ALL LENDER UPDATES

With effect from 5.30pm on Tuesday 20 June 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 Tuesday 20 June 2023. Any cases outside of these timeframes will not be accepted. […]

High street banks and mortgage lenders continue to increase their rates in response to a rise in swap rates. At Molo, we regularly review our pricing structure and will be make changes across our buy-to-let 5 year fixed rate products in line with current market conditions. This decision was not made lightly, but in response

Product Guide          

Due to market volatility, we have made the decision to reduce the offer deadline from 6 weeks to 4 weeks from any DIPs that were generated on the portal between 30th May and 15th June. This means that those cases must be at offer stage, including having valuation reports returned, by close of business on Thursday

Please see attached guides for our recently launched Landbay Loyalty remortgage proposition with a proc fee of 0.35% (please update your proc fee lists where appropriate) and our new like-for-like proposition which is subject to standard procs. We will also be launching 6 new 2-year fixed-rate products with a 5% arrangement fee on Monday. If you

Did you know here at West One we can help assist your BTL portfolio clients. We can help with the following:- Up to £7.5m lending per borrower 20+ units at 100% exposure We don’t stress background properties Speed of service Certainty of funds Quick uw process Can make use of Fastrack mortgage process also We are making

Over the last decade, the number of new-build properties in the UK has increased significantly. New builds feature many selling points, from modern designs and five-star amenities to new appliances and lower maintenance costs. In fact, tenants often seek out newer buildings, and this has seen a rise in the number of investors considering new-build

Supporting those who work extra hours to support themselves Are you seeing an increase in customers with second jobs? A report by Royal London revealed that 5.2 million workers had taken an additional job to help pay for rising costs. Furthermore, 30% of UK people would take another job if this continues. Paul Adams Sales Director at Pepper Money The cost-of-living

A new Limited Company Buy to Let option is landing Great news! Our brand-new Limited Company Buy to Let option is coming soon.   An easier way to place business To make sure you get a better Limited Company Buy to Let experience, we’re launching Mortgage Extra, our brand-new, purpose-built platform for placing business. To help track applications, Mortgage Extra comes with a case

As a reminder, here’s what’s changing:  At 8am Friday 16th June, we’re increasing our Prime remortgage, purchase, retention and further advance rates across all LTV bands, with increases ranging from 0.25% to 0.60%. We are also reducing rates on two Near Prime 85% LTV products (2 and 5 Year) and withdrawing our fee-free 2 year