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:
Weekly Mortgage Update – 5th June 2020
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: Precise Mortgages update [...]
Cirencester Friendly relaunches My Extra Benefits and 4 weeks deferred
Cirencester Friendly has today announced the relaunch of their add on product range, My Extra Benefits. Following their temporary withdrawal from the market at the end of March, the relaunch brings enhancements to both [...]
Buckinghamshire Building Society reduces minimum loan to £25,000
Buckinghamshire Building Society has listened to broker feedback and reduced our minimum loan size from £50,000 to £25,000 on our new range of desktop (AVM) products. Coupled with our manual underwriting this will enable [...]
Barclays mortgage product changes
Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective from Tuesday 2nd June, 2020. Key Changes Following the introduction of desktop valuations, coupled with the return [...]
3mc – New broker portal launched
Welcome to 3mcView, your new broker portal. You will be able to track all your cases from simple enquiries all the way through to completed applications via 3mcView. With 24/7 access allowing you to [...]
The Right Loan: Covid-19 criteria update – 100% LTV now available
With so many things changing quickly within the mortgage market, it’s sometimes difficult to keep on top of the changes to criteria that mean you have more opportunity to offer a product to your clients. [...]
Metro Bank: Supporting intermediaries business
SUPPORTING YOUR BUSINESS Metro Bank are fully committed to the intermediary market with nationwide field and telephone BDM coverage across England, Scotland and Wales and a UK based Broker Helpdesk who are there to [...]
Landbay: Product update: 75% LTV now available
June product update We're excited to announce the launch of our latest product range. You can find these products on our broker portal, which features our new 2-minute DiP. Up to 75% LTV Fixed rates from 3.39% [...]
Platform returns to 80 per cent LTV lending
Platform is reintroducing mortgages at 80 per cent LTV for buyers in England, and also relaunching new build deals at up to 80 per cent LTV. The products will be available from 3 June. [...]
TSB expands 85 per cent LTV range
TSB has introduced two-, three-, five- and 10-year fixed deals at up to 85 per cent LTV for purchase and remortgage. The lender is also now offering two- and five-year 85 per cent LTV [...]
Santander: Has increased its maximum loan amount from £1m to £3m
Santander has increased its maximum loan amount from £1m to £3m. At the same time, the bank is reintroducing 75 per cent loan to value (LTV) buy-to-let mortgages. Helen Harrison, head of intermediary distribution [...]
Kent Reliance: Furlough payments and affordability guidance
Kent Reliance for Intermediaries know that many of your customers will have been placed on the furlough scheme, and as part of an ongoing commitment to supporting brokers during these unprecedented times, here’s how the [...]
Criteria update from Hodge
We’re pleased to report that we’re making some positive changes to our later life proposition as we work our way through these turbulent and challenging times. With immediate effect we’ve: Removed the LTI restriction [...]
Kensington: New build relaunch and up to 80% LTV
As you will have hopefully seen and heard, Kensington Mortgages are pleased to announce that from WEDNESDAY 3rd JUNE, we will be relaunching some of our New Build Products, in addition to some other [...]
Precise Mortgages: Updated approach to furloughed income
As you know the governments furlough scheme has been extended, and with two-thirds of businesses having already used the government’s scheme since it was announced*, Precise Mortgages and the wider OSB group have been [...]
Underwriting Guidance from Pepper Money
At Pepper Money we believe its important to be transparent about how we assess your clients' applications. Due to the on-going effects of COVID-19, we've made some changes to our underwriting requirements. We [...]