Weekly Mortgage Update – 6th October 2017

Weekly Mortgage Update – 6th 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:

• Together Money case study: Right to buy a property valued at £170,000 and the purchase price £66,100, so we do not require a deposit;
• Virgin Money gives top tips to remortgages;
• L&G launch a free live chat facility within its Mortgage Support Services team to provide an additional level of support for members;

L&G Mortgage Club: live chat facility

By |October 5th, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Legal & General Mortgage Club has launched a free live chat facility within its Mortgage Support Services team. The new tool aims to provide an additional level of support for members, enabling advisers to contact [...]

Together: Have a residential mortgage case? Specialist lender Together can help

By |October 5th, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Together case study Together are new on panel, so whenever you have a case that involves non-standard purchases, property, income or credit, we’re here to do our best to find a solution. Example Together case [...]

Buckinghamshire: Reduce rates

By |October 5th, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

CREDIT CRITERIA  DIP form First-Time buyer 3.49% -  3 yr discount [DF04] 3.69%  - 2 yr fixed 31/01/21 [FF04] more details Credit Repair 3.99% - 3 yr discount [CR03] more details Retirement 3.29% - 3 yr discount  [RE03] [...]

The Mortgage Works: Portfolio landlord updates now implemented

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

We're pleased to confirm that our systems have successfully been updated to reflect the Prudential Regulation Authority's (PRA) changes to portfolio landlord underwriting standards.   As a reminder, full details of our policy and our [...]

Bluestone Mortgages: It’s here. Our broker portal, Bluelink

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

  Online DIP & Full Application Our new online DIP and Application are now available in our broker portal, Bluelink.  Developed in-house using Google's design framework, it's a clean, fast and simple system [...]

Hodge Lifetime 55+ case study – The Jones’s – Max LTV

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Mr & Mrs Jones are aged 75 & 66, both self employed in administrative positions for a London firm that they own and run, they are both still working and intend to retire at [...]

Leeds Building Society: Buy to let has changed, and we’ve changed too.

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

  We know placing portfolio buy to let business could make things more time consuming than ever before, so we’ve invested in our buy to let proposition to improve our service and make it easier [...]

Santander: Remortgage specials and a choice of benefits

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Yes, it’s true…Procuration fees We value the work that you do Retention proc fee paid on residential and Buy to Let £400 minimum proc fee paid for new business loans £25,000 and above Full proc [...]

Tipton Building Society: New intermediary exclusive product release

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

New Fixed Rates Product code(s) FE073 and RFE039 – enhanced criteria applies, no status “2” (two consecutive missed payments) on credit file within last 12 months, no defaults at anytime Product End Date(s) With respect [...]

Kent Reliance: Our new way of working

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

In line with the new rules, we will now require the following documents from Portfolio Landlords for all mortgage applications: Business Plan Assets and Liabilities statement Cash flow statement Template documents have been created to [...]

Principality: further changes to our mortgage range

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Please be advised that we will be making further changes to our mortgage range. Below is a summary of those changes; Product 11153 2 Year fixed 75% LTV to increase from 1.55% to 1.70% Product [...]

The Nottingham: BTL Portfolio Landlords

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

From Friday 29th September The Nottingham announces new portfolio landlord requirements. Where the total number of mortgaged properties at the application level, including the property to be mortgaged, is four or more, the application [...]

Nationwide: Selected 2 year fixed rate increases

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Selected 2 year fixed rate increases From tomorrow, Thursday 28 September, we're increasing selected 2 year fixed rates, including Equity Share products. Please note, rates for existing Nationwide mortgage members switching products will not be [...]

Virgin Money: Why have one home when you could have two

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Your customers might want a second residential property as a holiday home, pied-a-terre, or for a dependant relative. Virgin Moneys affordability assessment on second residential properties considers the monthly expenditure and that the customer is [...]

Magellan Homeloans: think residential products

By |October 3rd, 2017|Categories: 10. October, 2017, 6, Mortgage, Provider News|

Are you missing Magellan for Intermediaries residential products when sourcing? Our strong specialist products, including a fees assisted range and transparent SLA's are just a number of reasons to think about using Magellan when placing [...]

Weekly Mortgage Update – 6th October 2017

By |October 3rd, 2017|Categories: 10. October, 2017, 6, 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: • Together Money [...]

By |2019-03-12T10:53:27+00:00October 3rd, 2017|10. October, 2017, 6, Mortgage, Provider News|0 Comments

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