ALL LENDER UPDATES

Important news from TSB: Changes to Residential and Buy to Let products

They have reduced their rates and removed several premiums to be more competitive in this challenging economic environment. They have also simplified their pricing and LTV process to ensure a smooth journey for their customers.

As the UK assess the costs for the damage caused following the recent storms (Dudley, Eunice and Franklin). Paymentshield have explored their past data that shows the average pay-out for a storm damage home insurance claim has almost doubled in the past five years.

If your customer has a less than perfect credit profile, they may still be eligible for a product from their Core Range – subject to application score and full assessment.

They wanted to let you know more about their new Key Worker proposition that they’ve recently launched on their Residential range.

TSB is increasing the maximum loan available on 90% to 95% LTV residential mortgages from £500,000 to £570,000.

Interbay know it can sometimes be difficult for commercial clients to find the right rental property that fits their business needs. All too often the rent’s expensive, it’s the wrong size or it’s in an unsuitable location.

Redwood Bank are now entering the final month of the first quarter of 2022 and they want to take this opportunity to update you on some further positive changes to their lending criteria.

Aldermore are delighted to let you know that they are reducing rates across their 2 and 5 year fixed products for individual and company landlords with single residential properties. 

The Family Building Society’s Buy to Let Limited Company mortgages are now available to landlords with any amount of properties per company. This means no matter how many properties your client has, they may be able to help.