ALL LENDER UPDATES

Joint Borrower, Sole Proprietor solution

Our Joint Borrower, Sole Proprietor mortgage is designed to help customers step onto the property ladder with the support of family or friends. Residential Core Range JBSP highlights Spouses and non-relatives accepted as joint borrowers Joint borrowers can reside in the subject property Up to 95% LTV on houses and flats, purchase only (90% LTV for new […]

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Even better mortgage options for those in retirement

Improvements to our criteria so clients in retirement have better mortgage options!  Our new approach to stress rates makes affordability assessments better tailored to your clients. Borrowing capacity is likely to increase by up to 13% for Interest-Only and up to 9% for Repayment applications. We’ve also changed the way we assess Interest-Only applications which have

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Reduced rates for resi

More options for your customers.  We’ve refreshed our resi range with rates reduced by up to 0.15% across some of our products. What’s new: Rates now start from 4.71% 2-year fixed rates reduced by up to 0.15% in Tiers 1 to 3 5-year fixed rates reduced at 90% and 95% LTV in Tiers 1 to

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100% mortgages – what’s not to love?!

Here at Beverley Building Society, we’ve been providing 100% mortgages for years, based on the criteria below! So click here to see what our BDM, Joe Dewsbury has to say on the matter… Virtual deposit – 20% security charge over parents’ property Credit search – no credit score No minimum income threshold Affordability based lending Competitive interest rates

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Bridging finance – new dream home secured before the existing one sold.

We were recently approached by a broker whose client was on a timeline to raise over £400k to purchase their new dream property before selling their existing one. Our dedicated bridging finance team acted swiftly to send an offer in just over four working days, using the future sale of their existing property as the exit

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Enhancements to criteria for Together

MUFB Criteria Enhanced – Properties with up to 30 units accepted on our residential Buy to let range. This will mean more properties will qualify for our Buy to Let range, allowing you to place more cases and help your clients realise their property ambitions. Removal of rate loading for Foreign Nationals and Expats – No rate loading applied

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High LTI Lending

With April, your clients could borrow up to 25% more*. That’s right, up to 7x LTI with our modern longer-term fixed rates. It’s all part of AffordAbility+, our simple way to do high LTI lending, responsibly and with all the certainty and flexibility of an April mortgage: No ERCs when moving home or overpaying Automatically reducing rates as LTV drops Uncapped overpayments Available

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Lower starting rates now live on 2YR, 5YR No ERC, Variable and HELOC

Selina have lowered our starting rates across our 2 year, 5 year (no ERC), Variable and HELOC products. Take a look below. Rates are now dynamically generated, making them more accurate, personalised, and competitive. For tailored rates, use the Quick Quote feature in the Broker Portal. Our starting rates: Product Low LTVs High LTVs Variable 6.59% 8.66%

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