We hope you’re having a great summer!
Here’s what we’ve served up this past six months…
- Landlord affordability – we brought in a new tiered approach to ICR for BTL and holiday let – 125% for basic and nil-rate UK taxpayers and 145% for higher-rate and additional-rate UK taxpayers.
- We recruited another BDM for London – Beth Hillman.
- Mortgage offers – we increased our mortgage offer validity from 3 to 6 months.
- Added five new currencies including Saudi Riyal and Australian Dollar.
- Allowed flats up to seven storeys, and accepted non-court ordered maintenance.
- Max loans – increased the limit from £1m to £2m across all resi and expat resi C&I 80% LTV products.
- Launched a BTL light refurb product – using estimated rental income after work’s been carried out – potentially letting landlords borrow more.
- Added an in-depth self build hub to our consumer website to inspire and inform your clients, including research we’ve carried out and expert guest blogs.
- Continued our mission to provide safe homes for our communities – check out the video below.
- Put our name down to sponsor the Suffolk Building Society Later Life Broker of the Year Award, at the Mortgage Introducer Awards 2024. Nominations open until 16
August 2024.
Maybe we’ll see you at the awards, or at another event soon. If you’d like to meet one of the team for a quick run through on our niche offerings – self build, later life, holiday let and expat – (and a drink obviously!) just call us on 0330 123 1073.