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:
- The Mortgage Lender launch new buy to let options and network exclusive;
- Don’t forget the Precise Mortgage forces buy to let scheme finishes soon;
- NatWest reduce minimum switcher balance;
- Pepper Money simplify credit criteria.
Chorley: revamp 95% LTV offer
Chorley Building Society has improved their 95% LTV product by reducing the term from 3 years to 2 years, increasing the discount to 2.5% and replacing the 0.75% scheme fee with a fixed fee of [...]
Pepper Money: Simpler criteria
Pepper Money have simplified its criteria across all of its product tiers for borrowers with adverse credit. The simplified product tiers, which range from Pepper 6 to Pepper 48, make it easier for brokers to [...]
Marsden: RIO mortgage launch
We've widened our support for Older Borrowers Our Retirement Interest Only (RIO) mortgage is available to applicants over the age of 55 who are looking for an interest only mortgage with no plans to downsize [...]
3MC: 80% LTV HMO Exclusives
We are pleased to announce the launch of new 3mc 80% LTV HMO Exclusives with Precise Mortgages. The products are available for both limited companies and individuals for up to 8 bedroom HMO's. The 2 year product is [...]
Brightstar Hub: Bridging finance and buy to let mortgage in one
Thanks to the innovative Refurbishment Buy-to-let Product by Precise Mortgages, you can now offer the flexibility of bridging finance and the security of a long-term buy-to-let mortgage, in one simple package. That means One form. One underwriter. [...]
Canada Life: Our Capital Select Options give your clients flexibility and certainty
Our Capital Select Options allow your customers to pay up to 10% of their initial loan balance each year, without facing an early repayment charge. Flexibility They can make payments as and when they like, [...]
NatWest: Minimum Switcher Balance Reduction
The minimum balance an existing Royal Bank Or NatWest customer must have in order to select a new deal with ourselves will be reduced from £25,000 to £10,000, meaning that all residential customers with an [...]
The Hanley: Lending in Scotland
As of Monday 19th November, Hanley Intermediaries will be lending in mainland Scotland. Our Residential and Self-Build products lines will all be available to Scottish applicants. To be clear, this includes (but isn’t limited to); [...]
Precise Mortgages: Don’t forget! Forces Help to Buy scheme due to finish at end of December 2018
Time is running out for members of the armed forces to take advantage of the Forces Help to Buy scheme. Applications for the scheme, which is available to regular service men and women, must be [...]
Enterprise Finance: Bridging from 0.44% per month
If you only recognise Enterprise Finance for Second Charge mortgages, you may be missing out on extremely flexible and fast bridging finance for your clients. Here are a few key features of the bridging loans [...]
The Mortgage Lender: Launch new buy to let options
We have launched a range of new BTL options, providing greater choice for your applicants. As part of this change we have removed our tracker products. Pipeline: DIP accepts will proceed on the product they [...]
Vida Homeloans: Makes Financing Buy to Let Portfolios Quick & Easy
Vida Homeloans can help you get those BTL portfolio cases off your desk with its competitive criteria… Up to 15 properties/£4m with Vida Up to 50 BTL properties in total with average LTV up to [...]
Santander: Interest only – sale of mortgaged property
In the know…Interest only – sale of mortgaged property The Interest Only – Sale of Mortgaged Property Customer Declaration is a mandatory document and must be uploaded via Introducer Internet immediately following the application [...]
Weekly Mortgage Update – 16th November 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: The Mortgage Lender launch [...]