Following the announcement from the Bank of England on 15th December 2022 to increase the base rate by 50bps to 3.50%, Suffolk BS will be changing their SVR. Their SVR will increase by 50bps to 7.44% effective 1st February 2023. In the nine successive rate rises from December 2021 the base rate has increased by a […]
Suffolk BS will be changing their SVR Read More »
Reductions across Suffolk BS discount range – and important changes to features. Effective 4 January 2023. Suffolk BS have made a range of rate reductions across Residential, Expat and Holiday Let products. Take a look below. They have also introduced a floor on both the initial rates and revert to rates. Scroll to the bottom
Suffolk BS Rate Reductions Across Residential, Expat and Holiday Let Products Read More »
Precise Mortgages withdrawal of residential products. Replacement range coming Friday 6 January. Precise Mortgages are launching an expanded residential range including the return of their 85% LTV products, lower rates across all tiers and the re-introduction of DMP and Right to Buy products. To secure a product from their current range you must fully submit your
Precise Mortgages Withdrawal of Residential Products Read More »
New Lender on Panel Simon Micklethwaite Business Development Director from Reward will join Kevin at next week’s Kick-Off Meeting at 9.30am Monday 9th January Reward Finance Features £50k to £3m over 2 to 24 months – with options to roll over at the end of this term Interest paid in arrears, not in advance – only pay
Kick-Off the Week with Reward Finance Group on Monday 9th January 9.30am -10.15am Read More »
Understand the two brands within Virgin Money UK Group Matt Martin National Account Manager and Kayleugh Baker, Business Development Manager from the Virgin Money UK Group will join Kevin at next week’s Kick-Off Meeting at 9.30am Monday 19th December To start the webinar Matt Martin, National Account Manager will be joining to give a Virgin Money UK PLC
Vida have made changes to their Residential and Buy-to-Let products. Key changes include: RESIDENTIAL Cheapest rate 6.39% Reduced 2-year and 5-year fixed rate products Reduced 2-year variable rate products, cheapest rate 6.29% 70% and 80% LTV options across tiers Vida 48 – Vida 6 £995 product fee that can be added to the loan above
Vida Rate Changes for Residential and Buy-to-Let Products Read More »
The Financial Conduct Authority (FCA) have published numerous articles in the past stating advertisements should be clear, fair and not misleading. More recently though they have released a warning to Lenders and Brokers to stop using misleading terms in their advertising or face regulatory action. The statement they produced is aimed at those promoting credit,
FCA warns to stop using misleading terms in advertising or face regulatory action! Read More »
We have recently updated some of the Compliance File Review Process to provide more information and clarity. You may recall seeing the tab called ‘compliance’ in each case on OMS. This tab has been recently revamped so that it mirrors the checks that the compliance T&C team are completing when they review your files. Where
Compliance File Review Process Read More »
In the last 2 months Aspen have completed £30m of deals across 30 cases, with 50% of these completed within 20 days. They completed 12 on No Val, 8 on Refurb / Light Dev, the rest on Bridge to Let, Semi Commercial & Purchases. These included rates as low as 0.74% flat and 0.44% stepped,
Aspen Bridging Christmas Special Read More »
Buckinghamshire Building Society are constantly looking at ways to enhance and improve our mortgage range. Following feedback from their broker community, they have launched two new specialist fixed rate products. Firstly, they have a 2-year fixed rate holiday let product, which is available for both purchase and remortgage cases for properties across England and Wales.
Buckinghamshire Building Society Launch New Ex-Pat BTL & Holiday Let Products Read More »
