ALL LENDER UPDATES

Virgin would like to tell you about some business-boosting changes coming your way, thanks to improvements we’ve made to our lending criteria. Here are the highlights Below is a summary of the changes made: A first for second incomes – we can now use 100% of income from second jobs, where it has been received for at least 12 […]

In completing a product switch, we acknowledge the time-consuming work that intermediaries undertake in reviewing their customer’s circumstances and providing advice on suitable solutions. To recognise this, we’re delighted to advise that we’ve taken the decision to increase the procuration fee that we pay for completing a product switch to 0.30%. Customers can now be

Recently we had a broker looking to source a loan for a UK National residing in the USA and working for a leading motor car company… It all began when the client received a generous bonus, sparking the desire to diversify his investments. With an astute eye for potential, he set his sights on the UK

As one of our key partners, we wanted to let you know that we’ve made some changes to our buy-to-let product switch mortgage rates. Aldermore re-launched our buy to let product switch rates at 75% to 85% LTV for individual and company landlords with single residential investment properties, HMOs and multi unit freeholds. Find all

Important underwriting tips to help you get it Right First Time  To prevent any delays to your case, Kensington’s mandated underwriters need the following essential documents upon application: Signed declaration Proof of income; Employed clients: 3 months payslips and P60 OR self-employed clients: latest SA302 and corresponding self-assessment tax overview And, the valuation fee needs

Central Trust have listened to their Broker partners and based on their feedback on how we can develop our product range, and extend our reach in the market, we are pleased to announce that we have launched a 90% LTV product! Stay tuned for more exciting product launches, including regulated bridging, which will be coming soon.

New tiered approach to ICR for BTL and holiday let 125% for basic and nil-rate UK taxpayers 145% for higher-rate and additional-rate UK taxpayers We’re bringing in a new 125% on the stress rate, for basic and nil-rate UK taxpayers. This is because the tax payable is significantly less than the liability payable for higher or

Funding Circle  share some frequent trends from Q1.    CCJs CCJs do not always show on the borrower’s TransUnion credit report when we complete our pre offer credit checks. We also carry out verification at the KYC stage which can identify a CCJ. I would strongly advise you to ask the client if they or

Please see below a snippet from one of our latest thought leaderships: Landlords ‘planning to purchase’ jumps from 3% to 11% For some time, there has been a widely-held opinion that a significant number of landlords are seeking to make their exit from the private rental sector (PRS), forced out by higher rates, greater costs

Tandem are famous for 90% LTV. I have attached our product guide for everyone’s benefit, but we consider 90% LTV on all the following: Adverse – 1 CCJ & 1 Default can be registered per applicant in the last 24 months, unsatisfied, and we can still get to 90% LTV (0 in the last 3