Exciting changes to our product criteria!
We’re excited to share some key updates designed to make your experience with us even smoother and more efficient.
Here’s what’s new:
1.Title insurance option now available
Exciting news! To provide a faster, more efficient way to complete first charge transactions, we now offer optional title insurance as part of our legal process for all first charge loans in England, Wales and Scotland.
- Speeds up the legal process — commonly used for auction finance.
- If selected, the title insurance fee will be added to the lender fee.
- The client will be responsible for all the legal costs.
2. Property and valuation criteria enhancement
We have made a slight tweak to our criteria to improve the chances of an AVM being accepted.
Current criteria:
Full valuation needed if property value is greater than 500k and over 65%
Is changing to:
Full valuation needed if property value is greater than 500K and over 65% LTV – outside the M25
Full valuation needed if property value is greater than 750K and over 65% LTV – inside the M25
All other criteria remains the same.
3. Packaging service available
For a fee of £999 we offer a service where we liaise directly with the client and third parties for you. All you need to do is send us a calculator and a signed application form and we take care of the rest.
The fee gets added to our lender fee if you tick the ‘Packaged’ box on our calculator.
Updated Resources Available
To support these changes, we’ve also updated our calculators and matrices:
New Calculators
New Matrices
Need more info? Your BDMs are here to help!