Weekly Mortgage Update – 5th June 2020

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 their approach to furloughed income;
  • Santander has increased its maximum loan amount from £1m to £3m;
  • TSB has expanded their 85 per cent LTV range.

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 [...]

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. [...]

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 [...]

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 [...]

2020-06-05T09:41:43+01:00

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