Nationwide ups LTI to 6.5 on like-for-like remortgages - Your Money
WEBMay 12, 2022 — Nationwide Building Society has increased its maximum loan to income (LTI) limit to 6.5 times income for customers remortgaging on a like-for-like basis. This has risen from 4.49 times income and is available up to 90 per cent loan to value (LTV). The product is aimed at borrowers who want a better rate …
Nationwide raises Helping Hand minimum income and increases …
WEBMar 14, 2022 — Nationwide has increased the minimum income for its Helping Hand mortgage and has upped rates for select new and existing business products. For sole applicant borrowers, the minimum income to be eligible for its Helping Hand mortgage is now £37,000 and for joint applicants this is £55,000. All sources of income, barring self-employed income ...
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WEBAlmost a third of brokers see more new-build incentives from housebuilders – poll results. Gen H launches with Quilter. Principality BS to offer higher LTI to first-time buyers. The only quality financial trade website committed to mortgage and protection advisers. More exclusive news and analysis from the top mortgage journalists.
Atom Bank issues same-day mortgage offer on a fifth of cases
WEBNov 15, 2023 — Atom Bank has approved a fifth of mortgage applications on the same day in the last four months, it has claimed. The lender said a third of applications submitted had received an offer the same or the next day, while more than half were supported with either an automated valuation model (AVM) or automated income verification (AIV).
Tandem added to Sourcing Brain and Criteria Brain - Mortgage …
WEBSep 26, 2022 — Digital bank Tandem has launched its residential mortgages on Sourcing Brain and Criteria Brain platforms. This means that users of the cloud-based tools from Mortgage Brain will have access to Tandem range of products including standard and greener mortgages, as well as remortgages. Richard Angell, Tandem’s head of sales and head of national ...
Mint Bridging rebrands ahead of product and lending expansion
WEBMar 2, 2021 — Mint Bridging has relaunched as Mint Property Finance as it sets out to grow its loan book to £250m and expand into new sectors. The lender said its “ambitious” three-year strategy will see it bring out a suite of new products in the coming months, with a move towards regulated mortgages expected as well. “The time is right to launch a ...
SBI UK launches BTL deals - Mortgage Solutions
WEBSep 20, 2023 — The State Bank of India has launched a new range of buy-to-let fixed rates for standard and specialist products, with a five per cent arrangement fee option. In a note to brokers, highlights of the range include two-year fixed rates up to 70 per cent loan to value (LTV) with standard rates from 3.9 per cent and specialist rates from 4.7 per cent.
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WEBLatest. News. Market Harborough BS joins Mortgage Industry Mental Health Charter. News. Remortgage completions drop in August as five-year fixes prove popular – LMS. News. Top 10 most read mortgage broker stories this week – 20/09/2024. News. DIFF podcast: The D&I work in the mortgage sector is ‘one of the most enjoyable aspects’.
Aviva to give new equity release borrowers choice of fixed or gilt ...
WEBOct 25, 2021 — Aviva has confirmed that new equity release customers will be able to select whether their equity release product has early repayment charges (ERC) based on gilts or a select fixed percentage charge. This follows criticisms made by former Financial Conduct Authority mortgage manager Lynda Blackwell who …
Mortgage Magic launches back-office system for brokers
WEBAug 3, 2022 — The Prometheus back-office system features a built-in CRM system, E-ID verification, direct messaging and secure UK-based document storage that complies with GDPR. It also allows company owners to manage and monitor business activities. Tanjir Sugar, director at Mortgage Magic (pictured), said: “Mortgage Magic provides brokers with a ...