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 now accept bonus income;
- Nationwide announce selected rate changes;
- Barclays announce competitive product changes.
Leeds BS: Returns to 90% LTV market
Leeds Building Society is returning to whole of market lending at 90% LTV with two new deals – a two year fixed rate at 3.44% and a five year fixed rate at 3.50%. The [...]
Ipswich Building Society: Affordability criteria
It's time for this weeks instalment of our new lending criteria updates, with our new affordability changes. We're excited to introduce the following changes to our affordability: A new and improved affordability calculator launched [...]
Chorley Building Society: Launch new Buy to Let and Help to Buy products
Chorley Building Society are pleased to announce the launch of a new ‘First-Time Landlord’ product in the buy to let market. This product is specifically aimed at those who are entering the buy to [...]
Barclays: Announce competitive product changes
We are pleased to confirm we've made a further number of positive changes to products across our Residential Purchase, Remortgage and Reward ranges. Key purchase change highlights These changes willl see us reduce a [...]
Halifax: Changes to housing price index
To calculate the percentage loan to value (LTV) when a product transfer (PT) is required, we use an indexed valuation figure which is updated quarterly by the Halifax Housing Price Index (HPPI). Ahead of [...]
Just: Changes to lifetime mortgages
We've reduced the interest rate on our J6 LTV series J6 Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER 0% £0 £10,000 65-95 5.31% 5.44% 1% £0 £10,000 65-85 5.41% [...]
Newbury Building Society: Our shared ownership fixed rate is BACK
Our 3-year and 5-year FIXED RATE Shared Ownership mortgage products are BACK! Find out more HERE. Don't forget: New instant chat service now available; No credit scoring - all cases are assessed on individual [...]
LendInvest: Buy to let in 2021 – What can brokers and professional landlords expect?
After a strange year, with many of the challenges still remaining this year, what can brokers and professionals landlords expect from the Buy-to-Let market in 2021? As well as learning the lessons of the past year, [...]
Precise Mortgages: Supporting your Limited Company customers
If your customer runs their buy to let business as a limited company, Precise Mortgages could have the specialist solution that could help: Available for purchase and remortgages; No limit on shareholders under the [...]
The Right Loan: Help your clients fund their home improvements
With home improvements top of many peoples New Year's resolution list, either to help maximise their current living space or help add value before selling up, now could be the perfect time to discuss [...]
Virgin Money: Now accept bonus income
We wanted to let you know that from today, Wednesday 13 January, we can accept variable income (bonus, commission or overtime) in our affordability assessment. Here's what we'll accept Variable income must have been [...]
Family Building Society: Changes to Expat Buy to Let applications
Changes to Family Building Society (FBS) Expat Buy to Let applications From 1 February 2021, FBS will require Expat applicants to have a UK correspondence address. Visit their Intermediary website to find out more. [...]
Nationwide: Selected rate changes
We've reduced selected remortgage rates by up to 0.45%. And we're reducing selected first time buyer, house purchase and shared equity rates by up to 0.40%. Plus, we're also reducing selected switcher products at [...]
NatWest: Impact of Brexit
As part of the Brexit transition, EU, EEA or Swiss citizens living in the UK before 31 December 2020 must apply to the EU Settlement Scheme to continue living in the UK after 30 [...]
