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:
More2Life: Our latest COVID-19 update to keep you informed
GREAT NEWS. After an intense period of negotiation with all of our funding partners, we are now in a position to start undertaking semi-automated (desktop) valuations on some of our products with immediate effect. You [...]
Virgin Money: New purchase product range now available
New purchase product range now available and changes to affordability policy | View in browser New purchase product range now available To help us support more customers with a wider product range, we have increased [...]
Precise: New Residential and Buy to Let product ranges including no valuation or assessment fees
As you know, following government restrictions introduced to prevent the spread of COVID-19, we at Precise Mortgages, have been busy working on solutions for you and your customers whilst physical property inspections remain unavailable. [...]
Tipton: Covid-19 Lending Criteria Updates
Valuation Process I am pleased to announce that are now able to complete desktop valuations for house purchase and remortgage (to include Buy to Let) for applications up to 70% LTV. Please be advised of [...]
Adlington Law: Non Face to Face Solicitor Appointment Guidance Following the Equity Release Council’s Temporary Measures
Further to our e-mail of the 31st March 2020 we want to take this opportunity to update you further with regard to the procedures we have now implemented, following the issue of the ERC’s [...]
Equity Release Council: Member Update
We wanted to send you my thanks for all the hard work that you are doing looking after the needs of customers who want to have the option to choose equity release and for [...]
Aviva: An update on remote valuations
We have been working hard to overcome a range of issues regarding the challenges of carrying out physical valuations given the social distancing restrictions in light of Covid19. During this period, as physical valuations [...]
Coventry: Changes to our operating hours
We hope you’re well and adjusting to these challenging times. With the constantly evolving situation, like many businesses we’re adapting and finding new ways of doing business with our brokers. To enable us to [...]
L&G Mortgage Club: We’ll be offering desktop valuations for all of our lifetime mortgages from 6 April
We emailed to let you know last week that our approach to property valuations was changing. We have been working as quickly as we can to implement an alternative way of valuing without a [...]
Family Building Society (FBS) – Supporting you with desktop valuations
In the current environment, valuers may not be able to carry out physical valuations, but FBS are pleased to confirm that they can now offer desktop valuations for houses of standard construction and type, [...]
Lending up to 80% LTV & other product updates
With the market changing rapidly, we thought it helpful to update you with a couple of key areas where Metro Bank can support your new and existing customers. Metro Bank highlights Residential lending up [...]
NatWest: Further guidance regarding lenders extending mortgage offers by up to 3 months for those Customers impacted by Covid-19
We can now issue further guidance in relation to the announcement from UK Finance regarding lenders extending mortgage offers by up to 3 months for those Customers impacted by Covid-19. Where customers are one [...]
Fleet Mortgages Are Open
Criteria Products Register BDM team
Accord Mortgages: Changes to our Residential and BTL debt consolidation criteria
We’ve made the decision to bring forward some planned changes to our Residential and BTL lending criteria. • From Wednesday 8th April we’re capping the amount of debt customers can consolidate when remortgaging to [...]
Legal and General: Desktop valuations now available for all lifetime mortgages
We’ll be offering desktop valuations for all of our lifetime mortgages from 6 April We have been working as quickly as we can to implement an alternative way of valuing without a home [...]
Pure Retirement – Here to support you as always
Latest updates in the current situation In the current times of uncertainty within the market, we’re pleased to announce that we now have Desktop Valuation solutions for the majority of our products. Both our [...]
Canada Life: We’ve made changes
With effect from 10am - Tuesday 14th April, we've changed the interest rates and LTVs across our Lifestyle Options and Capital Select Options. We're also temporarily closing Lifestyle Gold Plus, Lifestyle Platinum, all Voluntary Select [...]
Just: Changes to lending criteria and maximum LTVs
We appreciate that due to coronavirus many customers are reluctant to let surveyors carry out the usual physical property valuations and that many surveyors willl no longer conduct them. So we can continue to [...]
Chorley Building Society: Lending into retirement
Julie Goodwin, Head of Business Development at Chorley Building Society discusses this growing trend. It’s no surprise as life expectancy continues to grow, the number of those continuing to work later in life is [...]
