16/05/2022 - UTB: BTL Product Update
Following recent increases to the Bank of England Base Rate, UTB has updated interest rates for all of their BTL products.
These new interest rates will take effect from Monday 16 May. UTB will honour their previous interest rates for any applications created prior to this date, regardless of whether they have been DIPd or reached Full Mortgage Application yet, providing they are submitted, fully underwritten and a Mortgage Offer issued on or before 6 June.
BTL Product Update
All current Purchase, Remortgage, Interest Only and Unencumbered criteria and product parameters are unchanged, and interest rates have been updated to:
- 2 year fixed rates from 3.54
- 5 year fixed rates from 3.74
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16/05/2022 - Zephyr Homeloans: Update Notice
On Friday 20th May, Zephyr Homeloans will be launching a new Buy to let 7 years fixed rate for standard products.
Also, on the same day all their existing 2 and 5 year fixed rate deals will increase.
To secure the current rates before they increase, you need to have submitted a full mortgage application by 5 pm on Thursday 19th May.
Call the impact team today on 01403 272625 to find out more.
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16/05/2022 - Bluestone: Reduce Rates
Great news. Bluestone has reduced rates across their entire product range to provide further support to a growing number of customers with complex credit. Rates will be reduced by up to1.57 and will now start from 3.85.
- Applications are underwritten within 24 hours
- Up to 85 LTV
- No lender application fee on all products
Call the impact team today on 01403 272625 to find out more.
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13/05/2022 - Foundation: BTL Product Withdrawal Notice
On Monday 16th May 2022 at 5:30 pm Foundation will be withdrawing all of their Buy to Let products and replacing them with new products.
Any DIPs on the existing product range will need to be submitted by 5:30 pm on Monday 16th May, which will secure the product until Monday 23rd May. The DIP must be converted to a full FMA before 5:30 pm on 23rd May.
DIPs relating to this existing product range, which have no been converted to FMA by 5:30 pm on May 23rd will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.
Call the impact team today on 01430 272625 to find out more.
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13/05/2022 - UTB: RESI and Second Charge Updates
Following the recent increase to the Bank of England Base Rate, United Trust Bank has updated interest rates for all of their Residential Mortgage and Second Charge Loan Products.
These new interest rates will take effect from Monday 16 May. UTB will honour their previous interest rates for any applications created prior to this date, regardless of whether they have been DIPd or reached Full Mortgage Application yet, providing they are submitted, fully underwritten and a Mortgage Offer issued on or before 6 June.
Residential Mortgage Product Update
All current Purchase, Remortgage, Interest Only and Unencumbered criteria and product parameters are unchanged, and interest rates have been updated to:
- 2 year fixed rates from 4.15
- 3 year fixed rates from 4.40
- 5 year fixed rates from 4.55
All current Second Charge criteria and product parameters are unchanged, and interest rates have been updated to:
- BoE Tracker rates from plus 4.20
- 2 year fixed rates from 4.15
- 3 year fixed rates from 4.35
- 5 year fixed rates from 4.65
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13/05/2022 - Precise: New 5 Year fixed BTL rates
Precise Mortgages updated buy to let mortgage range includes 5 year fixed rates starting from 3.29 with fixed 0 pounds and per cent product fee options.
The range also includes options with refunded valuation, maximum 630 and 500 cashback, which could be ideal for landlord customers looking to remortgage.
Product Highlights:
- 2 year fixed rates from 2.79
- 5 year fixed rates from 3.29
- Options for personal ownership and limited company, HMO and limited company HMO landlords
- Loans up to 3million available
- Up to 80 LTV
- Top slicing is available across their entire buy to let product range
- Portfolio landlords: Up to 20 properties to a total value of 10M with Precise, no limit on the number of values held with other lenders
- 5 Year fixed: Affordability assessed at pay rate
- Limited company landlords: No limit on director dependant shareholders under the age of 21
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13/05/2022 - Saffron: Product Withdrawals
Saffron is withdrawing one of their First Time Buyer products and three of their Residential products on Friday, 13th May at 5 pm.
To secure the current product, Saffron will require a Full Mortgage Application submitted by 5 pm on Friday, 13th May.
The following product with be withdrawn:
- First Time Buyer: Initial rate of 2.77, fixed until 30.11.2027, Max 90 LTV, 999 Arrangement Fee, Product Code DR0987
- Residential: Initial rate of 2.57, fixed until 31.10.2027, Max 80 LTV, 999 Arrangement Fee, Product Code DR0995
- Residential: Initial rate of 2.47, fixed until 31.10.2024, Max 90 LTV, 999 Arrangement Fee, Product Code DR0996
- Residential: Initial rate of 2.77, fixed until 31.10.2027, Max 90 LTV, 999 Arrangement Fee, Product Code DR0996
Call the impact team today on 01403 272625 to find out more.
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11/05/2022 - Precise: BTL Product Withdrawals
Precise Mortgages are launching some new Buy to Let products on Friday 13th May 2022.
To secure a product from their current range you must fully submit your applications before 8pm on Thursday 12th May 2022.
Their new range of products will be available on their website from 9am on Friday 13th May 2022.
Call the impact team today on 01403 272625 to find out more.
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11/05/2022 - Pepper: Almost Prime Reduced Rates
Pepper Money has cut the rates on their Pepper 60 and Pepper 48 mortgages. Yes, you have read this correctly.
Pepper is committed to supporting its broker partners to help more customers who may have missed out on a high street mortgage for a whole variety of reasons, including a low credit score.
Their Pepper 60 and Pepper 48 products are available up to 85 LTV on a 2 year and 5 year fixed term, giving customers the stability of affordable payments.
Customers looking to remortgage could also benefit from free valuation, free legal or 500 cashback and AVMs to help boost turnaround from application to offer.
Further rate updates have been made across their Core Residential, Buy to Let and Affordable Home Ownership ranges.
Here is how your customers could be better with Pepper:
- Unsecured credit never affects the product tier and NO credit scoring
- No value limit on CCJs and defaults, no need for them to be satisfied
- The self employed only need one year trading for Pepper 48 and 48 Light
- Earned income to age 75 considered
- Dedicated case owner from application to offer, guiding you every step of the process
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11/05/2022 - Vida: RESI Enhancements
Vida Homeloans are thrilled to let you know that they have made more enhancements to their Residential criteria.
Please see below their key enhancements to their residential range:
- Assessment fee removed from all residential products
- 0 lender product fee payable on all Fee Saver products
- Fee Saver benefits enhanced, one free valuation for properties valued up to 1M, 500 contributions towards legal costs paid on completion
- 90 LTV available on tiers Vida 48 to Vida 12, 85 LTV available now on Vida 6
- Debt consolidation available up to 85 LTV
- Maximum loan sizes increased to 2M, up to 75 LTV across all tiers
- 1M loans available up to 85 LTV and 600k to 90 LTV
- New Large Loan range with discounted initial rates for loans between 500k and 2M
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10/05/2022 - Pepper: Product Withdrawal Notice
Pepper Money are making some changes to their Residential, Buy to Let and Affordable Home Ownership ranges. These changes will be implemented overnight today, Tuesday 10th May.
Full details including criteria and pricing changes will be communicated to you tomorrow, Wednesday 11th May at 9 am.
To secure one of their existing products, please ensure you have an agreed Decision in Principle submitted to DIP Illustration Produced status by 5 pm today, Tuesday 10th May, with your chosen product selected.
The Full Mortgage Applications for those cases must be submitted with fees paid by midnight on Tuesday 17th May.
Pepper hopes these timescales give you enough notice about their planned changes. Applications missing these deadlines will require a new product selected from the refreshed range.
Call the impact team today on 01403 272625 to find out more.
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10/05/2022 - Foundation: RESI ERC Free Discounts
Foundation Home Loans has launched new residential discount products at 75 and 85 LTV, targeted at professionals looking to maximise their income. The new Discount rate products come with one free standard valuation and no ERCs, allowing for greater flexibility.
- NEW F1 Professional 2 year ERC free discount up to 75 LTV with a current initial pat rate of 2.99
- One free standard valuation
- Lender product fee of 1,495
- Purchase and remortgage
- On a capital and interest repayment basis only
What is more, Foundation has today also reduced rates across their standard F1 and F2 discount range up to 70bps.
- F1 2 Year ERC free discount with a current initial pay rate of 2.94
- One free standard valuation
- Lender product fee of 1,495
- Purchase and remortgage
As a final note, Foundation has reduced selected lender product fees by 300.
Call the impact team today on 01403 272625 to find out more.
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10/05/2022 - Shawbrook: New! Energy Efficiency Discount
Shawbrook Bank has launched a Buy to Let Energy Efficiency Discount to help landlords make improvements to their properties to make them more efficient and consequently, more environmentally sound.
Following their research into the proposed changes to energy performance regulations, Shawbrook is more committed than ever to supporting landlords in becoming more energy efficient, protecting their portfolios, while also contributing to a greener future for all.
They plan to continue to improve their proposition to ensure they can keep making a difference, and the Energy Efficiency Discount is just the first step in a long line of creative solutions in the pipeline.
Buy to Let Energy Efficiency Discount
Available across the entire Shawbrook Buy to Let offering, all new cases submitted with an Energy Performance Certificate EPC rating of C or above will be eligible for their BTL Energy Efficiency Discount on the arrangement fee.
The following discounts will apply to their 1.50 standard arrangement fee:
- EPC Rating A, Discount 0.60, New Arrangement Fee 0.90
- EPC Rating B, Discount 0.45, New Arrangement Fee 1.05
- EPC Rating C, Discount 0.25, New Arrangement Fee 1.25
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09/05/2022 - Dudley BS Launch Products
Dudley Building Society has launched two new five year fixed rate products.
The new five year fixed rate shared ownership product has a rate of 3.29, with a maximum share of 95 per cent.
The society has also increased the maximum loan to value of its five year fixed rate Expat residential product from 80 per cent to 90 per cent.
The maximum loan size of this product has also increased from 1M to 1.5M, with a rate of 3.89.
In addition, Dudley says it will continue to introduce tiered early repayment charge EPC rates to its products, with a discounted ERC rate available following the first year.
Call the impact team today on 01403 272625 to find out more.
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09/05/2022 - Update to Shawbrook Base Rate
Following the announcement of the increase to the Bank of England Base Rate, Shawbrook Base Rate has increased to 1.00 per cent impacting their variable rates.
Their documentation will be updated accordingly and circulated shortly, but in the meantime please visit the Shawbrook website for correct rates.
Call the impact team today on 01403 272625 to find out more.
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06/05/2022 - Foundation: RESI Product Withdrawal Notice
On Monday 9th May 2022 at 5:30 pm Foundation will be withdrawing all of their residential products and replacing them with new products.
Any DIPs on the existing product range will need to be submitted by 5:30 pm on Monday 9th May, which will secure the product until Monday 16th May. The DIP must be converted to a full FMA before the 16th of May.
Please note: Any DIPs issued before the 9th May 2022 and which relate to this product range which have not been converted to a full FMA by COP May 16th, will be withdrawn.
Please convert existing DIPs to a full mortgage application as soon as possible.
Call the impact team today on 01403 272625 to find out more.
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05/05/2022 - Precise: Bridging Updates
New Non Regulated tier 2 refurbishment bridging finance from Precise Mortgages.
With more customers looking for finance to fund their heavy refurbishment projects, Precise has expanded their bridging range to provide you and your customers with even more solutions.
Whether converting a house into flats, carrying out work under permitted development rights or where planning permission is required, Precise has got all bases covered.
- Rates from 0.59 per month for regulated and non regulated finance
- Up to 70 LTV available
- Available for conversions of houses into flats as well as works that require planning permission
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04/05/2022 - Landbay: Product Updates
Landbay has updated their Buy to Let products on Wednesday 4th May.
Withdrawn:
- Limited Edition Remortgage range with 500 cashback
- Increase on 2 and 5 year fixed rates on Small portfolio landlord range
- Increase on Core 5 year fixed rates
- Increase on Green Mortgage 5 year fixed rates
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03/05/2022 - Kensington: Product Update
As of close of business today Kensington will be withdrawing all Residential and Buy to Let Specials.
Residential: RESI Select 65, 70, 85 and 95 LTV specials, RESI Select remortgage specials, RESI Core 85 LTV specials, RESI Shared Ownership specials, Help to Buy and Right to Buy specials.
Buy to Let: BTL 75 LTV 2 and 5 year specials, BTL HMO and MUB specials.
Please note the submission deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm today
- Full Application: submitted by 5pm on Monday 9th May 2022
- Shared Ownership: 75 LTV, 4.74 per cent rate, 5 year, no lender fee, free val
- Help to Buy: 75 LTV, 4.29 per cent rate, 5 year, 999 lender fee, free val
- Right to Buy: 75 LTV, 5.09 per cent rate, no lender fee, free val
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28/04/2022 - UTB: First Time Buyer Criteria Relaxed
United Trust Bank are pleased to confirm the following enhancements to their Residential Mortgages product range:
First Time Buyer Criteria...Relaxed!
With immediate effect, there is now:
- No minimum credit score for First Time Buyers
- No minimum number of active credit items for First Time Buyers
Call the impact team today on 01403 272625 to find out more.
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27/04/2022 - TML: BTL Update
On Friday 29th April, TML are making changes to their BTL range and wanted to update you.
- The initial rates on their 5 year 70 LTV and 75 LTV core range products with a 2.495 fee, are increasing to 3.35 and 3.49 for standard properties only.
- The initial rate on their 5 year 75 LTV core range product with a 1.5 per cent fee, is increasing to 3.39 for standard properties only
- The initial rate on their 5 year 75 LTV core range product with a 2.5 per cent fee, is increasing to 3.19 for standard properties only
- The initial rate on their 5 year 75 LTV Fee Saver product is increasing to 3.68 for standard properties and 3.80 for HMO,MUBs
- The initial rate on their 5 year 80 LTV Fee Saver product is increasing to 4.20 for standard properties only
Call the impact team today on 01403 272625 to find out more.
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26/04/2022 - Bluestone: Rate Reductions
Bluestone are reducing the rates across their Help to Buy to provide further support to a growing number of customers with complex credit.
When affordability is a crucial concern for many, particularly first time buyers, Bluestone are making these rate changes to provide further support for customers with complex credit to achieve their homeownership dreams.
The sourcing systems are processing this update with the new product rates showing in Bluelink from tomorrow morning.
Call the impact team today on 01403 272625 to find out more.
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22/04/2022 - Kent Reliance: New RESI Range
Kent Reliance understands that many of your clients can often struggle to find a lender that can support their large loan needs. That is why they have launched a new residential range to help provide solutions for these clients.
Their new range features products with no maximum loan amount on loans up to 90 LTV, new 2 year trackers and includes a choice of fixed or percentage fee options making it easier for you to place your cases.
Key features:
- Rates from 3.24
- Up to 90 LTV
- No maximum loan amount on selected products
- Fixed and percentage fee options
- Revert to rates now BBR plus 3.49
- Available for purchase and remortgage, including day one remortgages
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14/04/2022 - Foundation: New RESI Green ABC Plus
As of Thursday 14th April 2022, Foundation Home Loans have launched a new range of Residential Green ABC plus mortgage products. The new range includes fixed and discount rate options, with one free standard valuation.
The Foundation Home Loans Residential Green range is designed to reward homeowners who are purchasing or remortgaging properties with an EPC rating A to C.
- NEW: ERC free Discounted rates starting at 2.99 for the F1 tier and 3.24 in the F2 tier
- NEW: 2 Year fixed rates at 3.84 in the F1 tier and 4.09 in the F2 tier
- Up to 85 LTV
- NEW: One free standard valuation
- Covering properties with EPCs A to C
- NEW: Reduced lender product fee of 595 for Fixed Rates and 1,295 for Discounted Rates
- Purchase and Remortgage
- On a capital and interest repayment basis only
Call the impact team today on 01403 272625 to find out more.
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14/04/2022 - Shawbrook: Changes to BTL
Shawbrook Bank are proud to offer a range of Buy to Let products to suit the needs of your customers.
Digital Products
Shawbrook offer two Digital products for your customers with simple and straightforward cases.
Non Portfolio Product
- For customers with 4 or less properties in their portfolio
- 3.69 on a 5 year fixed up to 75 LTV
- For customers with more than 4 properties in their portfolio
- 4.09 on a 5 year fixed rate up to 75 LTV
- Customers can have unlimited properties on a single application
Shawbrook Banks Specialist product offers a complete solution for your customers with complex cases.
- Consider advances in excess of 5M
- Consider all property types including complex buy to lets, HMOs, Blocks of Flats and Student Accomodation
- Consider complex applicant types such as Trusts, Pensions and Charities
- Customers can have unlimited properties on a single application
- Shawbrook will look at expat borrowers, 0.25 per cent loading added to the rate
- Variable and fixed rates available up to 75 LTV
- Rates from 4.14
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13/04/2022 - Bluestone: Criteria Changes
Bluestone are pleased to announce they have expanded their Payday loans product range to the whole of the market to provide further support to a growing number of complex credit customers.
Bluestone will now accept applications from clients who have recently taken a payday loan, providing it has been cleared on completion. Previously Bluestone required that no new loans be taken out in the last 12 months.
These updates now mean they are able to offer a solution to customers who have been misinformed about the ramifications of taking out a payday loan, or those who have had taken out a payday loan due to a recent life event.
To find out more, call the impact team today on 01403 272625.
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12/04/2022 - Kensington: BTL Product Withdrawal
Kensington Mortgages wanted to give you advanced notice that as of close of business tomorrow they will be withdrawing the following products:
Buy to Let and Limited Company Buy to Let products:
- Buy to Let Core, 2 year fixed rate at 2.79, 75 LTV Special, 0 fee
- Buy to Let Core, 5 year fixed rate at 2.95, 75 LTV Special, 1.75 fee
Call the impact team today on 01403 272625 to find out more.
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12/04/2022 - UTB: No more application forms
UTB are please to confirm the latest enhancement to their Residential Mortgage and Second Charge Loan process:
No More Signed Application Forms
With immediate effect UTB have removed hard copy application forms, there are now absolutely no documents which must be signed by Borrowers before submitting a formal application to Underwriting. Any DIP issued from 13th April onwards will reflect this change in requirements, and information previously included on these forms can now simply be supplied online through the Portal.
UTB Mortgage Offers will now include a Direct Debit Mandate, which Borrowers should return along with the signed Mortgage Deed, as acceptance of Offer. For Remortgage, Unencumbered and Second Charge Loans funds will then immediately be released. For Purchase transactions UTB will rely on a request for funds from the acting solicitor, all as per the current process.
Call the impact team today on 01403 272625 to find out more.
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12/04/2022 - Foundation: Product Withdrawal Notice
On Wednesday 13th April at 5.30pm, Foundation will be making changes to their residential range. They will be withdrawing their residential Green ABC plus products and replacing them with a new range of products.
The products being withdrawn are:
- F1 Green ABC plus EPC A, 3.29, 2 Year fixed at 85 LTV, 995 fee, 750 cashback
- F1 Green ABC plus EPC B, 3.34, 2 Year fixed at 85 LTV, 995 fee, 500 cashback
- F1 Green ABC plus EPC C, 3.39, 2 Year fixed at 85 LTV, 995 fee, 250 cashback
Any DIPs on existing products will need to be received by 5.30pm on Wednesday 13th April. You will then have 30 days from your DIP accept date, please refer to your illustration for this date to progress to FMA.
Please note that their broker portal will be down from 5.30pm on Wednesday 13th April in order to release their new products, it will be available again from Thursday morning.
To find out more call the impact team today on 01403 272625.
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12/04/2022 - Pepper Money: Launch Limited Edition Products
Pepper Money are delighted to introduce a new Limited Edition product to their Residential Remortgage range.
Their new Pepper 60 Limited Edition is available up to 85 LTV on a 5 year fixed term and will give customers the stability of affordable payments in a very uncertain interest rate environment.
Budget conscious customers will benefit from no application fee and 500 cashback toward their legal costs, giving them choice over which solicitor firm they choose.
The inclusion of Limited Editions to their range supports their mission to provide you with more options to accommodate your customers evolving needs.
They also updated a handful of rates on their core range, including improved 2 year rates on Pepper 60 at 70 LTV.
Call the impact team today on 01403 272625 to find out more.
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11/04/2022 - Shawbrook: Product Updates
The past few weeks have been packed full of exciting updates at Shawbrook. They reached another key milestone in their digital journey with the unveiling of MyShawbrook Bridging and enhanced some of their products, including a reduction in bridging rates.
MyShawbrook Bridging
- Valuation and credit backed decisions at any time
- Instant integrated AVMs
- Instant Heads of Terms
- Maximum loan calculator
- More than just a pass or fail decision
- Integration with Experian, Companies House, Hometrack, Whenfresh and CLS
- Ability to instruct solicitors during the AIP stage
- Reduced their Unregulate Bridging rates by 0.10 for loans over 1M
- Rates now start from 0.40 per month
- Non Portfolio products now available for product switches
- Using the same eligibility criteria as you were submitting a new deal, the addition of Non Portfolio strengthens their offering for customers looking to product switch their loan at the end of the term
The following sustainable construction types are acceptable for buildings constructed in or after 2010:
- Structural Insulated Panels
- Insulated Concrete Formwork
- ThermoPlan
- Kingspan TEK Haus
- Beco Wallform
- Cidark P3 System
- Rockwool Duo Slab
- Hemcrete, Hempcrete
- HufHaus
Call the impact team today on 01403 272625 to find out more.
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08/04/2022 - Pepper Money: Product Withdrawal Notice
Pepper Money are making some changes to their Residential range. Their 2 year fixed rate Pepper 48 Light product at 65 LTV is being withdrawn and replaced. This change will be implemented overnight on Monday 11th April.
To secure their existing product, please ensure you have an agreed Decision in Principle submitted to DIP Illustration Produced status by 5pm on Monday 11th April, with your chosen product selected.
The Full Mortgage Applications for those cases must be submitted with fees paid by midnight on Thursday 14th April.
Pepper hope these timescales give you enough notice about their planned changes. Applications missing these deadlines will require a new product selected from the refreshed page.
Call the impact team today on 01403 272625 to find out more.
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08/04/2022 - Precise and InterBay: Bridging Finance
The wider OSB Group has brought together the best of Precise
Mortgages and InterBay to provide you and your clients with even more bridging
solutions.
This is the first time they have leveraged their expertise across both brands, and
their new two tier refurbishment offering, in addition to their standard
range, gives you a real breadth of products. So whether it is speed for a regulated purchase you need through Precise
Mortgages, or funding to complete a large refurbishment through InterBay, they have got all bases covered.
- Rates from 0.47 per month for regulated and non regulated across both brands
- Up to 75 LTV
- Brand new developer exit range
- AVMs up to 60 LTV on Precise Mortgages products
- Available for conversions of houses and commercial units into flats
- Works that require planning permission
- Expanded solicitor panel for InterBay, including dual representation
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08/04/2022 - Saffron: Product Change
- Removing the application fee from their First Time Buyer and Owner Occupied Fixed Rate products
- Reducing the rates on their Self Build range and Owner Occupied 5 years fixed
- Introducing two new 5 year fixed rate First Time Buyer products
- Extending product end dates
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08/04/2022 - Vida: Limited Edition Withdrawal Notice
Vida Homeloans thank you once again for the strong interest in their latest BTL Limited Editions where they have no reached their allocated tranche size. The following products will therefore be withdrawn from 6.00pm on Wednesday 6th April.
Buy to Let, Limited Editions
- Standard 5 Year 3.24, Fee Saver Limited Edition
- HMO 5 Year 3.39, Fee Saver Limited Edition
- Standard 5 Year 3.14, 4,995 Fixed Fee Limited Edition
- HMO 5 Year 3.24, 4,995 Fixed Fee Limited Edition
- Decision in Principle must be submitted, with product selected, by 6.00pm on Wednesday 6th April.
- For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to Application Received stage, by 6.00pm on Wednesday 13th April.
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08/04/2022 - Foundation: Product Withdrawal Notice
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- All 5 year fixed, fee assisted products
- All limited edition fee assisted products for specialist property types
- F1 and HMO early remortgage products
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07/04/2022 - Foundation: Release New Green ABC+ Products
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As of 7th April 2022, Foundation Home Loans are offering a new BTL Green ABC plus range exclusively for properties with EPC ratings of A to C. The new Green products include one free valuation and come with a 1 per cent product fee.
- Single products covering properties with EPCs A to C
- F1 5 Year fixed rate at 3.49
- Up to 75 LTV
- NEW One free valuation
- Options for HMOs, short term lets and UK expatriates
- 1 per cent product fee
- For purchase and remortgage
- 5 Year fixed rate at 3.99
- Up to 75 LTV
- 1.25 per cent product fee
- Experts in individual or limited company applications
- Up to 4 directors and no personal guarantees needed for shareholders
- Limited companies, SPV with complex structures
- Shareholding can include other companies
- Newly formed SPVs and flexible deposit sources including Intercompany loans
- No min income or employment, self employment history
- First time landlords considered
- Expats considered as individuals or limited companies
- Up to 85 LTV and Loans up to 2M on Core Range
- ICR of 125 for limited company borrowers and basic rate taxpayers
- No limit to portfolio size, subject to maximum borrowing of 5M with Foundation
- Portfolio in the background stress tested at 100 per cent
- HMOs standard to 6 bedrooms, large up to 8 bedrooms and MUBs up to 10 units
- Short term lets in personal or SPV structures
- Day 1 remortgages
- Products without ERCs
- Range of Green Products for properties with EPC rating A to C
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05/04/2022 - Precise Mortgages: 0 Product Fee BTL Mortgages
Precise Mortgages has announced the introduction to their new Buy to Let range. Rates start from 2.79 and include fixed and product fee options.
In addition, they have launched 2 and 5 year fixed rates with 0 product fee, refunded valuation, maximum 630 and 500 cashback, which could be ideal for landlord customers looking to remortgage pr those after lower upfront costs.
- Rates from 2.79
- 2 and 5 year fixed rate products available
- Options for personal ownership, limited company, HMO and limited company HMO landlords
- Loans up to 3M available
- Customers with less than perfect credit histories now considered up to 80 LTV
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01/04/2022 - Precise Mortgages: Adverse Credit
Precise Mortgages are widening their acceptable adverse
credit criteria across their core and DMP residential ranges.
They are also increasing maximum LTVs
to 85% for customers with recent credit blips.
Adverse Credit
New 2 and 5 year fixed rates up to 80 LTV for the following adverse:
- Defaults, 5 in 24 months
- CCJs, 3 in 24 months
- DMPs, active and recently satisfied
- Missed mortgage and secured loan arrears, 1 in 12 months, 3 in 36 months, worst status
- Unsecured arrears not counted
Maximum LTV increased 85 for customers with the following adverse:
- Defaults, 2 in 24 months, max 1,500 in 12 months, unlimited thereafter
- CCJs, 1 in 24 months, max 1,000 in 12 months, 2,500 in 24 months
- DMPs active and recently satisfied
- Missed mortgage and secured loan arrears, 1 in 12 months, 3 in 36 months worst status
- Unsecured arrears not counted
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01/04/2022 - Kensington: Product Updates
Today Kensington Mortgages are launching new Residential, BTL and HMO, MUB specials! Here are the details you need:
Residential:- Select 85 LTV
- 5 Years fixed
- 4.68 per cent rate
- No fee
- Free valuation and free legals options
- 75 LTV
- 5 Years fixed
- 2.95 per cent
- 1.75 fee
- 75 LTV
- 5 Years fixed
- 2.88 per cent rate
- 1,999 fee
- Not available in Northern Ireland
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31/03/2022 - Pepper Launch HTB Remortgage
Pepper Money has expanded their Affordable Home Ownership range with the introduction of Help to Buy Remortgage products.
Peppers product and positive approach to lending is ideal for customers who do not meet the credit score requirements in the high street for a variety of reasons. This could be due to having a thin credit file or having recent missed credit payments. It could be due to CCJs or defaults having been registered as recently as 24 months ago. It may even simply be down to a recent change in job, or a self-employment status of only 1 year.
Call the impact team on 01403 272625 to find out more
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31/03/2022 - Octane Capital: Product Withdrawals
Due to the rising interest rate and swap rate environment, Octane
Capital are withdrawing their existing Buy to Let products with immediate
effect and replacing them with new products. These new products are effective
from 1 April 2022.
Any
case which has been offered, and with a legal undertaking provided, can proceed
on the existing product and terms provided it completes by 15 April 2022.
Call the impact team on 01403 272625 to find out more
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31/03/2022 - Landbay: Product Withdrawals
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30/03/2022 - Precise Mortgages: BTL Withdrawals
Precise Mortgages are launching a new range of buy to let products on Friday 1 April 2022.
To secure a product from their currant range, including their limited edition products, you must fully submit your applications before 8pm on Thursday 31 March 2022.
Call the impact team today on 01403 272625 to find out more.
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30/03/2022 - Pepper Money: Updated Product Range
Pepper Money has refreshed their product range to ensure they continue to offer great value and choice for your customers even in a rising rate environment.
It has been a great start to 2022 and Pepper have provided the much needed solution to so many customers in need of our specialist approach, and they continue to back this up with the high level of service you have come to rely on.
- Residential rates adjusted across all their product tiers
- Buy to Let in addition to rate adjustments, Pepper have introduced Lifetime Tracker on their Pepper 36 and 36 Light range with the option of 65 to 80 LTV
- Affordable Home Ownership rates adjusted across their Shared Ownership and Help to Buy products
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30/03/2022 - Foundation: Expand panel of Solicitors
As
of 30th March 2022, Foundation Home Loans have expanded their closed
panel of solicitors to transact all specialist property cases. For
all specialist properties, including HMOs, large HMOs and multi unit
properties, brokers can now choose from a wider panel of legal firms with specific expertise in specialist property
purchases and remortgages.
Why use Foundation for your next BTL case
- Experts in individual or limited company applications
- Up to 4 directors and no personal guarantees are needed for shareholders
- Limited companies, SPV with complex structures
- Shareholding can include other companies
- Newly formed SPVs and flexible deposit sources including Intercompany loans
- No min income or employment, self employment history
- First Time Landlords considered
- ExPats considered as individuals or limited companies
- Up to 85 LTV and loans up to 2M, on core range
- ICR of 125 for limited company borrowers and basic rate taxpayers
- No limit to portfolio size, subject to maximum borrowing of 5M with Foundation
- Portfolio in the background stress tested at 100%
- HMOs, standard to 6 bedrooms, large up to 8 bedrooms and MUBs up to 10 units
- Short term lets in personal or SPV structures
- Day 1 remortgages
- Products without ERCs
- Range of Green Products for properties with EPC ratings A to C
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29/03/2022 - Fleet Mortgages: Product Change
Fleet Mortgages Buy to Let product range is changing on Thursday 31st March.
To secure current rates:
- DIPS must be submitted by 5.00pm 31st March
- APPS must be submitted by 1st April
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28/03/2022 - TML: BTL Update
The Mortgage Lender are making some alterations to their BTL range and wanted to update you.
On Tuesday 29th March, TML are introducing two new 5 year 75 LTV fixed rate
products to their core range. The initial rates, for standard properties only,
are 3.04 and 3.24 with a 1.5 and 2.5 completion fee.
The initial rate on their 5 year 75 LTV core range product with a 2,495 fee, is
increasing to 3.34 for standard properties only.
The initial rates on their 5 Year 75 LTV fee saver range are also increasing to 3.53 for standard properties and 3.65 for HMO,MUB properties.
Call the impact team today on 01403 272625 to find out more.
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25/03/2022 - Pepper Money: Product Withdrawal Notice
Pepper Money are making some changes to their Residential
and Buy to Let ranges. These changes will be implemented overnight on
Monday 28th March.
To secure one of their existing products, please ensure you have an agreed
Decision in Principle submitted to DIP Illustration Produced status by 5pm on
Monday 28th March, with your chosen product selected.
The Full Mortgage Applications for those cases must be submitted with fees paid
by midnight on Monday 4th April.
Pepper Money hope these timescales give you enough notice about their planned changes. Applications
missing these deadlines will require a new product selected from the refreshed
range.
Call the impact team today on 01403 272625 to find out more.
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22/03/2022 - TML: Residential Updates
The Mortgage Lenders next generation residential range is here. Now more streamlined than ever. It is refreshing when things are just simple. No one needs more complexity in their lives, right. This is exactly why TML have taken the time to simplify their residential range.
Their new 4 tier range means getting the best rate for your clients is easier than ever. Take a look at what they are doing to help you and your clients:
New Streamlined Residential Range:
- Removed the cascade on unsecured arrears, meaning applicants unsecured credit will no longer be used in allocating their product tier
- A simple structure means it is easier to get your clients onto the best rate
- Better rates mean happier clients and less tiers mean an easier process for you
Call the impact team today on 01403 272625 to find out more.
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22/03/2022 - Shawbrook: Reduced Unregulated Bridging Rates
Shawbrook Bank are delighted to announce some more rate reductions across their proposition.
Unregulated Bridging rates have reduced by 0.10 for loans over 1m, so rates now start from 0.40 per month.
Product Highlights:
- LTV up to 85
- Auction purchases catered for
- Loans from 50k to 15M
- Bridge to Let
- No ERCs
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22/03/2022 - Foundation: New Fee Assisted Fixed Rates
As
of 22nd March 2022, Foundation Home Loans have reduced the fee on their existing
fee assisted buy to let range and also introduced a new 80 LTV tier.
- 2 and 5 year F1 fee assisted fixed rates starting from 3.29 up to 75 LTV
- Rates up to 80 LTV from 3.79 fixed for two years and 3.99 fixed for five years
- Fee assisted product fee now reduced to 495
- One free standard valuation
- No application fee
- For purchase and remortgage
They have also introduced new Limited Edition Specialist property Fee assisted products for landlords purchasing or remortgaging an HMO up to 6 occupants or a short term let property.
- Specialist property fee assisted fixed rates starting from 3.44
- 495 Lender product fee
- 2 and 5 year options up to 75 LTV
- One free standard valuation
- No lender applicant fee
- For purchase and remortgage
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18/03/2022 - Foundation: Product Withdrawal Notice
On Monday 21st March at 5:30pm, Foundation Home Loans will be withdrawing their buy to let F1 Fee Assisted products.
Products being withdrawan are:
- F1 Fee Assisted 3.29, 2 year fixed, 75 LTV product with a 1495 fee
- F1 Fee Assisted 3.39, 5 year fixed, 75 LTV product with a 1495 fee
Any DIPs on existing products will need to be received by 5:30pm on Monday 21st March.
Call the impact team today on 01403 272625 to find out more.
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18/03/2022 - Vida: Limited Edition Withdrawal Notice
Given the excellent response to Vidas BTL Limited Editions they have now reached their allocated tranche size for all their BTL Limited Editions and will be withdrawing the remaining two products listed below with effect from 6.30pm on Friday 18th March.
Buy to Let Limited Editions
- Standard 5 year 3.19, Fee Saver Limited Edition
- HMO 5 year 3.19, Fee Saver Limited Edition
- Decisions in Principle must be submitted, with product selected, by 6.30pm on Friday 18th March.
- For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to the Application Received stage, by 8pm on Friday 25th March.
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17/03/2022 - Zephyr: Product Notice
Zephyr is giving you advance notice that all their buy to let fixed rates will increase on
Tuesday 22nd March.
- To secure the current rates, you need to have submitted a full mortgage application by 5pm on Monday 21st March.
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17/03/2022 - Shawbrook: Product Switch
In the second wave of product changes Shawbrook Bank are making this week, they are delighted to announce that their Buy to Let Non Portfolio product is now available for product switches.
Using the same eligibility criteria as if you were submitting a new deal, the addition of non portfolio bolsters their offering for those customers looking to product switch their loan at the end of the term.
Product Highlights:- Non portfolio landlords only: Individuals, Simple Limited Companies, SPV and LLP applicants only
- 5 Year fixed rate of 3.69
- Can consider up to 75 LTV
- Property must meet AVM criteria and proceed based on a successful AVM result
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16/03/2022 - Vida: Limited Edition Withdrawal Notice
Given the excellent response to Vidas BTL Limited Editions, they have now reached their allocated tranche size and will be withdrawing the two products listed below with effect from 6:30 pm on Thursday 17th March.
Buy to Let Limited Editions
- Standard 5 Year 2.99, 1 Fee Limited Edition
- Standard 5 Year 3.04, 1,495 Fixed Fee Limited Edition
- Decisions in Principle must be submitted, with the product selected, by 6:30 pm on Thursday 17th March.
- For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and the case progressed to the Application Received stage, by 8 pm on Friday 25th March
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15/03/2022 - Shawbrook: Reduced Commercial Rates
Shawbrook Bank are delighted to announce that they are reducing the rates across their Commercial Investment product range.
From today, they have lowered their five year fixed rates for loans over 150K:
- Semi Commercial from 4.74
- Commercial from 5.49
Product Highlights:
- Consider up to 75 LTV over 25 years
- The mortgage term can exceed the lease
- Take a sensible approach to sector experience
- Can consider complex commercial scenarios e.g vacant commercial, change of use and serviced offices
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11/03/2022 - Pepper Money: Launch Limited Edition Products
Pepper Money are pleased to introduce some new Limited Edition products to their Residential range which will go live on 11.03.2022 . Both Pepper 48 and 48 Light Limited Editions are available up to 85 LTV on a 2 year and 5 year fixed term.
Their Pepper 48 range is suitable for customers who have not had a Default or CCJ within the last 48 months. In fact, the vast majority of customers we support with their Pepper 48 range have never had a CCJ or defaults at all and so it provides a great solution for those customers who have simply failed a credit score with a mainstream provider or have other complexities which may not fit the mainstream mould such as complex income, or minor blips with unsecured credit or utilities.
Whether your customers are looking to purchase or remortgage, they could benefit from their reduced completion fees and 500 cashback to help cover additional costs, offering a valued alternative to a free legal option.
The inclusion of Limited Editions to their range supports their mission to provide you with product options that accommodate the evolving needs of your customers and, help more people succeed with their property plans.
Call the impact team today on 01403 272625 to find out more.
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10/03/2022 - Kensington: Product Updates
Kensington has launched new Residential specials, including Shared Ownership, Right to Buy and Help to Buy products.
- Special Shared Ownership 95 LTV, 2 years fixed, 4.14, no fee and free vals
- Special Right to Buy 75 LTV, 2 years fixed, 4.29, no fee and free vals
- Special Help to Buy 75 LTV, 2 years fixed, 3.89, 999 fee and free vals
- New 5 years fixed rate specials available also
- Please note, these products are not available in Northern Ireland
To submit a case on a current 5 year fixed rate product, please note the submission deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm on Friday 11th March 2022.
- Full Application - submitted by 5pm on Thursday 17th March 2022.
Please note, for applications from Northern Ireland, maximum LTV is 80 with 500k maximum loan size and no free legals apply.
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08/03/2022 - TML: BTL Lending Update
The Mortgage Lenders limited edition BTL product has reached the end of the tranche and will be
withdrawn.
From the close of business today, Tuesday 8th March, the limited edition product will no
longer be available to select at DIP. They will also be increasing their BTL
minimum loan to 50,000 across the product range unless otherwise stated for
an individual product.
- On the limited edition products, submitted DIPs must proceed to full application, with fees paid by COB Thursday 10th March 2022.
- For loans under 50,000, submitted DIPS must proceed to full application with fees paid by COB Thursday 10th March 2022.
- Applications already submitted will proceed as normal.
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07/03/2022 - Fleet Mortgages: Product Changes
On Wednesday, 9th March, Fleet Mortgages will be changing their products.
Highlights:
- Old Product: BTL00341 at 2.99 per cent
- New Product: BTL00345 at 3.09 per cent
- Old Product: LTD00297 at 2.99 per cent
- New Product: LTD00301 at 3.09 per cent
- DIPS must be submitted by 5pm on 9th March
- Apps must be submitted by 10th March
- New products will be released on 9th March
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04/03/2022 - Kensington: Product Update
With effect from close of business today the following 5 Year Residential Special products will be withdrawn:
- Select 85 LTV - 4.63, 999 fee
- Select 85 LTV - 4.93, no fee
- Select 95 LTV - 5.36, 999 fee
- Select 95 LTV - 5.66, no fee
- Core 85 LTV - 4.84, 999 fee
- Core 85 LTV - 5.03, no fee
To submit a case on these products, please note the submissions deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm today
- Full Application, submitted by
5pm on Thursday 10th March 2022
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04/03/2022 - Bluestone: Rate Changes
Bluestone Mortgages has made some updates to their product range. View their range highlights below.
Purchase and Remortgage:
- 2 and 3 Year fixed rates from 5.03 at 60 LTV on Clear range
- 5 Year fixed rates from 4.96 at 60 LTV on Clear range
- Up to 85 LTV
- 2 and 3 Year fixed rates from 5.68 at 60 LTV on Clear range
- 5 Year fixed rates from 5.36 at 60 LTV on Clear range
- Up to 85 LTV
- 2 and 3 Year fixed rates from 5.53 at 60 LTV on Clear range
- 5 Year fixed rates from 5.31 at 60 LTV on Clear range
- Up to 85 LTV
- 5 Year fixed rates from 5.96 at 60 LTV on Clear rage
- Up to 75 LTV
- No lender app fee
- Free upfront valuation
- 5 Year fixed rates from 4.96 at 60 LTV on Clear rage
- Up to 75 LTV
- 1,495 Lender fee
- Loading of 1 per cent applies to customers that have had an IVA, Debt Relief Order or Bankruptcy discharged in the last 6 years
- 2 and 3 Year fixed rates from 6.03 at 60 LTV on Clear range
- 5 Year fixed rates from 5.96 at 60 LTV on Clear range
- Up to 80 LTV
- 2 and 3 Year fixed rates from 6.68 at 60 LTV on Clear range
- 5 Year fixed rates from 6.36 at 60 LTV on Clear range
- Up to 80 LTV
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03/03/2022 - Vida: RESI Key Worker Range
Vida Homeloans wanted to let you know more about their new Key Worker proposition that they have recently launched on their Residential range.
Key Worker Highlights:
- Key Workers can borrow up to 5.5x their income, applied to all parties to the mortgage
- Up to 90 LTV available
- 2nd income and shift allowances accepted
- Just one party to the application needs to be a Key Worker
- Available across Vida tiers 48, 36 and 24
- Fee Saver options available, including one free valuation, a 250 contribution towards legal fees paid within 30 days of completion
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03/03/2022 - Family BS: Product Updates
The Family Building Society has updated their Padckager Exclusive product range.
Owner Occupier Semi Exclusives:
- 2 Year fixed rate from 3.09
- 5 Year fixed rate from 2.99
- Max 80 LTV
- 999 Lender product fee
- Minimum loan 45k
- 5 Year fixed rate from 3.04
- Max 70 LTV
- 999 Lender product fee
- Minimum loan 45k
- 5 Year fixed rate from 3.24
- Max 70 LTV
- 999 Lender product fee
- Minimum loan 45k
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02/03/2022 - The Tipton: 6x Lending Updates
The Tipton and Coseley Building Society has updated their 6x Lending Income product, which is an exclusive range available through Impact Packaging.
Guidance For 6x Income Product
Likes:- Circa 45k for single apps and 65k for joint
- 85 loan to value or less
- Good credit
- Long term
- Low commitments
- New build applications accepted without HTB or deposit incentives
Dislikes:
- Benefit income
- Missed payments
- Right to Buy, concessionary purchase
- Cases requiring exceptions
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02/03/2022 - Bluestone: Rate Changes
Bluestone wanted to let you know they are making some changes to their product rates.
The new rates will come into effect from Friday 4th March and will affect selected products. Please ensure any applications you wish to submit on the existing product rates are received by 5:30pm on Thursday 3rd March.
The products are live from Friday 4th March in Bluelink and all sourcing systems will be updated to reflect these changes as soon as possible.
Call the impact team on 01403 272625 to find out more.
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02/03/2022 - Together: Commercial Buy to Let Improvements
Together are delighted to announce some new improvements to their Commercial Buy to Let product range in response to feedback from the intermediary market. They have simplified the plans to remove complexity, reduce rates and increase LTVs across the range.
First charge BTL:
- First charge mortgage now starts at their lowest ever variable rate of 4.49
- 2 year fixed rate has reduced to 4.79
- 5 year fixed rate has reduced to 4.99
- Maximum LTV for remortgages has increased to 75
Second Charge BTL:
- Variable second charge mortgage rate now starts at 5.99
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02/03/2022 - The Tipton: Product Updates
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The Tipton and Coseley Building Society has updated their product ranges, including introducing new products.
Lender Highlights:
- Concessionary purchase from family members, gifted equity can be used as a sole deposit source must be max 85 LTV
- Giftors can reside in the property, family members can gift deposit and then reside in the new property without being on the mortgage
- Right to Buy, can use clients in probation if the same line of work as the previous role
- CIS workers, treated as employed, salary based on 6 month average
- Rental Income, acceptable as a source of income for residential affordability, an average of last 2 years SA302 used
- Missed payments, can accept blips up to status 2 in the last 2 years
- No credit scoring
- Residential interest only, no minimum income required, max LTV 60, minimum equity 200k outside M25 and 400k inside M25
- Second homes, allow the property to be let on a short term basis when not in family use
- Later Life, able to lend to age 95 for standard residential cases and until death or life event for RIO cases
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01/03/2022 - Dudley BS Product Updates
Dudley has made some key updates live from today which they would like to share with you.
Highlights:
- 95 LTV Shared Ownership from 3.49
- 80 LTV BTL and Holiday Let
- 85 LTV of GDV for Self-Build
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25/02/2022 - Pepper Money: Changes across RESI and BTL ranges
Pepper Money has made changes across their Residential and Buy to Let ranges.
Pepper Money has introduced Lifetime Tracker to their range up to 85 for Residential and 80 for Buy to Let. These rates track the Pepper Money variable rate, which is known as LMR and is currently at 1.10. The Residential Lifetime Tracker starts from 2.67 at 65 LTV and they have applied an ERC of 3 in year 1, 2 in year 2, 1 in year 3, and 0.5 in years 4 to5.
They have repriced all Residential and Buy to Let rates whilst also removing some of their Buy to Let 2 year fixed rates, leaving their very popular 5 year fixed rate options.
They have however maintained the choice of 2 and 5 year fixed rates in their top Buy to Let tier, Pepper 60.
With these latest changes, they remain dedicated to the intermediary market, with highly competitive products which they hope will meet a wide range of customer needs.
Call the impact team today on 01403 272625 to find out more.
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23/02/2022 - Pepper Money Product Withdrawal Notice
Pepper Money are making some changes to their Residential and Buy
to Let mortgage ranges. These changes will be implemented overnight on Thursday
24th February.
To secure one of their existing products, please ensure you have an agreed
Decision in Principle submitted to DIP Illustration Produced status by 5pm on
Thursday 24th February, with your chosen product selected.
The Full Mortgage Applications for those cases must be submitted with fees paid
by midnight on Thursday 3rd March.
Hopefully, these timescales give you enough notice about their planned changes.
Applications missing these deadlines will require a new product selected from
the refreshed range.
Call the impact team today on 01403 272625 to find out more.
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23/02/2022 - Kensington Product Updates
Kensington has launched new Residential and BTL specials, get them while you can!
Residential:
- Select 75% LTV, 2 years fixed, 3.29 no fee, free valuation and legals options, 1000 cashback available, remo only
- Select 80 LTV, 2 years fixed, 3.64 no fee, free valuation and legals options, 1000 cashback available, remo only
BTL:
- BTL 75 LTV, 2 years, 2.79 no fee
- BTL 75 LTV, 2 years, 2.59, 1.75 fee, 500 cashback available
Call the impact team today on 01403 272625 to find out more.
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22/02/2022 - Fleet Mortgages Reduce Rates
Fleet Mortgages has reduced their tracker rates on Tuesday 22nd February.
- DIPS must be submitted by 5:00pm 22nd February
- Apps must be submitted by 5:00pm 23rd February
- Rates start at 2.59
- Rental Calculations from 125 at 2.89
- Up to 80 LTV
- Free, Discounted Valuations
- Lifetime Tracker Rates with no ERCs
- Price Reductions
- All 5 year products benefit from payrate rental calculations
- Standard tracker rates from 3.39 at 65 LTV
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21/02/2022 - Zephyr Increase Rates
All of Zephyrs fixed rates except the 5 year options for HMOs and MUFBs will increase from Monday 21st February.
Rate Highlights:
- EPC A, B and C, 2 Year fixed rates from 2.79 at 65 LTV available up to 80 LTV
- EPC A, B and C, 5 Year fixed rates from 2.84 at 65 LTV available up to 80 LTV
- EPC D and E, 2 Year fixed rates from 2.89 at 65 LTV available up to 80 LTV
- EPC D and E, 5 Year fixed rates from 2.94 at 65 available up to 80 LTV
- New Build and FAC properties EPC A, B and C, 2 Year fixed rates from 2.79 at 65 LTV available up to 75 LTV
- New Build and FAC properties EPC A, B and C, 5 Year fixed rates from 2.84 at 65 LTV available up to 75 LTV
- New Build and FAC properties EPC D and E, 2 Year fixed rates from 2.89 at 65 LTV available up to 75 LTV
- New Build and FAC properties EPC D and E, 5 Year fixed rates from 2.94 at 65 LTV available up to 75 LTV
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18/02/2022 - Kensington Product Updates
Kensingtons new product
rates are now live including some new special edition products, here are some
highlights:
- BTL 2 Year Special Edition 75 LTV, 2.79, 1.75 fee, 500 Cashback
- Residential Select 2 Year Remortgage Special Edition 65 LTV, 3.15, no fee, free valuation & free legals or 250 cashback
- Residential Select 2 Year Special Edition 85 LTV, 4.53, no fee, free valuation and free legals or 250 cashback
Call the impact team today on 01403 272625 to find out more.
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17/02/2022 - Foundation: BTL Rate Changes
Foundation has made some changes to their BTL products, repricing several 75 LTV fixed rates, and also reducing their F1 2 year 75 LTV discount rate by 1.15 to 2.49, as well as introducing a new 80 LTV 2 year discount product.
New discount product:
- New F1 2 year discount, 80 LTV at 2.99 reversion, 2.50 discount
- No ERCs
- For both purchases and remortgages
- Maximum loan size of 500k at 80 LTV
- 2 fee
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16/02/2022 - Family BS Product Withdrawal
Family Building Society are withdrawing some of their fixed rate mortgages from their mortgage product range for both Owner Occupiers and Buy to Let. This will impact New Business only.
These changes will take effect from today, 16 February 2022 and are summarised as follows:
Owner Occupier repayment:
- 2 Year Fixed, Core, 60 and 80 LTVs
- 2 Year Fixed Joint Mortgage Sole Owner JMSO 60 and 80 LTVs
Buy to Let:
- 3 Year Fixed UK, Landlord, 60 and 70 LTVs
Semi Exclusive Owner Occupier Interest Only, only available to select intermediaries and packager partners:
- 2 Year Fixed, Core, 60 and 80 LTVs
The deadline for receipt of applications for all withdrawn mortgage products is:
- 5pm on Friday 18 February, through Familys Mortgage Hub and
- 5pm on Monday 21 February by paper
Where applicable, the above products remain available for existing borrower product switches and further advances, if they were available for these purposes prior to this change.
Call the impact team today on 01403 272625 to find out more.
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16/02/2022 - Zephyr Product Notice
All of Zephyrs fixed rates, except the 5 year options for HMOs and MUFBs will increase on Monday 21st February.
To secure the current rates, your brokers need to have submitted a full mortgage application by 5pm on Friday 18th February.
Call the impact team today on 01403 272625 to find out more.
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16/02/2022 - Kensington Product Notice
With effect from close of business Thursday 17th February Kensington will be repricing their full product range, including the specials (with the exception of Flexi Fixed For Term). New rates will be live from Friday 18th February.
To submit a case on the existing products please note the submission deadlines
below:
- Decision in principle produced and the FMA commenced by 5pm on Thursday 17th February.
- Full Application submitted by 5pm on Wednesday 23rd February.
Call the impact team today on 01403 272625 to find out more.
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16/02/2022 - Foundation Home Loans Product Withdrawal Notice
On Wednesday 16th February at 5:30pm, Foundation will be withdrawing most of their 65 LTV fixed BTL rates, and they will also be withdrawing and repricing a number of their 75 LTV fixed BTL rates.
Please note that, as well as the above, these popular BTL rates are included in this withdrawal also:
- F1 2.99 5 year fixed with a 1.5 fee
- F1 2.89 5 year fixed with a 2 fee
- F1 Green ABC plus C 3.19 5 year fixed with 0.5 fee
Please key your DIP as soon as possible.
Any DIPs on existing products will need to be received by 5:30pm on Wednesday 16th February. You will then have 30 days from your DIP accept date (please refer to your illustration for this date) to progress to FMA.
Please note that Foundations broker portal will be down from 5:30pm on Wednesday 16th February in order
to release their new products, it will be available again from Thursday
morning.
Call the impact team today on 01403 272625 to find out more.
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15/02/2022 - The Mortgage Lender: Packager Exclusive
The Mortgage Lender has updated their Residential product range, as well as a brand new Lumi Residential Packager Exclusive product range which is now available via impact packaging.
Packager Exclusive, Lumi Residential Range
- Current payday loans are now considered
- No cascade on unsecured arrears
- New rates available for recently discharged bankruptcy
- 2 year fixed rate from 4.25, 70 LTV
- 5 year fixed rate from 4.66, 70 LTV
- Up to 75 LTV
- 1,495 or 695 Lender fee options
- 2 year fixed rate from 5.35 at 70 LTV
- 5 Year fixed rate from 5.65 at 70 LTV
- 1,495 or 695 Lender fee options
- 2 year fixed rate from 6.55 at 70 LTV
- 5 Year fixed rate from 6.60 at 70 LTV
- 1,495 or 695 Lender fee options
- 2 year fixed rate at 4.98, 75 LTV
- 5 Year fixed rate at 5.23, 75 LTV
- 1,495 Lender fee
- No cascade on unsecured arrears
- Fee saver and cashback products available for purchase and remortgage
- Loans up 1M available
- 2 Year fixed rates starting from 2.79
- 5 Year fixed rates starting from 3.27
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11/02/2022 - VIDA: Enhancements and Product Withdrawals
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11/02/2022 - Kensington Withdrawal Notice
With effect from close of business Monday 14th February, Kensington will be withdrawing the Residential Select 2 year fixed term 70 LTV products.
To submit a case on these products, please note the submissions deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm on Monday 14th February 2022
- Full Application, submitted by 5pm on Sunday 20th February 2022
Please note we still have a Residential special 2 year fixed term 70 LTV Remo only product available.
Please also note that from close of business today we are also withdrawing the BTL 2 year special, 75 LTV, 2.79.
To submit a case on this product the FMA must have commenced by 5pm
today and the full application needs to have been submitted by 5pm Thursday
17th February 2022.
Call the impact team today on 01403 272625 to find out more.
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09/02/2022 - Kensington Product Updates
Kensington has launched new Residential specials, get them while you can!
Here are some highlights:
- Select 95 LTV: 2 years fixed, 999 fee, 5.07 rate or no fee option at 5.37
- Select 85 LTV: 2 years fixed, 999 fee, 3.79 rate or no fee option at 3.99
- Core 85 LTV: 2 years fixed, 999 fee, 4.24 rate or no fee option at 4.43
Call the impact team today on 01403 272625 to find out more
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08/02/2022 - Vida Homeloans New Limited Editions
Vida Homeloans has introduced a new range of Buy to Let and Residential Limited Editions. Products go live on Tuesday 8th February 2022.
Buy to Let
NEW LIMITED EDITION Standard and HMO, MUFBs BTL, FIXED FEES 1,495 AND 1,995:
- Fixed fee which can be added to the loan
- SPVs accepted
- Available for purchases or remortgages
- Limited Tranche Availability
- 5 Year Fixed
- 75 LTV
- Standard rate 3.04, 1,495 lender product fee
- HMO, MUB rate 3.19, 1,495 lender product fee
- Max loan 1m
RESIDENTIAL 90 LTV LIMITED EDITIONS:
- Available for properties in England, Wales and Scotland
- Available on Vida 48 and 36
- Available for Home Movers, Remortgages or FTBs
- Standard option with lender product fee 995
- Fee saver option with 0 product fee, one free valuation on properties valued up to 500k and a 250 contribution towards legals paid on completion
- 180 assessment fee payable upfront on application
- Limited Tranche Availability
- 2 Year Fixed
- 90 LTV
- Standard Vida 48 rate 3.89
- Standard Vida 36 rate 4.39
- 995 Lender product fee
- 400k Max loan
- 2 Year Fixed
- 90 LTV
- Standard Vida 48 rate 4.49
- Standard Vida 36 rate 4.89
- 0 Lender product fee
- 400k Max loan
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07/02/2022 - Precise Mortgages: Bridging Finance from 0.47%
Precise Mortgages are pleased to introduce their new
range of bridging finance products featuring their lowest ever rate.
What is more they have also increased
their maximum age to 85 at the end of the term on regulated
products. For bridging finance, they are on the case.
Highlights:
- Rates from 0.47
- Products available up to 75 LTV
- No maximum loan amount
- AVMs up to 60 LTV with no fee
- Maximum age 85 for regulated and non regulated finance
- Multiple bridging loans considered
- Standard and light refurbishment accepted
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04/02/2022 - Roma Finance Reduce Rates
Roma Finance wants you to be the first to know that they have reduced rates and simplified their product range.
So... What do their rates look like now?
- Standard Residential Bridging and Auction starting from 0.59
- Light, Medium and Heavy Refurbishment starting from 0.79
- Semi Commercial Bridging starting from 0.89
- Commercial Bridging starting from 1.00
- Ground up Development starting from 0.89
Following the recent announcement that Roma and British Business Investments have agreed a funding partnership to support housebuilders across the country, their development finance range has been simplified and they are now offering a Commercial Development Finance product.
View their latest product guide:
Call the impact team today on 01403 272625 to find out more.
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04/02/2022 - Precise Mortgages Bridging Finance Withdrawals
Precise Mortgages are launching a new and improved bridging finance range on Monday 7 February.
To secure a product from
our current range, you must fully submit your applications before 8pm on Friday 4 February.
New products will be available on their Precise Mortgages website from 9am on Monday.
Call the impact team today on 01403 272625 to find out more.
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04/02/2022 - Kensington Product Withdrawal
With effect from close of business Monday 7th February, Kensington will be withdrawing the Residential Select 5 year fixed term 70 LTV products.
To submit a case on this product, these products, please note the submission deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm on Monday 7th February 2022
- Full Application, submitted by 5pm on Sunday 13th February
Please also note that close of business today (4th Feb) Kensington are also withdrawing the BTL 5 year special, 75 LTV, 2.95.
To submit a case on this product the FMA must have commenced by 5pm today and the full application needs to have been submitted by 5pm Thursday 10th February.
Call the impact team today on 01403 272625 to find out more.
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04/02/2022 - TML BTL Product Changes
The Mortgage Lender has updated their BTL Product Guide, including details of three new BTL product changes:
- 5 Year 75 LTV Fee Saver products repriced for standard and HMO properties
- 5 Year 80 LTV Fee Saver product repriced for standard properties
- 5 Year 70 LTV Fixed Fee product launched
TML BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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02/02/2022 - Kensington Product Updates
Kensington Mortgages has updated their 90 LTV Residential products on the following:
- For Select, the Hero Mortgage and Young Professional ranges, rates now start from 4.79 for 2 years fixed term with a fee of 1,299.
- For Core, rates now start from 5.19 for 2 years fixed term with a fee of 1,299
- For New Build eKo Reward rates now start from 5.19 for 2 years fixed term, no fee.
Please note, for applications from Northern Ireland, the maximum LTV is 80 with 500k maximum loan size and no free legals apply.
Call impact today on 01403 272625 to find out more.
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02/02/2022 - Precise Mortgages Valuation Process
As one of the UKs leading specialist lenders, Precise know that customers often want to secure a buy to let or residential mortgage as quickly as possible.
So, from Monday 7 February they will now immediately instruct valuations from the full case submission stage.
It means you and your customers will now benefit from
- Quicker turnaround times
- Improved process experience
- Underwriter case ownership from submission to completion
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01/02/2022 - Dudley introduce First Homes products
Dudley BS has launched a brand new mortgage product to support
the First Homes Scheme.
With house price growth outstripping incomes and with
first time buyers representing around 50 of all mortgages, there is a growing
demand for the scheme. The First Homes scheme is a government
initiative that will enable local first time buyers and key workers across
England to purchase a new-build home, at a minimum discount of 30 against the
market value. The scheme involves the building of new homes specifically to be
sold at a discount, and these properties must be purchased by first time
buyers.
The First Homes Scheme aligns with the Societys
commitment to helping your clients who may be struggling to obtain a mortgage
to buy their first home.
The product they launched is a Five Year Fixed
Rate product with a rate of 2.99. The LTV of the product is 90 of the discounted price, with a maximum loan size of 225k for
everywhere except London, where the maximum loan size is 378k.
Call the impact team today on 01403 272625 to find out more.
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01/02/2022 - Kensington Product Notice
With effect from close of business on Tuesday 1st February, Kensington are repricing their 90 LTV Residential products on the following product ranges:
- Select
- Core
- The Hero Mortgage
- Young Professionals
- New Build eKo Reward
New rates will be live from Wednesday 2nd February 2022.
To submit a case on these products, please note the submission deadlines below:
Decision in Principle Illustration produced and the FMA commenced by 5pm on Tuesday 1st February 2022. Full Application submitted by 5pm on Monday 7th February 2022.
Call the impact team today on 01403 272625 to find out more.
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01/02/2022 - The Mortgage Lender Update Products
The Mortgage Lender has updated their LUMI Residential, Residential and Buy to Let product ranges.
LUMI Residential Highlights:
- Enhanced product criteria
- Flexible approach for payday loans
- No cascade for unsecured arrears
- Lumi 1, 2 Year fixed from 4.98 at 70 LTV, 5 Year fixed from 4.66 at 70 LTV remortgage
- Lumi Remortgage, 2 Year fixed from 5.38 at 70 LTV, 5 Year fixed at 5.49 at 70 LTV
- Property, min valuation 70k, 150k in London and South East
- Loan, Min loan 25,001 unless stated otherwise, max loan 1m, gifted equity considered
- Debt Consolidation, Where the application is using remortgage funds to consolidate unsecured debt, they will as a condition to the offer which requires the nominated solicitor, conveyancer to repay the debts directly.
- New Real Life 0 product with rates from 2.84
- Improved affordability for Covid Impacted Self Employed
- Purchase and remortgage up to 85 LTV
- Help to Buy for England and Wales
- Loans available up to 1m
- New Fee Saver products
- Reduced rate on Fixed Fee 5 year 75 LTV product
- Holiday and Short Term Lets products available
- Remortgage Only product added to Core Range
- Loans from 25,001 to 3m
TML LUMI RESI Product Guide
TML BTL Product Guide
TML RESI Product Guide
Call the impact team today on 01403 272625 to find out more.
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01/02/2022 - Kent Reliance BTL Updates
Kent Reliance has announced new rates for their Buy to Let product range.
Highlights:
- Rates now from 2.49, 2 Year fixed at 75 LTV with 2.5 lender fee
- Rate reductions on all LTV Bands, 2 Year fixed rate at 85 LTV reduced by 70bps
- Higher Fee, Lower rate options, providing a range of options for landlords
- 0 Fee 5 Year fixed to 500k, for landlords looking to minimise upfront costs and appeal to the remortgage market
- Same product rates available across all BTL types, personal ownership and limited company, HMO and MUFB
- Further Advance options
Kent Reliance BTL Products
Call the impact team today on 01403 272625 to find out more.
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01/02/2022 - Pepper Reduce Rates
Pepper Money has lowered more than a hundred rates as part of their recent product update,
making many of their mortgages even more affordable and accessible to a broader
range of customers.
Residential Range
- Pepper 60 remortgage range now starts from 2.40 on 2 year fixed up to 55 and 2.80 on 5 year fixed up to 65 LTV
- Pepper 24 Light fixed rate lowered by 0.75, now available from 3.50
- Pepper 24, 5 year fixed rate reduced by 0.70, to 3.60, up to 75 LTV
- Pepper 60, 2 year fixed rate product introduced, up to 75 and 80 LTV, with rates from 2.99
- Pepper 60, 5 year fixed rate lowered to 3.13, up to 75 LTV
Call the impact team today on 01403 272625 to find out more.
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24/01/2022 - Kensington Product Notice
Kensington Mortgages are pleased to announce that from tomorrow, Tuesday 25th January, they will now have 70 LTV rates available on their Resi 6 and Core Residential ranges, offering lower rates for your clients with larger deposits or looking to remortgage.
- Core, for your clients with defaults older than 24 months, will now start from 3.34
- Resi 6, for your clients with a small blip more than 6 months ago, will now start from 4.29
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24/01/2022 - Foundation Home Loans Refresh Entire Product Range
RATES ARE REDUCED BY UP TO 0.55 AS FOUNDATION HOME LOANS REFRESHES ENTIRE PRODUCT RANGE.
Foundation Home Loans has announced a full reprice of both their buy to let and residential core ranges that include improved rates, competitive product features and greater customer value.
Residential fixed rates now start at 2.99 for two years at 65 LTV, and buy to let fixed rates now start at 2.74.
Of particular focus are customers with more complex scenarios that warrant a specialist solution, with these proposed new options providing the customer with clear mortgage choices.
The product changes come along with the news that Foundation is now also lending in Scotland.
In the Residential range, changes include:
- Rate reductions of up to 0.55 on Green Residential products at 85 LTV with a new 995 fee
- New Discounted options in the F1 and F2 ranges with a 1,495 fee which now include one free standard valuation
- New Fee Assisted options and selected price reductions of up to 0.15 in the F1 and F2 ranges. Both credit tiers introducing a reduced fee option of 195 a reduction of 400 giving customers the choice of a product with a lower upfront cost
- Selected rate reductions of up to 0.25 across the F2 credit tier offering greater value for money. Product rates start at 3.09 fixed for two years with a 1,295 fee, up to 65 LTV
- Rate reductions of up to 0.35 across the F3 range with rates starting at 3.49 fixed for two years, and 3.84 fixed for five years, both with a 995 fee
In the Buy to Let range, changes include:
- New rate and fee options at the 5 year fix 75 price point, with a new 2.89 5 year fixed rate with 2 fee, alongside a fee assisted 3.39 with a flat 1,495 fee which offers a particularly competitive price option for larger loans up to 75 LTV
- An additional large loan 5 year fixed rate at 2.94 with a flat fee of 3,995 available to 65 LTV
- A reduced 5 year fixed rate on the 2 fee large loan rate to 2.79
- Cuts to HMO rates by up to 0.20
- Cuts to Short Term Let rates by up to 0.30
The changes have been designed to support intermediaries in making a strong start to 2022, and come along with the news that Foundation now also lend in Scotland.
View Guides:
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Foundation Residential Product Guide
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21/01/2022 - Pepper Money Criteria Updates
Pepper Money shares more criteria updates for your landlord customers to capitalise on.
- Current Employment: Minimum time with current employer has changed to three months with six months continuous employment
- Minimum income threshold: Has now been reduced to 15k, and they have introduced a First Time Landlord threshold of 25k
- Special Purpose Vehicle: Bank statements are no longer required where the SPV is newly formed, and financials are not required for SPVs formed within the last year. They allow deposits into an SPV, as cash or property transfer, from another limited company
- Main Director: Restrictions have been removed for the main director to be a homeowner, so now no directors need to be a homeowner
- Rental Income: Accepted as a standalone income stream for professional landlords with 11 properties or more
- Leased solar panels accepted: Properties with solar panels installed and where the panels are subject to a lease agreement are now accepted
- Account defaults: 2 individual utility, communication, or email order up to and including 200 each ignored. For Pepper 24 and 24 Light, excluding Bankruptcy range.
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21/01/2022 - Vida Homeloans Product Withdrawal
Vida wants to thank you for your fantastic support for their Limited Edition products launched last week. Given the overwhelming demand, both the Standard and HMO variations will be withdrawn with effect from 6.30pm on Monday 24th January. Keep your eyes peeled for new Limited Editions being launched in February.
Buy to Let Limited Editions
- HMO, MUB 5 year 2.94, 995 fixed fee limited edition
- Standard 5 year 2.94, 995 fixed fee limited edition
Transition arrangements
Decisions in Principle must be submitted, with product selected, by 6.30pm on Monday 24th January
For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to Application Received stage, by 8pm on Monday 31st January
Call the impact team today on 01403 272625 to find out more.
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19/01/2022 - UTB Second Charge Product Changes
United Trust Bank has made changes across their entire Second Charge product range, including Major Rate Reductions, effective immediately:
Prime 0 Status Products:
- 75 LTV, up to 0.45 rate reduction for 2, 3 and 5yr fixed plans
- 80 LTV, up to 1.00rate reduction for BoE Tracker, 2, 3 and 5yr fixed plans
- Max 500k loan size
- Previous Adverse accepted: Can have unlimited unsecured missed payments if now up to date, and up to 5k of Defaults, CCJs more than 2 years ago. 0 in last 12m mortgage arrears.
- Unusual Properties accepted: including steel frame, timber frame, concrete, listed, ex local or high rise flats and maisonettes.
Near Prime, 1 Status Products:
- 65% LTV, up to 1.25 rate reduction for 2, 3 and 5yr fixed plansB7
- 70% LTV, up to 1.30 rate reduction for 2, 3 and 5yr fixed plans
- 75% LTV, up to 1.60 rate reduction for 2, 3 and 5yr fixed plans
- 80% LTV, up to 0.50 rate reduction for 2, 3 and 5yr fixed plans
- Max 500k loan size to 70 LTV, 250k to 75 LTV and 125k to 80 LTV
- Previous Adverse accepted: Can have unlimited unsecured missed payments if being consolidated.
- Unusual Properties accepted: including steel frame, timber frame, concrete, listed, ex local or high rise flats and maisonettes.
Near Prime, 2 Status Products:
- 65 LTV, up to 1.50 rate reduction for 2, 3 and 5yr fixed plans
- 70 LTV, up to 2.00 rate reduction for 2, 3 and 5yr fixed plans
- 75 LTV, up to 2.30 rate reduction for 2, 3 and 5yr fixed plans
- 80 LTV, up to 1.40 rate reduction for 2, 3 and 5yr fixed plans
- Max 500k loan size to 70 LTV, 250k to 75 LTV and 125k to 80 LTV
- Previous Adverse accepted: Can have unlimited unsecured missed payments if being consolidated.
- Unusual Properties accepted: including steel frame, timber frame, concrete, listed, ex local or high rise flats and maisonettes.
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19/01/2022 - Foundation Home Loans Product Withdrawal Notice
On Friday 21 January at 5:30pm, Foundation will be withdrawing all of their buy to let and residential products as they refresh their product ranges.
As part of this refresh, their limited edition products are being withdrawn and not replaced.
These products include:
- 2 year variable product, 75 LTV, ERC free, 2 fee with one free valuation and no application fee, 2.84 discount of 2.40 from reversion
- 5 year fixed rate, 75 LTV, 1,995 product fee, 3.04
Any DIPs on existing products will need to be received by 5:30pm on Friday 21 January. You will then have 30 days from your DIP accept date please refer to your illustration for this date to progress to FMA.
Call the impact team today on 01403 272625 to find out more.
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18/01/2022 - Zephyr Reduce Rates
Zephyr Homeloans are starting the week with some positivity by reducing all their fixed rates. The reduced rates are across ALL of their deals, available for both buy to let purchases and remortgages.
Key Highlights:
- Reductions up to 20bps
- Lowest 2 year fixed rate now 2.50 on 65 LTV Standard and New Build,Flat above commercial, EPC A, B and C
- Lowest 5 year fixed rate now 2.69 on 65 LTV Standard and New Build,Flat above commercial, EPC A, B and C
- Our most popular product 5 year fixed rate 75 LTV Standard has been reduced by 20bps
Call the impact team today on 01403 272625 to find out more.
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18/01/2022 - Masthaven Update Bridging Finance Range
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Masthaven has updated their Bridging Finance product range.
Bridging Product Range Rates
- Bridging First Charge from 0.58
- Bridging Second Charge at 0.93
- Specialist Bridging First Charge from 0.73
- Specialist Bridging Second Charge at 0.98
- Refurbishment First Charge from 0.58
- Refurbishment Second Charge at 0.93
- Heavy Refurbishment First Charge from 0.78
- Heavy Refurbishment Second Charge at 0.98
- Lend in England, Wales and Scotland
- No pre application credit checks
- Regulated and unregulated
- Dual legal representation is available
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17/01/2022 - Bluestone Update Remortgage Product Range
Bluestone has updated their remortgage product range, so now they can offer either free basic legal fees or a 500 contribution to cover your clients solicitor costs. The details within do not apply to Scottish properties, where there are no free legals, but all Scottish remortgages will qualify for the 500 contribution to their solicitor costs.
Bluestone offer a free basic valuation or no application fee across all residential remortgage applications and also
- Free Basic Legal Fees, available for Remortgages and Capital raising
- 500 contribution, available for Transfer of equity, Uncencumbered properties and Debt Consolidation
Bluestone Mortgages Product Guide
Call the impact team on 01403 272625 to find out more.
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14/01/2022 - Together: New Year New Bridging Rates
Together are excited about what 2022 will hold and they are pleased to be able to share with you some further product enhancements across their regulated bridging range.
- The regulated Bridging rate has reduced to 0.59 with a max LTV of 50 and 0.69 with a max LTV of 70.
Why Together
- With nearly 50 years of experience in providing mortgages and loans, they continue to look at each case individually and they are more interested in credit behaviour than credit scores.
- They will consider applications from clients with demerits and our Regulated Bridging loans are available from 50,000.
- You will have direct access to their experienced underwriting teams plus there are no lender legal fees which could reduce the overall costs of the application for your client.
Together Personal Finance Product Guide
Together Commercial Product Guide
Call the impact team today on 01403 272625 to find out more.
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14/01/2022 - Pepper Money BTL Criteria Enhancements
Pepper Money has made improvements to their Buy to Let lending criteria, including
- 100 per cent of the applicants income can be derived from their BTL portfolio for professional Landlords with 11 plus BTLs
- Minimum income requirement reduced to 15k for Landlords with less than 11 BTLs and 25k minimum for first time landlords, applies to both standard and also for Ltd Co applications
- Gifted deposits now accepted
- Intercompany loans accepted
- Max individual loan with Pepper Money increased to 2m
- Max aggregate debt with Pepper Money increased to 4m
- Removal of the maximum of 3 BTLs with Pepper Money rule
- Incorporation of personally owned BTLs accepted
- No financials are required for SPVs less than 12 months old
Pepper BTL Product Guide
Pepper LTD Co BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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14/01/2022 - Kensington Product Update
Kensington Mortgages has updated their Flexi Fixed for Term product range, with rates now starting from 3.07 for 11 to 15 years fixed term at 60 LTV.
In addition, they have added not one, not two, but FOUR new specials, so make sure you take advantage of these products while you can.
Residential specials, for your clients looking to remortgage only
- 65 LTV, 2 years fixed term, 999 fee 2.78
- 65 LTV, 2 years fixed term, 999 fee, free valuation, free legals OR 250 cashback: 2.88
- 65 LTV, 2 years fixed term, no fee, free valuation, free legals OR 250 cashback: 2.95
And for your BTL including Limited Company clients
- 75 LTV, 2 years fixed term, no fee 2.79
View the product guides below for all rates and details
Kensington Residential Product Guide
Kensington BTL Product Guide
Please note, for applications from Northern Ireland, maximum LTV is 80 with 500k maximum loan size and no free legals apply.
Call the impact team today on 01403 272625 to find out more.
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13/01/2022 - InterBay: New Year, New Criteria
InterBay are determined to deliver on your complex semi commercial and commercial cases. That is why they launched their new product range featuring LTVs up to 75 and a significant expansion to the acceptable asset classes. Plus, rates have been reduced by up to 0.50 and they have removed all trail ERCs.
- LTVs increased. Maximum loan to value increased up to 75
- Asset classes expanded. Significant increase to the types of acceptable assets
- Rates reduced. Up to 0.50 reductions, 2, 3 and 5-year fixed rates from 4.69
- No trail ERCs. Trail ERCs removed from all products
They have reduced their standard 12 months proof of rent requirement to 3 months for semi commercial and commercial loans.
View their latest rate card below:
InterBay Commercial Product Guide
Call the impact team today on 01403 272625 to find out more.
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13/01/2022 - Shawbrook Bank: Changes to Portfolio Product
Shawbrook Bank has made changes to their Portfolio
product
criteria.
Moving
forward, to qualify for this product, the case must be eligible for and proceed with an AVM. If the AVM is
unsuccessful or you wish to instruct a full valuation, the case can progress on their Specialist product.
This change will apply to all new applications submitted from 13.01.2022. Any cases submitted prior to this date can proceed as per the previous product criteria.
Shawbrook Bank has given their Product Guide a fresh look for 2022
It now includes the entire Property Finance proposition and better highlights the key features of each product offering.
View their latest rate card:
Shawbrook Investment & Bridging Guide
Call the impact team today on 01403 272625 to find out more.
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13/01/2022 - Pepper Money Product Enhancements
Pepper Money is starting the new year with a series of updates across their product range which are now live, including criteria and rate improvements.
What is changing in their Residential range
- Pepper 60 remortgage product is now available from 2.40, at 55 LTV
- Repriced Pepper 48, 36, and 24 including Light Residential products
- Minimum time with the current employer has changed to three months with six months of continuous employment
- Bank statement requirements are reduced to two months from three months
- Now ignore 1 individual utility, communication, or mail order account default up to and including 200, Applicable to Pepper 36 and 36 Light products only
What is changing in their Buy to Let range
- Buy to Let range now starts at 2.99, at 75 LTV on our Pepper 60 tier
- Minimum time with the current employer has changed to three months with six months of continuous employment
- Now accept Gifted Deposits from the same immediate family list as our Residential range
- Accept deposits into the SPV, as cash or property transfer, from another Limited Company.
- Bank statements are no longer required where the SPV is newly formed. Financials not required for SPVs formed in the last year
- Removed the restriction for the main director to be a homeowner, so now no directors need to be homeowners
- Maximum Loan of 2M with max LTV of 65 above B#1.5M. Aggregated Exposure limit has increased from 3M to 4M
- Allow Rental Income as an allowable and standalone income stream for professional landlords with 11 properties or more
- 2 individual utility, communication, or mail order account defaults up to and including 200 each ignored, Applicable to Pepper 24 and 24 Light products downwards, but excluding Bankruptcy range products
View their latest rate cards below:
Pepper Premier Exclusive RESI Guide
Pepper RESI Product Guide
Pepper BTL Product Guide
Pepper LTD Co BTL Product Guide
Pepper HTB Product Guide
Pepper Shared Ownership Product Guide
Call the impact team today on 01403 272625 to find out more.
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12/01/2022 - Bluestone Product Notice
Bluestone Mortgages pride themselves on their communication and transparency with their brokers, so they wanted to let you know they are making some changes to their product rates.
The new rates will come into effect from Monday 17th January and will affect selected products. Please ensure any applications you wish to submit on the existing product rates are received by 5pm on Saturday 16th January.
Call the impact team today on 01403 272625 to find out more.
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12/01/2022 - Pepper Money Product Withdrawal Notice
Pepper Money are making some changes to their Residential and Buy
to Let mortgage ranges. These changes will be implemented overnight on Wednesday 12th
January.
Full details including criteria and pricing changes will be communicated on Thursday 13th January.
To secure one of their existing products, please ensure you have an agreed
Decision in Principle submitted to DIP Illustration Produced status by 6pm on
Wednesday 12th January, with your chosen product selected.
The Full Mortgage Applications for those cases must be submitted with fees paid
by midnight on Thursday 20th January.
Pepper regret that they will not be able to honour any cases that miss these
deadlines.
Call the impact team today on 01403 272625 to find out more.
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12/01/2022 - Kensington Product Notice
With effect from close of business tomorrow, 13th January, Kensington Mortgages are repricing all LTVs on the following products in the Flexi Fixed for Term ranges:
- 11 to 15 years term
- 16 to 20 years term
- 21 to 25 years term
- 26 to 30 years term
- 31 to 35 years term
New rates will be live from Friday, 14th January.
Please note, the 36 to 40 years term product rates will remain as they are.
Kensington are also withdrawing the following residential product:
- Residential Special Edition 2 Year fixed, 70 LTV, 1.99
To submit a case on these existing products, please note the submission deadlines below:
- Decision in Principle Illustration produced and the FMA commenced by 5pm on Thursday 13th January.
- Full Application, submitted by 5pm on Wednesday 19th January.
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11/01/2022 - Masthaven Important Product Changes
Masthaven are making some changes to their bridging products on 17th January and wanted to let you know in advance.
DIPs for their current bridging products will need to be submitted by 5:30pm on 14th January with the subsequent applications being received by 5:30pm on 21st January.
Full details of these changes will be revealed on the 17th January.
Call the impact team today on 01403 272625 to find out more.
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11/01/2022 - Vida Homeloans Product Refresh
Vida Homeloans has refreshed and extended their product range from 90 products to over 270, providing you with more options for your clients. They have also listened to feedback and simplified their tiering to make it even easier for you to find the best solution for your specialist clients.
Proc Fees has increased with Vida Homeloans, which are now 0.50 for both Residential and Buy to Let.
Vida Homeloans Residential Highlights
- New Lending Tiers, simplified and more flexible criteria
- Up to 90 LTV
- Fee Saver, One free valuation, 0 Lender product fee and 250 contribution towards legal costs
- Key Worker range with up to 5.5x Loan to Income
- 5 Year flex range with just 3 years ERC
- Complex incomes and low credit scores
- Flexible on property types
- New simplified Lending Tiers
- Specialist properties are their speciality
- Up to 85 LTV
- Extended Fee Saver and Flex ranges available
Vida BTL Product Guide
Vida Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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11/01/2022 - Fleet Mortgages Reduce Rates
New Year...New Rates! Fleet Mortgages has lowered rates across their product range on Tuesday 11th January.
Product Highlights
- Rates Start at 2.59
- Rental Calculations from 125 at 2.89
- Up to 80 LTV
- Free, Discounted Valuations
- Lifetime Tracker Rates with no ERCs
- Price Reductions
- All 5 year products benefit from payrate rental calculations
- 2 Year fixed rates from 2.59
- 5 Year fixed rates from 2.89
- Max 80 LTV
- 2 Year fixed rates from 2.79
- 5 Year fixed rates from 2.95
- Max 80 LTV
- 2 Year fixed rate at 3.09
- 5 Year fixed rate at 3.29
- Max 75 LTV
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07/01/2022 - Family BS Product Launch
Family Building Society has launched new products across their product range.
Owner Occupier Repayment
- JSMO Product fees now 599
- New High Loan semi exclusive introduced. Flat fee of 999 instead of the usual large loan fee and comes with 800 cashback for remortgages. 60 and 70 LTV maximum
- JSMO Product fees now 599
- New High Loan semi exclusive introduced. Flat fee of 999 instead of the usual large loan fee and comes with 800 cashback for remortgages. 60 LTV maximum
Family BS Semi-Exclusive Guide
Call the impact team today on 01403 272625 to find out more.
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06/01/2022 - Impact SF are Shortlisted
Impact Specialist Finance are proud to be shortlisted in the 2022 Business Moneyfacts Awards for Commercial Finance Specialist Distributor of the Year.
This category will reward the company that offers a full range of funding solutions to its clients and demonstrates an exceptionally high level of achievement within the commercial finance sector, providing guidance and advice on the viability of enquiries to turn unrealistic expectations into workable funding options.You may return to this form once complete if you wish to submit a testimonial for another organisation within the category.
This form will close on 18 February 2022. Click for Online Form
Call impact today on 01403 272625 to find out more.
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06/01/2022 - Vida Homeloans Full Product Withdrawal
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In advance of something particularly spectacular happening on Tuesday 11th January Vida will be withdrawing ALL their current products at 6.30pm on Monday 10th January.
DONT PANIC, Transition arrangements
Decisions in Principle must be submitted, with product selected, by 6.30pm on Monday 10th January
For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to Application Received stage, by 8pm on Monday 17th JanuaryCall the impact team on 01403 272625 to find out more.
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06/01/2022 - Landbay Product Refresh
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Landbay has started the new year with a bang, launching a product refresh featuring rate reductions up to 0.29.
Their Green range has been simplified, offering the same discounted rates for EPC A,B and C rated properties, new builds are now accepted.
Product highlights
- Standard 5 Year 75 LTV at 3.04 with free valuation options
- Green Standard 5 Year 75 LTV at 2.94, including new builds
- Small portfolio 2 Year 65 LTV at 2.65 for landlords with 3 or less BTL properties
- Small HMO,MUFB 5 Year 75 LTV at 3.34 up to 6 beds,units
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05/01/2022 - Kensington Product Updates
Kensington are excited to kick off 2022 with a new Remortgage special for your Resi clients, with no fee, free valuation and the option of free legals or 250 cashback, 2.99 for 2 years fixed at 70 LTV.
For BTL clients, including Limited Company Kensington has reduced their 85 LTV rates across their Core, eKo 1,000 Cashback Mortgage and eKo New Build 500 Reward ranges.
For example
- BTL Core, 2 years fixed, 1,999 fee, was 5.34 now 4.64, the same rate is now available with a 1.5 fee version also
- BTL eKo 1,000 Cashback Mortgage, 2 years fixed, no fee, was 5.79 now 4.79
- BTL eKo New Build B#500 Reward, 5 years fixed, no fee, was 5.99 now 4.99
Call the impact team today on 01403 272625 to find out more.
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16/12/2021 - United Trust Bank Increase Loan Size
Max Loan Size Increased to 1M
The max loan size for all first charge residential mortgage products has been
increased.
Key features include:
- Available for Remortgage and Purchase, including First Time Buyers, up to 85 LTV
- Capital Repayment or Interest Only Interest only affordability on Interest Only payment
- 2yr, 3yr and 5yr fixed rates from 3.80
- Previous Adverse accepted: Can have unsecured adverse credit if now up to date, and up to 5k of Defaults, CCJs more than 2 years ago. 0 in last 12m mortgage arrears
- Unusual Properties accepted: including steel-frame, timber frame, concrete, listed, ex local or high-rise flats and maisonettes.
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16/12/2021 - Pepper Money New Shared Ownership Range
Pepper Money Shared Ownership range is available on our Pepper 36 product, up to 75 LTV. Their recent expansion into Affordable Home Ownership allows them to help more hopeful homeowners onto the housing ladder.
Here is why your Shared Ownership applications are better with Pepper:
- Available to first time buyers with defaults and CCJs registered from 36 months ago up to 75 LTV
- Transparent range based on the registration date of latest CCJ, default, or secured missed payment
- Manual underwriting to help stretch affordability
- They do not use credit scoring as part of their lending decisions. The result is often a fairer, and human lending decision
- No value limit on CCJs and defaults, no need for them to be satisfied
Pepper Shared Ownership Product Guide
Call the impact team today on 01403 272625 to find out more.
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16/12/2021 - Foundation Home Loans BTL Update
85 LTV BUY TO LET PRODUCTS NOW AVAILABLE FROM FOUNDATION HOME LOANS
In a significant enhancement of their buy to let proposition, Foundation Home Loans now offer up to 85 loan to value within buy to let lending within the F1 product range, for borrowers with a near-mainstream credit history.
Their buy to let range now includes 85 LTV two and five year fixed rate options. There are no product fees with either, and they are available to limited companies, individuals and portfolio landlords as standard.
As with all 5 year buy to let fixed rates with Foundation Home Loans, the rental income is calculated at the pay rate, stress tested at 125 for limited companies and basic rate tax payers and 145 for other landlord types.
The usual valuation and application fees apply. Please note that there is a minimum property value of 125k in order to be eligible for their 85 LTV products.
View their latest rate cards below
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Call impact today on 01403 272625 to find out more.
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15/12/2021 - Dudley BS Product Updates
Improvements to their ExPat, Holiday Let and Two Year Fixed Products
Dudley BS are delighted to announce some exciting new changes
to their product range, starting with the launch of their new Two Year Fixed
Rate ExPat product. The product offers a rate of 3.89 with a max
loan to value of 80 and an increased max loan size from 1m to 1.5m. The
change to their accepted maximum loan size will be applied across their entire
ExPat residential product range.
In addition to the enhancements of their ExPat product range, they have also made further improvements across their full product range. Please see an overview of the changes below:
- Product Code 10108, Two Year Fixed Rate at 3.39, 90 LTV, Loans between 25k and 1M, ERC 3 per cent of the current balance for the first year and 1 per cent for the remaining year.
- Product Code 10109, Two Year Fixed Rate ExPat at 3.89, 80 LTV, Loans between 25k and 1M, ERC 3 per cent of the current balance for the first year and 1 per cent for the remaining year, fee waived if applicant returns to the UK within ERC period
- Product Code 10110, Five Year Fixed Rate ExPat at 3.89, 80 LTV, Loans between 25k and 1M, ERC 3 per cent of the current balance for the first year and 1 per cent for the remaining year, fee waived if applicant returns to the UK within ERC period
- Product Code 13141, Discount for Term ExPat at 3.89, 75 LTV, Loans between 25k and 1M, ERC 1 per cent of the current balance for first year and 0.5 per cent for the remaining two years, fee waived if the applicant returns to the UK within ERC period
- Product Code 25066, Discount for Term Holiday Let at 3.74, 70 LTV, Loans between 25k and 1M, ERC 1 per cent of the current balance for the first year and 0.5 per cent for the remaining year
- Product Code 25067, Discount for Term ExPat Holiday Let at 3.89, 70 LTV, Loans between 25k and 1M, ERC 1 per cent of the current balance for the first year and 0.5 per cent for the remaining year, fee waived is applicant returns to the UK within ERC period
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14/12/2021 - Foundaion Home Loans Product Updates
FOUNDATION HOME LOANS FOR OWNER-OCCUPIERS, NEW 90 FEE ASSISTED AND NEW PROFESSIONALS 5 YEAR FIX
Foundation Home Loans has enhanced its owner occupied proposition further with new 90 LTV fee assisted 2 and 5 year products for residential borrowers, as well as a pair of Professionals 5 year fixed rates at 75 and 85 LTV.
NEW Fee assisted 90 LTV in the F1 Owner occupied range
- 90 LTV Fee assisted
- 2 year fixed or 5 year fixed options
- No application fee
- No product fee
- One free standard valuation
NEW 5 year fixed in the Professionals range
- 5 year fixed rates at 75 LTV or 85 LTV
- Fixed product fee
- One free standard valuation
- Capital and interest repayment only
Foundation Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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10/12/2021 - Vida Homeloans Product Withdrawal
Vidas Winter Limited Edition products launched last week. Given the overwhelming demand, these products will be withdrawn with effect from 6.30pm on Monday 13th December.
Buy to Let, Limited Editions
- 5 year 2.94, 0 Fixed Fee Limited Edition
- HMO,MUB 5 year 2.94 0 Fixed Fee Limited Edition
Transition arrangements
Decisions in Principle must be submitted, with product selected, by 6.30pm on Monday 13th December
For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to Application Received stage, by 8pm on Friday 17th December
Call the impact team today on 01403 272625 to find out more.------------------------------------------------------------------
10/12/2021 - Masthaven Short Term Lending Updates
Masthaven has updated their Short Term Lending product range.
Core Bridging
- First Charge Monthly Interest Rate from 0.48 up to 70 LTV
- Second Charge Monthly Interest rate at 0.83 at 60 LTV
- First Charge Monthly Interest Rate from 0.63 up to 65 LTV
- Second Charge Monthly Interest Rate at 0.88 at 60 LTV
- Refurb First Charge Monthly Interest Rate from 0.48 up to 65 LTV
- Refurb Second Charge Monthly Interest Rate at 0.83 at 60 LTV
- Heavy Refurb First Charge Monthly Interest Rate from 0.68 up to 65 LTV
- Heavy Refurb Second Charge Monthly Interest Rate at 0.88 at 60 LTV
Masthaven Bridging Product Guide
Call the impact team today on 01403 272625 to find out more.
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08/12/2021 - Foundation Home Loans BTL Festive Special Product
Foundation Home Loans has launched a new 5 year fixed rate special for individual, portfolio and limited company landlords, with a flat 1,995 fee.
Rental cover is calculated at pay rate for 5 year fixes, stress tested at 125 for limited companies and basic rate tax payers and 145 for other landlord types.
F1 Festive 5-Year Fixed Special
- 5 year fixed
- Minimum loan size requirement of 250k
- Maximum loan size 1m
- Purchase and remortgage
- Available to Limited company BTL customers, individual BTL and portfolio landlords
- Usual valuation and application fee apply
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Call the impact team today on 01403 272625 to find out more.
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08/12/2021 - Zephyr Product Updates
Zephyr has made changes to their product range.
Latest Updates
- New green EPC mortgage products, rates reduced by 10bps on all property types with EPC rating A to C
- New builds with and Flats above Commercial now priced the same as the standard property range
- HMO and MUFB products, no longer available on New Build or FAC properties
Zephyr Product Guide
Call the impact team today on 01403 272625 to find out more.
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08/12/2021 - Masthaven First Charge Residential Updates
Masthaven has updated their First Charge Residential
product range.
First Charge Residential Range:
- 2 Year fixed rates from 3.19%
- 5 Year fixed rates from 3.49
- Up to 80 LTV
- Loan sizes between 40k to 1m
- No credit scoring
- AVMs up to 65 LTV
- Unsecured credit status 1 and 2 ignored
Masthaven First Charge Product Guide
Call the impact team on 01403 272625 to find out more.
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03/12/2021 - Vida Homeloans Winter Limited Editions
Vida Homeloans are delighted to announce the introduction of new
Winter Buy to Let and Residential Limited Editions.
BUY TO LET, 0 FEE LIMITED EDITION
- 0 Fee
- 5 year fixed at 2.94 up to 75 LTV
- Available for Individuals, HMO, MUB and SPVs
- Vida 1 only
- 5 year ERC 5,4,3,3,3
Vida have also introduced a Residential Limited Edition at 90 LTV.
RESIDENTIAL LIMITED EDITIONS, 90 LTV
- Up to 90 LTV available on Vida 1 only
- 2 year fixed at 4.44
- Available for Remortgage and Purchase, including FTBs
- Product fee 995, can be added to loan, total borrowing must not exceed 90
- 180 assessment fee payable upfront on application
- 2 year ERC 4,3
In addition, Vida have introduced Residential Limited Editions at 70 LTV.
RESIDENTIAL LIMITED EDITIONS, 70 LTV- Vida 1, 2 year fix 70 at 3.04
- Vida 1, FEE SAVER 2 year fix 70 at 3.34
- 2 year ERC 4,3
FEE SAVER products are available for properties valued up to 500,000 and come with a 0 product fee, one free standard valuation, a refund of the 49 assessment fee and a 200 contribution towards legal fees, both paid within 30 days of completion.
View their latest rate cards below:
Vida Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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02/12/2021 - Landbay Limited Edition Remortgage Range
Landbay has refreshed their Limited Edition remortgage range, reducing rates by up to 5 basis points and lowered the minimum loan size to 200k.
Plus a 500 cashback upon completion and the option for a free valuation on standard properties.- Standard 5 Year 65 LTV at 2.94
- Standard 5 Year 75 LTV at 3.04
- Standard 5 Year 75 LTV at 3.04 with free valuation
- Small HMO 5 Year 75 LTV at 3.29
- Small MUFB 5 Year 75 LTV at 3.29
- Minimum loan size, 200K
- Maximum loan size, 500K
Call the impact team today on 01403 272625 to find out more.
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02/12/2021 - Masthaven Important Product Changes
Masthaven are making some changes to their bridging products on 9th December and wanted to let you know in advance.
DIPs for their current bridging products will need to be submitted by 5.00pm on 8th December with the subsequent applications being received by 5.30pm on 23rd December.
Call the impact team today on 01403 272625 to find out more.
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01/12/2021 - Together Product Updates
Over
the last year Together has made a number of changes to improve the application process
for you and your clients. They are delighted to share with you some further
enhancements as well as their latest product updates.
Product Updates, Increasing max loans
Together are increasing the maximum loan sizes across their unregulated Bridging and Buy to Let products enabling you to provide customers with larger loans to meet the demand in the market:
- Bridging product is increasing to 5million before referral
- Buy to Let product is increasing to 2.5million for first charge transactions and 1million for second charge transactions
- Together are reducing the minimum loan size on their unregulated Buy to Let product to 30,000 supporting investors to maximise yield from low value properties
- There has also been a slight rate increase across their Second Charge fixed rate product for customers with zero demerits. If a case with zero demerits needs to be re quoted after the 30th November the customer will receive the new rates.
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01/12/2021 - Bluestone New Build Policy Enhancements
At Bluestone Mortgages, they are committed to supporting the New Build market, by improving their proposition and as a result, they have made the following update to policy:
- New Build offer validity extended to 6 months, with the ability to apply for a further 3 months extension
In addition, they have also simplified the process on Help to Buy cases, by removing the requirement for the Authority to Proceed ATP, meaning that fewer documents need to be submitted with the application.
They believe that their New Build policy amendments can support current and prospective homeowners and allow disenfranchised borrowers the chance to purchase their new home.
Call impact packaging today on 01403 272625 to find out more.
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01/12/2021 - Kensington Product Updates
Kensington are pleased to announce that from today they have further increased their product
offering so you can help even more of your clients.
Residential
- Right to Buy is back With rates starting from 4.29 for a 2 years fixed term, including free valuations
- Introducing a new assisted deposit product initially supporting the Proportunity equity loan scheme, with rates on 5 years fix at 3.99 with 999 fee
- Updates to their Young Professionals range. They have increased the maximum loan amount to 1 million AND added rates to 90 LTV for both 2 and 5 years fixed terms. Starting at 4.69 for 2 years fixed term, with a 1,299 fee
- Plus...Great news for their Core range. They have increased their LTV back up to 90. For your clients with defaults, Secured Loan Arrears or Satisfied CCJs older than 24 months. Rates from 5.09 for a 2 years fixed term, 1,299 fee
eKo 1,000 Cashback Mortgage AND the New Build eKo Reward mortgage ranges both back up to 85 LTV, starting from 5.79 for 2 years fixed
85 LTV no fee option reintroduced. Rates from 5.79 for 2 years fixed term
NEW, Long term fixed products
- Fix your clients payments for 10 years at 90 LTV for Residential and 85 LTV for BTL, with a 1,999 fee: Resi 4.99, BTL including Limited Company 5.59
- Flexi Fixed for Term, even more products available LTV now from 60 for fixed terms from 16 to 40 years, rates from 2.84 with 1,499 fee
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01/12/2021 - Foundation Home Loans Product Withdrawal Notice
Foundation Home Loans will withdraw the below 4 Limited Edition products at close of play, Friday 3rd December 2021.
- BTL F1 Limited Edition Fee Assisted 3.24, 2 Year Fixed, 75 LTV, No Fee
- LLC BTL F1 Limited Edition Fee Assisted 3.24, 2 Year Fixed, 75 LTV, No Fee
- BTL F1 Limited Edition Fee Assisted 3.34, 5 Year Fixed, 75 LTV, No Fee
- LLC BTL F1 Limited Edition Fee Assisted 3.34, 5 Year Fixed, 75 LTV, No Fee
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Call the impact team today on 01403 272625 to find out more.
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29/11/2021 - Kensington Flexi Fixed for Term Product
Flexi Fixed for Term is a next gen mortgage that offers your clients the chance to fix their mortgage from 11 years all the way up to 40 years, and pay a fixed monthly payment that will never change.
The key benefits:
- Up to 95 LTV for purchase and up to 85 LTV for remortgages
- Greater borrowing power, affordability based on the fixed term, not on a future variable stressed rate
- Portability, if your client moves, the mortgage can move with them
- Overpay by 10 from Day 1
- Flexible ERCs and none to pay for life events or property sale
Kensington Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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29/11/2021 - Foundation Home Loans New Professional Mortgage
Foundation Home Loans has launched a new specific range of owner occupied mortgage
products with enhanced Loan to Income limits specifically for Professionals.
Joint applications are permitted up to a maximum of two applicants, one of which must be the Professional, qualified in and currently practising in one of the eligible professions, and over the age of 25.
Available to first time buyers and non-first-time buyers, for purchase or remortgage, on a capital and interest repayment basis only.
Professional Mortgage
- Loan to income ratio of up to 6 x income
- 2 year discount rates with no ERCs
- Maximum loan 750k
- Minimum age 25
- Rate tiers up to 75 and 85 LTV including for first time buyers
- One free standard valuation
Call the impact team today on 01403 272625 to find out more.
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24/11/2021 - Saffron New Products
Saffron has announced improvements across their mortgage range, which includes a number of new products.
First Time Buyer Product Range
- 2 Year Fix First Time Buyer 90, Rate 2.37, Fee 999
- 5
Year Fix First Time Buyer 90, Rate 2.77, Fee 0
- 2
Year Fix First Time Buyer 95, Rate 2.77, Fee 999
- 5
Year Fix First Time Buyer 95, Rate 3.17, Fee 0
- 5
Year Fix JBSP FTB 95, Rate 3.27, Fee 0
- 2 Year Discount Owner Occupied 80, Rate 1.49, Fee 999
- 2
Year Fix Owner Occupied 80, Rate 2.07, Fee 999
- 5
Year Fix Owner Occupied 80, Rate 3.07, Fee 999
- 2
Year Fix Owner Occupied 90, Rate 2.47, Fee 999
- 5
Year Fix Owner Occupied 90, Rate 3.27, Fee 999
- 2
Year Fix Owner Occupied 95, NEW, Rate 2.77, Fee 999
- 2
Year Fix Retro Fit 80, Rate 2.07, Fee 99
- 2 Year Discount Self Employed 60, NEW, Rate 2.49, Fee 499, No ERCs
- 2
Year Discount Self Employed 80, NEW, Rate 2.79, Fee 499, No ERCs
- 2
Year Discount Self Employed 90, NEW, Rate 3.49, Fee 499, No ERCs
- 2
Year Fix Self Employed 80, Rate 3.27, Fee 999
- 2
Year Fix Self Employed 90, NEW, Rate 3.67, Fee 999
- 5
Year Fix Self Employed 80, NEW, Rate 3.27, Fee 999
- 5
Year Fix Self Employed 90, NEW, Rate of 3.67, Fee 999
- 2
Year Discount Contractor 60, NEW, Rate 2.39, Fee 499, No ERCs
- 2
Year Discount Contractor 80, NEW, Rate 2.69, Fee 499, No ERCs
- 2
Year Discount Contractor 90, NEW, Rate 3.39, Fee 499, No ERCs
- 2
Year Fix Contractor 80, Rate 3.17, Fee 999
- 2
Year Fix Contractor 90, NEW, Rate 3.57, Fee 999
- 5
Year Fix Contractor 80, NEW, Rate 3.17, Fee 999
- 5 Year Fix Contractor 90, NEW, Rate 3.57, Fee 999
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23/11/2021 - Precise Mortgages DMP Range
For those with less than perfect credit histories or Debt Management Plans, DMPs, getting a mortgage could feel like an uphill battle.
Well, Precise has great news. Their range of residential mortgage products has now been expanded to include options for your customers that have an active or newly satisfied DMP or debt arrangement scheme, DAS.
- Active DMPs and DMPs settled within the last 36 months accepted
- 2 Year fixed from 3.29
- 5 Year fixed from 3.44
- LTVs up to 85
- Fixed fees and refund of valuations on all products
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23/11/2021 - Bluestone Policy Enhancements
Bluestone has made some significant enhancements to their policy across their whole product range, providing further support for those looking to make the homeownership dream, a reality.
Here is a quick summary of the changes:- Mortgage offer validity period increased from 3 months to 4 months
- 1month bank statements now required for employed applicants
View their latest rate card below:
Bluestone Mortgages Product Guide
Call the impact team today on 01403 272625 to find out more.
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23/11/2021 - UTB Interest Only Product Update
The UTB Interest Only Residential Mortgage
product range has been updated, summary below:
- Loans from 25,000 to 750,000 with a maximum 75 LTV, 70 LTV for downsizing
- Affordability assessed on Interest Only monthly repayment
- 2, 3 and 5 year fixed rates from 3.80, including no ERC options
- Available for Purchase and Remortgage
- No minimum Credit Score
- Flexible on property construction types
- Multiple repayment vehicles including downsizing, savings, pension lump sums and sale of investment property
- Customers must be aged 25 to 85 at end of term
- Maximum 4.50 LTI and minimum 50,000 application total annual income
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23/11/2021 - Precise Mortgages HTB Limited Edition Products
Precise Mortgages has reduced rates across their New Winter Warmers limited edition Help to Buy range and reintroduced products to support customers with recent adverse credit. All products feature a refund of valuation fee.
Winter Warmer Help to Buy
Rates from 3.69 on a 2 year fixed
Rates from 3.79 on a 5 year fixed
Refund of valuation on all products
View their latest rate card below:
Precise Limited Edition HTB Guide
Call the impact team today on 01403 272625 to find out more.
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23/11/2021 - Precise Mortgages RESI Limited Edition Products
Precise Mortgages NEW Winter Warmers limited edition residential range offers lower rates for customers with recent adverse credit. All products feature a refund of valuation fee.
Winter Warmer residential products
- Rates from 3.79 on a 2 year fixed
- Rates from 3.99 on a 5 year fixed
- Refund valuation on all products
Precise Limited Edition RESI Guide
Call the impact team on 01403 272625 to find out more.
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22/11/2021 - Precise Mortgages New BTL Limited Edition Products
Precise has launched NEW Winter Warmer limited edition buy to let products
with options for personal ownership, limited company, HMO and limited
company HMO. Reduced rates and
fees
and options with 0 product fee, refunded valuation and 500
cashback
which could be ideal for remortgages.
Landlords looking to maximise affordability
- 2 Year fixed at 75 LTV from 2.69 with 0.50 product fee
- 5 Year fixed at 75 LTV from 2.99
- Top slicing available across all products
- 5 Year fixed affordability assessed at pay rate
- 2 Year fixed at 75 LTV from 2.99
- 5 Year fixed at 75 LTV from 3.29
- With 0 product fee, refund of valuation, max 630 and 500 cashback
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22/11/2021 - Vida Homeloans Product Updates
Vida Homeloans are pleased to announce that they are introducing a new range of Buy to Let Limited Editions with a fixed fee of 1,495. In addition, they are also pleased to let you know that they are introducing new, Residential Limited Edition products at 85 LTV.
HMO, MUB
LIMITED EDITIONS Vida 1, Fixed fee 1,495
- 2 Yr Fix 75 Limited Edition, 2.89
- 5
Yr Fix 75 Limited Edition, 3.09
- 2
Yr Fix 75 HMO and MUB Limited Edition, 2.89
- 5 Yr Fix 75 HMO and MUB Limited Edition, 3.09
- Fixed fee of 1,495 which can be added to the loan
- SPVs accepted
- Available for purchases or remortgages
- Limited Tranche Availability
- Vida 1: 2 Year Fixed 85, 3.77
- Vida 1: 5 Year Fixed 85, 4.17
- Vida 2: 2 Year Fixed 85, 4.57
- Vida 2: 5 Year Fixed 85, 5.07
- Vida 3: 2 Year Fixed 85, 5.07
- Vida 3: 5 Year Fixed 85, 5.52
- Available for properties in England, Wales and Scotland
- Available on Vida 1, 2 and 3
- Available for Home Movers, Remortgages or FTBs
- Product fee 995, can be added to loan
- 180 assessment fee payable upfront on application
- Limited Tranche Availability
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18/11/2021 - Bluestone New Policy Enhancements
Bluestone has made some significant enhancements to their policy across their whole product range, providing further support for those looking to make the homeownership dream, a reality.
Here is a quick summary of the changes:
- Mortgage offer validity period increased from 3 months to 4 months
- 1 month bank statements now required for employed applicants
View their latest rate card below:
Bluestone Mortgages Product Guide
Call impact today on 01403 272625 to find out more.
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18/11/2021 - Shawbrook Bank BTL Product Update
Shawbrook has continued the revamp of their Buy to Let offering with a brand new Portfolio product. Following the launch of their Non Portfolio product, aimed at simple cases, Shawbrook has introduced a mid range solution that supports the needs of portfolio landlords. The new product is designed for cases that are more complex than Non Portfolio applications, but not as complex as those that fit their Specialist product.
Key features:
- 5 year fixed rate of 4.09
- Up to 75 LTV
- 1.00 Broker Partner commission
Key criteria:
- Supports individual or standalone SPV landlords, as well as non portfolio landlords who do not proceed with an AVM
- Multiple simple assets e.g. single dwellings and small HMOs
- Properties must meet AVM criteria and the AVM must be successful, but the customer can opt to proceed with a full valuation. If the AVM is unsuccessful, the case can proceed on Shawbrooks Specialist product.
Pipeline cases at pre offer stage will proceed on the new rates. Cases that have received a formal offer will proceed on the previously agreed rates.
Call the impact team today on 01403 272625 to find out more.
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16/11/2021 - Family BS Product Updates
Family BS
has reduced the rates on their packager
semi exclusive product range.
Expat Buy to Let:
- 5 Year fixed rate from 3.39
- Max 70 LTV
Owner Occupier:
- 2 Year fixed rate from 2.84
- 5 Year fixed rate from 3.09
- Max 80 LTV
Buy to Let:
- 5 Year fixed rate from 3.14
- Max 70 LTV
Buy to Let Ltd. Company:
- 5 Year fixed rate from 3.39
- Max 65 LTV
Family BS Semi Exclusive Guide
Call the impact team today on 01403 272625 to find out more.
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11/11/2021 - Pepper Money Launch Help to Buy
By popular demand, Pepper Money has expanded their Affordable Home Ownership proposition with a Help to Buy range. The range is available on new build properties for first time buyers initially as purchase only.
These new purchase products are available on both their Pepper 48, 36 and 24 ranges, so your customers with financial events registered from 24 months ago are eligible.
Rates start at 4.15 per cent and a dedicated Case Owner from application to offer. Max 75 LTV.
Help to Buy USPsBetter for service and support:
- Dedicated case owner from application to offer
- Transparent range based on the registration date of latest CCJ, default or secured missed payment
- Manual underwriting
- Unsecured credit never affects product tier
- No credit scoring or auto cascading, the product you see is what you get
- No value limit on CCJs and defaults, no need for them to be satisfied
- No debt to income ratio
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11/11/2021 - Bluestone Criteria Changes
Bluestone Mortgages has changed some of their policy to make life easier for everyone.
- All new build offers are valid for 6 months (both HTB and non HTB), offer extensions can be reviewed on a case by case basis to a maximum of the valuation being 9 months old but subject to applicants still meeting age requirements.
- All non new build offers are valid for 4 months, with no extensions
- Addition of the RTB product
- Acceptance of leased solar panels provided there is a mortgage in possession break clause, this will be conditioned for
- Inclusion of both Protek and Advantage new build warranties
- Reduction to 1 month bank statement for PAYE applicants, Self employed and contractors still required to provide 3 months even if contracting on a PAYE basis. System changes in progress for this to be reflected in Bluelink.
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11/11/2021 - Fleet Mortgages Tracker Products
Fleet Mortgages has announced Trackers across all their product ranges which start at 3.19 per cent, all benefit from no ERCs.
Free Valuations for properties valued up to 500k and discounted valuations over 500k. Not including HMOs and MUFBs.
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10/11/2021 - Foundation Home Loans Product Withdrawal
On Friday 12 November at 5:30pm, Foundation Home Loans will be withdrawing some of their limited edition buy to let products.
The products being withdrawn are:
- F1 BTL purchase and remortgage product, 1995 fee, limited edition 2 year fixed product, 2.79, 65 LTV
- F1 BTL purchase and remortgage product, 1995 fee, limited edition 5 year fixed product, 2.99, 65 LTV
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Foundation Residential Product Guide
Any DIPs on existing products will need to be received by 5:30pm on Friday 12 November. You will then have 30 days from your DIP accept date (please refer to your illustration for this date) to progress to FMA.
Call the impact team today on 01403 272625 to find out more.
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10/11/2021 - Bluestone Launch Right to Buy Products
Bluestone has made some exciting changes and they are launching Right to Buy products via selected packagers, which impact packaging is one.
Here is a quick summary of their features:
- Available on our residential 5 year fixed rate range
- Ability to lend 100 per cent of discounted purchase price, up to a maximum of 75 of open market value
- Available in conjunction with all standard criteria
- Right to Buy products accessible via Sapphire packagers
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05/11/2021 - Kensington Product Withdrawal
With effect from close of business today, Kensington Mortgages are withdrawing the following from their product offering
- Residential Special Edition 5 Year fixed, 65 LTV, 2.99
To submit a case on these products, please note the submission deadlines below
- Decision in Principle Illustration produced and the FMA commenced by 5pm today, Friday 5th November
- Full Application, submitted by 5pm on Thursday 11th November
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04/11/2021 - Vida Homeloans Packager Semi Exclusive Products
Vida Homeloans are delighted that Impact has access to their new 85 LTV Residential Packager Semi Exclusive, available from Thursday 4th November.
They have extended availability to Vida tiers 1, 2 and 3 with 2 and 5 year fixed rate options.
- Vida 1: 2 year fixed 3.74, 5 year fixed 4.14
- Vida 2: 2 year fixed 4.54, 5 year fixed 5.04
- Vida 3: 2 year fixed 5.04, 5 year fixed 5.49
Vida Semi-Exclusive RESI Guide
Call the impact team today on 01403 272625 to find out more.
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04/11/2021 - Vida Homeloans BTL Product Updates
Vida Homeloans are pleased to announce the reintroduction of their HMO and MUB Limited Edition products and rate reductions on their BTL Expat products.
HMO and MUB LIMITED EDITIONS
- Fixed fee of 1,995, which can be added to the loan
- Up to 75 LTV
- 2 year fixed, 2.99
- 5 year fixed, 3.24
- Available to individual and Limited Company SPVs
- No limit on portfolio with other lenders
- Limited tranche availability
EXPAT
- Up to 75 LTV
- 2 year fixed from 3.24
- 5 year fixed from 3.44
- Product Fee 1.5, min 795 which can be added to the loan
- First time landlords considered up to 500k
- HMO and MUBs accepted
- Available to individual and Limited Company SPVs
- We lend on properties across England, Scotland and Wales
Australia max LTV 70. Expat rates quoted based on borrowing of 70 LTV, 75 LTV also available.
View their latest rate card below:
Call the impact team today on 01403 272625 to find out more.
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04/11/2021 - Landbay Remortgage Limited Edition Products
Landbay has launched an exciting new range of Limited Edition 5 Year Remortgage Only deals, with rates reduced by up to 25 bps!
- Standard 5 Year 65 LTV at 2.95
- Standard 5 Year 75 LTV at 3.09
- Standard 5 Year 75 LTV at 3.09 and Free Val
- Small HMO 5 Year 75 LTV at 3.34
- Small MUFB 5 Year 75 LTV at 3.34
View their latest rate cards below:
Landbay Product Guide
Landbay Remortgage Limited Edition
Call the impact team today on 01403 272625 to find out more.
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03/11/2021 - Shawbrook Bank Reduce Rates
Shawbrook Bank understands meeting the needs of the Bridging market so they have reduced rates across their Commercial Heavy Refurbishment range by 0.30. Rates now start from 0.60 per month.
Their competitive rates, transparent lending criteria, simple application process and innovative products are just some of the highlights of their award winning offering.
Lending for Refurbishment Costs
Their innovative Lending for Refurbishment Costs product option can allow customers to fund their refurbishment costs as part of the day one loan.
- Up to 100 of the refurbishment costs can be funded
- No experience required
- Up to 85 LTV of the Open Market Value in current condition or 75 of the post works value
They require a schedule of works and costs from the borrower, along with positive commentary from the surveyor on the suitability of the proposed works.
View their latest rate card below:
Shawbrook Investment & Bridging Guide
Call the impact team today on 01403 272625 to find out more.
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03/11/2021 - Fleet Mortgages Product Updates
Fleet
Mortgages has returned to 80 lending. They have also lowered rates across their Buy to Let product range. The 80 LTV products are
available for standard properties only.
Product Highlights:
- Rates starting from 2.59
- Up to 80 LTV
- Rental Calculations from 125 at 2.99
- Lifetime Tracker Rates with no ERCs
Return of 80 Lending:
- 2 year fixed rate at 3.89
- 5 year fixed rate at 4.15
- Standard properties only
- Min property value 100k
- Max loan size 750k
Fleet BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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02/11/2021 - Join Lender Webinar Series with Fleet Mortgages
Join Louisa, Giovanna and Dale where they discuss the acquisition of Fleet Mortgages by Starling Bank and how they have helped landlord clients over the last 12 months with some recent case studies.
Time: Nov 17, 2021, 10:00 AM
In this webinar, Louisa and Giovanna will discuss the acquisition of Fleet Mortgages by Starling Bank and their exciting plans for the future. The acquisition will deliver a significant benefit to their intermediary partners and your landlord clients, particularly in terms of reduced cost of funds providing them with the ability to deliver highly-competitive products.
Fleet will then illustrate how they have helped landlord clients over the last 12 months, going through live case studies, demonstrating how they can assist you and your clients whether they are individuals, limited companies or seeking finance for HMOs and Multi Unit Blocks.REGISTER NOW:
https://us02web.zoom.us/webinar/register/1516357692098/WN_sHsxgy1iQU2lARy5hsQKVQ
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29/10/2021 - Aldermore Product Withdrawal
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Aldermore are withdrawing their residential Limited Edition mortgage rates from Wednesday, 3 November 2021.
Aldermore are pleased to be able to offer these Limited Edition products for purchase and remortgage from 26 August and thank our valued brokers
for their support.
- 2 year fixed 2.48 to 75 LTV
- 5 year fixed 2.68 to 75 LTV
- 2 year fixed 2.78 to 80 LTV
- 5 year fixed 2.98 to 80 LTV
They will process any pipeline applications as usual. And if you would like to secure one of these products for your client, the latest you can submit a decision in principle DIP is 6pm Tuesday, 2 November 2021.
DIPs will remain valid for 30 days and they will need to be converted to full mortgage application within this time. If you need to resubmit a DIP, you will need to select a new product from the range that is available at the time of submission.View their current rate card:
Aldermore Residential Product Guide
Call impact today on 01403 272625 for more info.
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28/10/2021 - Foundation Home Loans Product Withdrawal
On Friday 29 October at 5:30pm, Foundation will be withdrawing some of their residential products.
The products being withdrawn are:
- F1 Residential remortgage no fee limited edition 2 year fixed product, 3.19, 75 LTV
- F1 Residential remortgage no fee limited edition 5 year fixed product, 3.49, 75 LTV
Any DIPs on existing products will need to be received by 5:30pm on Friday 29 October. You will then have 30 days from your DIP accept date (please refer to your illustration for this date) to progress to FMA.
View their current rate cards below:
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Foundation Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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28/10/2021 - Bluestone Application Deadline
Bluestone wanted to let you know they are making some changes to their product rates. The new rates will come into effect from Monday, 1st November and will affect selected products.
Please ensure any applications you wish to submit on the existing product rates are received by 5pm on Saturday, 30th October.
Call the impact team today on 01403 272625 to find out more.------------------------------------------------------------------
28/10/2021 - Vida Homeloans Product Withdrawal
Given the level of interest in Vida Homeloans Fixed Fee Limited Edition products, the available tranche has now been exhausted. The following products have therefore been withdrawn.
Withdrawn Products: Buy to Let: Limited Editions
- 2 year 1,995 Fixed Fee Limited Edition
- 5 year 1,995 Fixed Fee Limited Edition
- HMO and MUB 2 year 1,995 Fixed Fee Limited Edition
- HMO and MUB 5 year 1,995 Fixed Fee Limited Edition
Decisions in Principle must be submitted, with the product selected, by 6.30 pm on Monday 25th October
For any new DIPs, or cases currently in
the pipeline, all mandatory docs must have been uploaded with fees paid, and the case progressed to the Application Received stage, by 8 pm on Friday
29th October
View their latest rate below:
Vida BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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28/10/2021 - The Mortgage Lender Buy to Let Updates
The Mortgage Lender has made some updates to its Buy to Let product Guide, including the following changes:
- 2 Year and 5 Year 75 LTV Fees Assisted, 500 Cashback Products repriced and completion fees reduced on standard and HMO
- 5 Year 75 LTV New High Fee repriced from 3.44 to 2.44, 2,495 comp fee
- Holiday and Short Term Lets products available
- Remortgage Only product added to Core Range
- Loans from 25,001 to 3,000,000
TML BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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28/10/2021 - Fleet Mortgages Price Reductions
Fleet Mortgages has made some price reductions to their product range.
They have listened to broker feedback and also simplified our range of products please see their highlights below:
- Rates starting from 2.59
- 5 year standard, Ltd Company,HMO and MUB products all benefit from payrate calculations
- Payrate rental calculations start from 125 at 2.99
- 125 at 5.5 rental calculations on 2 year products and lifetime tracker rates
- Lifetime tracker rates with no ERCs
- Up to 75 LTV
Fleet BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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28/10/2021 - Precise Mortgages Bridging Updates
Precise Mortgages has expanded the criteria across their bridging range. With maximum LTV increased to
75, AVMs now available on standard bridging up to 60 LTV, and no
maximum loan size.
Highlights:
- Maximum LTV now 75
- AVMs available up to 60 LTV and now with no fee
- No maximum loan amount
- Significant expansion to allowable refurbishments
Precise Bridging Product Guide
Call the impact team today on 01403 272625 to find out more.
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28/10/2021 - Foundation Home Loans Product Updates
LIMITED EDITION BUY TO LET ERC FREE VARIABLE DISCOUNT FROM FOUNDATION HOME LOANS
Foundation has launched a Limited Edition 2 year Discount Product with no ERCs, no application fee and one free standard valuation for individual, portfolio and limited company landlords.
F1 limited edition ERC free variable discount
- 2.69 discount of 2.40 from reversion for two years
- Maximum loan of 1m up to 75 LTV
- 2 Product fee
- No Early Repayment Charges
- Free valuation and no application fee
- Available for purchase and remortgage
- For individual, portfolio and limited company landlords
This ERC free product with a highly competitive rate and free valuation is designed for landlords looking to access low monthly payments and flexibility, without onerous set up costs.
ICR rental cover is calculated at the national rate of 5.5 and stress tested at 125 for limited companies and basic rate taxpayers or 145 for other landlord types.
View the guides below:
Foundation BTL Product Guide
Foundation BTL Ltd. Co. Product Guide
Call the impact team today on 01403 272625 to find out more.
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20/10/2021 - Marsden BS New Products
- They have returned to 85 LTV lending, adding a new fixed rate product to their portfolio at 1.79, and an 80 LTV fixed rate product at 1.69.
- Their Older Borrower range has two new discount rate products from 1.85 and two new fixed rate products from 2.15.
- Added two new fixed rate products to their Retirement Interest Only range, starting from 2.15.
- Expat Residential range has one new fixed rate product at 2.99 and a new discount rate product at 2.69.
- Added two new products to their Expat Buy to Let range a discount rate at 2.44 and a fixed rate at 2.74.
Marsden Product Guide
Call the impact team on 01403 272625 to find out more.
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15/10/2021 - Vida Homeloans Product Updates
Vida Homeloans has released a new
residential fixed-rate product range, which is available on an exclusive
basis through Impact Packaging.
Packager Exclusive:
- 2 Year rate at 3.74
- 5 Year rate at 4.14
- Max 85 LTV
- 995 Lender product fee
- Available on Vida 1 only
- Loans between 100k and 500k
- Available for Home Movers, Remortgages or FTBs
- Up to 4 applicants with combined incomes
Vida RESI Exclusive Guide
Call the impact team today on 01403 272625 to find out more.
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15/10/2021 - Pepper Money Limited Edition Product Updates
Pepper Money has implemented new
changes to their product ranges. There is a new Bankruptcy and IVA product available on Pepper 12 and Pepper
24, for customers who have been discharged from bankruptcy for more than 3
years.
Residential Range
Updates:
Bankruptcy and IVA product available on Pepper 12 and Pepper 24:
- 2 Year fixed rates from 6.74
- 5 Year fixed rates from 6.84
- Up to 75 LTV
View their latest rate cards below:
Pepper Premier Exclusive RESI
Pepper Limited Edition RESI
Pepper Limited Edition BTL
Pepper RESI Product Guide
Pepper BTL Product Guide
Pepper LTD Co BTL Guide
Call the impact team today on 01403 272625 to find out more.
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15/10/2021 - Kensington Mortgages Product Updates
Kensington Mortgages has reduced rates
across their Residential Core range, including lower completion fees across
some of their 85 LTV products. For clients looking for non standard construction, they have also lowered some of
their 75 LTV Property Plus rates.
New Special Rates:
- Residential min 250,000 loan amount: 70 LTV, 2 year fixed at 1.99, 1,999 fee
- Buy to Let inc. Limited Company: 75 LTV, 5 year fixed at 2.95, 1.75 fee
Residential Core Range:
- 2 Year fixed rates from 3.44
- 5 Year fixed rates from 3.85
- Max 85 LTV
- Loans between 25k and 500k
Property Plus Range:
- 75 LTV, 2 year at 3.64
- 75 LTV, 5 year at 4.04
Kensington Residential Product
Call the impact team today on 01403 272625 to find out more.
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15/10/2021 - Foundation Home Loans Product Updates
Foundation has launched new fixed rate products on their
Green range, available for both Residential and Buy to let, with incremental
rates and cashback depending on the EPC rating of the property.
Cashback:
EPC A rated properties: 750
EPC B rated properties: 500
EPC C rated properties: 250
BTL F1 Green ABC plus 5 Year Fixed:
- EPC A: rate of 3.14
- EPC B: rate of 3.19
- EPC C: rate of 3.24
- Max 75 LTV
- Lender product fee of 0.5
- Available to individuals and limited companies
RESI F1 Green ABC plus 2 Year Fixed
- EPC A: rates from 3.04
- EPC B: rates from 3.09
- EPC C: rates from 3.14
- Max 85 LTV
- Lender product fee of 595
- Offered on a capital and interest repayment basis
Foundation BTL Guide
Foundation BTL Ltd. Co.Guide
Foundation Residential Guide
Speak to the impact team today on 01403 272625 to find out more.
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15/10/2021 - Vida Homeloans Product Updates
Vida Homeloans has made further
reductions to their Buy to Let Limited Edition products. Some rates have been reduced by up to 0.25 and are available on Vida 1 only.
Standard and HMO and MUB Range
- Limited Edition 2 year fixed rate at 2.89
- Limited Edition 5 year fixed rate at 3.14
- Max 75 LTV
- 1,995 Lender fee
- Min loan 100k
- Rental cover from 125
- Portfolio landlords
Vida BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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12/10/2021 - Pepper Money Limited Edition Product Updates
Pepper Money has one of their
lowest rates ever and LTVs increased on their Limited Edition products.
Reduced rates to their Pepper 6 Improved affordability
options for those who have not had a CCJ in 6 months.
Variable Income now accepted Boost affordability with
50 of overtime, commission and bonuses weekly, monthly, quarterly and yearly.
Premier Packager Exclusive:
- 85 LTV rates are reduced by 0.05 across Pepper 18,18 Light,12,12 Light,6 & 6 Light, compared to core rates
Residential Limited Edition:
- Expanded to four LTV Bands up to 85 LTV
- 2 Year fixed rates from 2.90
- 5 Year fixed rates from 2.95
- Free valuation
Buy to Let Limited Edition:
- 1 Lender completion fee
- Rates starting from 3.13
- 125 Pay rate for Limited Company, 140 for Private landlords
Residential:
- Rates starting from 3.20
- Max 85 LTV on Pepper 18,12
- Max 80 LTV on Pepper 6
Pepper Premier Exclusive Guide
Pepper Limited Edition RESI
Pepper Limited Edition BTL
Pepper RESI Product Guide
Call the impact team today on 01403 272625 to find out more.
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12/10/2021 - InterBay Product Updates
InterBay Commercial has launched a new
Buy to Let product range with all rates reduced by 0.25 percentage points and
all trail ERCs removed.
Buy to Let Highlights:
- 2 Year fixed rates from 3.99
- 5 Year fixed rates from 4.19
- Up to 80 LTV
- No max loan size
- No max property value
- Multiple properties accepted on a single loan
- HMOs and MUFBs of any size accepted
- More involved ownership structures permitted
View their latest rate card:
InterBay Commercial Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - Dudley Product Updates
Dudley are pleased to reveal that they have enhanced their Right to Buy offering by reducing rates and increasing the LTV,
making the opportunity for your clients to purchase their currently council
owned homes a reality.
Their Discount for Term Right to Buy product now has a
reduced rate of 3.79. The LTV has also been increased to 85,100 of the
discounted purchase price from 80. With no arrangement fee and 400 cashback
paid to the borrower on completion, their aim is to make their RTB products more
accessible for borrowers.
For our existing members, their Right to Buy Further Advance
product also sees a reduced rate to 3.79 over the term of the mortgage, up to
85 LTV.
Furthermore, their Discount for Term Interest Only
and Discount for Term Part and Part products also see a
reduced rate to 3.64. Their Discount for Term Interest Only product is now
available for both purchase and remortgage.
Do not forget that the Society will consider joint borrower, sole proprietor
applications across their whole product range!
View their latest rate card below:
Dudley BS Product Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - UTB Product Updates
United Trust Bank are very happy to announce that they are now widening their qualifying criteria, enabling you and more of your clients to benefit from this service. These include:
1. Maximum net loan has increased to 750k net previously 500k
2. Maximum LTV has increased to 60 previously 55
3. AVMs are now available on deals up to 60 previously 55
- Our AVM increase to 60 can also now be applied to all standard bridging in addition to Fast Track
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05/10/2021 - Kensington Product Updates
Kensington has reduced rates on our Core BTL range and on our HMO and MUB BTL products. In addition, they have also introduced new products across all of our BTL ranges.
Here are some of their highlights:- BTL Core 2 year fixed, 75 LTV from 2.78
- BTL Core 5 year fixed, 75 LTV from 3.19
- BTL Core 2 year fixed, 80 LTV from 3.79
- BTL Core 5 year fixed, 80 LTV from 3.92
- BTL HMO and MUB 2 year fixed, 75 LTV from 2.88
- BTL HMO and MUB 5 Year fixed, 75 LTV from 3.39
- BTL HMO and MUB 2 year fixed, 80 LTV from 3.98
- BTL HMO and MUB 5 year fixed, 80 LTV from 4.09
All of the products on the above rates have a B#1999 product fee.
View their latest rate card below:
Kensington BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - Foundation Home Loans Product Updates
Foundation Home Loans has:
- Withdrawn its four BTL Limited Edition products and relaunched these with a fee assisted offer, therefore, making updates to the initial rate, product fees, application fees and now offering 1 free valuation. The maximum loan size has also been updated to 500k
- Launched four new 65 LTV Limited Edition products also with a maximum loan size of 500k
> Foundation BTL Guide
> Foundation BTL Ltd. Co.Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - Saffron Product Updates
Saffron has announced the launch of their new 90 LTV Self Employed and Contractor products. Both products are available to First Time Buyers.
They have also reduced the rates and extended the end dates of their First Time Buyer products, and extended the end dates of their Self Employed, Contractor, and Owner Occupied ranges.
New Max 90 LTV Self Employed and Contractor Products:
- 4.29 Self Employed 3 Year fixed rate
For those working on a self employed basis, these mortgages are available for applicants with only 1 years accounts.
- 4.19 Contractor 3 Year fixed rate
View their latest rate card:
Saffron RESI Product Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - Vida Homeloans Product Updates
Vida Homeloans has announced new Buy to Let limited
edition products, which are available for personal and SPV ownership. They have also reduced rates on their Standard, HMO and MUB Product Ranges.
Standard Ltd Edition Products:
- 2 Year fixed rate at 2.89
- 5 Year fixed rate at 3.29
- Max 75 LTV
HMO and MUB Ltd Edition Products:
- 2 Year fixed rate at 2.99
- 5 Year fixed rate at 3.39
- Max 75 LTV
Rate Reductions:
- Standard Vida 1, 5 year fixed rates from 2.94
- HMO and MUB Vida 1, 5 year fixed rates from 3.29
Vida BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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05/10/2021 - Masthaven Product Updates
Masthaven has made improvements to their Bridging
products, which includes reductions on the minimum loan size.
Product Updates:
- Minimum loan on Bridging, Specialist Bridging and Refurbishment products has been reduced to 200k
- Rates for loans at 200k now start at 0.43
- Introduction of dual legal representation making the legal process smoother and cheaper for customers
Masthaven Bridging Guide
Call the impact team today on 01403 272625 to find out more.
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28/09/2021 - Kent Reliance Product Updates
Their new further advance products feature 2 and 5 year fixed options with reduced rates for customers looking for additional borrowing up to 1m.
Buy to Let:
- Rates from 3.39
- Up to 85 LTV
- Loans up to 1m
Prime Residential:
- Rates from 3.24
- Up to 90 LTV available
- Loans up to 1m
Near Prime Residential:
- Rates from 3.49
- Up to 85 LTV
- Loans up to 1m
Shared Ownership:
- Rates from 4.04
- Up to 75 LTV
- Loans up to 1m
Kent Further Advance Products
Call the impact team today on 01403 272625 to find out more.
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28/09/2021 - Hampshire Trust Bank Product Updates
HTB are pleased to let you know that they have reduced buy to let rates on their two and five year fixed products with rates starting at 3.84 on their two year product.
Product Updates:
- Two year fixed rates start at 3.84 up to 65 LTV, 3.99 at up to 70 LTV and 4.09 up to 75 LTV
- Five year fixed rates start at 3.99 up to 65 LTV, 4.14 up to 70 LTV
and 4.19 up to 75 LTV
HTB BTL Semi-Commercial Guide
Call the impact team today on 01403 272625 to find out more.
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28/09/2021 - The Mortgage Lender Product Updates
The Mortgage Lender has updated their BTL Criteria and introduced a new Fee Saver product and a Limited Edition HMO and MUB product.
Updated criteria for the Buy to Let product range:
- Increase loan amount for a HMO to 2m
- Increase loan amount for a MUB to 3m
- Increase in New Build to 2m
- Increase in Flats above commercial properties to 2m
- Aggregate lending limit to apply to any type of property
- Separate concentration limits for flats and houses on individual developments and buildings
- Updated concentration limit for small block of flats
- Fee Saver, 2 Year fixed rate at 3.71
- Max 75 LTV
- 0 Lender application fee
- Maximum loan 350k
- Limited Edition HMO,MUB, 5 year fixed rate from 3.20
- Max 75 LTV
TML BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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21/09/2021 - Pepper Money Limited Edition Product Updates
Pepper Money is delighted to share two new Limited Edition Products with you on their Pepper 48 and 36 Residential ranges. Their goal is to help you place more business, and support your customers in the process. They feel both of these new products will be popular for your customers with financial blips from 3 years ago.
Their new Pepper 48 Limited Edition is available at 75 LTV on a 2 year and 5 year fixed term, starting at a rate of 3.07.
The Pepper 36 Limited Edition product at 75 LTV with a starting rate of 3.15, available on a 2 year fixed and 5 year fixed term.
All of their new products come with a lender completion fee of 995.
View their latest rate card below:
Pepper Limited Edition RESI
Call the impact team today on 01403 272625 to find out more.
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21/09/2021 - Precise Mortgages Product Updates
As one of the UKs leading specialist buy to let lenders, Precise Mortgages are delighted to announce both reduced fees and lower rates across our updated buy to let product range.
Personal Ownership, Limited Company
- 2 Year fixed rates from 2.79
- 5 Year fixed rates from 3.09
- Percentage and fixed fee options
- Refunded valuation, max 630 and 500 cashback available on selected products
- 5 Year fixed rates from 3.34
- Percentage and fixed fee options
- Also available on multi units
- Refunded valuation, max 630 available on selected products
Precise BTL Product Guide
Precise Specialist BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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21/09/2021 - Zephyr Product Updates
Zephyr Homeloans has updated their standard Product Range, it includes an 80 LTV
band on loans up to 750,000, which was previously only available in
their Packager Exclusive range.
View their latest rate card below:
Zephyr Product Guide
Call the impact team today on 01403 272625 to find out more.
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21/09/2021 - Landbay Product Updates
Landbay has announced rate reductions to their Special Edition Range
including the addition of two new 5 Year fixed rate Special Edition
Standard property Green products.
New 5 Year Green Products:
- EPC A,B fixed rate of 2.89
- EPC C fixed rate of 2.94
- Loans between 30k and 1.5m
- Max 70 LTV
Special Edition Reductions:
- Standard 2 year fixed rate of 2.79
- Standard 5 year fixed rates starting from 2.89
- Small HMO rates from 2.89
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21/09/2021 - Shawbrook Bank Product Updates
Shawbrook Bank has launched a new Non Portfolio Buy to Let Product with a rate of
3.69. They have also reduced the rates across their BTL range by up to 0.60 on
mortgages up to 1m.
Key Features:
- 5 year fixed rate of 3.69
- Up to 75 LTV
- Available to non portfolio landlords with single dwelling applications
- Must qualify for and proceed with an AVM, eliminating valuation costs
- Available to first time landlords
- 0.9 Proc Fee
Shawbrook Investment & Bridging
Call the impact team today on 01403 272625 to find out more.
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21/09/2021 - Vida Homeloans Product Updates
Vida Homeloans has relaunched a selection of Buy to Let products, which includes rate reductions of up to 0.15 per cent.
Standard Range Rate Reductions:
- 5 Year Vida 1 fixed rates from 3.04 at 70 LTV
- 5 Year Fee Saver fixed rate of 3.29 at 75 LTV
- 5 Year 1 Fee fixed rate of 3.24 at 75 LTV
- 5 Year 4,995 Fee fixed rate of 3.24 at 75 LTV
- 5 Year Flex fixed rate of 3.34 at 75 LTV
Vida BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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13/09/2021 - The Mortgage Lender Product Updates
The Mortgage Lender has reduced rates for
both Residential and Buy to Let product ranges. TML has introduced a new BTL Fee Saver product and a new Limited Edition
HMO, MUB 5 year product.
Residential Updates:
- Reduced rates across all Core, Remortgage and Help to Buy ranges.
Buy to Let Updates:
- 2 Year 75 LTV fee free fixed rate at 3.71
- 0 Lender product fee, 0 Lender app fee
- Max loan 350k
- 5 Year 75 LTV HMO Limited Edition fixed rate at 3.20
- 1 Lender completion fee
TML BTL Product Guide
TML RESI Product Guide
Call the impact team today on 01403 272625 to find out more.
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13/09/2021 - Family BS Product Updates
Family Building Society has reduced rates on
their semi exclusive product range. Their fixed rate products are available for purchase and remortgage on an
Interest Only basis.
Owner Occupier Rates:
- 2 Year fixed rates from 2.99
- 5 Year fixed rates from 3.39
Buy to Let Rates:
- 5 Year fixed rates from 3.24
Buy to Let Ltd. Co. Rates:
- 5 Year fixed rates from 3.39
Expat Buy to Let Rates:
5 Year fixed rates from 3.69View their latest rate card below:
Family BS Semi-Exclusive Guide
Call the impact team today on 01403 272625 to find out more.
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13/09/2021 - Landbay Product Updates
To meet the growing demand for larger loan sizes for buy to let, Landbay launched a series of new five year products for loans up to 1.5m:
New 5 year fixed large loan products:
- Standard: 75 LTV, Up to 1.5m at 3.24
- Small Portfolio Landlord Standard: 75 LTV, Up to 1.5m at 3.14
- New Build Standard: 65 LTV, Up to 1.5m at 3.24
- New Build Standard: 75 LTV, Up to 1m at 3.34
- Small HMO or MUFB: 75 LTV, Up to 1.5m at 3.59
- Large HMO or MUFB: 75 LTV, Up to 1.5m at 3.99
- New Build Small HMO and MUFB: 75 LTV, Up to 1m at 3.69
Landbay Product Guide
Call the impact team today on 01403 272625 to find out more.
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06/09/2021 - Foundation Home Loans Product Updates
Foundation Home Loans has refreshed their
Buy to Let range, including fee reductions up to 1 per cent and rate cuts up to 0.25 per cent. They have also introduced new flat fee Short Term Let products.
Product Updates:
- Reduced percentage product fees on all 2 year fixed rate products to 1 per cent
- 2 year variable discount products (with no ERCs) including Green ABC are unchanged
- Reduced percentage product fees on their 5 year F1 and F2 products (standard property) to 1.5 per cent
- Rate reductions across the range of up to 0.25bps
Foundation BTL Guide
Foundation BTL Ltd. Co. Guide
Call the impact team today on 01403 272625 to find out more.
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06/09/2021 - Fleet Mortgages Product Updates
Fleet Mortgages has announced price
reductions across their entire product range.
Product Highlights:
- Free / Discounted Valuations
- Lifetime Tracker Rates with no ERCs
- All 5 year products benefit from payrate rental calculations
Standard BTL Products:
- 2 Year fixed rates from 2.89
- 5 Year fixed rates from 3.14
- Max 80 LTV
Limited Company and LLP Products:
- 2 Year fixed rates from 2.89
- 5 Year fixed rates from 3.14
- Max 80 LTV
HMO and MUFB Products:
- 2 Year fixed rates from 3.24
- 5 Year fixed rates from 3.43
- Max 75 LTV
Fleet BTL Product Guide
Call the impact team today on 01403 272625 to find out more.
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06/09/2021 - Marsden BS
Marsden Building Society has updated their portfolio and wants to tell you about the changes they have made.
Residential
- New 80 LTV fixed rate product at 1.59 available on repayment only
Expat Buy to Let
- New fixed rate product at 2.99 available up to 65 LTV on repayment or 60 LTV on interest only
Do not forget...
All products feature free valuations on properties up to the value of 500k and legal assist on your remortgage cases.
View their lastest rate cards below:
Call the impact team today on 01403 272625 to find out more.
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31/08/2021 - Bluestone Product Updates
Bluestone has announced rate
reductions up to 1.87 across all products.
Key Product Criteria:
- No Credit Scoring
- Up to 4 defaults and 3 CJJs allowed in the last 3 years per application (unsatisfied)
- Up to 2 missed payments per unsecured credit in the last 6 months
Residential Range Highlights:
- 2 Year fixed rates from 3.45
- 3 Year fixed rates from 3.48
- 5 Year fixed rates from 3.50
- Available for purchase and remortgage
- Max 85 LTV
Buy to Let Range Highlights:
- 2 Year fixed rates from 4.45
- 3 Year fixed rates from 4.48
- 5 Year fixed rates from 4.50
- Max 80 LTV
Help to Buy Range Highlights:
- 5 Year fixed rates from 4.50
- Max 75 LTV
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31/08/2021 - Kensington Product Updates
Kensington Mortgages are pleased to advise that they have lowered their rates across their Residential products on their Select criteria and introduced a new 70 LTV product range:
- Select Residential 70 from 2.98
- Select Residential 75 from 3.09
- Select Residential 80 from 3.35
- Select Residential 85 from 3.79
- Hero Mortgage now from 3.05
- eKo Cashback Mortgage and New Build eKo Reward both from 3.29
- Young Professional now from 3.09
- Large Loan mortgages now from 2.99
Plus... lower Help to Buy rates, with free valuation:
- 3.89 for 2 year fixed
- 3.99 for 5 year fixed
And one more... NEW Special, get it while you can!
- 65 LTV 5 year special at 2.99 (999 fee)
- available for purchase (inc free val) and remortgage (inc free val PLUS either free legal or 250 cashback).
View their latest rate card below:
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31/08/2021 - Masthaven Product Updates
Masthaven are pleased to announce reductions on their residential first charge range:
- 2 Year Fixed now from 3.04
- 5 Year Fixed now from 3.34
- 2 Year Fixed Fees Free now from 3.54
- 5 Year Fixed Fees Free now from 3.64
They are also delighted to bring back a range of criteria as well as extend their AVM policy:
- Additional earnings like bonus and overtime now included in affordability
- Bank statements no longer required for all self employed and Buy to Let cases (though in certain circumstances we may need to see them)
- Projections now considered for self employed
- AVMs now considered for purchase and Buy to Let cases, and up to 350,000 on both first and second charge
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24/08/2021 - Landbay Product Updates
Landbay
has refreshed their prices
across all products by up to 0.21. They have also launched three new 5 year fixed rate products across their Green
Product Range.
New 5 Fixed Year Green Products:
- 5 Year standard fixed rate at 3.19
- 5 Year fixed rate at 3.09 for properties with an EPC rating of A or B
- 5 Year fixed rate at 3.14 for properties with an EPC rating of C
- Loans between 30k and 1.5m
- Max 70 LTV
Landbay Product Guide
Call the impact team today on 01403 272625 to find out more.
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24/08/2021 - Harpenden BS Product Updates
Harpenden Building Society has launched new
rates for their Self Build product range.
The Self Build range is available for Purchase, Remortgage and Release of
Equity on: New Builds, Conversions, Knock Downs, Re Builds and Refurbishments.
Self Build Products:
- 3.69 Fixed rate for loans between 75k and 999,999
- 4.19 Fixed rate for loans between 1m and 2m
- Standard Self Build at 65 LTV
- Premium Self Build at 75 LTV
- 300 Lender application fee, refunded upon completion
- No ERCs
- Flexible construction types, valuer comments dependent
Specialist Product Guide
Call the impact team today on 01403 272625 to find out more.
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24/08/2021 - Precise Mortgages Limited Edition Products
Precise Mortgages has launched their new range of limited edition Buy to Let products. These products are available for both personal ownership and limited company
lending.
|
Limited Edition Product Criteria:
Precise BTL Product Guide Precise Specialist BTL Product Guide Call the impact team today on 01403 272625 to find out more. |
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24/08/2021 - Dudley Product Updates
Dudley Building Society has simplified their five year fixed rate product range and launched a
new five year fixed rate product, which is ideal for your clients with limited
deposits, with the added security of a longer product term.
|
New Five Year Fixed Rate Product:
Dudley BS Product Guide Call the impact team today on 01403 272625 to find out more. |
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24/08/2021 - Zephyr Product Updates
Zephyr has reduced their 2 and 5 year fixed rates by 0.10 to 0.15 for both
Standard and Specialist HMO and MUFB products, up to 75 LTV.
No upfront lender application fees and zero product fee options across the
product range.
Standard Range:
- 2 and 5 Year fixed rates starting from 2.64
- Max 75 LTV
- Min loan size 1m
- Max loan size 2m
Specialist HMO and MUFB Range:
- 2 and 5 Year fixed rates starting from 2.99
- Max 75 LTV
- Min loan size 1m
- Max loan size 1.5m
Call the impact team today on 01403 272625 to find out more.
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16/08/2021 - Pepper Limited Edition Products
Pepper
Money has released three exciting
Limited Edition products which include:
Residential. Pepper
48 Light
is suitable for customers who have not had a Default in the last 48 months and
who have never had a CCJ.
Buy to Let, Pepper 60
where rent coverage is at the lowest ever Buy to Let rate.
Limited Edition Residential:
- 5 Year fixed rate from 3.23
- Max 65 LTV
- Loans between 25k and 1m
- 995 Lender completion fee
- No CCJs or Defaults in the last 48 months
Limited Edition Buy to Let:
- 5 Year fixed rate from 3.13
- Max 75 LTV
- Loans between 25k and 1m
- 2 per cent Lender completion fee
- For purchase, remortgage
- Calculated 125 per cent interest coverage for Limited Companies and 140 per cent for private landlords
Pepper Limited Edition RESI Guide
Pepper Limited Edition BTL Guide
Call the impact team today on 01403 272625 to find out more.
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16/08/2021 - UTB Product Launch
With immediate effect, the maximum loan size
for First Charge Residential Mortgages has increased to 750k, details below:
Purchase and Remortgage plans:
- 0 Status loans, up to 85 LTV
- 2yr, 3yr and 5yr fixed rates from 3.80
- First Time Buyers accepted
- Max 4.50 LTI on loans over 500k
View the latest rate card below:
UTB Residential Product Guide
Call the impact team today on 01403 272625 to find out more.
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04/08/2021 - Kent Reliance launch RESI 90% products
Kent Reliance has launched new residential products.
Their enhanced range features reduced rates, now from 3.24%, with loans as high
as 3m at 90% LTV.
Product Highlights:
- Up to 90% LTV
- 2-year fixed rates from 3.24%
- 5-year fixed rates from 3.39%
- Loans up to 3m
- Minimum property value 75k
- Interest-only options at 85% LTV
- Complex income accepted including contractors and self-employed applicants
View their latest rate card:
Speak to the impact team today on 01403 272625 to find out more.
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04/08/2021 - Foundation no-fee portfolio product
Foundation Home Loans has launched a
new 5-year fixed rate with no product fee, no application fee, and one free
standard valuation, exclusively for portfolio landlords with an almost clean
credit history (those who have 4+ properties in the background).
Product Launch:
- New F1 5-year fixed at 3.39% to 75% LTV
This product complements their 2-year and HMO Limited Edition products, all of which benefit from:
- No product or application fee, one free standard valuation
- Are available for both purchase and remortgage
- For individuals and limited companies
- Max loan B#750k, min B#50k
- No limit to portfolio size, max borrowing of B#5m
View their latest rate cards:
Foundation BTL Guide
Foundation BTL Ltd. Co. Guide
Speak to the impact team today on 01403 272625 to find out more.
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28/07/2021 - Saffron reduce First Time Buyer rates
Saffron has reduced their rates and extended the end
dates on their First Time Buyer products.
Product Highlights:
- Max 95% LTV
- 2 year Fixed from 3.57%
- 5 year Fixed from 3.77%
- Minimum loan size: 30k
- Maximum loan size: 500k
- Gifted Deposits acceptable
- Free Valuation and No Arrangement Fee
Saffron Residential Product Guide: https://bit.ly/3zDZjBE
Call the impact team on 01403 272625 to find out more.
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27/07/2021 - Kensington Product Launch
Kensington are pleased to announce from today, they have increased their product offering so you can help even more of your clients.
Residential Range
Say hello to Resi 6, the new credit recovery range:
- For those with a small credit blip more than 6 months ago
- Up to 85 LTV
- Options include fee and no fee, as well as free valuations and legal
- Max loan 500k
- Not available to first time buyers.
They are back, rates to 95 LTV:
- For purchase only
- Rates starting from 5.19 for 2 year fixed
- Fee and no fee options available
Now your landlord clients can go green too:
The eKo 1,000 cashback mortgage pays your client for improving the propertys energy efficiency within 12 months. For both purchase or remortgage, up to 85 LTV for 2 or 5 year fixed term
New Build eKo Reward Mortgage pays 500 cashback upon completion when purchasing a New Build property already rated A or B for energy efficiency
Rates up to 85 available for 2 or 5 year fixed term
Special rates, get them while you can:
For purchase & remortgage:
- Resi, 2 year fixed, 70 LTV, 1.99, 1,999 fee
- Resi, 2 year fixed, 85 LTV, 4.44, no fee
- BTL, 2 year fixed, 75 LTV, 2.59, 4,000 fee
- BTL, 5 year fixed, 75 LTV, 2.95, 1.75 fee
- Resi, 2 year fixed, 80 LTV, 3.89, no fee, 500 Cashback
Kensington Mortgages Residential Product Guide: https://bit.ly/2UT7POv
Kensington Mortgages Buy to Let Product Guide: https://bit.ly/3y7Jd2J
Call the impact team today on 01403 272625 to find out more.
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27/07/2021 - Shawbrook Bank Product Updates
Shawbrook Bank has revealed their refreshed Commercial Investment offering, which includes:
- A new limited edition 70 LTV tranche added to their Semi Commercial range
- A simplified product structure based on mortgage size
- Reduced rates, now starting at 4.89
- The removal of our complex commercial product
- Max 70 LTV tranche to their Semi Commercial offering
- 5 year fixed rate at 5.34 on mortgages over 150k
Much like their recently refreshed BTL range, Shawbrook has introduced 3 product bandings based on mortgage size, which are:
- Over 1m
- Between 150,001 to 1m
- Up to 150k
Pricing has reduced across the range, with rates now starting as low as 4.89 on semi commercial mortgages over 1m.
View their latest rate card:Shawbrook Bank Product Guide: https://bit.ly/3f0Q5re
Call the impact team today on 01403 272625 to find out more.
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26/07/2021 - Foundation Product Launch
Foundation
Home Loans has added two new No Fee 2 year fixed rate products to their buy to let range exclusively for portfolio
landlords those who have 4 or more properties.
Criteria Highlights:
- 2 Year fixed rates from 3.24
- No Product Fee
- One Free Standard Valuation
- No Application Fee
- Up to 75 LTV
- Min loan 50k and Max loan 750k
- For both Purchase and Remortgage
- For Individuals and Limited Companies
- No Limit to Portfolio Size, Subject to Max Borrowing of 5m with Foundation
Foundation Home Loans Buy to Let Product Guide: https://bit.ly/3i30btC
Foundation Home Loans Limited Company Buy to Let Product Guide: https://bit.ly/3BG3Sgy
Call the impact team today on 01403 272625 to find out more.
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26/07/2021 - Precise Mortgages Product Updates
Precise
Mortgages has introduced new Limited
Edition BTL products, available
for personal ownership and limited company tax structures. New 80 LTV products which are now available for personal ownership and limited
company tax structures including HMO properties.
Limited Edtion BTL Range:
- 5 Year fixed at 3.34 with reduced fees
- Available up to 75 LTV
- Max loan size 1m
80 LTV BTL Product Range:
- 2 Year fixed rates from 3.79
- 5 Year fixed rates from 3.99
- Refund of valuation fee (Max 630)
- Loans between 75k and 3m
Precise Mortgages Buy to Let Product Guide: https://bit.ly/3zzOuk3
Precise Mortgages Specialist Buy to Let Product Guide: https://bit.ly/373eOGZ
Precise Mortgages Residential Product Guide: https://bit.ly/2TwQnij
Speak to the impact team today on 01403 272625 to find out more.
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26/07/2021 - Vida Homeloans Product Updates
Vida Homeloans has reduced the rates across their Residential
product range.
Product Highlights:
- 2 Year rates from 2.99
- 5 Year rates from 3.29
- Up to 85 LTV is available
- Large Loans available up to 1.5m
- Free Valuation
- 0 Lender Product Fee
- Complex incomes and low credit scores
Vida Residential Guide: https://bit.ly/371BmYY
Call the impact team today on 01403 272625 to find out more.
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20/07/2021 - Pepper Money Product Updates
Pepper Money has made a host of exciting
updates to their criteria and rates. This includes a full reprice of their
Residential and Buy to Let ranges, with enhanced LTV bands. They have also launched their first cashback product, and extended their
popular Pepper 60 product tier to 80 LTV for landlords with no CCJs, defaults
or secured missed payments in the last 5 years.
Key Residential Updates:
- Rates starting from 3.20
- 85 LTV across Pepper 24
New 500 Cashback Product:
- Available on Pepper 24, Pepper 18 and Pepper 12
- Max 80 LTV
Pepper 60 Buy to Let Range:
- 5 Year fixed from 3.23
- Max 80 LTV
- Available for Limited Company and Private Landlords
Pepper 24 and 24 Light Range:
- CCJs, defaults or secured missed payments more than 2 years
- Max 85 LTV
Pepper Money Residential Product Guide: https://bit.ly/2Tl7sLO
Pepper Money Buy to Let Product Guide: https://bit.ly/3hX2ajn
Pepper Money Ltd.Co. Buy to Let Product Guide: https://bit.ly/3Bme2Ty
Pepper Money Limited Edition Buy to Let Product Guide: https://bit.ly/3zh5Odv
Call the impact team today on 01403 272625 to find out more.
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20/07/2021 - Zephyr Product Updates
Zephyr Homeloans has reduced the rates across their core product range. They now offer loans up to 2m (on Standard properties at 65 LTV) and 2 and 5 year fixed rates up to 75 LTV on both Standard and Specialist property types, with no upfront application fees.
All Zephyr products are available to Individual or Limited Company (SPV) applicants for purchases or remortgages, either as a single mortgage or on a portfolio basis.
Standard Products:
- 2 Year fixed from 2.84
- 5 Year fixed from 3.04
- Max loan size 2m
- Max 75 LTV
Specialist HMO and MUFB:
- 2 Year fixed from 3.14
- 5 Year fixed from 3.43
- Max loan size 1.5m
- Max 75 LTV
Specialists New Builds and Flats Above Commercial:
- 2 Year fixed from 3.14
- 5 Year fixed from 3.43
- Max loan size 750k
- Max 75 LTV
Zephyr Product Guide: https://bit.ly/3ixjZV9
Call the impact team today on 01403 272625 to find out more.
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20/07/2021 - Kensington Product Updates
Kensington Mortgages has announced new
rates added to their large loan offering, as well as lower rates across their
90 LTV products.
Special Rates
Available:
- Residential Special, 2 year fixed 70 LTV at 1.99
- Buy to Let Special, 2 year fixed 75% LTV at 2.59
Residential 90 LTV:
- 2 Year fixed rates from 4.69, 1,299 fee
- 5 Year fixed rates from 4.89, 1,299 fee
- Available for Purchase and Remortgage
- Min loan size 25k
- Max loan size 1m
Large Loan 500k - 2m:
- 2 Year fixed 75 LTV, 2.99
- 2 Year fixed 80 LTV, 3.44
- 5 Year fixed 75 LTV, 3.39
- 5 Year fixed 80 LTV, 3.64
Kensington Mortgages Residential Guide: https://bit.ly/3kDheEu
Call the impact team today on 01403 272625 to find out more.
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19/07/2021 - TML New Products
The Mortgage Lender has launched
their Holiday and Short Term Let product range, these new products are
available to Individuals and Limited Companies including Limited Liability
Partnerships (LLP).
Holiday & Short Term Let
- Rates from 3.67
- Loans between 50k and 1m
- Available on Purchases and Remortgages
TML BTL Product Guide: https://bit.ly/3rh0nsk
Call the impact team today on 01403 272625 to find out more.
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19/07/2021 - Masthaven Limited Edition Products
Masthaven has announced the launch of their
limited edition rates for Buy to Let products, with rates starting from 2.75.
Highlights:
- 2 Year fixed rates from 2.75
- 5 Year fixed rates from 3.09
- Max 75 LTV
- Minimum loan size 40k
- Maximum loan size 1m
- 150 Lender application fee
- No credit scoring
- Unlimited gifted deposits/equity
- Individual or professional landlord
Masthaven Limited Edition Product Guide: https://bit.ly/36SbfTT
Call the impact team today on 01403 272625 to find out more.
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19/07/2021 - Landbay Product Updates
Landbay
has reduced rates on its
core product range by up to 0.24, making its range of buy to let mortgages
even more competitive. Green Buy to Let mortgage rates have also been reduced by up to 0.14 starting
from 2.99.
Highlights:
- MUFBs mortgages for first time landlords starting from 3.49
- New large loan, 65 LTV 5 year cashback products starting at 3.24
First-time landlords Small HMOs:
- 2 year fixed rate at 3.49
- 5 year fixed rate at 3.79
- 1.5 Lender arrangement fee
- Available for Limited Companies and Individuals
Landbay Product Guide: https://bit.ly/3rkllXg
Call the impact team today on 01403 272625 to find out more.
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13/07/2021 - Kent Reliance New Products
Kent
Reliance has enhanced their buy to
let range, including reduced rates, now from 2.99 with loans as high as 3m at
80 LTV.
Product Criteria:
- Max 80 LTV
- 2 Year fixed rates from 2.99
- 5 Year fixed rates from 3.44
- Minimum loan 50k
- Maximum loan 3m
- When the LTV exceeds 75 a minimum loan of 100,000 is applicable
- Lender fee from 0.50
- Portfolio landlords accepted
- Available to individual and Limited Company
- HMO/MUFBs with up to 10 bedrooms/units accepted
- Minimum property value 75k
Kent Reliance BTL Product Guide: https://bit.ly/3i6Ah7e
Call the impact team today on 01403 272625 to find out more.
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13/07/2021 - Bluestone Product Updates
Bluestone
has increased their LTV
limits on selected products and introduced new rates across their product
ranges.
Key Product Criteria:
- Max 85 LTV on selected products
- No Credit Scoring
- Up to 4 defaults and 3 CCJ allowed in the last 3 years per applicant unsatisfied
- Ignore all CCJs and Defaults under 300
- Up to 2 missed payments per unsecured credit in the last 6 months
Bluestone Product Guide: https://bit.ly/3kdoKpa
Speak to the impact team today on 01403 272625 to find out more.
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13/07/2021 - Foundation Product Launch
Foundation
Home Loans has made changes to their
buy to let range, including a new product available exclusively to portfolio
landlords. Foundation calculates ICR at pay rate on 5 year fixes, at 125 for Limited
companies and basic rate taxpayers and 145 for others.
Rate Reductions:
- F1 80 LTV product reduced by 0.30 to 3.99
- F1 5 Year fixed rate at 2.99, up to 75 LTV
- One free standard valuation
- 2 Lender product fee
- For purchases and remortgages up to 750k
- Portfolio landlords only with 4 properties or more
New 5 Year fixed F2 products:
- Three new 80 LTV 5 year fixed rates on F2 tier
- Max 80 LTV on F2 range
- 1,495 flat lender product fee
- For purchases and remortgages up to 500k
- Versions available for HMOs, large HMOs and MUB
Foundation BTL Product Guide: https://bit.ly/2T5YHFh
Foundation BTL Ltd.Co Product Guide: https://bit.ly/36tRke2
Call the impact team today on 01403 272625 to find out more.
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13/07/2021 - The Mortgage Lender New Products
The
Mortgage Lender has launched four new Buy
to Let products, along with reduced rates and fees across their range, making
products more competitive for landlords.
Highlights:
- Limited Edition rates reduced by 0.15 bps
- Limited Edition 2 year fixed rate at 3.35 with 1 completion fee
- 5 year fixed rate at 3.44 with a 2,495 completion fee
- Remortgage Only 5 Year fixed rate at 3.49
- Max 75 LTV
- Loans between 50k and 3m
The Mortgage Lender BTL Product Guide: https://bit.ly/3xFJPMQ
Call the impact team today on 01403 272625 to find out more.
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13/07/2021 - Harpenden BS Product Updates
Harpenden Building Society has increased their Holiday Let LTVs, for the increasing amount of
people looking closer to home for a realistic holiday option. As part of Harpendens criteria, they require that customers have surplus funds
available to afford the mortgage and running costs for up to 6 months should
the property be without guests for a period.
Holiday Let:
- 2 Year Discount, rates from 3.44
- Max LTV Interest Only 70
- Max LTV Repayment 75
- Gifted deposits and equity accepted must be from a family member
- Employed, self employed or contractors
Holiday Home/Second Home:
- 2 Year Discount, rates from 3.44
- Max LTV Interest Only 75
- Max LTV Repayment 80
- Min Loan 75k
- Max Loan 2m
Harpenden BS Product Guide: https://bit.ly/3r33UdG
Call the impact team today on 01403 272625 to find out more.
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13/07/2021 - Fleet Mortgages Product Updates
Fleet Mortgages has announced price reductions across their entire Buy to Let product
range.
Product Highlights:
- Rates starting at 2.99
- Rental Calculations from 125 at 3.29
- Up to 80 LTV
- Free/Discounted Valuations
- Lifetime Tracker Rates with no ERCs
- All 5 Year products benefit from pay rate rental calculations
Fleet Mortgages Buy to Let Product Guide: https://bit.ly/3ySMgfe
Call the impact packaging team today on 01403 272625 to find out more.
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13/07/2021 - Together Product Updates
Together has reduced their buy to let mortgage rates to their lowest ever.
Product Updates:
- Reduced rates to 4.99 for loans over 200k
- Second Charge variable rate is 5.99 for loans over 100k
- Max 75 LTV
- Min loan 50k
- Max loan 250k
- Arrangement Fee 2.50
- No ERC
Together Personal Finance Product Guide: https://bit.ly/36w9Sdu
Call the impact team today on 01403 272625 to find out more.
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06/07/2021 - Foundation Product Updates
Foundation
Home Loans has announced the launch of
Six Green ABC Purchase Only products, which includes 3 BTL and 3 LLC. All six products are 2 years discounts starting from an initial rate of 1.99 at 75 LTV with no ERC.
Product Launch:
- 2 Years discounts starting from an initial rate of 1.99
- Max 75 LTV with no ERC
- Min loan 50k
- Max loan 1m
- Green ABC Purchase EPC A - where the security has an EPC rating of A
- Green ABC Purchase EPC B - where the security has an EPC rating of B
- Green ABC Purchase EPC C - where the security has an EPC rating of C
Foundation Buy to Let Product Guide: https://bit.ly/3AvTkjC
Foundation Limited Company Buy to Let Product Guide: https://bit.ly/3ysb7q9
Call the impact team today on 01403 272625 to find out more info.
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06/07/2021 - InterBay Product Updates
InterBay Commercial are pleased to announce the introduction of several key changes across their Buy to Let and Holiday Let product ranges.
LTVs increased on Buy to Let Loans:
- 2 Years fixed - 80 LTV at 4.54
- 5 Years fixed - 80 LTV at 4.74
- No maximum loan amount
- Larger HMOs or MUFBs now available up to 80 LTV
- No limit on the maximum number of bedrooms or units for HMOs or MUFBs (previously up to 20 beds or units)
- 2 Year fixed - 70 LTV at 4.29
- 0 Product fee
- Loans up to 500k
InterBay Commercial Product Guide: https://bit.ly/3yoE6v1
Call the impact team today on 01403 272625 to find out more info.
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06/07/2021 - Precise Mortgages Product Updates
Precise Mortgages has launched a brand new residential range with
lower rates, loans available up to 85 LTV and solutions for customers with
wider levels of adverse.
Prime - Tiers 1 and 2
- Available up to 85 LTV
- 2 Year fixed from 3.29
- 5 Year fixed from 3.44
- Available up to 80 LTV
- 2 Year fixed from 3.99
- 5 Year fixed from 4.29
View the latest rate card below:
Precise Mortgage Residential Product Guide: https://bit.ly/2TwQnij
Call the impact team today on 01403 272625 to find out more.
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05/07/2021 - TML Product Changes
The
Mortgage Lender has reduced their rates and
fees across their buy-to-let range. Their new rates mean they can offer more
choice and flexibility to all kinds of landlords. TML has also introduced two and five year, limited edition mortgages, each with
a completion fee of 1.
Reduced Rates:
- 2 Year Fixed Rate, 75 LTV changed from 3.50 to 3.35
- 5 Year Fixed Rate, 70 LTV changed from 3.39 to 3.24
- 5 Year Fixed Rate, 75 LTV changed from 3.46 to 3.31
Updates:
- 5 Year fixed remortgage at 75 LTV (non-portfolio)
- 2 & 5 Year limited-edition mortgages with 1 completion fees
TML BTL Guide: https://bit.ly/35W2hEL
Call the impact team today on 01403 272625 to find out more.
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05/07/2021 - Vida Homeloans Product Updates
Vida
Homeloans has reduced the pricing on
their fixed fee Limited Edition range, with each initial rate being reduced by
10bps. Vida has also increased and added new rates to both their Residential Vida 1
and Help to Buy product ranges.
Limited Edition BTL range:
- 2 Year, 75 LTV at 3.14
- 5 Year 75 LTV at 3.39
- 2 Year 75 LTV for HMO at 3.29
- 5 Year 75 LTV for HMO at 3.64
Residential Vida 1 Products:
- 2 Year, 70 LTV at 3.24
- 2 Year, 75 LTV at 3.29
- 2 Year, 80 LTV at 3.69
- 2 Year, 85 LTV at 4.29
- 5 Year, 85 LTV at 4.29
Help to Buy Vida 1 Products:
- 2 Year, 75 LTV at 3.94
- 5 Year, 75 LTV at 4.24
Vida BTL Guide: https://bit.ly/3xkqaSG
Vida Resi Guide: https://bit.ly/3hDfzeY
Vida HTB Guide: https://bit.ly/2SOmc5L
Speak to the impact team today on 01403 272625 to find out more.
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05/07/2021 - Together Product Updates
Together has announced the launch of their lowest ever
rates across First Charge and Buy to Let product ranges. In addition to this, Together has extended their temporary enhanced AVM
criteria to ensure clients are not impacted by the delays in obtaining full
valuations.
First Charge Products:
- 2 Year fixed rate prime plus, reduced rates to 3.59 for capital and repayment loans and 4.09 for interest-only
- 5 Year fixed rate prime plus, at 4.99 for capital and repayment loans and 5.49 for interest-only
- Max 75 LTV for new purchase
- Max 70 LTV for remortgages
Buy to Let Products:
- Reduced the rate to 4.99 for loans over 200k
- Second Charge variable rate is 5.99 for loans over 100k
Together Personal Finance: https://bit.ly/3xkpvAG
Together Commercial Finance: https://bit.ly/2TzJHzG
Call the impact team today on 01403 272625 to find out more.
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28/06/2021 - Foundation New Products
Foundation Home Loans has launched a new
limited edition, remortgage only 5 year fixed BTL product, designed to support
those landlords looking to secure a highly competitive pay rate and rental
calculation with reduced upfront costs.
New Limited Edition Product:
- F1 5 year fixed
- Rates from 3.19 per cent
- Available up to 75 LTV
- Remortgage only product
- 1 Per cent Product Fee
- Min loan 200k
- Max loan 1m
- 500 Cashback upon completion
- ICR calculated at the pay rate, and at only 125 for limited companies and basic rate taxpayers, and 145 for others
Foundation BTL Product Guide: https://bit.ly/3jlzJfO
Foundation Ltd. Co. BTL Product Guide: https://bit.ly/3xYS7PN
Call the impact team today on 01403 272625 to find out more.
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28/06/2021 - The Mortgage Lender New Products
The Mortgage Lender has announced three
new products on their Buy to Let range. TML has also reduced rates across Core,
Multi-Loan and Expat product ranges.
New Products:
- 2 year fixed 75 LTV Limited Edition at 3.50 with 1.00 competition fee
- 5 year fixed 75 LTV at 3.44 with a 2,495 completion fee
- 5 year fixed 75 LTV Non-Portfolio ( 3 properties of less), Re-mortgage only at 3.49 with a 1.00 Competition fee and a free valuation
The Mortgage Lender BTL Product Guide: https://bit.ly/35W2hEL
Call the impact team today on 01403 272625 to find out more.
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28/06/2021 - Dudley New Products
Dudley Building Society has made changes to
their BTL, by introducing a new two year fixed rate BTL, which aims to support
prospective landlords. Dudley has also made amendments to their self build product range, supporting
borrowers to achieve their dreams of building their own custom home.
Specialist Buy to Let:
- 2 year fixed rate at 3.69
- 70 LTV
- Loans from 25k to 1m
- 750 Product Fee
- Available for purchase and remortgage
Specialist Self- Build:
- 0.75 Self Build Discount for Term Advance rate at 4.74
- 1.00 Self Build Discount for Term Arrears rate at 4.49
- Max 80 LTV
- Loans from 100k to 1m
- 1k Product Fee
- Available for purchase and remortgage
Dudley BTL Product Guide: https://bit.ly/3h2jxPf
Call the impact team today on 01403 272625 to find out more.
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22/06/2021 - Landbay Product Updates
Landbay has launched their new Green Mortgage product
range, which is aimed at slightly older properties to incentivise and reward
energy-efficient rental properties.
These are suitable for standard properties, non-portfolio loans, small HMOs and
MUFBs, that were registered with the land registry at least 24 months ago with
an EPC rating of C and above.
Highlights:
- For EPC A/B and EPC C rated properties
- 0.1 or 0.05 rate reductions
- Rates from 3.09
- Max 75 LTV
- Min Loan 30k
- Max Loan 2m
- Suitable for Standard, non-portfolio, Small HMOs and MUFBs
New Rate Reductions: Large HMO and Large MUFB Products
- 2 Year 70 rates from 3.69
- 2 Year 75 rates from 3.79
- 5 Year 70 rates from 3.89
- 2 Year 75 rates from 3.99
Landbay Product Guide: https://bit.ly/3gRjXXb
Speak to the impact team today on 01403 272625 to find out more.
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22/06/2021 - Kensington Product Updates
Kensington has introduced two new Buy to Let rates for
individual and limited company landlords.
Product Updates:
- 2 year fixed, 75 LTV at 2.99 with 1.5 fee
- 5 year fixed, 75 LTV at 3.34 with 1.75 fee
- Min Loan 25k
- Max Loan 750k
- Purchase and Remortgage
Kensington BTL Product Guide: https://bit.ly/2SnTLvi
Call the impact team today on 01403 272625 to find out more.
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22/06/2021 - Marsden Building Society New Products
Marsden Building Society has announced their
new Shared Ownership products which are now available to help clients onto the
property ladder.
Buyers have the option to purchase a share of a home through a housing
association. Shared Ownership mortgages mean your client will pay rent on the
rest with part buy-part rent homeownership.
|
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21/06/2021 - Masthaven Product Changes
Masthaven
has updated their product
criteria across their mortgage ranges, including First Charge Residential and
Buy to Let.
First Charge Residential:
- 80 LTV now accepted
- Rates starting from 3.74
Buy to Let:
- HMO/Student accommodation now accepted on single or multiple ASTs
- Trading companies no longer accepted - but SPVs are
Masthaven First Charge Product Guide: https://bit.ly/3wF3c8p
Masthaven Second Charge Product Guide: https://bit.ly/3d01Aym
Masthaven BTL Product Guide: https://bit.ly/2TSK48d
Call the impact team today on 01403 272625 to find out more.
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21/06/2021 - Hampshire Trust Bank Product Updates
Hampshire Trust Bank has reduced the price for loans on their Buy-to-Let product range.
HTB provides lending solutions for Ltd companies, expats, trusts on and offshore and foreign nationals. They can also lend on semi-commercial and holiday lets.
Product Updates:
- Reduced price for loans from B#200k to 500k by 30/40 bps
- Max 75 LTV
Specialist BTL & HMO
- 2 Year rates from 3.78
- 5 Year rates from 4.09
Semi-Commercial
- 2 Year rates from 4.55
- 5 Year rates from 4.65%
HTB BTL Semi Commercial Product Guide: https://bit.ly/3gLarpY
Call the impact team today on 01403 272625 to find out more.
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21/06/2021 - Shawbrook Bank Product Updates
Shawbrook
Bank has enhanced their Buy to
Let product offering by keeping things simple with just one BTL and HMO
product but have introduced bandings based on loan size.
New Product Bandings:
- Loans over 1m
- Loans between 150k and B#1m
- Loans less than 150k
Updates:
- Reduced pricing across their large loan proposition with rates starting at 4.14
- Term loans from 40k to 25m
- Max 75 LTV
Shawbrook Bank Product Guide: https://bit.ly/2TR1ySs
Call the impact team today on 01403 272625 to find out more.
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15/06/2021 - Foundation Product Updates
Foundation has updated its residential product range. Separate First Time Buyers products have permanently been removed and are now available on All F1 (excluding Green Reward/remortgage only), All F2 products and F3 products up to 75 LTV.
New Products:
- New 2-year and 5-year fixed rates to 90 LTV
- All F1 & F2 up to 75 LTV
- F1 rates from 2.79
- F2 rates from 2.99
- F3 range now available to First Time Buyers
- F3 up to 80 LTV
- F1 and new F2 fee assisted products are available for purchase & re-mortgage
Foundation Residential Product Guide: https://bit.ly/3wtZ0It
Speak to the impact team today on 01403 272625 to find out more.
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14/06/2021 - Family New Semi-Exclusive
- 5 Year fixed rate to 30/09/2026
- Initial interest rate 3.09
- Max 60 LTV
- 5 Year fixed rate to 30/09/2026
- Initial interest rate 3.34
- Max 75 LTV
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14/06/2021 - Dudley New Products
- 3.79 Two Year Fixed Energy Efficient Remortgage
- 3.79 Rate
- 80 LTV
- Remortgage Only
- 950 cashback, must be used to upgrade the EPC rating of the property to a minimum of B
- 3.79 Three Year Fixed Rate Energy Efficient BTL Remortgage
- 3.79 Rate
- 70 LTV
- Remortgage Only
- 950 cashback, must be used to upgrade the EPC rating of the property to a minimum of C
- 2.10 Two Year Discount Energy Efficient Further Advance
- 2.89 Rate
- 70 LTV
- Further Advances only
- Cashback of 0.50 of the loan amount
- Examples of accepted home improvements include: insulations, double glazing, solar panels, window improvements and boiler upgrades
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09/06/2021 - Landbay Product Updates
Landbay has launched two new products aimed at
landlords with three properties or less, plus lowered rates on other selected
products.
New Products:
- 2 Year 65 LTV at 2.85
- 5 Year 65 LTV at 3.25
- Free valuations 75 non portfolio products available at 75 Remortgage only
Rate Reductions:
- 2 Year 75 LTV at 2.95
- 5 Year 75 LTV at 3.35
Landbay Product Guide: https://bit.ly/2TbNyTh
Speak to the impact team today on 01403 272625 to find out more.
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09/06/2021 - Zephyr Packager Exclusive
Zephyr has announced the launch of their new 80 LTV Packager Exclusive Product Range with rates starting from 3.89 and a 2 product fee.
Key Features
- 2 Year fixed from 3.89
- 5 Year fixed from 4.15
- Max 80 LTV
- Max Loan 750k
- No Application Fee
- Standard Properties only
- Min Valuation 100k
- Not available for: New Build Properties, First Time Landlords, Ex Local Authority, MOD properties
Zephyr Packager Exclusive Product Guide: https://bit.ly/3w8gSZm
Speak to the impact team today on 01403 272625 to find out more.
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09/06/2021 - Masthaven Product Updates
Masthaven are now offering regulated first charge standard bridging from 0.43 up to 50 LTV. Second charge up to 60 LTV at 0.83, loan amount 300k - 1M.
Product Updates:
- Min Loan 300k
- Max 400k
- Max 70 LTV at 0.73
- Available in England, Wales and Scotland
- No pre application credit checks
- Available as regulated and unregulated
- Arrangement Fee 2 of the loan amount
- Loan to include any fees added excluding arrangement fee
Masthaven Bridging Guide: https://bit.ly/3g5yb7J
Speak to the impact team today on 01403 272625 to find out more.
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08/06/2021 - Together Product Updates
- Reduced the rate to 0.55 for up to 5 LTV and to 0.65 for up to 65 LTV
- Reduced the rate to 0.85 for 60 LTV and 0.90 for 70 LTV
- Max LTV increased to 70 on purchase transactions and 65 for refinances
- Maximum loan size has increased to 1 million
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08/06/2021 - Vida Homeloans Product Updates
- 2 year 75 LTV reduced by 10bps to 2.94
- 5 year 70 LTV reduced by 10bps to 3.19
- 5 year 75 LTV reduced by 10bps to 3.29
- 5 year 75 LTV Remo only reduced by 5bps to 3.24
- Max loan was 750k, now 1M
- 2 and 5 year 75 LTV for both standard properties, and HMO,MUB
- HTB 2 year and 5 year starting from 3.79
- SFHFS 2 year and 5 year starting from 4.39
- Available on Vida tiers 1-5 SFHFS on Vida tiers 1-4
- 2 year 70 at 2.99, a 0.14 reduction on our standard product
- 5 year 70 at 3.29, a 0.20 reduction on our standard product
- All other product features remain the same - 995 fee, full valuation fee and 180 assessment fee
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08/06/2021 - Foundation Product Updates
- Reduced 5 year 75 LTV BTL fixed rate with the 2 fee from 3.34 to 3.24
- Reduced a number of their 5 year fixed rates by 0.10
- New 65 LTV version of their BTL green remortgage product at 3.49 with a max loan of 1.5M
- 75 LTV green reward remortgage rate has been reduced to 3.59
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01/06/2021 - Bluestone reduce LTVs
Bluestone will be restricting products up to 75% LTV across Clear, AAA and AA tiers. The new changes will be effective from Wednesday (2nd June) morning and you will need to have applications submitted by 5:30pm today (1st June) to secure the products available on the higher LTV tiers.
The decision to temporarily lower our LTVs reaffirms our commitment to maintaining service levels for our intermediary partners and end customers. The reduction in LTVs will only be for a short period, enabling our underwriting and service teams to dedicate more time to process the existing pipeline of applications.Please contact the impact team asap for assistance with existing pipelines.
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26/05/2021 - UTB Enhance Employed and Self-Employed Ranges
United Trust-Bank has enhancements their product
range for both Employed and Self-Employed borrowers:
Residential Mortgages
0-Status, 85% LTV Launch:- Purchase and Remortgage applications
- Max loan 500k (AVM for remortgages up to 250k)
- 2, 3 and 5yr fixed rates, from 4.80%
- Eligible to First Time Buyers
- No minimum credit score
- Max LTI 4.50
1-Status, 80% LTV Launch:
- Purchase and Remortgage applications
- Max Loan 500k (AVM for remortgages up to 250k)
- 2, 3 and 5yr fixed rates, from 5.10%
- No minimum credit score
- Max LTI 4.50
Second Charge Loans
0-Status, 85% LTV Launch:
- Max Loan 250k
- 2, 3 and 5yr fixed rates, from 6.30%
- No minimum credit score
- Max LTI 4.50
2-Status, 80% LTV Launch:
- Max Loan 125k
- 2, 3 and 5yr fixed rates, from 9.10%
- Max LTI 4.50
2-Status, 75% LTV Updated:
- Max Loan increased to 250k
- 2, 3 and 5yr fixed rates, from 8.60%
- Max LTI 4.50
UTB Residential Product Guide
UTB Residential Second Charge Guide
Speak to the impact team on 01403 272625 to find out more.
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24/05/2021 - 95% LTV product postcode restrictions removed
Dudley has made an
amendment to their core fixed residential product range.
The postcode restrictions on their recently introduced 95% LTV mortgage have been
removed.
This means that clients looking to purchase and remortgage
outside of DY, WV, WS and B postcodes are now eligible for our 3.99% Five Year
Fixed product. 500 cashback, free valuation and no arrangement fee still apply
on loans up to 350k.
Download their latest product guide Dudley BS Product Guide
Speak to the impact team on 01403 272625 to find out more.
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21/05/2021 - Masthaven announce new Residential products
- Rates from 3.24%
- Up to 75% LTV
- Rates from 3.59%
- Up to 75% LTV
- No lender fee
- No application fee
- Free valuation will use AVM where possible
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20/05/2021 - Vida Update RESI & BTL Ranges
Vida has made additions to both their Residential and BTL product ranges.
RESIDENTIAL
- 85% LTV residential products extended to tiers Vida 2 and Vida 3
BUY TO LET
- New Limited Edition BTL Remortgage
- Up to 75% LTV
- 5 year rate at 3.29%
- 1.5% Fee
- Applies to Standard BTL range only
Vida BTL Product Guide
Vida Residential Product Guide
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19/05/2021 - Kent Reliance launch new HMO and MUFB products
Kent Reliance has launched a new range of limited edition buy to let products for HMO and MUFB with rates starting from 3.24% for a two year fixed.
- HMOs and MUFBs with up to 10 bedrooms/units accepted
- First-time landlords accepted with up to 6 bedrooms/units
- Properties with 7 or more beds/units valued on a commercial basis
- Limited company structures welcomed
- Less-than-perfect credit profiles considered
To find out more contact the Packaging Team on 01403 272625
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19/05/2021 - Kensington launch New Build eKo Reward Mortgage
New Build eKo Reward
Mortgage launched
This is a New Build Purchase only residential mortgage product with 500 cashback payable after completion and is available up to 90% LTV. To qualify for the 500 cashback, properties need to have an EPC rating of A or B.
With a starting rate of 3.94% at 75%, the product also has no fee and a free valuation.
Download the latest product guide https://bit.ly/3ykQ9dr
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19/05/2021 - Landbay refresh products
Landbay have refreshed several of their products including -
Download their latest product guide https://bit.ly/3v4PqLE
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18/05/2021 - New fee assisted BTL products from Foundation
- Rates reduced by 0.2% on their popular 2 and 5 year BTL fixed rates with the 2% fee - now starting at 3.79% up to 80% LTV
- NEW 2 and 5 year, fee assisted products for purchases as well as remortgages with a fixed product fee of 1,495. Available at 65% and 75% LTV. Fee assisted benefits are one free valuation, no application fee and 250 cashback
- NEW 5 year fixed products for HMOs/MUBs, with a fixed 1,495 product fee
View their latest product guides https://bit.ly/3uYfVCl
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14/05/2021 - New TML RESI Remortgage & BTL Ranges
The Mortgage Lender has launched a new Residential Remortgage Product Range with Free Valuation and Free Standard Legals. Lumi 1-4 is only available through specialist distributors including impact packaging.
They have also launched a new BTL 75% LTV 5-year fixed Limited Edition Product for Individuals and Limited Companies with a 3.56% rate and 1.00% completion fee.
- New Remortgage range with free valuation and legals
- Purchase and remortgage up to 85% LTV available
- New Help to Buy for England and Wales
- Loans available up to 1M
- Limited edition 5-year fixed with rate of 3.56% & 1% fee added to Core range
- New selected distribution Lumi product launched
- New selected distribution HMO / MUB 5-year fixed at 75% LTV
- 5-Year fixed ICR from 125% at 3.49%
- Loans from 50K to 3M
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14/05/2021 - Vida launch Fee Saver & Fixed Fee Products
Residential Fee Saver Range:
- 2 & 5 year fixed rates
- Up to 75% LTV
- For properties up to 500k
- One free standard valuation
- 1,995 Fixed-Fee for loans up to 750k
- Available on Standard range and HMOs/MUBs
- 2 & 5 year fixed rates
- Up to 75% LTV
- Vida 1 only
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06/05/2021 - TML reduce min loan
The Mortgage Lender are making changes:
- Smaller Loans Product - minimum loan reducing to 50k
- Portfolio Multi Loan Product - minimum loan reducing to 50k
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15/03/2021 - Landbay 5 year fixed rate at 2.99%
Landbay have launched a new market-leading five year fixed rate product at 2.99%
View the latest rate card:
Landbay Product Guide: https://bit.ly/3lhBvxr
Product highlights:
- 5 year fixed rate at 2.99%
- Up to 50% LTV
- Standard properties only
- Maximum loan size 1m
- 1.5% product fee
- ICR calculated at payrate
Call the impact team on 01403 272625 to find out more.
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03/03/2021 - Vida BTL Exclusive
- BTL 70% LTV @ 3.19%
- BTL 75% LTV @ 3.29%
- Available on Vida 1 only
- Loan size of 150k up to 750k
- ERC 5%, 4%, 3%, 3%, 3%
- Fixed fee: 3,750
Call the impact team today on 01403 272625 to find out more.
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25/02/2021 - Foundation Product Updates
Foundation has announced the updates to their BTL and
Residential Product Ranges.
Buy to Let Highlights:
- 2 Year Fixed Rates from 2.89
- 5 Year Fixed Rates from 3.09
Residential Highlights:
- Selected Rate Reductions of up to 0.50
- 2 Year Fixed Rates from 2.89
- 5 Year Fixed Rates from 3.39
Foundation BTL Product Guide: https://bit.ly/3dMmQsE
Foundation BTL Ltd.Co Product Guide: https://bit.ly/3qYW4Rq
Foundation Residential Product Guide: https://bit.ly/3uzo1RS
Call the impact team today on 01403 272625 to find out more.
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25/02/2021 - Masthaven Bridging Launch
Masthaven Bank has launched a new bridging range designed to make short-term finance simple, streamlined and built to meet the diverse needs of todays customer.
Bridging
- The go-to for straightforward bridging cases
- Loans between 300k - 4m
- Rates from 0.48
Specialist Bridging
- For your complex cases
- Loans between 300k - 4m
- Rates from 0.63
Refurbishment
- For refurbishment and heavy refurbishment projects
- Loans from 300k
- Rates from 0.53 and 0.68
Mini Bridge
- Perfect for your simple, smaller cases
- Loans between 200k - 300k
- Rates from 0.58
Masthaven Bank Bridging Guide: https://bit.ly/3swu6wR
Call the impact team today on 01403 272625 to find out more.
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23/02/2021 - UTB Product Updates
United Trust Bank has updated its Bridging and Residential product ranges.
Bridging:
- 70 LTV for Standard and Light Bridging
- Max 80 LTV
- Fixed rates from 3.80 per cent
- 500K Loan Size
- Min 25K Income, Max 4.50 LTI
- Min 100K Property Value
UTB Bridging Guide: https://bit.ly/3qOchJc
UTB Residential Guide: https://bit.ly/3dE0skY
Call the impact team today on 01403 272625 to find out more.
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19/02/2021 - InterBay Product Updates
InterBay Commercial has enhanced its commercial and semi-commercial product ranges, with reduced rates across two, three and five-year terms, with loans starting from 150K.
Semi-Commercial Critiera:
- Rates from 4.79
- Fees of 1.5 per cent
- Up to 70 LTV
- Commercial and Residential rental income considered
- Rates from 5.64
- Fees of 1.5 per cent
- Up to 65 LTV
- Property values over 2M considered
InterBay Product Guide: https://bit.ly/37uBssz
Call the impact team on 01403 272625 to find out more
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19/02/2021 - Vida Homeloans Product Updates
Vida Homeloans has announced they are cutting rates by up to 0.50 on their Vida 1 BTL products.
Highlights
- 2 Year rates 2.99 per cent at 70 LTV and 3.14 per cent at 75 LTV
- 5 Year rates 3.39 per cent at 70 LTV and 3.49 per cent at 75 LTV
View the latest rate card below:
Vida Homeloans BTL Product Guide: https://bit.ly/3bnHjkD
Call the impact team today on 01403 272625 to find out more.
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17/02/2021 - Kensington Product Updates
Kensington is excited to share a wide range of product updates on both their Residential and Buy to Let ranges.
Residential Products
- Increased LTV on Select, Core and eKo ranges - now up to 85 LTV
- Re-introduced Right to Buy with a 2 and 5 year fixed rate at 75 LTV
- Added 80 and 85 LTV across their Core range
View the latest rate cards below:
Kensington Residential Product Guide: https://bit.ly/3dkPfWk
Kensington Buy to Let Product Guide: https://bit.ly/3asw76X
Call the impact team today on 01403 272625 to find out more.
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17/02/2021 - Kensington Launch Semi-Exclusive
- 90 LTV
- 2 and 5 Year fixed rates
- Rates starting from 5.29
- No application fee
- Available in England, Wales and Scotland
- Available for Purchases and Remortgages
- Min Loan 25K
- Max Loan 1M
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16/02/2021 - Foundation Product Launch
- Applications accepted where the security has obtained an EPC rating of C or above within the last 12 months
- Re-mortgage applications, Early re-mortgage where the original purchase was less than 6 months ago is also accepted (provided no cash purchase)
- 5 year fixed rate product available via BTL and Ltd Co application
- Rates at 3.75
- Min Loan size 50K
- Max Loan size 1M
- Available at 75 LTV and offered with a reduced product fee of 0.75 and a 750 cashback
Foundation BTL Ltd.Co Product Guide: https://bit.ly/3b9KwUT
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16/02/2021 - Fleet Mortgages Product Changes
Fleet Mortgages has announced product changes to their BTL range.
Product Highlights:
- Rates start at 3.09
- Rental Calculations from 125 per cent at 3.44 per cent
- Up to 75 LTV
- Free / Discounted Valuations
- Lifetime Tracker Rates with no ERCs
- Initial end dates and ERC dates have been extended
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10/02/2021 - Kensington Relaunches Help to Buy
- Loans available up to 75 LTV
- Available on 2 and 5 year fixed rates
- Available in England, Wales and Scotland
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10/02/2021 - MT Finance Product Update
- Loans below 125K will be subject to a minimum rate of 0.89 per cent and a minimum facility fee of 2K with a 2 per cent fee being payable as a proc fee.
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09/02/2021 - Foundation Product Updates
Highlights:
- NEW 85 LTV Residential 2-year and 5-year fixed rates
- Cuts to selected 80 per cent Residential 2-year-fixed, 5-year fixed and variable rates
- Cuts to 80 LTV First time buyer rates
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09/02/2021 - TML Help to Buy Launch
- Initial rates from 3.27
- Purchase and remortgage up to 85 LTV available
- NEW - Help to Buy for England and Wales
- Loans available up to 1M
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05/02/2021 - Together Product Updates
- Reduced their Regulated Bridging rate to 0.65 per cent with a max 50 LTV and 0.75 per cent with a max 70 LTV. Also increasing their procuration fee of 2 per cent.
- On their First charge 5 years fixed product they have reduced the rate to 5.99 per cent on capital repayment and 6.49 per cent for interest only
- New 5 year fixed rate on their Consumer Buy to Let product at 6.99 per cent
- On Residential Bridge, Buy to Let and Homeowner Business Loans they are increasing the LTV to 75 for a purchase and 70 for a refinance or a second charge
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04/02/2021 - Foundation Product Launch
- 2 Year 65 LTV at 3.09 per cent and 75 LTV at 3.24 per cent - both come with a reduced product fee of 1 per cent
- 5 Year Large Loan 65 LTV AT 3.19 per cent with a reduced product fee of 2 per cent
- 5 Year 65 LTV at 3.34 per cent and 75 LTV at 3.44 per cent - both come with a reduced product fee of 1.5 per cent
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03/02/2021 - Precise Mortgages Product Updates
- Reduced their non-regulated bridging finance minimum term to 12 months
- Rates from 0.49 per cent
- Up to 65 LTV
- Wider choice of property types accepted including HMOs, new builds and more
- Includes standard and light refurbishment products
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03/02/2021 - Zephyr Product Updates
- Majority of Standard and Specialist HMO and MUFB product rates reduced
- Rates reduced across the Specialist New Build and Flats Above Commercial product range
- New 1 per cent fee options
- 60 per cent LTV band increased to 65 per cent across the entire range
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29/01/2021 - Kensington Product Updates
- Hero up to 85 LTV
- Select and eKo up to 80 LTV
- Property Plus up to 75 LTV
- Core
- Property Plus
- HMO / MUB
Kensington Residential Product Guide: https://bit.ly/3cmcKxL
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29/01/2021 - Dudley New Products
Dudley is delighted to announce the new range of Fees Assisted remortgage products.
- Three-year fixed rate and two-year discounted products are available up to a maximum of 85 per cent LTV
- Interest Only discount for term product is available up to a maximum 75 per cent LTV
- These products include a 499 fee
- Free standard valuation
- Free legal fees for core conveyancing only. This means that your client would pay for any additional legal work required.
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28/01/2021 - Foundation Product Updates
Foundation is reducing one of their best-selling
rates, the 5 Year 75 LTV BTL fixed rate in the F1 tier for clients who
just miss out on mainstream credit.
- 5 Year fixed to 75 LTV with a 2 per cent fee, reducing by 10bps from 3.54 per cent to 3.44 per cent
- Available for individuals as well as limited companies
- For clients who just miss out on mainstream credit scores
- 1M maximum loan size
- No limit to the background portfolio size, subject to a maximum of 3M with Foundation
Foundation BTL Product Guide: https://bit.ly/3ahzb4K
Foundation Ltd.Co BTL Product Guide: https://bit.ly/3olfFco
Speak to the impact team today on 01403 272625 to find out more.
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27/01/2021 - Family Product Changes
- The majority of their mortgage products have been withdrawn and replaced
- Interest rates for BTL products remain unchanged, with the exception of Expat products
- Launched a new range of Joint Mortgage Sole Owner (JMSO) products for Owner Occupiers
- Buy to Let Limited Company products now have separate product codes and a fixed product fee
- Now offer 500 cashback for all Owner Occupier remortgage applications, which can be put towards legal costs. Family will no longer offer in-house Legal Services department for remortgage applications but will continue to work on any applications in the pipeline.
- Continue to offer 250 cashback for Family Mortgage applications, and 100 cashback for Offset applications
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27/01/2021 - Precise Mortgages Product Updates
- 2 Year Fixed at 2.79 per cent with 1.5 per cent fee
- 5 Year Fixed rates from 3.39 per cent with percentage and fixed fee options
- 2 Year fixed from 2.89 per cent with 1.5 per cent fee
- 5 Year fixed from 3.59 per cent with percentage and fixed fee options
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26/01/2021 - Shawbrook Rate Changes
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26/01/2021 - TML Residential Launch
- Initial rates from 3.27
- Purchase and remortgage up to 85 LTV available
- Loans available up to 1 million
- For customers with less than perfect credit
- For customers with complex income types
- For customers who are self-employed
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26/01/2021 - Landbay Product Updates
- Rate reductions across the range
- Free Valuations available on both their 2 and 5 Year 75 per cent fixed rates (Remortgages only / Max loan 1m / Max Property Value 1.5m)
- New 750 cashback product on their 5 Year 75 per cent Product (Loans between 1m - 1.5m)
- Reductions on HMO / MUFB Products
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21/01/2021 - Aldermore Useful Guides for Brokers
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20/01/2021 - Masthaven Product Updates
- 3.18 per cent
- Up to 65 LTV
- 2 per cent lender fee (min 995)
- 3.54 per cent
- Up to 65 LTV
- 2 per cent lender fee (min 995)
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14/01/2021 - HTB - Important Update
View the latest product guide below:
HTB BTL and Semi Commercial Guide: https://bit.ly/3mS1gVh
Speak to the impact team today on 01403 272625 to find out more.
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14/01/2021 - MT Finance Product Updates
- Loans from 50,000 to 10,000,000
- Terms from 1 to 24 months
- Up to 70 LTV on the OMV
- 1st charge rates from 0.65 per cent
- 2nd charge rates from 0.75 per cent
- Retained, part and part, and serviced interest options available
- No upfront fees, early repayment or exit fees
- Proc fees payable from 1 per cent
- LTD company, LLPs, non EEA, and expats accepted
- Available on assets in England and Wales
Speak to the impact team today on 01403 272625 to find out more.
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08/01/2021 - Fleet Mortgages Product Updates
- Rates start at 3.19 per cent
- Rental Calculations from 125 per cent at 3.59 per cent
- Up to 75 per cent LTV
- Free / Discounted Valuations
- Lifetime Tracker Rates with no ERCs
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07/01/2021 - Foundation New Products
- One free standard valuation per case
- 250 pounds cashback on completion
- No application fee
Foundation welcomes borrowers with a broad range of acceptable credit levels including those who have been furloughed or used a mortgage payment deferral. These products suit many borrowers who may not meet the criteria of mainstream lenders.
- New first-time-buyer products at 75% in addition to reduced rates on the existing 80% LTV FTB products
- Foundation offers a wide scope of criteria for residential borrowers with complex income and employment, including the recently self-employed and those with mixed self-employed and PAYE income.
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07/01/2021 - The Mortgage Lender Rate Changes
They have also changed the rate on their 5 Year Fixed 75 per cent LTV product which has increased from 3.56 per cent to 3.65 per cent.
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17/12/2020 - Foundation Process Update
Speak to the impact team on 01403 272625 to find out more.
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14/12/2020 - Fleet Mortgages Criteria Changes
- The re-introduction of a maximum loan size of 2m - up from 1.5m - at a maximum LTV of 65% on our standard and limited company buy-to-let product ranges. This is not applicable for properties which are above or adjacent to commercial premises, or HMOs or multi-unit blocks (MUBS).
- For both HMO and MUB landlords, we are also reducing the time the primary applicant for the mortgage must have owned a standard buy-to-let, HMO or MUB property down from 2 years to 1 year.
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09/12/2020 - Shawbrook Product Changes
Shawbrook Investment and Bridging Guide: https://bit.ly/39UkUfJ
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09/12/2020 - Masthaven Product Changes
- 3 Year Fixed will be withdrawn
- Lifetime Variable will be withdrawn
- 2 Year Discount will be withdrawn
- Limited Edition Fees Free Remortgages will be withdrawn
- 2 Year Fixed has rate changes
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08/12/2020 - Kensington Updates
- Up to 75 LTV
- Minimum loan amount 80k
- Maximum loan amount 500k
- Self employed based on 1 years accounts
- Enhanced affordability for the nations Heroes
- Rewards for improving your clients energy efficiency
- Limited Company available on all Buy to Let products
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07/12/2020 - Kensington Product Updates
- All Right to Buy products
- All Residential Core Range products
- Minimum loan size of 800k will now apply across all Residential products
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07/12/2020 - Hampshire Trust Bank Rate Change
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07/12/2020 - Landbay New Products
- Rate of 3.79
- Max 80 LTV
- Product fee of 2 per cent
- Min loan amount 100k
- Max loan amount 750k
- ICR rate of 5.50
- Rate of 3.99
- Max 80 LTV
- Product fee of 2 per cent
- Min loan amount 100k
- Max loan amount 750k
- ICR rate of 3.99
Landbay Product Guide: https://bit.ly/3474Aof
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04/12/2020 - Kensington DIP Deadline
Kensington has announced submission deadlines on their current range.
Note the submission deadlines below:
- Decision in Principe Illustration produced and the FMA commended by 5pm today, Friday 4th December.
- Full Application submitted by 5pm, on Thursday 10th December.
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04/12/2020 - Kent Reliance Policy Changes
- Personal guarantees will be required from ALL directors/shareholders with up to a maximum of 4 such individuals the named applicants.
- If a shareholder is another Ltd Company and the shareholders and directors are different from borrowing entity they will need to be included on the application up to a maximum of 4 applicants.
- The personal guarantees are not required from shareholders who are dependants of the directors and who are below the minimum age 18.
- Majority Shareholder to mirror across SPV and connected Company
- Must be UK to UK company no offshore companies
- Loan needs to be repayable and a term agreed with documented loan agreement You need to request a copy of the agreement
- Rate of interest applied should be HMRCs ordinary rate of interest currently 2.25
- If there is a monthly payment it is to be included in ICR calculation
- Connected company not to have any interest or charge over the Banks security.
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03/12/2020 - Foundation New Products
- 2 and 5 year fixed rate re-mortgage only products at 65 and 75 LTV
- Flat fee of 1,995
- One free standard valuation per case
- No application fee
- 250 cashback on completion
- These products may appeal to portfolio landlords looking to remortgage a number of properties
- Available for standard HMOs of up to 6 occupants
- This product allows landlords to remortgage within 6 months of initial purchase
- 2 and 5 year fixed rate remortgage-only products at 65, 75 and 80 LTV
- Flat fee of 595
- One free standard valuation per case
- No application fee
- 250 cashback on completion
- Designed for owner occupiers looking to remortgage without onerous up-front costs
Foundation BTL Product Guide: https://bit.ly/3mAbPMD
Foundation BTL Ltd.Co. Product Guide: https://bit.ly/2JmFkTO
Foundation Residential Product Guide: https://bit.ly/3lAx8ML
Speak to the impact team today on 01403 272625 to find out more.
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02/12/2020 - Saffron Product Changes
Residential Range
- Self Employed 3.07 per cent 2 years fixed until 30.04.2023 at 80 per cent LTV Arrangement fee 999
- Contractor 2.87 per cent 2 Year fixed until 30.04.2023 80 per cent LTV Arrangement fee 999
- RIO 3.37 per cent 3 years fixed until 31.03.2024 50 per cent LTV Arrangement fee 999
- RIO Power of Attorney 3.17 per cent 3 years fixed until 31.03.2024 50 per cent LTV Arrangement fee 999
- Expat BTL 4.27 per cent 5 years fixed until 30.04.2026 75 per cent LTV Arrangement fee 2.00 per cent
Saffron BTL Product Guide: https://bit.ly/37pIBtr
Speak to the impact team today on 01403 272625 to find out more.
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01/12/2020 - Pepper Money Product Changes
- Rate reductions now starting at 2.98
- 85 LTV rates reduced and now available on 2 year fixed
- The return of Pepper 24 products at 80 LTV
- Free Valuations are now extended to our Pepper 24 products
- DMP have increase Debt Management range LTV to 75
- Pepper 6 is back! Defaults and CCJs considered and registered as recently as six months ago for customers with recent financial blips
Pepper BTL Product Guide: https://bit.ly/33xaE96
Pepper LTD Co BTL Product Guide: https://bit.ly/3g0uoXF
Pepper Residential Product Guide: https://bit.ly/3msRhVZ
Speak to the impact team today on 01403 272625 to find out more.
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30/11/2020 - InterBay New Product
- Up to 65 LTV
- Property values over 2m considered
- Rates from 5.74
- Two, three and five year terms
- Interest-only options
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24/11/2020 - HTB New Product
- Five Year Fixed
- Loans between 1m and 15m
- Up to 60 LTV
- Rates from 3.25
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24/11/2020 - Vida Product Changes
- Withdrawal of all Help to Buy, First Home Fund and Right to Buy products
- Withdrawal of BTL 80 LTV products
- Remaining Residential products will continue to be available on a remortgage basis only
- The minimum loan size for all BTL and Residential cases is being increased to 150,000
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24/11/2020 - Zephyr Product Changes
Zephyr are removing the LIBOR linked reversionary rates on their products and replacing these with reversionary rates linked to the Bank of England Base Rate (BBR). Their new products feature the same initial fixed rates as their previous range and there are no changes to their core criteria.
You can take a look at Zephyrs latest product guide:
http://www.impactpackaging.co.uk/intermediaries/Zephyr/Zephyr%20Product%20Guide%2024.11.2020.pdf
Speak to the impact team for assistance.
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23/11/2020 - Bluestone Product Updates
- Extending their product range to include 85 LTV on Clear, 80 LTV on AAA & AA for residential and 80 LTV maximum for all Buy to Let product ranges
- New max loan of 1m on residential loans
- AVM is available on qualifying loans across all credit tiers valued up to 600,000
- No credit scoring
- Up to 4 defaults & 3 CCJs allowed in the last 3 years per applicant (unsatisfied)
- Ignore all CCJs and Defaults under 300
- Up to 2 missed payments per unsecured credit in the last 6 months
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20/11/2020 - Together Product Changes
- Increasing the maximum LTV on all products from 60 to 65
- Reintroducing interest only payments on personal finance products
- Launching a 0.65 bridge on residential property with a max 50 LTV. They have not yet updated this on My Broker Venue so, for now, please simply key this rate in when completing an application
- Together are simplifying their property types. There will now be a Standard and Non Standard model instead of their current ABC. A and B will become Standard and C will become Non Standard with a 10 max LTV reduction from Standard
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19/11/2020 - Marsden Product Updates
- New 85% LTV product at a discount rate of 2.89% to 31.03.2023 (FX704)
- Relaunched discount and fixed rate products as part of the Older Borrower range, and added an additional fixed rate product to the RIO range.
- Relaunched both Expat Residential and Expat Buy to Let mortgage ranges with discount rate products available across 2, 3 and 5 year terms.
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19/11/2020 - Interbay Product Updates
- Commercial and Residential rental income considered
- Up to 70% LTV
- Rates from 4.79%
- Property values over 2m considered
- Two, three and five year terms (with identical rates on three and five year options)
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19/11/2020 - Kent Reliance Product Updates
- Rates from 3.79%
- Up to 75% LTV to 3m on 1 to 6 bedrooms/units
- Up to 75% LTV to 1.5m on 7 to 10 bedrooms/units
- First time landlord options available on 1 to 6 bedrooms/units
- Limited company structures welcomed
- Less than perfect credit profiles considered
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19/11/2020 - Kensington Product Withdrawals
- All Help to Buy products in preparation for the launch of the new Help to Buy 2021 to 2023 scheme that launches 16th December
- All 5 Year Fixed Rate products
- Decision in Principle Illustration produced and the FMA commenced by 5pm on Friday 20th November. DIP must be taken to start of application
- Full Application submitted by 5pm on 26th November
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18/11/2020 - Dudley changes
Dudley have announced several changes to their product range.
Four of their current products are being withdrawn and replaced with new issues that include a 499 fee instead of 1.00%.
Dudley are launching a new 90% LTV product which includes a 150 cashback, available for house purchases and remortgages in DY, WV, WS or B postcodes.
Key criteria for 90% LTV product:
- The remaining monthly income must equal at least 50% of the stressed monthly payment
- The security must not be a flat
- No gifted deposits are to be used
- The affordability calculator must be a pass, refers will not be accepted
Buy-to-Let lending criteria includes:
- Joint mortgage, Sole Proprietor
- Interest-only, Part & Part and Capital & Interest
- Consumer Buy-to-Let applications
- Terms up to 40 years
- No upper age limit
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11/11/2020 - Kensington withdrawals
Kensington are temporarily withdrawing some of their Residential and BTL ranges.
Please see the changes below:
RESIDENTIAL PRODUCT WITHDRAWALS
- 1.99% 2year fix 70% LTV
- All 85% LTV products except for HEROs range
BUY TO LET PRODUCT WITHDRAWALS
- All 2year fix products
Speak to the impact team for assistance.
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09/11/2020 - The Mortgage Lender changes
TML have announced BTL product launches and updates from 6th November.
Please see the below changes to their Buy to Let ranges.
- Reduced the rate on the 5-Year Fixed 75% LTV product from 3.69% to 3.56% (all other fees and features unchanged)
- New 5-Year Fixed 70% LTV product with a rate of 3.49% and 1.50% completion fee
- New 5-Year Fixed 75% LTV Mini MUB product for 2 unit Multi Unit Blocks priced at 3.74% with a 1.50% completion fee
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09/11/2020 - Foundation changes
Foundation have made changes to their Buy to Let product ranges from 5th November.
Please see the below changes to their rates and Buy to Let ranges.
- New rates across their BTL near-mainstream (F1) range at up to 65% and 75% LTV
- The F1 range products up to 80% LTV, F2 and F3 ranges all remain unchanged.
- Maximum loan size of 2m
- ICRs of 125% for limited company borrowers and basic rate taxpayers 145% for high rate taxpayers
- No minimum income
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30/10/2020 - Pepper changing products
Pepper are withdrawing products but look out for new improvements...
They are making some changes to their Residential and Buy to Let mortgage ranges from Tuesday 3rd November.
Full details including criteria and pricing changes, will be communicated to you on Tuesday 3rd November at 9am.
To secure one of their existing products, please ensure you have an agreed Decision in Principle status by Midnight on Monday 2nd November, with your chosen product selected, via impact.
The Full Mortgage Applications for those cases must be submitted with fees paid by Midnight on Friday 6th November.
Get in touch with impact ASAP!
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30/10/2020 - Vida pull rates
Vida are temporarily withdrawing a further selection of products to protect service levels for intermediaries who have already submitted cases to them. They will also be increasing minimum loan size to 100,000 on all remaining products.
Please see the below changes to their rates and product ranges as of 3rd November.
- Withdrawal of Help to Buy products on adverse tiers Vida 2 - Vida 5
- Increase in initial rate on Residential 2 year 70 and 75% LTV products and Residential 5 year 80% LTV products
- Replacement products will be available on Tuesday 3rd November
Decisions in Principle must be submitted, with product selected, by 8pm on Monday 2nd November. After this you will be required to select a product from the new range to proceed.
All mandatory docs must have been uploaded, fees paid, and case progressed to Application Received stage, by 8pm on Thursday 5th November
Speak to the impact team for assistance.
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30/10/2020 - Kensington changes
Kensington are making some changes to their Residential 85% LTV range on Tuesday 3rd November. They will continue to offer 85% LTV for Purchases and Remortgages ALL with Free Valuations and NO completion fees.
CURRENT RANGE SUBMISSION DEADLINES
To submit a
case on their current range, please note the submission deadlines below:
- Decision in Principle Illustration - produced by 5pm on Monday 2nd November
- Full Application - submitted by 5pm on Monday 9th November
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29/10/2020 - Family making changes
Family BS will be increasing various rates with effect from 3rd November:
These include:
Family Mortgage - increased by 35bps to 3.64%
OO RP 5 year fix 60% - increased by 20bps to 2.99%
OO RP 5 year fix 75% - increased by 20bps to 3.24%
OO IO 3 year discount 60% - increased by 20% to 2.94%
OO IO 3 year discount 75% - increased by 20% to 3.19%
Ex Pat BTL 5 year fix 60% - increased by 20bps to 3.69%
Ex Pat BTL 5 year fix 65% - increased by 20bps to 3.99%
Please speak to the impact help desk asap for assistance in securing rates.
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22/10/2020 - Precise launch new HMOs
Precise Mortgages have announced new Limited Edition
Buy-to-Let products and updates to their current Buy-to-Let range:
New: Limited Edition Autumn Specials
Tier
1 products with reduced fees, helping lower the cost for
landlord customers.
- Fees reduced to 1.25%
- Rates from 3.14% and up to 70% LTV
- Limited company and Personal ownership structures
- Includes HMOs, multi-units and flats up to 20 storeys
- Landlords with small or large portfolios acceptable
- Available for purchases and remortgages
Reintroduction of Tier 2
Tier 2 products assist those landlords that have less than perfect credit profiles, including Defaults and CCJs accepted if registered over 24 months.
- 2 year fixed rates from 3.24%
- 5 year fixed rates from 3.59%
- Available up to 75% LTV
- Includes HMOs, limited companies and landlords with small or large portfolios
Submit your enquiry via the impact portal today!
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21/10/2020 - Landbay EXCLUSIVE!
Landbay has launched a special edition range of HMO
products which are exclusive with only a few packagers including impact.
Special Edition Criteria via impact packaging includes:
- Max 1M loan
- Maximum 70% LTV
- 2 Year fixed rate from 3.35%
- 5 Year fixed rate from 3.59%
- Minimum property value - 120,000
- Maximum property value - 2,000,000
- Rental calculated on pay rate on 5 year fixed
Submit your enquiry via the impact portal today!
Speak to the impact team today for further information
01403 272625 or email info@impactsf.co.uk to find out more.
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21/10/2020 - Saffron make changes
The
following product will be withdrawn from sale on Thursday 22 October at 5pm:
- Owner Occupied 1.74% 2 year discount 80% LTV
The product has been re-priced and launched at 9am today with the following:
- Owner Occupied 2.39% 2 year discount 80% LTV
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29/09/2020 - Fleet BTL LT Tracker No ERCS
Fleet have made changes to their current product range as well as launching a new lifetime tracker range.
Highlights include:
- Price reductions across Ltd Company & Standard Ranges
- NEW LIFETIME TRACKER RANGE WITH ZERO ERCs
- Revert rates for new business will now track BBR - easier for customers to understand
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22/09/2020 - Landbay reduce rates
Autumn is here and to celebrate Landbay has just reduced the rates on their Special Edition 2 Year Fixed products. Rates now start at a highly competitive 2.95%:
- Special Edition 60% LTV Standard 2 Year Fixed @ 2.95%
- Special Edition 70% LTV Standard 2 Year Fixed @ 3.09%
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22/09/2020 - Kent reduce rates
Kent has launched a brand new suite of buy to let and residential products, including shared ownership.
With significantly lower rates across much of their product range, and the introduction of fixed arrangement fees on their residential range up to 1m, they are in an even better position to support your clients - especially in todays challenging market.
Combined with their common-sense lending, manual underwriting and individual case assessments, Kent could help your landlord and residential clients find the loan they need.Remember - impact packaging has a dedicated and mandated lender underwriter. Call the impact help desk today, or send over an enquiry on the portal.
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21/09/2020 - Pepper improve criteria
It has been a challenging year for everybody, but with their continued commitment to support you and your customers, Pepper are proud to have remained lending throughout the pandemic. Their team immediately adapted and been working tirelessly on improvements to provide a better service and proposition for you.
Here are the criteria
improvements Pepper have added across the entire range:
- Pepper now consider small unsecured missed payments in the last 12 months
- Cap on CCJs and defaults will be lifted so there will be now no volume or value limit
- Pepper has reduced rates across their Buy to Let range including for LTD Companies lowest rate being from 3.25%
- Re-introduced their flat-fee structure
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21/09/2020 - Family withdrawals
On Wednesday 23
September 2020 Family Building Society will be withdrawing and replacing all of
their current mortgage products with the exception of their Retirement
Lifestyle Booster and Buy to Let Expat products.
They will accept
applications for all withdrawn products through their Mortgage Hub, or by
paper, up to and including 5pm on Wednesday 23 September 2020. This means that
any paper applications will need to be fully completed and sent to them ahead
of this deadline in order to be received in time
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17/09/2020 - FHL reduce rates
FHL has made a number of changes to their Buy to Let range including:
- THey are reducing many of their buy to let rates by up to 60 basis points for 5 year products and by up to 30 basis points for 2 year products
- This includes their 75% LTV 5 year HMO and large HMO products which are being reduced by 60 basis points
- End dates are also being extended to 31/1/23 for 2 year products and 31/1/26 for 5 year products
These products are available
to both portfolio and
non-portfolio landlords as well as individuals and those applying for a
mortgage through a limited company.
Speak to the impact help desk to find out more.
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09/09/2020 - Kensington increase to 85%
Kensington has made a wide range of product updates that are all available NOW, including:
- Residential Products available up to 85% LTV
- Rate cuts across Residential Range by as much as 40BPS
- New 1.99% Residential rate at 70% LTV
- Hero products for essential skilled workers
- Reintroduction of their eKo 1,000 cashback mortgage
- Rate cuts across Buy To Let Range, including Limited Company by as much as 30BPS
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09/09/2020 - UTB launch interest only
Key features of the new UTB Interest Only residential mortgage product range include:
- Loans from 25,000 to 500,000 with a maximum 75% LTV (70% LTV for downsizing)
- Affordability assessed on Interest Only monthly repayment
- Available for Purchase and Remortgage
- No minimum Credit Score
- Flexible on property construction types
- Multiple repayment vehicles including downsizing, savings, pension lump sums and sale of investment property
- 2, 3 and 5 year fixed rate options, including no ERC option
- Customers must be aged 25 to 85 (at end of term), with a minimum 50,000 application total annual income
- Interest Only Declaration Form required with Full Mortgage Application
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01/09/2020 - FHL make Resi changes
FHL are making some changes to their Residential product range on Thursday 3 September.
As a part of these changes, they will be withdrawing our 60% LTV residential products which will be
re-introduced with an increased LTV of 65%.
In addition to this their 70% LTV residential products will be withdrawn and not replaced.
Any DIPs on existing products will need to be received by 7pm on Wednesday 2 September. You will then have 30 days from your DIP accept date to progress to FMA.
Please contact the impact team for assistance
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27/08/2020 - Masthaven up min loan
Masthaven are incredibly busy but are keen to take action when needed to protect their service levels and so they can keep their promises.
As a
result, they are temporarily increasing the minimum loan across all their bridging products from 200,000 to 300,000.
DIPs for loans 200,000 - 299,999 will need to be approved by 5.30pm on Tuesday 1st September and converted with fees paid by 5.30pm on Tuesday 8th September.
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27/08/2020 - Dudley return to lending
Dudley BS are now back in the market and are ready to welcome your applications. They are taking a controlled and phased approach to re-entering the market and are initially relaunching in the following areas:
- Residential lending up to 75% LTV
- Ex-Pat Residential and BTL
They remain committed to serving the underserved including providing mortgages for the Self-Employed.
The following changes have also been made to their lending criteria:
- Interest Only and Part and Part lending will be paused
- The maximum age limit will be capped at an applicants stated retirement age and we will not be lending to applicants in retirement
- Debt consolidation will not be permitted unless it can be evidenced that the debts accrued were for home improvements
- BTL for UK residents, Right to Buy and Shared Ownership lending has been paused
- Foreign income will now be assessed using the lowest exchange rate in the last 2 years at the time of assessment
There will be some additional underwriting requirements for all applicants due to Covid-19:
- Immediately prior to completion, a declaration will be required stating that the applicants financial position has not changed
- The applicants latest payslip will be required along with an employment reference
- An accountants reference will be required for self-employed applicants
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19/08/2020 - Vida launches new products
Vida Homeloans has returned to the specialist lending market. They have relaunched with some
Residential, Buy to Let and Help to Buy offerings. These are available
through impact, or direct to lender (choosing impact
as the submission route).
Key highlights include:
Residential
- Up to 85% LTV
- Rates from 3.24%
- Adverse considered
- Right to Buy offerings
Buy to Let
- Up to 85% LTV (T&Cs apply)
- HMO/MUBs accepted
- Up to 1.5m (250k for 85% LTV)
- Adverse considered
- Rates from 3.09%
- ExPats to 75% LTV
Help to Buy
- 80% LTV Scotland, 75% LTV England and Wales
- Rates from 3.89%
- Adverse considered
- Purchase and Remortgage
- Free valuation and 200 contribution towards legal costs
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18/08/2020 - FHL reduce rates
FHL has announced rate
enhancements for three of its five-year fixed rate Buy to Let products, available to
both limited company and individual landlord borrowers.
In
its F1 Buy to Let product range - for landlord borrowers with an almost
clean credit history - it has cut its five-year rates on its 65% LTV product to
3.24% from 3.39%, and its 75% LTV product to 3.49% from 3.59%. Both products
come with a 2% fee.
Foundation has also cut the rate of its large loan, five-year 65% LTV Buy to
Let product to 3.14% from 3.29%; this comes with a minimum loan size of 500k,
and a maximum of 2m.
The three products benefiting from the rate enhancements are some of the
most popular in the lenders entire Buy to Let range and would benefit those
landlords looking to either remortgage or add to portfolios in order to take
advantage of the stamp duty holiday.
FHL returned to offering 80% LTV Buy to Let products last month - it
currently has both a 4.29% two-year fixed rate and a 4.79% five-year fixed rate
available.
To find out more or to discuss an enquiry, please contact the help desk on
01403 27 26 25.
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18/08/2020 - Kensington change HTB
At close of
business 20/08/2020, Kensington will no longer accept applications for
applicants who are not First Time Buyers, or where the property value is above
B#350,000.
Key points to note:
- Help to Buy to be First Time Buyers ONLY
- B#350,000 Maximum Property Value
- DIP submission deadline - Close of Business Thursday 20th August
Speak to the impact team for assistance.
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12/08/2020 - New large loan from Kent
Kent Reliance for Intermediaries now supports large
residential loans of up to 3m - this includes options for clients with a less
than perfect credit history.
With up to 75% LTV available on both two and five year-terms, combined with flexible criteria, a common-sense approach to lending and the experience of an in-house valuations team, the specialist lender could have the answers you need.
Key large loan criteria:
- Loans between 1m and 3m
- Up to 75% LTV
- Rates from 3.69%
- Two and five-year terms available
- Self-employed and contractor clients considered
- Available in both England and Wales
REMEMBER impact has a dedicated underwriter who looks after all of our cases allowing consistency of decision (and some exceptions!).
If you have any questions or want to find out
more about Kent Reliance for Intermediaries new products, please contact the impact helpdesk on 01403 272625
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12/08/2020 - TML change capital raising
TML have removed their restrictions on Capital Raising Remortgages. They will be back to pre Covid scenarios of unlimited Capital Raising up to 75% LTV. They may require evidence of use of funds if cash out is over 150k or 50% of value but if it fits with customer or property profile, it should be acceptable.
Call the impact team to find out more or to discuss an enquiry..
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30/07/2020 - Shawbrook update criteria
As we gradually move forward and return to some sense of normality, Shawbrook is focused on gathering momentum and helping you take advantage of the opportunities that are out there. Which is why Shawbrook are delighted to announce that they have relaxed their criteria in several areas to pre-Covid levels.
With
immediate effect they have
- Re-introduced our Heavy Refurbishment products (HR1, HR2) up to 75% LTV
- Resumed our full eAIP service - eAIP approvals no longer require Underwriter confirmation
- Removed additional assessments required for BTL and Bridging Finance loans over 65% LTV
- Returned to pre-Covid criteria for development exits i.e. all development exits are considered subject to viable exit supported by other lender products or sale of asset
- Revised the BTL DSCR to 140% for individual applicants
Please note that all loans remain capped at 75% LTV and Commercial Investment loans over 65% LTV are still subject to additional assessment.
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30/07/2020 - Foundation BTL at 80% LTV
Foundation Home Loans has launched a new exclusive fee-assisted product to select packagers
only:
- F1 5 Year Fixed rate of 3.89% to 75% LTV
- Reduced product fee of 1%
- No application fee
- One free standard valuation
These fee assisted products are designed to make it easier for your landlords to purchase or remortgage without the upfront costs. It is expected that this packager exclusive product will run for 6 weeks.
FHL has also announced two new fixed rates up to 80% LTV, for individuals as well as limited
companies.
These products are available to clients who just miss out on mainstream credit scores (F1 range):
- A new 2 Year BTL fixed rate of 4.29% with a 2% fee up to 80% LTV
- A new 5 Year BTL fixed rate of 4.79% with a 2% fee up to 80% LTV
All BTL products have a generous ICR calculation of only
125% for Limited Companies and basic rate tax payers, calculated at pay rate
with a 5 year fix or the notional rate of 5.5.% for shorter rates.
A range of ERC-free discount rates are also available from this date for HMOs up to 75% LTV.
Speak to the impact team to find out more.
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28/07/2020 - Bluestone HTB tops the pile
The Bluestone Sapphire Range of products is
only available through a select few packagers. Impact are honoured to be
one of the chosen few and have seen a huge increase in requests for Help to Buy
since the ease of lock down restrictions.
Key details for Help To Buy include:
- Up to 75% LTV on new build houses / flats
- 5% builder incentive accepted (not deposit)
- Rates from 5.99% and 1,495 fee added
- Available in AA, A and BBB ranges
- Worst case:
- Up to 4 Unsatisfied default registered within the last 3 years allowed. Per Applicant.
- Communications suppliers and balances under 300 ignored.
- Defaults and CCJs must be registered more than 6 months ago at the date of completion (Not application). )
- Up to 3 Unsatisfied CCJS registered within the last 3 years allowed. Per applicant.
- Secured arrears 4 in 13-24 months (0 in 12)
- Bankruptcy over 1 year discharged
- IVA satisfactory conduct (satisfied on completion).
- 5 year fixed rates and ERCs 3%, 2.5%, 2%, 1% and 0.5%
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28/07/2020 - Insights - UTB interview
A great industry discussion between impact MD, Dale Jannels and United
Trust Banks Commercial Director Mortgages, Buster Tolfree.
Buster
discusses UTBs investment in technology, their stance on near prime residential
and thoughts for the rest of 2020.
Grab a coffee and have a watch! https://www.youtube.com/watch?v=nHaeVXQdcWQ
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28/07/2020 - TML reduce completion fees
Available on BTL loans from 500k to 1.5m with a lower completion fee
of 0.5%
- Can be added to the loan.
- Affordability from 125% at 3.59%
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28/07/2020 - Landbay launch specials
Landbay have launched a new range of 6 special edition products:
- Standard 2 year fixed rate from 3.09%
- Standard 5 year fixed rate from 3.35%
- Includes new build properties
- Max 70% LTV
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28/07/2020 - Precise Summer Sizzler
Precise have launched a limited edition 5 year fixed BTL product
that has been designed specifically for single dwelling limited company
landlords.
This limited time only product coupled with the recent stamp
duty announcement, could be an ideal opportunity for landlords who
are considering transferring to a limited company.
- 5 year fixed rate only 3.54%
- Up to 75% LTV
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28/07/2020 - Pepper relaunch purchase BTL
Pepper have relaunched purchase products across their Buy to Let range
including for Limited Company landlord clients.
As we continue to make steps towards a return to our pre-COVID-19 offering,
Pepper hope that the addition of Buy to Let purchases will be a help to both
you and your clients (for the time being, Let to Buy remains unavailable).
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20/07/2020 - UTB update criteria
Reintroduction of 50% Regular Bonus, Overtime and Commission Income.
With immediate effect UTB will once again accept 50% of all regular Bonus, Overtime and Commission income for employed staff, including key workers and non-key workers.
This change applies to all Residential Mortgage and Second Charge products
Existing restrictions continue to apply for those working within the travel, leisure and entertainment industries.
Their proof of income requirements are as follows:
- Guaranteed income such as Basic or Car Allowance only: latest 2 months payslips
- Regular income such as Bonus, Overtime and Commission: latest 3 months payslips and latest P60, showing sustainability of income over the period, including during lockdown.
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14/07/2020 - 85% LTV from Marsden
Marsden have launched new
products across their Residential, Later Life and Expat
portfolios.
Their new 85% LTV residential product:
Product Details
- Available for purchase or remortgage.
- Fixed rate of 1.79% to 30.09.22.
- Available on repayment to 85% LTV.
- Maximum loan size of 425,000.
- 998 lender arrangement fee (299 up front).
- Free valuation on properties up to 500,000.
- Legal assist on remortgage cases.
- 299 impact fee on application
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14/07/2020 - UTB increase LTVs
With immediate effect UTB have increased the maximum
LTV for all self-employed applicants from 65% to 75%. This change
applies to all Residential Mortgage and Second Charge products.
Existing restrictions continue to apply for those
working within the travel, leisure and entertainment industries.
All other proof of income requirements remain the same, with the exception that
when required, 3 months (rather than 1 month) business bank statements will now
be requested during underwriting to evidence affordability and sustainability.
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05/07/2020 - Tipton withdraw 85%
Tipton have withdrawn their 85% Fixed Rates as at close of business Friday and whilst they will replace these products they are going to delay their release in the short term.
As a consequence of lending throughout lockdown (and at relatively high LTV for extended periods) they have a built a strong pipeline, but this high demand and lockdown, which prevented physical valuations on a large percentage of this business has created a backlog which is now compromising their service standards, so they want to ensure this is cleared before returning with any new products.
Any DIPS will be honoured, please submit full apps to impact ASAP.
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02/07/2020 - FHL reduce rates
Foundation Home Loans have made a number of changes to their product offerings. These include:
Residential
- Pound for pound remortgage with NO income LTI cap
- Interest only affordability calculated on an interest only basis
- Self-employed - latest 1 years accounts accepted and retained profits considered
- Broader amount of income types and higher percentage of incomes are now accepted, for example up to 100% bonus and commission, 100% investment income are now accepted
- No minimum time in current job, minimum 3 months employed
- Capital raising for buy to let is now allowed
- Up to 80% LTV
Buy to Let
- Selected BTL products reduced by up to 0.4%
- Short Term Lets are Back at 75%
- Large Loans are Back at 2m at 65%
- Day 1 Re-mortgage is Back
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01/07/2020 - Precise withdrawing BTL
On Thursday 2nd July Precise are launching a new range of Buy to Let Mortgages.
To
secure a product from the current range you must fully submit your application
before 8pm on Wednesday 1st July.
Speak to the impact help desk for assistance, or if going direct, choose IMPACT as your submission route!
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01/07/2020 - Kent withdraw products
To secure a product from the current range, an AIP needs to be submitted by 8pm today (Wednesday 1 July) - PACKAGERS ONLY.
Fully
packaged cases including the valuation report must be received by 8pm on
Thursday 16 July. Please note, we will not be able to start underwriting the cases
if you have not uploaded all the essential documents listed in the portal.
Call the impact help desk for assistance ASAP
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30/06/2020 - Foundation making changes
Foundation are making some exciting changes to their buy to let range this Thursday 2 July.
Amongst other changes, they will withdrawing a number of 2 and 5 year fixed products which will be replaced with rates reduced by up to 40 basis points.
Any DIPs on existing products will need to be received by 7pm on Wednesday 1 July
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25/06/2020 - Precise into Wales/Scotland
In
addition to England, Precise are delighted to announce that as per new COVID-19
guidelines, they can now progress cases across their lending products within Wales from today and Scotland from Monday 29 June.
These will be processed using physical valuations.
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25/06/2020 - Kent launch tax guides
Do you want to know the latest insights about professional landlords and the key considerations they face regarding tax changes?
Well, you are in
luck! Kent Reliance for Intermediaries has worked with EY to produce a brand
new guide. It provides detail on such areas as:
- Capital gains tax
- Stamp duty land tax (SDLT)
- Inheritance tax
- Income tax and corporation tax
- Annual tax on enveloped dwellings (ATED).
- Examples of corporate ownership tax position
Download the guide today to ensure you can use these insights in conversation with your professional landlord clients. Click Here
Remember: individuals should always seek professional tax advice.
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19/06/2020 - Saffron withdraw 90 / 95% LTV
2.30pm - the following products will be withdrawn from sale at close of business this evening 5pm (19 June):
- 3.17% fixed until 30.11.2023 First Time Buyer 95% DR0778
- 3.27% fixed until 30.11.2025 First Time Buyer 95% DR0779
- 2.77% fixed until 31.10.2025 Owner Occupied 90% DR0782
DIPs that are submitted prior to the withdrawal will be able to progress through to application.
We thank you for your support and interest in the range and hope to have further products back on the market soon
9 am - From Saffron - "following the success of our limited availability mortgage products, the following products have now been withdrawn from sale.
- 3.07% fixed until 30.11.2022 First Time Buyer 95% LTV
- 1.97% fixed until 31.1.2022 Owner Occupied 95 LTVDIPs which have already been submitted can be progressed through to application."
Please send over DIPS asap VIA THE IMPACT PORTAL on the 3 and 5 years, as we believe these will be withdrawn shortly also!------------------------------------------------------------------
17/06/2020 - Saffron launch 95% LTV
- FTB 3.07% Fixed until 30.11.2022
- FTB 3.17% Fixed until 30.11.2023
- FTB 3.27% Fixed until 30.11.2025
- FTB Joint Borrower Sole Proprietor (JBSP) 3.47% Fixed until 30.11.2025
- Free valuation
- Minimum age 21
- Repayment only
- Max LTV 95% inclusive of fees
- Minimum loan size: 30,000
- Maximum loan size: 500,000 (Up to 1m within the M25 subject to max 90% LTV and underwriter assessment)
- 99 processing fee applies
- No maximum property value / Minimum property value is B#100,000.
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11/06/2020 - FHL no ERC BTL
Foundation Home Loans have made a series of changes to their BTL range including reduced rates and a new five year fixed fee product.
Changes being made today include:
- Rates have been reduced across our Buy to Let Range by up to 50 bps
- HMOs and Multi Unit Blocks are now available to 75% LTV
- A new five-year product with a fixed fee of 1,995
- Extension of our end dates to 31/10/2022 for 2 year products and 31/10/2025 for 5 year fixed rate products
See the FHL lender page for full product information. http://www.impactpackaging.co.uk/intermediaries/lenders/Foundation_Home_Loans/
Call the impact team to find out more or to discuss an enquiry.
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11/06/2020 - HTB to increase rates
HTB will increase their lending rates for both Buy to Let and Semi Commercial products effective from Monday 15th June.
As you will appreciate, they closely monitor lending and market
conditions in order to offer competitive service and products. As part of their commitment to you, they will always endeavour to give at least 2 days notice
in advance of any rate increases to help you manage your business.
From Monday, their rates will increase by 0.25% for all Specialist Mortgages Buy to Let and Semi Commercial products.
Please contact the impact help desk for assistance with DIPS or Applications.
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10/06/2020 - Tipton withdraw 90% LTV
"As a direct consequence of so many lenders exiting the 90% market this week, to control our exposure we have now been forced to withdraw our remaining 90% discounts with immediate effect.
I would
advise products codes D594 and RMD195 have been withdrawn,
applications on any previously agreed DIPs will continue to be accepted until
close of business Monday 15 June."
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10/06/2020 - Pepper restrict criteria
We continue to see an increased demand across our range from a growing number of customers with complex circumstances. These changes will allow us to offer simple solutions for many, whilst balancing our current credit risk and volume appetite to enables us to maintain a high level of service.
Here are the headlines of the changes:
- Launch of a new Pepper Light range for customers with no CCJs and withdrawal of all Pepper 6 products
- Full range re-price with rates now starting from 3.70% and withdrawal of all Free Valuation Products and all 0 completion fee options
- Withdrawal of payable legal options on remortgages where our free standard legal package is available.
- Withdrawal of all 75% max LTV products from Debt Management Plan range
- Residential completion fees now 1,295
- Withdrawal of Limited Edition BTL ranges for Standard and Ltd Company Landlords
- Maximum 2,500 total value of CCJs per application and no unsecured missed/late payments accepted in the last 12 months
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10/06/2020 - Zephyr up to 75% LTV
Following
an extensive update to our product range, we are now offering Standard products
to 75% LTV and Specialist products to 70% LTV
Key criteria highlights
- Standard products available up to 75% LTV, with Max Loan size of 1m to 70% LTV and 750k to 75% LTV
- Specialist products available up to 70% LTV, with Max Loan size of 750k - including New Build properties within the M25
- (Max Loan size for New Build properties outside the M25 is 500k)
- Rates start from 3.19% (2yr Fixed Standard to 60% LTV)
- No upfront application fees across our entire product range (other fees and costs apply)
- HMO, MUFB, FAC and New Build products available
- No minimum income for Standard applications, 25k gross for professional landlords
- Physical property valuations via Connells.
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09/06/2020 - Pepper make changes
Pepper are making some changes to their Residential and Buy to let mortgage ranges from 6pm tonight.
Full details of the change including a new range of Pepper Light products, for clients with no CCJs will be communicated to you Wednesday 10th June.
To secure one of Peppers existing products, please ensure you have progressed any cases to DIP Illustration produced status with product selected by 6pm tonight. The Full Mortgage Applications for those cases must be submitted with fees paid by 6pm on Thursday 11th June. They will not be able to honour any cases that miss these deadlines.
Speak to the impact team for assistance.
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09/06/2020 - Fleet launch 75% LTV
Fleet are withdrawing all products tonight at 5pm. All DIPS and Apps must be submitted by 5pm to secure current deals.
New products will be launched on Wednesday 10th June up to 75% LTV.
More to follow..
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08/06/2020 - Interbay large HMOs
InterBay Commercial is now accepting HMO and MUFB applications on properties of up to 20 bedrooms/units.
Key criteria:
- LTV up to 70%
- Max loan size 1.5m (higher amounts considered by referral)
- Available as purchase or remortgage
Speak to the impact help desk to find out more.
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08/06/2020 - HTB BTL with 2 yr ERCs
Hampshire Trust Bank has launched a new five year product, with two year ERCs. It allows brokers to offer the best of both worlds to
their clients. The borrower can get the certainty and leverage provided by a
five-year fix with the flexibility of a two year ERC. This enables more control in
managing their portfolio as plans change and opportunities arise. Products are available up to 75% LTV.
Speak to the impact team to find out more.
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04/06/2020 - Pepper change criteria
At Pepper Money we believe its important to be transparent about how we assess your clients applications. Due to the on-going effects of COVID-19, we have made some changes to our underwriting requirements.
We do not accept applicants who are:
- Currently in receipt of Coronavirus Job Retention Scheme (CJRS)
- Currently in receipt of the Self Employment Income Support Scheme
- On a mortgage payment holiday with their current lender:
- Applying for a Buy to Let purchase product
- Applying for a Let to buy product
Our requirement for Self-employed applicants is full business accounts:
SA302s will only be accepted in addition to the full business
accounts. SA302s are not acceptable proof of income on their own but will
be requested where the accounts have been prepared by an accountant who does
not appear on our list of accepted qualifications. We may also request them to
confirm dividends which do not appear in the business accounts.
In addition we have further requirements to confirm mortgage and rental payments for re-mortgage applicants:
For Residential remortgage applications, we will require you to
verify that your customer is not experiencing financial difficulty and is able
to meet their monthly repayment. Please supply a copy of the latest bank
statement evidencing payment of the last months mortgage payment.
For BTL re-mortgage applications, you will need to verify that your
customer has been receiving rental payments from their tenants. Please supply a
copy of their bank statement evidencing receipt of the rental payment for the
last month, in addition to a copy of the AST
Remember, all applications will continue to be manually
underwritten and we will be taking into account the current economic
environment. This is likely to lead to an increase in questions and/or evidence
requested.
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03/06/2020 - Kensington back to 80% LTV
Kensington make changes to their Residential and BTL ranges including:
RESIDENTIAL
- NEW 80% rates across our Select, Core, Young Professional and Heroes ranges
- Reinstated New Build applications
- Reintroduced HTB with 75% LTV
BUY TO LET
- Resuming purchase applications
Speak to the impact help desk to find out more or to discuss an enquiry.
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03/06/2020 - Furlough updates from OSB
Kent Reliance
- Furlough income accepted - 80% of income to a maximum of B#2,500 along with any evidenced employer top-up over and above this amount
- For those on the Self Employed Income Support Scheme (SEIS), current income will be used for affordability purposes where evidenced
- Bounce back loans and coronavirus business interruption loans are not acceptable as a source of deposit
- Where the landlord has income that is unrelated to buy to let, and is in receipt of furlough/SEIS income, the application can be considered
- Bounce back loans and coronavirus business interruption loans are not acceptable as a source of deposit
- At this stage we continue not to accept applications requiring the use of personal income
- Furlough income accepted - 80% of income to a maximum of B#2,500, along with any evidenced employer top-up over and above this amount
- For those on the Self Employed Income Support Scheme (SEIS), current income will be used for affordability purposes where evidenced
- Where the landlord has income that is unrelated to buy to let, and is in receipt of furlough / SEIS income, the application can be considered
- Bounce back loans and coronavirus business interruption loans are not acceptable as a source of deposit
- At this stage we continue not to accept applications requiring top slicing
- We are happy to accept applications from companies and individuals in receipt of bounce back loans and CBILS but please note we will not accept them as a source of deposit
- Where the landlord or applicant has income that is unrelated to buy to let, and is in receipt of furlough / SEIS income, the application can be considered
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02/06/2020 - Tipton launch new exclusives
Tipton have launched two new semi-exclusive fixed rates products available for house purchase up to 85% LTV:
- 1.99% 2 year fixed rate - 999 arrangement fee
- 2.29% 5 year fixed rate - 999 arrangement fee
Should you require any further information regarding the above please do not hesitate to contact the impact sales help desk.
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01/06/2020 - Bluestone launch full range
Bluestone are pleased to be extending their product range to include AAA, AA, A & BBB up to 75% LTV on their residential and Buy-to-Let product ranges. This includes re-launching the Sapphire range through selected packagers, such as impact. This includes the relaunch of Help to Buy.
Key highlights:
- Now accepting applications across all tiers (Clear, AAA, AA, A & BBB) to a maximum LTV of 75%
Great news and speak to the impact help desk to find out more.
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01/06/2020 - Landbay launch new range
With effect from 01/06/2020 Landbay will be launching a new product range which includes lending up to 75% LTV:
- New Build, Small HMO/MUFB and Large HMO/MUFB.
- Standard BTL now to 75% LTV
- Rates starting from 3.39%.
- New range of New Build products
- Lifetime Tracker with no ERC
- Physical valuations
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01/06/2020 - TML large loans, lower fee
The Mortgage Lender (TML) have launched lower fees on larger loans applications:
- Available on loans from 500k to 1.5m with a lower completion fee from 0.5%
- Completion fee can be added to loan
- Affordability from 125% at 3.59%
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26/05/2020 - Pepper valuations and new products
Pepper will be instructing full physical valuations (England
Only) for pipeline cases and new business from 9am on Tuesday 26th May.
This will be done via internal inspections, a full risk assessment will be
carried out to ensure the safety of applicants and surveyors before any
physical valuation takes place. They will not be using AVMs or desktop
valuations.
To coincide with this, changes to their Residential and Buy to let product ranges will also be available from Tuesday 26th May.
Due to the on-going effects of COVID-19 all applications will continue to be manually underwritten; however, we will be taking into account the current economic environment which is likely to lead to an increase in questions and/or evidence required.
Summary of the product changes:
- Withdrawal of all 85% LTV products
- Withdrawal of all 80% LTV products across our Buy to let, Limited Company Buy to let, Debt Management Plan and Residential- 6, 12, 18 and 24 ranges
- Withdrawal of all Buy to let purchase products
- Rates increased from 0.15% across all products
Please speak to the impact help desk to find out more or to discuss an enquiry.
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21/05/2020 - Zephyr return to lending
Zephyr are now able to instruct full physical property valuations
- so we are open for business to support you and your clients.
Alongside taking new instructions, we will be working through our pipeline with our panel surveyors as quickly as possible and have contacted brokers with applications in progress.
At
present, we are offering mortgages of up to 60% LTV, with a maximum
individual loan limit of 1m.
Please speak to the impact team to find out more.
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21/05/2020 - Pepper withdraw all products
Pepper are pleased
to inform you that they will shortly be recommencing physical valuations in
England. To enable them to implement the process for this, they are withdrawing all Residential and BTL mortgage products from 6pm tonight.
Full details of the valuation process alongside a refreshed range of products and rates will be communicated to us on Friday 22nd May at 6pm.
To secure one of their existing products please ensure can you kindly ask your intermediary team to have progressed any cases to DIP Illustration produced status with product selected by 6pm tonight. The Full Mortgage Applications for those cases must be submitted with fees paid by 12pm on Tuesday 26th May. Pepper will not be able to honour any cases that miss these deadlines.
Speak to the impact packaging team for further assistance.
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20/05/2020 - TML launch HMO and MUB
TML confirm HMOs and MUBs are back!
Purchase and Remo to 75% LTV available to Individuals, Ltd Companies and ExPats.
No limit on background portfolio.
Call the impact team to find out more!
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19/05/2020 - Precise, Kent, Interbay to 75% LTV
Precise, Kent and Interbay all increase LTVs to 75% LTV. Key highlights include
PRECISE
- LTV limits increased to 75% across buy to let and residential first charges (plus lender fees)
- Help to Buy reintroduced, purchase only
- New Builds and Studio Flats accepted
- HMO and MUBs (multi-unit) remortgages included
Buy to Let
- 6 bed HMOs remortgages considered
- Multi-unit BTLs (MUBs) remortgages considered
- Portfolio lending available
- Joint tenancy or tenants in common accepted
- Bespoke ICRs - refer to their buy to let calculator
- 125% ICR available for limited company BTL
- Adverse considered
Residential
- Options for capital raising (including debt consolidation)
- Consider both the employed and self-employed
- Unsecured arrears are not counted but may affect the customers credit score
- Adverse considered - please speak to the impact help desk to find out more
Buy to Let
- Rates from 3.59%
- Up to 75% LTV
- Maximum loan 3m
- HMOs with up to six bedrooms accepted (remortgage only)
- Multi-unit freehold blocks accepted
Residential
- Rates from 3.69%
- Up to 75% LTV
- Loans starting from 50k
- Maximum loan size 1m
- Two and five-year fixed products
- Rates from 4.24%
- Up to 75% LTV
- Two and five-year fixed products
- Minimum loan 100k
- Maximum loan 3m
- Portfolio landlords and HMO remortgages accepted
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18/05/2020 - Precise / Kent / Interbay withdraw products
Precise Mortgages, Kent Reliance and Interbay Commercial will be introducing a new range of products to help you and your customers.
Existing products
will be withdrawn at 8pm on Monday 18th May. Full applications must be submitted in order to secure rates.
The new range of products will
be available on Tuesday 19th May.
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18/05/2020 - HTB increase to 75% LTV
It is more important than ever that we continually review our lending criteria as more information comes to light. With immediate effect we are increasing our maximum LTV to 75% for the right type of deals - the right properties, the right yields and the right borrowers.
Up to 65% LTV - All BTL, HMO and Semi Commercial deals are eligible for 65% LTV providing they meet our standard criteria.
Up to 70% LTV - As per 65% but with the following additional restrictions:
- Maximum loan size of 3m
- increased ICR hurdles by 10% e.g. 125% for Ltd Company borrower becomes 135% - OR 6-months worth of interest is to be placed on account for the first 12 months of the loan
- The borrower must have a BTL track record and have taken no payment holidays across their portfolio
Up to 75% LTV - As per 65% but with the following additional restrictions:
- Maximum loan size of 550k (or 750k inside M25)
- Increased ICR hurdles by 15% e.g. 125% for Ltd Company borrower becomes 140%
- The borrower must have a BTL track record and have taken no payment holidays across their portfolio
- The property must have been used as a rental property recently
- Excludes New builds (including heavily refurbished properties) and studio flats
- For purchase deals or minimum capital raise refinances only
Speak to the impact team to find out more or to discuss an enquiry.
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18/05/2020 - Foundation resume lending
Foundation Homeloans will once again be accepting new business.
- Maximum LTV for both residential and Buy to let will be 75%
- ICR for both individual and ltd company will be increased to 145%
- Still lending to FTLs
- Short Term let No longer available.
All other criteria will remain the same. FHL want to be at the forefront of specialist lending as they look to continue to develop their proposition over the coming weeks and months.
Speak to the impact help desk to find out more.
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18/05/2020 - Fleet resume physical valuations
New business levels will be carefully monitored in partnership with our funders, and we are confident that permissible volumes will climb over time back to a BAU position. New applications will strictly be processed in the order received where all relevant fees have been paid, and we will constantly keep both you and advisers notified as lending appetite increases.
- Rates Start at 3.24%
- Rental Calculations from 125% @ 3.75%
- Standard - Limited Company / HMO & MUB
- Up to 60% LTV
- IMPORTANT - New COVID-19 valuation rules apply.
Speak to the impact team to find out more.
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13/05/2020 - Bluestone restart lending
We are pleased to announce that we are now open for new applications on our Clear product range up to 75% LTV!
There can be no doubt that we are operating in a disrupted
market environment, and over the past few weeks, we have been working hard to
get back to what we do best, which is provide great service, high-quality
specialist underwriting decisions, and most importantly provide strong outcomes
for our intermediary partners and their customers.
By using alternative valuation methods, we can now progress
qualifying applications through to offer. All offered loans are continuing to complete as normal.
Here is a quick summary of our key features:
- AVM Loan 500,000 & up to 75% LTV
- Ignore all Defaults & CCJs registered 3 years ago, even if outstanding
- Allow one satisfied default registered in the last 3 years with no monetary value limit
- Ignore all CCJs & Defaults under 300
- Up to 2 missed payments per unsecured credit in the last 6 months
- Minimum 1 years self-employed
- Use the latest years accounts for affordability
- Consumer BTL & first time landlord accepted
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12/05/2020 - Masthaven loan increase
Masthaven Bank have made changes and increased the maximum loan amount from 250,000 to 350,000, making them more accessible.
Available on first
charge residential two and five-year fixed remortgages, give your customers the
option to remortgage without having to pay any fees up front
Key features reminder:
- No standard legal fees
- No lender fee
- No application fee
Call the impact team to find out more.
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07/05/2020 - LTVs up at Kent & Precise
Both Precise
Mortgages and Kent Reliance for Intermediaries will be increasing
the LTV on Buy to Let and Residential mortgage products to 70%, on properties
valued up to 750k, using desktop valuations:
- NEW increased LTV to 70%
- NEW Maximum loan size increased to 525,000
- NEW Maximum valuation increased to 750,000
- No assessment or valuation fee
- Available in England and Wales (& Scotland for Precise)
- Purchase and remortgage products
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07/05/2020 - Tipton pause BTL
As a consequence of a reduction in residential business volumes due to the ongoing Covid-19 lockdown, we must now temporary withdraw our BTL product range to manage our exposure limits.
Existing, approved DIPs will continue to be honoured and can
progress to application but no new enquires will be accepted at the current
time.
We hope to be in a position to review this decision, as some normality returns to the mortgage market later in the year.
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06/05/2020 - Interbay relaunch products
InterBay Commercial has resumed business, and their team of experts are on hand to help with your cases. While physical property valuations remain unavailable, they have been working hard to find a solution for you and your customers.
With this in mind, InterBay Commercial are excited to announce the launch of new semi-commercial and buy to let product ranges, available for properties with a value of up to 1m.
New buy to let products with a property value of up to 1m at 70% LTV using desktop valuations and lending to investors with more involved ownership structures.
New Semi-commercial ranges to 60% LTV underwritten subject to physical valuation stage.
Speak to the impact help desk on 01403 27 26 25 to find out more.
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05/05/2020 - Tipton withdraw 90% LTV
Due to unprecedented demand, as a consequence of the majority of lenders
withdrawing their high LTV products, Tipton will be withdrawing their 90% fixed rates
for all new enquiries from close of business today.
Their 90% two
year discounted product is being monitored but will remain available at the
current time.
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05/05/2020 - Precise relaunch Bridging
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05/05/2020 - Kensington launch AVMS
Kensington have launched a valuation solution! The Kensington
Property Valuation involves a combination of Desktop Valuations, AVMs in
addition to their own data and property experts. This will now enable them to value
properties and take cases from application, to offer, to completion
Alongside
the introduction of the Kensington Property Valuation, they have also updated their product offerings to include the re-introduction of 75% LTV rates - included for
both Residential (purchase and remortgage applications) and Buy to Let
(remortgage applications only).
Call the impact team to find out more.
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04/05/2020 - Masthaven increase AVMs
Masthaven are listening to brokers and responding to customer needs. With surveyors currently unable to value properties because of the coronavirus lockdown and social distancing, they are expanding their AVM approach to help more of your customers through the mortgage process during these challenging times.
This week, for the first time, they are introducing AVMs for:
- First charge residential purchase
- BTL remortgage
- BTL purchase
- Residential remortgage
- Second charge residential
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01/05/2020 - Shawbrook increase DCSR
As part of our carefully considered response to the changing environment, we are temporarily increasing the minimum DSCRs for new HMO applications.
Payrate DSCR Cover (5+ year fixed rate on 10+ yr term only)- Personal applications: Increased from 175% to 195%
- Ltd Company applications: Increased from 150% to 165%
- Personal applications: Increased from 160% to 180%
- Ltd Company applications: Increased from 150 to 165%
Speak to the impact team to find out more
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01/05/2020 - Marsden go to desktop vals
Restrictions on non-essential travel mean physical and
drive-past valuations cannot currently take place. We have moved to desktop
appraisals for all our mortgages, but that means we have had to lower our LTV
limit to 60%.
We have launched new products across Residential, Older
Borrower, Retirement Interest Only (RIO), Expat Residential and Expat Buy to
Let.
Speak to the impact team to find out more.
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01/05/2020 - Kensington change LTVs
Kensington will be updating their Residential and Buy to Let product guides from Tuesday 5th May with the following changes:
- Re-introduction of 75% LTV rates
- Removal of our 70% LTV rates
- Withdrawal of our eKo Mortgage Range
- Withdrawal of Buy to Let PURCHASE
Please refer to
Sourcing Systems or log in to our broker portal for all rates
available.
CURRENT PRODUCT SUBMISSION DEADLINES
Decision in Principle Illustration - produced by 5pm Monday 4th May
Full Application - submitted by 5pm on Tuesday 5th May
Please speak to the impact team to find out more or to submit and enquiry.
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28/04/2020 - Masthaven launch fee free
Masthaven are giving your customers some added flexibility
with the launch of a new range of limited edition fees-free remortgages.
Available on first
charge residential two and five-year fixed remortgages, give your
customers the option to remortgage without having to pay any fees up front
Key features - No standard legal fees / No lender fee / No application fee
Free valuation, where possible we will use an AVM rather than physical standard property inspectionResidential First Charge 2-Year Fixed Remortgage
- Rate: 3.59%
- Minimum loan 40,000, maximum loan 250,000
- LTV up to 65%
- Low ERCs - 2% year one, 1% year two
Residential First Charge 5-Year Fixed Remortgage
- Rate: 3.99%
- Minimum loan 40,000, maximum loan 250,000
- LTV up to 65%
- Low ERCs - 2% year one, 1% years two to five
Remortgaging activity has increased during the coronavirus outbreak, with estimates suggesting a 60% rise in online searches for the term remortgage as more customers look for ways to refinance their home.
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23/04/2020 - TML launch 75% LTV AVM
TML is now live with Desktop valuations up to 75% LTV on both new and pipeline cases.
We will be utilising Desktops where possible, whilst the governments current measures around Covid-19 are in place that mean physical valuations are not possible.
Where a property is not suitable for a desktop assessment or
AVM, we will put the case on hold until government advice allows valuers to begin
physical inspections again.
This would include the following property types;
HMO and MUB
- New build property (built in last 24 months)
- More than 4 bedrooms
- Studio flats
- Flats in blocks with over 6 storeys
- Flats with suspected cladding
- Properties with land above 2 acres
- Listed buildings
- Modern methods of construction
- Leases with under 85 years remaining
- Properties above or adjacent to commercial premises
- Property values in excess of 1m outside M25 or 1.5m inside M25 (refer for prime central London above 1.5m)
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22/04/2020 - Tipton change Later Life
Tipton have revised their criteria relating
to Later Life lending to introduce a downsizing option, upon the death of
either borrower. Changes are effective immediately and specific to joint
applications where both customers are currently retired and applying for
one of their Later Life products but excludes their Retirement Interest Only (RIO) products.
Where affordability (upon death of either borrower) cannot be proven in one name, providing it can be demonstrated that there is sufficient equity available for the surviving borrower to downsize to a 2 bedroom flat or house within 5 miles of the mortgage security this will now be considered acceptable for underwriting purposes. Subject to their standard minimum requirements for interest only (sale of mortgaged property) being satisfied - Max 60% LTV; Minimum 200k equity (500k within M25).
Speak to the impact Help Desk to find out more or to submit an enquiry.
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17/04/2020 - Shawbrook confirm AVM stance
We have revised our approach to support completion of Desktop Valuations during this difficult time when our valuers are unable to undertake physical inspections.
As you will know, we currently use AVM to support our application process for single dwellings up to 75% LTV, and will continue to do so. The following is simply an enhancement that adds Desktop commentary on cases that may not meet the AVM requirements.
Please note that Desktop Assessment will be restricted to an upper value of 1,000,000 in Greater London (within M25), and 500,000 for all other locations.
- Residential Flat (4 storeys max) - AVM - Desktop - If Satisfactory, no further valuation requirements
- Small HMO/Semi Commercial - No AVM - Desktop - Formal offer subject to Physical Re-Inspection
- Large HMO/MUB/Commercial/HMO Conversion/Flat (over 4 storeys) - No AVM - No Desktop - Formal offer subject to full valuation.
Further to the Scottish Government issuing emergency legislation, we are pleased to announce that we are able to process and complete on loans in Scotland once again.
Please contact the impact help desk to find out more or to discuss an enquiry.
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17/04/2020 - Kent Reliance launch AVMS
Kent - We have worked closely with our
valuation panel partners and are pleased to confirm we are now able to accept
desktop valuations on residential and buy to let mortgages.
Key criteria for desktop
valuations:
- Available up to 60% LTV
- Max loan size of 360k
- Property value between 75k and 600k
- No valuation or admin fees
- Available for both purchases and remortgages
- Available in England and Wales
Speak to the Impact team to find out more or to submit a DIP.
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16/04/2020 - Precise launch products
Precise - We have worked closely with our valuation panel partners and are pleased
to confirm we are now able to accept desktop valuations on residential and
buy to let first charge mortgages subject to the criteria below.
With effect from Friday 17th April we will be launching a new range of Residential and Buy to Let first charge mortgage products for properties located in England, Wales and Scotland.
Key Features of the range Include:
- Available for both Purchase and Remortgage
- No Assessment Fee or Valuation Fee payable
- Maximum LTV of 60% LTV
- Maximum property value of 600,000
- Minimum property value of 75,000
- Maximum loan amount of 360,000
Please note that this is not available for Second Charge Loans and
Bridging.
Call the impact team to find out more, or send over a DIP on the portal.
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16/04/2020 - Specialist Lending Guide
Download the latest Specialist Lending Update from impact by CLICKING HERE http://www.impactpackaging.co.uk/intermediaries/lenders/
This will give you all of the latest feedback from the lenders on their current situations, products, valuations and mortgage payment holidays.
Keep checking back as this will be updated as new information is received.
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15/04/2020 - Tipton change criteria
You will appreciate that at the current time, criteria (both residential and BTL) is under continuous review but we are delighted to advise we remain very much open for business and continue to accept expat BTL applications up to our normal 70% LTV limit for both purchase and remortgage.
We would also advise of the following changes to existing policy:
- We have removed the higher HRT ICR calculation that was automatically applied where the clients UK equivalent income exceeded B#50,000. The standard calculation that now applies regardless of income level is detailed in the table below.
- Flats in blocks of more than 5 storey will continue to be considered on an individual basis by our lending credit committee, but are now restricted to a maximum limit of 8 storeys and 60% LTV#
- Applications for 1 bedroom apartments/flats will not be considered at the current time
- #Desktop valuations can now be completed, further details relating to our revised valuation process and any exclusions that apply will be released this week
#Full applications already submitted will continue to be
assessed and underwritten against the criteria that applied at the time of application.
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15/04/2020 - Hampshire Trust restrict LTV
HTB - Until we have more clarity around the actual performance
of property prices post COVID-19, we are restricting our maximum LTV to 60% for
any loan which relies on a valuation report which contains material
uncertainty. We will continue to review our position as we are able to build up
our base of up-to-date house price data.
Valuation is as much an art as it is a science, but a
key element of any valuation is suitable comparable transactions and the truth
is that we wont have comparable transactions for a number of months in some
cases.
Despite what people are saying, the problem is not how
do we get surveyors to inspect properties during the lock down, this is merely
an inconvenience. The real problem is what number do we put on any valuation in
the months following lock down and how confident will we be to lend against
that number.
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14/04/2020 - UTB Change AVM max
UTB - Hometrack Automated Valuation Model
The maximum property value for all UTB Hometrack AVMs has been increased from 500k to 1m. All other LTV and Loan Amount parameters specific to each product set remain the same, as does the minimum confidence level of 5.0.
All pipeline applications are eligible for this increase, and the UTB Hometrack Real-time Template has already been updated for Packager/Distributors.
We are also liaising with our Surveyor panel regarding other alternative methods of establishing security value, aside from a Drive-By or Full Internal Valuation, and will keep you updated in this respect.
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14/04/2020 - Family update on Vals
Family have temporarily agreed that they will carry out desktop valuations from today.
For new cases we have agreed that we will instruct valuations as normal and the valuers will then either do a desktop if possible and within the parameters below, or place the instruction on hold until they are able to view the property.
A desktop report is
acceptable only for houses (not flats, maisonettes or barn conversions),
of standard construction and type, which are habitable, wholly for
residential/BTL purposes and where standard insurance conditions will apply.
The parameters where a desktop may be accepted are:
the loan does not exceed 60% of property value, which must not be
estimated at more than 500,000, or
the loan does not exceed 50% of property value, which must not be estimated at more than 750,000, or 1m inside London.
As we are only accepting a desktop report to 60% LTV we are happy to accept this but applicants must satisfy themselves as to the suitability of the property , especially on a purchase..
As the property is not being inspected there will be no
floor area reported and consequently no insurance reinstatement cost, again we
have agreed to accept this.
Whether a desktop valuation can be carried out or not all
cases will be underwritten as fully as possible , to the point where the last
outstanding item is the valuation, and introducers kept informed . Once the
valuers are able to visit property again, they will commence making
appointments.
If applicants or introducers are not prepared to wait for a full valuation we will refund any fee paid and cancel the application so they can submit to an alternative lender if possible.
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07/04/2020 - TML change BTL
The Mortgage Lender are making changes to their BTL range which are live with immediate effect.
The changes are:
- 30bps rate increase on all BTL products
- Withdrawal of all 80% LTV products
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06/04/2020 - Changes - Family BS
Family BS are making changes to
our semi exclusive products.
Current
products will be withdrawn and any applications on these rates must be
received by close of business Friday 10th April.
Withdrawn products
- Residential - Interest only 3.19% 2 year fixed XF0246 / Interest only 3.69% 5 year fixed XF0253 / Joint Mortgage Sole Owner Special Repayment 2.89% 5 year fixed XF0259
- Buy to Let (Standard & Ltd Co) 3.64% 5 year fixed rate XF0262
- Expat Buy to Let 3.79% 5 year fixed rate XF0264
In addition to the new products, the following changes have also been made;
Cashback offered for residential remortgages where the client is using external solicitors is increasing from 250 to 400.
The fixed rates noted above must complete by 1st October 2020 for this product setMinimum loan sizes on residential interest only fixed rates have been removed (previously 200,000, now 45,000)
New products (60% LTV
in all instances)
Can stress at pay rate for affordability (contact BDM for help)
No minimum income or minimum equity for interest only
Up to age 89 at application
BUY TO LET (STANDARD & LTD CO) Repayment or Interest Only 5 year fixed rate 3.34% 999 product fee (XF0282) / 45,000 minimum loan
Can stress at pay rate for rental calculation (contact BDM for help) at either 130% or 145%
No minimum income
Portfolio landlords accepted and no back stress on the portfolio
EXPAT BUY TO LET Interest Only 5 year fixed rate 3.49% 1% product fee (XF0284) / 100,000 minimum loan
Can stress at pay rate for rental calculation (contact BDM for help) at either 130% or 145%
No minimum income employed, self employed and retired accepted
Portfolio landlords accepted and no back stress on the portfolio
Over 40 countries accepted contact for more info
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03/04/2020 - Together Money update
TOGETHER - It is unfortunately become a well used phrase but these are unprecedented times, for everyone, but also within the mortgage industry. In our 45 year history, we have never encountered anything like this. But we remain determined to work together with our colleagues, customers and valued business partners to rise to the challenge in the way that we have to others in the past.
We have been reviewing the current situation and listening fully to Governmental guidance and have been able to safely enable over 700 colleagues to work from home and implement a process to assist our existing customers through these difficult times.
We have had to make some difficult decisions. We recently announced that we would stop accepting new applications for the time being as we reviewed the pipeline and we can now communicate the following.
These changes will now apply across both our Commercial Finance and Personal Finance applications in pipeline:
Cases at Pre offer stage
All cases are on hold until further notice. We will constantly review this and communicate further, either holistically or on specific cases when this changes. Unfortunately, in this market, we are not able to put a timescale on this right now.
Cases at Offer stage
Where we have issued an offer, our underwriters will continue to review cases and will communicate next steps with you as soon as they can.
Purchases
Where a case has already exchanged, we will review the customers affordability to ensure this is still right for them.
Where the case is offered and not exchanged as of 3rd April 2020, we will pause the application for an initial 3 months. We will constantly review our processes in line with market conditions and government advice, but for now, we will not progress these cases.
Remortgage & other products
We will undertake a full review of the customers affordability to ensure it is affordable, still right for them and that they want to proceed.
Where the current property value can be established (and with validated affordability), the case can progress.
Where the property value cannot be confirmed and/or affordability validated, the offer will be suspended and reviewed when appropriate. Again we cannot, in the current circumstances put a timescale on this.
In Commercial Finance where a case is below 50% loan to value and where we can be confident that affordability is both sustainable and plausible we will look to progress these cases. If this is a bridging case we will also need to be confident around the exit.
We are working as fast as we can. We will contact your customers directly and we will keep you updated on your cases as quickly as possible.
If you have any specific questions about offered cases, continue to call us on the number you have always used, and we will do our best to answer them. Please refrain from calling if your case has not offered as the information given above will apply.
Our teams are working incredibly hard helping our brokers and customers; our SLAs have understandably been adversely impacted as we prioritise the existing customer communication so please bear with us.
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03/04/2020 - Further product updates
MT FINANCE
MT Finance is dedicated to continuing to support the broker community through this challenging time. Our core principles that have made up the foundations of our business remain unchanged as we continue to provide flexible, transparent, and commercial lending solutions to meet our clients needs.
We are lending at sensible loan to value levels, to enable
each transaction to work where possible, whilst also safeguarding against
further potential market changes. These are set at the following maximum levels
- Up to 65% against residential, for both first and second charges
- Up to 65% against semi-commercial properties, for both first and second charges
- Up to 55% against commercial properties, first charge only
We will ensure that each loan has an appropriate term, which gives clients the best opportunity to complete the transaction and implement their exit strategy.
We are working with all our surveyors and solicitors to
ensure that we can provide the best coverage and service possible. We are
committed to finding solutions to the issues that social distancing can create.
We currently have valuation coverage throughout the UK and Wales and a fully
operational solicitors panel.
Where available and appropriate we can consider existing
valuations from within the last three months alongside an audit from one of our
panel valuers. We remain focused on working creatively to find solutions to the
challenges we all presently face in conducting business.
All of our team have now been working from home for the last 3 weeks, supporting our brokers and each other to get transactions done. We will remain on hand to do so for as long as it takes.
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03/04/2020 - April 3rd - lender updates
KENSINGTON
PRICING UPDATES ACROSS RESIDENTIAL AND BUY TO LET LIVE TOMORROW, SATURDAY 4TH APRIL
Please note that we are changing the rates across all of our
products, which are all at 70% LTV, effective from tomorrow, Saturday 4th
April.
CURRENT RATE SUBMISSION DEADLINES
- Decision in Principle Illustration produced by 5pm TODAY, Friday 3rd April
- Full Application submitted by 5pm on Monday 6th April
The market has continued to become more restrictive, with most purchase transactions being delayed and physical property valuations becoming impossible due to COVID-19. As a consequence, we have taken the decision to withdraw our products and suspend all new mortgage applications as part of a temporary pause in origination activities.
We will continue to process applications that have already been
submitted to us, prioritising those applications where the valuation has
already been completed. All other applications will be processed and
underwritten as normal, pending the availability of an acceptable valuation. We
are working on desktop and AVM alternatives to physical valuations and will let
you know if we are able to deliver this solution. All offered loans will
continue to completion as normal.
MASTHAVEN
We are making some temporary changes to our product range and criteria as a result of the coronavirus crisis.
We are open for lending. We believe that at this time it is important, as a Bank, that we support you and your customers with financing options responsibly structured and underwritten. So while we are making changes we are continuing to offer a lending range.
Property valuations
As you will no doubt be aware, there has been significant disruption to property valuation services with some suppliers withdrawing their services completely.
We have been working hard on a solution; however, it does mean that some of our lending will be further restricted as a result:- Where a full valuation is not available we will consider drive-by valuations supported by an AVM max LTV 60%
- Where a drive-by valuation is not available we will use our new AVM Plus service max LTV 50%
Product changes
The following changes are being made to our products on Monday 6th April but we thought you would appreciate a little notice:
Development/Commercial loans- We will not be accepting any new development or commercial loans until further notice. This will enable our team to support existing borrowers with projects already in progress
Bridging loans
- Larger loans our Bridging Plus range will be removed but the maximum loan size will be increased on our Prime and Standard range
- Prime bridging range will be restricted to 70% for first charge, 60% for second charge
- Minimum term will be 12 months early repayment is subject to minimum 1 month interest paid
- Refurbishments will not be available on Prime products
Full details of all these changes will be sent to you along with
our updated product guide on Monday 6th April. Applications
for any accepted DIPs not already submitted will need to be received by
midnight on Sunday 5th April.
We know that there are lots of changes being made across the market but hope you appreciate that making these changes enable us to continue to support you and your customers during this unprecedented time.
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01/04/2020 - Shawbrook / Octane / Family
Shawbrook have made a number of product changes to their first charge and short term ranges:
With immediate effect, all products will be capped at 75% LTV.
- All applications over 65% LTV will be subject to additional assessment and may therefore take more time.
- Increased margins on certain products and LTVs. Please refer to the updated product guide.
- If your customer has a Formal Mortgage Offer (FMO), we will honour it, regardless of LTV.
- All other pipeline cases will be assessed based on the new 75% LTV maximum and the additional assessment over 65% LTV.
- Whilst the eAIP service remains live, please note that all cases will be subject to an overriding manual review and should not be considered as supported until such review is completed. An eAIP approval is therefore not an approval until confirmed by a Lending Manager.
- In addition to the max 75% LTV across all products:
- Heavy Refurb; The pandemic has substantially impacted the
construction industry and supply chains. We are unable therefore to consider
lending for this purpose until further notice.
- Developer Exit applications will be assessed on a case by case basis and will assume that the assets will be held for term, rather than sold. Standard BTL term affordability criteria will apply and market rent will therefore be a key consideration. Please discuss with your BDM or Sales Desk prior to submission.
- We recognise that any changes to our Regulated Bridging products may impact the initial advice provided. Please ensure that all new and pipeline cases remain compliant with your advice process and MCOB rules prior to completion.
- We are open for business albeit at reduced LTVs (on most deals this has only been a 5% reduction in LTV). As always, we review each deal on a case-by-case basis and now more than ever our #3rdGen product-less proposition will continue to assess each deal on a risk based approach.
- Our entire team, is 100% operational and working from home, we completed 15 deals last week so we know this is working well.
- Our legal partners are also 100% operational and working from home. We have worked with them to ensure that borrowers can sign without having to meet the solicitor face to face.
- The main stumbling block currently is valuations. While our valuer partners are eager to continue to support us, many are finding it difficult to do so while complying with the current government social distancing guidelines. We are working with our valuer panel to come up with creative ways to solve this.
We are making changes to our semi exclusive products.
Current products will be withdrawn and any applications on these rates must be received by close of business Friday 10th April.
In addition to the new products, the following changes have also been made;
- Cashback offered for residential remortgages where the client is using external solicitors is increasing from B#250 to B#400.
- The fixed rates noted above must complete by 1st October 2020 for this product set
- Minimum loan sizes on residential interest only fixed rates have been removed (previously B#200,000 now B#45,000)
Withdrawn products
Residential
- Interest only 3.19% 2 year fixed XF0246
- Interest only 3.69% 5 year fixed XF0253
- Joint Mortgage Sole Owner Special Repayment 2.89% 5 year fixed XF0259
Buy to Let (Standard & Ltd Co)
- 3.64% 5 year fixed rate XF0262
Expat Buy to Let
- 3.79% 5 year fixed rate XF0264
Get in touch!
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31/03/2020 - Product updates today
Foundation - We have seen lenders significantly reduce their product
offering and some have suspended lending completely. Whilst we believe all of
this will be temporary, we must take necessary steps in the short term to allow
us to trade through this unprecedented disruption. We have taken the decision to temporarily suspend all new
applications as from 31 March 2020. This is to allow us to focus on delivering
support, including MPH arrangements, to our 25,000+ borrowers.
UTB - 4 updates are summarised here:
- New Max 75% LTV for all employed applicants
- New Max 65% LTV for all self-employed applicants
- Employed Applicants:
- Guaranteed income, such as Basic earnings and Car Allowances, will be accepted as normal.
- 50% of Commission will be accepted, subject to the standard 18m history and evidence.
- Regular Bonus/Overtime payments will now not be accepted for most employees.
- For Key Workers listed on www.gov.uk regular Bonus/Overtime, including Shift Allowances, will be considered on an individual case basis, subject to the standard 18m history and evidence.
- Whilst underwriting can continue, mortgage offers and completions on all properties in Scotland must be paused. This is as a result of the Scottish Land Registry closing, and therefore no new lender charges are currently able to be registered.
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30/03/2020 - Further product changes
Kent Reliance - Due to the unprecedented demand from our existing customers regarding payment holidays, latest government advice and the current situation with valuations, we have taken the decision to temporarily suspend new applications for all of our product lines and divert our resources to support our borrowers during this challenging time.
To facilitate this, we will be removing access to our online application system from Friday 27th March.
Precise Mortgages - Due to the unprecedented demand from our existing customers regarding payment holidays, latest government advice and the current situation with valuations, we have taken the decision to temporarily suspend new applications for all of our product lines and divert our resources to support our borrowers during this challenging time. To facilitate this, we will be removing access to our online application system from later today Friday 27th March.We will not process applications that have not progressed to offer; such cases will be placed on hold until further notice.
Fleet Mortgages - All products to 60% LTV with effect from Friday 27thLandbay - All products to 60% LTV with effect from Friday 27th
Pepper - currently undergoing assessment of cases in the pipeline to see if they can still lend to them
Kensington - As you know, surveyors are unable to offer internal valuations at this time. We are exploring an alternative valuation solution but this will not be suitable for our full product range. As a result, and to be fair to you and your customers, we are withdrawing, with immediate effect, a number of products that we know will not be covered by this solution and that we are therefore unable to make offers on today. We hope to reinstate these products once physical valuations can restart.
- We have reduced our maximum LTV on all products (both residential and BTL) to 70%. Whilst sourcing systems may still indicate we are open to applications at 75% LTV we will only consider loans at 70% LTV or below
- We have reduced the maximum property value to 1m,
across both Residential and Buy to Let
- Withdrawal of all New Build products including Help to Buy
- Withdrawal of Later Life
- Withdrawal of HMO/MUB
- We have extended our property exclusions. Please check our Lending Criteria online for the full list
- All pipeline cases ALREADY in receipt of a valuation will continue as usual
- Pipeline cases below 70% LTV without a valuation will proceed as and when we have an alternative valuation solution
- Pipeline cases above 70% LTV without a valuation will regrettably be cancelled as we will have no valuation solution until internal valuations resume
Masthaven - making the following changes (DIP by 5.30pm TONIGHT):
- First charge residential products - MB0/MB1 maximum LTV now 75%, MB2 no longer available
- First charge buy to let products - Specialist Property - no longer available / Specialist Landlord/Tenant - no longer available
- Affordability criteria -
- Employed applicants - we are not able to consider using any variable elements of pay like overtime, bonus or commission. Please only enter basic annual salary when completing an affordability assessment/DIP
- Zero hour contracts will not be considered except for key workers as defined by the government during COVID19
- Contractors - we need a minimum of 3 months remaining on a current contract or evidence of a contract renewal for at least 3 months
- Self employed - we are not able to consider using projected income
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27/03/2020 - What we know - Residential
In the current climates, things are changing quickly. We have tried to summarise as below (these will be updated real time):
RESIDENTIAL / BUY TO LET
Bluestone - No physical valuations being completed until further notice. We are working on alternative solutions and will provide a further update as soon as possible. In the meantime, we are very much open for business as normal. We will prioritise those applications where the valuation has already been completed. All new applications will be processed and underwritten as normal, then held awaiting the valuation and our final assessment. We now have everyone working from home and the business is operating as normal, with the exception of us being able to send out offers to customers by post. Please could you forward to the Mortgage Offer and other documents to your customer.
Dudley - The Society has made the difficult decision to temporarily withdraw our mortgage product range for new applications with immediate effect. We will be contacting all of our partners to discuss the position of applications that are in the pipeline on a case by case basis and any pre offer applications will continue to be progressed up to the point of valuation. We ask that you keep us updated with any changes to your clients circumstances. Not taking other calls
Fleet - No valuations and no facility to do an AVM. If there are any changes with this they will let us know. All products limited to 60% LTV
Foundation Home Loans - We cannot currently accept Automated Valuations, Desk top or Drive by valuations. We are investigating viable alternatives, but in the meantime we will be unable to instruct new valuations until further notice.
Kensington - At this time, surveyors are unable to offer their standard valuations. We are working on a solution and considering the best options available, however please be aware that cases without a valuation cannot proceed to Offer until a valuation has been carried out. No facility to do an AVM currently.
Kent - No valuations and no facility to do an AVM, they will advise when they
have a solution
Landbay - No valuations and no facility to do an AVM, they will advise when they
have a solution
Masthaven - can do an AVM on max val of 150k with 75% LTV,
THEY ARE STILL ABLE TO DO FULL VALS BUT MAY TAKE LONGER THAN USUAL
Pepper Money - In common with many other lenders, physical valuations will now not take place in the next 3 weeks, the initial review period announced by the Government. As a result, there will be a number of customers who will have received a call cancelling their valuation appointment and who will be keen to understand what will happen next. Customers will have the choice of either receiving a refund of their fees if they no longer wish to proceed with their application, or instructing Pepper Money to continue with the application, accepting that the physical valuation will not be carried out for at least the next three weeks at which point we propose to review and contact the customer again. No facility to do an AVM at this time.
Precise - TBC
Saffron - Not taking calls until further notice
Skipton International - no valuations until further notice
Tipton - no valuations until further notice
TML - Residential lending paused due to the current climates.
Zephyr - no valuations until further notice
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26/03/2020 - What we know - Bridging
In the current climates, things are changing quickly. We have tried to summarise as below (these will be updated real time):
BRIDGING
Hampshire Trust - At the moment, any properties which have already been inspected will be reported back in the usual way. However, any properties yet to be inspected will be placed on hold and our panel manager will liaise with each client as to how those cases should be progressed.
However, we can still do a considerable amount prior to the valuation being received. All documents can be reviewed and new enquires can be responded to in readiness for when that valuation lands on our desk. This preparation will allow you and your clients to hit ground running as soon as things return to normal.
Interbay - As it stands at the moment no decision has been made as a business we are obviously looking at options and will update you when we are in a position to do so.
Masthaven - looking at AVM model, and will consider re-types
MT Finance - will consider re-type
Octane - We are currently reviewing our options and working on an alternate yet suitable solution and as soon as we have worked that out, we will be shouting from the rooftops because we still have good appetite to lend and are still completing deals!
Octopus - Unfortunately, at this moment in time we would not be able to offer desktop valuations, however, with everything going on we are constantly reviewing our processes so this would be subject to change.
Precise - AVMs up to 50% LTV and up to 1m
Single unit residential property / Maximum value 600k / Maximum LTV and minimum confidence levels for capital value within certain parameters / England and Wales only / No property above or adjoining commercial premises / Freehold or minimum unexpired 85 years leasehold / No converted flats / No new build property built within last 24 months / Report is valid for 6 months / Rental income should be taken from the lower of passing and AVM rental value for DSCR purposes
Together - No new business
UTB - AVMs up to 55% LTV, and up to 1m
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26/03/2020 - Kensington make changes
Kensington will be
updating Residential and Buy to Let product guides tomorrow, Friday
27th March 2020 with the following changes:
- Removal of Property Plus range from both Residential and Buy to Let
- Withdrawal of 90% LTV from Residential
Please refer to
Sourcing Systems or log in to broker portal for all rates
available. Please may I also ask that you let all advisers know of the
deadline for DIP production and full application submission is as follows.
CURRENT PRODUCT SUBMISSION DEADLINES
- Decision in Principle Illustration - produced by 5pm TODAY, Thursday 26th March
- Full Application - submitted by 5pm on Friday 27th March
At
this time, surveyors are unable to offer their standard valuations. Kensington are
working on a solution and considering the best options available, however
please be aware that cases without a valuation cannot proceed to Offer until a
valuation has been carried out. This may mean your client is waiting longer
than usual from Application to Offer, but as soon as Kensington has a solution we will
update you.
Speak to the impact team to find out more.
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24/03/2020 - Together halt lending
In
light of the above, the evolving situation across the country in respect to
COVID 19, the Governments and/or regulators current or future responses to
tackling the situation, and to provide clear, effective direction to our
business partners, we have made the following decisions:
|
- For a temporary period, effective immediately, we will not accept any new applications across our product range. |
|
- We are prioritising those applications already in the pipeline that are for purchases and specifically on those where the borrower has already exchanged contracts. |
|
- Our pre-offer pipeline is currently being reviewed whilst we assess the market environment and our lending criteria. |
Together as a lender has been supporting customers for over 45 years, through many challenging environments, and will continue to do so. Today we feel that supporting our existing customers through these difficult times is the prudent and sensible thing to do and has to be our priority.
The
situation will remain under constant review and our teams will remain in close
contact to ensure that you are kept as up to date as possible during this
period.
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24/03/2020 - Foundation unable to survey
From Foundation - In response to the curfew imposed by the government last night, key valuation partners have announced that they are to suspend physical inspection of properties until further notice. These are very difficult times for everybody and we respect their decision we are certain that it has not been made lightly. We also expect that most valuation providers will follow suit.
We cannot currently accept Automated Valuations, Desk top or Drive by valuations. We are investigating viable alternatives, but in the meantime we will be unable to instruct new valuations until further notice.
We will keep you informed of any update during these challenging times.
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23/03/2020 - Kensington changing criteria
Kensington are making changes with effect from Wednesday 25th March
As a result, the following will change tomorrow:
Residential
- Withdrawal of the Options range
- Maximum loan amount of £750k across Select and Large Loan ranges
- Maximum loan amount of £750k up to 85% LTV
- Maximum loan amount of £500k up to 90% LTV
- Withdrawal of 80% LTV
- Maximum loan amount of £500k
Remember to choose IMPACT as your submission route.
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23/03/2020 - Landbay reduce LTVs
In line with some other lenders on the specialist panel, Landbay have reduced their LTVs from 80% to 75% LTV with immediate effect.
Selected rates have also increased.
Speak to the impact helpdesk to find out more.
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23/03/2020 - FHL rates changing TODAY
FHL will be making a number of changes to their buy to let and residential
products as of close of business today.
Buy To Let
- FHL will be increasing rates on all buy to let products by 30 basis points
- FHL will be withdrawing our remortgage special product
- Their low loan products are also being withdrawn
- FHL will be increasing rates on all residential products by 30 basis points
- Their fee-assisted range of residential products are being withdrawn
- FHL will no longer be providing free valuations on their residential range
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20/03/2020 - Fleet withdraw products
Fleet are changing all their products.
With immediate effect the following products have been pulled (please note these are all their free valuation products):
- BTL00228, BTL00229, BTL00226, BTL00236, BTL00231, BTL00227
- LTD00193, LTD00197, LTD00198, LTD00192
Yesterday Fleet withdrew the following products
- BTL00237, BTL00238
- LTD00198, LTD00199
- HMO00121, HMO00122
These are all of their 80% LTV products as the new maximum
LTV is 75% across the product range.
A Summary of the changes going live 9am 21st March
- All products increased by 30bps
- Reversion rates increased to minimum LIBOR + 5.00%
- End dates and ERC dates extended to 31/7
- Maximum loan size reduced to 1 million
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20/03/2020 - Pepper changing products tonight
Due to the recent changes in market conditions and Peppers commitment to maintaining a strong and stable business, they have reviewed their business strategy and risk appetite and as
a result have made a number of changes to their product pricing and criteria,
including:
- Core range reprice which sees rates increase across all products
- Introduction of new Pepper 24 products for customers without CCJs
- Self-employed borrowers are now subject to underwriter review and discretion
- All variable elements of income, including; overtime, commission and bonus payments will no longer be included in the affordability calculation
- Minimum income requirements for landlords is now 30,000
To secure one of their existing products please ensure you have a Decision in Principle (DIP) submitted with the product accepted before 6pm on Friday 20th March.
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19/03/2020 - Foundation make changes
FHL are withdrawing some of their products today these are :
- All BTL 80% LTV products (including the recently launched packager exclusives)
- All 80%, 85% & 90% LTV residential products (including First Time Buyers and the relevant Start exclusives)
- All BTL Short Term Let products
- Finally we will also stop accepting First Time Landlord applications across any BTL product after today
Please DIP and submit any cases for these products by 5:30pm today
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19/03/2020 - Kensington pull LTVS
Kensington will be withdrawing 95% LTV products from their Residential offering and
85% LTV products from their Buy to Let offering, along with 2 of our 75% LTV
products in this latest round of updates.
DIPs must be produced by 5pm TONIGHT. Full applications submitted by Thursday 26th March at 5pm.
Call the impact helpdesk for assistance or highlight impact as submission route if dealing with the lender directly.
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18/03/2020 - Vida pull rates
At the close of business Thursday 19th March Vida will be withdrawing all products on their Vida 1, 2 and 3 tiers. This will impact BTL (including HMO/MUB and Expat) and Residential (including HTB and RTB) ranges.
DIPs for all current products that are on Vida tiers 1, 2 and 3 must be submitted by the close of business Thursday 19th March.
Any pipeline products on Vida tiers 1, 2 and 3 must be progressed to FMA with application fee paid by close of business on Tuesday 24th March.
After this date you will be able to select Vida 4 and 5 products from our Residential range and Vida 4 products from our BTL range.
Remember to choose IMPACT as your submission route or call the team on 01403 272625 for assistance.
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15/03/2020 - Together withdraw products
In light of the
uncertainty around the current economic climate Together want to ensure they continue
to lend responsibly, while providing the best service to customers and
partners.
With effect from Friday 13th March, the below prime plus products will be coming to an end and you will no longer be able to submit a quote or submit a new case. This will include:
First charge prime plus products:
- 2 year fixed rate 4.29% & 5 year fixed rate 4.99%
- Submitted applications will have until Monday 13th April 2020 to be offered.
Changes to maximum
loan size:
Together will also be updating the maximum loan size across some
of their product range:
- Unregulated Bridge updated to 2m*
- Regulated Bridge updated to 1m*
- Commercial Term updated to 1m*
You will no longer be able to submit a quote or a new case which is above the new maximum loan size. For all enquiries and queries, please speak to the impact help desk on 01403 27 26 25
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13/03/2020 - impact - business as usual
We will be keeping a close eye on the government warnings
and the increasing impact that COVID-19 is having on our country. We will
follow any official guidance as required.
Ensuring the health and well being of our staff, their families, our partners and clients is of our greatest concern.
As it stands, we are business as usual. However, should impact need to close our offices, all of our staff can work from home. The impact portal is cloud based and therefore there should be no impact on the ability to continue to provide you with our full range of packaging and client referral services. Our phone lines will be diverted as required.
We will update you further if things change.
Thank you for your continued support and stay safe.
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13/03/2020 - Precise reduce HMO beds
On Thursday 26th March Precise are introducing changes to their HMO and Limited Company HMO criteria to allow for a maximum of 6 lettable rooms (bedrooms).
If you have a new 7-8 bedroom HMO application you would like to place with Precise Mortgages, we can accept these provided they are submitted before 6pm on 26th March.
If you have a 7-8 bedroom HMO case currently progressing with Precise, they will get in contact with you.
Remember, impact has access to a wide variety of lenders to assist with the larger HMOs, etc so please contact the helpdesk on 01403 27 26 25
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13/03/2020 - Foundation make changes
On Monday 16 March, FHL will be making some changes to some of their buy to let products and extending the end dates.
At the same time they will be withdrawing the following
products:
- HMO large loan product
- Large HMO large loan product
- Short Term Let large loan product
- 5 year fixed rate large loan product with a 0.75% fee
FHL will also be making a number of other changes including
product fee reductions and a new product.
Please contact the impact helpdesk to discuss an enquiry on
the existing range
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10/03/2020 - Saffron withdrawing BTL
On Thursday 12th March at close of business 5pm, Saffron will be withdrawing all their BTL products from sale.
BTL ranges being
withdrawn from sale:
Everyday BTL
Limited Company BTL
Expat BTL
BTL Light refurbishment
Houses of Multiple Occupation (HMO)
Houses of Multiple Occupation (HMO) Light Refurbishment
In order for any BTL
cases in progress to be honoured, the case must be fully submitted with fees
paid by 4.59pm on Thursday 12th March
At this time they will not be replacing their withdrawn BTL products.
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27/02/2020 - TML to withdraw 90% products
TML are withdrawing their 90% product ranges.
DIPS must be completed by 5pm on 28th February
All applications must be in with them by close of business on Wednesday 4th March.
Please contact the impact help desk asap for assistance or to complete DIPs and APPs.
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24/02/2020 - Dudley make changes to LTI
Dudley have made changes as follows:
Loan to income ratios will now be capped at 4.49x income across all applications, excluding pound-for-pound remortgages and unregulated buy to let loans.
- The maximum LTV for lending into retirement will be 75%.
- The maximum LTV for lending in retirement will be 70%
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14/02/2020 - Specialist Lending & Tech Expo
Impact Specialist Finance, the specialist mortgage broker and distributor, has announced that it will be hosting two Specialist Lending and Technology Expos.
These will consist of a full day of activities centred around introducing brokers to specialist finance providers with a focus on complex residential, buy to let, bridging and commercial finance. Technology will also form an integral component within the day, in terms of demonstrating how intermediaries can implement online tools, systems and solutions into specialist finance offerings to meet the ever-shifting needs of the modern borrower.
The events will take place at
Gatwick on Thursday 26 March and Solihull on Thursday 24 September. They will
start at 9.30 am and include provider roundtables alongside interactive technology
demos. There will also be plenty of time to meet and talk to all the exhibitors
over the course of the day. Unstructured CPD points will be provided and
certificates sent post event.
Exhibitors currently include:
- Bluestone Mortgages
- Fleet Mortgages
- Landbay
- Harpenden BS
- Kensington Mortgages
- MT Finance
- Kent Reliance/Interbay
- Tipton & Coseley BS
- The Mortgage Lender
- OMS
Numbers are limited so please register now to confirm your place https://slate-gatwick.eventbrite.co.uk
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10/02/2020 - Axis Bank Withdrawals
Axis Bank
UK has withdrawn all BTL products.
Last
day for submission of new Decision in Principles: Wednesday 12th
February 2020 (close of business) and application be must submitted immediately
upon acceptance.
Last
day for submission of new Applications: Friday 14th February 2020
(close of business)
Please contact impact to find out more and to submit enquiries.
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30/01/2020 - New from Foundation
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06/01/2020 - Vida withdraw rates
Vida will be withdrawing a small number of BTL products at 8pm on Monday 6th January: BTL Vida 1, 70% LTV, both 2 and 5-year fixed rates
DIPS must be submitted by 8pm on Monday 6th January to secure.
Remember to choose impact as your payment route!
New rates will be issued on Tuesday 7th January.
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02/01/2020 - Interview with Kensington
Dale Jannels, impact MD recently met with Chris Kirby, National Account Manager at Kensington.
Their discussion includes reasons to use Kensingon, the markets and what is in store for 2020.
See the whole video here http://www.impactpackaging.co.uk/intermediaries/lenders/Kensington/
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24/12/2019 - Wishing you a very Merry Christmas!
Our offices will be closing today from 1pm.
We will be closed 25th, 26th, 27th and 28th.
30th Open 9am - 5.30pm
31st Open 9am - 1pm
1st Closed
2nd Business as usual.
Many thanks for your continued support if impact packaging and we look forward to working with you closely in 2020.
Wishing you and your families a very Merry Christmas and Happy New Year!
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10/12/2019 - TML launch products
TML have launched some new semi-exclusive products via impact packaging aimed at helping those with less than perfect credit, complex incomes and new build properties.
Key features include:
- Rates from 2.49%
- Up to 85% LTV
- Utility and Communications defaults are NOT considered adverse credit
- Unsecured 2 missed in 24
- CCJs 0 in 72 months
- Defaults 0 in 36 months
- Secured arrears 0 in 36 months
- No current DMP and Payday loans satisfied 12 months prior to application.
- This product is not available whole of market
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09/12/2019 - Interview with Octane
Impact managing director Dale Jannels interviews Octane Capitals Justin Cooper on the market, their offerings and more.
See the full video at https://www.youtube.com/watch?v=19vWqnHU1wk&feature=youtu.be
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28/11/2019 - Foundation update products
Foundation has withdrawn all current residential products and relaunched with new products and new LTV bands:
Adverse for all residential products has been replaced with new criteria including:
Full details can be seen by clicking on to the Foundation page in Lenders, or call the impact helpdesk to find out more.
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26/11/2019 - Updates from Fleet
Fleet Mortgages introduces reduced rates on their 80% BTL product:
- 3.59% fixed to 31/1/2022 with 1.50% fee
HMO/MUB properties:
- 4.19% fixed to 31/01/2025 with 2% fee
Both include FREE Valuation on properties up to 500,000.
Withdrawn products are BTL00218 and HMO00115.
Call the impact help desk to find out more.
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19/11/2019 - Shawbrook increase procs
We are delighted to confirm that Shawbrook Bank has increased
their proc fees and therefore all new applications sent to impact bridging and
packaging will now offer the following increased proc fees:
- Short Term Lending = 1.10%
- Buy to Let = 0.875%
- Commercial = 0.875%
Please speak to the impact help desk to find out more.
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13/11/2019 - Fleet make changes
Fleet have made a number of changes which cover a
range of criteria including maximum loan sizes, minimum property value,
transactions between connected parties and gifted deposits.
Please call the impact help desk to find out more.
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22/10/2019 - Hampshire Trust Bank added
We are delighted that Hampshire Trust Bank has joined the impact packaging panel.
HTB provides a range of specialist mortgage solutions including bridging, refurbishment, development exit finance, buy-to-let and HMO and semi-commercial mortgages with loan amounts of up to B#15m.
Dale Jannels, managing director at Impact Specialist Finance, said: "Challenger banks, such as Hampshire Trust, are really pushing the boundaries when it comes to developing innovative new products, creating more choice across specialist markets and raising service standards across the board."
Alex Upton, sales director at HTB, added: "I am delighted that we have partnered with Impact Specialist Finance on this agreement. As we are particular about working closely with partners who share our same high standards, attention to detail and customer focus, I am confident this collaboration will be a great success."
Call the impact help desk to find out more!
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17/10/2019 - Precise change HTB criteria
Precise Mortgages has made enhancements to their Help to Buy proposition. These changes bring the following improvements:
- capital raising is now allowed, for the purpose of stair-casing
- The max LTV for a remortgage has increased to 85%
- introduction of new pricing at 85% LTV
Remember - 0 packaging fee and 0.5% proc fee paid on all Precise Mortgages Residential and Buy to Let ranges via impact packaging!
Call the team to find out more.
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08/10/2019 - New Debt Management range launched
impact packaging have a new range of mortgage options for those with a Debt Management Plan.
Highlights include:
- Lending up to 85% LTV + lender Fees
- DMP can remain post completion and affordability calculated on reduced DMP
- Satisfied DMPs or Active DMPS acceptable
- Satisfied DMPs no minimum time it needs to have been running (active DMPs min 12 months)
- Can have had adverse since the DMP
- Defaults registered up to 5 in last 24 months, no limit thereafter
- Defaults do not need to have been satisfied
- Can consider payday loan defaults
- Debt Advisory Schemes (DAS) are also able to access this range
- Rates from 3.15%
Call the impact packaging help desk to discuss an enquiry
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01/10/2019 - New product changes from the Tipton BS
Tipton has made a number of enhancements to their current product range including:
- Up to 4 incomes / 4 applicants
- Joint Borrower/Sole Proprietor
- Lending in to Retirement
- Pension income
- Newly Qualified Teachers
- Zero Hours
- Second Incomes
- Probationery Periods
- Foster Cars
- Capital Raising
- Increasing BTL Max loan to GBP 950k
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01/10/2019 - Like what we do?
Voting closes for the Mortgage Strategy and Mortgage Introducer awards THIS Friday (4th October).
We would be grateful for your vote:
Mortgage Strategy
- Best Broker BTL
- Best Broker Digital Innovation
- Best Broker Short Term Lending
- Best Specialist Broker/Distributor
Please CLICK HERE (https://www.surveymonkey.co.uk/r/publicvote_msa2020)
Mortgage Introducer
- Buy to Let Broker
- Bridging Broker of the Year
- And Innovator of the Year - our colleagues at OMS
Please CLICK HERE (https://mortgageintroducerawards.com/voting/)
Thank you in advance, it is appreciated
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20/09/2019 - Vida launch new semi-exclusive
Vida are launching a new semi exclusive Buy to Let through impact packaging:
- 3.29% 5 YEAR FIXED BUY TO LET
- Up to 75% LTV
- 3495 Product Fee
- Available for loans from 200000 to 500000
- Any limited company, trading or SPV
- No income verification on BTL unless topping up
- Portfolio Landlords up to B#4m/20 properties with Vida
- Rental Top up from 115%
- Capital Raising to repay bridging loan allowed*
- ERC: 4%,4%,3%,3%,2%
Be quick as this will not be round for long! Call the impact packaging helpdesk today!
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19/09/2019 - Fleet added to lender panel!
We are delighted to welcome Fleet Mortgages to the impact packaging lender panel.
Their offering includes Buy to Let, limited companies, Multi Unit and HMOs. Rates start from 2.94% and some products include free valuations.
It is also great to welcome Wayne Fitzpatrick as our new on-site
underwriter for Fleet Mortgages.
Fleet Mortgages are an established specialist BTL lender with an excellent
service proposition, which will be further enhanced by our sales and processing
teams having access to his underwriting expertise on a face to face basis.
We are looking forward to keeping Wayne busy! Call 01403 27 26 25 to speak to
Wayne.
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13/09/2019 - UTB Launch exclusive purchase product
UTB have launched a superb new Residential Purchase product range through impact
A summary of the new Residential Purchase product range is below:
- Max 85% LTV and 500k loan size
- No minimum credit score
- Lifetime BoE trackers alongside 2yr, 3yr and 5yr fixed rates
- ERC-free options for lifetime BOE trackers and 5yr fixed rates
- Gifted deposits, gifted equity and purchase at undervalue accepted
- Flexible property types with no LTV restrictions
- No first time buyers, right-to-buy, new build properties or vendor deposits
- ID verified digitally through the UTB Nivo App
- Max 6.0 LTI under 60% LTV and 4.5 LTI over 60% LTV
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13/09/2019 - Precise launch new products
Precise Mortgages have launched some amazing new products
RESIDENTIAL MORTGAGES
BUY TO LET
Please contact the help desk to find out more.
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06/09/2019 - Kensington reduce rates across the range
Kensington have made changes to their range and number of rate reductions.
Mortgage Release rate - 70% LTV with rates starting from 3.14%
Select range - 85% LTV with rates starting from 2.99% (95% LTV from 5.09%)
Hero range - 85% LTV with rates from 3.04% (90% LTV from 4.69%)
Young Professionals - 85% LTV with rates from 3.19% (90% LTV from 4.84%)
Premier (Up to 2m) - 85% LTV with rates from 3.14% (90% LTV from 4.74%)
Please call the impact packaging help desk to find out more or submit a DIP online.
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02/09/2019 - New Landbay exclusives for large loans
Landbay have launched some fantastic packager exclusives for loans over 1.5m:
**Standard BTL**
2 yr fixed rates, 1.5% Fee
65% LTV 2.99% / 75% LTV 3.09%
3 yr fixed rates, 1.5% Fee
65% LTV 3.19% / 75% LTV 3.35%
5 yr fixed rates, 1.5% fee
65% LTV 3.35% / 75% LTV 3.49%
Tracker 3.39% 65% LTV / 3.49% 75% LTV /1.5% fee
**Small HMO / MUFB**
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16/08/2019 - Extra 500 GBP on UTB Bridging
For all new bridging loan applications of over 500k submitted to impact packaging for UTB this summer, your clients will receive 500 GBP cashback when the loan draws down.
What is more, each qualifying DIP will earn you a UTB Golden Owl point and an entry into a raffle to win great prizes and experiences. The more Golden Owl points you earn, the more raffle entries you get and the more prizes you can choose from if you win.
The promotion is open to all brokers that submit qualifying DIPs between 17 July and 30 September 2019. UTB Terms and conditions apply.
Our Bridging specialists are ready, willing and able to assist with getting your deals paid out this summer.
Speak to the impact packaging team today!
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16/08/2019 - Masthaven withdraw limited range
This is advanced notice that Masthaven are withdrawing their recent Limited Edition Residential & BTL products.
This has been the first time they have gone with a Limited Edition product and the take up has been fantastic, thank you, but all good things must come to an end.
Therefore, we will be withdrawing the products at 5.30pm Friday (tonight). Also, accepted DIPS then need to be converted to full mortgage application by 5:30pm the following Friday 23rd August.
If you have someone contemplating these super deals, please request impact packaging to complete a DIP asap.
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16/08/2019 - Bluestone to change variable rate
On 1st September 2019, the Bluestone Variable Rate will increase from 1.5% to 2.0% which will increase their Term Variable and Reversion Rates.
The change will be reflected in new business rates from 14th August 2019. Please check out their latest product guide for full details.
Sourcing systems are currently being updated.
The new Bluestone Variable Rate will take effect on existing loans from 1st September 2019. They will write to all customers outlining the change and issue revised documentation where appropriate.
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08/08/2019 - UTB add cash bonus for the summer
UTB have a summer offer on all bridging loans!
For all new bridging loans, via impact packaging, UTB will give the clients an extra GBP500 cashback when the loan draws down.
In addition, each qualifying DIP will earn you a Golden Owl point and an entry into a raffle to win great prizes and experiences. The more Golden Owl points, the more raffle entries you get.
The promotion is open until 20th September. T&Cs apply.
Call the impact packaging help desk to find out more.
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07/08/2019 - TMA add impact packaging
Impact packaging has been added to the TMA approved packager panel to help cement the specialist distributors long standing relationship with the LSL Group.
This partnership will enable TMA members to access Impacts extensive range of specialist lending solutions and relationships in areas such as bridging, specialist buy to let, commercial, credit impaired, mortgages abroad and later life lending, amongst others.
TMA works with directly authorised intermediaries to offer mortgage, protection and general insurance products as well as a range of compliance support and ancillary services.
We look forward to working with all TMA members.
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25/07/2019 - Masthaven summer deals
As we are looking at soaring temperatures today Masthaven thought they would cool you down with 2 fantastic Limited Edition products which are live from 9am.
The two products launching on Thursday 25th July are as follows- 30 month Fixed Rate for First Charge Residential with rates starting at 3.04% and lender fee starting at 1,295
- Competitive 5 Year Fixed First Charge BTL Specialist Standard with a fixed fee of 2,995 and a rate of 3.38%
The existing criteria as well as other fees and charges (apart from the lender fees which are outlined below) for the products will remain the same for the applicable product type:
- For the residential products the criteria remains the same as the existing MBO/MB1/MB2 range and all other fees and charges (with the exception of the lender fee) remain the same as the existing standard residential range
- For the BTL products the criteria for the Specialist Standard range remains the same as the existing specialist standard range and all other fees and charges (with the exception of the lender fee) remain the same as the existing standard residential range
Summarised below are the limited edition products with the pricing and fee variants
30 month Fixed for First Charge Residential
- MB0 Increase in fee to 1295 (rates from 3.04%)
- MB1 Increase in fee to 1495 (rates from 3.64%)
- MB2 Increase in fee to 1495 (rates from 3.74%)
Limited Edition 5 Year Fixed for First Charge BTL
- Specialist Standard modified to a fixed fee of 2995 (rate of 3.38%)
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25/07/2019 - Foundation withdrawals
Foundation are to withdraw the following two products at close of business on July 31st:
- BTL-F1 Portfolio Landlord Special 3.39% Fixed to 31-10-2024 75% LTV 1.5% fee - FV (1921FA6027)
- LLC BTL-F1 Portfolio Landlord Special 3.39% Fixed to 31-10-2024 75% LTV 1.5% fee - FV (1921FB6023)
Please send applications to impact specialist finance in time for us to upload with the lender in order to secure funds.
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25/07/2019 - Pepper Money to help clients with issues
Pepper Moneys mission, should you choose to accept it, is to help borrowers get a mortgage that is right for them.
Defaults, CCJs, and
missed payments should not get between your client and their mortgage. Pepper
Money has designed their 6-24 mortgage products to help borrowers who have
missed unsecured payments, or had a CCJ or default registered, as little as 6,
12, 18, or 24 months ago.
What is more, they start with a conversation rather than a credit score, taking a sensible approach to underwriting.
- Zero completion fee options
- Flexible criteria for multiple CCJs
- No pound value limit for CCJs and defaults and they do not need to be satisfied
- CCJs and defaults considered from as recently as 6 months ago
Begin Mission by calling impact specialist finance on 01403 272625
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22/07/2019 - UTB Launch semi-exclusive
SEMI-EXCLUSIVE: Minimum Property Value reduced to 75k, for loans up to 60% LTV
The minimum property value has been reduced to 75k for loans up to 60% LTV. Standard LTV criteria applies for all properties valued over 100k.
Other product features such as No Minimum Credit Score, AVMs up to 250k and no borrower legal representation all still apply.
New 3 Year Fixed Rates
To compliment the existing 2 and 5 year fixed rates, a new range of 3 year
fixes has been launched, summarised as below:
- Available up to 500k and 85% LTV
- 0 Status 3 year fixed rates from 3.90%
- 1 and 2 Status 3 year fixed rates from 4.50%
- All fixed rates revert to Lifetime BoE Trackers at the end of the fixed rate period
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22/07/2019 - Vida changes
Vida will be withdrawing a
small number of BTL and Residential products at 8pm on Tuesday 23rd July:
- BTL Vida 1, 85%, both 2- and 5-year rates.
- Residential Vida 1, 90% LTV, both 2 and 5 year rates.
- Replacement products will be available on Wednesday 24th July
- All DIPs must be submitted by 8pm on Tuesday 23rd July. After this you will required to select a product from the new range in order to proceed.
- Accepted DIPs must be submitted as a full mortgage application, including payment of the appropriate fees, by 8pm on Friday 2nd August.
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22/07/2019 - Precise withdrawals
On Monday 22nd July Precise will
be withdrawing and replacing their entire range of residential and buy to let
mortgage products including refurbishment buy to let products.
They will also be improving their minimum loan sizes by reducing to 40,000 on their buy to let range (specific product restrictions may apply).
All current products can be secured by submitting a full application by 8pm tonight.
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04/07/2019 - Bluestone Help to Buy is popular
This is a very POPULAR product and Bluestone continue to provide a free standard valuation on all HTB products which is instructed on receipt of the application.
Check out the key products highlights below;
- Help to Buy England, London & Wales schemes available
If you are interested in this product offering or have any question then please give us a call on 01403 27 26
Be quick, funds are going fast!
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04/07/2019 - Landbay launch large loans
The Landbay portfolio has had a makeover, so we can bring you and your customers better rates, better fees and offer bigger loans.
What is new?
- Rates reduced by up to 0.6%
- Fees reduced by up to 0.5%
- Loans between B#1.5m and B#2m are exclusively available via a limited distribution including impact specialist finance
Small HMO / MUFB
- 65% LTV 3.49% tracker / 3.09% 2 year fixed
- 75% LTV 3.65% tracker / 3.09% 2 year fixed
Large HMO / MUFB
- 75% LTV 3.87% tracker / 3.59% 2 year fixed
Call to discuss a new enquiry!
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04/07/2019 - Axis Bank change criteria
We are delighted that Axis Bank UK has refreshed their existing product range and launched a new range of products:
Key changes include:
- Landlords are now only required to hold 2 BTL properties for 2 years (compared to 3 previously).
- Where applicant 2 is a spouse, experience as a landlord is no longer required.
- There is now a flat B#499 completion fee option on 2 year fixed rates
- There is now a zero completion option on 5 year fixed rates.
- No minimum income,
- No compulsory additional legal advice,
- No rate loading for Limited Company SPVs,
- Ex Pats accepted,
- HMOs Multi Units and Holiday Lets (inc AirBnB) accepted
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04/07/2019 - Kensington 95% LTV Fee Free
Kensington has launched a new product through their specialist packagers.
Available for Purchases only
- No lender application fee
- 95% LTV
- Free valuation (T&Cs apply)
- Available in England, Wales and Scotland
- Defaults acceptable if older than 36 months (all communication defaults ignored).
- Secured Loan Arrears acceptable if older than 36 months
- CCJs (unsatisfied CCJs will be accepted at the underwriters discretion) 72 months
- Unsecured Credit arrears acceptable if accounts now up to date Max status of 2 in last 12 months
- Unable to accept any Debt Management Plans (DMP) in place less than 12 months
- Payday loans - none in 12 months
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02/07/2019 - Landbay launch exclusive large loan products
Landbay have changed a number of products and increased loan sizes.
Their entire portfolio has
had a makeover, so we can bring you and your customers better rates, better
fees and offer bigger loans
Same great service, new and improved rates and fees.
What is new?
- Rates reduced by up to 0.6%
- Fees reduced by up to 0.5%
- Loans now available up to B#2M - exclusively through packagers.
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02/07/2019 - Saffron increase fees
Saffron are increasing their application fees as of Wednesday 3rd
July. The new fees will be as follows:
- Residential Application Fee = £180
- BTL Application Fee = £200
Their Self-build application fee remains at £300. All our application fees are payable upon submission of a full mortgage application and are non-refundable.
There
is also changes to our valuation fee scale, for reference please check the
Saffron for Intermediaries website tomorrow for the update.
Any DIPs submitted with product selected by close of business on Tuesday 2nd July will be unaffected by this change and the application fee and valuation fee will be as per current fee scale.
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01/07/2019 - Kensington launch Mortgage Release
Kensington launch Mortgage Release range.
Aimed at helping those currently stuck with their lender:
- Reduced stress rate
- no application lender fee
- England, Wales, Scotland
- £75,000 min valuation
- Existing mortgage to be held for at least 10 years.
- Remo on like for like basis.
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26/06/2019 - Dudley are 15 days behind
Dudley BS have issued their current timescales:
Applications: 15 working days (Currently working on applications seen to be ready from 05.06.19)
Post/Offers/Valuations: 13 working days (Currently working on post received 07.06.19)
They are not prioritising any cases currently.
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25/06/2019 - Precise to make changes to BTL
Precise Mortgages will be increasing the minimum loan size across their personal ownership and
limited company buy to let range on Thursday 27th June. There are no other changes to the range.
- Personal ownership minimum loan size moving to 100,000 (was 25,001)
- Limited company minimum loan size moving to 50,000 (was 25,001)
- No change of loan size to HMO and Ltd Co HMO products
For any assistance, please call the help desk on 01403 27 26 25
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20/06/2019 - New 5 year fixed from FHL
Foundation Home Loans have
launched a limited tranche of funds product for BTL:
Portfolio Landlords:
- 75% LTV - 3.39% fixed to 31/10/2024
- Available to individuals and limited companies for purchase and re-mortgage applications
- Product Fee is 1.50%
- The FHL Application Fee of 125 is waived for this product only.
- The product carries one free standard valuation per case (for both purchase and re-mortgage applications) T&Cs apply
Remortgage Special:
- 65% LTV - 3.59% fixed to 31/10/2024
- 75% LTV - 3.89% fixed to 31/10/2024
- Available to individuals and limited companies for re-mortgage applications
- Product Fee is 2,995
- The product carries one free standard valuation per case and B#250 cashback. T&Cs apply
Call the impact help desk on 01403 27 26 25 to find out more.
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11/06/2019 - Hero range launched by Kensington
Kensington understand that certain professions are not a typical Monday to Friday, 9 to 5,
and that sometimes the people in these professions are dedicating themselves to
better our nation, our community, our friends and our families... they are our
Heroes.
These everyday Heroes
do not always have everyday circumstances, and that is Kensington has introduced the Hero Mortgage Range for public
sector employed skilled workers, such as those in the Armed Forces, Teachers,
Police Officers and Nurses.
Call us to find out more
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11/06/2019 - Pepper summer special!
Pepper
Money are heating things up this summer by launching a limited edition Summer
Special, with rate reductions across nearly all Residential and Buy to Let products.
Rates have been cut by up to 0.15%:
- Residential and Buy to Let Pepper 6-24 5 year fixed products
- Residential Pepper 6-18 2 year fixed products
- All DMP products
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10/06/2019 - TML revamp range
The Mortgage Lender has revamped their offerings and changed criteria on their residential and help to buy
products:
- Residential CCJs maximum 2,500 in 36 months. No change to other CCJ measures across the range.
- Help to Buy CCJs maximum 300 in 36 months. No change to other CCJ measures across the range.
- On residential and Help to Buy RL1 and RL2, 2 year fixed rates up to 85% LTV are being reduced.
- Their Real Life 3 Revert Rate product is being withdrawn.
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10/06/2019 - New 5yr fixed from FHL
Remortgage
activity has long proved a vital revenue stream for intermediaries within the
buy-to-let sector. Particularly in recent times as the increase in stamp duty
charges for additional property owners has impacted the number of new
purchases, a trend which shows no sign of slowing down any time soon.
A
recent study by Foundation Home Loans undertaken by BVA BDRC suggested that
nearly a third of all landlords took out a remortgage last year, and a similar
number are expected to remortgage in the next 12 months. And, with more
landlords looking for additional security and greater longer term stability
over their payments, the launch of the Foundation Home Loans five year fixed
rate remortgage special is bound to prove attractive for your BTL clients.
The new mortgage is part of Foundations Tier 1 product range and can be accessed by first time landlords, non portfolio and portfolio landlords.
The five year fixed rate remortgage special is priced at 3.59% up to 65% LTV, and 3.89% up to 75% LTV. The product comes with a flat fee of 2,995 and ERCs of 5%, 4%, 3%, 2%, 1%. It also comes with one FREE standard valuation and 250 cashback upon completion.
Do you have any clients looking for a remortgage special? Please call us!------------------------------------------------------------------
29/05/2019 - Pepper changing rates
Pepper Money are making some changes to their products:
Withdrawals:
- Residential 2 year fixed rate 70% LTV across Pepper 36-48 range
Changing rates:
- Residential 2 year fixed rate with B#995 fee at 75% LTV on Pepper 48 will increase to 2.90%.
- Residential 2 year fixed rate with B#995 fee at 80% LTV on Pepper 48 will increase to 3.02%.
In order to secure one of these products, please ensure impact packaging have completed a DIP by 5pm on Thursday 30th May.
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21/05/2019 - Dudley turnaround times
Please note that Dudley have released their current turnaround times:
DIPs: 2 working days (Currently working on Dips dated 17.05.19)
Applications: 15 working days (Currently working on applications seen to be ready from 09.05.19)
Post/Offers/Valuations: 5 working days (Currently working on post received 14.05.19)
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20/05/2019 - Latest Product Updates:
We have had various product updates over the last few days, so to summarise:
PRECISE MORTGAGES
Increasing minimum loan size to 100,000 on limited edition and ideal for portfolio buy to let products.
To secure rates, submit full application online by 8pm TONIGHT. Do not forget to choose impact sf as your payment route.
BLUESTONE
Help to Buy products now only available through selected packagers.
Impact are one of the chosen few.
LANDBAY
Two new Buy to Let products
Standard 5 year fixed at 3.65%, 1.50% fee.
Small HMO 5 year fixed at 3.65%, 1.50% fee
SKIPTON INTERNATIONAL
Loan term now increased to 35 years.
INTERBAY
Now fixing rates, no longer linking them on LIBOR
Please call the help desk to discuss these options
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01/05/2019 - New residential remo exclusive
We are thrilled to launch an exclusive remortgage product offering:
KEY FEATURES:
- 6 x income
- no minimum credit score
- no borrower legal representation
- no proof of building insurance required
- no LTV restrictions on any flat
- 5 year fixed No ERC products available
- AVMS available to B#250k and 75% LTV
PRODUCT HIGHLIGHTS:
- 2 year fixed rates from 3.80%
- 5 year fixed rates from 3.95%
- Debt Consolidation to scheme limits
- CCJs and Defaults (satisfied or not) up to B#15k > 12 months ignored on near prime plans.
To discuss an enquiry, please call the helpdesk on 01403 272625
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30/04/2019 - Dudley make changes
Dudley BS has increased a number of fixed rate products with immediate effect.
Any pipeline cases will be honoured
and any cases that have been successfully accepted at DIP stage must be
submitted as a fully packaged application by Tuesday 14th May.
In addition, Dudley wanted to update you with changes to their fixed rate products, these are as follows:
- The rates of our fixed two year, three year and five year products will all be increasing by 0.20%.
- We will no longer be offering separate Purchase and Remortgage Products within our fixed rate products.
To find out more and for clarification on case updates, please speak to the help desk on 01403 27 26 25
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25/04/2019 - Precise change limited range
On
Thursday 25th April Precise will be withdrawing
and replacing their Limited Edition Buy to Let
Mortgages.
To secure one of the products, you must fully submit your applications by 8pm on Thursday 25th April.
New products will be available from 8.30am on
Friday 26th April.
For assistance, please contact the impact help desk on 01403 27 26 25
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17/04/2019 - Pepper change rates
On Wednesday 17 April, Pepper will be relaunching their entire core
range including our Packager Exclusive to offer greater choice to customers in
order to meet their individual circumstances.
All current products will be withdrawn on Tuesday 16 April and the new range launched on Wednesday 17 April. The following updates will be effective as of Wednesday 17 April.
- 995 Completion fee across all Residential products except the DMP range
- 0 limited editions incorporated into core range on Residential Pepper 36 & 48
- New 0 completion fee products on Residential Pepper 6-24 - introducing zero completion fee option - ideal for those clients looking to borrow up to our maximum LTV and who would normally have added the fee.
- New valuation fees - out of the 20 valuation fees, Pepper are reducing 11 fees, increasing 4 fees and 6 fees have not changed. Their biggest reduction is by B#200.
- Simplified Buy to Let range.
In regards to our Packager Special, the following updates will be made:
- Withdraw Residential packager exclusives on Pepper 6-18
- Withdraw BTL packager exclusives on Pepper 6-24
- Launch new B#0 completion fee Residential Packager Exclusives on Pepper 6-12.
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28/03/2019 - Pepper change BTL rules
With immediate effect, Pepper will now only accept applicant(s) with
a combined maximum of 9 Buy to Let properties, including the application
property(s).
Please note this change applies to new DIPs. All DIP accepts with
an illustration produced before 5pm on Thursday 28 March will have until 5pm on
Thursday 4 April to be progressed to FMA.
Please contact the help desk to find out more.
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28/03/2019 - Tipton withdraw 5 year fixed rates
Tipton have advised that they have withdrawn their 5 year fixed standard BTL products with immediate effect, these will not be replaced in the short term.
Withdrawn product codes: BF012 and BRF012
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13/03/2019 - Magellan Stop Lending.
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From the lender - "Today, Magellan Homeloans, the specialist mortgage lender, announced
that it has taken the decision to close for new business.
In response to competitive pressures the business has recently seen a number of
lenders reducing mortgage loan interest rates and increasing credit risk
despite increased funding costs. Viewing this as unsustainable Magellan has
reluctantly taken this decision, having considered a number of alternative
options.
Magellan will cease accepting new business with immediate effect. However, it
will continue to honour unexpired mortgage offers, although these will not be
extended or materially varied.
Decisions in principle and applications in the pipeline will not be progressed
any further. Mortgage applicants who have paid administration or valuation fees
to Magellan but who have not received a mortgage offer will have those fees
refunded."
For further information, please contact the team and we will see if we can assist.
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12/02/2019 - Precise launch large loans
Precise Mortgages have launched Residential products for loans above 1m up to 2m. This is an exciting new update for Precise enabling your customers to now get residential loans up to 2,000,000. With rates starting from 3.09% and 2, 3 and 5 Year Fixed products available we hope that these products will be well received.
A brief over view of the product details:
- Minimum loan size of 1,000,001
- Maximum loan size of 2,000,000
- Max LTV of 60%
- 2 Year Fixed rates from 3.09%, 0.50% Fee and Revert Rate of 5.75%
- 3 Year Fixed rates from 3.29%, 0.50% Fee and Revert Rate of 5.75%
- 5 Year Fixed rates from 3.79%, 0.50% Fee and Revert Rate of 5.99%
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08/02/2019 - Tipton launch ExPat range
Tipton & Coseley Building Society has launched a
range of Ex-Pat buy to let products.
The Tipton is offering two fixed and two discount products for purchase and
re-mortgaging, with a maximum loan size of B#500,000 up to 70% LTV.
The mortgages are available to first-time, self-employed and experienced
landlords.
Landlords must hold a UK bank account and have a minimum income of B#20,000 per
annum or the equivalent in foreign currency income.
The Interest Cover Ratio (ICR) calculation for experienced landlords for basic
and higher rate taxpayers has been set at 125% and 130% respectively stressed
at 5.5% or pay rate on their 5 year fixed rate.
An experienced landlord is defined as someone who currently holds, or has held
at least one buy-to-let property within the last 12 months.
The ICR for first-time landlords for basic and higher rate taxpayers has been
set at 140% and 145% respectively stressed at 5.5% or pay rate on their 5 year
fixed rate.
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01/02/2019 - Kent make changes
Kent Reliance have made a number of changes.
RESIDENTIAL
- Near Prime max loan limit increased from £500k to £1m for all ranges - loans over £500k will be subject to max LTV of 80%
- Improvements to LTV thresholds on near prime 2 and 3
- Targeted price reductions across the prime product range
- Price reductions on all shared ownership 2 year fixed products and new 5 year fixed products introduced
- Interest only asset-backed loans, now available for property values of £500k and a minimum loan of £50k
BUY TO LET
- Reduction in minimum loan size to £50k for specialist buy to let, including limited loans and houses of multipl occupation HMO. Please note that multiple units on a single freehold will still have a £75k minimum loan
- Large loans now available from £750k.
Remember we have an onsite lender underwriter to assist with enquiries.
Call the help desk today!
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07/01/2019 - AToM changes name!
We are hoping you have noticed our fresh and dynamic new brand! But in case you missed the press releases:
AToM, the specialist mortgage broker and distributor has announced that, from January 2019, it will change its operating brand to impact specialist finance. This comes after the family run business, which is moving into its 28th year in 2019, has entered into an agreement with Atom bank.
Founder and chairman, Vic Jannels, said, "We have enjoyed many successful years operating in the specialist mortgage distribution sector. During the last few years we have traded alongside the bank as we mostly operate in differing areas of the mortgage marketplace. Our change of brand has been embraced by the whole AToM team and we are ready to make an impact, through impact specialist finance, in the New Year. Our offering to the market will remain exactly as it is today plus we expect to have many new and different lender products available too."
Dale Jannels, Managing Director, added "It is sad to lose the very well-known AToM name as it has served us incredibly well over the last 27 years. But change is good. We sat down and looked at all the things we do, which include Insurances, Mortgages, Protection And Creative Technology, so the new name is right on the money. This is an exciting new era and having a fresh, dynamic, eye catching new brand in impact, will be a great start to 2019"
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21/12/2018 - New from Kensington
Have a look at Kensingtons NEW lower 75% LTV 2 Year Fixed Special rates, available now.
What is new?
- Residential 75% LTV 2 Year Fixed at 2.74% with B#999 completion fee
- Residential 75% LTV 2 Year Fixed at 3.24% with B#0 completion fee
- BTL 75% LTV 2 Year Fixed at 2.94% with 1.50% completion fee
- BTL 75% LTV 2 Year Fixed at 3.04% with B#1,999 completion fee
- BTL 75% LTV 2 Year Fixed at 3.64% with B#0 completion fee
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21/12/2018 - Magellan change BTLs
Magellan
is making some interest rate changes within its range of BTL mortgage products,
effective FRIDAY 21st
DECEMBER, 2018.
Rates on HMOs and Multi-units are reducing
by 0.2% while rates on the majority of 2 and 5-year fixed rate
mortgages for non-HMOs and Multi-unit properties will be increasing.
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21/12/2018 - Bluestone restrict H2B
Bluestone are making changes to their Help to Buy products from 22nd December. Until further notice, they shall only be offering 5 year fixed rate products in their Help to Buy range.
Applications for the products being withdrawn must be submitted by 5pm on Friday 21st December
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18/12/2018 - Take me Home - Single
Leading figures throughout the mortgage industry have got together to record and release a charity single! Paul Brett (Landbay and Andrew Montlake (Coreco) wrote Take Me Home and with a diverse number of mortgage Stalwarts, including our own MD, Dale Jannels, recorded the single at Londons Powerstudios with legendary producer Benny D.
Please help end Youth Homelessness and buy or download the single at Amazon, Google Play, Itunes or Spotify.
Link is http://www.mortgagesleepout.com/take-me-home
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13/12/2018 - Zephyr Homeloans launches
We are delighted to announce a brand new buy to let lender who have been
launched earlier this week via AToM.
Providing mortgage products that are focused on meeting the needs of
professional property investors.
See more in the lenders page.
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13/11/2018 - Pepper refresh range
Pepper Money have simplified its criteria across all of its product tiers for borrowers with adverse credit.
The simplified product tiers, which range from Pepper 6 to Pepper 48, make it easier for brokers to quickly recognise the criteria that applies to their clients circumstances.
Pepper 48, which has rates starting from 2.17%, is available for clients who have had 0 defaults, CCJs, mortgage or secured loan missed payments and arrears in the last 48 months.
Pepper 36, with rates starting from 2.23%, is available for clients who have had 0 defaults, CCJs, mortgage or secured loan missed payments and arrears in the last 36 months.
This criteria continues through the range for Pepper 24, Pepper 18 and Pepper 12. Pepper 6 is available to clients who have had 0 defaults or CCJs in the last 6 months, and 0 mortgage or secured loan missed payments and arrears in the last 12 months.
Please speak to the help desk on 01403 272625 to find out more
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12/11/2018 - Precise Refurb to Let
Precise have launched a new Refurb to Let product.
This is ideal for:
*One expert underwriter from start to finish
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01/11/2018 - Bluestone update IVA policy
We are pleased to advise that Bluestone have updated their IVA policy.
All defaults included in the IVA will no longer be independently assessed when determining which product will be available from their range. This will allow customers with any number of defaults within the IVA to secure a mortgage.
This is limited to Sapphire Status Packagers.
Please call the AToM Help Desk to find out more.
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31/10/2018 - Castle Trust onsite today
We are delighted to have Andrea from Castle Trust onsite today. She is happy to take any of your customers enquiries and you can call her on 01403 272625.
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30/10/2018 - Secure Trust withdraw rates
Secure Trust are adjusting a selection of rates on their residential mortgage products.
To save the rates, cases must proceed to DIP by 5pm on Wednesday 31st October.
New rates will be issued at 9am Thursday.
Please call the AToM helpdesk to assist with securing rates.
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29/10/2018 - Together launch new Packager exclusives
Together have launched some fantastic new packager exclusives with rates starting from 5.49%
To find out more, go to Lenders and click on the Together logo.
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17/10/2018 - TML 90% Exclusive
TML have launched a 90% exclusive through AToM. Offering 2 and 5 year fixed rates and allowing adverse, these are superb products.
RL1 starts from 3.99% with no adverse within 4 years and no current DMP
RL2 starts from 4.40% with no adverse within 3 years and no current DMP
RL3 starts from 4.59% with no adverse within 2 years and no current DMP
995 completion fees.
Speak to the AToM help desk to find out more!
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17/10/2018 - Pepper launch new rates
Pepper Money have refreshed their Residential product range across Pepper 18, 12 and 6 for clients who have not had a CCJ or Defaults in the last 6 months.
Speak to the AToM help desk to find out more.
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16/10/2018 - Magellan launch in to Scotland
As part of its continuing growth strategy, Magellan is
opening up its range of products to properties in Scotland. Their extensive
mortgage collection offers tailored products for all types of borrowers,
including self-employed, first-time buyers, those on complex income structures,
and borrowers with impaired credit profiles.
To find out more, call the AToM Help Desk on 01403 27 26 25
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16/10/2018 - Family BS withdraw rates
Family Building Society are going to withdraw the following products on 18/10:
5 year fixed rate until 30/11/2023 3.44% XF0166
5 year fixed rate until 30/11/2023 3.64% XF0167
Please contact the help desk asap to confirm product reservation.
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24/09/2018 - Together Launch new Bridging Rates
Together launch an EXCLUSIVE bridging range
Rates start from 0.49%pm for all loans over 100k.
For loans under 100k, the rate will be 0.59%pm
Loans are available to 75% LTV
All Residential Investment Loans have NO exit fee.
Call the team to find out more!
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13/09/2018 - New & Exclusive BTL Product Launch
We are delighted to have partnered with Magellan Homeloans for the launch of their brand new BTL products. Magellan have designed this range by landlords for landlords and have assembled a dedicated BTL underwriting team with an average of 10 years experience underwriting BTL mortgages.
New Product Range Highlights:
- Up to 80% LTV (HMOs & MUBs up to 75% LTV)
- Available for individuals, SPVs and Trading Ltd Companies
- Up to 4 applicants per application
- BTL guarantor option - for inexperienced landlords to purchase HMOs and MUBs using an experienced landlord as a guarantor
- Gifted deposit/Gifted Equity from family members accepted
- No limits on portfolio size and no cash flow or business plans required
- No Personal Guarantees required for SPVs and borrowing under 65% LTV available
- Joint legal representation with Borrowers solicitor available (min 4 SRA managers in firm)
- Mortgages within 6 months of purchase considered!
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12/09/2018 - Kensington 95% LTV Exclusive
Today we are delighted to announce we are exclusive partners with Kensington for the launch of their new 95% Residential mortgage range. This new range is perfect for your clients who are First Time Buyers or home movers, giving them greater flexibility and more choice.
Product Highlights:
- Up to 95% LTV
- Rates from 4.64%
- 2 & 5 Year fixed rates available
- No completion fee rates and free valuations for purchase available
Accepted adverse:
- Up to max status 2 unsecured arrears in last 12 months
- Defaults and secured arrears if older than 36 months
- CCJs if older than 72 months
- All communication defaults ignored
- Debt Management Plans considered if established and satisfactorily conducted for a minimum of 12 months
- Decisions made by an underwriter, not credit score
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10/09/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 10th September
FHL - Annette
TML - Laura
Tuesday 11th September
Harpenden - Graeme
Landbay - Joella
Wednesday 12th September
Pepper - Steve
Thursday 13th September
Kent Reliance - Tim
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05/09/2018 - Secure Trust Residential Product Withdrawal
Please note Secure Trust Bank will be updating a selection of their Residential mortgage products on Monday 10th September.
To secure any rates on their current range, please ensure DIPs and Full Mortgage Applications are submitted by 5pm on Friday 7th September.
For more information please call our sales team today!------------------------------------------------------------------
05/09/2018 - Precise Mortgages Holiday Lets Range
New Product Highlights:
Holiday Lets
- Rates from 2.77%
- Available on Personal Ownership BTL and Limited Company BTL
- Products capped at 70% LTV
- Max loan 500K
- Minimum personal income 40K
Multi Units
- Rates from 3.09%
- Available on all BTL HMO products: Personal Ownership HMO & Limited Company HMO
- Maximum of 6 self-contained flats/units within a single block
- Up to 75% LTV
- Max loan 1m
- Available in England and Wales
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04/09/2018 - New & Exclusive BTL Product Launch
We are delighted to have partnered with Magellan Homeloans for the launch of their brand new BTL products. Magellan have designed this range by landlords for landlords and have assembled a dedicated BTL underwriting team with an average of 10 years experience underwriting BTL mortgages.
New Product Range Highlights:
- Up to 80% LTV (HMOs & MUBs up to 75% LTV)
- Available for individuals, SPVs and Trading Ltd Companies
- Up to 4 applicants per application
- BTL guarantor option - for inexperienced landlords to purchase HMOs and MUBs using an experienced landlord as a guarantor
- Gifted deposit/Gifted Equity from family members accepted
- No limits on portfolio size and no cash flow or business plans required
- No Personal Guarantees required for SPVs and borrowing under 65% LTV available
- Joint legal representation with Borrowers solicitor available (min 4 SRA managers in firm)
- Mortgages within 6 months of purchase considered!
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03/09/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 3rd September
Bluestone - Simon
Together - Lorenzo
Precise - Ian
Tuesday 4th September
Family BS - Sharon
Wednesday 5th September
Precise - Liza
Shawbrook - Pete
Interbay - Marc
Thursday 6th September
Kent Reliance - Tim
Octopus Property - Charlie
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31/08/2018 - Foundation Home Loans BTL Product Withdrawal
Please note our Exclusive BTL Standard Plus Range with Foundation Home Loans will be withdrawn on the 3rd September!
Please ensure alll DIPs are submitted by midday today to ensure you are eligible for this great product!
As a specialist lender Foundation Home Loans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Product highlights:
- 5 Year fixed rates starting from 3.44%
- ICR assessed on pay rate
- Max loan 750K
- Available up to 75% LTV
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- Reduced 1.75% product fee
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30/08/2018 - Bridging Finance completed in 8 days...
Background
Miss A required urgent bridging finance of B#60,000 against an investment property, to assist with the completion of a new residential property.
The AIP was obtained and the application was submitted to the lender on 31st July.
The Solution
The application was underwritten and the valuation was instructed on the same day. The mortgage offer was then issued on 2nd August and the solicitors were sent their instructions.
The lenders solicitor liaised with the applicants solicitors, ensuring a speedy completion and funds were released on 10th August.
From AIP to funding in 8 working days, thanks to the relationship we have with our bridging lenders and experienced bridging team!
Remember, not all bridging loans are large, the small ones also count!
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29/08/2018 - Foundation Home Loans BTL Product Withdrawal
Please note our Exclusive BTL Standard Plus Range with
Foundation Home Loans will be withdrawn on the 3rd September!
Please ensure alll DIPs are submitted by midday Friday to ensure you are
eligible for this great product!
As a specialist lender Foundation Home Loans are only available through
intermediaries, they can offer you a range of competitive specialist mortgage
products for your clients with more complex needs.
Product highlights:
- 5 Year fixed rates starting from 3.44%
- ICR assessed on pay rate
- Max loan 750K
- Available up to 75% LTV
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- Reduced 1.75% product fee
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29/08/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 28th August
Landbay - Joella
Precise - Ian
Thursday 30th August
Family BS - Sharon
Kent Reliance - Tim
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23/08/2018 - Tipton Holiday Lets
Tipton & Coseley Building Society have recently launched a new Holiday Let Range through AToM.
- Available on short-term lets and AirBnB lettings
- Up to 75% LTV
- Available on purchases and remortgages
- Arrangement Fee free options with no ERCs available
- Free Valuation and Free Legals on remortgages
- Single dwellings only (no multiple lets)
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22/08/2018 - AToMs Top Reasons for Case Delays
At AToM, we want your case to go through as quickly as possible!
But some cases can be delayed due to:
- Documents not being certified at all / or incorrectly
- Undisclosed credit information
- Undisclosed information i.e. family members who will reside in the security
- Income evidence does not match income declared on DIP
- Application form, declarations and DDMs not being completed fully and signed
- Clients DIP expires and has to be re-agreed
- The products can be withdrawn
- Your client can lose the property they wish to purchase
And to help further, our award winning system - AToMTogether can offer you:
- Free Specialist Sourcing
- True TWO WAY Lender Integration!
- Copy applications
- Online information sending
- Up to 4 applicants on 1 case
- 24/7 access
- Document shopping list on applications
- Email & Text updates at key milestones
- 28 Downloadable lender pre-populated application forms
- And so much more!
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20/08/2018 - Pepper Product Withdrawal
Please note Pepper will be updating their Pepper36 and Pepper48 products across both their Buy to Let and Residential ranges on Tuesday 21st August.
To secure any rates on their current range, please ensure you submit DIPs with the product selected and illustration produced by 7pm on Tuesday 21st August.
For more information please call our sales team today!------------------------------------------------------------------
20/08/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 20th August
Bluestone - Simon
Together - Lorenzo
Wednesday 22nd August
Pepper - Steve
Shawbrook - Pete
Interbay - Marc
Thursday 23rd August
Family BS - Sharon
Kent Reliance - Tim
Harpenden - Graeme
Magellan - Jacqui
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16/08/2018 - Precise Mortgages Holiday Lets Range
We are pleased to announce Precise Mortgages have released a new Holiday Lets range.
New Product Highlights:
Holiday Lets
- Rates from 2.77%
- Available on Personal Ownership BTL and Limited Company BTL
- Products capped at 70% LTV
- Max loan 500K
- Minimum personal income 40K
Multi Units
- Rates from 3.09%
- Available on all BTL HMO products: Personal Ownership HMO & Limited Company HMO
- Maximum of 6 self-contained flats/units within a single block
- Up to 75% LTV
- Max loan 1m
- Available in England and Wales
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14/08/2018 - Tipton Exclusive High Income Multiples
We are delighted to announce Tipton & Coseley Building Society have relaunched their Ltd Edition High Income Multiples product range, hurry though as this will not be around for long!
Product highlights:
- Up to 6.0x income multiples
- Rates from 2.64%
- Up to 85% LTV
- Maximum loan 450K
- Free valuations and free legal fees available on remortgages
- Available across England and Wales
- Limited funds available, hurry be quick!
Please call our sales team to find out more or to discuss an enquiry!
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13/08/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 13th August
FHL - Annette
TML - Laura
Maria - Together
Tuesday 14th August
Harpenden - Graeme
Landbay - Joella
Thursday 16th August
Masthaven - Roz
Kent Reliance - Tim
Kensington - Mark
Vida - Sally
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08/08/2018 - Kensington Product Range Update
Please note Kensington will be updating their Buy to Let and Residential ranges from Monday 13th August.
To submit a case on their current ranges please see their submission deadlines below:
- Decision in Principle Illustrations by 5pm Friday 10th August
- Full Applications by 5pm Friday 17th August
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07/08/2018 - Exclusive Marsden Older Borrowers Range
Does your client have an interest only mortgage and are they searching for their next solution?
Many customers are facing barriers as they get older when it comes to their mortgage. Often, when people are approaching retirement age they are looking to raise additional finance to meet their plans into and during retirement or, looking to downsize or use their savings to pay off their mortgage. Marsdens new mortgage range may give you more options...
Product Highlights:
- Rates from 2.49%
- Over 55s, up to age 91
- Interest Only up to 65% LTV
- Max loan 750K
- Min loan 30K
- Available for purchase or remortgage
- Minimum valuations 150K
- Fee assisted legals (remortgages only)
- Available in England & Wales
To find out more regarding this exclusive product range please call our sales team today!
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06/08/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 6th August
Bluestone - Simon
Together - Lorenzo
Wednesday 8th August
Precise - Ian
Shawbrook - Pete
Thursday 2nd August
Family BS - Michelle
Kent Reliance - Tim
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01/08/2018 - Tipton Holiday Lets
Tipton & Coseley Building Society have recently launched a new Holiday Let Range through AToM.
- Available on short-term lets and AirBnB lettings
- Up to 75% LTV
- Available on purchases and remortgages
- Arrangement Fee free options with no ERCs available
- Free Valuation and Free Legals on remortgages
- Single dwellings only (no multiple lets)
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30/07/2018 - Family Building Society Product Update
Please note from 27th July, Family Building Society have made some changes to their Buy to Let mortgage product range:
- They have withdrawn and replaced fixed rate products with a decrease in interest rate of 0.10%. End dates have been extended by three months.
- Withdrawn and replaced variable rate products, including their Buy to Let offset mortgages, with a decrease in interest rate of 0.10%.
- Added a 3 year fixed rate option.
Please call our sales team if you have any queries!
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30/07/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 30th July
FHL - Annette
TML - Laura
Wednesday 1st August
Tipton - Richard & Cammy
Family BS - Sharon
Pepper - Steve
Thursday 2nd August
Kent Reliance - Tim
Masthaven - Roz
Kensington - Mark
Friday 3rd August
Secure Trust - Jonathan
Kent Reliance - Scott
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30/07/2018 - Family Building Society Product Update
Please note from 25th July, Family Building Society have made some changes to their Owner Occupier mortgage product range:
- They have withdrawn and replaced all fixed rate products - interest rates are unchanged and end dates have been extended by 3 months.
- No changes have been made to their fixed, discount or tracker rate interest rates.
Please call our sales team if you have any queries!
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26/07/2018 - Kensington 85% LTV Exclusive
We are delighted to announce we have partnered with Kensington
for their new and exclusive Ltd Edition 85% Residential product range!
New Product Highlights:
- Up to 85% LTV
- Rates from 3.34%
- 2, 3 & 5 year fixed rates available
- Fixed 499 Completion fee
- Available in England, Wales and Scotland
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23/07/2018 - Kensington Product Range Update
Please note Kensington will be updating their Buy to Let and Residential ranges from Tuesday 24th July.
To submit a case on their current ranges please see their submission deadlines below:
- Decision in Principle Illustrations by 5pm Monday 23rd July
- Full Applications by 5pm Monday 30 July
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23/07/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 23rd July
Bluestone Mortgages - Simon
Wednesday 25th July
Interbay - Marc
Shawbrook - Pete
Thursday 26th July
Family BS - Sharon
Harpenden - Graeme
Friday 27th July
FHL - Deb
Kent Reliance - Scott
Precise - Ian
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20/07/2018 - FHL Launch Large Loans via AToM
Foundation Home Loans have launched a large loans range that caters for your clients who are looking for a Buy to Let mortgage from 750k to 1.5m (inclusive of fees).
- Max LTV 65% LTV
- Standard ICR rates
- 5 year fixed from 2.99%
- For Individuals and LTD companies
Speak to the AToM help desk to find out more or send over a DIP!
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20/07/2018 - Family widen ExPat countries via Packagers
Family extend the country approvals list for ExPats via AToM.
Countries now include:
- New Zealand
- China & Malaysia
- Kuwait, Qatar, Saudi Arabia, UAE and India.
- South Africa & Oman
This is on the condition that the monthly mortgage payments are to be made from a UK bank account where any rental payments are received.
For Oman, China and South Africa, deposits paid must be evidenced as held within a UK bank account and applicants must be working for a recognised large organisation that have a UK presence.
To find out more, speak to the AToM help desk.
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20/07/2018 - Pepper cut rates
Pepper Money have refreshed their residential product range. The highlight is a cut in rates by up to 0.55% on their 5 year fixed ranges Pepper 18, 12 and 6.
To find out more, speak to the AToM sales team or click on the Pepper page under Lenders.
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12/07/2018 - Aldermore Later Life Lending Range
Have you seen our new and exclusive Later Life Lending Range with Aldermore?
**We are the only packager in the UK to have access to this product!**
Later Life Lending Range Product Highlights:
- Available to over 55s, up to age 99
- Repayment to 75%, I/O to 60%
- Sale of property accepted
- 5 & 10 Year fixeds available
- All incomes considered
- Rental income used to age 85
- Minimum valuation 60K
- Free legals on remortgages
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09/07/2018 - Secure Trust 90% LTV Adverse Exclusive
This morning we are delighted to announce we are partnering with Secure Trust for their New & Exclusive 90% LTV Adverse Product Range!
New Product Highlights include:
To find out more regarding this new and exclusive product range please call our sales team today!
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05/07/2018 - Landbay Packager Exclusive
For more information regarding this product range please call our sales team today!
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28/06/2018 - Precise Mortgages Ltd Edition 5 Year Fixed BTLs
Today we are delighted to announce Precise Mortgages have launched a new Limited Edition 5 Year Fixed BTL product range.
The new products offer a reduction in both rate and fee compared to their standard BTL range, helping your customers benefit from lower up-front costs and a lower monthly payment.
Hurry, these products are available for a limited time only!
Product highlights include:
- Minimum loan size reduced to 175K
- Rates from 3.49%
- Up to 75% LTV
- Available for personal ownership, HMOs & Ltd Companies
- Ideal for low yield, high value properties
- Fees from 1.0%
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25/06/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 25th June
Hodge Lifetime - Abeena
Tuesday 26th June
Kent Reliance - Tim
Shawbrook - Pete
Together - Lorenzo
Thursday 28th June
Kent Reliance - Tim
Family BS - Sharon
Harpenden - Graeme
Magellan - Jacqui
Friday 29th June
FHL - Russell
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21/06/2018 - Landbay Packager Exclusive
For more information regarding this product range please call our sales team today!
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20/06/2018 - Exclusive Marsden Older Borrowers Range
Does your client have an interest only mortgage and are they searching for their next solution?
Many customers are facing barriers as they get older when it comes to their mortgage. Often, when people are approaching retirement age they are looking to raise additional finance to meet their plans into and during retirement or, looking to downsize or use their savings to pay off their mortgage. Marsdens new mortgage range may give you more options...
Product Highlights:
- Rates from 2.49%
- Over 55s, up to age 91
- Interest Only up to 65% LTV
- Max loan 750K
- Min loan 30K
- Available for purchase or remortgage
- Minimum valuations 150K
- Fee assisted legals (remortgages only)
- Available in England & Wales
To find out more regarding this exclusive product range please call our sales team today!
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18/06/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 18th June
FHL - Annette
Together - Maria
TML - Laura
Tuesday 19th June
Kent Reliance - Tim
Landbay - Joella
Axis Bank - Ian
Thursday 21st June
Kent Reliance - Tim
Family BS - Sharon
Friday 22nd June
FHL - Russell
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15/06/2018 - Updated Masthaven First Charge Bridging Range
Have you seen Masthaven have updated their First Charge Bridging Range?
Suitable for owner occupied or property investors, Masthaven can provide first
charge residential bridging loans from 100K to 750K for their updated prime
range customers.
Product highlights:
- New 75% LTV available on purchase on Prime Range through AToM
- Available for properties in England, Wales and Scotland
- Loans from 100K
- Loans up to 750K on Prime Range
- Terms up to 12 months for regulated loans
- Terms up to 18 months for non-regulated loans
- No exit fee or Early Redemption Penalty
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14/06/2018 - New & Exclusive BTL Standard Plus Range
We are delighted to announce our New & Exclusive BTL Standard Plus Range with Foundation Home Loans!
As a specialist lender Foundation Homeloans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Product highlights:
- 5 Year fixed rates starting from 3.44%
- ICR assessed on pay rate
- Max loan 750K
- Available up to 75% LTV
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- Reduced 1.75% product fee
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12/06/2018 - Highly Commended for Best Use of Fintech
We are delighted to announce AToMTogether was Highly Commended in the Best Use of Fintech award at the B&C Awards last week!
Remember AToMTogether offers you:
- Free Specialist Sourcing
- Full TWO WAY Lender Integration!
- Copy applications
- Up to 4 applicants on 1 case
- 24/7 access
- Document shopping list on applications
- Email & text updates at key milestones
- Downloadable lender pre-populated application forms
- And so much more!
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11/06/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 11th June
Together - Lorenzo
Tuesday 12th June
Kent Reliance - Tim
Harpenden - Graeme
Shawbrook - Pete
Wednesday 13th June
Pepper - Steve
Interbay - Marc
Thursday 14th June
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Masthaven - Roz
Friday 15th June
FHL - Russell
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07/06/2018 - New Limited Edition Standard Plus Range
Have you seen our new and exclusive Limited Edition Standard Plus Range with Foundation Home Loans?
As a specialist lender Foundation Home Loans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Foundation Home Loans have also announced their proc fee has increased to 0.45%.
Product highlights:
- 5 Year fixed rates starting from 3.34%
- ICR assessed on pay rate
- Available up to 75% LTV (exclusive 65% LTV rates through AToM)
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- 500 Cashback on Completion on all products
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06/06/2018 - Kensington 90% LTV Exclusive
Have you seen our 90% LTV Residential Exclusive with Kensington?
Product Highlights:
- Up to 90% LTV
- Rates from 3.89%
- Max loan increased to 1m on 90% LTV range
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgage available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Acceptable Credit History:
- Defaults accepted if older than 24 months
- Satisfied CCJs accepted if older than 24 months
- Unsatisfied CCJs accepted which are registered over 24 months ago (at the underwriters discretion)
- Secured loan arrears accepted if older than 24 months
- Unsecured Credit arrears accepted if accounts now up to date (max status of 2 in last 12 months)
- All communications defaults ignored
- 2 Year Debt Management Plans (DMP) accepted
Please call our sales team with your residential cases and they will be happy to help!
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04/06/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 4th June
FHL - Annette
TML - Laura
Castle Trust - Andrea
Tuesday 5th June
Kent Reliance - Tim
Wednesday 6th June
Pepper - Clare
Precise - Ian
Thursday 7th June
Kent Reliance - Tim
Family BS - Sharon
Skipton International - Nigel
Friday 8th June
FHL - Russell
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31/05/2018 - Aldermore Later Life Lending Range
Have you seen our new and exclusive Later Life Lending Range with Aldermore?
**We are the only packager in the UK to have access to this product!**
Later Life Lending Range Product Highlights:
- Available to over 55s, up to age 99
- Repayment to 75%, I/O to 60%
- Sale of property accepted
- 5 & 10 Year fixeds available
- All incomes considered
- Rental income used to age 85
- Minimum valuation 60K
- Free legals on remortgages
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24/05/2018 - Pepper Money Reduce BTL Rates
Pepper Money have today refreshed their Buy to Let range so your clients can benefit from even lower rates!
- Reduced rates across most of their range - some by up to 0.60%!
- Rates now starting from 2.95%
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24/05/2018 - Octopus Property Ltd Edition Bridging Product
Octopus Property have recently launched a new Limited Edition Bridging Product range. They have only allocated a certain amount of funds to this product so once its gone its gone!
Product Highlights include:
- Unregulated bridging only, max LTV 70%
- Minimum loan size 3m
- Rate - 0.6% pm
- No ERCs
- 2% Arrangement fee
- 1% Proc fee
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22/05/2018 - Outstanding Contribution 2018 BSLA Awards
We are delighted to advise our very own Vic Jannels received the British Specialist Lending Outstanding Contribution award at the 2018 BSLA event last week!
Vic was truly delighted at the award and thanks everyone for their votes and support.
AToM was also well represented with three runner up finalists in the following categories:
Business Leader Specialist Distribution - Dale Jannels
Innovation Advocate - Neal Jannels
Best Complex Buy to Let Broker - Abbie Gaul
Thanks again to everyone who voted for us!
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21/05/2018 - Aldermore Later Life Lending Range
Have you seen our new and exclusive Later Life Lending Range with Aldermore?
**We are the only packager in the UK to have access to this product!**
Later Life Lending Range Product Highlights:
- Available to over 55s, up to age 99
- Repayment to 75%, I/O to 60%
- Sale of property accepted
- 5 & 10 Year fixeds available
- All incomes considered
- Rental income used to age 85
- Minimum valuation 60K
- Free legals on remortgages
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21/05/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 21st May
FHL - Annette
TML - Laura
Tuesday 22nd May
Kent Reliance - Tim
Landbay - Joella
Shawbrook - Kevin
Thursday 24th May
Kent Reliance - Tim
Together - Laleta
Family BS - Sharon
Harpenden - Graeme
Friday 25th May
FHL - Russell
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17/05/2018 - Kensington 90% LTV Exclusive
Have you seen our 90% LTV Residential Exclusive with Kensington?
Product Highlights:
- Up to 90% LTV
- Rates from 3.89%
- Max loan increased to 1m on 90% LTV range
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgage available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Acceptable Credit History:
- Defaults accepted if older than 24 months
- Satisfied CCJs accepted if older than 24 months
- Unsatisfied CCJs accepted which are registered over 24 months ago (at the underwriters discretion)
- Secured loan arrears accepted if older than 24 months
- Unsecured Credit arrears accepted if accounts now up to date (max status of 2 in last 12 months)
- All communications defaults ignored
- 2 Year Debt Management Plans (DMP) accepted
Please call our sales team with your residential cases and they will be happy to help!
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15/05/2018 - New Limited Edition Standard Plus Range
Have you seen our new and exclusive Limited Edition Standard Plus Range with Foundation Home Loans?
As a specialist lender Foundation Home Loans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Foundation Home Loans have also announced their proc fee has increased to 0.45%.
Product highlights:
- 5 Year fixed rates starting from 3.34%
- ICR assessed on pay rate
- Available up to 75% LTV (exclusive 65% LTV rates through AToM)
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- 500 Cashback on Completion on all products
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14/05/2018 - Aldermore Later Life Lending Range
This morning we are delighted to announce we are partnering with Aldermore for their new and exclusive Later Life Lending Range!
**We are the only packager in the UK who has access to this product!**
Later Life Lending Range Product Highlights:
- Available to over 55s, up to age 99
- Repayment to 75%, I/O to 60%
- Sale of property accepted
- 5 & 10 Year fixeds available
- All incomes considered
- Rental income used to age 85
- Minimum valuation 60K
- Free and legals on remortgages
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10/05/2018 - SFI Awards 2018
We are delighted to have been longlisted for 6 awards at the 2018 Specialist Finance Introducer Awards.
The 2018 SFI Awards will be taking place on the 29th of June in London and we would love to be there!
In order to achieve this, we need your vote please.
Please click here to vote for us:
http://awards.specialistfinanceintroducer.co.uk/categories/
We would really appreciate if you would take 2 minutes to show your support for AToM & OMS in the following categories:
- Best Broker Buy to Let - AToM
- Bridging Distributor of the Year - AToM
- Specialist Finance Broker of the Year - AToM
- Best Newcomer - OMS
- Best Use of Tech - OMS
- Product Innovation - OMS
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09/05/2018 - Octopus Property Ltd Edition Bridging Product
We are delighted to announce Octopus Property have launched a new Limited Edition Bridging Product this week. They have only allocated a certain amount of funds to this product so once its gone its gone!
Product Highlights include:
- Unregulated bridging only, max LTV 70%
- Minimum loan size 3m
- Rate - 0.6% pm
- No ERCs
- 2% Arrangement fee
- 1% Proc fee
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08/05/2018 - Foundation Home Loans BTL Product Withdrawal
Please note Foundation Home Loans will be withdrawing selected Buy to Let products at the end of Wednesday 9th May and will be refreshing remaining BTL products on Thursday 10th May.
To secure a product from the current range please ensure your cases are submitted to full application (with fees paid) before close of business on Wednesday 9th May.
Products that are being withdrawn and not replaced are:
- 3 Year Fixed HMO special
- Portfolio Landlord Only specials
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08/05/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 8th May
Kent Reliance - Tim
Harpenden - Graeme
Landbay - Joella
Wednesday 9th May
Together - Laleta
Thursday 10th May
Kent Reliance - Tim
Family BS - Sharon
Friday 11th May
FHL - Russell
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04/05/2018 - New Limited Edition Standard Plus Range
Have you seen our new and exclusive Limited Edition Standard Plus Range with Foundation Home Loans?
As a specialist lender Foundation Home Loans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Product highlights:
- 5 Year fixed rates starting from 3.34%
- ICR assessed on pay rate
- Available up to 75% LTV (exclusive 65% LTV rates through AToM)
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- 500 Cashback on Completion on all products
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03/05/2018 - Limited Edition Small Loans Size BTL Range
Today we are pleased to announce Precise Mortgages have launched a new Limited Edition Small Loan Size BTL product range.
These products could be ideal for your clients looking for smaller loans of between 25,001K and 55K.
Hurry, these products are available for a limited time only!
Product highlights include:
- Loans from 25,001K - 55K
- Rates from 3.24%
- Up to 80% LTV
- 2 & 5 Year fixed rates available (with 5 year assessment rate calculated on pay rate)
- Available to Individuals & Ltd Companies
- Available on HMOs (up to 8 bedrooms)
- Portfolio limit of up 20 properties (up to a combined total of 10m)
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02/05/2018 - AToMs Top Reasons for Case Delays
At AToM, we want your case to go through as quickly as possible!
But some cases can be delayed due to:
- Documents not being certified at all / or incorrectly
- Undisclosed credit information
- Undisclosed information i.e. family members who will reside in the security
- Income evidence does not match income declared on DIP
- Application form, declarations and DDMs not being completed fully and signed
- Clients DIP expires and has to be re-agreed
- The products can be withdrawn
- Your client can lose the property they wish to purchase
And to help further, our award winning system - AToMTogether can offer you:
- Free Specialist Sourcing
- True TWO WAY Lender Integration!
- Copy applications
- Online information sending
- Up to 4 applicants on 1 case
- 24/7 access
- Document shopping list on applications
- Email & Text updates at key milestones
- 28 Downloadable lender pre-populated application forms
- And so much more!
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30/04/2018 - New & Updated Residential Product Range
We are delighted to announce Foundation Home Loans have launched a new and updated Residential Product Range!
FHLs Residential range is designed for clients who may have experienced a minor blip on their credit rating in the past. They can provide your clients with standard and specialist products:
Product highlights:
- Rates starting from 2.24%
- 2 Year fixed options available
- Up to 85% LTV
- No minimum income
- 100% of benefit income accepted (Working Tax Credit, Child Tax Credit, Child Benefit (children up to 14 years old) Disability Allowance and Parental Leave)
- Minimum age 18 years
- Employed and Self-employed
- Interest Only to 70% LTV
- Non-Standard Property (Flying Freehold, Ex Local Authority Houses & Flats - additional criteria applies)
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30/04/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 30th April
Together - Lorenzo
Precise - Ian
Tuesday 1st May
Kent Reliance - Tim
Wednesday 2nd May
Kent Reliance - Scott
Thursday 3rd May
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Masthaven - Roz
Friday 4th May
FHL - Russell
Vida - Sally
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26/04/2018 - New Limited Edition Standard Plus Range
We are delighted to announce we have launched a new and exclusive Limited Edition Standard Plus Range with Foundation Home Loans!
As a specialist lender Foundation Home Loans are only available through intermediaries, they can offer you a range of competitive specialist mortgage products for your clients with more complex needs.
Product highlights:
- 5 Year fixed rates starting from 3.34%
- ICR assessed on pay rate
- Available up to 75% LTV (exclusive 65% LTV rates through AToM)
- Available on Standard BTLs
- Available to Individuals & Limited Companies
- Available to Portfolio Landlords
- 500 Cashback on Completion on all products
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24/04/2018 - New Exclusive BTL Range
We are delighted to announce we have partnered with The Mortgage Lender as a member of their Exclusive BTL Pilot. As part of the BTL pilot we are able to offer Exclusive products from TML not available when going direct.
BTL Range Highlights:
- Up to 80% LTV available
- Rates starting from just 2.99%
- 5 Year fixed rates starting from just 3.49%
- Available to Individuals & Ltd Companies/LLPS
- Available on Single Lets, HMOs and Multi-Unit Blocks
- 2 Year tracker, 2 year fixed and 5 year fixed rates available
- ICRs from 125% (HMOs/Multi-Units from 140%)
- Minor adverse accepted
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23/04/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 23rd April
TML - Laura
Shawbrook - Kevin
FHL - Annette
Tuesday 24th April
Kent Reliance - Tim
Thursday 26th April
Kent Reliance - Tim
Harpenden - Graeme
Together - Laleta
Friday 27th April
FHL - Russell
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20/04/2018 - New & Exclusive 90% LTV Near Prime Range
Kent Reliances new 90% LTV Near Prime Residential Range is now available via AToM.
This great new product range will help give your clients new opportunities for the support they need for residential loans.
Product Highlights include:
- Rates starting from 3.19%
- Up to 90% LTV (inc First Time Buyers)
- Loans from 100K
- Maximum loan 3m
- 1 Year self employed accepted
- Interest only asset backed from 500K
- No minimum income required for contractors
For more information and to enquire about our other products available please call our sales team today!
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17/04/2018 - Bridging Rates from 0.44%
Secured on a residential investment property where planned refurbishment works do not required planning permission or building regulations, and there is no change to the overall use or nature of the property e.g. internal refurbishment / reconfiguration - redecoration, replacement of bathrooms, kitchens, replacement doors, windows, flooring, non-load bearing reconfiguration;
- Rates from 0.44% per month
- 2% Lender Arrangement Fee
- No exit fees
- Available to UK & EEA nationals*
*Residing in the UK for 36 months UK-registered, non-trading Limited Companies or Limited Liability Partnerships, where the Directors/Members all provide full personal guarantees
To find out more please call our commercial team today!
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16/04/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 16th April
Bluestone - Simon
Together - Lorenzo
Precise - Ian
Tuesday 17th April
Kent Reliance - Tim
Masthaven - John
Thursday 19th April
Kent Reliance - Tim
Magellan - Jacqui
InterBay - Marc
Friday 20th April
Kent Reliance - Tony
Landbay - Joella
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13/04/2018 - Kent Reliance Product Update
Please note Kent Reliance from 17 April 2018, Kent Reliance will be increasing their 75% & 80% LTV 5 year fixed rates for BTL Standard and BTL Specialist products. The new rates will now start from 3.99%.
To secure a product from the current range please ensure your cases are submitted to full application (with fees paid) by 5pm on Monday 16th April.
For more information please call our sales team today!
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12/04/2018 - New & Exclusive 90% LTV Near Prime Range
Kent Reliances new 90% LTV Near Prime Residential Range is now available via AToM.
This great new product range will help give your clients new opportunities for the support they need for residential loans.
Product Highlights include:
- Rates starting from 3.19%
- Up to 90% LTV (inc First Time Buyers)
- Loans from 100K
- Maximum loan 3m
- 1 Year self employed accepted
- Interest only asset backed from 500K
- No minimum income required for contractors
For more information and to enquire about our other products available please call our sales team today!
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09/04/2018 - New Vida ExPat Exclusive Range
Today we are delighted to announce Vida Homeloans new ExPat Exclusive Range is now available via AToM.
Product Highlights include:
- Available to British ExPats worldwide including; Australia, America and Canada
- Loans up to 1m
- Up to 75% LTV (inside the EEA)
- Up to 65% LTV - minimum valuation of 150K (outside the EEA)
- First Time Landlords accepted
- HMOs and MUFBs accepted
- No minimum income
For more information and to enquire about our other products available please call our sales team today!
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09/04/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 9th April
Foundation - Annette
TML - Laura
Tuesday 10th April
Kent Reliance - Tim
Harpenden - Graeme
Thursday 12th April
Kent Reliance - Tim
Together - Laleta
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05/04/2018 - Precise Mortgages Product Withdrawal
Please note Precise Mortgages will be withdrawing selected Buy to Let & Residential Mortgage products on Monday 9th April and will be releasing a refreshed set of products on Tuesday.
To secure a product from the current range please ensure your cases are submitted to full application (with fees paid) before 8pm on Monday 9th April.
For more information please call our sales team today!
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05/04/2018 - New & Exclusive 90% LTV Near Prime Range
Kent Reliances new 90% LTV Near Prime Residential Range is now available via AToM.
This great new product range will help give your clients new opportunities for the support they need for residential loans.
Product Highlights include:
- Rates starting from 3.19%
- Up to 90% LTV (inc First Time Buyers)
- Loans from 100K
- Maximum loan 3m
- 1 Year self employed accepted
- Interest only asset backed from 500K
- No minimum income required for contractors
For more information and to enquire about our other products available please call our sales team today!
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04/04/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Wednesday 4th April
Precise - Ian
Thursday 5th April
Kent Reliance - Tim
Magellan - Jacqui
Friday 6th April
Vida - Sally
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28/03/2018 - Bridging Rates from 0.44%
Secured on a residential investment property where planned refurbishment works do not required planning permission or building regulations, and there is no change to the overall use or nature of the property e.g. internal refurbishment / reconfiguration - redecoration, replacement of bathrooms, kitchens, replacement doors, windows, flooring, non-load bearing reconfiguration;
- Rates from 0.44% per month
- 2% Lender Arrangement Fee
- No exit fees
- Available to UK & EEA nationals*
*Residing in the UK for 36 months UK-registered, non-trading Limited Companies or Limited Liability Partnerships, where the Directors/Members all provide full personal guarantees
To find out more please call our commercial team today!
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27/03/2018 - Precise Mortgages Product Withdrawal
Please note Precise Mortgages are withdrawing their Specialist Residential Prime product range on Wednesday 28th March and will be releasing a refreshed set of products on Thursday.
Please ensure your cases are submitted to full application with fees paid before 8pm tomorrow.
Product to be withdrawn:
- Precise Mortgages Specialist Prime Residential Range
For more information please call our sales team today!
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27/03/2018 - New & Exclusive 90% LTV Near Prime Range
Today we are delighted to announce Kent Reliances new 90% LTV Near Prime Residential Range is now available via AToM.
This great new product range will help give your clients new opportunities for the support they need for residential loans.
Product Highlights include:
- Rates starting from 3.19%
- Up to 90% LTV (inc First Time Buyers)
- Loans from 100K
- Maximum loan 3m
- 1 Year self employed accepted
- Interest only asset backed from 500K
- No minimum income required for contractors
For more information and to enquire about our other products available please call our sales team today!
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26/03/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 26th March
Foundation - Annette
TML - Laura
Tuesday 27th March
Kent Reliance - Tim
Wednesday 28th March
Kent Reliance - Scott
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23/03/2018 - British Specialist Lending Awards 2018
Please nominate us today in the British Specialist Lending Awards 2018!
If you feel we deserve an award and have provided you with exceptional service over the past year we would be very grateful for your nominations!
Please click the link below to nominate us:
http://www.mortgagesolutions.co.uk/events/british-specialist-lending-awards-2018/nominate/
Neal Jannels - Innovation Advocate
Abbie Gaul - Broker - Complex Buy to Let
Dale Jannels - Business Leader - Specialist Distribution
Vic Jannels - Broker - Bridging
Please note voting closes tonight!
Thank you!
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22/03/2018 - AToMs Case of the Day
One of our clients - a
father and son - were looking to make a residential purchase on a property with
lots of land. However a well known supermarket chain had sprayed old meat over
many years on the surrounding land of this property making it difficult to
place for high street and specialist lenders. The client was declined 6 times before
speaking to the AToM sales team!
Fortunately this is where we could help! We were eventually able to place their
case with a helpful building society on an Interest Only 2.29% 3 Year Discounted
rate with a 1.50%
arrangement fee. This was completed quickly and to the customers relief!
Remember if you have a case you are struggling to place please call the AToM sales
team and see how we can help!
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20/03/2018 - Harpenden New Premier Rate Available!
Our NEW mortgage rate for Second Homes, Holiday Let, Airbnb and BTL properties is now available.
We will consider:
- Complex income streams
- Employed, self-employed and contractors
- No upper age limit or ERCs are applied
- Repayment and Interest-only rates from 2.94% (2 Year Discount)
- Up to 75% LTV
- Loans up to 2m
- Gifted family deposits considered
Please call our sales team to find out more!
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19/03/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 19th March
Together - Lorenzo
Tuesday 20th March
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 21st March
Kensington - Mark
Masthaven - John
Interbay - Marc
Thursday 22nd March
Harpenden - Graeme
Kent Reliance - Tim
Magellan - Jacqui
Friday 23rd March
Foundation - Andy
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15/03/2018 - New Specialist Prime Residential Range
In addition to this range Precise Mortgages front end Experian search has been enhanced across their entire range of residential products! They will no longer have to carry out further searches at application stage!
This change has been applied with immediate effect on all future applications with Precise Mortgages.
Please call our dedicated sales team today to find out more!
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12/03/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 12th March
Foundation - Annette
TML - Laura
Sally - Vida
Tuesday 13th March
Kent Reliance - Tim
Landbay - Joella
Harpenden - Graeme
Wednesday 14th March
Axis Bank - Steve
Thursday 16th March
Family BS - Sharon
Together - Laleta
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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07/03/2018 - Kensington Product Range Update
Kensington have recently updated their 90% Prime Residential and HMO & Multi-Unit product ranges.
Please find the product updates below:
90% LTV Complex Prime Residential
- Select rates starting from 3.89%
- Standard rates starting from 4.14%
- Lending in Scotland now available
HMO and Multi-Unit Freehold Blocks BTL
- Rates starting from 3.44%
- Lending in Scotland now available
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06/03/2018 - FHL withdraw BTL products
Please note Foundation are withdrawing their BTL product range at the end of Thursday 8 March and will be releasing a refreshed set of products on Friday.
DIPs for their current range must be received by close of business on Thursday 8 March, then convert to a full mortgage application by close of business on Friday 6 April.
Products to be withdrawn:
- All First Time Landlord 2 & 5 year fixed rates that have a B#1995 Arrangement Fee
- All Standard 2 year fixed rates that have a B#1995 Arrangement Fee
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06/03/2018 - Kensington Launch Product Range in Scotland
We are delighted to announce Kensington have launched their product range in Scotland!
With a limited choice of
mortgages on the market for customers in Scotland, we believe Kensingtons
expansion will be able to provide borrowers (with a complex income) a solution
that recognises their real life circumstances.
Product highlights:
- Rates from 2.84%
- Up to 85% LTV (90% LTV via Ltd Distribution)
- Select range for adverse registered 36+ months ago
- Bonus/overtime taken into consideration in affordability statements
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06/03/2018 - Secure Trust Bank Rate Reductions
Secure Trust Bank has announced rate reductions across a selection of its residential mortgage products.
This includes reducing its two year fixed rates by as much as 0.4 per cent, its three year fixed rates by 0.2 per cent, and its five year fixed rates by up to 0.3 per cent.
Rates now start from 2.39 per cent and coincide with the launch of a suite of new residential interest-only and part and part mortgage products at Secure Trust Bank. From 6th March 2018, brokers will have access to Secure Trust Banks new interest-only proposition, which allows borrowers to take out mortgages up to a maximum loan-to-value (LTV) of 65 per cent.
Brokers will also have access to Secure Trust Banks part and part mortgage product, available at up to 85 per cent LTV. Customers can borrow up to 65 per cent on interest-only, and top up 20 per cent on a repayment basis to take overall lending to 85 per cent LTV.
Secure Trust Bank targets customers who are often overlooked by the high street lenders, including contract workers, the self-employed and those with complex incomes or those who have experienced a credit blip.
For more information please call our sales team today and they will be happy to help!
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05/03/2018 - Pepper Money DMP Range
Pepper Money have recently launched a new Residential DMP range. This is a great new range suitable for your clients who are currently in a Debt Management Plan.
Product highlights:
- Rates from 3.78%
- 2 Year Fixed rates available
- Up to 85% LTV available
- DMP must have been active and satisfactorily conducted for 12 months min
- Max 3 CCJs or Defaults in 24 months, max 2 in months 13 - 18 (0 in 12 months)
- Max 2 missed mortgage payments in 24 months, max 1 in months 13 - 18 (0 in 12 months)
- Interest Only available up to 60% LTV
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05/03/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 5th March
Together - Lorenzo
Tuesday 6th March
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 7th March
InterBay - Marc
Foundation - Annette
Thursday 8th March
Family BS - Sharon
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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02/03/2018 - Magellan Packager Exclusive
Fee assisted products with no rate loadings!
Key Product Features include:
Purchases only:
No Valuation Fee payable up to 600 (for property purchase price of 500,000) and 450 cashback on completion
Re-mortgages only:
No Valuation Fee payable up to 600 (for property value of 500,000) & Free Standard Legals
Product Highlights include:
- Adverse considered
- Rates from 2.99%
- Up to 85% LTV
- Manual assessments
- No ERCs
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01/03/2018 - Weather Conditions
Due to the current adverse weather conditions, we will be
closing our offices at 4:30pm today.
You can still call us on the mainline number 01403 272625, leave a message
and we will get back to you as soon as possible. Alternatively, you can email
us at service@atomltd.co.uk and we will respond.
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28/02/2018 - Foundation Home Loans BTL Range
Have you seen Foundation Home Loans BTL Range?
FHLs 2 & 5 year fixed BTL products can help with your landlord customers via AToM.
Product Highlights include:
- 2 Year fixed rates starting from 2.99%
- 5 Year fixed rates starting from 3.29%
- Up to 80% LTV
- 1m Maximum loan (up to 65% LTV)
- 500K Maximum loan (up to 80% LTV)
- No minimum income required
- Unlimited property portfolio with other lenders
- First Time landlord products available (must have owned a property in the past)
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26/02/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 26th February
Foundation - Annette
TML - Laura
Tuesday 27th February
Kent Reliance - Tim
Landbay - Joella
Wednesday 28th February
Axis Bank - Steve
Thursday 1st March
Family BS - Sharon
Together - Laleta
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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21/02/2018 - Masthaven Bridging Plus Range
Masthavens new Bridging Plus Mortgage range is now available via AToM.
This great new product range builds on their existing Prime and Standard bridging products and is designed for loans over 750K with very competitive rates.
Product Highlights:
- Minimum loan 750K
- Rates from 0.48% (50% LTV)
- Maximum 70% LTV
- Available to standard regulated and non regulated bridging (no self builds/development finance)
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20/02/2018 - 90% LTV for First Time Buyers available
We believe first time buyers should not have a hard time purchasing their own home!
In addition to government
initiatives, like the Help to Buy scheme, the recent abolition of stamp duty on
purchases of up to 300K has given first-time buyers another opportunity to
get onto the property ladder.
AToM can lend up to 90% LTV to help your clients get their foot in the door. We
can consider: self-employed, contractors and those with historic credit issues
or a low credit score.
Product Highlights:
- Rates from 2.69%
- Up to 85% LTV (90% LTV via Limited Distribution)
- Bonuses/Overtime taken into consideration in affordability assessments
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19/02/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 19th February
Bluestone - Reece
Together - Lorenzo
Tuesday 20th February
Kent Reliance - Tim
Precise - Gareth
Wednesday 21st February
Precise - Ian
InterBay - Ian
Masthaven - John and Roz
Thursday 22nd February
Family BS - Sharon
Kent Reliance - Tim
Harpenden - Graeme
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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16/02/2018 - AToM Joins Shawbrook as strategic broker partner
AToM are delighted to announce we have become the latest strategic broker partner with Shawbrook Bank.
Vic Jannels, AToM Chairman commented:
We have worked with Shawbrook for a number of years and engendered a strong relationship, beneficial to both parties. AToM has a team dedicated to the Bridging and Commercial sector and our volumes have increased substantially with Shawbrook recently. They demonstrate a can-do attitude and we find that we can work together to structure the best deal for the client.
AToM is therefore delighted to become a Shawbrook Strategic Partner and we look forward to increasing our volumes and business relationship over the coming months.
For more information regarding this exciting new partnership please click here.
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16/02/2018 - Masthaven Bridging Plus Range
We are delighted to
announce Masthavens new Bridging Plus Mortgage range is now available via
AToM.
This great new product range builds on their existing Prime and Standard
bridging products and is designed for loans over 750K with very competitive
rates.
Product Highlights:
- Minimum loan 750K
- Rates from 0.48% (50% LTV)
- Maximum 70% LTV
- Available to standard regulated and non regulated bridging (no self builds/development finance)
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15/02/2018 - Tipton High Income Multiples Product Withdrawal
Please note Tipton & Coseley Building Society have withdrawn their High Income products (HXD09 & RHXD09) due to high levels of demand for this quarter.
Tipton can still accept approved DIPs and will look to release a second funding stream later this year.
Remember Tipton can still consider large size properties (no specific acreage limit), Shared ownership (with light adverse) and BTL refurbs.
If you have any queries or would like to find out more information please call our sales team today!
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13/02/2018 - New Specialist Prime Residential Range
In addition to this range Precise Mortgages front end Experian search has been enhanced across their entire range of residential products! They will no longer have to carry out further searches at application stage!
This change has been applied with immediate effect on all future applications with Precise Mortgages.
Please call our dedicated sales team today to find out more!
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12/02/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 12th February
Foundation - Annette
Tuesday 13th February
Harpenden - Graeme
Landbay - Joella
Wednesday 14th February
Kensington - Alex
Axis Bank - Steve
Thursday 15th February
Family BS - Sharon
Together - Laleta
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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09/02/2018 - Harpenden New Premier Rate Available!
Our NEW mortgage rate for Second Homes, Holiday Let, Airbnb and BTL properties is now available.
We will consider:
- Complex income streams
- Employed, self-employed and contractors
- No upper age limit or ERCs are applied
- Repayment and Interest-only rates from 2.94% (2 Year Discount)
- Up to 75% LTV
- Loans up to B#2m
- Gifted family deposits considered
Please call our sales team to find out more!
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08/02/2018 - A new month...a new build!
Enable your clients with complex circumstances to buy the new build they deserve!
A new build property is the desire of many customers, but not everyone
can tick all the boxes with high-street lenders, with their one-size-fits-all approach.
If your client is: self-employed, a contractor, first time buyer or has a
failed credit score, we may be able to help them and they may be pleasantly
surprised to find out how much they can borrow.
We will individually assess each case through an experienced underwriter, to
find a way of saying yes.
Product highlights:
- Rates from 2.89%
- Up to 85% LTV
- 180-day offer period*
- We can accept a builders deposit of up to 5%**
*Extensions may be granted on purchase applications subject to reassessment of the client, income (where applicable), re-inspection of the property (where applicable) and new product.
**Where the builder holds an acceptable New Build warranty.
Please call our dedicated sales team today to find out more!
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06/02/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 6th February
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 7th February
Kensington - Alex
Dudley - Jenny
Thursday 8th February
Family BS - Sharon
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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02/02/2018 - Foundation Home Loans HMO & MUB Range
Have you seen Foundation Home Loans HMO & MUB Range?
FHLs 2 & 5 year fixed BTL products can help with your customers HMO & MUB cases, via AToM.
Product Highlights include:
- Rates starting from 3.19%
- 2 & 5 Year fixed options available
- Up to 75% LTV
- HMOs up to 8 bedrooms
- MUFBs (Multi-Unit Freehold Blocks) up to 10 units
- 500K Maximum loan
- 75K minimum property value
- Available to individuals and limited companies
- Rental assessed on same calculation as standard BTL
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01/02/2018 - Magellan Packager Exclusive
Fee assisted products with no rate loadings!
Key Product Features include:
Purchases only:
No Valuation Fee payable up to 600 (for property purchase price of 500,000)
and 450 cashback on completion
Re-mortgages only:
No Valuation Fee payable up to 600 (for property value of 500,000) & Free
Standard Legals
Product Highlights
include:
- Adverse considered
- Rates from 2.99%
- Up to 85% LTV
- Manual assessments
- No ERCs
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31/01/2018 - Kensington 90% LTV Exclusive
Have you seen our 90% LTV Residential Exclusive with Kensington?
Product Highlights:
- Up to 90% LTV
- NEW Rates from 3.74%
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgage available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Acceptable Credit History:
- Defaults accepted if older than 24 months
- Satisfied CCJs accepted if older than 24 months
- Unsatisfied CCJs accepted which are registered over 24 months ago (at the underwriters discretion)
- Secured loan arrears accepted if older than 24 months
- Unsecured Credit arrears accepted if accounts now up to date (max status of 2 in last 12 months)
- All communications defaults ignored
- 2 Year Debt Management Plans (DMP) accepted
Please call our sales team with your residential cases and they will be happy to help!
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30/01/2018 - New Specialist Prime Residential Range
In addition to this range Precise Mortgages front end Experian search has been enhanced across their entire range of residential products! They will no longer have to carry out further searches at application stage!
This change has been applied with immediate effect on all future applications with Precise Mortgages.
Please call our dedicated sales team today to find out more!
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29/01/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 29th January
Foundation - Annette
TML - Laura
Tuesday 30th January
Kent Reliance - Tim
Landbay - Joella
Wednesday 31st January
Kensington - Alex
Axis Bank - Steve
Masthaven - Roz
Thursday 1st February
Family BS - Sharon
Together - Laleta
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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26/01/2018 - AToM Complete Complex 1.8m Developer Exit Loan!
Our client wished to raise finance against 2 remaining flats on a newly
completed development, to repay VC partners within the Ltd Company. The Ltd
company ownership was restructured upon completion of the deal, with the loan
secured against the Freehold of the property.
We requested a 1.8m loan against the 2.85m value of the property, which Octane agreed
on a rate of 0.79%.
Octane proceeded to application swiftly and were ready to fund within 9 days of
application - right before Christmas! The client delayed completion until the
New Year, while tax advice was finalised.
Remember
as well as developer exit loans, we can also assist with any bridging,
commercial and semi-commercial term loan enquiries you may have!
Please call our dedicated team today and they will be happy to help!
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23/01/2018 - New Specialist Prime Residential Range
In addition to this range Precise Mortgages front end Experian search has been enhanced across their entire range of residential products! They will no longer have to carry out further searches at application stage!
This change has been applied with immediate effect on all future applications with Precise Mortgages.
Please call our dedicated sales team today to find out more!
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22/01/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 22nd January
Bluestone - Reece
Together - Lorenzo
Tuesday 23rd January
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 24th January
Kensington - Alex
Thursday 25th January
Family BS - Sharon
Kent Reliance - Tim
Magellan - Jacqui
Together - Laleta
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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18/01/2018 - Tipton Exclusive High Income Multiples
After a great income multiple? Have you tried our Tipton exclusive?
Product highlights:
- Up to 6.0x income multiples
- Rates from 2.64%
- Up to 85% LTV
- Maximum loan 450K
- Free valuations and free legal fees available on remortgages
- Available across England and Wales
Please call our sales team to find out more or to discuss an enquiry!
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15/01/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 15th January
Foundation - Annette
Together - Lorenzo
Tuesday 16th January
Kent Reliance - Tim
Landbay - Joella
TML - Laura
Wednesday 17th January
Kensington - Alex
Axis Bank - Steve
Friday 19th January
Family BS - Sharon
Masthaven - John
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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11/01/2018 - New Specialist Prime Residential Range
Please call our dedicated sales team today to find out more!
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10/01/2018 - Together Product Range Update
Together have recently updated their product range, enhancing a number of their products. These include Consumer BTL, Right to Buy and Shared Ownership.
Consumer BTLs:
- Max loan increased from 500K to 2m (50% LTV)
- Minimum Valuation Criteria removed (on Prime Range)
- Variable rates reduced by 0.50% (Medium & Heavy ranges)
Right to Buy:
- Prime variable rates from 4.85%
- Prime 5 year fixed rates from 5.60%
- Prime max loan increased from 500K to 1m
Shared Ownership:
- Prime variable rates from 5.99%
- Prime 5 year fixed rates from 6.74%
- Light range rates reduced by up to 1%
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08/01/2018 - Precise Mortgages New and Improved Criteria Update
We are pleased to announce Precise Mortgages have doubled their Buy to Let portfolio lending limit from 5m to 10m.
This will apply to portfolios for up to 20 properties.
Also if you already have a portfolio case with Precise Mortgages their assessment will remain valid for 6 months provided the information has not changed. This can be combined with their increased lending limit to make future applications simpler.
Please call our dedicated sales team today to find out more!
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08/01/2018 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 8th Janaury
Bluestone - Reece
Harpenden - Graeme
Tuesday 9th January
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 10th January
Kensington - Alex
Axis Bank - Steve
Thursday 11th January
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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05/01/2018 - Happy New Year!
Wishing you a Happy New Year and a prosperous 2018.
At AToM HQ we are really excited for the year ahead and look forward to working with you all on your specialist and complex cases.
With 2018 bringing a fresh start, we would like to remind you how AToM can help you and your customers:
- Free access to our award winning system AToMTogether
- Access to our onsite lender underwriters
- Access to packager exclusive products from our premier panel
- Specialist commercial, bridging and packaged teams
- Access to limited access lenders
- and much much more...!
If you have a new enquiry or wish to speak to one of our specialist teams please call us today!
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05/01/2018 - BlueZest Exclusive Products
We have recently launched as exclusive partners with BlueZest!
This exciting lender can offer your customers great options with their BTL mortgages.
Product Highlights:
BTL Mortgages
- Rates starting from 3.89%
- Loans up to 85% LTV (London/South East)
- Maximum loan 3m
- Minimum loan 50K
- Companies, Individuals & First Time Landlords considered
- Low ERCs in 1st year only
- Non-Homeowners considered
- Repossessed Properties Considered
Lender Highlights include:
- 12 Unit blocks accepted
- Flats above commercial & out of hours premises considered
- Flats above takeaways & restaurants not accepted
- New build flats up to 80% LTV
- Multi units accepted but not HMOs
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14/12/2017 - Landbay Packager Exclusive
Do you have a hard to place BTL case?
Check out our packager exclusive product with Landbay! They have some great products available including 5 year fixed BTLs from 3.59%.
BTL Product Highlights:
- Rates from 3.45% (2 Year Fixed) & 3.59% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 125% of 3.59%
HMO Product Highlights:
- Rates from 3.68% (2 Year Fixed) & 3.85% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 130% of 3.85%
Please call if you wish to discuss an enquiry regarding this product range with our sales team!
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11/12/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 11th December
Bluestone - Reece
Tuesday 12th December
Kent Reliance - Tim
Harpenden - Graeme
Shawbrook - Steve
Wednesday 13th December
Masthaven - Roz
Kensington - Alex
Axis Bank - Steve
Thursday 14th December
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Friday 15th December
InterBay - Michael
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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07/12/2017 - Precise Mortgages Income Supported BTL Mortgages
We are delighted to announce Precise Mortgages new Income Supported BTL Mortgage range is now available.
This range is ideal for your landlords with up to 3 mortgaged BTL properties as they will now be able to use their rental income to cover a rental shortfall.
Highlights include:
- Rates from 3.19%
- Up to 80% LTV
- 110% Minimum rental calculation at payrate (income assisted on shortfall)
- Available in England, Scotland and Wales
- Individual BTL landlords only (not in Ltd Co name)
- Available for current homeowners
- Interest only
- Maximum 3 mortgage properties (non portfolio landlord)
Please call our sales team to find out more today!
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06/12/2017 - Precise Mortgages HMO Distributor of The Year 2017
We are delighted to announce we have been awarded HMO Distributor of the Year 2017 by Precise Mortgages!
At an awards ceremony held at the fantastic Weston Park Stately Home in the Midlands, AToM was confirmed as the best HMO Distributor in 2017 from specialist lender Precise Mortgages.
MD, Dale Jannels commented "This was a great surprise. Thank you to all of our broker partners and their continued support throughout the year. This is also superb recognition for the hard working and highly knowledgeable staff we have at AToM and specifically those who specialist in the Buy to Let sector. Well done team!".
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04/12/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 4th December
TML - Laura
Foundation - Annette
Together - Lorenzo
Tuesday 5th December
Kent Reliance - Tim
Landbay - Joella
Wednesday 6th December
Kensington - Alex
Thursday 7th December
Kent Reliance - Tim
Family BS - Sharon
Precise Mortgages - Gareth
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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30/11/2017 - Precise Mortgages Limited Edition BTLs
We are delighted to announce Precise Mortgages new Limited Edition 5 Year Fixed BTL product.
This product comes with a rate of 3.19% which calculates on payrate for loans of 300K and above.
Please note the rate is only secured when you submit the application in full with fees paid.
Highlights include:
- 3.19% calculated at payrate
- Fees can be added over and above the LTV even at 75%
- Available to Ltd Companies and Individual BTLs
- No owner occupiers accepted
- Max age 80 at application - 35 year terms available
- Bank statements not required
- 12 months self employed accepted
- Maximum loan 3m
Please call our sales team today for more information regarding these great new products!
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29/11/2017 - Precise Mortgages BTL Product Withdrawal
Please note Precise Mortgages Limited Edition 5 Year Fixed BTL
product will be withdrawn from 8pm tonight.
Please submit any cases in full by 3pm TODAY with fees paid to qualify
for this product!
This range comes with a rate of 3.09% which calculates on payrate
for loans of 300k and above.
Highlights include:
- 3.09% calculated at payrate
- Fee can be added over and above the LTV even at 75%
- Available to Ltd Companies and Individual BTLs
- No owner occupiers accepted
- Max age 80 at application - 35 year terms available
- Bank statements not required
- 12 months self employed accepted
- Maximum loan 3m
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28/11/2017 - Harpenden Limited Edition Autumn Promotion
Harpenden will soon be closing their Limited Edition Autumn Promotion range from the 30th November!
There is still time to submit your applications and to be considered on the current rates before their promotion closes this week.
Product Highlights:
- Repayment Rates from from 1.29%
- Interest Only Rates from 2.29%
- Available on Residential, Guarantor, Later Life Lending, Self-Employed, Contractors and Professional Mortgages
- No ERCs on all products
Call our sales team today and they will be happy to help with these great products!
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27/11/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 27th November
Bluestone - Reece
Tuesday 28th November
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 29th November
Precise Mortgages - Liza
Kensington - Alex
Axis Bank - Steve
Thursday 30th November
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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17/11/2017 - Precise Mortgages Limited Edition BTLs
We are delighted to announce Precise Mortgages new Limited Edition 5 Year Fixed BTL product.
This product comes with a rate of 3.09% which calculates on payrate for loans of 300K and above.
Please note the rate is only secured when you submit the application in full with fees paid.
Highlights include:
- 3.09% calculated at payrate
- Fees can be added over and above the LTV even at 75%
- Available to Ltd Companies and Individual BTLs
- No owner occupiers accepted
- Max age 80 at application - 35 year terms available
- Bank statements not required
- 12 months self employed accepted
- Maximum loan 3m
Please call our sales team today for more information regarding these great new products!
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14/11/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 13th November
Bluestone - Reece
Tuesday 14th November
Kent Reliance - Tim
Harpenden - Graeme
Shawbrook - Steve
Wednesday 15th November
Kensington - Alex
Masthaven - Roz
Thursday 16th November
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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09/11/2017 - Tipton Limited Edition Exclusive Product Range
Have you seen our new and exclusive discounted mortgage products with Tipton?
Discounted mortgage rates from 1.04%!
NEW Product Highlights:
- Rates starting from 1.04%!
- Up to 75% LTV
- Free standard valuation on all products
- Free legals on remortgages
- Arrangement fee free products available
- Minimum valuation of 75K
- Loans up to 450K
- Available for purchases and remortgages
Please call our sales team to find out more today!
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08/11/2017 - Secure Trust available via AToM
Have you seen we have recently partnered with Secure Trust as one of their specialist distribution partners?
We are delighted to be offering their newly launched 1st Charge Residential Mortgage range.
This exciting lender is one of the UKs best capitalised banks and they have a genuine desire to help your residential customers underserved by the high street.
NEW Lender Highlights include:
- 2 Year fixed rates starting from 2.69%
- 3 Year fixed rates starting from 3.09%
- 5 Year fixed rates starting from 3.39%
- Up to 85% LTV
- Free valuation & free standard legals on all Remortgages (up to a property value of 350,000)
- Fixed 999 product fee on all applications
- No minimum income required
- No minimum period of employment considered
- Applicants in probationary period considered
- Up to 100% income considered for agency workers (with a good track record)
- 100% Gifted equity considered
Acceptable Credit History:
- Up to 2 CCJs accepted in 24 months (0 in 12 months)
- Up to 2 Defaults accepted in 24 months, telecoms & mail order defaults ignored (0 in 12 months)
- Up to 1 secured arrear accepted in 24 months (0 in 12 months)
- Up to 2 unsecured arrears accepted in 24 months (1 in 12 months)
- DMPs (Debt Management Plans) accepted if satisfied over 12 months ago
- Bankruptcies and IVA accepted if discharged over 36 months ago
Please call our sales team today for more information regarding these great new products!
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07/11/2017 - Over 55s Product Range
Have you seen our Over 55s Product Range with Shawbrook Bank?
We are a limited distribution partner for their 55+ Interest Only mortgage range!
The product offers a new solution to borrowers aged 55 or over nearing the end of their existing interest-only arrangement, with an outstanding balance.
Through this partnership Shawbrook and AToM will be further improving the finance options available to those approaching or past retirement age.
NEW Product Highlights:
- Up to 60% LTV
- Minimum age 55, maximum age 85
- Rates from 4.75%
- Min loan size 25k, Max 1m
- Min income 16,500
- Min Valuation 185k
- Employed, Self Emp, Pension Income accepted
- Available in England, Wales and mainland Scotland
- 0.75% Proc Fee
Please call our sales team today if you have any queries and they will be happy to help!
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03/11/2017 - New InterBay Commercial Expat Product Range
We are delighted to announce that InterBay Commercial have recently launched their new Expat product range!
This exciting new range will cover Commercial, Semi-Commercial, HMO properties and Buy to Let products.
NEW Product Range includes:
Product highlights:
- No regional restrictions - properties throughout England and Wales accepted
- No property restrictions - Commercial, Semi-commercial and HMO properties accepted, in addition to Buy to Let
- Simple and consistent pricing - 0.25% added to standard BTL and HMO products, with 0.5% added to standard Commercial products
- Limited Company lending now available
- Lending to ExPat residents in Australia where the property is held in a UK Limited Company
If you have any enquiries please do not hesitate to call Michael Mann on 01403 272625 (Option 4) and he will be happy to help!
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02/11/2017 - Mortgage Introducer Awards - Please Vote for AToM!
Please vote for us!
Voting closes this Friday (3/11/2017).
Please click here to vote!
We are delighted that AToM have been nominated in a couple of categories at the 2018 Mortgage Introducer Awards.
This prestigious awards ceremony will be held at the Tower of London on the 22nd November acknowledging the success, achievements and hard work we have made over the last year.
After a 10 year absence this really is the jewel in the crown of the UK mortgage industry!
We would be honoured if you would vote for us and this would be really appreciated by everyone at AToM!
We have been nominated in the following categories:
- Mortgage Introducer of the Year
- Innovator of the Year
Thank you for your support!
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30/10/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 30th October
Bluestone - Reece
Together - Lorenzo
Tuesday 31st October
Together - Laleta
Shawbrook - Steve
Wednesday 1st November
Kensington - Alex
Thursday 2nd November
Family BS - Sharon
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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27/10/2017 - The Mortgage Lender Premier Exclusive Range
For more information please call the sales team today regarding these great new exclusives!
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25/10/2017 - Harpenden Limited Edition Autumn Promotion
Harpenden will soon be closing their Limited Edition Autumn Promotion range from the 31st October!
Theres still time to submit you applications and to be considered on the current rates before their promotion closes next week.
Product Highlights:
- Repayment Rates from from 1.29%
- Interest Only Rates from 2.29%
- Available on Residential, Guarantor, Later Life Lending, Self-Employed, Contractors and Professional Mortgages
- No ERCs on all products
Call our sales team today and they will be happy to help with these great products!
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23/10/2017 - BlueZest Exclusive Lender Launch
We are delighted to announce we have launched a new 85% LTV BTL product exclusively via new lender BlueZest!
This exclusive product is available to all of our DA and some Network partners and is only the second product at this LTV in the BTL market.
BTL rates start from 3.69% at 60% LTV, with loans available up to 2m, and available up to 500K at 85% LTV with interest rates between 5.25 - 5.35%. The lender will also consider Companies, Individuals and First Time Landlords. The product also has a minimum term of 12 months and no ERCs thereafter.
These products are part of a broader range that allow landlords and developers to do refurbishments, conversions and new builds with funds advanced upfront, secured on non-development property that they already own. These mortgage products are available for periods up to 18 months with competitive rates between 8 and 12%, without the need for bridging finance.
For more information on this new product range or to discuss an enquiry please call our sales team today!
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17/10/2017 - Secure Trust available via AToM
Have you seen we have recently partnered with Secure Trust as one of their specialist distribution partners?
We are delighted to be offering their newly launched 1st Charge Residential Mortgage range.
This exciting lender is one of the UKs best capitalised banks and they have a genuine desire to help your residential customers underserved by the high street.
NEW Lender Highlights include:
- 2 Year fixed rates starting from 2.69%
- 3 Year fixed rates starting from 3.09%
- 5 Year fixed rates starting from 3.39%
- Up to 85% LTV
- Free valuation & free standard legals on all Remortgages (up to a property value of 350,000)
- Fixed 999 product fee on all applications
- No minimum income required
- No minimum period of employment considered
- Applicants in probationary period considered
- Up to 100% income considered for agency workers (with a good track record)
- 100% Gifted equity considered
Acceptable Credit History:
- Up to 2 CCJs accepted in 24 months (0 in 12 months)
- Up to 2 Defaults accepted in 24 months, telecoms & mail order defaults ignored (0 in 12 months)
- Up to 1 secured arrear accepted in 24 months (0 in 12 months)
- Up to 2 unsecured arrears accepted in 24 months (1 in 12 months)
- DMPs (Debt Management Plans) accepted if satisfied over 12 months ago
- Bankruptcies and IVA accepted if discharged over 36 months ago
Please call our sales team today for more information regarding these great new products!
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16/10/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 17th October
Kent Reliance - Tim
Precise - Gareth
Shawbrook
Wednesday 18th October
Kensington - Alex
Thursday 19th October
Kent Reliance - Tim
Family BS - Sharon
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry with our onsite lenders!
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10/10/2017 - Harpenden Limited Edition Remortgages
Have you seen our Limited Edition Remortgage range with Harpenden?
Hurry, products being withdrawn 31st October!
Product Highlights:
- Repayment rates from 1.29% (3 Year Discount) & Interest Only rates from 2.29% (3 Year Discount)
- Up to 75% LTV
- Loans up to 3.5m
- No Early Repayment Charges (ERCs)
- No upper age limits
- Clients coming to the end of the mortgage term considered - who wish to remain in their home for additional years
- Home improvements considered - either the security or another property owned by the borrower
- Gifted family deposits considered
- Purchase of properties abroad considered
Please contact our sales team today if you have any enquiry for this product range!
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09/10/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Monday 9th October
Family BS - Sharon
Together - Lorenzo
Tuesday 10th October
Kent Reliance - Tim
Harpenden - Graeme
Wednesday 11th October
Kensington - Alex
Thursday 12th October
Kent Reliance - Tim
Friday 13th October
Foundation - Annette
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06/10/2017 - Kensington 90% LTV Exclusive
Have you seen our 90% LTV Residential Exclusive with Kensington?
Product Highlights:
- Up to 90% LTV
- NEW Rates from 3.54%
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgage available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Acceptable Credit History:
- Defaults accepted if older than 24 months
- Satisfied CCJs accepted if older than 24 months
- Unsatisfied CCJs accepted which are registered over 24 months ago (at the underwriters discretion)
- Secured loan arrears accepted if older than 24 months
- Unsecured Credit arrears accepted if accounts now up to date (max status of 2 in last 12 months)
- All communications defaults ignored
- 2 Year Debt Management Plans (DMP) accepted
Please call our sales team with your residential cases and they will be happy to help!
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03/10/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Onsite this week, we have:
Tuesday 3rd October
Kent Reliance - Tim
Wednesday 4th October
Kensington - Alex
Together - Laleta
Thursday 5th October
Kent Reliance - Tim
Magellan - Jacqui
Please call our sales team to find out more or to discuss a new enquiry!
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27/09/2017 - Mortgage Strategy Awards 2018
Voting closes today at 5.30pm!
We are delighted that AToM have been nominated 5 times at the 2018 Mortgage Strategy Awards 2018.
These are known as the oscars of the mortgage industry and this prestigious ceremony acknowledges the success, achievements and hard work we have made over the last year.
We were delighted to be winners of the Best Broker for Short-Term Lending/Bridging in 2017 and would love to repeat this in 2018!
We would be honoured if you would vote for us and this would be really appreciated by everyone at AToM!
We have been nominated in the following categories:
- Best Mortgage Brokers
- Best Technology Provider
- Best Broker for BTL
- Best Specialist Broker/Distributor
- Best Broker for Short-Term Lending
Thank you for your support!
Please click here to vote.
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27/09/2017 - Secure Trust Lender Launch
AToM are delighted to announce we have partnered with Secure Trust as one of their specialist distribution partners for their newly launched 1st Charge Residential Mortgage range!
This exciting lender is one of the UKs best capitalised banks and they have a genuine desire to help your residential customers underserved by the high street.
NEW Lender Highlights include:
- 2 Year fixed rates starting from 2.69%
- 3 Year fixed rates starting from 3.09%
- 5 Year fixed rates starting from 3.39%
- Up to 85% LTV
- Free valuation & free standard legals on all Remortgages (up to a property value of B#350,000)
- Fixed 999 product fee on all applications
- No minimum income required
- No minimum period of employment considered
- Applicants in probationary period considered
- Up to 100% income considered for agency workers (with a good track record)
- 100% Gifted equity considered
Acceptable Credit History:
- Up to 2 CCJs accepted in 24 months (0 in 12 months)
- Up to 2 Defaults accepted in 24 months, telecoms & mail order defaults ignored (0 in 12 months)
- Up to 1 secured arrear accepted in 24 months (0 in 12 months)
- Up to 2 unsecured arrears accepted in 24 months (1 in 12 months)
- DMPs (Debt Management Plans) accepted if satisfied over 12 months ago
- Bankruptcies and IVA accepted if discharged over 36 months ago
Please call our sales team today for more information regarding these great new products!
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25/09/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Monday 25th September
Together - Lorenzo
Foundation - Annette
Tuesday 26th September
Kent Reliance - Tim
Wednesday 27th September
Precise Mortgages - Liza
Kensington - Alex
Thursday 28th September
Kent Reliance - Tim
Friday 29th September
Graeme - Harpenden
Please call our sales team to find out more or to discuss a new enquiry!
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22/09/2017 - Kensington 90% LTV Exclusive
Have you seen our 90% LTV Residential Exclusive with Kensington?
Product Highlights include:
- Up to 90% LTV
- NEW Rates from 3.54%
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgage available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Acceptable Credit History:
- Defaults accepted if older than 24 months
- Satisfied CCJs accepted if older than 24 months
- Unsatisfied CCJs accepted which are registered over 24 months ago (at the underwriters discretion)
- Secured loan arrears accepted if older than 24 months
- Unsecured Credit arrears accepted if accounts now up to date (max status of 2 in last 12 months)
- All communications Defaults ignored
- 2 Year Debt Management Plans (DMP) accepted
Please call our sales team with your residential cases and they will be happy to help!
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20/09/2017 - Foundation Home Loans Increase Max Loan Amount
Foundation Home Loans have increased their maximum loan size to 1m across their Buy to Let range. This will apply to their Standard, Specialist and First Time Landlord products.
Where the LTV is 65% or less, landlords can obtain a mortgage up to 1m.
For loans up to 75% LTV and HMOs or Multi Unit Blocks, the maximum loan remains at 500K.
To find out more regarding this product update please call our sales team and they will be happy to help!
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19/09/2017 - Masthaven Market Leading Bridging Rates
Have you seen our market leading bridging range with Masthaven?
Masthavens bridging and development finance offering comprises residential and commercial products, provided on both a regulated and non-regulated basis.
Product range includes:
Residential
- First Charge Bridging Loans
- Second Charge Bridging Loans
- Renovation and Refurbishment Bridging Loans
- Development Loans (1st charge only)
Commercial
- First and Second Charge Bridging Loans
Highlights include:
- Market leading rates from 0.48%!
- Heavy and light refurbishment accepted
- Limited and overseas registered companies considered
- HMOs accepted as security
- Adverse accepted across the product range
- Loans from 500K
- Loans up to 5m
- Up to 70% LTV
- No exit fees or ERCs
- Available on properties across England, Wales and Scotland
Please speak to the AToM team to find out more and they will be happy to help!
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18/09/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Monday 18th September
Magellan - Jacqui
Wednesday 20th September
Kensington - Alex
Thursday 21st September
Kent Reliance - Tim
Please call our sales team to find out more or to discuss a new enquiry!
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13/09/2017 - Tipton Limited Edition Exclusive Product Range
Have you seen our new and exclusive discounted mortgage products with Tipton?
Discounted mortgage rates from 1.04%!
NEW Product Highlights:
- Rates starting from 1.04%!
- Up to 75% LTV
- Free standard valuation on all products
- Free legals on remortgages
- Arrangement fee free products available
- Minimum valuation of 75K
- Loans up to 450K
- Available for purchases and remortgages
Please call our sales team to find out more today!
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11/09/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Monday 11th September
Together - Lorenzo
Tuesday 12 September
Kent Reliance - Tim
Harpenden - Graeme
Wednesday 13th September
Kensington - Alex
Thursday 14th September
Kent Reliance - Tim
Masthaven - Roz
Please call our sales team to find out more or to discuss a new enquiry!
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04/09/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders:
Tuesday 05th September
Kent Reliance - Tim
Shawbrook - Steve
Wednesday 06th September
Kensington - Alex
Magellan - Jacqui
Thursday 07th September
Kent Reliance - Tim
Family BS - Sharon
Precise - Gareth
Please call our sales team to find out more or to discuss a new enquiry!
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30/08/2017 - Foundation Home Loans BTL Exclusive
Limited Edition rate, ends tomorrow!
Have you seen our exclusive BTL Product Range with Foundation Home Loans?
NEW Product Range includes:
- Rates starting from 2.99%
- Loans up to 65% LTV
- No minimum income
- No credit scoring
- Limited Company BTLs considered
- Rental calculations from 125% (limited company) and 145% (if in personal name) of 2.99%
- being withdrawn 31st August, act fast!
Please call our sales team today for more information regarding this great product!
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29/08/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Tuesday 29th August
Kent Reliance - Tim
Wednesday 30th August
Kensington - Alex
Thursday 31st August
Kent Reliance - Tim
Please call our sales team to find out more or to discuss an enquiry!
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25/08/2017 - Foundation Home Loans BTL Exclusive
Have you seen our new and exclusive BTL Product Range with Foundation Home Loans?
Only 4 working days left on the Limited Edition rate!
NEW Product Range includes:
- Rates starting from 2.99%
- Loans up to 65% LTV
- No minimum income
- No credit scoring
- Limited Company BTLs considered
- Rental calculations from 125% (limited company) and 145% (if in personal name) of 2.99%
- Limited tranche available
Please call our sales team today if you have any enquiries and they will be happy to help!
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21/08/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Tuesday 22nd August
Kent Reliance - Tim
Thursday 24th August
Family BS - Sharon
Kent Reliance - Tim
Magellan - Jacqui
Please call our sales team to find out more or to discuss an enquiry!
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21/08/2017 - AToM System Maintenance
Please be aware we will be undergoing system maintenance from 5pm onwards today. We apologise for any disruption caused but this should be for only half an hour.
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18/08/2017 - AToM Together System Problems
Due to a recent update we are currently experiencing difficulties with our online DIP forms. If you experience any issues please contact our IT department, we apologise for any inconvenience caused.
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18/08/2017 - Tipton Limited Edition Exclusive Product Range
Have you seen our new new and exclusive discounted mortgage products with Tipton?
Discounted mortgage rates from 1.04%!
NEW Product Highlights include:
- Rates starting from 1.04%!
- Up to 75% LTV
- Free standard valuation on all products
- Free legals on remortgages
- Arrangement fee free products available
- Minimum valuation of 75K
- Loans up to 450K
- Available for purchases and remortgages
Please call our sales team to find out more today!
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17/08/2017 - Masthaven Market Leading Bridging Rates
Did you know..?
...we have a market leading bridging range with Masthaven?
Masthavens bridging and development finance offering comprises residential and commercial products, provided on both a regulated and non-regulated basis.
Product Range includes:
Residential
- First Charge Bridging Loans
- Second Charge Bridging Loans
- Renovation and Refurbishment Bridging Loans
- Development Loans (1st charge only)
Commercial
- First and Second Charge Bridging Loans
Highlights include:
- Heavy and light refurbishment accepted
- Limited and overseas registered companies considered
- HMOs accepted as security
- Adverse accepted across the product range
- Loans from 500K
- Loans up to 5m
- Up to 70% LTV
- No exit fees or ERCs
- Available on properties in England, Wales and Scotland
Please speak to the AToM team to find out more and they will be happy to help!
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15/08/2017 - Trading Business Applications Accepted
AToM are delighted to announce that we have been approved to submit applications to Shawbrook for Trading Business enquiries.
Product Highlights include:
- Rates from 4.90%
- Up to 75% LTV
- 3, 4, 5, 7 & 10 year fixed periods available
- 150K Minimum loan
- Available for leisure, retail and industrial units
Please call our sale team to find out more and they will be happy to help with your enquiries!
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14/08/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our lenders below:
Monday 14th August
Family BS - Sharon
Together - Lorenzo & Laleta
Wednesday 16th August
Masthaven - Roz
Kensington - Alex
Thursday 17th August
Foundation - Annette
Barclays - Paul
Call our sales team to find out more or to discuss an enquiry!
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11/08/2017 - Foundation Home Loans BTL Exclusive
Have you seen our new and exclusive BTL Product Range with Foundation Home Loans?
NEW Product Range includes:
- Rates starting from 2.99%
- Loans up to 65% LTV
- No minimum income
- No credit scoring
- Limited Company BTLs considered
- Rental calculations from 125% (limited company) and 145% (if in personal name) of 2.99%!
- Limited tranche available
Please call our sales team today if you have any enquiries and they will be happy to help!
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09/08/2017 - BTL Products for First Time Buyers
Did you know..?
...Precise Mortgages now offer BTL mortgages to first time buyers wanting to invest in the property market?
Product Highlights include:
- Rates from 3.19%
- Up to 75% LTV
- Less than perfect credit profiles accepted
- 50K Minimum loan
- No minimum income required
To find out more please call our sales team today!
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09/08/2017 - Precise Mortgages BTL Product Withdrawal
Precise Mortgages will be withdrawing selected products from their BTL range tonight in preparation for the new BTL product range which is due to be released on 11/08/2017.
To ensure you secure a product from the current range please submit your application in full before 8pm this evening.
Please call our sales team to find out more and they will be happy to help.
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08/08/2017 - New HMO Product Launch
Foundation Home Loans launch HMO and Multi Unit products.
We are delighted to announce FHL have released a new BTL range with 2 & 5 year fixed rate products to help with your customers HMO and MUB cases, via AToM.
Product Highlights include:
- NEW Rates from 3.19%!
- Up to 75% LTV
- HMOs up to 8 bedrooms
- Freehold MUBs accepted up to 10 flats/units
- 500K Maximum loan
- 75K Minimum loan
- Available for limited companies
Please call our sales team if you have any queries regarding this great new product range!
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08/08/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Tuesday 08th August
Kent Reliance - Paul
Harpenden - Graeme
Shawbrook - Steve
Wednesday 09th August
Kensington - Alex
Together - Laleta
Skipton International - Nigel
Thursday 10th August
Kent Reliance - Paul
Family BS - Sharon
Magellan - Jacqui
Call our sales team to find out more or to discuss an enquiry!
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04/08/2017 - AToM Complete 1.7m Bridging Loan in 9 Days
The broker approached AToM after their client had exchanged contracts on a property paying over a large non-refundable deposit assuming she could complete in time. The client had placed her unencumbered 2.8m property on the market but not had any firm offers.
Working closely with the broker and United Trust Bank, we managed to obtain the offer and completed just ahead of the deadline.
For more information or to discuss an enquiry please call our sales team today!
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01/08/2017 - Foundation Home Loans BTL Exclusive
AToM are delighted to announce the launch of Foundation Home Loans new exclusive BTL Product Range!
NEW Product Range includes:
- Rates starting from 2.99%
- Loans up to 65% LTV
- No minimum income
- No credit scoring
- Limited company BTLs considered
- Rental calculations from 125% (limited company) and 145% (if in personal name) of 2.99%!
- Limited tranche available
Please call our sales team today for more information regarding this great new product!
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31/07/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Monday 31st July
Family BS - Sharon
Together - Lorenzo
Tipton - Richard
Tuesday 1st August
Precise Mortgages - Liza
Kent Reliance - Paul
Wednesday 2nd August
Kensington - Alex
Thursday 3rd August
Paul - Kent Reliance
Call our sales team to find out more or to discuss an enquiry!
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28/07/2017 - Precise Mortgages Adverse BTL Exclusive
Have you seen Precise Mortgages new BTL exclusive for your customers with adverse credit?
This new product range has 5 year fixed rates starting from 4.39% with only 3 years of ERCs!
This product range is available for individuals and Limited Companies and is a great alternative for landlords with less than perfect credit profiles.
Please contact our sales team to find out more or to discuss a new enquiry!
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26/07/2017 - AToM launch over 55s
Shawbrook Bank has partnered with AToM to provide a packaging service for its 55 Plus Interest-Only Mortgage.
The product offers a new solution to borrowers aged 55 or over nearing the end of their existing interest-only arrangement, with an outstanding balance.
Through this partnership Shawbrook will be further improving the finance options available to those approaching or past retirement age.
Please see the Shawbrook Lender Page to find out more and to download the criteria sheets.
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26/07/2017 - Saffron withdraw
Saffron have given notice that they will be withdrawing their popular 2.77% 5 Year fixed rate BTL product on Friday.
Key timings - AToM must have sent over a DIP to the lender by Midday on Thursday 27th July.
- AToM must submit a full mortgage application by midday on Friday 28th July.
Please ensure AToM receive items at least two hours before the above deadlines.
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25/07/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Tuesday 25th July
Kent Reliance - Paul
Shawbrook - Steve
Wednesday 26th July
Kensington - Alex
Together - Laleta
Thursday 27th July
Family BS - Sharon
Harpenden - Graeme
Magellan - Jacqui
Kent Reliance - Paul
Call our sales team to find out more or to discuss an enquiry!
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17/07/2017 - Marsden withdraw 95%
With effect from 14/7/17, Marsden BS have withdrawn their 95% range of products.
Anything before this time will be honoured if case sent to them from AToM before 21st July 2017.
Please speak to the AToM team to find out more.
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14/07/2017 - Magellan Packager Exclusive
Have you seen our packager exclusive with Magellan Homeloans? This is a great product range featuring fees assisted products with no rate loadings.
The new product range offers rates starting from 2.96%, no valuation fees payable up to 600 (for property purchase price up to 500K) and 450 cashback on completion.
Alternatively for your remortgage cases the product range offers no valuation fee payable up to 600 (for property value of 500K) and free standard legals.
Product highlights include:
- Adverse considered
- Rates from 2.96%
- Up to 85% LTV
- Manual assessments
- No ERCs
If you have any queries or wish to discuss a new enquiry, please call our sales team today and they will be happy to help!
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11/07/2017 - New InterBay Commercial Bridging Finance Range
We are delighted to announce we have launched a new and limited access Bridging Finance range with InterBay Commercial!
This exciting new range will cover Residential Investments, Heavy Refurbishments and Commercial / Semi Commercial products.
NEW Product Range includes:
Standard Bridging
including Auction Purchase, Developer Exit, Light/Medium Refurb;
- Rates from 0.44% pm up to 55% LTV
- Rates from 0.54% pm up to 65% LTV
- LTVs up to 75% for just 0.64%!
Heavy Refurbishment Bridging
including Heavy Refurb;
- Rates from 0.54% pm up to 55% LTV
- Rates from 0.64% pm up to 65% LTV
- Rates from 0.74% pm up to 70% LTV
Commercial / Semi Commercial
including Auction Purchase;
- Rates from 0.75% pm up to 55% LTV
- Rates from 0.85% pm up to 65% LTV
- Rates from 0.90% pm up to 70% LTV
Product Highlights:
- Lender arrangement fee 2% - no exit fee
- Minimum loan size 100K
- Maximum loan size 5m
- Terms up to 18 months
- Non-regulated only
Remember this is LIMITED ACCESS and only a select few have access.
To find out more regarding this great new product range please call our sales team and they will be happy to help!
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10/07/2017 - AToM Onsite Lenders
Did you know..?
...as part of the great service we provide to you and your customers we have access to various onsite lenders each week to help with your cases?
Take a look at our onsite lenders below:
Tuesday 11th July
Harpenden - Graeme
Shawbrook - Steve
Axis Bank - Andy
Wednesday 12th July
Kensington - Alex
Together - Laleta
Thursday 13th July
Family BS - Sharon
Magellan - Jacqui
Call our sales team to find out more or to discuss an enquiry!
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07/07/2017 - Foundation Home Loans BTL Exclusive
Did you know we have a 5 Year Fixed BTL Exclusive with Foundation Home Loans?
Our new exclusive product range has 5 year fixed rates starting from 3.45% and limited company rental calculations from 125% of 3.45%!
There is no minimum income with this product and minimum loans start from 200K.
For more information on this great product please call our sales team and they will be happy to help!
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05/07/2017 - Masthaven Residential Product Launch
Today we are delighted to announce we have launched Masthavens new Residential Product Range!
This exciting new range will be flexible, simple and not reliant on credit scoring to help more of your customers achieve the right mortgage.
NEW Product Highlights include:
- Loans up to 1m
- Loans up to 80% LTV
- 35 Year terms
- Up to 60% LTV on Interest-Only/Part and Part
- No credit scoring
- Rates starting from 2.94%
- Available up to age 85 at end of term
- Self employed retained profit and projections considered
- Unlimited gifted deposit for first time buyers accepted
- Impaired credit considered
- Contractors and employed with short history accepted
- Available on properties in England, Wales and Scotland
Please call our sales team to find out more or to discuss this great new product range!
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04/07/2017 - AToM Onsite Lenders
Complex case? Try Family Building Society or any of the lenders onsite at AToM this week
Tuesday
Kent Reliance - Paul
Axis Bank - Andy
Wednesday
Foundation - Sarah
Thursday
Kent Reliance - Paul
Family BS - Sharon
Friday
Kensington - Alex
Call our sales team to find out more or to discuss an enquiry!
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30/06/2017 - Precise Launch Adverse BTL Exclusive
Today we are delighted to announce we have recently launched a new BTL exclusive for your customers with adverse credit.
The new product range has 5 year fixed rates starting from 4.39% with only 3 years of ERCs!
This product range is available for individuals and Limited Companies and is a great alternative for landlords with less than perfect credit profiles.
Please contact our sales team to find out more or to discuss an enquiry regarding this new product!
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29/06/2017 - Magellan Update Lending Criteria
Have you seen the new and updated lending criteria from Magellan?
Take a look at their updated range below:
- Maximum loan sizes up to 750,000k available for Complex Prime borrowers
- One years self employed trading accounts can now be considered
- Policy has been extended to allow for up to 2 Arrears as well as CCJs and Defaults in the last 12 months
- 2 CCJs/Defaults up to 1,500k now permitted
- Up to 100% shift allowance can now be considered
- Min valuation reduced to 70k
- DTI increased to 40% where household income is >35k
- Employed borrowers can now be assessed using only the latest payslip
- Adverse now allowed in the last 12 months
T&Cs Apply
To find out more regarding this new criteria update please call our sales team who will be happy to help!
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28/06/2017 - Kensington Launch H2B
Kensington is to support the Governments Help to Buy Equity loan scheme. It aims to hep both First Time Buyers and Home Movers who have deposits of at least 5% to buy a new build home.
- Help to Buy equity loans available in England and Wales
- Rates from3.64%
- 2, 3, and 5 year fixed rates
- Mortgages available with just a 5% deposit
- No interest payable on the equity loan in first 5 years.
- Open to first time buys or home movers on a repayment basis, buying a new build property.
Please contact the AToM sales team for further information
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26/06/2017 - Pepper make changes
At the close of business on Tuesday 27th June, Pepper will be refreshing some of their Residential Range of Products.
If you would like to secure one of the rates from the current range, you will need to have received an accepted DIP by close of business - they will honour all of these after this date.
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20/06/2017 - AToM Onsite Lenders
Tricky case? Try Pepper or any of the lenders onsite this week at AToM
Monday
Together - Lorenzo
Tuesday
Kent Reliance - Paul
Axis Bank - Andy
Wednesday
Foundation - Sarah
Thursday
Kent Reliance - Paul
Family BS - Sharon
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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16/06/2017 - Foundation Home Loans BTL Exclusive
Today we are delighted to announce our latest 5 Year Fixed BTL Exclusive with Foundation Home Loans!
The new exclusive product range has 5 year fixed rates starting from 3.45% and limited company rental calculations from 125% of 3.45%!
There is no minimum income with this product and minimum loans start from 200k.
For more information on this great product please call our sales team and they will be happy to help.
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15/06/2017 - Family Building Society BTL Offset Mortgage
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Have you seen the Family Building Societys BTL Offset Mortgage?
This new product works in a similar way to a standard mortgage but a savings account is attached to the mortgage payment! This means any money placed in your clients savings account is automatically deducted from the amount of the mortgage on which interest is charged.
Product highlights include:
- Interest rates from 2.99%
- Offset savings up to 100% of the mortgage amount
- Customers can reduce their monthly mortgage repayments
- Customers savings can be used for early mortgage repayments
- Up to 65% LTV
- Interest only/capital/repayment options available
- Up to 4 saver accounts can be linked to the mortgages
If you would like to find out more please call our sales team today and they will be happy to help!
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15/06/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on applications that were submitted fully packaged from 6th June 2017 and DiPs from 14th June 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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14/06/2017 - Landbay Packager Exclusive
Do you have a hard to place BTL case?
Check out our new packager exclusive product launch with Landbay! They have some great new products available including 5 year fixed BTLs from 3.45%.
NEW BTL Product Highlights:
- Rates from 3.29% (2 Year Fixed) & 3.45% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 125% of 3.45%
NEW HMO Product Highlights:
- Rates from 3.59% (2 Year Fixed) & 3.75% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 130% of 3.75%
Please call if you wish to discuss an enquiry regarding these new products with our sales team!
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13/06/2017 - Harpenden Limited Edition Remortgages
Is your client after a remortgage? Take a look at our latest promotion below and see how we can help.
NEW Product Highlights:
- Rates from 1.99%
- Up to 75% LTV
- Loans up to 3.5m
- No Early Repayment Charges (ERCs)
- No upper age limits
- Equity release considered
- Clients coming to the end of the mortgage term considered - who wish to remain in their home for additional years
- Home improvements considered - either the security or another property owned by the borrower
- Gifted family deposits considered
- Purchase of properties abroad considered
Please call our sales team today to discuss this limited edition product!
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12/06/2017 - AToM Onsite Lenders
Complex case? Try Tipton (6x income) or any of the lenders onsite this week at AToM
Tuesday
Kent Reliance - Paul
Harpenden - Graeme
Shawbrook - Steve
Andy - Axis Bank
Wednesday
Together - Laleta
Thursday
Kent Reliance - Paul
Magellan - Jacqui
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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09/06/2017 - Residential Cashback Exclusive
Have you seen our residential cashback exclusive?
This product offers your customers 1% cashback upon completion after 3 years!
This is for purchase only mortgages and is available on loans up to 500K with rates starting from 3.99%.
For more information on this great offer please contact our sales team and they will be happy to help.
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08/06/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on applications that were submitted fully packaged from 24th April 2017 and DiPs from 7th June 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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06/06/2017 - Kent Reliance ExPat Mortgages
Struggling with an ExPat BTL? Speak to AToM and see how we can help!
We have great ExPat products available through Kent Reliance to help with your enquiry.
Product highlights:
- Rates from 4.24%
- Up to 75% LTV
- Loans up to 3m
- Most countries available
- 25K minimum income (non-standard mortgage)
- 50K minimum income (standard mortgage)
If you have any queries or wish to discuss a new enquiry, please call our sales team and they will be happy to help!
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05/06/2017 - AToM Onsite Lenders
Tricky case? Try Family Building Society or any of the other lenders onsite at AToM this week
Monday
Family BS - Sharon
Together - Lorenzo
Tuesday
Kent Reliance - Paul
Foundation - Sarah
Wednesday
Bucks - Julie
Thursday
Kent Reliance - Paul
Magellan - Jacqui
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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01/06/2017 - Together BTL Exclusive
Have you seen our BTL exclusive with Together? This range is perfect for customers with high levels of adverse!
NEW Product Highlights include:
- Rates from 6.89%
- Up to 75% LTV
- Loans up to 1m available
- No minimum income required
- Up to 4 arrears accepted in the last 12 months on secured loans
- Up to 4 defaults accepted in the last 12 months
Please call our sales team today to discuss this great exclusive product!
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30/05/2017 - AToM Onsite Lenders
Complex case? Try Pepper or any of the lenders onsite this week at AToM
Wednesday
Together - Laleta
Thursday
Magellan - Jacqui
Family BS - Sharon
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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25/05/2017 - Bluestone Mortgages Product Update
Bluestone Mortgages have released an updated product range with improved criteria to help more of your customers get an affordable mortgage!
There are new 2 & 5 year fixed rates products available, up to 85% LTV on Residential products and the Bankruptcy/IVA range is back in stock!
Updated product range:
- Bankruptcy/IVA now available
- Up to 4 Defaults and 3 CCJs in 3 years
- Available to employed/self employed/contractors
- Available on BTLs (adverse same as Residential)
- Up to 4 applicants on 1 application
- Up to 85% LTV on Resi / 80% LTV on BTL
Please call our sales team to find out more or to discuss an enquiry!
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24/05/2017 - Landbay Packager Exclusive
Today we are delighted to announce our new packager exclusive product launch with Landbay! There are some great new products including 5 year fixed BTLs from 3.45%!
NEW BTL Product highlights:
- Rates from 3.29% (2 Year Fixed) & 3.45% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 125% of 3.45%
NEW HMO Product highlights:
- Rates from 3.59% (2 Year Fixed) & 3.75% (5 Year Fixed)
- Up to 75% LTV
- Rental calculated at 130% of 3.75%
Lender highlights include:
- 10 Bedroom HMOs accepted
- 50K minimum loan
- 750K maximum loan
- Individuals, SPVs, Trading Names and Partnerships accepted
Please call if you wish to discuss an enquiry regarding these new products with our sales team!
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23/05/2017 - Axis Bank Specialist Products
Have you seen Axis Banks new specialist products? They have added some great new products to their range with Limited Edition 65% LTV products now available!
NEW Specialist Product highlights include:
- 2 Year Fixed rates from 3.38% with 65% LTV!
- 5 Year Fixed rates from 3.68% with 65% LTV!
- HMOs, Student Lets and Limited Companies accepted
- Minimum loan 250K (65% LTV products)
- Maximum loan 1m
Please call our sales team today to discuss these great products!
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22/05/2017 - AToM Onsite Lenders
Complex case? Try Family Building Society or any of the lenders onsite at AToM this week
Monday
Family BS - Sharon
Together - Lorenzo
Tuesday
Axis Bank - Andy
Kent Reliance - Paul
Wednesday
Foundation - Sarah
Thursday
Harpenden - Graeme
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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22/05/2017 - Kensington 90% Exclusive Withdrawal
Kensington are withdrawing there 90% LTV Residential exclusive range for Specialist Distributors on Monday 22nd
May.
If you would like to submit a case on this range, please
login to our portal below and produce a DIP illustration before 3pm on Monday
22nd May.
Full
applications must then be submitted by 5pm on Tuesday 30th May.
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18/05/2017 - Magellan Packager Exclusive
Have you seen our packager exclusive with Magellan Homeloans? This is a great product range featuring fees assisted products with no rate loadings.
Key Product features include:
- Purchases only - No valuation fee payable up to B#600 (for property purchase price of 500K) and 450 Cash Back on completion.
- Remortgages only - No valuation fee payable up to 600 (for property value of 500K) & Free Standard Legals
The above options apply to the No ERC Tracker rates, 2 & 3 year fixed rates for our M1 to M4 products under the Complex Prime Range.
Product highlights include:
- Adverse considered
- Rates from 2.99%
- Up to 85% LTV
- Manual assessments
- No ERC
Please call our sales team to find out more or to discuss an enquiry!
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18/05/2017 - Tipton Exclusive High Income Multiples
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After a great income multiple? Have you tried our Tipton exclusive?
Product highlights:
- Up to 6.0x income multiples
- Rates from 2.69%
- Up to 85% LTV
- Maximum loan 450K
- Free legals on some remortgages (standard legal work only)
Please call our sales team to find out more or to discuss an enquiry!
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16/05/2017 - Pepper Limited Edition BTLs
Please note as of close of business, Tuesday 16th May, Pepper Homeloans will no longer be accepting applications on their 2.98% 5 Year Fixed BTL products.
We will need to DIP by 5pm today to secure these rates.
Please call our sales team if you have any queries and they will be happy to help!
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16/05/2017 - Axis Bank Specialist Products
Have you seen Axis Banks new specialist BTL products? They have made some great new updates to their range with 65% LTV products now available!
NEW Specialist Product highlights include:
- 2 Year Fixed rates from 3.38% with 65% LTV!
- 5 Year Fixed rates from 3.68% with 65% LTV!
- HMOs, Student Lets and Limited Companies accepted
- Minimum loan 250K (65% LTV products)
- Maximum loan 1m
Please call our sales team today to discuss these new products!
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16/05/2017 - Bridging Rates from 0.59%
Bridging enquiry? We have rates from 0.59% via Shawbrook!
Lender highlights include:
- Regulated & non-regulated bridging lender rates starting from 0.59%
- Light & Heavy refurbishment rates starting from 0.69% & 0.79%
- Commercial & Semi-Commercial rates from 4.10%
- Residential investment, HMO & multi-unit freehold from 2.99%
- Available to Individuals, LLPs, UK Ltd Companies & British ExPats
Please call our sales team today if you would like to find out more and they will be happy to help!
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15/05/2017 - AToM Onsite Lenders
Tricky case? Try Together or any of the lenders onsite this week at AToM
Monday
Tipton - Richard
Tuesday
Shawbrook - Steve
Kent Reliance - Paul
Wednesday
Together - Laleta
Thursday
Magellan - Jacqui
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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12/05/2017 - Pepper Limited Edition BTLs
Have you seen Peppers new Limited Edition 5 Year Fixed BTLs?
NEW Product Highlights:
- Rates starting from 2.98%!
- Up to 75% LTV
- Minimum loan size 25,001
- Free legals for remortgages
- Rental calculation 140% of 2.98%
Please contact our sales team to find out more!
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11/05/2017 - Precise Mortgages BTL Product Withdrawal
Please note as of close of business, Thursday 11th May, Precise Mortgages will no longer be accepting applications on their 2.99% 5 Year Fixed BTL products.
We need to submit FULL APPLICATIONS by 5pm tomorrow, so will need on the AToM systems by 3pm.
Alternatively, if you are DA, you can choose AToM as your submission route on Precises website and submit by 8pm tomorrow.
The 3.39% and 3.49% 5 Year Fixed Limited Edition products will remain in the range!
If you have any queries please do not hesitate to contact our sales team and they will be happy to help!
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09/05/2017 - Outside the Box Lending with Harpenden
Are you after outside the box lending? Try Harpenden Building Society today and see how they can help with your complex cases!
Lender highlights include:
- Up to 75% LTV
- Manual underwriting
- Rates from 2.74%
- Complex cases considered
- Self builds considered
- Guarantors considered
- Multiple transactions considered
If you would like to discuss their products please call our sales team today and they will be happy to help!
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08/05/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 7th March 2017 and DiPs from 5th May 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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08/05/2017 - AToM Onsite Lenders
Complex case? Try Axis Bank or any of the lenders onsite this week at AToM
Monday
Together - Lorenzo
Kent Reliance - Paul
Family BS - Sharon
Tuesday
Harpenden - Graeme
Thursday
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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04/05/2017 - 2.99% 5 Year Fixed BTLs
Have you seen our 2.99% 5 Year Fixed BTL product? Hurry this is for a limited time only!
Product highlights include:
- Rates from 2.99%!
- Minimum loan 350K
- Maximum loan size 3m (LTV limits apply)
- Affordability based on pay rate
- Available to both Core and Limited Company
Please note the 2% arrangement fee on this product is available until 5pm today!
This will be increasing to 3% tomorrow.
If you would like to find out more please call our sales team and they will be happy to help!
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03/05/2017 - Magellan Packager Exclusive
Highlights include:
- Purchases Only - No valuation fee payable up to 600 (for property purchase price of 500K) and 450 Cash Back on completion.
- Re-Mortgages Only - No valuation fee payable up to 600 (for property value of 500K) & Free Standard Legals
The above options apply to the No ERC Tracker rates, 2 & 3 year fixed rates for our M1 to M4 products under the Complex Prime Range.
Call our sales team today to discuss an enquiry if you have any queries!
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03/05/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 3rd March 2017 and DiPs from 2nd May 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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02/05/2017 - AToM Onsite Lenders
Tricky case? Try Shawbrook or any of the other lenders onsite at AToM this week
AToM Lender Diary 01/05/2017
Tuesday
Shawbrook - Steve
Wednesday
Bucks - Julie
Precise - Liza
Thursday
Magellan - Jacqui
Kent Reliance - Paul
Friday
Kensington - Paul
Please call our sales team to discuss an enquiry or to find out more!
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27/04/2017 - Kensington Reduce Residential Rates
As of Thursday 27th March Kensington will be reducing the rates on their Residential products. These will help to give your customers with complex needs an even better choice of fixed rate loans for purchase or remortgage!
NEW Product Highlights include:
Residential 90% LTV Exclusive
- Rates from 3.84% (2 Year Fixed)
- Rates from 4.29% (3 Year Fixed)
Residential 75-85% LTV Exclusive
- Rates from 2.69% (2 Year Fixed)
Residential Second Home Exclusive
- Rates from 2.69% (2 Year Fixed)
- Rates from 3.19% (3 Year Fixed)
If you would like to find out more please call our sales team today and they will be happy to help!
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26/04/2017 - Foundation Home Loans BTL Product Withdrawal
Please note as of close of business, Thursday 27th April, Foundation Home Loans will be withdrawing all BTL products - including the 5 year fixed rate 3.49% exclusive (with rental calculated on pay rate)!
Decisions in Principles, for current products, must be received by the end of Thursday 27th April and converted to full mortgage application by 27th May 2017*.
*Please note we will need to DIP by 5pm to secure these rates. Therefore we will need full AIPS on the AToM Together system by 3pm.
The new and replacement products will be launched on Friday 28th April.
Please call our sales team if you have any queries and they will be happy to help!
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25/04/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 1st March 2017 and DiPs from 20th April 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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25/04/2017 - AToM Onsite Lenders
Complex case? Try any of the lenders onsite at AToM this week
AToM Lender Diary 24/04/2017
Tuesday
Together - Laleta
Kent Reliance - Paul
Wednesday
Lloyds - Gary
Thursday
Harpenden - Graeme
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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21/04/2017 - Foundation Home Loans Residential Product Launch
Have your Residential customers been declined? Today we launch Foundation Home Loans new Residential product. Designed for clients who may have experienced a minor blip on their credit rating in the past, these Standard and Specialist products help to provide more lending options!
New Product range includes:
- Purchase/remortgage options available
- Up to 85% LTV
- Up to 2 satisfied CCJs/Defaults up to the value of 2k within the last 24 months (500 in the case of debt consolidation)
- Maximum of 2 missed secured payments in the last 24 months
- Up to 2 months Unsecured arrears in the last 24 months
- Up to 750K loans available
Please call our sales team to find out more or to discuss an enquiry!
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20/04/2017 - 5 Year Fixed BTL Product Withdrawal
Please note as of close of business, Thursday 20th April, Kent Reliance will no longer be accepting application or AIPs on their 5 Year Standard and Specialist Buy to Let products.
Note we need to DIP by 5pm this evening to secure rates. Therefore we will need full DIPS on the AToM Together system by 3pm this afternoon.
The new and replacement products will be available from 9am on Friday 21st April. These products include:
- 65% LTV - 3.89%
- 75% LTV - 4.09%
- 80% LTV - 4.39%
- 85% LTV - 5.29%
Please call our sales team if you have any queries and they will be happy to help!
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19/04/2017 - 2.99% 5 Year Fixed BTLs
Today we are delighted to announce we have a new 2.99% 5 Year Fixed BTL product available! Be quick this is for a limited time only!
Product highlights include:
- Rates from 2.99%!
- Minimum loan 350K
- Maximum loan size 3m (LTV limits apply)
- Affordability based on pay rate
- Available to both Core and Limited Company
Call our sales team today to discuss an enquiry regarding this great new product!
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18/04/2017 - AToM Onsite Lenders
Complex case? Try Kensington or any of the other lenders onsite at AToM this week!
AToM Lender Diary 18/04/2017
Tuesday
Kent Reliance - Paul
Thursday
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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13/04/2017 - AToM Roadshows
Please note the dates for our AToM Roadshows!
Our roadshows provide you with an opportunity to gain an insight into whats happening within the mortgage market whilst focusing on different mortgage areas. These include residentials, BTLs/HMO/Ltd Co, Lending into Retirement, Adverse, Complex Deals, Bridging, Commercial and much more!
We have booked six location across the UK and will be looking at a morning event (9am-1.30pm) with four lenders at each roadshow.
Locations
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13/04/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 23rd February 2017 and DiPs from 5th March 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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11/04/2017 - Family Building Society BTL Offset Mortgage
Have you seen the Family Building Societys BTL Offset Mortgage?
This new product works in a similar way to a standard mortgage but a savings account is attached to the mortgage payment! This means any money placed in the savings account is automatically deducted from the amount of the mortgage on which interest is charged.
Product highlights include:
- Interest rates from 2.99%
- Offset savings up to 100% of the mortgage amount
- Customers can reduce their monthly mortgage repayments
- Customers savings can be used for early mortgage repayments
- Up to 65% LTV
- Interest only/capital/repayment options available
- Up to 4 saver accounts can be linked to the mortgages
If you would like to find out more please call our sales team today and they will be happy to help!
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11/04/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 23rd February 2017 and DiPs from 28th March 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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10/04/2017 - AToM Onsite Lenders
Tricky case? Try Family Building Society or any of the other lenders onsite at AToM this week!
AToM Lender Diary 10/04/2017
Monday
Together - Laleta
Tuesday
Axis Bank - Andy
Kent Reliance - Paul
Wednesday
Precise - Gareth
Thursday
Precise - Liza
Kent Reliance - Paul
Call our sales team to discuss an enquiry or to find out more!
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07/04/2017 - Magellan Homeloans Credit Score
Would you find it easier to place mortgages for your clients if you did not have to navigate around the numerous credit score cards operated by lenders?
With a manual underwriting approach without any credit scoring at all, the Magellan Homeloans Near Prime and unique Credit Repair products offer you a variety of solutions for clients who are declined by lenders automated credit scoring.
This gives you solutions for clients who:
- Simply have a low credit rating
- Are declined for no other reason than failure to pass a credit score
- Have previous adverse credit that adversely affects their credit profile
- Have not had any form of credit therefore are unable to build their credit score
- Have had numerous jobs and/or addresses in the last 3 years which affects their credit score
If you would like to find out more please call our sales team today and they will be happy to help!
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06/04/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on all applications that were submitted fully packaged from 21st February 2017 and DiPs from 20th March 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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05/04/2017 - Best Broker for Short-Term Lending/Bridging
Today we are delighted to announce we were awarded the Best Broker for Short-Term Lending/Bridging at the Mortgage Strategy Awards 2017.
We are proud to have been awarded Best Broker for Short-Term Lending/Bridging at the Mortgage Strategy Awards 2017. The "Oscars" of the mortgage industry.
Our award confirms the mutual partnership we have with you and we would like to thank you for your support!
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04/04/2017 - Dudley Building Society Application Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on applications that were submitted fully packaged from 17th February 2017 and DIPs from 15th March 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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04/04/2017 - Tipton Exclusive High Income Multiples
After a great income multiple? Have you tried our Tipton exclusive?
Product Highlights
- Up to 6.0x income multiples
- Rates from 2.69%
- Up to 85% LTV
- Maximum loan B#450K
- Free legals on some remortgages (standard legal work only)
Please call our sales team to find out more or to discuss an enquiry!
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03/04/2017 - AToM Onsite Lenders
Tricky case? Try Family Building Society or any of the other lenders onsite at AToM this week!
AToM Lender Diary 03/04/2017
Monday
Family BS - Sharon
Tuesday
Kent Reliance - Paul
Shawbrook - Steve
Wednesday
Bucks - Julie
Thursday
Magellan - Jacqui
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to find out more or to discuss an enquiry!
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23/03/2017 - Dudley BS App Times
Please note the following turnaround times for Dudley Building Society.
Dudley Building Society are currently working on applications that were submitted fully packaged from 14th February 2017 and DIPs from 8th March 2017.
Please contact our sales team if you have any queries and they will be happy to help.
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20/03/2017 - AToM Onsite Lenders
Complex case? Try any of the 10 lenders onsite at AToM this week!
AToM Lender Diary 20/03/2017
Monday
Family BS - Sharon
Together - Lorenzo
Tuesday
Castle Trust - Andrea
Shawbrook - Steve
Kent Reliance - Paul
Wednesday
Precise - Liza
Together - Laleta
Thursday
Kent Reliance - Paul
Magellan - Jacqui
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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16/03/2017 - Tipton Revised Exclusive Product Range
Today Tipton have revised their exclusive product range for their High Income Multiple and BTL Large Portfolio products. Please find the changes below.
High Income Multiple Product (Purchase and Remortgage)
- Interest Rate increased by 0.1% (applied rate now 2.69%)
- Arrangement fee reduced from 0.50% to 0.30%
- Product end date extended by one month to 30 April 2020
BTL Large Portfolio Product
- Rate reduced by 0.10% and end date extended until 30 April 2020 on existing purchase and remortgage product
- TWO NEW 5 Year discounted products with reduced fees and a no ERC option
Please call our sales team to find out more or to discuss an enquiry!
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14/03/2017 - The Family Building Society Product Withdrawal
Please note The Family Building Societys BTL 2.99% 3 Year Fixed Semi Exclusive product is being withdrawn.
We require all DIPs to be submitted to us by 17th March (applications by 27th March), for this product.
Product Highlights:
- Rates from 2.99%
- Up to 65% LTV
- 945 product fee (added up to LTV)
- Refund of valuation on Remortgages
- Free legals on Remortgages
- Available on a repayment or interest only basis
- Manual assessment
If you wish to discuss this product withdrawal or an enquiry please call our sales team and they will be happy to help!
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13/03/2017 - AToM Onsite Lenders
Complex case? 90% LTV? Try Kensington or any of the other lenders onsite at AToM this week!
AToM Lender Diary W/C 13/03/17
Tuesday
Harpenden - Graeme
Kent Reliance - Paul
Wednesday
Precise - Gareth
Thursday
Kent Reliance - Paul
Friday
Kensington - Paul
Call our sales team to discuss an enquiry or to find out more!
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08/03/2017 - Vida Homeloans Residential Range
Find yourself with a tricky residential case? Have you tried the residential range from Vida Homeloans?
Product highlights include:
- Up to 85% LTV available
- Up to 75% LTV available (Interest Only)
- Fixed rates from 3.29% and variable from 2.99%
- Self employed 1 years accounts accepted
- Up to 4 applicants & incomes
- Right to Buy accepted
- Contract workers accepted
- Max loan 1m
- Minimum income 15K
- Impaired Credit considered
If you have any queries regarding this product range or would like to discuss an enquiry please call our sales team today!
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06/03/2017 - AToM Onsite Lenders
Complex case? Speak to our lenders onsite at AToM this week and see how they can help!
AToM Lender Diary W/C 06/03/17
Monday
Family BS - Sharon
Together - Laleta and Lorenzo
Tuesday
Axis Bank - Andy
Shawbrook - Steve
Wednesday
Precise - Gareth
Thursday
Kent Reliance - Paul
Call our sales team to discuss an enquiry or to find out more!
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28/02/2017 - Tipton Exclusive Large Portfolio BTLs
AToM is delighted to announce we have been chosen as one of a limited few to offer an exclusive product for Tiptons Large Portfolio BTL range!
Product highlights include:
- Rates from 2.88%
- Up to 70% LTV
- Maximum loan 350K
- Lender arrangement fee just 999*
- Rates applies where portfolio consists of 4 or more BTL properties at the time of application
- Free valuation and free legals on remortgages
* For purchases and remortgages. 199 booking fee also applies for remortgages.
To find out more please click this link.
Or alternatively call our sales team today!
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24/02/2017 - Buy to Let Product Updates
Today Kent Reliance and Pepper Homeloans have updated their BTL product ranges. Please find highlights of the changes below.
Kent Reliance Specialist BTLs:
- Rates from 2.99%
- No ERCs on discounted variable rates
- Large loan rates available with reduced product fees
- 5 Year Fixed rates reduced
Pepper Homeloans BTLs:
- Up to 80% LTV
- New Limited Edition 2 Year Fixed Rates starting from 3.38%
- 5 Year Fixed Rates now available
To find out more regarding these changes please call our sales team today!
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21/02/2017 - Tipton Exclusive Lender Launch
Today we are delighted to announce we have launched with the Tipton and Coseley Building Society! Please find details below of their exciting new range with 6x income multiples!
Product highlights include:
- Up to 6.0x income multiples
- Rates from 2.59%
- Up to 85% LTV
- Max loan 450K
- Free valuations and free legal fees available on remortgages
- Available across England and Wales
Call our sales team to find out more or to discuss an enquiry!
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16/02/2017 - Precise Mortgages Exclusive BTL
Are you after a very good rental calculation? Have you seen Precise Mortgages new BTL range which now includes a new Limited Edition 5 Year Fixed product?
Product highlights include:
- Rates from 3.39%
- Rental calculations from 125% of 3.39%
- Maximum loan size 2m (LTV Limits apply)
- Affordability based on pay rate
- Available to both core and Limited Company
Please call our sales team to find out more!
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14/02/2017 - Kensington 90% LTV Exclusive Update
Today we are delighted to announce Kensington have updated their 90% LTV Residential Exclusive! The updated range now has rates starting from 4.34%!
Product highlights include:
- Up to 90% LTV
- Rates from 4.34%
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgages available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Please call our sales team to find out more or to discuss an enquiry.
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14/02/2017 - Skipton International ExPat Buy to Lets
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Struggling with an ExPat case? Have you tried Skipton International?
Product highlights include:
- Rates from 2.99% (3 Year Discount) & 5 Year fixed from 4.24%
- Free valuations and free lender legals available
- 100,000 minimum loan
- Loans up to 1.5m
- Up to 75% LTV
To find out more regarding these products please call our sales team and they will be happy to help!
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09/02/2017 - Precise Mortgages BTL Product Update
Today we are delighted to announce Precise Mortgages have updated their BTL range to include a new Limited Edition 5 Year Fixed product!
Product highlights below:
- Rates from 3.39%
- Rental calculations from 125% of 3.39%
- Maximum loan size 2m (LTV Limits apply)
- Affordability based on pay rate
- Available to both Core and Limited Company
Call our sales team to find out more regarding the new range or to discuss an enquiry on 01403 272625.
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02/02/2017 - Foundation Home Loans Rental Calculation Update
Are you after a good rental calculation? Have you seen Foundation Home Loans semi-exclusive rental calculated at 125% of 3.49%?
Product highlights include:
- 5 Year fixed rates from 3.49%
- Up to 75% LTV
- Ltd Company BTLs considered
- No minimum income required
- Directors loan deposit considered
- Rental calculations from 125% (limited company) and
145% (if in personal name) of 3.49%
Call our sales team to find out more regarding this great product and they will be happy to help!
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01/02/2017 - Dudley Building Society Income Criteria Update
Today Dudley Building Society have updated their income criteria to include some new changes!
New Income Criteria highlights include:
- Now accepting income from lodgers
- Now accepting zero hour contracts
- 10% overpayments accepted
- Interest Only mortgages available
- Removal of restriction on the number of children for child minders
Please call our sales team if you wish to discuss these updates or to discuss an enquiry.
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31/01/2017 - Precise Mortgages Onsite Today
Today we have Liza Campion onsite with the sales team!
Please find their product highlights below:
- Customers in a Debt Management Plan considered
- All new BTL products with rates starting from 3.29%
- Residential lifetime trackers from 3.19%
- Up to 85% LTV with adverse considered (First Time Buyers included)
- Self employed with 1 year accounts
- Exclusive HMO Buy to Let up to 80% LTV
- Buy to Let with no minimum income requirements
- Help to Buy products now with 4% cashback
- CCJs and Defaults considered on Residential and BTL
If you have any queries regarding these great products please call our sales team now on 01403 272625.
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27/01/2017 - Kensington 90% LTV Exclusive
Have you seen Kensingtons 90% Residential Exclusive? This is a great product which we are delighted to advertise via AToM!
Product highlights include:
- Up to 90% LTV
- Rates from 4.79%
- Limited credit history accepted
- Underwriter manual assessments
- Self employed mortgages available
- 100% of bonus income considered
- Failed credit score mortgages available
- Available for purchases and remortgages
Please call our sales team to find out more!
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23/01/2017 - Axis Bank Product Update
Today Axis Bank have updated their product range to include their latest new rates!
Please find the updated rates below:
Standard BTLs
- 2 Year fixed rates from 3.38%
- 2 Year fixed pound for pound remortgages from 3.38%
- 3 Year fixed pound for pound remortgages from 3.69%
- 5 Year fixed rates from 3.95%
- 2 Year variable rate 3 month LIBOR + 3.00%
Specialist BTL
- 2 Year fixed rates from 3.58%
- 2 Year fixed pound for pound remortgages from 3.58%
- 3 Year fixed pound for pound remortgages from 3.89%
- 5 Year fixed rates from 4.15%
- 2 Year variable rate 3 month LIBOR + 3.00%
If you have any queries regarding these new products please call our sales team on 01403 272625.
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18/01/2017 - Market Leading Bridging Rates
Today we are delighted to announce we have been appointed to Masthavens Premier Panel!
With immediate effect on all 1st charge (regulated and non-regulated) bridging loans we are offering a market leading rate of 0.49% on all loans under 40% LTV.
We also have reduced rates on all loans in the 40-50% LTV range at 0.54%.
New rates include:*
Up to 40% LTV - 0.49%
40-50% LTV - 0.54%
50-60% LTV - 0.75%
60-70% LTV - 0.85%
*LTVs to include retained interest / lender fees if applicable
If you have any queries regarding these new rates please call our commercial team on 01403 272625 and they will be happy to help.
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17/01/2017 - Axis Bank PRA Changes
Today Axis Bank have updated their product range to help accommodate the latest PRA changes.
New product updates include:
- 125% rental calculation at 5.5% pay rate for basic rate taxpayers.
- Personal income to support any ICR shortfall may be considered (350K+ loans)
- HNW exemptions by exception
- 125% rental calculation at 5% pay rate (like for like remortgages)
If you have any queries regarding these changes please contact our sales team and they will be happy to help.
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13/01/2017 - Foundation Home Loans Rental Calculation Update
Please note with effect from 16th January Foundation Home Loans rental calculation stress test will be changing.
Any DIPs submitted before Monday 16th January will be assessed on the basis of the current calculations and will be unaffected by the change.
Any DIPs submitted on or after 16th January will be assessed on the following criteria:
Individuals:
5 Year fixed rates from 145% of pay rate.
All other products 145% of the higher of: pay rate OR 5.5% notional rate
Limited Companies:
5 Year fixed rates from 125% of pay rate.
All other products 125% of the higher of: pay rate OR 5.5% notional rate
If you have any queries regarding these changes please call our sales team on 01403 272625.
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13/01/2017 - Precise Mortgages Bridging Finance Update
Today Precise Mortgages have updated their Bridging Finance range to include new limited edition reduced rates! We are delighted to announce we have been included on their premier panel for these exclusive rates.
Rates on this range start from 0.54% and 0.64% with a minimum property value of 50K. Please note these rates are per month and are available for Regulated Bridging Finance and Property Investor Finance.
For more information regarding these products please call 01403 272625.
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10/01/2017 - AToM Feedback Survey
We are always looking at ways we can improve our service and offerings to you and your customers.
With this in mind, we would be very grateful if you could give us some feedback on what we do well and areas we could do better!
This includes your thoughts and suggestions on our new CRM system AToM Together and ways which we can improve it to help you further.
Thank you in advance for taking the time to complete the survey and for your valued feedback.
Please click here to take part in our survey:
http://www.smartsurvey.co.uk/s/ZM1L6/
If you have any queries please contact our sales team and they will be happy to help.
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04/01/2017 - Axis Bank Product Update
Today Axis Bank have confirmed they have made changes to their lending policy with immediate effect.
Please find the changes below:
Client Experience:
Applicant 1 must hold at least 3 existing BTL properties, subsequent applicants must hold at least 1 existing BTL property, which they have never lived in. All applicants must have been active within BTL for at least the past 2 years.
MUFB:
The number of units under one freehold has been increased from 5 units to 6 units. Axis Bank will now accept MUFB applications with a maximum of 6 units.
Age of Borrower:
The maximum age for a sole applicant is to remain at 80. In a joint or company application, the youngest applicant must be a maximum of 80 at the end of the loan term. Older applicants, on the same application, can exceed the 80 year maximum subject to underwriter approval.
Maximum number of loans:
The maximum number of loans that may be granted until Axis evidence 6 months satisfactory seasoning is 5 (up to the B#5m maximum exposure limit). After this the Bank will consider up to a maximum of 10 further loans (subject to a maximum exposure limit of 33% of the applicants rental property portfolio).
Lending Area:
Their lending area includes mainland England and selected counties in Wales: Gwent, Mid Glamorgan, South Glamorgan and West Glamorgan. It does not include the Channel Islands, Isle of Wight, Scillly Iles or the Isle of Man.
If you have any queries regarding these changes please call our sales team on 01403 272625 and they will be happy to help.
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03/01/2017 - Happy New Year!
Happy New Year everyone from the AToM team!
We are now back to our normal office hours and look forward to assisting you with your cases!
2016 was a fantastic year for AToM, we really appreciated your business and have enjoyed working with you all over the past 12 months. We have many new initiatives planned for 2017 and look forward to sharing them with you!
Please do not hesitate to call our sales team on 01403 272625 and they will be happy to help you.
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21/12/2016 - Saffron
Please note that from 1st January 2017, Saffron are changing how BTL applications are assessed in line with PRA changes. These changes can be summarised as follows:
REFER Decisions:
From 1st January 2017, all BTL DIP's that are submitted and are not immediately declined, will receive either an automatic ACCEPT decision or a REFER decision.
ALL DIPS (Including ACCEPT decisions) will be manually referred to Saffron's underwriters for assessment. Saffron will confirm within 24 hours if they can consider the case.
BTL Rental Calculation:
- Saffron will be applying the following minimum BTL rental calculation; 140% of pay rate stressed at 2%
There are no changes to the BTL lending criteria.
BTL fully packaged mortgage applications which have been assessed by underwriters by close of business on the 31st December 2016 will be considered on the current affordability assessment requirements.
Please contact the AToM team to find out more, or for assistance.
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21/12/2016 - Kent Reliance BTL Changes
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20/12/2016 - Kensington BTL Changes
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20/12/2016 - Kent Reliance Changes
Kent Reliance are making changes for the new PRA regulations and their approach will be advised shortly.
In the meantime, all AIPs on the current BTL affordability criteria needs to be at AIP Illustration by 5pm Tuesday 20th December.
Packagers have until 12pm Friday 23rd December to submit fully packaged cases.
Please note that AToM will need DIPs by 3pm TODAY to meet deadlines and AToM is closed on Friday 23rd December, so will need to submit all cases by close of business on Thursday 22nd December.
Please contact the AToM team to find out more, or for assistance.
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19/12/2016 - Elite partner to FHL
AToM are delighted to be awarded ELITE status with Lender Foundation Home Loans.
As such, AToM can now offer EXPAT Limited Company Buy to Lets
Applicants must have:
- Credit footprint in UK
- pay UK tax or have declared income for UK tax purposes
- has at least one BTL in UK
- be employed by multi-national employer
- has a UK bank account
- has a UK correspondence address
- provide the last two years SA100 and tax calculations
- has proof of residency in the foreign country.
Acceptable regions for ExPats are:
Europe, USA and Canada, Hong Kong, Singapore, Thailand, Malaysia, Indonesia, South Korea, Japan, United Arab Emirates
Please contact the AToM sales team to discuss an enquiry or to submit a DIP.
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16/12/2016 - Precise Mortgages - New Buy to Let Range
Precise's new BTL product range includes rates starting from 3.29%, and HMO rates starting from 3.39%.
In addition, Precise have also increased the portfolio size with Precise Mortgage to 20, and up to an aggregate value of £5million, whilst still allowing an unlimited portfolio with other lenders.
For more information regarding this new product range, please call our Sales Team on 01403 27 26 25, and they will be happy to help.
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14/12/2016 - PRA Rules Precise Mortgages Update
ALL CURRENT BTL PRODUCTS ARE BEING WITHDRAWN BY 6PM TONIGHT.
To find out more please call our sales team on 01403 272625.
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12/12/2016 - PRA Rules Lender Updates
With effect from 1st January 2017 the new Prudential Regulation Authority (PRA) rules on BTL affordability will come into place.
Please find the pipeline arrangements with our lenders below.
Precise Mortgages
From 15th December, Precise Mortgages will be changing the way they assess their BTL applications.
To ensure you secure an application for a case on their current criteria (rental cover calculated at 125% of the interest only payment of the loan based on the higher of the pay or revert rate) please note the following.
- All Decision in Principles (DIPs) will need to be at DIP accept status by
6pm on 14th December 2016.
- Full applications will need to be at Application submitted status by
6pm on 23rd December 2016.
Any applications after the above dates (new DIP accepts from 15th December) will be on the new PRA rules if they were not previously at DIP accept by 6pm on Wednesday 14th December.
Kent Reliance
From 23rd December, Kent Reliance will be changing the way their BTL applications are assessed.
To ensure you secure an application for a case on their current criteria please note the following.
- All Decision in Principles (DIPs) will need to be at DIP accept status by
5pm on Tuesday 20th December.
- Full applications will need to be at Application submitted status by
12pm on Friday 23rd December.
All new applications submitted from 28th December will be underwritten on their new affordability criteria.
To find out more please call our sales team on 01403 272625 and they will be happy to help.
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06/12/2016 - Octopus Property Onsite Today
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Today we have Chris Holden onsite from Octopus Property!
Octopus Property have a great product range offering a 4.99% pay rate with a 100% rental calculation, short - medium term BTL rates and loans up to 1.5 million!
They will also accept first time buyers, landlords, foreign nationals and expats with adverse accepted and no minimum/proof of income required.
To find out more or to discuss their product range please call us on 01403 272625 to speak to Chris.
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05/12/2016 - 2016 Precise Mortgages Residential Packager Award
Today we are delighted to announce we have received the 2016 Best Residential Packager award from Precise Mortgages!
A big thank you to everyone for all your support this year and we look forward to working with you all again in 2017!
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28/11/2016 - Exclusive BTL and Ltd Company Lifetime Tracker
LIMITED EDITION PRODUCT - AVAILABLE UNTIL TUESDAY 13TH DECEMBER
- 3.69% Lifetime Tracker
- 125% Payrate
- 2995 Flat Arrangement Fee - Fantastic for any loans over 300K
- Up to 1m
- Remortgages ONLY
- Applies to Ltd Company OR traditional BTL
- Max age 80 at application
- Do not need to be current homeowners
*PROCESSING RESTRICTIONS APPLY*
Simplistic underwriting for Traditional & LTD Company BTLs
NO Proof of Income
NO Bank Statements
NO Minimum Income - however must be able to cover rent voids from self declared earned income for approx 3-4 months
75% to 750K
70% to 1m
Call AToM to find out more about this Exclusive product offering on 01403 272625.
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23/11/2016 - Skipton International Application Fees
Today we are pleased to announce Skipton Internationals Application Fees have been reduced from 1,999 to 999!
This will apply to all remortgages received by 30th November.
Please note both the fee and application have to be received by the end of November. The application fee for purchases will remain at 1,999 and the AToM processing fee applies.
For more information please call our sales team today on 01403 272625 and they will be happy to help.
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22/11/2016 - Landbay Launch New Mortgage Products
Today Landbay have launched 3 new products to their mortgage range! These are aimed at professional landlords, specifically those with HMOs and Expats.
They have also changed their lending criteria to require a minimum income of B#25K and B#40K for Expats.
Landbays new mortgage products include rates from 3.88%, up to 75% LTV and no ERCs. This is in addition to rental calculations starting at 125% of 3.88%.
To find out more regarding these new products please call our sales team today on 01403 272625.
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17/11/2016 - Kent Reliance Onsite Today
Today we have our onsite Kent Reliance underwriter with the sales team who will be able to help with any of your queries.
Kent Reliance are a great lender for Specialist BTLs, ExPat BTLs and BTLs for private and professional landlords.
For more information please call our sales team on 01403 272625 and they will be happy to help.
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15/11/2016 - New Kensington BTL Products
Today Kensington have launched their new product ranges for HMOs, MUBs and Second Homes.
These are great new products with their HMO and MUB range offering 2 year fixed rates from 3.39% and up to 75% LTV (MUBs). They will also now accept 6 bedroom HMOs and freehold properties with up to 4 multiple units.
Their second home product range offers 2 year fixed rates from 3.29% and up to 70% LTV. They will accept failed credit scores and a limited credit history on this range too.
For more information regarding these new product ranges please call our sales team on 01403 272625 to find out more.
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14/11/2016 - Vida Homeloans Lender Launch
Today we are delighted to announce we have launched with Vida Homeloans!
Vida Homeloans are a great new lender for your residential and BTL customers offering fixed rates from 3.29% and up to 85% LTV.
They will accept Right to Buys, contract workers, self employed with 1 years accounts and HMOs, Ltd Companies and portfolio landlords.
Vida Homeloans will also consider applicants with impaired credit, rental top ups and up to 4 applicants and incomes.
To find out more regarding our new lender please call our sales team on 01403 272625 and they will be happy to help.
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03/11/2016 - Kensington Product Range Update
Today Kensington have updated their BTL and Residential product range.
They have withdrawn their previous BTL products and these have been replaced with a new refreshed BTL range. Their new range includes rates from 2.79%, up to 80% LTV and max loans of 1.5 million.
Their residential products remain unaffected but they have added additional rates to this range. These include 2 year fixed rates at 3.79% (75% LTV) and 3.89% (80% LTV).
If you have any queries regarding these product updates please call our sales team today on 01403 272625.
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02/11/2016 - Buckinghamshire Building Society Onsite
Today we have Julie from the Buckinghamshire Building Society onsite today!
Buckinghamshire Building Society can deal with unusual properties, offer fixed rates from 3.79% (with no maximum age limit) and can offer repayment and interest only options.
Call the sales team now to find out more on 01403 272625.
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26/10/2016 - Foundation Home Loans Onsite Today
Today we have James Adkin onsite from Foundation Home Loans!
FHL are a great lender for accepting First Time Landlords, Limited Company BTLs and have rates starting from 3.49%!
Have you also seen their new Semi Exclusive rental calculated at 125% of 3.49%? Make sure you enquire about this great new range they have launched recently, we will be happy to help.
To find out more please call our sales team on 01403 272625.
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25/10/2016 - Precise Mortgages Onsite Today
Today we have Liza Campion onsite with the Sales team!
Precise Mortgages are a great lender for Residential and Buy to Let enquiries. They offer up to 85% LTV with adverse considered (first time buyers included) and Buy to Lets with no minimum income requirements.
Be sure to also enquire about their new Right to Buy range and Limited Edition Specialist Buy to Lets!
Please call our sales team who will be happy to help on 01403 272625.
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21/10/2016 - Precise Right to Buy Product Update
Today Precise Mortgages have updated their Right to Buy product range!
Their new product offers customers up to 90% of the discounted purchase price of the property, up to 75% LTV and zero product fees!
To find out more please call our sales team today on 01403 272625.
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18/10/2016 - Pepper Product Withdrawals
Pepper Homeloans to withdraw products from their Buy to Let range on Thursday 20th October!
These withdrawals will be to their 2 & 5 Year Fixed Rates for product codes NP1 and NP2 however there will be no changes to product codes NC3, NC4 and NC5.
If any cases relating to these products have been submitted to us before Thursday, Pepper will honour these as long as they have been provided with an Accepted Decision in Principle.
If you have any queries regarding these changes please call our sales team on 01403 272625.
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12/10/2016 - Octopus Property BTL Launch
Today we are delighted to announce we have Chris Holden onsite from Octopus Property to promote their new BTL range!
This is a great new product offering a 4.99% pay rate with a 100% rental calculation, 2 year terms and loans up to 1.5 million!
(Please note this is a discounted rate and the rate is 6.99% with an option to defer 2% of this and pay at completion).
To find out more or to discuss this innovative new range please call Chris Holden on 01403 272625.
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11/10/2016 - Precise Launch Ltd Edition Specialist BTLs
Today we are delighted to announce Precise Mortgages have launched their new Limited Edition Specialist BTLs range!
This is a fantastic new product which is available for Limited Company/Limited Liability Partnerships, Limited Company HMOs and HMOs. The range has rates from 3.34% and provides up to 75% LTV with a maximum loan amount of 1 million!
To find out more please call our sales team on 01403 272625 and they will be happy to help.
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07/10/2016 - Kensington Residential Update/AToM Carpool Karaoke
Today Kensington have updated their residential product range!
There has been an overhaul of their products with rates lowered on many of their residential mortgages. The premier range now has rates from 2.99%, residential lending rates from 3.29% (a decrease of up to 0.70%) and new build rates from 3.54%!
We have also had many requests recently for our carpool karaoke video to make another appearance. This was a first for the mortgage industry and has certainly proved popular! To view the video please visit our Facebook page and feel free to share it with your friends!
To find out more please call our sales team who will be happy to help on 01403 272625.
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05/10/2016 - Precise Launch Right to Buy Product
Today we are delighted to announce Precise Mortgages have launched their new Right to Buy product range!
This is a great new product for house purchases in England and will offer up to 100% of the discounted purchase price of the property, up to 75% LTV and zero product fees!
To find out more please call our sales team today on 01403 272625.
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30/09/2016 - United Trust Bank Onsite Today
Today we have Rob Love onsite with the commercial team!
Rob will be able to help with any enquiries regarding those tricky bridging cases you are having trouble placing. They are a great lender and offer 1st and 2nd charge lending, funding up to 70% of the open market value, multi drawdown facilities and a competitive pricing structure starting from 0.65%!
Call AToM to find out more or to speak to Rob on 01403 272625.
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29/09/2016 - Borro Onsite Today!
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Today we have Harriet Smith from Borro with the sales team!
Harriet will be able to help with any enquiries regarding their new Bridging Loans product. Highlights of the new product include up to 75% gross LTV (first charge basis) and 65% gross LTV (second charge basis). They also have rates from 0.95% and accept residential and semi commercial securities and adverse credit.
For more information and to speak to Harriet please call the sales team on 01403 272625.
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23/09/2016 - Pepper Onsite Today
Today we have Gordon Rae from Pepper onsite with the sales team!
Pepper are a great lender with residential rates starting from 2.93% and buy to let rates from 3.58%. They also provide fee legals on all remortgages (standard legal work only).
Call the AToM sales team to find out more or to speak to Gordon on 01403 272625.
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21/09/2016 - Pepper Product Range Update
Today Pepper Homeloans have updated their whole product range!
They now offer free legals on all remortgages (standard legal work only), residential rates from 2.93% and buy to let rates from 3.58%!
To find out more call our sales team on 01403 272625.
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20/09/2016 - Pepper Product Withdrawal
On Wednesday 21st September Pepper will be making a number of changes to their product range.
They will be withdrawing their Buy to Let Lifetime Tracker, Buy to Let 2 Year Discounted Tracker and their Residential 3 Year Fixed Rate.
If you submit a case before this Pepper will honour it as long as they have been provided with a Decision in Principle form.
To find out more please call the sales team on 01403 272625.
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19/09/2016 - Axis Bank Product Update
Axis Bank update their minimum loans and lending area!
Their updated products now have a new minimum loan value of 100K and are now available across the whole of England and South Wales (Glamorgan Counties and Gwent).
Coupled with their updated product rates (2 year fixed at 3.69%, 3 year at 3.89% and 5 year fixed at 4.19%) and their 5 year product ranges having no ERCs in years 4 & 5 this is a great new product range!
To find out more please call our sales team today on 01403 272625.
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14/09/2016 - FHL Launch BTL Exclusive!
Foundation Home Loans launch new BTL Prime Plus Exclusive with AToM! This is a superb new product and we are delighted to have been chosen to support this launch.
Highlights of this product include 5 year fixed rates at 3.49%, an exclusive rental calculation of 125% of pay rate (3.49%) for Ltd Company (145% Individual) and up to 75% LTV. 2% fee added and ERCS 5,4,3,2,1%.
To find out more call the sales team today on 01403 272625.
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09/09/2016 - Bucks launch new rates
Buckinghamshire BS have launched a number of new products including:
Contractors - 95% LTV (90% remortgages).
Pay rate x 5 x 48 used.
BTL - No max age, FTL considered, no min time for Expats to return to UK and purchase a property.
All manually assessed.
Please contact the AToM sales team to find out more.
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09/09/2016 - National Counties changes
National Counties BS have launched two new semi exclusives via AToM
- 2.79% 3 Year fixed Residential. Includes refund of valuation fee and legals package (remortgages). Up to 80% LTV.
- 2.99% 3 Year fixed BUY TO LET. 945 arrangement fee.
Both with manual assessment. Remember AToM has a lender ONSITE underwriter from NCBS. Call now!
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09/09/2016 - Kensington 90% LTV Exc
Kensington have lowered their 90% Packager exclusive product.
Rates now start from 4.79% and can be 2, 3 or 5 year fixed.
Products are also available to the Self Employed and those who have failed credit scores.
Underwriter decisions rather than credit score.
Call the AToM sales team to find out more or to discuss an enquiry
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25/08/2016 - Precise Mortgages Onsite Today
Today we have Liza Campion onsite with the Sales team!
Great lender for Residential and Buy to Let enquiries. Up to 85% LTV with adverse considered (First Time Buyers included) and Buy to Lets with no minimum income requirements.
Call the sales team now to discuss an enquiry or to speak to Liza on 01403 272625.
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25/08/2016 - Axis Bank Reduce Specialist BTL Rates
Axis Bank reduce their rates for Specialist BTLs!
The updated range sees 2 year fixed rates at 3.69%, 3 year fixed at 3.89% and 5 year fixed at 4.19%!
The 5 year product range also has no ERCs in years 4 and 5 and only 3% ERCs in the third year.
To find out more about these great new products call our sales team today on 01403 272625.
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16/08/2016 - Precise Limited Company BTL Exclusive
Precise Mortgages launch new Limited Company BTL Exclusive with AToM!
This a great new product and we are delighted to have been chosen to support this launch. Highlights of this product include 5 year fixed rates at 3.89%, only a 1.5% arrangement fee and a 4% reversion rate.
To find out more call our sales team today on 01403 272625.
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15/08/2016 - Skipton Update ExPat Buy to Lets
Skipton International have updated their ExPat Buy to Let portfolio and reduced their UK Standard Variable Rate with effect from the 1st September.
This is a great new product with 3 year discounted rates from 2.99% and 5 year fixed rates from 4.24%! They have also reduced their UK SVR to 4.99% and free valuations are available too.
To find out more call our sales team today on 01403 272625.
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05/08/2016 - 05/08/2016 - Bluestone Mortgages Onsite
Today we have John Smith from Bluestone Mortgages on-site with the sales team.
Bluestone Mortgages accept customers with 4 or more defaults within the last 3 years, 3 or more CCJs within the last 3 years, debt management plans and they do not credit score making them a great alternative for you.
Call the sales team now or to speak to John Smith on 01403 27 26 25.
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03/08/2016 - Bucks & FHL Onsite
We have Julie from the Buckinghamshire Building Society and James from Foundation Home Loans onsite today.
Buckinghamshire Building Society can deal with unusual properties, offer fixed rates from 3.79% (with no maximum age limit) and can offer repayment and interest only options.
FHL are great for First Time Landlords, Ltd Company BTLs and have great rates starting from 3.59%.
Call the sales team now or to speak to Julie/James on 01403 27 26 25.
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01/08/2016 - Stonebridge pick AToM
AToM are delighted to be added to the Stonebridge
Group approved packager panel. Having
undertaken due diligence and an assessment which covered a number of areas,
including partner feedback, lender choice, financial strength and product
access, AToM were selected as one of the new additions to the panel.
Paul Nye, Business Partner Director, Stonebridge commented "we felt that AToM (and the two other additions) were head and shoulders above their competitors and would fit comfortably into the way Stonebridge conducts business."
Dale Jannels, Director, AToM added "Stonebridge are a well respected and long established Network. We look forward to working closely with their members and offering our lender partners products and exclusives in addition to the new AToM online submission, sourcing and CRM system. "
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29/07/2016 - Pepper On-Site Today
Today we have Gordon Rae from Pepper on-site with the Sales Team.
Great lender for rates from 1.98%, up to 85% LTV and clients with previous blips on credit file are accepted.
Call the Sales Team now to discuss any enquiries.
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27/07/2016 - Kensington 90% LTV Exc
Kensington are bringing back their Residential 90% LTV Exclusive.
Product highlights include rates from 4.99%, available for purchases, remortgages and self employed mortgages, limited credit history accepted and 100% of bonus income considered.
Call the Sales Team now to discuss any enquiries.
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26/07/2016 - Marsden On-Site Today
Today we have Charlotte Grimshaw from Marsden Building Society on-site with the Sales Team.
Lender excels at fee free products, 75% interest only and has a maximum age of 85.
Call the Sales Team now for any enquiries.
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25/07/2016 - Axis On-Site Today
Today we have Andy Rowe from Axis Bank on-site today with the
Sales Team.
Great lender for specialist BTL's including HMO's, Student Lets ad Limited Company Applications.
Call the Sales Team now to discuss any enquiries.
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20/07/2016 - Foundation onsite
Today we have James Adkin from FHL onsite with the AToM team.
FHL excel at accepting First Time Landlords, Ltd Company BTls and have superb rates starting from 3.59%
Call the sales team now or to speak to James on 01403 27 26 25
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15/07/2016 - Pepper On-Site Today
We have Gordon Ray from Pepper with the sales team.
Lender has rates from 3.68%, up to 85% LTV and 80% LTV Buy to Let, 12 months self employed and adverse is considered across the range.
Call the Sales Team now to discuss any enquiries.
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14/07/2016 - Kent Reliance On-Site Today
Today we have Steve Woods from Kent Reliance on site with the sales team.
Great Lender for Specialist Buy to Lets, EX-Pat Buy to Lets and Buy to Lets for both private and professional Landlords.
Call the Sales Team Now to discuss any enquiries.
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13/07/2016 - Precise On-Site Today
Today we have Liza Campion on-site today with the sales team.
Great Lender for Residential and Buy to Let enquiries. Up to 85% LTV with adverse considered (First Time Buyers included), Buy to Let with no minimum income requirements.
Call the Sales Team now to discuss any enquiries.
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12/07/2016 - Harpenden and Barclays On-Site Today
Today we have Graeme Aitken from Harpenden Building Society and Andrew Tapsell from Barclays on-site with the sales team.
Harpenden Building Society have rates from 2.74%, manually assessed mortgages and self builds considered.
Barclays accept commercial and residential property investments, 15 year repayment terms and owner occupied property commercial property purchases are also accepted.
Call the sales team to discuss any enquiries or criteria.
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11/07/2016 - New Lender - TML
We are delighted that The Mortgage Lender have launched with AToM today.
TML are a new
specialist and intermediary-only lender
and have an experienced and proven team with a successful track record of
entrepreneurial growth in a regulated environment.
Products and criteria they are particularly focused
on:
- Standard status borrowers
- Self employed
- Lending into retirement
- Impaired credit
https://www.atomltd.co.uk/intermediaries/The-Mortgage-Lender/TML%20Product%20Guide%20July%202016.pdf
Call the AToM sales team to discuss any enquiries or to find out more.
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07/07/2016 - FHL Tier 1 and Tier 2 VISAs Allowed
FHL now accept applicants wanting Buy to Let mortgages with either a Tier 1 & Tier 2 VISA.
FHL would require the following supporting information:
- All visas must have at least 6 months to expiry (at application stage)
- An additional requirement will be confirmation of the sponsors intention to renew the visa where the visa expires within the next 12 months
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06/07/2016 - Buckinghamshire On-Site Today
Today we have Julie Hanif from Buckinghamshire Building Society on-site with the sales team.
Lender good for unusual properties, complex income and manual underwriting.
Call the sales team to discuss any enquiries or criteria.
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20/06/2016 - Kensington New Product Launch
Kensington have launched the Kensington Premier Range.
The Premier mortgage range offers loans up to B#2 million, including a maximum limit of B#1 million for First Time Buyers. Loans are now available up to a maximum 75% LTV, with rates of 3.44% for a 2-Year Fixed and 3.74% for a 3-Year Fixed mortgage.
Loans up to 65% LTV, rates are 3.34% for a 2-Year Fixed and 3.64% for a 3-year Fixed. All products carry a B#999 completion fee.
Call the Sales Team now to discuss any enquiries.
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17/06/2016 - Foundation New Product Range
Foundation Home Loans have launched their new product range with rates now starting from 3.59% for Prime cases and 3.97%.
Foundation excel at helping small portfolio landlords, first time landlords and Ltd Co. applications.
Call the sales team now to discuss any enquiries or criteria!
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15/06/2016 - Axis Bank On-site Today
Today we have Andy Rowe from Axis Bank on-site with the sales team.
Axis excel at specialist BTL lending including HMO's, Student Lets and Limited Company Applications
On Monday Axis lanuched their new discounted variable product range with rates at 3.69% for both standard and specialist BTLs.
Call the sales team now to discuss enquiries and criteria.
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14/06/2016 - Precise On-Site Today
Today we Liza Campion from Precise Mortgages on-site with the sales team.
Great Lender for Residential and BTL enquiries with adverse.
Also available through AToM exclusive Help to Buy and Debt Management Plan Products.
Call the Sales Team now to discuss any enquiries.
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13/06/2016 - Axis Product Launch
Today Axis Bank launch their 2 year discounted variable rate.
Rates at 3.69% for 2 years for both standard and specialist BTLs up to 75% LTV.
No ERCs and Rental stressed at variable rate plus 0.5% subject to 5% minimum @ 125% coverage.
Call the sales team now to discuss any enquiries.
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10/06/2016 - Saffron Criteria Update
Saffron Building Society are now accepting loans up to B#1 million on their FTB products.
Maximum LTV for loans between B#500,000 and B#1 million is capped at 90%.
Properties must be within the M25 to apply.
Call the sales team to discuss any enquiries or criteria.
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09/06/2016 - National Counties Onsite
Today we have Cammy Amaira onsite with the packaged sales team.
National Counties are great with helping clients looking to borrow into retirement, British Ex-pats looking to purchase BTLs and low start family mortgages.
Call the Sales Team to discuss any enquiries.
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08/06/2016 - Together onsite today
Today we have onsite Gary Bailey and Mark Rookyard from Together Loans.
Lender good for unusual properties and customers with recent credit issues.
Please call us to discuss any enquiries.
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23/05/2016 - New LT Tracker BTL
Designed for clients who have experienced a blip on their credit rating, Pepper have launched a Buy to Let with rates starting from 3.68%.
LTVs available are up to 80% LTV and rental assessment is calculated at the pay rate!
Max adverse includes 3 CCJs/Defaults in months 19 - 36, 1 missed mortgage payments in months 19-24 and 1 missed in months 25-36. Anything over this ignored.
Call the AToM Sales team to find out more.
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18/05/2016 - Foundation HL changes
Foundation Homeloans are changing their rental calculations for individuals from 125% to 145%. This will come in to effect on JUNE 14th. Dips submitted after this date will be on the new calculations.
Rental coverage for Ltd Companies remains at 125%
Please call the AToM team to find out more.
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04/05/2016 - NCBS Changes
NCBS
has made some important changes to their lending policy that I wanted to share
with you today.
Minimum
property value
NCBS
minimum property value has reduced from£125,000 to £120,000. This applies to
their Owner Occupier and Buy to Let mortgages.
Holiday Homes
Mortgage applications on holiday homes are available, subject to affordability which must be calculated against the applicant's earned income without inclusion of any rental that may be received from the property. Interest-only loans will be accepted on this basis. It is intended that these properties should be for the applicant's use, but where the property may be occupied on a holiday let basis when the applicant is not in occupation.
Please note applicants with portfolios of holiday homes will not be permitted.
Holiday homes will not be accepted where there is a formal AST or where they can only be used as a holiday home due to restrictive covenants within the deeds. The maximum Loan to Value will be 70%.
Loan to Value limits
Owner Occupied limits are amended to:
£45,000-£350,000: 80%
£350,001-£500,000: 75%
£500,001-£1,000,000: 70%
£1,000,001-£1.25m: 65%
£1,250,001-£1.5m: 60%
£1.5m+: 50%
Contract workers
NCBS has changed the length of time for calculating income from 46 weeks to 48 weeks
Please contact AToM to find out more.
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04/05/2016 - Precise launch products
Precise Mortgages have made some important changes to their product range:
Residential:
- Rates from 3.19%.
- 6-year fixed rates decreased by
- 0.30% and a zero product fee option introduced.
- 6-year fixed rates start from 3.79% and offer customer the chance to secure the loans they want or need if they are struggling with affordability on shorter term rates. These changes make these products even more attractive.
Remortgage range introduced with a zero product fee, refund of valuation and free remortgage legal service.
Semi-exclusive cashback range refreshed to offer 2-year fixed rates in place of 2-year trackers.
New Help to Buy products with higher levels of allowable adverse equivalent to tiers 7/8.
Tier 7 score cut-off revised - opens products which allow up to 5 defaults to a greater number of customers.
Maximum term increased to 35 years. This helps customers with their affordability and can be combined with our six year fixed rates to give an even greater chance they will get the loan they need. This criteria is also available on Help to Buy.
Inherited properties now have no minimum ownership period requirements providing probate being granted before application.
Fixed rate end dates extended to 31st July.
Buy to Let
New LTV tier, products now available at 75% LTV to a maximum loan of £750,000.
5 year fixed products reduced by 0.10%, with revert rate reduced to 4.00% from 5.00%.
HMO products reduced by up to rates start from 3.99%.
Limited Company products reduced by up to 0.26%, rates start from 3.99%.
Inherited properties now have nominimum ownership period requirements providing probate being granted before application.
Fixed rate end dates extended to 31st July.
REMEMBER - No packaging fee charged with Precise products via AToM.
To find out more, please call AToM
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03/05/2016 - LLPs now acceptable
Kent Reliance will now allow a BTL in a Limited Liability Partnership.
They will treat this in the same was as a Limited Company.
Please contact AToM to find out more, or to speak to our onsite Lender underwriter (Tuesdays and Thursdays).
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28/04/2016 - AToM to launch with TML
Dale Jannels, AToM managing director said "The market for specialist mortgages is evolving and it is great to see a new entrant with the heritage and experience of The Mortgage Lender team."
"By partnering with The Mortgage Lender we will be able to offer a wider range of products to our customers at prices that are closer to the High Street than is currently available."
The new lender has unveiled a product range which included 2 year trackers from 2.19% and 2 year fixes from 2.41% this year, while its offering caters for the self-employed and those with impaired credit.
More to follow..
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28/04/2016 - Bluestone Lower Rates
Bluestone have reduced some rates by up to 1.22% on Clear, AAA, AA ranges - rates from 4.56%.
The Bankruptcy or IVA ranges have now sold out but will back in stock soon!
Call AToM to find out more!
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26/04/2016 - Precise withdraw rates
Tuesday 3rd May 2016 at 8pm, Precise Mortgages will be withdrawing all of their buy to let and residential mortgage products. Replacement products will be available from Wednesday 4th May 2016.
To secure a product from the current range AToM must fully submit your application by 8pm on Tuesday 3rd May 2016.
Please contact AToM asap to progress your application.
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15/04/2016 - AToM add Kensington
AToM (All Types of Mortgages Ltd), the Specialist Mortgage Packager/Distributor, is delighted to announce a new relationship with Kensington Mortgages.
Steve Griffiths, Head of Sales and Distribution, Kensington
Mortgages added " Specialist distributors like AToM provide an important
service for brokers who are looking for a simple way of sourcing and placing their
more complex cases. This is a really important partnership for us and we are
looking forward to working together to promote our core range, 90% LTV product
and future proposition developments. There is plenty of opportunity out there
to provide more options for brokers and their clients and this is the start of
a very exciting journey."
Product highlights include, Rates from 4.89%: no credit scoring: specialist products for Self Employed: 100% Bonus acceptable for Employed : Completion Fee Free products : Free valuation and free legals on some products. Available in England & Wales.
Please call the AToM sales team to find out more or to submit an enquiry.
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13/04/2016 - ExPat Self Employed
AToM
are pleased to announce that UK Expat self-employed applicants can now be
considered for Buy-To-Let mortgages.
Self employed applicants will need to evidence that annual income is in excess of £60k pa sterling/£75k pa currency equivalent. Two years accounts will be required and an average figure will be taken. However, if the second year’s income figure is lower than the previous year’s income figure, the latter figure will be used for the mortgage application
To verify self employed income, the lenders accountants certificate will be required to be completed by one of the 13 leading accountancy firms, as dictated by the lender.
Please call the AToM team to find out more.
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12/04/2016 - FHL offer Day 1 Remo
For a limited time, Foundation Home Loans will offer day 1 remortgages, where the existing property has
been purchased for cash in order to complete before the 1st April 2016 SDLT and will be considered on a case-by-case basis subject to satisfactory
evidence being as to source of purchase funds.
Also, remember that FHL still offer their 5 year fixed rate at 4.39% to £500,000 using the pay rate as the
stress rate for rental yield.
Call the AToM team to discuss an enquiry further.
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07/04/2016 - National Counties Onsite
Cammy Amaira, Head of Intermediary Sales at National Counties Building Society will be onsite today to discuss enquiries and take calls.
Remember, AToM have two exclusives with NCBS:
BUY TO LET - 3.89% three year fixed. Manual Assessment.
RESIDENTIAL - 3.49% three year fixed. Manual Assessment.
Please call the AToM team to find out more or to speak with Cammy!
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09/02/2016 - Precise Product Withdrawal
Please be aware that Precise Mortgages are going to be making the following changes to the BTL range with immediate effect from Tuesday 9th Feb at 8pm.
All BTL exclusive products are going to be withdrawn.
All core 5 year fixed BTL products will have the revert rate increased to 5% and the fee increased to 2%
All applications will need to be in by 8pm on Tuesday 9th Feb.
Please contact AToM asap for any questions,
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