ALL LENDER UPDATES

Accord are withdrawing products across their Accord residential new business range on Tuesday 10th May at 8pm, new products will be available on Wednesday 11th May from 9am.

We’ve decreased our Buy to Let (BTL) stress rate from 5.5% to 4.5%. The changes apply to purchase and re-mortgage with capital raising borrowers, who want to fix their mortgage for 5+ years.

We are delighted to advise that the Bank is reducing interest margins in both Residential and Commercial products (including Mixed-use), with immediate effect, for New to Bank proposals.

Bridging Loans and BTL

By combining the Bridge with a guaranteed Term loan through our Bridge to Let facility, your client can have flexibility AND certainty for their Development Exit.

We are pleased to announce three changes we have made recently to make it even easier for you to offer value to your landlord clients purchasing or remortgaging specialist properties.

As of close of business today Kensington will be withdrawing all Residential and BTL Specials.

The new products are the first Shariah Compliant green home finance products to be launched and will support our position as an ethical bank and commitment to the UN Principles for Responsible Banking,

From 29 April, TSB has made changes to Residential product range.

Paul Flude, Business Development Manager from CHL joins Kevin at next week’s Kick Off Meeting at 9.30am Tuesday 3rd May to discuss their expanded product suite and criteria changes as they expand into the complex multi- unit/tenanted buy to let market