ALL LENDER UPDATES

Backing your Landlords Did you know that we are the authority on when Buy-to-Let is back? Because, realistically, Buy-to-Let is only worth it when we’re making it simple and backing your landlords with products that get them back into the market. That’s what our new range is for: Fixed rates starting from 5.54% 40bps off […]

At 5:30pm on Monday 31st July 2023 we will be withdrawing our Special Edition Buy to Let and Owner-Occupied products, which will then be replaced on Tuesday morning, 1st August. Any DIPs on the current products must be submitted by 5:30pm on Monday 31st July 2023 and converted to a full FMA and submitted before

Coventry for intermediaries has reduced 2 and 5 year Fixed Rates, for Residential and Buy to Let new business applications. Residential rates are reducing by 22-54bps and Buy to Let rates are reducing by 39-74bps. Residential rates at 80% LTV are also being reintroduced into the product range. Highlights include: 6.23% 2 year Fixed Rate

According to our last Specialist Lending Study, in partnership with YouGov, 71% of UK adults are worried about their financial situation due to the crisis, and 81% believe it will be harder to secure a mortgage in the current economic climate.  Recent research from Which? in May revealed that 7.3% of households (equivalent to two million households) missed or defaulted on at least one

See attached latest Aldermore product guide – this now includes a number of Limited Edition products Remember you can secure these deals by submitting a DIP and once you it accepted, you have secured the rate for 10 days. Our options include No Fee, Fixed Fee, Percentage Fee to help accommodate more client needs and

In preparation for a partial range relaunch on Tuesday 1st August, many of our products are being withdrawn from 6.00pm on Monday 31st July. Transition arrangements New Business Decisions in Principle, with product selected must have been completed by 6.00pm on Monday 31st July. For any cases currently in the pipeline, all mandatory docs must

Foundation Home Loans – Rate Reductions of up to 0.60% Across Btl And Up To 0.85% Across Residential. As of today, Thursday 27th July, Foundation Home Loans have refreshed their BTL and owner occupied core ranges. Refreshed buy to let rates include: Fixed rates reduced by up to 0.60%, now starting from 6.84% F1 Green

Within this fast-moving market, we are committed to reviewing our products at pace to ensure we continue to offer you a competitive range. With this in mind, we are pleased to confirm we are taking advantage of some recent changes in the funding markets by reducing rates on a wide range of products across our

On Thursday 27th July, within our retention mortgage range, we’re withdrawing 75%, 85% and 90% LTV bands and relaunching with a 0-95% LTV product with the below rate reductions: 2-year reduced by 0.25% 3-year reduced by 0.30% 5-year reduced by 0.40%. New products will be live on MSO at 8am 27th July, along with our rate

Coventry for intermediaries is updating their Residential affordability calculator. They are also increasing the reference rate for Portfolio Landlords, the whole portfolio will need to be stressed at 6.5%. Changes will come into effect on Friday 28 July. To secure your client’s application using their current affordability calculator, or current portfolio reference rate, a full