ALL LENDER UPDATES

Selina Finance updated the following products from 1st November 2022. On Tuesday, 1st November, they started accepting new enquiries and applications on their variable rate Home Equity Line of Credit (HELOC) via the Advice+ channel. Selina will offer a variable-rate HELOC that is accessible to individuals/business owners, who are pleased to confirm that they have […]

Fleet Mortgages is Making Some Changes to Their Tracker Products. As they are sure you will already be aware, the Bank of England is likely to announce an increase to BBR on Thursday 3rd November. As a result of this widely anticipated increase, they will be withdrawing all of their Tracker products at 5pm on Thursday

Landbay has launched a new range of one and two-year fixed-rate products. These are available for both standard properties and small HMOs and MUFBs. These now sit alongside their term tracker products. View Products Standard 1 year fixed 4.59% 75% LTV 2% fee Standard 2 year fixed 5.09% 75% LTV 2.5% fee BTL Calculator –

Fleet Mortgages is Making Some Important Changes to The Way They Underwrite Portfolio Landlord Cases. New Dedicated Underwriting for Portfolio Landlords from 4th November 2022. They are writing to let you know that with effect from Friday 4th November 2022, Fleet Mortgages is introducing a new dedicated underwriting process for Landlords owning four or more

It is pleased to announce that Molo has now Launched a Holiday Let Product. The Highlights Maximum Loan £2m -Maximum LTV 75%. The applicant must own at least one other Buy to let property or have 12 Months of landlord experience. AVM is Available as per standard BTL. Airbnb accepted. Maximum Bedrooms 6. The property

Precise Mortgages are withdrawing their existing residential and buy to let mortgage ranges. A full new range of products will be available on their website from 9 am on Thursday 3 November. Speak with your business development manager if you have any questions, or call the dedicated support team on 0800 116 4385.

Kent Reliance for Intermediaries wants to let you know that they’re withdrawing their existing buy to let and residential mortgage products from 5pm on Wednesday 2 November. A new range of buy to let and residential products will be available on their website from 9 am on Thursday 3 November. If you have any questions,

Further to The Mortgage Lender email last week regarding, the Help to Buy product withdrawal, please find attached their updated product guides. Their Help to Buy residential product range will be withdrawn to allow applications to proceed and complete in line with the Government Scheme withdrawal deadline. Any cases in the pipeline need to be

Following on from Shawbrook’s recent criteria update, they have had to make some further adjustments to their lending criteria. These changes reflect risk appetite adjustments in the current market, however, they will continue to review these changes as they remain committed to lending to your customers. These changes include: Valuations: Demand for Letting: Rental Demand

Good news to start the week – Octopus’s BTL product is back today. Look below for the new matrix for you to look over with updated rates and appetite. Have any new enquiries you would like them to review? Points to note: Support First-time landlords, First-time buyers, Foreign Nationals (on & offshore) and Ex-Pats. They