ALL LENDER UPDATES

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. […]

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

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 The current range will be withdrawn at 8pm Wednesday 5 July and the new range will be available at 8am Thursday 6 July.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

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

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,

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%

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

As of the morning of the 6th July 2023 Foundation Home Loans will withdraw it’s Specials range for both Buy to Let & Owner Occupier. Shortcode Description/Code 23F1A24039 BTL-F1 Special 6.49% – 2 year fixed 65% LTV 1% fee – 1 free val (23F1A24039) 23F1B24039 LLC BTL-F1 Special 6.49% – 2 year fixed 65% LTV 1%

You will be aware that the Bank of England has raised the base interest rate for the thirteenth consecutive time by 0.50bps to 5.0%. After evaluating the current market conditions, we’ve decided to adjust our pricing range in response to external economic factors. Key Highlights: New Rates effective from Tuesday 4th July Reductions across all 2-year

Today we have upgraded our underwriting platform to automate parts of the mortgage application to reduce processing times. Our system will now issue application-specific reference requirements after submitting a new case. Intermediary partners will now be able to supply key documents quickly and have faster outcomes. On this basis and concerning continued market volatility from the