Weekly Mortgage Update – 29th June 2018

Weekly Mortgage Update – 29th 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:

  • L&G home finance announce product changes (equity release only);
  • Santander announce important lending policy & service changes;
  • Chorley enters 95% LTV New Build market;
  • Pepper Money enhances criteria for the self employed;
  • Hodge Lifetime announce product updates.

The Marsden: Here’s why we should be your top pick

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Buy to Let remortgage - Here's why we should be your top pick...  With growing demand from brokers for Buy to Let remortgage, we've made some changes to our products and criteria to support you [...]

L&G Home Finance: We have REDUCED the interest rates on some products

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Great news! We have made some exciting changes to Premier Flexible. More people will qualify as we are reducing the minimum loan size from £250,000 to £100,000. Customers will no longer need to pay a valuation [...]

Hodge Lifetime: Product change notification

By |June 29th, 2018|Categories: 06. June, 07. July, 19, 2018, 29, Lending into Retirement, Mortgage, Provider News|

As of 2nd July 2018, improvements will be made to the following products: 55+ Mortgage 55+ RIO Mortgage 55+ Retirement Interest Only Mortgage: Maximum Loan Value -  £1m  (was  £500k) Maximum Property Value - £3m (was [...]

Chorley Building Society: Enters 95% LTV New Build market

By |June 29th, 2018|Categories: 2018, 29, Mortgage, Provider News|

Chorley Building Society,(already lend in the Help to Buy England and Wales schemes) have re-entered the high loan to value 95% market on residential houses, this includes new builds (but not Flats). The territorial market [...]

Clydesdale Bank: Rate reductions & more

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Great news - we’ve reduced rates on a number of products and we’ve introduced some new products too. Rate Reductions The following rates have reduced, live now: Product Old Rate New Rate 2 Year fixed [...]

Vida Homeloans: New Helping Hand Mortgage

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

The Helping Hand mortgage from Vida Homeloans has been designed to allow parents to join their child on the mortgage (and to have their income taken into account as part of Vida’s affordability assessment) without [...]

Leek United: increases loan limit by £100k

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Leek United has increased its mortgage lending limit from 85% LTV and above. The change sees a £100k rise – from £300,000 to £400,000 – on the Society’s 95% Loan To Value (LTV) mortgages, with [...]

Virgin Money: Continue to enhance their intermediary proposition

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

On 25 June, Virgin Money made key enhancements and changes to their proposition: BTL Portfolio Landlord applications now accepted. Free valuations and a choice of free legal work or cashback for BTL remortgages. Maximum term [...]

Atom Bank: Millennials can have their avocado toast and eat it too with our new first-time buyer mortgages

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Millennials get a bad rap. They’re self-obsessed selfie-lovers. They eat too much avocado. They think man-buns are cool. There’s an endless number of stereotypes levelled at 20-36 year-olds, yet if there’s one that that does ring true it’s [...]

Pepper Money: Enhances Criteria for the Self-Employed

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

As part of their Fresh Criteria, Pepper Money has enhanced its criteria for self-employed borrowers. To assess affordability of self-employed applicants, Pepper Money will now use the latest year’s figures rather than an average of [...]

Santander: Important lending policy and service changes

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

We’ve increased the maximum loan amount and LTVs for residential non-new build flats and made some changes to the way you and your clients pay fees. Residential non-new build flats Maximum LTV Loan amount What's [...]

Precise Mortgages: Maximum LTC increased on bridging finance

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

Precise are delighted to confirm their maximum LTV has increased to 75% for Regulated and Non-regulated Light Refurbishment and Standard Bridging Finance. We’re sure you’ll agree this is great news and will allow us to [...]

Kent Reliance: Buy to let Britain report

By |June 29th, 2018|Categories: 06. June, 2018, 29, Mortgage, Provider News|

We are pleased to announce the release of the eighth edition of Kent Reliance’s Buy to Let Britain report. This is a detailed analysis of the key trends in the private rented sector (PRS) and the Buy [...]

Weekly Mortgage Update – 29th June 2018

By |June 29th, 2018|Categories: 06. June, 2018, 29, 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: L&G home finance announce [...]

By |2019-03-12T10:51:57+00:00June 29th, 2018|06. June, 2018, 29, Mortgage, Provider News|0 Comments

Share This Story, Choose Your Platform!

The Right Mortgage and Protection Network

St Johns Court , 70 St Johns Close, Knowle, West Midlands, B93 0NH

Phone: 01564 732 749

Using a Satnav? Please use postcode: B93 0NN to locate the office when visiting.

Testimonials

Like the friendly can do approach, keep it up!
Michael McGuiness, Adviser
My experience with TRM so far has been excellent I can’t tell you how much you guys have lifted me since March. The positive approach shown by everyone to get the business on and to get the commission paid is up lifting. What a breath of fresh air, great Network and fantastic positive attitude.
Andrew Smith, Adviser
You are a wake up call to this market and a revelation compared to my previous network.
David Levy, Adviser
Go to Top