We are just a few weeks from the final implementation date for Consumer Duty. Over the next few weeks, I will be sending you regular Consumer Duty emails, like this one, covering some of the updates the Network has made in readiness for meeting the Consumer Duty. The Duty introduces new rules and guidance to […]
Consumer Duty Countdown – Connect Network Policy on Charging Fees Read More »
At 5:30pm on Monday 10th July 2023 we will be withdrawing our Core range owner occupied 2 Year Fixed products. Any DIPs on the current products must be submitted by 5:30pm on Monday 10th July 2023 and converted to a full FMA and submitted before 5.30pm on Thursday 13th July 2023. DIPs relating to these
Foundation HL Product withdrawal notice Read More »
At Molo, we continue to monitor the evolving market landscape and are writing to let you know about revisions to our product range. This includes updates to prices in line with market developments, some of which will come into effect shortly in relation to our mortgage rates. Key Highlights: New rates effective from Saturday 8th July
Molo Pricing Changes-Revised Pricing Effective from 8th July Read More »
With effect from 5.30pm on Thursday 6 July 2023, we will be making pricing changes across our residential new business and product transfer ranges. To secure our current products, the full application must be submitted and fully packaged by 5.30pm on Thursday 6 July 2023. Any cases outside of these timeframes will not be accepted.
Metro Bank – Changes to Residential Range Pricing Read More »
Applies to: Accord Residential New Business purchase (including new build properties) More common-sense lending from Accord has arrived – it’s just what we do! To help you help more clients, we’re pleased to now be able to offer you Joint Borrower Sole Proprietor (JBSP) mortgages. Who’s it for? With our new JBSP mortgages, if you
Accord – Joint Borrower Sole Proprietor Mortgages Read More »
On 6 July, Accord are increasing rates on their Residential Product Transfer and Additional Loan product ranges. The current range will be withdrawn at 8pm Wednesday 5 July and the new range will be available at 8am Thursday 6 July. What’s changing? We’re are increasing most fixed rate products by 0.20% 3 products will see
Accord Increase their Residential Product Transfer and Additional Loan Product Ranges Read More »
We’re committed to giving you as much notice as possible when we need to reprice our products. Due to current market conditions, we’re withdrawing our residential 2-year fixed products tomorrow (Thursday 6th July) at 5:30pm. New rates will be available after 5:30pm. In exceptional circumstances, we may have to withdraw earlier than planned, but we’ll always let you know if
MPowered – Update our 2-year Fixed Rates Read More »
Vida launches new tiering and enhanced criteria: Vida have simplified their credit tiers across residential and buy-to-let The previous five tiers are replaced with three tiers: Vida 36, Vida 24, and Vida 6 A number of criteria enhancements also announced including child benefit income accepted up to 100% and back-to-back remortgages within 6 months Vida,
Vida Launches New Tiering & Enhanced Criteria Read More »
Are your clients looking to seek additional property investment options to diversify their portfolio? Molo’s new large Houses of Multiple Occupation (HMO) and large Multi-unit Freehold Blocks (MUFB) offering gives landlords even more choice in the market. Your clients can purchase a property with up to 12 lettable rooms/ units with 2-year fixed rates starting at 6.69%, and 6.79%
Molo Launches New Large HMO & Large MUFB Offering Read More »
Our Joint Mortgage Sole Owner arrangements offer a family solution to affordability You may have always thought of it as a way for parents to help their children onto the property ladder or financially assist them with renovations, but did you know a JMSO can also be used by adult children to help their parents with affordability in
JMSO – A Flexible Family Solution to Affordability Read More »
