ALL LENDER UPDATES

Top Tip Tuesday Talks Residential Flat Purchase at 95% ltv We do not take ground rent or services charges as a monthly outgoing when assessing affordability. Maximum ground rent cannot exceed 0.1% of the property value or £500 per year (whichever was higher) and must remain reasonable at all times during the lease, the lease […]

Gen H launch conveyancing firm Gen H Legal for first-of-its-kind lender-conveyancer duo Gen H are setting a new standard for lending and conveyancing in the UK mortgage market with a first-of-its-kind seamless, end-to-end homebuying service LONDON, 5 April 2023 –– Gen H have made Gen H Legal, their conveyancing arm, widely available to all direct

Special Edition Five-year fixed rates…with an ERC twist! Landbay have launched a new set of Special Edition five-year fixed rate mortgage products with rates starting at 4.99%. The new range provides price certainty with combined flexibility as there are only three years of early repayment charges (ERC). This means the borrower can redeem the mortgage in

Virgin Money:  Initial Assessment:- 2 days Correspondence & Valuations:– 1 days to assess documents and 1 day to assess valuations Speed to Offer:–  11 days Calls:–  81% answered & Webchat 97% answered. Average wait time 14;21. Policy Exceptions:– 3 days New adviser registrations:- 12days Product Transfers – Offers 4 days; Correspondence 2 days; Underwriting 2

Applies to: Buy to Let New Business Accord have changed their rental calculation requirements for your Landlord clients by reducing our ICR Rates. What’s changing? Interest Coverage Ratio Rates (ICR Rates) reductions Where your client is capital raising: Product term < 5 years – 6.5% (previously 7.5%) or product rate +2% (whichever is higher) Product term >=

Together have seen an increase in demand for second charge loans to purchase second homes, overseas holiday homes, and funds for significant property refurbishment. How can Together support with your large second charge loans? In response to this growing demand, I am pleased to share with you our criteria for large second charge loans: Loans

Precise announced that we will be refreshing our popular Limited Edition Buy-to-let products in Precise Mortgages.  This range is not to be missed with rates starting from 4.79% that are available to landlords looking to purchase or remortgage properties. Highlights of the new Limited Edition Buy to Let range include: New 2 and 5 year fixed rates for purchase and

What’s better than one refurbishment finance product? Another refurbishment product! This one however is based on GDV –  complimenting our bridging offer and supporting those that don’t quite fit in our development finance option. Crikey, that was a lot for an intro line, wasn’t it? Our new Refurbishment GDV product is designed for your investor clients looking

Castle Trust new BTL refurb product. This can help clients who have acquired a BTL but needs a refurb before becomes habitable This means they can go into a term loan from day 1 without the need to bridge. It also gives them access to fixed rates. Refresh to let your BTL (ddlnk.net)  

Has the state of the market resulted in a decline of mortgage cases you’ve been receiving? Or have your clients been worried about remortgaging due to the increase to their mortgage interest rates? We can help you and your clients get an offer on their buy-to-let mortgage in just 24 hours, with our new product