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:
Brightstar: Guide to commercial finance
Below is the link to the latest in our series of ‘guides to’. This covers an overview of the full spectrum of commercial finance. This includes non-property backed solutions which I hope will highlight the [...]
Foundation Homeloans: Are your residential clients missing out on mainstream mortgage lenders?
There are many reasons why your residential mortgage clients may be missing out on a mortgage from a mainstream mortgage lender. These reasons can range from too frequent credit searches to financial associates with bad [...]
Together: Shocking statistics describe a mortgage industry that’s ‘not fit for purpose’
A study by specialist lender Together has found that borrowers are being let down by mortgage providers, with 54% of applicants denied for a loan for reasons that could be considered 'normal' by most people. [...]
Furness: Lowers rates on fixed rate mortgages and introduces new 3 year product
Furness for Intermediaries reduced rates on its fixed rate mortgage range which is available across England, Scotland and Wales. The new fixed rate products include a 2 year product at 2.69% (90% LTV), 3 year [...]
NatWest: Secure Document Upload Facility
In June we introduced a couple of solutions that allowed brokers to feel confident about the security of documents that they send to us in form of TLS and Egress Switch. We also informed you [...]
Buckinghamshire Building Society: Raised maximum procuration fee cap
I am delighted to inform you that Buckinghamshire Building Society has increased the cap on procuration fees paid to brokers across our mortgage range. The maximum procuration fee for residential, buy to lets and product [...]
Kensington: Thank you for your support
As we look back on 2018, this has been a year of continued growth for Kensington. We are the UK’s leading residential specialist mortgage lender, our mortgage book now stands at over £5bn and this [...]
Paragon: NEW! 80% LTV buy-to-let portfolio and non-portfolio products
Portfolio products 3.99% 2 year fixed 80% LTV HMO/MUB £150 application fee 0.25% product fee Free mortgage valuation £250 cashback* 3.99% 2 year fixed 80% LTV HMO/MUB £150 application fee 0.25% product [...]
Barclays: Residential and Reward range changes
Following on from the rate reductions we made last week, we are pleased to confirm we are making some more positive changes to our Residential fixed rates with new products launching tomorrow, Friday 7th December. [...]
Family Building Society: Tell us how we’ve been doing
As 2018 comes to an end, we’d love to know how you think we’ve been doing this year, so we’d be grateful if you could complete our Broker Survey. It shouldn't take you longer than [...]
Enterprise: Helping buy to let mortgage prisoners
According to figures from the Intermediary Mortgage Lenders Association, investment in Buy-to-Let properties fell by 80 percent from £25bn in 2016 to £5bn in 2017. With extra stamp duty and stricter regulatory and lender tests [...]
Santander: Proof of deposit
Please give full details of the deposit in Introducer Internet > New application > Loan required > Loan details. For gifted deposits: In Introducer Internet please detail the full name(s) of the person providing the gift, [...]
Leeds Building Society: Retirement interest only mortgages
Are you wondering how retirement interest only (RIO) mortgages compare to standard interest only (IO) and lifetime mortgages? When considering your clients' needs, it's important to know that RIO is not a replacement for either [...]
Precise Mortgages: Get an indication of how much your customer could borrow on a Residential Mortgage in seconds
If you’d like a quick indication of how much your customer could borrow on a Residential Mortgage, our new affordability calculator could be the solution. It’s simple and easy to use, and in just a [...]
Weekly Mortgage Update – 07th December 2018
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: Barclays make changes to [...]