Weekly Mortgage Update – 18th May 2018

Weekly Mortgage Update – 18th May 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:

  • Legal and General release new reduced interest rates;
  • Vida Homeloans widens buy to let expat criteria;
  • Virgin Money increase maximum residential loan size.

Virgin Money: Maximum residential loan size increase

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

Intermediary feedback to Virgin Money told them that larger loans would help your clients. As a result they’ve increased their maximum residential loan size from £1m to £2m and have launched mortgage deals to support [...]

Precise Mortgages: Residential fees-assisted 2 year fixed rate products

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

We are pleased to bring you news of a new range of Residential Fees-Assisted 2-Year Fixed Rate products that we today. This update will introduce a new range of 2-year fixed rate options for borrowers [...]

Vida Homeloans: Vida widens Buy to Let Expat criteria

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

Vida has widened its Buy to Let Expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada. Louisa Sedgwick, Director of Sales [...]

Santander: In the know… pound for pound buy to let remortgages

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage|

Under transitional arrangements, the rental cover we can offer is: 125% minimum rental cover at 00% affordability rate or 50% affordability rate for 5 year fixed rates Here’s our criteria for transitional arrangements: The [...]

Family Building Society: We’ve increased our maximum age for older borrowers to 95

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

Our maximum term of the mortgage is now set by the age of the oldest borrower at the end of the term – with a maximum age of 95. We’re pleased to let you [...]

Aldermore: Launch later life lending mortgage range

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

Aldermore have made quite a name for them-selves in the specialist mortgage world - and now they’re extending their offering to later-life mortgages. Their new range for borrowers aged 55 and over features multiple product [...]

Self Build: Get it right for your client

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

Self build mortgage applications are generally viewed in exactly the same way as any traditional mortgage, yet the reality is that there's nothing more specialist than self build. Every self build project is unique and [...]

The Coventry: Advance notice of mortgage maturities

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

We’ll be writing to our BTL customers with July 2018 maturities at the end of May to let them know. If you have any clients with mortgage deals that are coming to an end, now [...]

Weekly Mortgage Update – 18th May 2018

By |May 18th, 2018|Categories: 05. May, 18, 2018, Mortgage, Provider News|

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: Legal and General [...]

By |2019-03-12T10:52:11+00:00May 18th, 2018|05. May, 18, 2018, Mortgage, Provider News|0 Comments

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