Weekly Mortgage Update – 28th May 2021

Weekly Mortgage Update – 28th May 2021

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:

  • Hinckley and Rugby announce new, lower rate 95% LTV products;
  • Foundation Homeloans announce 90% LTV even for complex income residential clients;
  • Hanley Economic withdraw 95% LTV fixed rate 2 year product.

The Right Loan: We’ve teamed up with Together

By |May 28th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

We’re delighted to be working in partnership with Together, offering a range of personal and commercial short term finance products for your clients. The common sense approach. With over 46 years of experience, Together's competitive range of finance products [...]

Newbury Building Society: Talk to us about joint borrower, sole proprietor

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

Meet Jasmine... She has found a property she’s interested in but can’t afford the mortgage on her sole income. So, Jasmine and her father, Michael, turned to us for help and realised joint borrowing on [...]

Accord: Let to buy residential application enhancements

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

Following feedback from Brokers we’re pleased to announce that we’re making changes to our residential lending criteria to further support your Let to Buy clients. What’s changing? We are changing the way we assess residential [...]

Fleet Mortgages: Announce criteria changes

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

Limited liability partnerships can now access our limited company products. Criteria changes: Leasholder / freeholder connection: No first charge on the freehold, only a legal charge; Now accepting limited liability partnerships (LLPs); No longer require [...]

Hanley Economic: Withdraw 95% LTV fixed rate 2 year product

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

Please note – we are withdrawing the following product immediately as it’s been very popular! MFD425: 3.89% Fixed Rate for 2 Years 95% LTV Outstanding applications are to be fully packaged and with the Society [...]

Virgin Money: We’re withdrawing a product

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

We wanted to let you know that we’ve withdrew the following mortgage: Exclusive 90% LTV 2 Year Fixed Rate at 3.18% will be withdrawn; If you’re applying for this mortgage on behalf of your customer, [...]

The Mortgage Lender: Smaller loans & Portfolio Multi-loan

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

TML are continually looking at ways to enhance our proposition and also support landlords that are looking to grow their portfolio’s. As well as having a proposition for larger loans above £500,000 we also [...]

Skipton Building Societies: The complexities of cladding

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

The complexities of cladding Cladding is a complex issue, which is often misunderstood within the mortgage industry. Our BDM Jonathan Evans wants to change that. After experiencing a growing number of enquiries, he educated [...]

NatWest: Increase max LTV for remortgage applications with additional borrowing

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

We've increased the maximum LTV for Remortgage applications with additional borrowing (excluding Unsecured Debt Consolidation) to 90% - If any element of the Remortgage is for debt consolidation, the maximum LTV remains at 80%. [...]

Hinckley and Rugby: New, lower rate 95% LTV products

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

We’d like to let you know about some changes to our 95% LTV residential products. On 26 May, we withdrew two fixed rate products and re-launched them at market leading rates to increase affordability [...]

Precise Mortgages: How top slicing could help your customers, and offer landlords greater flexibility

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

Precise Mortgages is pleased to announce the return of top slicing across their entire buy to let range offering landlords greater flexibility, which could help them get the loan amount they need. Top slicing [...]

Foundation Homeloans: 90% LTV even for your complex income residential clients

By |May 27th, 2021|Categories: 2021, 28, May, Mortgage, Provider News|

90% LTV even for your complex income residential clients? High loan to value or large loan? Introducing… the NEW product range for borrowers with income seen as complex by the high street Your complex [...]

By |2021-05-28T13:57:09+01:00May 28th, 2021|2021, 28, May, Mortgage, Provider News|0 Comments

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