Welcome to this week’s Mortgage Update.
Be sure to have a look through as there is sure to be some information pertinent to you.
Included in this week’s update:
- Hodge Lifetime launch their 55+ Mortgages in Scotland with a Later Life Lending event;
- Virgin Money make some improvements to their BTL range;
- Precise Mortgages do the heavy lifting on Portfolio Mortgages;
- Accord make a number of changes to their BRL products;
- BuildLoan launch their new website; and
- Bluestone provide a guide to help your clients understand their credit report.
Principality: We’re making some changes to our mortgage range
We would like to inform you that we will be launching a new range of mortgage products on Friday 1st September. Details of changes: The new range will hold October end dates. Our residential product rates [...]
Buildloan: Our new website is now live
The new BuildLoan website is here It's designed to be easier to use, helping you navigate more easily and quickly to find the content you're after, as well as containing new and improved features and [...]
The Mortgage Works: End dates extension
We're just letting you know that we're extending the end dates across all New Business and Existing Customer products.
Precise Mortgages to do the Heavy Lifting on Portfolio Underwriting
Precise Mortgages, the specialist lender has announced its approach to Portfolio Landlords ahead of the implementation of phase two of the PRA’s underwriting standards due on the 30th September. Central to the lender’s proposition is [...]
Virgin Money: Improvements to selected BTL products
BUY-TO-LET 2 YEAR FIXED RATES AVAILABLE FROM 1.47% We have made improvements to selected buy-to-let fixed and tracker rate products. Summary of changes Core Range Selected buy-to-let fixed and tracker rates products will be reduced, [...]
Latest news and updates from Nationwide For Intermediaries
This month, we're pleased to announce you're now able to complete a rate switch on behalf of your client using NFI Online. Also, we're reminding you of the proofs that we request when submitting applications, [...]
New Residential & BTL Exclusives Available Via 3mc
Below we have highlighted 12 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's 80% [...]
Fleet Mortgages: Portfolio Lending – No extra paperwork to complete
To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk
Barclays: Lending criteria update: Income multiples
Following a review of our lending criteria we have made amendments to our income multiples policy for residential lending. Applications will now require an income of £55,000 or more (sole or joint) to qualify for [...]
Bluestone Mortgages: Helping customers understand Credit Reports
More CCJ's were registered last year than ever before, so it's not surprising more customers need help to understand how their credit reports are impacted. We've created a guide for you to use with customers [...]
Santander: Rate Cuts, Withdrawn Products and Case Tracking Update
Rate cuts from Santander I’m pleased to let you know that on Wednesday 30 August 2017, we’ll be making rate cuts to selected fixed and tracker deals. Fixed rates We’ll be reducing our 2 [...]
Earl Shilton Building Society: Mortgage product update
I am writing to advise that the following changes will come into effect from 1st September 2017: Booking Fee – The non-refundable booking fee will be increased from £100 to £125 on all products Own [...]
Leeds Building Society: Portfolio Landlords
As you may know, from 30th September 2017 the PRA will define borrowers with 4 or more mortgaged buy to let (BTL) properties as portfolio landlords. Leeds Building Society are pleased to continue supporting these [...]
Hodge Lifetime: Scotland Launch
Hodge Lifetime's 55+ Interest Only Residential Mortgage now available in Scotland Following on from the successful launch of our award winning 55+ mortgage in England and Wales during 2016 we are delighted [...]
Accord Mortgages: Buy to let rate changes
We’re making the following changes to our Buy to Let product range at 6pm on Friday 25th August: New Buy to Let products We’re introducing four new 2 year 60% and 75% LTV products [...]
