At Mercantile Trust, we allow up to 4 applicants per loan — making it easier for your clients to pool resources, boost affordability, and expand their property ambitions together. Whether they’re financing multiple buy-to-let properties or using bridging finance for short-term opportunities, we’re here to help you and your clients move forward with speed, clarity, […]

Since launching MSO, Coventry for intermediaries have been busy making improvements to its capabilities.  And from today, all new customer (residential and BTL) mortgage business should be submitted through the platform. This means brokers should no longer submit new cases using the ‘existing customer business’ system If they do, it’ll be cancelled and need to

We’ve reduced our affordability stress rate across our Resi, Resi Retire and RIO product ranges to support more customers onto the property ladder  What’s changing? As we’re in a rate reducing environment, we’ve reduced our affordability stress testing and eased the calculations to help more borrowers achieve their mortgage aspirations. How will that help your clients? The change will unlock nearly

Co-operative bank are delighted to confirm that yesterday they implemented the first of many changes on some key criteria as a direct result of broker feedback.  Details below but everything is now live on the website and all our teams have been advised for processing. Increase to 95% LTV on second hand flats – was 90%

Demand for new-builds is clearly there and looking ahead, it may only rise from here. The latest New-Build Demand Index revealed almost a fifth of all new homes listed for sale across the market in Q1 had found a buyer, similar results compared to the year prior according to Ceres Property. But, in major cities,

We’ve cut our product transfers by up to 0.35%, with rates now from just 4.24%. You’ll find lower rates across our entire residential and buy to let product transfer range, which could help customers approaching the end of their fixed-term deals. Buy to let product transfers Rates from 4.24% (reduced by 0.10%) Reductions on 1,

Plus reduced rates for product transfers Buy to let rates now from just 3.49% We’ve lowered rates across all existing limited edition buy to let products, with 2-year fixed reduced by 0.20%, and 5-year fixed reduced by 0.10%. These are suitable for both HMO and non-HMO cases with a new minimum loan size of £100k.

As economic uncertainty lingers, more borrowers are facing tough decisions as their fixed-rate mortgage deals come to an end. Do they lock in a longer-term fix for security, or hold out for future rate cuts with a tracker or shorter-term deal? In my latest blog, I explore the current landscape – from rising costs and slower-than-expected

Commercial Trading is here! Representing an exciting enhancement to our Commercial Mortgages offering, the new Shawbrook Commercial Trading product supports small businesses looking to refinance or purchase the premises they trade from – or raise funds for business expansion – with straight-forward commercial mortgages available on interest-only, up to £1.25m. Keeping things simple and specialist