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:
- TSB make changes to residential mortgage products;
- Hinckley and Rugby announce product changes;
- NatWest make changes to how they capture childcare costs;
- Santander introduce new minimum proc fee.
Vida Homeloans: Reprice selected limited edition products
Vida reprices selected First Charge Buy to Let products Vida will be repricing its First Charge Limited Edition 5-year fixed rate BTL product from Thursday 16th August: Vida Premier 5-year Fixed BTL will be [...]
Leek United Building Society: Launch affordability calculator
We have gone live with our residential affordability calculator which I'm sure you will agree is a big step forward! To use the calculator click here. For a residential affordability there is no longer a [...]
Nationwide: Helping your armed forces clients have a place to call home
We've extended our lending policy on applications using a Forces Help to Buy loan as a source of deposit. This means your armed forces clients are now able to purchase a home using a Forces [...]
Marsden: Expat, a growing audience
We’ve taken a look at the expat market and how we offer solutions to those working outside of the UK who want to keep an interest in the UK property market. The UK expat market [...]
Virgin Money: Supporting you with your BTL portfolio landlord applications
It’s been a few weeks since we launched lending for BTL portfolio landlords. We understand that these applications have additional steps compared to our normal requirements and will be assessed against some additional criteria. So [...]
TSB: We’ve made some changes to our Residential mortgage products
We wanted to let you know we’ve made some changes to our residential mortgage products. We’ve moved end dates out to the end of November for all our residential mortgage products, and we’ve increased rates [...]
Hinckley and Rugby: Product range changes
We are making some amendments to our product range which include an increase to our standard variable rate and reversion rate. These changes will go live from the 1st September 2018 SVR Our current SVR [...]
Santander: New minimum proc fee
On Monday 3 September our minimum new business procuration fee will reduce from £400 to £250. Additionally, we’re removing the minimum £25,000 threshold that triggers the minimum procuration fee. This means that decisions to lend [...]
NatWest: Changes to how we capture childcare costs
On the 20th August, we are making changes to the way we capture childcare costs, in order to accurately take into account the customer’s monthly childcare expenses. What’s changing? We will now use the amount [...]
The Mortgage Works: A closer look at landlords’ purchase strategies
Watch our latest video to discover more about landlords' purchase strategies, including a closer look at reasons why some landlords are planning to purchase within a Limited Company structure. Watch the video here [...]
Precise Mortgages: Announce buy to let product changes
We are pleased to announce that we have widened our criteria to now include Holiday Lets and Multi Units. These will be available on selected products within the BTL range. We are always looking for [...]
Tipton and Coseley Building Society: extends lending criteria to include retirement properties
The Tipton & Coseley extends lending criteria to include retirement properties The Tipton & Coseley Building Society is extending its lending criteria for older borrowers, to include retirement properties in a continuation of its [...]
Together: How our common sense saved one customer’s new home
Our common sense approach to lending means we can often help when others can’t. Like cases involving complicated income or employment, or those needing funding at short notice. Earlier this year we were challenged to [...]
Weekly Mortgage Update – 17th August 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: TSB make changes to [...]
