ALL LENDER UPDATES

As of Thursday 15th February, Foundation Home Loans have improved affordability for shorter term buy-to-let products by lowering their notional stress rate from ‘the higher of 8% or pay rate+2%’ to ‘the higher of 6% or pay rate+2%’ (Fixed rates of 5 or more years continue to be calculated at the pay rate). Foundation Home Loans now […]

With our latest products and criteria, there’s a whole lot to love. Let’s see what you can couple your client up with… For first-time buyers Is their first home love at first sight? We’ve made it easy to secure the property they’ve set their eyes on. We can accept gifted deposits and have cashback options

Reliance Bank Ltd are excited to announce the launch of our NEW Shared Ownership Mortgage Product Range to both the Intermediary market and Direct Channel with rate reductions across the board. Product  Name Term LTV % Fee or No Fee Old Rate (Jan 2024) New Rate (Feb 2024) Amount of Reduction £ Cash back Shared Ownership

On Tuesday 13th February at 5:30pm we will be withdrawing our core range 2 year fixed rate residential products. Our 2 year fixed Specials and all 5 year fixed products will continue to be available.  Any DIPs on the current products will need to be submitted by 5.30pm on Tuesday 13th February which will secure

YBS Commercial Mortgages is delighted to be launching ICR Boost, designed to help professional portfolio landlords with good quality, low yielding properties access affordable finance. This new product is exclusively available to you as one of our top performing broker partners. What is ICR Boost? ICR Boost allows borrowers to use surplus income from their

Turning Dreams into Keys: An Affordability Success Story  Did you know that Metro Bank have a range of solutions to help your customer with their affordability?  Meet Clive & Sandra Clive and Sandra, both 68 years old and retired, have lived in their home for 27 years. They currently have an interest only mortgage with

Complex cases require specialist expertise. That’s why our relationship- banking approach ensures we get to the heart of your client’s property ambitions, to deliver a finance solution that supports their unique needs. Take a recent £20m Buy-to-Let mortgage that we completed alongside Business Finance 1st Limited. The professional client wished to refinance their portfolio with a

Please see below a snippet from one of our latest thought leaderships.  Record number of Limited Companies – How does your advice evolve? The fact that 2023 saw a record number of buy-to-let companies being set up is likely to come as no surprise to intermediary firms who have had any landlord interaction over the

Fleet are pleased to announce that we’re launching a set of limited edition, 5-year fixed-rate products with zero completion fees across our three core ranges: Standard, Limited Company and HMO/Multi-Unit Block (MUFB). The new limited edition products will go live at 09.00am on Friday 9th February 2024. Please find below further details of our updated products:

Now includes conversions to a HMO of up to 10 lettable rooms. Bridging finance offers flexible, short-term borrowing solutions. And now we’re pleased to introduce further enhancements to our Tier 2 refurbishment range. Tier 2 refurbishment now includes: NEW Conversions to a HMO of up to 10 lettable rooms NEW Conversion of a commercial unit