- Enterprise Finance want you to get more from your existing client bank;
- Pepper Money introduces day rate contractor calculations;
- Santander explain how they can use overtime as part of your clients income;
Weekly Mortgage Update – 22nd May
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: Accord, Ipswich Building [...]
Precise Mortgages: Buy to let limited edition 5 year fixed mortgage
We are pleased to share details of a series of new limited edition BTL products that are now available. Product summary: 49% 5-yr fixed with 1.5% fee, minimum £300k loan size; 3.59% 5-yr fixed with [...]
Pepper Money: Introduces day rate contractor calculations
As part of their Fresh Criteria, Pepper Money has launched a better deal for the growing population of contract workers, with the introduction of day rate calculations to assess affordability. Between 2008 and 2017, the [...]
Coventry: Product closures
Please see product updates below. Closing products 8pm Monday 25th June 2018 Residential and offset Up to 65% LTV (no change) Over 65% LTV (no change) [...]
Crystal Specialist Finance: Secure £9M solution
Crystal Specialist Finance (CSF) and Amicus have secured deals totalling over £9.1m to ensure the successful purchase and development of a largescale residential project for an established property developer. Initially a £3m bridge was agreed [...]
Santander: Overtime
To use overtime as primary income (100%), amounts must be regular and consistent and not a short-term trend. We’ll use the lowest monthly payment from the last three months’ payslips x 12* If there [...]
Digital Mortgages: Mortgage rate changes
We have updated a number of rates from our range of residential mortgage products. We’ve made reductions across our first-time buyer range; Higher LTV bands for remortgage and purchase rates will see small decreases; Lower [...]
Marsden: Takes 125bps off Buy to Let range & launches new First Time Buyer and Older Borrower products
First Time Buyer, Older Borrowers & Buy to Let We've made some changes to our product portfolios effective this week and live on sourcing and our website. Residential Extended end dates for First Time [...]
Clydesdale Bank: Product changes
What’s Changing? The following residential products are being withdrawn from sale today: 2 year fixed to 75% LTV (Fee Offer) – 1.79% 2 year fixed to 80% LTV (Fee Offer) – 1.89% Product Transfers [...]
Fleet Mortgages: The Quest by Landlords for Increased Profitability
The quest by landlords for increased profitability within their portfolios is not going away; in fact as a series of regulatory and political measures have hit the ability of those properties to make a profit, [...]
Enterprise: Get more from your existing client bank
Are you looking for ways to generate more business? The obvious, simple solution may be right in front of you… Many of your clients may need to raise additional funds but are locked into: Interest-only [...]
Leek United: Doubles mortgage offer period
Leek United has doubled the offer period on its mortgages from three months to six months*. The increase – which came into effect this month (June) – gives homebuyers the reassurance of additional time to [...]
The Hanley: Release new residential product
Hanley Intermediaries is pleased to confirm our new residential product MDS173: 1.85% 5 Year Discount (50% LTV, Capital & Repayment or Interest Only) If you have any queries or I can be of any assistance, [...]
Kent Reliance: Amplifies their wider residential criteria
his week we are pleased to announce that we have made significant changes to our residential proposition – namely the expansion of our near-prime product offering. Our Business Development Manager, Matthew Butt and Broker Liaison Manager, Alan [...]
Weekly Mortgage Update – 22nd June 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: Enterprise Finance want [...]
Hodge: Release new mortgage product
The 55+ Retirement Interest Only Mortgage The UK's first residential 'no end date' mortgage for over 55's from a company dedicated to later life lending since 1965. What is it: A residential interest only mortgage [...]
Ipswich BS: Clients borrowing into later life?
Clients borrowing into later life? New options from Ipswich Building Society. Since the implementation of the Mortgage Market Review (MMR) in 2014, borrowers in their mid-forties and above found they had a reduced choice [...]
Dudley BS: Guaranteed pension income
A Case Study we thought you may find interesting Guaranteed pension income helping borrowers to build a much needed extension... We received a joint application for a £75,000 loan on residential remortgage at a [...]