ALL LENDER UPDATES

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

As of today, Thursday 27th October, Foundation Home Loans have made changes to their buy-to-let products for purchase and remortgage. The New Buy to Let Range Includes: 2-year ERC-free Discounted Variable rate buy to let products starting at 5.99% 5-year Fixed rates across the F1-F3 tiers 5 year fixed Green ABC+ with one free valuation

With effect from close of business, Monday, October 31st, TML will be withdrawing their full residential Help to Buy product range due to the scheme closure. This would be the deadline for submission of any full mortgage applications. This is the only change to residential products, but an updated Products Rates & Fees files is

The way that Foundation Home Loans calculate rental cover for applications with products with an initial rate less than 5 years has changed. Rental cover requirements for applications on 5-year products have not changed; these are still calculated these at the pay rate. However, for short-term rates such as two-year fixes and two-year discounts, the

On Wednesday 26th October 2022 at 5:30 pm Foundation Home Loans will be withdrawing all buy-to-let rates and replacing them with a new range on Thursday 27th October 2022. Any DIPs on the current products will need to be submitted by 5.30 pm on Wednesday the 26th of October, which will secure the product for

As of today, Tuesday 25th October, Foundation Home Loans have made changes to their residential products for purchase and remortgage. The new residential range includes: 2-year ERC-FREE Discounted variable rate residential products starting at 5.99% 2-year and 5-year Fixed rates across the F1-F4 tiers Fee-assisted 5-year fixed rates at 75% LTV Professionals and Residential Green

You can now offer your clients a new, lower-rate Buy-to-Let option as LendInvest continue to offer solutions to the current challenging market. For a limited time only, your landlord clients can benefit from long-term stability for their properties at a lower cost. Here is what you need to know: Rates start from 6.54% Four new

Today Suffolk Building Society has launched new products, bringing you options for residential, buy to let and holiday let up to 80% LTV, including for expat clients. These join their existing deals for expat residential and self-build. You’ll find an overview of the new products below, and full details on all available deals can be

On the morning of the 25th of October 2022, Foundation Home Loans will: Withdraw all 45 Owner Occupier products Relaunch 32 of the 45 With updated rates Some products which currently come with 1 free valuation will have this feature removed See the attachment below for more information: FHL Update – 25 Oct 22