinar
Join us for another ‘Unplaceables’ Zoom Webinar hosted by our BDM Anna Thompson on 12th August 10am – 11.30am We need your cases As the name suggests, this webinar is all about hard to [...]
Hinckley & Rugby: Announce criteria changes
Recently, we have made the decision to reduce the maximum mortgage age to 85, with there previously being no maximum. By doing so, we can save you a lot of time when processing new [...]
Halifax: Make changes to product range
we've made the following changes to our product range: Homemover and first time buyer All 2 year fixed rate products at 80-85% loan to value are temporarily withdrawn. Further information Please click Find out [...]
Chorley Building Society: LTV Reduction and Product Removal
We would like to update you on some amendments to our LTVs and product range. We have made the following changes: IS767 – Reduce LTV to 65% IS769 – Reduce LTV to 65% IS771 [...]
Foundation Homeloans: Residential product launch
We have re-launched our Mainstream mortgage range for New Business. Product Changes Temporary withdrawal of selected mainstream new business products. All other products remain unchanged. New Business Mainstream Temporary withdrawal of 3 year fixed [...]
Paragon: Is your customer considering incorporation
Is your customer considering incorporation? With the recent stamp duty holiday also including buy-to-let properties, now could be an ideal time to revisit landlords who, on the back of specialist tax advice, were previously [...]
Hanley Economic: Announce Criteria Updates
We are making some changes to our criteria which go live as of Monday 17th August 2020. Hanley Economic has made a conscious effort to streamline and simplify some of our criteria, so whilst they [...]
NatWest: Important update on self-employed process
We are working hard to make sure we understand our customers circumstances given the impacts of Covid-19. In this context we are putting in place some additional support to help underwrite self-employed customers. Please [...]
The Coventry: Product update
We are pleased to announce product updates. To find out more click here.
Weekly Mortgage Update – 07th August 2020
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: Natwest announce important [...]