ALL LENDER UPDATES

Virgin Money have Liberated LTI’s

Here’s some great news about our LTIs: we’re removing our interest-only cap, so the repayment method doesn’t feature in our LTIs anymore. That’s good for your customers, because it means more will get the loan amounts they need – and it’s good for you, because it could mean you’re able to help more customers. This […]

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MPowered NEW foreign nationals criteria!

Have you heard? MPowered have  launched brand new foreign nationals criteria, making mortgages accessible for more people than ever! Here are the highlights:  Considered up to 90% LTV*  No minimum income required  We won’t request a minimum time in the UK** Check out our criteria page and keep posted – there’s plenty more updates to come!   

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Family BS Rate Reductions Incoming!!!

NEW PRODUCTS AND PRODUCT CHANGES LAUNCHING ON TUESDAY 23 JANUARY  Owner Occupier: Capital & Interest Repayment Fixed Rates: 60bps reductions to Core 2-year fixed rates, 65bps reduction to JBSP 2-year fixed. 55bps reductions to Core and Family Mortgage 5-year fixed rates. 60bps reduction to JBSP.  Discount Rates: Offset rates reduced by 30bps (level of discount increased

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Interbay – New Range of Commercial and Semi-Commercial Products Available via Select Brokers Only

Take a look at Interbay’s new range of commercial and semi-commercial products.  Please note this new range of products is only  available to Select Brokers only NEW Commercial Rates now from 7.09% Product arrangement fees from 2% No maximum loan or property value Minimum loan £350,000 Owner occupier and investment cases accepted NEW Semi-commercial Rates

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Aldermore New Mortgage Rates

Lower rates, new products and improved mortgage range – from Tuesday, 16 January 2024 We’re reducing rates across our mortgage range, introducing new residential owner occupied 95% LTV rates and improving our additional borrowing maximum LTV on remortgages – helping more of your clients find a solution to their home ownership dreams. Residential owner occupied Reduced rates across our standard level

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Pepper Money – One in two people who miss payments on unsecured credit go on to default

Pepper have started 2024 as they hoped to continue by lowering rates by up to 0.98% to enhance their offering, which is believed will allow Connect Mortgage’s registered advisers to help more customers.   Customers are central to what we do, and as a result we would like to share further insights on the types of

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West One How to bridge the chain break for residential borrowers

With one in three property transactions being affected by ‘chain breaks’, can bridging loans provide a solution to ‘bridge the gap’ between transactions? In the event of a property chain collapse, a bridging loan offers a solution that allows parties to proceed with the purchase. This involves securing a bridging loan against the property, with

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