Vida have made changes to their Residential and Buy-to-Let products. Key changes include: RESIDENTIAL Cheapest rate 6.39% Reduced 2-year and 5-year fixed rate products Reduced 2-year variable rate products, cheapest rate 6.29% 70% and 80% LTV options across tiers Vida 48 – Vida 6 £995 product fee that can be added to the loan above […]
Vida Rate Changes for Residential and Buy-to-Let Products Read More »
The Financial Conduct Authority (FCA) have published numerous articles in the past stating advertisements should be clear, fair and not misleading. More recently though they have released a warning to Lenders and Brokers to stop using misleading terms in their advertising or face regulatory action. The statement they produced is aimed at those promoting credit,
FCA warns to stop using misleading terms in advertising or face regulatory action! Read More »
We have recently updated some of the Compliance File Review Process to provide more information and clarity. You may recall seeing the tab called ‘compliance’ in each case on OMS. This tab has been recently revamped so that it mirrors the checks that the compliance T&C team are completing when they review your files. Where
Compliance File Review Process Read More »
In the last 2 months Aspen have completed £30m of deals across 30 cases, with 50% of these completed within 20 days. They completed 12 on No Val, 8 on Refurb / Light Dev, the rest on Bridge to Let, Semi Commercial & Purchases. These included rates as low as 0.74% flat and 0.44% stepped,
Aspen Bridging Christmas Special Read More »
Buckinghamshire Building Society are constantly looking at ways to enhance and improve our mortgage range. Following feedback from their broker community, they have launched two new specialist fixed rate products. Firstly, they have a 2-year fixed rate holiday let product, which is available for both purchase and remortgage cases for properties across England and Wales.
Buckinghamshire Building Society Launch New Ex-Pat BTL & Holiday Let Products Read More »
Is your client in need of a Light or Heavy Refurbishment? We’ve updated our Bridging proposition to provide them with even more flexibility. Castle Trust Bank are now offering up to 80% LTV Net on our Light and Heavy Refurbishment products, helping to maximise the amount your client can borrow. Fees and interest will then be
Castle Trust Bank Updated Bridging Proposition – Now Offering up to 80% LTV Net Read More »
Together change maximum loan sizes, which comes into effect immediately. Please note the pipeline cut of dates. New maximum loan We are reducing the maximum loan size available on our Variable Rate Produce to £200k across 1st Charge products and £150k for 2nd Charge products. Pipeline All pipeline cases which are currently above the new
Together change maximum loan sizes, Read More »
New Lender on Panel Jon Sturgess, Business Development Manager from StrideUp will join Kevin at next week’s Kick Off Meeting at 9.30am Monday 12th December. Join us to understand how the StrideUp’s Home Purchase Plan can be a solution to overcome some affordability issues. Key features: Up to 6.5x finance-to-income Maximise first-time buyer affordability Up to 40
Kick-Off the Week with StrideUp, Monday 12th December 9.30am-10.15am Read More »
Together has a change to their maximum loan sizes, which comes into effect from the morning of 1st December 2022. New maximum loan They are reducing the maximum loan size available on their Variable Rate Products to £200k across 1st Charge products and £150k for 2nd Charge products. Pipeline All pipeline cases which are currently
Together – New Maximum Loan Size Read More »
Fleet Mortgages making some changes to their products which will come into effect at 09:00 on Wednesday 30th November 2022. Please find a summary of the key changes below: They will be reducing the rates on our 65% and 75% Fixed Rate Products by 20bps Their Tracker Products will remain unchanged They will send you
Fleet Mortgages – Product Changes Read More »
