In case you missed it, we reduced ALL of our fixed rate mortgages by at least 0.5% and also launched some new 2yr fixed products. On top of that, we have also increased our Product Transfer proc fee’s to now be in line with the same as new business to reflect the work you as a broker have to put in to recommend a PT.
Full details can be found here:
Important Changes to Our Mortgage Products (familybuildingsociety.co.uk)
Despite what has been a challenging market recently, we are still helping lots and lots of your clients, especially those that may not fit the typical high street mould such as lending into retirement/Interest only residential/expats.
We have provided you with a reminder below of our USP’s as a society if you have any cases or questions please do not hesitate to get in touch. I am also available for team meetings/zooms/face to face catch ups over a coffee if you would like to know more!!
Have a fantastic weekend and I look forward to speaking to you soon.
USP overview:
Residential USPs.
- Up to age 95 at the end of the term for a residential C&I mortgage. (multiple retirement incomes considered)
- Up to 4 applicants on a mortgage, multiple incomes considered.
- JMSO available to parents and children.
- Interest Only
Up to 80% LTV with Repayment Vehicle
Up to 70% LTV with Sale and downsize (subject to sense check)
No min income requirement
- Self Employed – Salary and Share of Profit Considered
- Rental Income Considered for affordability
- SIPP Pensions – we assess the FUND VALUE for use in affordability. (contact me to discuss in more detail)
- 95% LTV* Family Mortgage
BTL USPs
- Up to age 89 at application considered
- No min income requirement
- No background portfolio stress
- No limit to background portfolio with other lenders
- MUFB considered
- BTL offset Available
- LTD Company with 8 directors
- ExPATs allowed in over 40 countries. (including Europe!!)