News
Clydesdale cuts PT rates; Principality BS makes cuts and increases – round-up
3+ day, 10+ hour ago (343+ words) The latest additions to its product transfer offering include two- and five-year fixed rates at 65% and 75% loan to value (LTV), with a £1,999 fee. Rates start from 4.27% for a two-year fix at 65% LTV, while the 75% LTV option is priced at 4.42%. Elsewhere,…...
Pluto Finance relaunches bridging proposition with dedicated focus on £1m-10m loans
4+ day, 8+ hour ago (287+ words) It has introduced a dedicated team focused on transactions between £1m and £10m. Pluto Finance said the relaunch is designed to broaden brokers’ understanding of the firm’s appetite and expertise. Service improvements were also announced, designed to help brokers move deals through…...
Not all adverse credit is equal – and brokers are having to prove it
1+ week, 3+ hour ago (701+ words) In early June, the Financial Conduct Authority (FCA) suggested that lenders should assess affordability according to a borrower’s existing financial health, rather than excluding individuals based on minor or past credit history issues. This comes as demand for near prime…...
West Brom BS reduces rates by up to 0.18%
1+ week, 3+ day ago (209+ words) At 90% loan to value (LTV), its two-year fixed purchase mortgage with no fee has been lowered to 4.77%, reduced from 4.95%. The society’s two-year fixed mortgage at 90% LTV with a £999 fee has been reduced to 4.64%, down from 4.73%. At 95% LTV, the West Brom…...
Shawbrook increases maximum LTV on commercial bridging
1+ week, 4+ day ago (162+ words) The increased LTV gives brokers greater flexibility to support clients needing higher levels of funding for purchases or refurbishments. It builds on the recent developments of Shawbrook’s bridging proposition, which has included higher day-one LTVs up to 90% for refurbishment projects....
Accord, Coventry BS and Foundation cut BTL rates – round-up
1+ week, 5+ day ago (531+ words) Accord Mortgages’ cuts apply on all five-year fixes up to 75% loan to value (LTV). The new rates come into effect on 9 July. Jeremy Duncombe, managing director for Accord Mortgages, said: “We’re so pleased to take this opportunity to improve the…...
Foundation relaunches pound-for-pound remos and cuts PT rates
2+ week, 4+ day ago (262+ words) The two-year fixed pound-for-pound remortgage is available at 75% loan to value (LTV) at a rate of 3.99% with a 4% fee. It has a free standard valuation and no application dee. The interest coverage ratio (ICR) is assessed at 125% for all applicants,…...
Brokers should challenge lenders to find solutions for borrowers – Aldermore video
2+ week, 6+ day ago (360+ words) During Aldermore’s Mortgage Market Insight, in collaboration with Mortgage Solutions, Jon Cooper, director of property distribution at Aldermore, said that over the years lenders had brought out high-loan-to-value (LTV) options, appetite had increased and there were more opportunities for borrowers…...
NatWest cuts rates again across selected ranges; Newbury BS announces mortgage rate cuts – round-up
2+ week, 6+ day ago (519+ words) The two-year fixed 90% LTV product with a £995 fee has dropped by 10 basis points (bps) from 4.89% to 4.79%. This reflects a move to secure lower-deposit new business. Its two-year fixed remortgage at 75% LTV was cut by 31bps, from 5.15% down to 4.84%, for both standard…...
Just Mortgages marks 10th anniversary of self-employed division
2+ week, 6+ day ago (376+ words) It was originally created to give mortgage advisers the freedom to run their own business with the backing of an established national brokerage. Just Mortgages said the division has grown steadily over the past decade and remains a key part…...