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:
- Coventry add new fixed residential mortgages to their portfolio;
- 3MC launch new 90% Kensington exclusives;
- Fleet’s fees fall this autumn;
- Accord address affordability & change their residential product range;
- Buildloan offer free roadshows;
Secure Trust Bank: ‘Unordinary’ lending from your soon-to-be favourite lender
Let's be honest, we aren't the first people to offer into retirement mortgages; your clients who need lending into retirement could try to get a mortgage from numerous lenders. But it's our aim to be [...]
BuildLoan: Free roadshows you can’t afford to miss
Everyone in England now has a Right to Build their own home. Right to Build legislation means that those living in England can now register their desire to buy a serviced plot with a view [...]
Magellan Homeloans: update on the transition
As you may have become aware in recent media announcements, Mars Capital UK & Ireland of which Magellan Homeloans operates as a trading style was recently acquired by the company Arrow Global plc. As a [...]
Together Residential: Mortgages available up to £1m at 60% LTV
We consider mortgage applications from all sorts of people, with a focus on affordability, we're able to cater for a wide variety of income sources including employed, self-employed, DWP benefits and private pensions. You can [...]
Nationwide: Selected 2 year fixed rate switcher increases
From tomorrow, Thursday 19 October, we're increasing selected 2 year fixed switcher rates, by up to 0.10%. 2 year fixed rate switcher increases 2 year fixed rates at 60%, 75% and 85% LTV increased by 0.10%, now starting [...]
Furness Building Society: increases to the offer validity period from 3 months to 6 months
2017 has seen Furness for Intermediaries implement a range of enhancements to its criteria, products and processes to improve the service and experience it delivers to intermediaries. The latest improvement to be made is the [...]
Platform: Giving young homeless people a fresh start
For most of us, a mortgage means so much more than just a roof over our heads. It's a way of getting somewhere to call our own. A safe haven. A home. But for the [...]
Kent Reliance: Portfolio Submission Platform – eTech FAQs
Our new online submission platform has been designed to simplify the process of submitting cases for portfolio landlords. It is an essential tool for when you are submitting your client’s portfolio landlord cases – in [...]
Santander: Yes, it’s true…Procuration fees
We value the work that you do Retention proc fee paid on residential and Buy to Let £400 minimum proc fee paid for new business loans £25,000 and above Full proc fee paid on total [...]
Fleet Mortgages: Rental Calculation 125% at 5% & fees fall
To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk Key Highlights include: Rate Reductions: Standard: 75% 5 Year Fixed now at 3.49%, down from 3.79%. Limited Company: 75% 5 Year Fixed now [...]
3MC: New 90% Kensington Exclusives Launched
There are now 2 versions of the 90% packager exclusive product, accepting the same level of adverse credit but over different time periods. These products will allow up to 90% LTV whereas the core range [...]
Clydesdale Bank: BTL Affordability Assessment
Clydesdale Bank BTL affordability assessment Further to the implementation of PRA underwriting standards for BTL and in accordance with recommendations by the Bank of England Financial Policy Committee, changes have been made to our affordability [...]
Coventry: New fixed residential mortgages to our portfolio
We’re giving your clients even more choice – we’ve added some new Fixed Residential mortgages to our portfolio. We’ve launched a new range of 7 Year Fixed products from 50% to 90% LTV. There’s [...]
Virgin Money: Exclusive Remortgage Specials
Virgin Money remortgage deals at 90% LTV could be perfect for customers looking to remortgage for the first time. · *Remortgage Special* with residential fixed rates starting from 1.97% at 90% LTV with a £995 [...]
Accord Mortgages: Affordability – know where your clients stand
Affordability is always a hot topic on the phones and web chat. Accord’s team of Business Development Advisors are ready to help you understand how our affordability model works for your clients. Brokers who haven’t [...]
