ALL LENDER UPDATES

This range of semi-commercial mortgages are for properties with combined Residential and Commercial use. Semi-commercial mortgages by Foundation are currently only available via BTL Specialist partners and selected Packagers. Contact Our Packaging Team Today 01708 676 135 | Packaging@connectbrokers.co.uk

With effect from Wednesday 15th November, we’ll be making a number of changes to our residential and Buy to Let (BTL) mortgage product ranges. Summary of changes: Existing residential customer switching / borrowing more 2 Year Fixed Fee Saver at 80%, 85% and 90% LTV decreasing 2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%,

At Zephyr, we have just launched a NEW range of 2 Year Fixed Rates and also REDUCED the rates on our 5 Year Fixed products. Our Lifetime Trackers with no ERCs are still available. If you display our product guide or have a URL link to it on your systems, please can you update it to this: Product-guide-10-11-23-FINAL.pdf (zephyrhomeloans.co.uk). Sourcing

As of today, Friday 10th November, Foundation Home Loans have improved our BTL and owner-occupied Special rates by up to 0.40%, and they have launched a new 7 year Fixed rate for Buy to Lets. Changes to buy to let rates include: Reduced F1 2 and 5 year limited edition products up to 75% LTV

From today, Thursday 9 November, our overall portfolio stress is increasing to 125% cover at 6.5% (from 6%). We will continue to make pragmatic lending decisions based on the overall merits of an application, but have made this adjustment to reflect higher mortgage interest rates for landlords in the current environment. Product Guide  Lending Criteria Website

Great news, we’re reducing rates on our High LTV (XLTV) products. We’re pleased to announce further rate reductions, this time across our XTLV range (>85% to <100% LTV), including both our fixed and variable products. This change has been designed to help those customers with lower amounts of equity built up in their property or those

On Thursday 9th November 2023 at 5:30pm we will be withdrawing our BTL and Residential Specials products, as well as our BTL Limited Edition products and selected 2 year core BTL rates, to be replaced the next day. Any DIPs on the current products will need to be submitted by 5.30pm on Thursday 9th November

Selected 5 year BTL products to be withdrawn at the close of business Thursday 9th November. In advance of a reprice, a selection of our Vida 36, 5 year 75% LTV BTL products are to be withdrawn from 6.00pm on Thursday 9th November. For any cases currently in the pipeline, all mandatory docs must have

NEW Key Worker Products Launched Reliance Bank Ltd are excited to announce the launch of our NEW Key Worker Mortgage Products to both the Intermediary market and Direct Channel. The Key updates are as follows: 2 year fixed of 4.99% fixed until 28th February 2026 (Product Code W C) This is available up to a maximum 75% LTV and has a product fee of

Gen H has announced further rate reductions of up to 26 bps. This is the lender’s third set of rate reductions in 9 working days. The most recent cuts are between 17 and 26 bps across their 2-, 3- and 5-year products. The new rates are already live for both broker and direct customers, and