Weekly Mortgage Update – 27th October 2017

Weekly Mortgage Update – 27th October 2017

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:

  • Chorley Building Society launches back into the Buy-to-Let market for non-portfolio landlords;
  • Save your clients up to 25% in fees with Fleet Mortgages;
  • Aldermore launch a limited edition 5 year fixed rate, fee free, buy-to-let remortgage;
  • Clydesdale Bank will continue to support portfolio landlords who wish to remortgage.

In addition, Source Insurance discuss the benefits of cross selling GI.

Weekly Protection Update – 27th October 2017

By |October 31st, 2017|Categories: 10. October, 2017, 27, Provider News|

Welcome to this week's Protection 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: Earn CPD points with [...]

Weekly Mortgage Update – 27th October 2017

By |October 31st, 2017|Categories: 10. October, 2017, 27, 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: Chorley Building Society launches [...]

Santander: Buy to Let lending criteria updates

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

    On Friday 27 October, we made some important updates to our Buy to Let (BTL) lending criteria. Minimum income criteria We've simplified our criteria by removing the £50,000 minimum income requirement for applicants who [...]

Nationwide: moving away from task based assessments to a new case management process

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Nationwide has been trialling the way we assess mortgage applications within two Nationwide regions, by moving away from task based assessments to a new case management process. I am please to confirm that from today [...]

Accord: Residential Product Withdrawal at 8pm on Thursday 26 October

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

We’re withdrawing 7 products from our residential range at  8pm on Thursday 26 October. Products being withdrawn and not replaced are:    Product end dates Fixed 2 Year 31/12/2019 3 Year 31/12/2020 5 Year 31/12/2022 [...]

Aldermore: Aldermore’s Autumn Buy-to-Let special is here…

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Aldermore have launched a new limited edition range of remortgage only products for individual landlords with rates from 3.48%. Aldermore’s new range of limited edition remortgage only products are ideal for helping your clients get [...]

Mortgage Brain: Mortgage costs fall for the second successive quarter

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Despite ongoing predictions of interest and mortgage rate rises, the cost of mortgages has continued to fall with new data from Mortgage Brain showing further reductions in the cost of most mainstream products over the [...]

Kent: Portfolio Submission Platform – eTech FAQs

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

  Portfolio Submission Platform - eTech FAQs Our online portfolio submission platform is the new way of submitting applications for portfolio landlord cases. It is essential when you are submitting your clients’ applications, and without [...]

The Mortgage Works: download our portfolio landlord sales aid

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

        Portfolio landlord sales aid now available Our commitment to supporting you and your portfolio landlord clients is as strong as ever. We've created this guide to help you understand the PRA [...]

Barclays: Residential and Buy to Let Mortgage Products changes

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Our product end date movement to 31st January, introduction of Scottish Only Products and exciting product changes that we've made To streamline our range, we are also taking the opportunity to remove the Traditional product [...]

Clydesdale Bank: Portfolio Landlords

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

In advance of new BTL underwriting standards established by the PRA, we are able to share with you our new approach to portfolio landlords. Clydesdale Bank will continue to support portfolio landlords who wish to [...]

3MC: New Residential Exclusives Launched with The Mortgage Lender

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

  TML is delighted to announce new Premier Panel Exclusives. The exclusives are across product tiers 1-6 at 85% LTV with a 0.25% interest rate reduction compared to the whole of market product range. The exclusives [...]

TFC: Exclusive product alert! Huge rate reduction!

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

TFC Homeloans is pleased to be offering a fantastic exclusive products from The Mortgage Lender. Available now on sourcing systems to members of The Right Mortgage Network, this new product is both exclusive and limited [...]

Natwest: Introduce rate changes to core and semi-exclusive ranges

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

We are introducing some changes to our core and semi-exclusive ranges of mortgages. A summary of the changes is as follows with full details provided below. Core range Residential • First-time buyer only - 2 [...]

Digital Mortgages by Atom bank: Notice of Rate Change

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

We are changing our mortgage rates on Tuesday 24th October at 8am. The details of our rates will be on the new rate table on our website as soon as available. Whilst these changes will [...]

Bluestone: Criteria enhancements

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Great news! We've made exciting changes to our products and criteria: All CCJ's/Defaults under £300 now ignored All telecommunication CCJ's/Defaults now ignored Maximum Term increased to 35 years Minimum Term reduced to 5 years Gifted [...]

Enterprise Finance: Webinars on why & when you should explore specialist lending products

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Broker Videos Why & when should you explore specialist lending products? For property professionals Find out more Complex Buy-to-let and Commercial Mortgages Find out more Bridging Loans Find out more Second Charge Mortgages Find out [...]

Leeds Building Society : Minimum submission changes

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Streamlined mortgage application process We’re always listening to your feedback and striving to improve our service to you. With that in mind, we’ve streamlined our application process and removed our minimum submission form with immediate [...]

Chorley Building Society: Launches back into Buy-to-Let market for non-portfolio landlords

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Chorley Building Society has launched a new Buy-to-Let product for intermediaries, which marks the Society’s return to the market. The key features of the Society’s three year discount Buy-to-Let product can be viewed below. Key [...]

Virgin Money: Day One Remortgages

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

Virgin Money allow day one remortgages on both residential and BTL product ranges. In the first six months of ownership the valuation will be based on the original purchase price, unless the applicant has significantly [...]

Buckinghamshire Building Society: Changes to mortgage products

By |October 27th, 2017|Categories: 10. October, 2017, 27, Mortgage, Provider News|

We have replaced the following products in our shared ownership and right to buy categories: FS05 replaces FS02 RB03 replaces RB02 Exclusives: FS06 replaces FS03 (Censeo exclusive) FS07 replaces FS04 (L&G exclusive) BL39 replaces BL23 [...]

By |2019-03-12T10:53:18+00:00October 31st, 2017|10. October, 2017, 27, Mortgage, Provider News|0 Comments

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