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.
Weekly Mortgage Update – 11th June 2021
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: Foundation Home Loans [...]
Weekly Mortgage Update – 11th December 2020
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: Furness introduce 90% [...]
Weekly Mortgage Update – 26th June 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: Santander increases 85% [...]
Econveyancer – Introducing Rapid Remortgage
Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus [...]
Mailock moves closer to becoming the Financial Services industry standard for secure communication.
Why Mailock should be your first choice for secure email. Beyond Encryptions secure email solution, Mailock, continues to be popular with The Right Mortgage Network members, and across the Financial Services sector, as it [...]
Metro Bank: Opens 77th store in Sheffield and mortgage payment holiday extensions
Metro Bank, Monday 22nd opened its 77th store in the heart of Sheffield city centre on Fargate. Metro Bank offers customers and businesses the choice to bank however, whenever and wherever they choose. Whether [...]
Barclays: Positive Know Your Customer update – accepting extensions to driving licence expiry dates
Please see below for a positive update for accepting extensions to driving licence expiry dates for Know Your Customer (KYC) purposes. As a result of new EU legislation, drivers who have a photo card [...]
Buckinghamshire Building Society: Committed to first time buyers
In todays market first time buyers are finding it very challenging to find a mortgage with no deposit or a deposit of 5% or 10%. Buckinghamshire Building Society’s family assist mortgage offers up to [...]
Kent Reliance: Is shared ownership the answer for first-time buyers?
A problem shared is a problem halved – is shared ownership the answer for first-time buyers? Over the past couple of decades rising house prices have meant a need for larger deposits. In 1960, [...]
Natwest: Mortgage payment holiday update and Coronavirus hub
We’d like to bring to your awareness that the Financial Conduct Authority (FCA) have announced additional guidance on payment holidays designed to help customers whose income continues to be impacted by the coronavirus pandemic. [...]
The Family Building Society: Important changes to mortgage products and the return of their 95% LTV Family Mortgage
Time for some good news! Family Building Society have made some changes to their mortgage product range and their award winning 95% LTV Family Mortgage is back! All changes take effect from 24 June [...]
Santander: Increases 85 per cent LTV rates and cuts others
The bank has reduced the cost of selected remortgage fixed rates at 60 per cent and 75 per cent LTV by up to 0.15 per cent. The cuts have been made on two-, three- [...]
Foundation increases LTVs and launches new products
The products are aimed at borrowers who have less than straightforward requirements. Read more
Skipton Service Update: We’re here to help, even when it’s busy
Service Update – 24 June 2020 We’re really pleased about our recent increase up to 85% LTV in the Residential market. And it seems you are too! We’ve seen a large increase in applications [...]
PLATFORM RE-INTRODUCES HELP TO BUY MORTGAGES AND REDUCES FIXED RATE PRODUCTS
From Monday 22 June 2020 Platform’s Help to Buy mortgage range will be available to brokers. 85% LTV mortgages are also being reintroduced for those looking for a mortgage in England. All fixed rate [...]
Virgin Money: Notice of Product Withdrawal
At 8pm on Thursday 25 June we will amend the following Core products: • Selected 85% LTV Residential rates will be increased by 0.05% • Selected BTL 60% and 75% LTV rates will be [...]
The Mortgage Lender abolishes multiple application fees and reduces completion fees!
Check out our portfolio landlord products with reduced completion fees, no application fee for multiple applications and rates starting at 3.39 per cent Initial rates from 39%, £0 application fee and reduced completion fees [...]
Marsden Building Society: Launched a range of new products
NEW Later Life Products Marsden Building Society are experts in later life lending and have just launched a range of new products for their Older Borrower and Retirement Interest Only (RIO) ranges. From 23 [...]
Precise Mortgages: Additional securities accepted on Bridging Finance cases
We're now able to accept additional securities on our bridging applications, where the additional property meets the following criteria: Minimum property value is £75k Maximum property value is £750k Maximum 50% [...]
Coventry Intermediaries: Did you know your clients could now borrow more?
Great news! We've recently updated our affordability calculator and widened some of our lending policy. What’s new? We’ll now accept 50% of overtime, shift allowance and commission (not [...]
Hanley Economics: Covid-19 updates
Here is an update in relation to how Hanley Economic will be processing cases moving forward, in light of the impact of Coivd-19. Below is a simple document which outlines the main changes that [...]
Weekly Mortgage Update – 19th June 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: HSBC provide new [...]
Nationwide reduces maximum LTV for new business
Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members. From tomorrow, Nationwide will now lend up to [...]
Monmouthshire re-enters residential 90% LTV market
The Society expects the 90% mortgages to be very popular and therefore these could be withdrawn at short notice. Read more
eConveyancer – Introducing Rapid Remortgage
Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus [...]
Coventry Intermediaries: 90% LTV Product Updates
Supporting the 90% LTV market On Friday 12 June we launched a limited tranche of funds at 90% LTV to support you and your clients. To give you certainty, and to help you manage [...]
Kent Reliance: Help first-time buyers with 100% share value
The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder. To support this potential uplift in new residential business coming [...]
Precise Mortgages – expand out their HMO & MUB ranges
I just wanted to give you the heads-up on more great news from Precise Mortgages! With effect from next Tuesday 16th June, Precise Mortgages will now be considering purchases as well as [...]
NatWest will be introducing rate decreases of up to 30bps across their existing customer range
From Tuesday 16th June 2020 NatWest will be introducing rate decreases of up to 30bps across their existing customer range. Mark Bullard, Head of Sales, said: “We’re delighted to be making further decreases to [...]
Barclays are making changes across their residential, buy to let and reward ranges
Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective tomorrow, Tuesday 16th June, 2020 Key Changes Following the return of physical valuations, there are signs that [...]
3mc – New HMO/MUFB’s Packager Exclusives Launched – Up to 75% LTV
We are pleased to announce the launch of new Buy to Let (HMO/Multi Unit Block) packager exclusives with Foundation Homeloans. The products are available up to 75% Loan to Value with No Early Repayment Charges from [...]
Foundation Home Loans launches new residential rates – Thursday 18th June
Foundation Home Loans, the home of specialist lending, has announced new residential rates and increased loan to values on their existing range as of Thursday 18th June. Here are the details: Re-introduction of 5 [...]
HSBC: Mortgage payment holidays update
Supporting you and your mortgage customers with payment holidays Following revised guidance from the FCA, we want to make sure that you and your customers remain fully informed around payment holidays, now also referred [...]
Weekly Mortgage Update – 12th June 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: Coventry Building Society [...]
Coventry for Intermediaries launches limited tranche of 90% LTV products
Coventry for Intermediaries is launching a limited tranche of products at 90% loan-to-value (LTV). This move aims to manage its capacity to support the market while protecting its service levels and its wider proposition. Two [...]
Hodge: Criteria changes
We're delighted to let you know that we've made an additional positive change to our criteria this week. With immediate effect we're re-introducing 70% LTV across our later life lending range, up to a maximum [...]
The Right Loan: Furloughed clients now acceptable
With so many things changing within the Mortgage Market is sometimes difficult to keep on top of the changes to criteria that mean you have more opportunity to offer a product to your clients. That's why [...]
Accord Mortgages to temporarily withdraw all products at 90% LTV
Accord Mortgages is set to temporarily withdraw all products at 90% loan-to-value (LTV) as it looks to maintain service levels in the face of unprecedented demand. Since re-entering the market in mid-May, the intermediary lender [...]
Social media tips from Kent Reliance for Intermediaries
During these unprecedented times, you may have decided to use the time to brush up on extra skills. To help build your business profile, maybe you’ve looked to build or update your website. Or maybe [...]
L&G Home Finance: Later Life Webinar
With the UK mortgage market beginning to open back up, the last 12 weeks have reinforced the importance of business resilience. While business hasn't necessarily stopped, many advisers have reflected on the changing needs of [...]
Pepper Money: Notice of Product Withdrawal
We are making some changes to our Residential and Buy to let mortgage ranges. Full details of the change including a new range of Pepper Light products, for clients with no CCJs will be communicated [...]
Virgin and Clydesdale withdraw 90% LTV ranges
Virgin Money and Clydesdale Bank are the latest lenders to temporarily withdraw their 90% LTV ranges. The lenders, both owned by CYBG, have withdrawn all 90% LTV products for purchase, remortgage and new build to [...]
Metro Bank: Mortgage payment holiday extensions
In line with the wider industry, Metro Bank customers impacted by Coronavirus will be able to apply for a mortgage payment holiday of up to 3 months until 31 October 2020. They can do this [...]
New products, rates & LTV’s launched
Buckinghamshire Building Society has launched a new, simplified product range using physical valuations which is in addition to its AVM products. These new products offer competitive rates with: up to 80% LTV for prime lending [...]
HSBC: Common packaging issues – avoid unnecessary delays
Get your customer’s application to offer as quickly as possible by providing the correct documentation upfront. Here’s a reminder of what we need for new applications: Employed customers Latest payslip required in all instances. Income [...]
3mc has launched a new virtual on-site lender underwriter service
Phase one of the new virtual on-site lender underwriter service from 3mc has been launched. The new service enables 3mc team members to use Zoom or Microsoft Teams to discuss new enquiries and applications in [...]
Weekly Mortgage Update – 5th June 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: Precise Mortgages update [...]
Cirencester Friendly relaunches My Extra Benefits and 4 weeks deferred
Cirencester Friendly has today announced the relaunch of their add on product range, My Extra Benefits. Following their temporary withdrawal from the market at the end of March, the relaunch brings enhancements to both [...]
Buckinghamshire Building Society reduces minimum loan to £25,000
Buckinghamshire Building Society has listened to broker feedback and reduced our minimum loan size from £50,000 to £25,000 on our new range of desktop (AVM) products. Coupled with our manual underwriting this will enable [...]
Barclays mortgage product changes
Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective from Tuesday 2nd June, 2020. Key Changes Following the introduction of desktop valuations, coupled with the return [...]
3mc – New broker portal launched
Welcome to 3mcView, your new broker portal. You will be able to track all your cases from simple enquiries all the way through to completed applications via 3mcView. With 24/7 access allowing you to [...]
The Right Loan: Covid-19 criteria update – 100% LTV now available
With so many things changing quickly within the mortgage market, it’s sometimes difficult to keep on top of the changes to criteria that mean you have more opportunity to offer a product to your clients. [...]
Metro Bank: Supporting intermediaries business
SUPPORTING YOUR BUSINESS Metro Bank are fully committed to the intermediary market with nationwide field and telephone BDM coverage across England, Scotland and Wales and a UK based Broker Helpdesk who are there to [...]
Landbay: Product update: 75% LTV now available
June product update We're excited to announce the launch of our latest product range. You can find these products on our broker portal, which features our new 2-minute DiP. Up to 75% LTV Fixed rates from 3.39% [...]
Platform returns to 80 per cent LTV lending
Platform is reintroducing mortgages at 80 per cent LTV for buyers in England, and also relaunching new build deals at up to 80 per cent LTV. The products will be available from 3 June. [...]
TSB expands 85 per cent LTV range
TSB has introduced two-, three-, five- and 10-year fixed deals at up to 85 per cent LTV for purchase and remortgage. The lender is also now offering two- and five-year 85 per cent LTV [...]
Santander: Has increased its maximum loan amount from £1m to £3m
Santander has increased its maximum loan amount from £1m to £3m. At the same time, the bank is reintroducing 75 per cent loan to value (LTV) buy-to-let mortgages. Helen Harrison, head of intermediary distribution [...]
Kent Reliance: Furlough payments and affordability guidance
Kent Reliance for Intermediaries know that many of your customers will have been placed on the furlough scheme, and as part of an ongoing commitment to supporting brokers during these unprecedented times, here’s how the [...]
Criteria update from Hodge
We’re pleased to report that we’re making some positive changes to our later life proposition as we work our way through these turbulent and challenging times. With immediate effect we’ve: Removed the LTI restriction [...]
Kensington: New build relaunch and up to 80% LTV
As you will have hopefully seen and heard, Kensington Mortgages are pleased to announce that from WEDNESDAY 3rd JUNE, we will be relaunching some of our New Build Products, in addition to some other [...]
Precise Mortgages: Updated approach to furloughed income
As you know the governments furlough scheme has been extended, and with two-thirds of businesses having already used the government’s scheme since it was announced*, Precise Mortgages and the wider OSB group have been [...]
Underwriting Guidance from Pepper Money
At Pepper Money we believe its important to be transparent about how we assess your clients' applications. Due to the on-going effects of COVID-19, we've made some changes to our underwriting requirements. We [...]
