ALL LENDER UPDATES

West One Second Charge Product Update – SVR Reduction Notification

Following the announcement by the Bank of England of a reduction in interest rates, we will be reducing our standard variable rate by 0.25%. Standard Variable Rate Reduction Our standard variable rate will reduce from 5.25% to 5.00% with immediate effect. Our reduced SVR tracker products will be available for selection in our broker portal. […]

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LiveMore Have Lowered Minimum Equity

We’ve lowered the minimum equity required on our standard interest-only mortgages by up to £91,500! This means your clients can now access larger loans. Our new Minimum Equity requirements fall into four bands: Two examples of how your clients could benefit… For any questions please get in touch: 020 4525 7754 sales@livemoremortgages.com contact your local business development

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The sky’s the limit with Zephyr’s enhanced portfolio service

Zephyr has enhanced its BTL portfolio service. There is now no limit on the total portfolio loan amount (over £5m assessed on a case-by-case basis), only one £200 application if all properties are submitted within 6 weeks, and a bespoke service which includes a dedicated underwriter. Find out more and get contact details here: www.zephyrhomeloans.co.uk

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West One | New Streamlined Underwriting Requirements For Residential Mortgages

To improve the customer journey, we are introducing some positive changes to our application process with immediate effect to streamline our underwriting requirements: Rent References – Private Landlords We can now accept a signed letter or email from private landlords alongside filtered bank statements to evidence the last 3 months’ rental payments. We ask that

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Thought Leadership from Foundation

In our Q3 2024 BTL barometer, brought to you in conjunction with the Pegasus Insight Landlord Trends research report, we evaluate the trends which are impacting your landlord clients and how their portfolios are currently shaping up. The latest data shows that around half of NRLA members have been operating as a landlord for over 20

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