17/04/2024 - PRODUCT WITHDRAWAL NOTICE

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17/04/2024 - Kensington Product Update

As of close of business tomorrow we will be withdrawing the following products:

Residential

• Select 75% - 90% LTV products (including eKo, eKo Reward, Young Professionals, Hero, Large Loan & Shared Ownership)
• Core 70% - 90% LTV products (including Property Plus)
• No change to Fixed For Term, HTB, RTB, Resi 12, Resi 6, Select 95%, Select Tracker

BTL

• Including personal & LTD Co
• All BTL products
• No change to BTL Tracker

Please note to secure one of these products you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done, then you will not have secured the product.

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Thursday 18th April.

Full Mortgage Application submitted by 5pm Wednesday 24th April

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09/04/2024 - Product Withdrawal Notice

On Wednesday 10th April at 5:30pm we will be withdrawing our Residential Special products and selected F1 and F2 core range products to be replaced the next day. 

Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 10th April which will secure the product for 3 working days until 5.30pm on Monday 15th April.

The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 15th April.

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27/03/2024 - Buy to let product withdrawal

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25/03/2024 - Kensington: Product Update

• Select Tracker, 80% LTV, 2 year, 6.65% product
• Select Tracker, 80% LTV, 2 year, 6.90%, free val, free val & legals, free val & B#250 cb product
• Select, 75% 80% & 85% LTV, 3 year products
• Select, Professional, Hero, eKo, eKo Reward, 85% LTV, 5 year products

• Tracker, 75% LTV, 2 year, 6.58%, free val product
• All Core, Specialist, Property Plus, eKo, eKo Reward products

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22/03/2024 - Vida Product Withdrawal

All residential and selected BTL products are to be withdrawn at the close of business on Monday 25th March. 

New Business - Decisions in Principle, with product selected, must have been completed by 6.00 pm on Monday 25th March.

For any cases currently in the pipeline, all mandatory documents must have been uploaded with fees paid, and case progressed to Application Received stage, by 6.00 pm on Wednesday 3rd April.

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18/03/2024 - Goodbye products.

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15/03/2024 - Kensington : Product Update

• BTL Special 75% LTV, 2 years, 4.84%, 3% fee, free val
• BTL Special 75% LTV, 5 years, 4.49%, 5% fee, free val

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14/03/2024 - Kent Reliance Product Changes

• Reducing 80% LTV fixed rates

• Relaunching 95% LTV income flex products
• Relaunching our extra flex range with rates up to 85% LTV
• Withdrawing 80% LTV core fixed rates and reducing 85% and 90% LTV rates

• Withdrawing 3-year fixed rates
• Removing the B#399 product fee
• Reducing 95% and 100% MSV fixed rates

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11/03/2024 - Pepper - Product Withdrawal Notice

We are writing to advise you that we are increasing rates across our product range. These changes will be implemented overnight on Tuesday 12th March.

If you wish to secure one of our existing products, please submit your Decision in Principle to "DIP Illustration Produced" status with your chosen product selected by 5pm on Tuesday 12th March.

Full Mortgage Applications for this withdrawn range must be submitted with fees paid by Midnight on Wednesday 20th March.

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05/03/2024 - WITHDRAWAL NOTICE

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01/03/2024 - Changes to our product range

On Wednesday 6 March we will be launching a number of new products with reduced rates. We will also be withdrawing some other products from sale.

To secure any of the products being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 5 March.

Please submit DIPs by midday on Tuesday to allow our underwriters the time to review any referrals. This gives you the best chance of reaching the FMA submit stage by 5pm.

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01/03/2024 - Green Fixed Tracker Product

We are writing to let you know that we are temporarily withdrawing our Green Fixed Rate and Green Tracker Products and will be re-pricing this range as soon as possible. The following product sets are affected:

• 5-year fixed Green on Standard, Limited Company and HMO
• 7-year fixed Green on Standard, Limited Company and HMO
• Tracker Green Products on Standard, Limited Company and HMO.

To secure a product from our existing Green range:

Full applications must be submitted by: 5:00pm on Friday 1st March 2024

Please note: All applications must be fully completed with all relevant fees paid and the case showing as valuation instructed by 5:00pm on Friday 1st March 2024 to secure the rate applied for.

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29/02/2024 - Family : Important information

On Friday 1 March 2024, we products and be changing the availability of some of our fixed rate products, and making these existing customer exclusives. We will also be restricting access to one of our 5 year fixed rate products, to selected intermediaries only.

The following Semi-Exclusive Owner Occupier fixed rate products will no longer be available for purchase and remortgage applications:

• XF0742 5.59% 2 Year Fixed Rate to 30/06/2026 (Interest-Only) (LTV 60%)
• XF0745 4.99% 5 Year Fixed Rate to 30/06/2029 (Interest-Only) (LTV 60%)

These products will continue to be available for our existing customers for further advance applications and product switches.

The following Owner Occupier fixed rate product will become exclusively available to selected intermediaries:

• XF0747 5.19% 5 Year Fixed Rate to 30/06/2029 (Interest-Only) (LTV 60%) 

The following Buy to Let fixed rate products will no longer be available for purchase and remortgage applications:

• XF0749 5.49% 2 Year Fixed Rate to 30/06/2026 (LTV 60%)
• XF0751 4.99% 5 Year Fixed Rate to 31/05/2029 (LTV 60%)

These products will continue to be available for our existing customers for further advance applications and product switches.

We will accept applications for all on sale products through our Mortgage Hub, or by paper, up to and including 5pm on Friday 1 March 2024. This means that any paper applications will need to be fully completed and sent to us ahead of this deadline in order to be received in time. 

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27/02/2024 - PRODUCT WITHDRAWAL NOTICE

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23/02/2024 - Aldermore : We are repricing our mortgage range

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22/02/2024 - Kensington : Product Update

As of close of business Monday 26th February we will be withdrawing the following:

Residential Tracker 75% LTV products
Residential Large Loan 2 and 3 year fixed products
Residential Select Special 65% LTV, 5.59%, 2 year fixed product
All BTL Tracker products

Please note to secure one of these products you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done, then you will not have secured the product.

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Monday 26th February.

Full Mortgage Application submitted by 5pm Sunday 3rd March

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20/02/2024 - Product withdrawals

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19/02/2024 - Product withdrawal notice

On Tuesday 20th February at 5:30pm we will be withdrawing the majority of our Residential products to be replaced the next day.

Residential Special products will be unchanged.

Any DIPs on the current products will need to be submitted by 5.30pm on Tuesday 20th February which will secure the product for 3 working days until 5.30pm on Friday 23rd February.

The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 23rd February.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 23rd February will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.

FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

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19/02/2024 - Product Withdrawal

All Vida Homeloans products are to be withdrawn at the close of business on Monday 19th February.

In advance of a full range reprice, all our Residential and BTL products are to be withdrawn from 6.00pm on Monday 19th February.

New Business

Decisions in Principle, with product selected, must have been completed by 6.00 pm on Monday 19th February.

For any cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to Application Received stage, by 6.00 pm on Wednesday 21st February.

Where either the fee has not been paid or the mandatory documents have not been uploaded by the close of Wednesday 21st February, the case will be returned to the DIP stage, and a new product will need to be selected.

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13/02/2024 - Product withdrawal notice

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12/02/2024 - Changes to our product range

On Wednesday 14 February we will be withdrawing one product from sale.

The full details of the withdrawal can be found in the table below.

To secure the product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 13 February. Please submit DIPs by midday on Tuesday to allow our underwriters the time to review any referrals. This gives you the best chance of reaching the FMA submit stage by 5pm.

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12/02/2024 - Product withdrawal notice

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08/02/2024 - Important product information

• For non-portfolio applications we need a signed Direct Debit mandate.
• For portfolio applications we need the portfolio schedule uploaded to the BTL Hub as well as a signed Direct Debit mandate and the combined business plan, cash flow, and assets and liabilities form.
• As part of the usual underwrite we may require additional documentation. 

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05/02/2024 - Aldermore: Withdrawing rates across

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05/02/2024 - Buy to let product withdrawal

At 5pm today, Monday 5 February, we are withdrawing our 4.39% 5-year fixed rate with a 7% fee.

To secure an application on this product you must have reached the fees paid stage before 5pm today, Monday 5 February.

You will then need to have submitted all essential documents by 5pm on Friday 9 February.

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02/02/2024 - Kensington: Product Update

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02/02/2024 - Rate changes

From tomorrow, Saturday 3 February, we will be increasing selected rates across our New Business product ranges, with some rates being withdrawn.

Please note that the majority of product are unchanged, and rates continue to start from 3.54%. 

You can secure any current products available via TMW Online by submitting a Full Mortgage Application (FMA) by 8pm today, Friday 2 February.

Where applicable, paper applications must be postmarked up to Friday 2 February.

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23/01/2024 - Kensington: Product Update

• Residential Heroes, 5 years fixed, 6.64%, no fee
• Residential Select, 5 years fixed, 6.74%, no fee

• 2 years fixed, 7.49%
• 3 years fixed, 7.09%
• 5 years fixed, 6.94%
• All with a 1299 fee and 250 cashback

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19/01/2024 - FHL Exciting changes

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18/01/2024 - Upcoming product changes

• Withdrawing our limited edition buy to let range and rolling equivalent reduced price products into the core range 
• Replacing core buy to let new business fixed rates with new lower rates
• Replacing 2-year buy to let tracker products

• Replacing buy to let and residential retention ranges with new rates

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18/01/2024 - Reduced rates coming soon

• Withdrawing our limited edition buy to let range and rolling equivalent reduced price products into the core range.
• Replacing the core buy to let new business range with new lower rates.

• Replacing current buy to let and residential product transfer ranges with new rates.

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16/01/2024 - Rate reductions

From tomorrow, Wednesday 17 January, we will be reducing rates and introducing new 3,995 fee options across our New Business and Existing Customer product ranges.

New Business 2 year fixed rates will now start from 3.69% and 5 year fixed rates will start from 3.94%.

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15/01/2024 - Product withdrawals today

We wanted you to know that we are replacing commercial and semi-commercial products at 5pm on 15 January. A new range of products, featuring reduced rates, will be available from 9am on Tuesday 16 January. 

 If you have submitted an agreement in principle, we will honour these subject to all fees and supporting documents being uploaded before 5pm on Monday 22 January.

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15/01/2024 - Aldermore reduced rates

• Reduced rates across our standard level 1 range and new 95% LTV rates. Fixed rates from 6.59% up to 95% LTV.
• We are increasing our maximum LTVs to 90% LTV for new build houses and 85% LTV for new build flats.
• We are also increasing our maximum LTV for remortgages when capital raising for debt consolidation, business purposes and other non-property related purposes to 85% LTV.

• We are reducing rates across our buy to let range including HMOs and multi-unit freehold products.
• Our 5 year fixed with 7% fee will be reduced to 4.39% for individuals and companies and 4.29% for multi property with single residential investment properties up to 75% LTV.

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12/01/2024 - TML: Changes to selected products

From today, Friday 12th January, we have reduced rates across the majority of our residential product range, and the majority of our BTL product range. We have also introduced some new products to our BTL range.

Our new BTL products include:

• A selection of new fee variants for our Standard and HMO/MUB products
• New 2 and 5 year fixed rate, 75% LTV options for Ex pat applicants
• New 2 and 5 year fixed rate, 75% LTV options for applicants with short term/holiday lets.

Our changes are designed to provide more options for your clients. 

Any application submitted from today will be eligible for the new rates.

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09/01/2024 - Improvements to product range

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09/01/2024 - Product withdrawal notice

On Wednesday 10th January at 5:30pm we will be withdrawing our buy to let and residential Special products.

These will be replaced the next day with the exception of the F2 Special products, which will not be replaced.

Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 10th January which will secure the product for 3 working days until 5.30pm on Monday 15th January.

The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 15th January.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Monday 15th January will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.  

FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

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04/01/2024 - Limited Edition! Check out these product changes

In a higher interest rate environment with evolving customer needs and changing market dynamics, it has become more difficult for landlords to achieve their required loan value to refinance or grow their portfolios. We are therefore excited to announce a package of changes that offer professional property investors more choice and access to larger loan sizes to support their plans for growth in 2024.

New Limited Edition Buy-to-Let Products

• New 2 Year Fixed Rate Limited Edition products from 5.59% with a maximum LTV of 70%.
• New 5 Year Fixed Rate Limited Edition products from 6.09% with a maximum LTV of 75%.
• The arrangement fee for all our Limited Edition products is 5% and can be added to the loan.
• Available for loans B#150k and over.

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02/01/2024 - Kensington : Product Update

• All Residential products (excluding Flexi Fixed for Term)
• All Buy to Let products (excluding eKo)

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19/12/2023 - Residential First Charge Products from 7.29%

UTB are reducing Interest Rates on our Residential First Charge mortgage products by up to 0.9% with plans to 85% LTV on Tuesday 19 December. BTL products and Second Charge Loans are unaffected.

Residential First Charge Products

0-Status, 2yr fixed rates with ERC are now up to 90bps lower: 

• 7.29% up to 70% LTV
• 7.39% up to 75% LTV
• 7.49% up to 80% LTV
• 7.89% up to 85% LTV

0-Status, 3yr fixed rates with ERC are now up to 90bps lower: 

• 7.32% up to 70% LTV
• 7.42% up to 75% LTV
• 7.52% up to 80% LTV
• 7.99% up to 85% LTV

0-Status, 5yr fixed rates with ERC are now up to 90bps lower:

• 7.35% up to 70% LTV
• 7.45% up to 75% LTV
• 7.55% up to 80% LTV
• 7.75% up to 85% LTV

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15/12/2023 - Product withdrawal notice

On Monday 18th December 2023 at 5:30pm we will be withdrawing our 5 Year Fixed Limited Edition product with a 1% fee, and replacing it on Tuesday 19th December 2023.

Any DIPs on the current products will need to be submitted by 5.30pm on Monday 18th December 2023 which will secure the product for 3 working days until 5.30pm on Thursday 21st December 2023.

The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 21st December 2023.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Thursday 21st December will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. 

FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

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12/12/2023 - VIDA : Product Withdrawal Notification

In advance of a full range reprice, all our Residential and BTL products are to be withdrawn from 6.00pm on Wednesday 13th December.

Decisions in Principle, with product selected must have been completed by 6.00pm on Wednesday 13th December.

For any 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 December. Where either the fee has not been paid, or the mandatory documents not uploaded by the close of Wednesday 20th December, the case will be returned to DIP stage and a new product will need to be selected.

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11/12/2023 - FHL : PRODUCT WITHDRAWAL NOTICE

On Monday 11th December 2023 at 5:30pm we will be withdrawing selected products in our Buy-to-let core range and replacing them on Tuesday 12thDecember 2023.

Any DIPs on the current products will need to be submitted by 5.30pm on Monday 11th December 2023 which will secure the product for 3 working days until 5.30pm on Thursday 14th December 2023.

The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 14th December 2023.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Thursday 14th December will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.  FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

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08/12/2023 - Special Festive Fixed Rate

We have launched a new BTL 5 year fixed Portfolio only Landlord Special products.

Buy to Let Special products:

• F1 5 Year Fixed Portfolio only Landlord products with a 6% fee, up to 65% LTV, at 5.24%
• F1 5 Year Fixed Portfolio only Landlord products with a 6% fee, up to 75% LTV, at 5.34%
  

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08/12/2023 - TMW Rate reductions

From today, Friday 8 December, we will be reducing selected rates across New Business and Existing Customer ranges by up to 0.40%. We will also be reducing ERCs on all 2 Year Fixed products.

Product Highlights - Buy to Let

• 5 year fixed, 4.34% up to 55% LTV, 3% fee, Purchase & Remortgage
• 5 year fixed, 4.39% up to 65% LTV, 3% fee, Purchase & Remortgage
• 5 year fixed, 4.54% up to 75% LTV, 3% fee, Purchase & Remortgage

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30/11/2023 - Kensington: Product Update

As of close of business Thursday we will be withdrawing our current Buy To Let. Tracker products that carry no arrangement fee 

Please note to secure this product you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured the product. Please see the submission deadlines below:

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Thursday 30th November.

Full Mortgage Application submitted by 5pm Wednesday 6th December.

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29/11/2023 - Product withdrawal notice

On Wednesday 29th November 2023 at 5:30pm we will be withdrawing our BTL and Residential Special products to be replaced the next day.

Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 29th November 2023, which will secure the product for 3 working days until 5.30pm on Monday 4th December 2023.

The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 4th December 2023.

DIPs relating to the current products which have not been converted to FMA and submitted by 5.30pm on Monday 4th December 2023 will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

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28/11/2023 - Product withdrawal notice

On Wednesday 29th November 2023 at 5:30pm we will be withdrawing our BTL and Residential Special products to be replaced the next day.

Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 29th November 2023, which will secure the product for 3 working days until 5.30pm on Monday 4th December 2023.

The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 4th December 2023.

DIPs relating to the current products which have not been converted to FMA and submitted by 5.30pm on Monday 4th December 2023 will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

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22/11/2023 - Product Withdrawal Notice

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20/11/2023 - Product withdrawal notice

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16/11/2023 - Kent : Important: product changes

• Now accepting HMOs with up to 20 bedrooms
• Reducing existing core 75% LTV 2 year and 5 year fixed rates
• Introducing new 70% LTV limited edition products
• 2 year trackers and 80% LTV products remain unchanged

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16/11/2023 - FHL: PRODUCT WITHDRAWAL NOTICE

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09/11/2023 - FHL: PRODUCT WITHDRAWAL

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31/10/2023 - Product withdrawal notice

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27/10/2023 - TMW : Rate reductions

From tomorrow, Saturday 28 October, we are reducing selected rates across our New Business and Switcher product range by up to 0.50%.

This includes 2 year fixed rates starting from 4.49%.

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25/10/2023 - Bluestone : Important update

• Reduced rates across 2,3 & 5 year fixed
• Reduced rates across RTB product range
• Rates reduced up to 64bps

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23/10/2023 - Kensington: Product Update

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20/10/2023 - Product withdrawal notice

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19/10/2023 - Buy to let product changes

• Lowering the pricing on our limited edition 7% fee product
• Rolling the remaining limited edition products into our core range to replace existing 75% LTV products

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19/10/2023 - Important product information

We are making changes to our residential and buy let product ranges.

Residential:

• We are lowering rates and introducing new 70% LTV products

Buy to let:

• Lowering the minimum loan on all products to B#40,000
• Withdrawing our 4% product fee limited edition products
• Rolling the remaining limited edition products into our core range to replace existing 75% LTV products

New ranges will be available from 9am on Friday 20 October. 

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17/10/2023 - Kensington : Product Update

As of close of business Wednesday we will be withdrawing the following Residential Specials products:

• Residential Select Special: 75% LTV, 2 year, 6.45%, 999 fee, free val & 500 cashback 75% LTV, 5 year, 6.25%, 999 fee, free val & 500 cashback
• Residential Core Special: 75% LTV, 2 year, 6.65%, 999 fee, free val & 500 cashback 75% LTV, 5 year, 6.45%, 999 fee, free val & 500 cashback
• Residential Resi 12 Special: 2 year, 6.85%, 999 fee, free val & 500 cashback 5 year. 6.65%, 999 fee, free val & 500 cashback

Please note to secure this product you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured the product.

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16/10/2023 - VIDA: Product Withdrawal

All products to be withdrawn at the close of business Tuesday 17th October.

In advance of a full range reprice, all our current Limited Editions and core range are to be withdrawn from 6.00pm on Tuesday 17th October.

New Business

Decisions in Principle, with product selected must have been completed by 6.00pm on Tuesday 17th October.

 For any 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 Tuesday 24th October.

Where either the fee has not been paid, or the mandatory documents not uploaded by the close of Tuesday 24th October, the case will be returned to DIP stage and a new product will need to be selected.

Contact the Impact team to assist and submit your clients applications.

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06/10/2023 - UTB: BTL Rate Reductioned

We are updating our BTL and Residential product ranges on Tuesday 10 October. Second Charge Loan products are unaffected. 

Current interest rates will be honoured for all pipeline cases, regardless of current application stage, provided a Mortgage Offer is issued on or before 10 November. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.

Contact the Impact team to assist and submit your clients applications.

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06/10/2023 - Saffron: Changes to our product range

On Wednesday 11 October we will be making a number of changes across our product range.

We are also pleased to announce we now offer Residential Large Loans of up to 5m for LTVs at 80% or below, as well as increasing the maximum loan on our Self Build Large Loan products to 4m.  

To secure any of the products being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 10 October. Please submit DIPs by midday on Tuesday to allow our underwriters the time to review any referrals. This gives you the best chance of reaching the FMA submit stage by 5pm.

Contact the Impact team to assist and submit your clients applications.

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04/10/2023 - We Are Updating Our Products

Following on from the rate reductions we made to our Five-Year Fixes last week, we will be updating our Two-Year and Seven-Year Fixed Rate products on Wednesday 4th October 2023.

Contact the Impact team to assist and submit your clients applications.

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03/10/2023 - FHL: Reduced BTL rates

• New F1 Limited Edition 5.94% fixed for 2 years, with a 3.5% fee to 70% LTV
• F1 - F2 2 Year Fixed rates reduced by up to 0.35% now starting from 6.94% with a 1.5% fee
• Standard HMO 2 Year Fixed products reduced by up to 0.25%, with rates starting from 7.19%
• Short Term Lets 2 Year Fixed rates reduced up to 0.15%, now starting from 7.34%

Contact the Impact team to assist and submit your clients applications.

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02/10/2023 - Kensington: Product Update

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29/09/2023 - Foundation Product Withdrawl

On Monday 2nd October 2023 at 5:30pm we will be withdrawing selected Buy to Let core range 2 year products to be replaced the following day.

Any DIPs on the current products will need to be submitted by 5.30pm on Monday 2nd October 2023, which will secure the product for 3 working days until 5.30pm on Thursday 5th October 2023.

The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 5th October 2023.

DIPs relating to the current products which have not been converted to FMA and submitted by 5.30pm on Thursday 5th October 2023 will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

Contact the Impact team to assist and submit your clients applications.

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27/09/2023 - Pepper Product Withdrawal Notice

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26/09/2023 - FHL Reduce Owner Occupied & BTL Limited Editions

As of today, Tuesday 26th September we have reduced selected rates through all tiers of our owner occupied range and launched new Limited Edition Buy to Let products. 

New Owner Occupied rates include:

• Core F1 rates reduced by up to 0.70% now starting from 6.89%
• New F1 remortgage-only products with one standard free valuation, 500 cashback and 1,295 fee - rates starting from 7.09%
• F2 rates reduced by up to 0.45% now starting from 7.19%
• F3 and F4 rates reduced by up to 0.55% now starting from 7.39%
• F1 and F2 Specials with a free valuation and 795 fee starting from 7.09%

Buy to Let F1 Limited Editions

• 5 year fixed rate reduced by 0.15% now at 6.54% 
• New 2 year fixed rate at 6.99% to 75% LTV with a 1,495 fee

Contact the Impact team to assist and submit your clients applications.

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26/09/2023 - TML reduce rates

TML are delighted to let you know that from today, Tuesday 26th September, we have reduced rates on a selection of our Buy to Let 5 year fixed products and introduced two new product options.  

Our new products include:

• Standard 2 year fixed, initial rate 4.69% with a 5% completion fee
• HMO/MUB 2 year fixed, initial rate 6.19% with a 3% completion fee

Any application submitted from today will be offered on the new rates.

Contact the Impact team to assist and submit your clients applications.

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22/09/2023 - Product withdrawal notice

On Monday 25th September 2023 at 5:30pm we will be withdrawing our Owner-Occupied core range products and also our BTL Limited Edition 6.69% 5 year fixed rate, to be replaced the following day.

 Any DIPs on the current products will need to be submitted by 5.30pm on Monday 25th September 2023, which will secure the product for 3 working days until 5.30pm on Thursday 28th September 2023.

 The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 28th September 2023.

 DIPs relating to the current product which have not been converted to FMA and submitted by 5.30pm on Thursday 28th September 2023 will no longer be valid.

 All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Contact the Impact team to assist and submit your clients applications.

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22/09/2023 - Fleet Mortgages Product Update

We are pleased to confirm that we are updating our products and our new products will go live at 09:00am Friday 22nd September 2023. 

Please find below further details of our updated products:

• Reduced interest rates across all Fixed Rate products by 15 bps
• Introduction of 3 x 7-year Green products, priced 10 bps lower than their 5-year counterpart
• End dates moved from 31st October to 31st December 2025, 2028 & 2030 respectively
• A total of 15 product changes made
• No changes have been made to our tracker products

Contact the Impact team to assist and submit your clients applications.

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19/09/2023 - Kensington Product Update

• Residential Heroes, 5 years fixed, 6.99%
• Residential Young Professionals, 5 years fixed, 7.04%
• Residential Select, 5 years fixed, 7.09%
• Residential Core, 5 years fixed, 7.29%

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15/09/2023 - Foundation: Product withdrawal notice

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12/09/2023 - Saffron: Changes to range

On Wednesday 13 September, we will be making a number of changes across our owner occupied, self employed, contractor and buy-to-let ranges.

To secure any of the products being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 12 September. Please submit DIPs by midday on Tuesday to allow our underwriters the time to review any referrals. This gives you the best chance of reaching the FMA submit stage by 5pm.

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11/09/2023 - Kensington : Product Update

As of close of business tomorrow we will be withdrawing our Residential Select 90% LTV 8.19% 10 year fixed product.

Please note to secure this product you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured the product. Please see the submission deadlines below:

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Tuesday 12th September. Full Mortgage Application submitted by 5pm Monday 18th September.

Contact the impact team to assist and submit your clients applications.

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08/09/2023 - Foundation product withdrawal notice

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07/09/2023 - Limited edition withdrawals

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29/08/2023 - FHL: PRODUCT WITHDRAWAL NOTICE

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25/08/2023 - FHL : Refreshed BTL and RESI rates out today

• New Remortgage only 5 year fixed F1 products up to 80% LTV starting from 7.29% with a B#1,295 Fee, a free standard valuation, no application fee and B#500 cashback.
• New Remortgage only 5 year fixed F2 products up to 75% LTV product starting from 7.44% with a B#1,295 Fee, a free standard valuation, no application fee and B#500 cashback.

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23/08/2023 - Foundation product withdrawal

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21/08/2023 - FHL : PRODUCT WITHDRAWAL NOTICE

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21/08/2023 - HTB: Notice of product suite changes

Please note that as of Tuesday, 22 August at 9am, the following changes will be made to our product suite:

• Rate reductions of up to 70bps on 5-year fixed deals between B#100k and B#1m across our buy-to-let and semi-commercial products.
• Special Edition evolves into Fee Plus and aligns with existing loan size bandings on ERC Plus and Lite, now also available on semi-commercial, streamlining our offer. 

Our new Fee Plus offering includes a 5% Arrangement Fee and is available on an ERC Lite basis only with an Early Repayment Charge of 4% in years one and two and 3% in years three to five.

Contact the impact team to assist and submit your clients applications.

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17/08/2023 - Product withdrawal notice

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14/08/2023 - Changes to our product range: Saffron

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08/08/2023 - Interbay Updates

• Valuation fee scales - Updated fees will be available on our website from Saturday 12 August
• Rental cover - ICR increasing from 160% to 175% for personal ownership buy to let applications across:
     - HMO/multi-let/student lets with seven or more rooms
     - Freehold block/titles of land with seven to ten residential units or multiple houses

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28/07/2023 - Product withdrawal notice

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27/07/2023 - Important: product withdrawals

We are making changes to our product transfer ranges on Friday 28 July.

To secure a rate from the current product transfer ranges you will need to request a KFI by 5pm on Thursday 27 July by emailing brokertransfers@krbs.com or calling us 01634 835 791. 

If you have already received a KFI from us, you have 14 days from the date it was issued to secure that rate.

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27/07/2023 - Product transfer withdrawals

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27/07/2023 - Changes to our Residential & BTL products

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26/07/2023 - Product withdrawal notice

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18/07/2023 - Together Product Rate Changes

Due to the ongoing challenges with funding costs we are repricing our Personal and Commercial ranges. Product changes will take effect from 19th July 2023.

Reminder of pipeline deadlines

Personal Finance

• You will have until 23:59 on 2 August 2023 to submit fully packaged applications on our previous rates.
• These cases must progress to offer by the 30th August 2023.
• Any requotes and/or financial amendments to existing cases from today will have the new rates applied to them.

Commercial Finance

• All submitted applications will need to complete by 16th August 2023.
• Any cases not already with our underwriting team will need to be re-quoted onto our new rates.

Contact the impact team to assist and submit your clients applications.

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17/07/2023 - Saffron: Changes to our product range

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12/07/2023 - Castle Trust : Changes to Bridging Proposition

• Any cases not currently at offer (sale exit only) need to complete by the end of September at the latest.

Contact the impact team to assist and submit your clients applications.

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12/07/2023 - FHL : PRODUCT WITHDRAWAL NOTICE

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11/07/2023 - Saffron : Changes to our product range

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10/07/2023 - Bluestone: We are changing our rates...

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07/07/2023 - Aldermore 2 and 5 year fixed product withdrawal

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07/07/2023 - TML : Changes to our Buy to Let products

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07/07/2023 - Kensington repricing

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07/07/2023 - Foundation product withdrawal notice

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06/07/2023 - Fleet Updating Fixed Rate Products

Good afternoon. We are writing to let you know that we will be recalibrating completion fees for our current core range of products with effect from 09:00am Friday 7th July 2023.

To secure a product from our existing product range with current fees:

FULL APPLICATIONS MUST BE SUBMITTED BY:
5:00pm Thursday 6th July 2023

Please note: All applications must be fully completed with all relevant fees paid and the case showing as valuation instructed by 5:00pm on Thursday 6th July 2023 to secure the product applied for.

We are also pleased to announce that we are reintroducing our 5-Year 70% LTV Fixed Rate Products which offer a lower rate/higher fee. New products will be available from 09:00am Friday 7th July 2023 for Standard, Limited Company and HMO.

Our tracker products remain unchanged.

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05/07/2023 - Limited edition buy to let product withdrawal

We have made the decision to withdraw our limited edition 5 year fixed buy to let rate. This product will be withdrawn from 6pm on Thursday, 6 July.

We understand this can cause our intermediary partners stressful deadlines to lock in rates, criteria and stress tests for your clients and we are pleased to let you know that you will have until 6pm Thursday to submit a decision in principle - NOT an application.

Your decision in principle will lock in the rate, stress test and criteria giving you a further 10 days to package your case and get it right first time to convert your DIP.

Contact the impact team to assist and submit your clients applications.

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27/06/2023 - Product Withdrawal - Expat BTL 5 Year 75% LTV

Due to current market conditions, on Wednesday we will be withdrawing our Expat Buy to Let 75% LTV 5 year product.

To secure the product below, we require a full mortgage application to be submitted with all fees paid by 5pm, Tuesday 27th June 2023. Please submit DIPs by midday to allow our underwriters the time to review any referrals, giving you the best opportunity of reaching the FMA submit stage by 5pm.

Contact the impact team to assist and submit your clients applications.

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27/06/2023 - Kensington repricing

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27/06/2023 - Bluestone: important update on our rates

We are increasing our rates across all of our product ranges which will be live from tomorrow, 28th June 2023. To secure the current interest rate, the application must be fully packaged by midnight tonight.

Contact the impact team to assist and submit your clients applications.

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26/06/2023 - Saffron: Product Withdrawal

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26/06/2023 - Kensington Product Update

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26/06/2023 - Foundation withdrawal notice

At 5:30pm on Monday 26th June 2023 we will be withdrawing a number of our products across both our buy to let and residential ranges which will then be replaced immediately on Tuesday 27th June.

These products include:

• All discounted rates
• Selected 5 year Core range products
• Our core range residential products

In addition to this we are also withdrawing a number of products which will not be immediately replaced, including:

• Our 2 Year Special products (5 year Specials not affected) 
• Limited Edition products and
• F1 and F2 BTL 2 Year Fixed Core rates

Any DIPs on the current products must be submitted by 5:30pm on Monday 26th June 2023 and converted to a full FMA and submitted before 5.30pm on Thursday 29th June 2023.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Thursday 29th June 2023 will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Contact the impact team to assist and submit your clients applications.

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22/06/2023 - TML makes changes to RESI & BTL ranges

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21/06/2023 - UTB: Mortgages and BTL Product Update

Due to continued volatility in the cost of funds, we are updating our Residential Mortgage and BTL product ranges on Thursday 22 June. Our Second Charge Loan products are not affected.

We will honour historic interest rates for all applications created on the Portal prior to 22 June, regardless of current application stage, provided a Mortgage Offer is issued on or before 21 July. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.

Residential Mortgages, Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated:

• 2yr fixed rates from 7.19%
• 3yr fixed rates from 7.22%
• 5yr fixed rates from 7.25%
• 5yr fixed rates with no ERC from 8.44%

BTL, Product Update
All BTL products have been updated, with 2%, 4% and a new 6% Product Fee option:

• Standard products, 2yr fixed rates from 5.89% and 5yr fixed rates from 6.19%
• Specialist products, 2yr fixed rates from 6.09% and 5yr fixed rates from 6.59%
• Non-Standard products, 2yr fixed rates from 7.50% and 5yr fixed rates from 7.69%
• New max 75% LTV for all Holiday Let applications

Call the Impact team to find out more on 01403 27 26 25

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21/06/2023 - Product withdrawals today

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21/06/2023 - Precise withdraws selected bridging rates

• 55% LTV - Standard bridging and Tier 1 refurbishment
• 50% LTV  - Tier 2 refurbishment 

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20/06/2023 - Foundation launch new BTL and RESI specials

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16/06/2023 - Kent withdrawing 75% BTL products today

We want to let you know that we are withdrawing our 75% LTV buy to let products, including our limited edition product from 5pm today, Friday 16 June. Our 80% LTV products will remain unchanged.

To secure a product from our current range you must have reached the fees paid stage before 5pm today, Friday 16 June.

You will then need to have submitted all essential documents by 5pm on Tuesday 20 June.

 Contact the impact team to assist and submit your clients applications.

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16/06/2023 - Precise withdrawing 75% BTL range

We are withdrawing our current range of 75% LTV buy to let mortgage products today, Friday 16 June. Our 80% LTV products will remain unchanged.

To secure a 75% LTV product from our current range you must fully submit your applications by 5pm today, Friday 16 June. We then need all minimum supporting documents uploaded by 5pm on Tuesday 20 June.

• For non-portfolio applications we need a signed Direct Debit mandate.
• For portfolio applications we need the portfolio schedule uploaded to the BTL Hub as well as a signed Direct Debit mandate and the combined business plan, cash flow, and assets and liabilities form.
• As part of the usual underwrite we may require additional documentation.

Contact the impact team to assist and submit your clients applications.

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15/06/2023 - Product withdrawal ahead of product launch

In preparation for an improved 2 year BTL Limited Edition being launched on Friday 16th June, the current Limited Edition will be withdrawn from 6.00pm on Thursday 15th June.

Transition arrangements

Decisions in Principle, with product selected, and for any 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, Thursday 22nd June.

Where either fees have not been paid, or mandatory documents not uploaded by Thursday 22nd June, the case will be returned to DIP stage and a product from the new range will need to be selected.

Contact the impact team to assist and submit your clients applications.

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15/06/2023 - Family temporarily withdraw fixed products

Whilst we have kept our products available for as long as possible, we are now going to have to temporarily withdraw our fixed rate mortgage products from 5pm Thursday 15 June 2023.

We will accept applications for all withdrawn fixed rate products through our Mortgage Hub up to 5pm on Thursday 15 June 2023.

That is the bad news. The good news is that we will return with a new set of products on Thursday 22 June 2023.

We know this is disappointing for you and your clients, but please bear with us for a very short period of time as we work on delivering you a brand new set of products for your underserved borrowers.

Contact the impact team to assist and submit your clients applications.

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14/06/2023 - Kensington repricing BTL & RESI

• Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Friday 16th June
• Full Mortgage Application submitted by 5pm on Thursday 22nd June

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14/06/2023 - Fleet repricing fixed rates

Due to current market volatility, we are repricing our Fixed Rate products.

To secure a product from our existing range: FULL APPLICATIONS MUST BE SUBMITTED BY: 5:00pm Wednesday 14th June 2023

Please note: All applications must be fully completed with all relevant fees paid and the case showing as valuation instructed by 5:00pm on Wednesday 14th June 2023 to secure the rate applied for.

We will relaunch an updated product range at 09:00am Thursday 15th June 2023. Our tracker products remain unchanged.

Contact the impact team to assist and submit your clients applications.

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14/06/2023 - Foundation product withdrawal notice

At 5:30pm on Thursday 15th June we will be withdrawing our Special products, across both our buy to let and residential ranges. All other products remain, including the Limited Editions.

Any DIPs on the current Special products must be submitted by 5:30pm on Thursday 15th June and converted to a full FMA and submitted before 5.30pm on Tuesday 20th June 2023.

DIPs relating to these current Special products which have not been converted to FMA and submitted by 5.30pm on Tuesday 20th June 2023 will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Please convert existing DIPs to a full mortgage application as soon as possible.

 Please note that our broker portal will be down from 5:30pm on Thursday 15th June in order to process this change, it will be available again the following morning.

Contact the impact team to assist and submit your clients applications.

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09/06/2023 - Saffron withdraws all fixed rates

Due to current market conditions, we will be withdrawing all fixed rates across a number of our categories. To support you and your clients, we wanted to give you a days notice of these withdrawals, so that you have an opportunity to submit a case and secure the product. This is likely to impact our service levels, and we ask that you bear with us while we work through the high volumes of activity we will experience over the comings days.

To secure existing products, we require a full mortgage application to be submitted with all fees paid by 5pm, Friday 9th June 2023. Please get DIPs in by midday to allow our underwriters the time to review any referrals, giving you the best opportunity of reaching the FMA submit stage by 5pm.

In light of market movements today, we will no longer be launching the 5.47% First Time Buyer or 5.57% JBSP First Time Buyer 5 Year Fixes, nor will we be replacing any of the other products being withdrawn at this time.

We will notify you by email when we relaunch these products in the coming weeks.

Contact the impact team to assist and submit your clients applications.

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06/06/2023 - InterBay to update BTL and Commercial products

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06/06/2023 - Saffron withdrawing 5 Year Ltd Company BTL Product

On Wednesday we will be withdrawing our 5 Year Fixed Limited Company Buy to Let 75% LTV product (5.74% fixed).

To secure the product below, we require a full mortgage application to be submitted with all fees paid by 5pm, Wednesday 7th June 2023.

On Thursday, 8th June, we will relaunch the product with a new rate of 6.07%

Contact the impact team to assist and submit your clients applications.

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06/06/2023 - Buy to let product withdrawals

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06/06/2023 - Kent Reliance Buy to Let withdrawals

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05/06/2023 - Landbay refresh products

Landbay has refreshed several of its products which have gone live on their platform this morning.

Summary of changes:

• 5y fixed HMO/MUFB, FTL, Trading Co, Green and Standard 55% LTV, and 2y fixed Trading Co, FTL and Standard increasing rate by 20 bps.
• Small MUFB/HMO 2y fixed increasing rate by 25 bps (10 products)
• 5y fixed standard 65% LTV and 75% LTV products and Special Edition 5y fixed 3y ERCs increasing rate by 30bps (22 products)

Applications which had selected the product before Friday at 5pm, has until midnight tomorrow Tuesday to submit their application, accept the app form (All applicants) and pay the admin fee to secure the rate.

Please get in contact with the impact team to find out more.

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05/06/2023 - Product Change Notification

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31/05/2023 - Dudley withdraw a number of rates

Due to continued demand for our specialist mortgage offering, we are receiving a continuously high volume of mortgage applications. This increasing volume of applications has impacted our service levels, which our dedicated Intermediary Support Team have been working to reduce. 

To allow our dedicated team the ability to continue to effectively underwrite and assess each application received, we have made the decision to withdraw a number of products. 

Any new DIPs will need to be received by COB Friday 2nd June, and fully packaged applications will need to be received by COB Friday 9th June.   There are no exceptions.

Please contact the impact team for assistance.

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31/05/2023 - Kensington withdraw rates

As of close of business tomorrow we will be repricing all Residential and BTL products, excluding Residential & BTL Tracker and Flexi Fixed For Term products.

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Thursday 1st June

Full Mortgage Application submitted by 5pm on Wednesday 7th June

Contact the impact team to assist and submit your clients applications.

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31/05/2023 - Pepper withdraw rates

Pepper make more changes:

We are writing to advise you that we are making further changes across all our product ranges and these changes will be implemented overnight on Thursday 1st June.

To secure one of our existing products, please submit your Decision in Principle to "DIP Illustration Produced" status with your chosen product selected by 5pm Thursday 1st June

Full Mortgage Applications for this withdrawn range must be submitted with fees paid by midnight on Monday 5th June

We regret that we will not be able to honour any cases that miss these deadlines.

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31/05/2023 - FHL make changes

 FHL have withdrawn a number of rates and made some changes:

As of today, Wednesday 31st May, we are launching a full range of buy to let and owner occupied core products for purchase and remortgage, with BTL now available up to 80% LTV and owner occupied available up to 85% LTV

New Buy to let core products:

• Full F1 - F3 tiers product range released with Fixed rates starting from 6.79%
• New products up to 80% LTV within the F1 core range

Expat, HMO and short term lets products available

New owner occupied core rates include:

• Full new product range available in F1 - F4 credit tiers starting from 6.84%
• New F1 2 and 5 year Fixed rates with flat B#995 fee now available up to 85% LTV
• Green F1 Fixed rates now available from 7.14% at 75% LTV with a B#995 flat fee and free standard valuation

Please get in contact with the impact team to find out more.

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19/05/2023 - Rate updates: Pepper

• Rate reductions across our Residential range with Pepper 48 and 48 Light 2 year 75% LTV reduced by 0.91% and 5 year 75% LTV reduced by 0.44%.

• NEW 65% LTV on Pepper 48 and 48 Light 2 year fixed and 5 year fixed, start from 6.33%. 
• NEW 70% LTV on DMP Pepper 24 2 year fixed and 5 year fixed starting from 7.85%

Call the Impact team to find out more on 01403 27 26 25

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19/05/2023 - Kensington RESI & BTL repricing

• Residential 70% LTV Core & Resi 6 products
• Residential 75% LTV products (except RTB & HTB) 
• Residential 80% LTV with fee products
• Residential 85% LTV with fee products
• BTL 2 year specials (standard & specialist) with 3% fee

• Residential 80% LTV 2 year 6.14% and 5 year 6.04% remo special products
• BTL 75% LTV 4.70% Tracker special product
• BTL 75% LTV 4.99% special product 

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18/05/2023 - Together: New CF rates effective 19th May

Together are launching new Commercial Finance effective Friday 19th May

Summary of changes as follows; 

• BTL (incl. HoBL) & Comm Term: Variable rates will be increasing 24 bps (following BoE increase). No increase to the HoBL or Commercial Term fixed rates
• BTL  2 Year Fixed rates will be increasing 50 bps
• BTL  5 Year Fixed rates will be increasing 30 bps
• Unregulated Bridge rates will remain unchanged

BTL Variable:

• Standard 1st Charge 8.25% rate increases by 24 bps to 8.49%
• Second charge 9.25% rate increases by 24 bps to 9.49%

BTL 2 Year Fixed Rate:

• BTL 1st charge 2 year fixed rate increase 50 bps from 8.45% to 8.95%
• BTL 2nd charge 2 year fixed rate increase 50 bps from 9.45% to 9.95% 

BTL 5 Year Fixed Rate:

• BTL 1st charge 5 year fixed rate increase 30 bps from 8.15% to 8.45%
• BTL 2nd charge 5 year fixed rate increase 30 bps from 9.15% to 9.45% 

BTL Flexi Product 1st Charge:

• Variable 1st charge rate increases by 24 bps from 9.75% to 9.99%
• 2 year fixed 1st charge rate increase 50 bps from 9.95% to 10.45%
• 5 year fixed 1st charge rate increase 30 bps from 9.65% to 9.95%

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18/05/2023 - Reduced minimum loan amount on all buy to let

With immediate effect InterBay has reduced the minimum loan amount to 500k on all buy to let products. 

• Rates from 6.09%
• 500k minimum loan
• 2% product arrangement fee
• HMOs/MUFBs of any size accepted
• Multiple properties accepted on a single loan
• No maximum loan or property value

Call the Impact team to find out more on 01403 27 26 25

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18/05/2023 - New 2 Year buy to let special products

Foundation has improved the stress test calculation on shorter term buy to let rates - ICR is now stressed at the higher of Pay Rate + 2% or a flat 8%. 

We are also, today, launching some new 2 year Fixed rate buy to let special products for purchase and remortgage.

New buy to let special rates include:

• F1 2 year Fixed rates starting at 5.39% with 1% fee and one free standard valuation
• F2 2 year Fixed rates starting at 5.49% with 1% fee
• F2 HMO 2 year Fixed rates starting at 5.54% with 1% fee

Call the Impact team to find out more on 01403 27 26 25

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09/05/2023 - Aldermore withdrawing rates across mortgage range

The below products will be withdrawn from 6pm Wednesday, 10 May and we will continue to accept DIPs submitted in the portal up to 6pm Wednesday 10 May.

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28/04/2023 - Foundation are withdrawing selected products

On Tuesday 2nd May 2023 at 5:30pm we will be withdrawing selected products in our buy to let and owner occupied core ranges, and replacing them with new rates on Wednesday 3rd May 2023.

Selected buy to let products will not be replaced. Note there will be no changes to the existing range of Special products.

Any DIPs on the current products will need to be submitted by 5.30pm on Tuesday 2nd May 2023, which will secure the product for 5 working days until 5.30pm on Tuesday 9th May 2023. The DIP must be converted to a full FMA and submitted before 5.30pm on Tuesday 9th May 2023.

DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Tuesday 9th May 2023 will no longer be valid. All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application

Have an enquiry? Call the Impact Packaging team on 01403 272625

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28/04/2023 - Saffron remove all proc fee caps

We had a great response to the launch of our larger loan sizes last month, with residential, BTL and Self-Build products now available up to 3 million at 80% LTV.  

Today we are pleased to announce another step forward for our proposition with the removal of proc fee caps on all our products.

No ifs, no buts. We have abolished all our proc fee caps, making it easier for you to understand how you will be remunerated on larger loans. What is more, we have committed that this will be a longstanding offering across our entire range, so you can be reassured that we are a long-term partner for all your larger loan cases. 

To find out more, contact the impact team on 01403 272625

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28/04/2023 - Vida update products effective 1st May

Vida announce new product guides that include VVR and variable rate increases (up 0.25% in line with last Base Rate increase), effective Monday 1st May.

Call the Impact team to find out more on 01403 27 26 25

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28/04/2023 - Pepper launch Right to Buy

Pepper are delighted to have expanded their Affordable Homeownership range for hopeful homeowners buying a home using the Right to Buy scheme.  

Right to Buy further strengthens their commitment to helping your customers with tailor made products to meet the specific requirements of the individual ranges supported by dedicated teams and processes.

The scheme allows eligible council and housing association tenants in England to buy their home with a discount of up to 96,010 or, if living in London, up to 127,940.

Remember Pepper do not credit score. Instead they take a flexible approach to lending.  CCJs and Defaults do not have to be satisfied and their is no value limit either.  Pepper accept 100 per cent of commission and car allowance to help boost affordability.

Call the Impact team on 01403 27 26 25 to discuss an enquiry.

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28/04/2023 - TML update BTLs

TML have made some changes to their Buy to Let product range:

• 2-Year Fixed Rate pricing reduced
• New 2-Year Fixed Rate Fixed Fee product
• 5-Year Fixed Fee Saver now available for purchases as well as remortgage

Call the Impact team to find out more on 01403 27 26 25

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28/04/2023 - Precise launch new rates

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28/04/2023 - Try Family BS for BTL

Here at the Family Building Society, we understand the difficulty portfolio landlords are facing in the current climate, we have a solution to stress testing background properties. As long as the overall portfolio is self-financing by 100%, we do not stress test the background properties at all!

BTL Criteria Across ALL Lending Areas

The below criteria covers all of the products we have available and I have listed some Product specific criteria further down; 

• Max age 89 at application
• No minimum income criteria
• No maximum portfolio size with other lenders
• No background stress on their portfolio - just needs to be profitable.
• MUFBs - 3 flats on 1 freehold title accepted.
• Max LTV 70%

• 4 applicants on a mortgage allowed.
• 5-year fixed rate (pay rate) stress test available
• We also offer LTD Co BTLs

Call the Impact team to find out more 01403 272625

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28/04/2023 - TML & Consumer Duty

We will keep you updated with any changes we make, but here is some helpful online content you can use in advance of the Consumer Duty implementation deadline of the 31st July:

• Key changes - We will keep a note of all our upcoming changes, and when you can expect to see them, including our Fair Value Assessments, Target Market definitions, and updates to our Intermediary Ts & Cs.
• Frequently Asked Questions - We have been gathering the questions we receive relating to Consumer Duty, and you can find these and our answers on our website.
• Vulnerable Customers - We are updating our systems to help us identify customers with characteristics of vulnerability.  We will contact you by email when these updates are made.
• Coming soon - Consumer Duty Online Event, with Robert Sinclair, Chief Executive at AMI. We will be running a webinar focusing on Consumer Duty and its impact on the intermediary market.  Look out for your invitation coming soon.

You can view our online content here. https://themortgagelender.com/consumer-duty?utm_source=National+Accounts&utm_medium=Weekly+Content&utm_campaign=Consumer+Duty&utm_id=Consumer+Duty

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21/04/2023 - New product available from Kensington

Kensington has today released new Buy to Let and Residential products, including:

Residential Select 95% LTV
These products are available to purchase applications only, with a max loan size of 350,000.

95% LTV, 2 year & 5 year, 6.89%, 1299 fee
95% LTV, 2 year & 5 year, 7.49%, no fee, free val

BTL Core Special
75% LTV, 5 year, 4.69%, 3% fee, (available to LTD Co applications too)

BTL Tracker Special
75% LTV, 2 year, 4.70% (KSR + 0.35%), 3% fee, (available to LTD Co applications too)

To find out more, contact the impact team on 01403 272625

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05/04/2023 - New limited edition BTL rates from 4.79%

• Lifetime Tracker 6.24%
• 2 Year fixed from 5.14%
• 5 Year fixed from 4.79%
• LTV up to 75%
• Product fee options from 1.5%

• 2 Year fixed from 5.24%
• 5 Year fixed from 5.19%
• LTV up to 75%
• Product fee options from 1.5%

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31/03/2023 - Fleet Replace Tracker products

Fleet Mortgages has today introduced new Tracker products. See below a summary of the key changes.

• BBR increased from 4.00% to 4.25%
• Standard and Green Tracker products reintroduced
• ERC end dates for Tracker products moved to 31/10/2023

For more information, contact the impact team on 01403 272625.

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28/03/2023 - Foundation refreshes BTL and owner-occupied ranges

Foundation Home Loans has announced a complete refresh of its core buy-to-let & owner-occupied product ranges, introducing a range of new products across both. The buy-to-let refresh covers all core products, as well as ExPat, large HMO, short-term let and Green product options.

 NEW buy to let rates and changes include:

• New F1 Large Loan 5 Year Fixed 65% LTV at 5.84% with a fixed product fee of B#3,995 
• F1 2 and 5 year fixed 75% LTV starting at 6.24% with a fixed product fee of B#1,995
• Expat F1 and F2 5 year fixed 75% LTV starting at 6.29% with a 1.25% fee
• F3 2-year discount product at 75% LTV with no early redemption fees at 6.84%
• Rate reductions by up to 0.70% across Green and discount products now starting at 6.09%

NEW owner-occupied products and changes include:

• New Professionals Products 2 and 5 years fixed 65% and 75% LTV starting at 6.49%
• F1 fee assisted 2 and 5 year fixed rates to 75% LTV starting at 6.74% with a reduced fee of B#795 with one free standard valuation and no application fee
• F2 Discount rate at 65% and 75% LTV with no ERCs starting at 6.89%
• F3 2 and 5 years fixed options now available at 65% and 75% LTV, starting from 7.14%
• F4 2 and 5 years fixed options now available at 65% and 75% LTV starting from 7.39%

For more information, contact the impact team on 01403 272625

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27/03/2023 - Landbay cuts rates for two-year fixed rates

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24/03/2023 - BTL and owner-occupier product withdrawals

On Monday 27th March 2023 at 5:30pm Foundation Home Loans will be withdrawing selected products in their buy to let and owner-occupied ranges and replacing them with new rates on Tuesday 28th March 2023.

Any DIPs on the current products will need to be submitted by 5.30pm on Monday 27th March 2023, which will secure the product for 5 working days until 5.30pm on Monday 3rd April 2023. The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 3rd April 2023.

 DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Monday 3rd April 2023 will no longer be valid.

For more information, contact the impact team on 01403 272625

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24/03/2023 - New fixed bridging products

Together has reviewed their products to ensure that they continue to be flexible on criteria, and to support their customers and partners.  

In light of this, from today you will now have access to an unregulated Bridge fixed rate product. Rates will be from:

• Standard residential First charge 0.95%
• Standard residential Second charge 1.05%
• Standard commercial First charge 1.05%

As one of few lenders that can offer both variable and fixed products, this will support your customers needs.

For more information, contact the impact bridging team on 01403 272625

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23/03/2023 - Vida relaunch Right to Buy

Vida Homeloans now allows purchase only applications from Local Authorities for Right to Buy and from Housing Associations for Right to Acquire.

• 2 and 5 year fixed options
• Zero product fee
• Max 75% LTV
• Available up to 100% discounted purchase price or 75% of open market value

The new Right to Buy products join other recent enhancements to Vida Homeloans residential criteria including:

• Minimum loan of 50,000
• Fee free options
• No maximum limit of storeys in a block of flats considered
• Flats above or adjacent to commercial properties - pubs and petrol stations now considered
• Joint Borrower Sole Proprietor expanded to other family members
• Acceptable Visas extended with just one years UK residency required

For more information about Vida Homeloans range, contact the impact team on 01403 272625

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22/03/2023 - Saffron announce selected product withdrawals

Over the last week Saffron have seen a significant increase in demand for some of their most popular products. To protect service levels and to continue processing existing cases, they are making selected withdrawals across their range on 22 March 2023 at 5pm.

This is temporary measure, and they hope to relaunch products shortly.

To secure affected products, they require a full mortgage application to be submitted with all fees paid by 5pm on Wednesday 22 March 2023.

For more information, contact the impact team on 01403 272625

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22/03/2023 - Pepper updates RESI range

Pepper Money has reduced rates across their Residential and Debt Management Plan (DMP) ranges by as much as 0.90% and introduced a 70% LTV tier on Pepper 36 products starting from 6.75%.

These products are ideal for your customers with larger deposits and complement the recent launch of Peppers 350 fee assisted cash back offer and retention range.

Whether your customers require Residential, Shared Ownership, Help to Buy, DMP or Bankruptcy mortgage. Pepper connect the right people with the right product for them.

For more information, contact the impact team on 01403 272625

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21/03/2023 - Bluestone reduce rates across range

Bluestone mortgages has announced a reduction on their residential and buy to let two-year, three-year and five-year fixed rates. This reduction applies to both their standard and fees free ranges.

For more information, contact the impact team on 01403 272625.

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20/03/2023 - Pepper make changes to their RESI range

Pepper money are making changes to their Residential product range and these changes will be implemented Overnight on Tuesday 21st March.

This is a further step in improving Pepper Money mortgage range, following the recent introduction of 350 cashback for remortgages and their retention range, these changes ensure Pepper provide your customers with a greater choice of mortgage products.

To secure one of their existing products, please ensure you have submitted your Decision in Principle to DIP Illustration Produced status with your chosen product selected by 5pm on Tuesday 21st March.

Full Mortgage Applications for this withdrawn range must be submitted with fees paid by 5pm on Monday 27th March. Pepper regret that they will not be able to honour any cases that miss these deadlines.

To find out more, contact the impact team on 01403 272625

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17/03/2023 - Foundation launch F1 BTL Limited Edition products

Foundation Home Loans has launched two new Limited Edition buy to let products in the F1 range for purchase and remortgage. Available for individual and limited company borrowers, the two new Limited Edition products cover both two and five year fixed-rate terms.

NEW F1 Limited Edition buy to let rates include:

• F1 Limited Edition BTL 5 Year Fixed 75% at 5.59%
• Product Fee 5 year 4,995
• F1 Limited Edition BTL 2 Year Fixed 75% at 5.94%
• Product Fee 2 year 1,995
• Available for Limited Company and Individuals
• Maximum loan 1.5m

To find out more, contact the impact team on 01403 272625

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16/03/2023 - New special edition BTL products available now

• 75% LTV, 2 year, 4.79%, 3% fee
• 75% LTV, 2 year, 4.99%, 2% fee
• 75% LTV, 5 year, 4.99%, 3% fee
• 75% LTV, 5 year, 5.19%, 2% fee

• 75% LTV, 2 year, 4.79%, 3% fee
• 75% LTV, 5 year, 4.99%, 3% fee

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15/03/2023 - Saffron withdrawing range of mortgage products

Following high demand, Saffron are temporarily withdrawing a number of products across their Residential and Buy to Let on 16 March 2023 at 5pm.

To secure any of the below products, Saffron will require a full mortgage application submitted, with fees paid, by 5pm on Thursday 16 March 2023.

The following products will be withdrawn: 

• Owner Occupied 80%, 3.89%, 2 Years, 80% LTV, 999 fee, DR1128
• Buy to Let 75%, 4.59%, 2 Years, 75% LTV, 1,999 fee, DR1159
• Ltd Company Buy to Let 75%, 5.47%, 5 Years, 75% LTV, 1.5% fee, DR1088

For more information, contact the impact team on 01403 272625

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09/03/2023 - Foundation launch new RESI & BTL products

Thursday 9th March, Foundation Home Loans has introduced new products in the special and core residential F1 and F2 ranges, and reduced selected fees and rates on their buy to let specials for purchase and remortgage.

NEW residential products and changes include:

• Reintroduction of 80% LTV products in the Core F1 range for 2 and 5 years (including Green), starting at 7.19% fixed for 2 years
• NEW core owner-occupied F1, 2 and 5 Year Fixed Green ABC+ rates with one free standard valuation and 995 Fee starting at 6.99%
• NEW Fee Assisted F1 and F2 5 Year Fixed Rate Specials, up to 65% LTV with reduced fee of 795, with one free standard valuation and no Application Fee. Rates from 6.59%
• Other owner-occupied special rates reduced by up to 10bps and product fees reduced by 500 to 995

NEW special buy to let rates include:

• Product Fee on the 2 year Fixed Rate Specials reduced from 2% to 1%
• F1 BTL 5 Year Fixed reduced by up to 0.10% across 65% and 75% LTV now starting at 5.94%
• F2 BTL 5 Year Fixed 75% LTV reduced by 0.10% to 6.19%
• F2 Standard HMO (Up to 6 occupants) 2 Year Fixed 75% LTV reduced by 0.05% now at 6.19% with a 1% product fee
• F2 Standard HMO 5 year fixed 75% LTV reduced by 0.10%, now at 6.24%

Call the impact team today on 01403 272625 to find out more.

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08/03/2023 - Kensington Updates Residential range

Kensington has today updated their Residential range with the following new and enhancements products:

Help to Buy Wales

• These products will be available to purchase applications based in Wales only, with a max loan size of 500,000.
• 75% LTV, 2 year & 5 year, 6.79%, 999 fee, free valuation

Residential Core 90% LTV

• 90% LTV, 2 and 5 year, 6.69%, 1299 fee
• 90% LTV, 2 and 5 year, 7.49%, no fee, free val / free val & free legals / free val & 250 cashback options available

Call the impact team today on 01403 272625 to find out more.

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07/03/2023 - Withdraw of selected BTL & RESI ranges

On Wednesday 8th March 2023 at 5:30pm Foundation Home Loans will be withdrawing selected products in their buy to let and residential ranges and replacing them with new rates on Thursday 9th March 2023. This includes products in their core and limited-edition special ranges.

Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 8th March 2023, which will secure the product for 5 working days until 5.30pm on Wednesday 15th March 2023. The DIP must be converted to a full FMA and submitted before 5.30pm on Wednesday 15th March 2023.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application. FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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07/03/2023 - Buy to let product withdrawals

Precise Mortgages are withdrawing their existing range of buy to let products. A new range of products will be available on from 9am on Thursday 9 March. Limited edition products will remain unchanged.

To secure a product from their current range you must fully submit your applications before 8pm on Wednesday 8 March.

Call the Impact today on 01403 272625 with your enquiries.

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07/03/2023 - Buy to let product withdrawals

Kent Reliance will be shortly replacing their standard buy to let products. Their range of limited edition buy to let products is unaffected. New products will be available from 9am on Thursday 9 March.

To secure a product from their current range you must have reached the fees paid stage with the valuation instructed and all essential documents attached before 5pm on Wednesday 8 March.

Call the impact team today on 01403 272625 to find out more.

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06/03/2023 - UTB Make Rate Reductions

United Trust Bank has made the following rate reductions across their product ranges:

Mortgages
Purchase, Remortgage, Interest Only and Unencumbered products have been updated, with rate reductions from 0.20% to 1.00%

• 2yr fixed rates from 6.29%
• 3yr fixed rates from 6.32%
• 5yr fixed rates from 6.35%
• 5yr fixed rates with no ERC from 7.54%
• 1 and 2 Status plans limited to 5yr fixed rates only

BTL
Standard products have been updated, with rate reductions of 0.30%

• 2yr fixed rates from 5.29%
• 5yr fixed rates from 5.89%

For more information, contact the impact team on 01403 272625

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22/02/2023 - Saffron reduce FTB RESI rates

• First time buyer 90%, 5 Year fixed, 4.77%
• First time buyer 95%, 5 Year fixed, 5.07%
• FTB Joint Borrower Sole Proprietor 95%, 5 Year fixed, 5.37%

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21/02/2023 - Family replace fixed rate mortgage products

Family Building Society has today, 21 February 2023, replaced the majority of their fixed rate mortgage products. They have also announced increases to their Managed Mortgage Rates which will take effect in March.

All Owner Occupier fixed rates have been reduced:

• Core range repayment products - five year fixed rates starting at 5.19%, new two year fixed rates starting at 5.54%
• JMSO repayment products - five year fixed rates starting at 5.29%, new two year fixed rates starting at 5.64%
• Core range Interest Only five year fixed rate now up to 80% maximum (previously 60% maximum)

Family has also reduced all Fixed Rates across our Buy to Let range. Some alterations have been made to their Limited Company SPV and Expat product fees:

• UK Landlords - five year fixed rates starting at 6.04%
• Limited Company SPVs - five year fixed rates starting at 6.04%, with a 2.00% product fee (subject to a minimum of 1,499)
• Expats - five year fixed rates (now up to 70% LTV) starting at 6.49%, with a 1.50% product fee (subject to a minimum of 1,000)

Managed Mortgage Rates are increasing:

From 11 March 2023 Managed Mortgage Rates will be increasing by 0.75%. This means all our on-sale discounted variable rate products will be increasing by 0.75% on the same date.

Call the impact team today on 01403 272625 to find out more.

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21/02/2023 - Fleet Mortgages launching new products

Fleet Mortgages are launching new Fixed Rate products which will go live at 09:00am on Wednesday 22nd February. Summary of changes include:

Reintroduction of 2-Year Fixed Rate Products

• Given the uncertainty around rates, these 75% LTV 2-Year Fixes should provide a further boost in product options and choice for those looking for shorter-term certainty when it comes to their monthly mortgage payments
• 3 x new 75% LTV 2-year Fixed Rate products anchored at 5.69%
• End dates and ERC dates set as 30th April

New 5-Year Fixed Rate Products

• We are also launching new 5-Year fixes with lower rates and a higher fee, as we know there is significant demand for such products against the backdrop of landlords seeking to meet affordability criteria. These new 70% LTV higher-fee 5-Year Fixes will complement our standard product range
• 3 x new 70% LTV 5-year Fixed Rate products anchored at 4.79% with a higher fee of 5% (Min. 750)
• End dates and ERC dates set as 30th April

 Call the impact team today on 01403 272625 to find out more.

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17/02/2023 - New Foundation RESI and BTL ranges launched

Foundation Home Loans has made reductions of up to 1.80% to some of their residential and buy to let products for purchase and remortgage. 

NEW residential rates include:

• 2 year Residential fixed and discount rates across our F1-F4 credit tiers
• Green Discount rate of 6.44% with 995 fee up to 75% LTV
• Discount rates from 6.44% (reversion - 2.55%) with 1,495 fee
• Fixed rates from 7.14% with 995 fee
• Maximum loan size of 1m at 75% LTV
• Maximum loan size of 2m at 65% LTV

NEW buy to let rates include:

• New Green buy to let fixed and discount rates - from 6.44% with 1.25% fee
• Free standard valuation and no application fee
• New discounts for F1, F2, HMO, MUB and short term let
• Up to 75% LTV
• Available for both individuals and limited companies
• Maximum loan size of 1.5m

Call the impact team today on 01403 272625 to find out more.

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17/02/2023 - Family to make changes to their product range

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15/02/2023 - InterBay to update finance range

InterBay are replacing their range of commercial, semi-commercial, and bridging products.

A new commercial and semi-commercial range will launch on Friday 17 February, along with new tier 2 refurbishment bridging and developer exit products.

For applications to be considered from their current range, you must have submitted an agreement in principle before 5pm on Thursday 16 February. Fees and supporting documents need to be submitted by 5pm Thursday 2 March.

For more information, contact the impact team on 01403 272625.

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15/02/2023 - Precise to update bridging finance range

Precise are replacing their bridging finance range on Friday 17 February.

AIPs submitted before 5pm on Thursday 16 February will be honoured on current rates and remain valid for two weeks after submission. AIPs received after this time will be placed on their new pricing.

For more information, contact the impact team on 01403 272625.

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16/01/2023 - Lanbay updates 5 Year BTL with lower LTVs & rates

Landbay has updated its five-year fixed rate buy-to-let mortgage range with the introduction of lower loan-to-values and rates now starting at 4.39%.

These five-year fixed rates are for standard properties and Landbay has brought in new LTVs of 55% and 65%. This is in addition to the existing 75% LTV products which has a new maximum loan size of 1M (previously 500K). There is a variable fee structure from 2% to 7% on selected products.

Call the impact team today on 01403 272625 to find out more.

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16/01/2023 - Bluestone reduce rates across range

To support a growing number of customers with complex credit, Bluestone has reduced its rates across their fixed-rate residential and buy-to-let products.

For more information, contact the impact team on 01403 272625.

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11/01/2023 - Saffron: Relaunch Products

Saffron has completed their return to market with the relaunch of Limited Company Buy to Let. In addition, they have reprices on their First Time Buyer, Joint Borrower Sole Proprietor, Owner Occupied and Green Residential products.

For more information, contact the impact team on 01403 272625.

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06/01/2023 - Precise update RESI mortgage range

Precise Mortgages has launched a new residential range featuring 2, 3 and 5-year fixed rates from 5.49% and up to 85% LTV.

They understand customers are facing financial challenges, and their new range provides options for customers with less-than-perfect credit profiles, including those with CCJs and defaults as well as active and satisfied DMPs.

• 2, 3 and 5 year fixed from 5.49%
• Up to 85% LTV
• Active and satisfied DMPs accepted
• 5 defaults and 3 CCJs in the last 24 months considered
• Defaults and CCJs don not need to be satisfied
• Suitable for purchase and remortgage with no limit on debt consolidation
• Refund of valuation up to B#630 (excludes Right to Buy)
• Year-end or trading year accepted for self-employed

Precise Mortgages has also launched new products across their Right to Buy and Help to Buy remortgage ranges.

Contact the impact team today on 01403 272625 to find out more.

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06/01/2023 - Kensington introduces new BTL special edition

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06/01/2023 - Together make commercial finance product changes

Together has made changes to their Commercial Buy-to-Let products, including variable and fixed rates.

New buy-to-let rates are:

• First charge variable rate from 7.49%
• Second charge variable rate from 8.49%
• 2 year fixed rate from 9.45%
• 5 year fixed rate from 9.15%

Call the impact team today on 01403 272625 to find out more.

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21/12/2022 - Bluestone variable rate change

Bluestone has increased their Variable Rate from 4.25% to 4.75%. This will impact their Term Variable and Reversion rates. Change is effective from today, 21st December 2022.

Call the impact team today on 01403 272625 to find out more.

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16/12/2022 - Impact Packaging Closed from 4 PM today

Impact Specialist Finance has closed early for our company Christmas party!

Offices will be closed from 4pm today and will reopen as normal from 9am Monday.

Thank you

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15/12/2022 - Family BS: Launch new fixed rates

Family Building Society has replaced the majority of its current discounted variable rate mortgage products and launched new fixed rates.

Owner Occupier fixed rates:

• Core range repayment five year fixed rates starting at 5.54%
• JMSO repayment five year fixed rates starting at 5.64%
• Family Mortgage five year fixed at 5.69%
• Interest-Only five year fixed rate at 5.99% for 60% LTV maximum
• Retirement Interest-Only at 5.99% for 50% LTV maximum

Buy to Let fixed rates:

• Five year fixed rates for UK Landlords starting at 6.39%
• Five year fixed rates for Limited Company SPVs starting at 6.54%

Call the impact team today on 01403 272625 to find out more

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06/12/2022 - Dudley BS Launch 85% LTV ExPat Semi-Exclusive

For UK citizens living abroad, the Dudley Building Society offers a Semi-Exclusive ExPat Mortgage. Whether they are buying a residential property with the option of returning to the UK in the short to medium term, Dudley BS can help.

Product Highlights:

• 5.99% Interest Rate (Representing a 1.00% discount off their RESI SVR, 6.99%)
• Available for Purchase and Remortgage
• Minimum/Maximum loan: 25,000/1,500,000
• Maximum LTV 85% (including arrangement fee)
• Arrangement Fee 750, Application Fee 125
• Early Repayment Charge (ERC): 1% in the first year, 0.5% in years two and three
• Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge
• Restrictions: This mortgage must be repaid on a capital & interest basis or interest only. Please note that interest only mortgages are capped at 75% LTV.

Call the impact team today on 01403 272625 to find out more.

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30/11/2022 - Landbay reduces 2-year fixes by 0.40%

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29/11/2022 - TML launch BTL tracker product

The Mortgage Lender has launched a new BTL tracker which tracks bank base rate plus an additional 1.86%, giving it an initial rate of 4.86%. It then reverts to bank base rate plus 4.96% after two years.

The tracker is available up to 75% LTV, has an application fee of 150 and a completion fee of 2%. An ERC charge of 2% and 1% respectively apply for the first two years.

Call impact on 01403 272625 to find out more.

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28/11/2022 - UTB launch Limited Edition BTL products

United Trust Bank has released the following Limited Edition BTL products.

• 2 Year Standard Fixed Rates from 5.29%
• 5 Year Standard Fixed Rates from 6.19%
• 2 Year Specialist Fixed Rates from 5.29%
• 5 Year Specialist Fixed Rates from 6.19%
• 2 Year Non-standard Fixed Rates from 5.79%
• 5 Year Non-standard Fixed Rates from 6.39%
• Loan size from 50k
• Max LTV: 80%   
• Product fee: 4%

Call impact on 01403 272625 to find out more.

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24/11/2022 - Kensington release new rates

Kensington has release new rates and launched new Residential Special Edition products: 

• Residential Select Special: 5 years fixed, 70% LTV, 6.25%, 999 fee
• Residential Core Special: 5 years fixed, 70% LTV, 6.65%, 999 fee
• Residential Resi 6 Special: 5 years fixed, 70% LTV, 7.29%, 999 fee

Note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80% with 500k maximum loan size and no free legals apply. 

Call impact on 01403 272625 to find out more.

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23/11/2022 - Vida cuts RESI and BTL rates

Vida Homeloans has reduced the rates on its fixed rate residential and buy-to-let ranges across all tiers by up to 1.2%.

RESI products are now available at 80% LTV, up from 75%. The best rate available is the Vida 48, a 5-year fixed rate at 70% LTV at a rate of 6.49%. 70% and 80% LTV options are available across tiers Vida 48 - Vida 6. A 995 product fee can be added to the loan above the maximum LTV, variable products are also available.

BTL range is available up to 80% LTV. The best rate is the Vida 48, a 5-year fixed term product at 80% LTV, at 6.29%. A 2% product fee can be added to the loan above the maximum LTV. The fixed rate products are available for HMO/MUBs and expats, variable products are also available.

Call the impact team today on 01403 272625 to find out more.

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22/11/2022 - Landbay cuts 5-year fixed rates

Landbay has reduced rates on all its 5-year fixed rate mortgages by up to 0.30% and added two new products to its variable fee range.

• Standard 5-year products up to 75% LTV now start at 5.99% with a 4% fee, the 6.19% rate has a fee of 3% and at 6.39% the fee is 2%.
• Standard 5-year fixes up to 65% LTV, the product with the 2% fee has a rate of 6.29%, the 3% fee is 6.09% and a new 4% fee option has been added with a 5.89% rate.
• Green Standard 5-year fixed rate products, have been reduced by 0.20% and come with a 2% fee. The 65% LTV product has a rate of 6.19% while the 75% LTV is set at 6.29%. 
• For landlords with small houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB), comprising of up to six bedrooms/units, there are five-year fixed rates up to 75% LTV. The current product with a 2% fee has been reduced by 0.20% to 6.59% and a new option that carries a 3% fee has been introduced at 6.39%. There is also a 0.20% rate reduction to 6.69% on large HMO/MUFB, up to 12 bedrooms/units, with a maximum 75% LTV.
• Trading companies also benefit from 75% LTV 5-year fixed rate reductions with standard property down by 0.30% to 6.49% and small HMO/MUFB rates reduced by 0.20% to 6.69%.

Call the impact team today on 01403 272625 to find out more.

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15/11/2022 - Bluestone: LIMITED TIME ONLY

Bluestone is excited to announce their latest product enhancement is now LIVE. For a limited time only, there will be one free valuation on their variable products for applications submitted on or after the 15th of November.

Please note, the free valuation will not show on your ESIS at DIP. You can request a new ESIS to reflect the free valuation at Underwrite.

Call the impact team today on 01403 272625 to find out more.

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14/11/2022 - Shawbrook: Changes to BTL and Commercial

Shawbrook Bank are writing to inform you that they have made some adjustments to their Buy to Let and Commercial Investment products effective from Tuesday 15th November 2022.

Buy to Let

• Maximum 70 LTV
• Minimum loan size remains at 40K

Commercial Investment

• Commercial Investment maximum 60 LTV and Semi Commercial at 65 LTV
• Minimum loan size has increased to 1M

Call the impact team today on 01403 272625 to find out more.

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14/11/2022 - UTB: Residential Update

Please find the below changes from UTB, which will take effect on Monday 14th November.

Residential First Mortgage Update
1 to 2 Status Plans

• Non ERC products removed
• All product price bands now to 70 LTV
• Max 4.5 LTI to 70 LTV

0 Status Plans:

• Max 5.0 LTI ti 85 LTV

UTB will honour the pipeline of old products, providing a mortgage offer is issued on or before 31 December.

Call the impact team today on 01403 272625 to find out more.

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11/11/2022 - Precise: New Limited Edition BTL

Precise Mortgages new limited edition range of buy to let mortgages features 2 and 5 year fixed rates up to 75 LTV. Their limited edition buy to let products feature options for personal ownership and limited company landlords.

Fixed Rates:

• 2 Year fixed rates at 5.19
• 5 Year fixed rates at 5.44

Highlights:

• Top Slicing: 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 or value held with other lenders
• 5 Year fixed: Affordability assessed at pay rate
• Limited company landlords: No limit the number of director dependant shareholders under the age of 21

Call the impact team today on 01403 272625 to find out more.

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10/11/2022 - Bluestone: Reduced Rates

Great news, Bluestones rates have been reduced today by up to 80bps across selected fixed rate products to provide further support to a growing number of customers with complex credit.

Rates will start from:

• Variable product range: 6.60
• 3 Year fixed product range: 7.69
• 5 Year fixed product range: 7.65

These rates will be available for all fully submitted applications from today, 10th of November 2022. The sourcing systems are processing this update and the new rates are now live in Bluelink.

Call the impact team today on 01403 272625 to find out more.

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09/11/2022 - Saffron: Relaunch Products

Saffron is pleased to continue their relaunch back into the market with the launch of their specialist Self Employed and Contractor variable rate products. These products launched today, Wednesday 9th November 2022.

You can find all the product information below:

• Self Employed: Initial Rate 3.59 SVR 2.9, 2 Years term, 60 LTV, 499 Lender Arrangement Fee, Product Code DR0954
• Self Employed: Initial Rate 3.89 SVR 2.6, 2 Years term, 80 LTV, 499 Lender Arrangement Fee, Product Code DR0955
• Self Employed: Initial Rate 4.59 SVR 1.9, 2 Years term, 90 LTV, 499 Lender Arrangement Fee, Product Code DR0956
• Contractor: Initial Rate 3.49 SVR 3, 2 Years term, 60 LTV, 499 Lender Arrangement Fee, Product Code DR0959
• Contractor: Initial Rate 3.79 SVR 2.7, 2 Years term, 80 LTV, 499 Lender Arrangement Fee, Product Code DR0960
• Contractor: Initial Rate 4.49 SVR 2, 2 Years term, 90 LTV, 499 Lender Arrangement Fee, Product Code DR0961

Call the impact team today on 01403 272625 to find out more.

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07/11/2022 - Pepper: Product Range Changes

Pepper Money are making a few changes to their product range and these changes will be implemented overnight on Tuesday 8th November.

This latest update will simplify their range by withdrawing the 0 arrangement fee products. They are not making any other rate changes.

Pepper will be writing to all their registered brokers today to inform them that to secure one of their existing products, they should ensure that they have an agreed Decision in Principle submitted to DIP Illustration Produced status by 5 pm on Tuesday 8th November, with the chosen product selected.

The Full Mortgage Applications for those cases must then be submitted with fees paid by midnight on Thursday 10th November. Pepper Money regrets 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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07/11/2022 - MT Finance: Reduced BTL Rates

As swap rates continue to fall, MT Finance are finally seeing their rates also starting to reduce accordingly which is great news and all heading in the right direction.

Whilst they appreciate that is it tough in the specialist BTL marketplace at the moment, they are keeping their ICR at 125 per cent wherever possible to help your clients.

MT Finance appreciates the feedback that many are experiencing problems with down valuations so if have concerns regarding a case they will happily speak to the valuer on your behalf prior to instruction wherever possible.

Call the impact team today on 01403 272625 to find out more.

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07/11/2022 - Shawbrook Bank: Base Rate Update

Following the announcement of the increase to the Bank of England Base Rate, Shawbrook Bank can confirm that Shawbrook Base Rate has increased to 3 per cent, as of 4 November 2022.

Their Buy to Let and Commercial Investment variable rates have been impacted.

Call the impact team today on 01403 272625 to find out more.

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07/11/2022 - Kensington: Product Update

As of the close of business Tuesday 8th November, Kensington Mortgages will be repricing some Residential and BTL products. These include Residential 5 year fixed rate 75,80,85 LTV products, Residential 2 year fixed rate 75 LTV products and BTL 5 fixed rate 75,80 LTV products. Full details regarding pricing will be available when the products are launched on Wednesday morning.

Kensington has also launched 2 new BTL Special Edition products available now.

• 2 years, 75 LTV, 6.34, 1,999 fee
• 2 years,  75 LTV, 6.84, no fee, free valuation and free legal incentives available

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured a current rate. Please see the submission deadlines below:

• The decision in Principle Illustation produced AND the Mortgage Application commenced by 5 pm Tuesday 8th November.
• Full Mortgage Application submitted by 5 pm on Monday 14th November.

Please note, for applications from Northern Ireland, are subject to product availability, maximum LTV is 80 with a 500k maximum loan size and no free legals.

Call the impact team today on 01403 272625 to find out more.

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04/11/2022 - Foundation: Product Withdrawal Notice

On Monday 7th November 2022, at 5:30 pm, Foundation Home Loans will be withdrawing some residential rates. They will not be replacing these rates. The withdrawal includes:

• 85 LTV F1 and F2 Core Discount Products
• 85 LTV F1 Professionals Discount Products
• 85 LTV F2 Core 2 year fixed
• 80 LTV F3 Fixed Rate products

Any DIPs on the current products will need to be submitted by 5:30 pm on Monday 7th November 2022, which will secure the product for 3 working days until 5:30 pm on Thursday 10th November 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Thursday 10th November 2022.

DIPs relating to these current products which have not been converted to FMA and submitted by 5:30 pm on Thursday 10th November 2022 will no longer be valid.

• All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.
• FMAs which do not have their Application fee or Valuation fee paid by 5:30 pm on the 3rd working day after submission will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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03/11/2022 - Quantum: New Rates from 4.94

Quantum Mortgages has announced new rates and the return of switch to fix is back. With rates from 4.94.

After completing a mortgage on any tracker product, the customer has the choice of switching to a fixed product up to 2 years after completion. They can choose a fixed product from the product range availale at that time, it will be loaded by 0.25bps but there will be no product fee and no ERC.

Highlights

• Reduced their Lifetime Tracker rates to allow for an increase in the BoE base rate on Thursday 3rd November.
• Reduced the 2 year discounted tracker rates
• Reduced the ERCs on the 2 year discounted product
• Expanded the 2 year discounted product to include the Specialist and Expat and Foreign National Range
• Introduced a new 1 year discounted tracker product across the entire range

Call the impact team today on 01403 272625 to find out more.

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02/11/2022 - Fleet: Tracker Rate Changes

Fleet Mortgages are making some changes to their Tracker Products.

As you are already aware, the Bank of England is likely to announce an increase to BBR on Thursday 3rd November.

As a result of this widely anticipated increase, Fleet Mortgages will be withdrawing all their Tracker products at 5 pm on Thursday 3rd November 2022, and releasing new Tracker products on Friday morning. The new Tracker products will have different rental calculations which will impact the maximum loans available.

Please note: These changes affect their Tracker products only. Their fixed rate products are not being withdrawn or altered at this time.

They will share further details of their new Tracker products with you after 12:00 pm noon on Thursday 3rd November.

Call the impact team today on 01403 272625 to find out more.

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01/11/2022 - Kent Reliance: BTL and RESI Withdrawal

Kent Reliance wants to let you know that they are withdrawing their existing buy to let and residential mortgage products from 5 pm on Wednesday 2nd November 2022.

A new range of buy to let and residential products will be available on their website from 9 am on Thursday 3 November 2022.

Call the impact team today on 01403 272625 to find out more.

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01/11/2022 - Precise: Withdrawal of BTL and RESI

Precise Mortgages are withdrawing their existing residential and buy to let mortgage ranges. A full new range of products will be available on their website from 9 am on Thursday 3 November.

Call the impact team today on 01403 272625 to find out more.

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01/11/2022 - Saffron: Back in the market

As you know, Saffron paused accepting most new business to catch up with the strong demand they experienced over the summer. They understand the frustration this has caused and are very grateful for the patience you have shown the team during this very busy period. Their reputation is based on trust and transparency with brokers, and promise they have taken on board all your feedback over the last few months.

Today, they are pleased to share three pieces of good news as they enter the final sprint before Christmas:

1. Their gradual return to the new business market
2. An extension to their Self Build promotion

They are back in the market and ready to help you:
First and foremost, they can confirm a number of products are now open for new business applications. These include a new 80 LTV Owner Occupier discount product, as well as their popular Second Home, Lending into Retirement and RIO products.

More products will be relaunched very soon, but they are taking a deliberate phased approach so they can closely monitor demand and ensure service levels remain stable.

Self Build: the sale continues
Saffrons Self Build Summer Sale has been amazingly popular, offering no application fee and 50 per cent of the usual product fee. They are extending this promotional pricing to the end of the year, something which they know will be popular with brokers and their clients alike.

Call the impact team today on 01403 272625 to find out more.

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31/10/2022 - TML: Help to Buy Product Withdrawal

The Mortgage Lenders Help to Buy Residential range will be withdrawn to allow applicants to proceed and complete in line with the Government Scheme withdrawal deadline, today, 31st October 2022.

Any cases in the pipeline need to be fully submitted with fees paid by the close of business on Monday 31st October. Applications submitted after this date will be offered on the core residential range and will not qualify for Help to Buy products.

Call the impact team today on 01403 272625 to find out more.

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31/10/2022 - Shawbrook: Lending Criteria Changes

Following on from Shawbrooks recent criteria update, they have had to make some further adjustments to their lending criteria. These changes reflect risk appetite adjustments in the current market, however, they will continue to review these changes as they remain committed to lending to your customers. These changes include:

Valuations: Demand for Letting:

Rental Demand Timescales:
0 to 3 Months: Maximum 75 LTV Interest Only, unless stated differently by asset type
3 to 6 Months: UW to consider the case and reduce the LTV by 5 to 70 per cent
6 Plus Months: UW to give further consideration to the case and in most circumstances decline the deal

Outside Income: This is no longer acceptable to support an Application in England and Wales
Portfolio Assessment: Outside portfolio will now be stressed at 8.5 per cent with a 100 per cent cover required. The E tech portfolio system has been updated to apply this new stress rate.

Bridging:

• Exit to term: When Exit is to term Shawbrook will apply a 7 per cent repayment rate to accommodate any potential interest rate rises during the term of the loan.
• 85 per cent LFC product: The Deposit, a minimum of 12 per cent must come from the Client own cash resources for which they will require proof
• Development Finance Exit: Shawbrook will need to see a contract of sale or exchange for properties within the site. They will also be applying the revised letting criteria highlighted above

Scotland Lending, New Legislation:

• Capped Rents: Rising interest rates for mortgage products are being partially offset by rental growth in the current market. However, this is removed in Scotland whilst rents are capped. If the current period is extended, landlords may find passing rent no longer meets debt servicing requirements for a new product at a higher interest rate. They will consider outside sources of income for borrowers who are able to feasibly meet mortgage payments in the event of a longer 3 month void period.

Call the impact team today on 01403 272625 to find out more.

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31/10/2022 - Kensington: Product Update

Please be aware that Kensington product guides have been updated, see the guides below for full details. They are also pleased to announce the launch of two new special edition products live today.

• Resi Select Special Edition: 5 year, 75 LTV, 6.65, 999 fee
• Resi Select Special Edition: 5 year, 75 LTV,  6.79, no fee, plus  incentives
• BTL Special Edition: 5 year, 75 LTV, 6.44, 1,999 fee

Due to volatility, market rates are liable to change but they will endeavour to provide as much notice as possible when required. Just as a reminder, when submission deadlines are communicated to ensure your current rate is secured, you must have commenced to the Additional Applicant Details page of the Full Mortgage Application. Only then will the selected rate be secured. You then have a further 6 days to get the full application submitted.

Kensington average app to offer is 13 working days, and they have maintained their day 1 turnaround on all new applications3 and documents for the whole of 2022.

Please note, for applications from Northern Ireland, these are subject to product availability, the maximum LTV is 80 with a maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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27/10/2022 - Family BS: Increasing Rates Notice

From 14 November 2022, Family Building Society will be increasing their Managed Mortgage Rates by 0.50 per cent.

All on sale discounted variable product rates will increase in line with these changes. Increases apply to both their Owner Occupier and Buy to Let products.

Their discounted variable product details, and all representative examples displayed on their website, have been updated today to reflect these higher Managed Mortgage Rates.

All their Affordability and Buy to Let stress calculations will be updated on 1 November 2022 to reflect the new rates.

Call the impact team today on 01403 272625 to find out more.

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27/10/2022 - Foundation: New BTL Pricing

As of today, Thursday 27th October, Foundation Home Loans have made changes to their buy to let products for purchase and remortgage.

The new buy to let range includes:

• 2 year ERC Free Discounted Variable rate buy to let products starting at 5.99
• 5 year fixed rates across the F1 to F3 tiers
• 5 year fixed Green ABC plus with one free valuation and no application fee

Why use Foundation for your next BTL case
Who for

• 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 are considered individuals or limited companies

How much

• Up to 85 LTV and loans up to 2M on the core range
• ICR of 125 per cent 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

What for

• 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 1remortgages
• Products without ERCs
• Range of Green Products for properties with EPC rating A to C

Call the impact team today on 01403 272625 to find out more.

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27/10/2022 - Vida: Product Change Notification

Vida Homeloans will be withdrawing all 85 LTV Residential products withdrawn at the close of business Thursday 27th October, they apologise for the short notice.

Transition arrangements
 
New Business
Both Decisions in Principle, with the product, selected, and for any 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 6.00 pm, Thursday 27th October.

Call the impact team today on 01403 272625 to find out more.

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26/10/2022 - TML: Withdrawal of HTB

With effect from close of business, Monday, 31st October 2022. The Mortgage Lender will be withdrawing their full residential Help to Buy product range due to the scheme closure. This would be the deadline for the submission of any mortgage applications. This is the only change to residential products.

Call the impact team today on 01403 272625 to find out more.

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26/10/2022 - Kensington: Product Update

As of the close of business Thursday 27th October, Kensington will be withdrawing their Residential Core 90 LTV products. Please note, their Residential select 90 LTV rates will still be available.

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured a current rate. Please see the submission deadlines below:

• A decision in Principle Illustration was produced AND the Mortgage Application commenced by 5 pm, Thursday 27th October.
• Full Mortgage Application submitted by 5 pm on Wednesday 2nd November.

Please note for applications from Northern Ireland, are subject to product availability, maximum LTV is 80 per cent 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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25/10/2022 - Vida: New Fixed Rates

Vida Homeloans has recently launched some new Buy to Let and Residential products, now available on their portal.

Residential:
Variable Rate

• 2 year variable rate products
• 75 and 85 LTV options across tiers Vida 48 to Vida 6
• No ERCs
• Minimum Loan 75k, Maximum Loan 2M

Fixed Rate

• 2 and 5 year fixed rate products
• 75 and 85 LTV options across tiers Vida 48 to Vida 6
• Minimum Loan B#75k, Maximum Loan 2M

Buy to Let:
Variable Rate

• 2 year variable rate products
• No ERCs
• 80 LTV with HMO and or MUB options, available on all tiers
• Expats available up to 75 LTV

Fixed Rate

• 2 year and 5 year fixed rate products
• 80 LTV with HMO or MUB options, available on all tiers
• Expats available up to 75 LTV

All the above products can be coupled with their specialist criteria to help your customers get life moving.

• Impaired and improving credit: defaults and CCJs considered
• First Time Buyers
• Self employed and contractors: 48x weekly rate
• Specialist properties: ex public sector, New Build, Flats above and or adjacent commercial, high rise up to 20 floors considered

Call the impact team today on 01403 272625 to find out more.

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25/10/2022 - Foundation: BTL Withdrawal Notice

On Wednesday 26th October 2022, at 5:30 pm, Foundation Home Loans will be withdrawing all buy to let rates and replacing them with a new range on Thursday 27th October 2022.

Any DIPs on the current products will need to be submitted by 5:30 pm on Wednesday the 26th of October, which will secure the product for 3 working days until 5:30 pm on Monday 31st of October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Monday 31st October.

DIPs relating to these current products which have not been converted to FMA and submitted by 5:30 pm on Monday 31st October will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.

Call the impact team today on 01403 272625 to find out more.

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25/10/2022 - Foundation: Pricing Launch

As of today, Tuesday 25th October, Foundation Home Loans have made changes to their residential products for purchase and remortgage.

The new residential range includes:

• 2 year ERC FREE Discounted Variable rate residential products starting at 5.99
• 2 year and 5 year fixed rates across the F1 to F4 tiers
• Fee assisted 5 year fixed rates at 75 LTV
• Professionals and Residential Green products with a free valuation

Reasons to use Foundation for your next specialist residential case:
Who for:

• Self employed: Directors, partners and contractors, retained profits considered
• Employed: No minimum term in current job, minimum 3 months employed
• Clients with multiple and unusual income sources
• Holders of credit blips and or lower credit scores
• First time buyers
• Eligible Professionals looking for up to 6 x income

How much:

• Maximum loan 2M
• Maximum term 40 years
• Maximum age 75 at end of term
• No minimum income
• Maximum number of applicants is 4, immediate family

What for:

• Capital and repayment mortgages up to 90 LTV
• Interest only, affordability calculated on an interest only basis up to 70 LTV
• Capital raising for buy to let purchase accepted
• A part and part mortgage up to 80 LTV

Call the impact team today on 01403 272625 to find out more.

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24/10/2022 - Pepper: Withdrawal Notice

Pepper Money will be withdrawing their Buy to Let ranges and Pepper 48 Residential products.

At Pepper Money, their mission is to help customers whose circumstances are not adequately served by the high street, they are committed to a long term vision, and to achieve this they are taking a sustainable approach to growth. This requires us to be responsive to the wider, currently uncertain environment, and where there is volatility, adjust their products appropriately.

Just as they supported brokers through the Covid pandemic, they continue to lend and maintain their exceptional service standards, they are committed to supporting brokers through this period with mortgages that are developed and underwritten to meet the needs of customers.

If you have any customers wishing to take advantage of their current range, please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected, by 5pm on Tuesday 25th October.

All Full Mortgage Applications for their current range must be fully submitted, with upfront fees paid, by 5pm on Thursday 27th October.

Call the impact team today on 01403 272625 to find out more.

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24/10/2022 - Foundation: Withdrawal Notice

On Monday 24th October 2022 at 5:30 pm, Foundation will be withdrawing all residential rates and replacing them with a new range on Tuesday 25th October 2022.

Any DIPs on the current products will need to be submitted by 5:30 pm on Monday 24th October, which will secure the product for 3 working days until 5:30 pm on Thursday 27th October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Thursday 27th October.

DIPs relating to these current products which have not been converted to FMA and submitted by 5:30 pm on Tuesday 27th October will no longer be valid.

All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.

FMAs which do not have their Application fee or Valuation fee paid by 5:30 pm on the 3rd working day after submission will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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24/10/2022 - Landay: Launch 5 Year Fixed

Landbay has launched a range of 5 year fixed rate buy to let products with variable fee options which will help cater for challenging rental calculations.

The recent rise in mortgage rates across the whole of the industry leaves some buy to let borrowers, particularly those remortgaging, unable to meet the interest cover ratio ICR requirements stipulated by the Prudential Regulatory Authority.

In order to help these borrowers meet the ICR, Landbays new range comes with a variety of product fee options, which enabled the lender to offer lower interest rates.

The new range consists of three standard 5 year fixed rate products up to 75 LTV starting at 6.49.

Catering for small HMOs and MUBs of up to 6 beds and units, Landbays 5 year fixed rate starts at 6.99, while large HMOs and MUFBs, for up to 12 beds and units, start at 7.09.

This new range will sit alongside Landbays existing one and two year fixed rate products and tracker mortgages.

Call the impact team today on 01403 272625 to find out more.

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21/10/2022 - Vida: New Fixed Rate

Following Vidas recent Variable product launch, they are pleased to inform you that they will be relaunching their Fixed Rate products on Tuesday, 25th October.

Residential

• 2 and 5 year fixed
• 75 and 85 LTV options across tiers Vida 48 to Vida 6

Buy to Let

• 2 and 5 year fixed
• 80 LTV with HMO or MUB options, available on all tiers
• Expats available up to 75 LTV

The products will be available on their website and portal on Tuesday 25th October. 

Call the impact team today on 01403 272625 to find out more.

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21/10/2022 - TML: Changes to BTL products

The Mortgage Lender has launched two new Limited Edition Buy to Let 5 year fixed products on Friday 21st October 2022. These products come with one free standard valuation and 0 application fee.

• 65 LTV, initial rate 6.25 with a 2 per cent completion fee
• 75 LTV, initial rate 6.45 with a 2 per cent completion fee

The products are available for a limited tranche only.

In addition, they will be:

• Reducing their standard minimum loan across the range to 100k
• Increasing the maximum loan on their 2,495 completion fee product to 500k

Applications must be submitted with fees paid in order to secure product rates.

Due to the ongoing volatility in the market, their products are subject to reprice or withdrawal at any time.

Call the impact team today on 01403 272625 to find out more.

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21/10/2022 - Together: Commercial Changes

Together has released product changes today, 21st October 2022, to their Commercial Finance product range. 

Summary of changes:

• A simplification to their product range
• Removed their 50 LTV banding, and have two LTV bandings to: 65 LTV and 75 LTV
• A reduction to bridging rates within these new LTV bandings of 10bps

Buy to Let:

• Return to market with BTL and HoBL 5 year fixed rates as follows:
• Specialist BTL 1st Charge 8.75 per cent
• Flexi BTL 1st Charge, up to 3 demerits and Expat, Foreign Nationals at 10.25 per cent
• Specialist BTL 2nd Charge 9.75 per cent
• Flexi BTL 2nd Charge, up to 3 demerits and Expat, Foreign Nationals  at 11.25 per cent
• Home Owner Business Loan 1st and 2nd charge 9.75 per cent
• Home Owner Business Loan 1st and 2nd charge Flexi, up to 3 demerits at 11.25 per cent
• No changes to variable products

Commercial Term:

• No changes. Variable products only

A reminder of funding deadlines
Following Togethers previous changes to the Commercial Finance product range on 28th September 2022, they wanted to remind you that all valid pipeline applications on rates between 19 August and 27 September need to be complete by Friday 28th October.

Call the impact team today on 01403 272625 to find out more.

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21/10/2022 - Together: 5 Year Fixed Release

Together has released new 5 year fixed rates on their Personal Finance product range today, Friday 21st October 2022. 

Personal Finance Update Summary:

• The reintroduction of 5 year fixed rates
• 1st Charge 5 year fixed rates from 8.75 per cent
• 2nd Charge 5 year fixed rates from 9.35 per cent

Call the impact team today on 01403 272625 to find out more.

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21/10/2022 - Kensington: Product Update

Please be aware that Kensington Mortgages product guides have been updated with new rates. See below for details.

Please also be aware that they have made some changes to their Residential 90 LTV Select and Core products criteria.

Residential Select 90 LTV products:

• Maximum loan size available now 750k
• No Interest Only elements available

Residential Core 90 LTV products:

• Maximum loan size available now 350k
• No Interest Only elements available

Please note, for applications from Northern Ireland, these are subject to availability, 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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20/10/2022 - Foundation: Product Launch

As of today, Thursday 20th October 2022, Foundation Home Loans have made changes to their Residential and Buy to Let products for purchase and remortgage.

The changes to the range include:

• New buy to let range
• New residential range
• New increased loan size on the buy to let range, now 1.5M at 75 LTV

Foundation have also made increases of between 0.3 and 0.95 per cent across both the buy to let and residential ranges.

They have streamlined the range but continue to offer products in each tier for residential and buy to let, as well as in each of their buy to let specialist areas, HMO, MUB, short term let and Green.

Foundation also continues to offer a full range of sub 5.5 per cent discount products without early repayment charges in their buy to let range.

Call the impact team today on 01403 272625 to find out more.

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19/10/2022 - Kensington: Product Notice

As of the close of business Thursday 20th October, Kensington Mortgages will be repricing all Residential and Buy to Let products, excluding Flexi Fixed for Term. Full details will be available when the products are launched on Friday morning.

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured a current rate. Please see the submission deadlines below:

• A decision in Principle Illustration produced AND the Mortgage Application commenced by 5 pm Thursday 20th October.
• Full Mortgage Application submitted by 5 pm on Wednesday 26th October.

Please note, applications from Northern Ireland, are subject to product availability, maximum LTV is 80 with a 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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18/10/2022 - Shawbrook: Product Notice

Shawbrook Bank are writing to inform you that they are making some changes to their Buy to Let, Commercial and Semi Commercial products. The following changes will be effective from Wednesday 19 October 2022.

New Pricing for Digital Products
To enable Shawbrook to continue to support a wide range of customers with their award winning digital Buy to Let proposition, they are introducing a new price point for loans under 150k. Loans for their digital products will start from 6.74.

Fixed Rate Changes

• Increases to their fixed rates across their Specialist Buy to Let products, now starting from 6.40
• Increases to their fixed rates across their Commercial and Semi Commercial products, now starting from 6.69

Lending Criteria Changes
They will also be temporarily removing wholly Retail Property as acceptable security across their Commercial Investment offering. They will still consider Semi Commercial property or multi unit properties where there is an element of retail in the asset.

These changes reflect the need to make sensible risk appetite adjustments in this fast moving market. It is important to Shawbrook that they provide you and your clients with clarity, and they are committed to remaining transparent and supportive during this period of change.

Please note that existing pipeline cases will not be impacted.
Pipeline: All cases where at least an IMO has been issued, that is less than 14 days old, before 5:30 pm on Tuesday 18 October will be honoured on the existing rates. Howver, if there is no change in case status within 14 days of the IMO being issued, the case will have to proceed on the new rates, if applicable.

Please refer to the following for product pricing which will be live from tomorrow:

Buy to Let, Digital Products for straightforward cases:

• Loans from 40k to 25M
• Non Portfolio: Customers with three or less mortgaged BTL properties.
• Portfolio: Customers with four or more mortgaged BTL properties.
• Max 75 LTV
• 5 Year fixed rates from 6.74

Buy to Let, Specialist Products for complex cases:

• Loans from 40k to 25M
• Maximum 75 LTV
• Variable rates from 5.64
• 3 Year fixed rates from 6.40
• 5 Year fixed rates from 6.40

Commercial Investment:

• Loans from 50k to 25M
• Loan to value up to 75 LTV of vacant possession or market value
• Variable rate from 6.99
• 3 Year fixed rates from 6.99
• 5 Year fixed rates from 6.99

Semi Commercial:

• Loans from 50k to 25M
• Loan to value up to 75 LTV of vacant possession or market value
• Variable rate from 6.29
• 3 Year fixed rates from 6.69
• 5 Year fixed rates from 6.69

Call the impact team today on 01403 272625 to find out more.

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18/10/2022 - Foundation: Product Withdrawal Notice

On Wednesday 19th October 2022 at 5:30 pm, Foundation Home Loans will be withdrawing all residential and buy to let rates and replacing them with a new range on Thursday 20th October 2022.

Any DIPs on the current products will need to be submitted by 5:30 pm on Wednesday 19th October, which will secure the product for 3 working days until 5:30 pm on Monday 24th October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Monday 24th October.

• DIPs relating to these current products which have not been converted to FMA and submitted by 5:30 pm on Monday 24th October will no longer be valid.
• All Application fees and Valuation fees must be paid within 5 working days of the submission of a Full Mortgage Application.
• FMAs which do not have their Application fee or Valuation fee paid by 5:30 pm on the 5th working day after submission will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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17/10/2022 - Castle Trust: Amendments to Bridging

Castle Trust Bank will be repricing its current short term products and scaling back the LTVs from today. They have updated their Bridging Guide with key changes highlighted below:

• Current pipeline needs to complete by the end of November 2022
• Light Refurbishment Bridge: revised rate will be 0.87 per cent and 75 LTV, the exit strategy must be let
• Heavy Refurbishment Bridge: revised rate will be 0.92 per cent and 75 LTV, the exit strategy must be let
• Heavy Refurbishment Bridge exclusive: revised rate will be 0.95 per cent and 80 LTV if the exit is to let
• Heavy Refurbishment Bridge exclusive: revised rate will be 1.00 per cent and 80 LTV if the exit is to sell

Castle Trust currently does not have a date for their return to accepting new Buy to Let business but are keen to update you nearer the time.

Call the impact team today on 01403 272625 to find out more.

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17/10/2022 - MT Finance: Buy to Let Update

MT Finance has updated their Buy to Let product range. Here are some key USPS below:

• Affordability: 125 per cent across all tax brackets
• FTB, FTL: Only on standard or single AST properties
• Adverse criteria: Allow up to 2 missed secured or unsecured payments
• Floor area: 28 sqm
• Small HMO: UP to 80 LTV
• Large HMO: Up to 75 LTV
• Holiday lets: No holiday let planning or usage restriction. Rental will be calculated on a standard AST basis
• Expat: Max 65 LTV. Residency in EEA or FATF member countries only
• Ex Local: 70 LTV Max. Balcony and Deck access acceptable subject to valuers comments
• Flats above or adjacent to commercial: Subjust to valuers comments where they confirm this will not negatively impact the sale or rentability
• Semi Commercial: 40 max commercial, based on a Buy to Let product rather than a commercial product. Also base lending solely off the residential value and rental in terms of LTV and ICR coverage

Call the impact team today on 01403 272625 to find out more.

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14/10/2022 - Kensington: Product Update

Please be aware that Kensington Mortgages has updated their Residential product guide with new Flexi Fixed for Term pricing. 

Their average app to offer is now just 13 working days, and they have maintained their day 1 turnaround on all new applications and documents for 9 months, the whole of 2022.

Please note, applications from Northern Ireland, are subject to product availability, maximum LTV is 80 with a 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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13/10/2022 - Vida: New RESI and BTL

Vida Homeloans are pleased to inform you that they will launch a range of Residential and Buy to Let 2 year variable rate products on Friday, 14th October.

Residential

1. No ERCs
2. 75 and 85 LTV options across tiers Vida 48 to Vida 6

Buy to Let

• No ERCs
• 80 LTV with HMO, and MUB options, available on all tiers
• Expats available up to 75 LTV

Vida are also reopening their Product Switch portal during the next few days.

Note that the Vida Variable Rate will increase by 0.50 per cent on the 1st of November, leading to a 0.50 per cent increase in the variable product initial rate.

They have also temporarily increased the stress rate they apply to 2 year products to 4 per cent, reducing to 3.5 per cent from the 1st of November.

Call the impact team today on 01403 272625 to find out more.

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12/10/2022 - Kensington: Product Notice

As of the close of business Thursday 13th October, Kensington Mortgages will be repricing all Flexi Fixed For Term products. Full details will be available when the products are launched on Friday morning.

Please note to secure a current Flexi Fixed For Term rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured a current rate. Please see the submission deadlines below:

• Decision in Principle Illustration produced AND the Mortgage Application commenced by 5 pm Thursday 13th October.
• Full Mortgage Application submitted by 5 pm on Wednesday 19th October.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 LTV with a 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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11/10/2022 - Foundation: Launch RESI Products

As of Tuesday 11th October 2022, Foundation Home Loans has made changes to their Residential products for purchase and remortgage. The changes include:

• NEW F1 2 year Special Edition Green ABC plus discount at 4.14 at 65 LTV with 1,495 fee and no ERCs
• NEW F2 2 year Special Edition Green ABC plus discount at 4.44 at 65 LTV with 1,495 fee and no ERCs
• Special Edition Green ABC plus discount products are available for properties with an EPC of A to C 
• Refresh of full core residential range

Call the impact team today on 01403 272625 to find out more.

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10/10/2022 - Fleet Mortgages: Relaunches full BTL

Fleet Mortgages relaunches a full Buy to Let product range on 11th October.

Market volatility remains within Fleet Mortgages however, they are pleased to advise you that they are relaunching a full range of BTL products on Tuesday 11th October. This includes five and seven year fixes, plus new Trackers and Green Mortgage fixed and tracker options.

Key Highlights:

• Reintroduced their 65, 75 and 80 LTV Standard, Limited Company and HMO products
• Reintroduced 75 LTV 7 year Standard, Limited Company and HMO products
• Reduced Tracker rates to 1.75 plus BBR for Standard and Limited Company Tracker products
• Reduced Tracker rate to 2.00 plus BBR for HMO Tracker product
• Introduced 75 LTV Green Tracker products for Standard, Limited Company and HMO products at 10 bps less than non green counterparts, where the subject property has an EPC Rating A, B or C

Fleet Mortgages are introducing a short EPC period on all new Trackers of 2 per cent up to 30th June 2023.

Fleet Mortgages new products range will go live: at 9:00 am, Tuesday 11th October 2022.

Call the impact team today on 01403 272625 to find out more.

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10/10/2022 - MT Finance: Buy to Let Update

MT Finance has updated their Buy to Let product offering today, Monday 10th October 2022. Key USPs below:

• Affordability: 125 per cent across all tax brackets
• FTB, FTL: Only on standard, single AST properties
• Adverse Criteria: Will allow up to 2 missed secured or unsecured payments
• Floor Area: 28sqm
• Small HMO: Up to 80 LTV
• Large HMO: Up to 75 LTV
• Holiday Lets: No holiday let planning or usage restrictions. Rental will be calculated on a standard AST basis
• Expat: Max 65 LTV. Residency in EEA or FATF member countries only
• Ex Local: Max 70 LTV. Balcony and Deck access are acceptable subject to valuers comments
• Flats above, adjacent to commercial: Subject to valuers comments where they confirm this will not negatively impact the sale or reliability
• Semi Commercial: 40 per cent max commercial, based on a BTL product rather than a commercial product. They also base lending solely off the residential value and rental in terms of LTV and ICR coverage.

Call the impact team today on 01403 272625 to find out more.

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07/10/2022 - Foundation: Product Withdrawal Notice

On Monday 10th October 2022 at 5:30 pm, Foundation Home Loans will withdraw all residential rates and replace them with new rates on Tuesday 11th October.

Any DIPs on the current products will need to be submitted by 5:30 pm on Monday 10th October, which will secure the product until 5:30 pm on Monday 17th October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Monday 17th October.

DIPs relating to these current products which have not been converted to FMA and submitted by 5:30 pm on Monday 17th October will no longer be valid.

Please convert existing DIPs to full mortgage application as soon as possible.

Call the impact team today on 01403 272625 to find out more.

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07/10/2022 - TML: Changes to Buy to Let products

TML is making changes to our Buy to Let products including rate changes and some minimum loan adjustments. These changes will come into effect from 5:30pm on Friday 7th October. 

Any applications must be fully submitted with fees paid by this time to secure the current products. Applications submitted after 5.30pm on Friday 7th October will be on the new products.

Pipeline Cases: Where you submit a DIP or application that refers for an underwriting review, they will contact you to discuss proceeding on the original rate applied for once that review is complete and where that DIP/App is approved. Please note, the underwriting review may be after the notice period expires.

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06/10/2022 - Landbay launch fixed rates

Landbay has launched a new range of one and two-year fixed-rate products. These are available for both standard properties and small HMOs and MUFBs.

1 Year-fixed products

• Up to 75% LTV
• Standard 1 Year Fixed from 4.59%
• Small HMO 1 Year Fixed from 4.79%
• Small MUFB 1 Year Fixed from 4.79%

 2 Year-fixed products

• Up to 75% LTV
• Standard 2 Year Fixed from 5.09%
• Small HMO 2 Year Fixed from 5.29%
• Small MUFB 2 Year Fixed from 5.29%

Check out their latest Landbay Product Guide

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06/10/2022 - Bluestone release revised product range

Great news, we have launched a revised product range and will be open for new business again from today.

Due to the volatile market conditions, we have had to conduct a review of our current process. The result of this concluded the need to amend the way we process applications & how we treat any amendments to submitted applications. 

So what does this mean for you?

Submitting a new application

• A mortgage product rate will be secured once we have a fully packaged application
• valuation fee will be taken once the application has been submitted to speed up the overall processing time 

Amending an existing application

• We are unable to accept any mortgage offer extension requests. Please note, our offer validity period is 4 months for standard construction and 6 months for new build cases
• If there is any significant change to an application, i.e. change of property or a material change in circumstances, a new application will be required with a product selected from the range available at that time

Please be aware that we cannot give SLAs on new applications until we have processed the current pipeline.

Download the latest Bluestone Mortgages Product Guide

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06/10/2022 - HTB update on managing application pipeline

We promised to come back to you with a clear steer around how we were going to manage the pipeline of applications.

We will continue to honour cases that have been offered as normal.

For all applications that have had a valuation instructed as of Thursday, 29 September 2022, we will honour the rates selected, subject to the following:

• The case must be fully packaged with all supporting documents uploaded by Thursday, 13 October;
• Once the application is picked up by an Underwriter, the case must have progressed to formal offer within 7 days. The Underwriter will notify you on each case as they pick it up. This means if we ask for further documentation or evidence to support the application, it needs to be returned promptly, and;
• The case must complete by Friday, 30 December 2022

Whilst we appreciate this creates some challenges, we are confident that it also gives enough time to pull together the relevant/requested documents to support the application.

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05/10/2022 - Castle Trust release new business product

As of now, Castle Trust will be accepting New Business on Bridging only until further notice.

• Light Refurbishment up to 80% LTV gross @ 0.82% Exit strategy is Refinance to Let or Sale
• Heavy Refurbishment up to 80% LTV gross @ 0.85% Exit strategy is Refinance to Let
• Exclusive Heavy refurbishment up to 90% LTV gross @ 0.90% Exit strategy is Refinance to Let
• Exclusive Heavy refurbishment up to 90% LTV gross @ 0.95% Exit strategy is Sale

View their latest bridging guides below:

Castle Trust Heavy Refurb Excl (let)
Castle Trust Heavy Refurb Excl (sale)
Castle Trust Bridging Product Guide

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05/10/2022 - Bluestone to return with updated product range

Bluestone will be launching a revised product range and will be open for new business again from Thursday, 6th of October 2022.

What will happen to existing applications?

As a result of the volatile market condition, we have undertaken a review of our product pricing. We are delighted to release an updated product range for new applications. All applications that have not already received a full mortgage offer will need to be moved to our latest product range.

• Any applications that have not been underwritten will need to be cloned and resubmitted at the new rate
• All applications that have been reviewed by an underwriter, but have not received a mortgage offer, will automatically be moved to these new interest rates by our team
• We will contact you to confirm how this impacts your existing applications and verify if your customers would still like to proceed

How will the updated application process affect your new case?

• A mortgage product rate will be secured once we have a fully packaged application
• A valuation fee will be taken once the application has been submitted to speed up the overall processing time

Moving forward, what will happen if you want to amend an existing application?

• We are unable to accept any mortgage offer extension requests. Please note, our offer validity period is 4 months for standard & 6 months for new build cases
• If there is any significant change to an application, i.e. change of property or change of financials etc., a new application will be required with a product selected from the range available at that time

Please be aware that we cannot give SLAs on new applications until we have processed the current pipeline.

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05/10/2022 - Kensington launch RESI Special editions

Kensington has today launched some new special edition Residential products:

• Resi Special Edition 5 year, 75% LTV, 7.40%, 999 fee
• Resi Special Edition 5 year, 75% LTV, 7.54%, no fee, free valuation
• Resi Special Edition Remortgage 5 year, 75% LTV, 7.54%, no fee, free valuation & free legals or free valuation & 250 cashback
  

To view the new special edition products, please see the below product guide:

Kensington Residential Product Guide

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04/10/2022 - InterBay reintroduce product rage

InterBay has relaunched commercial, semi-commercial and buy to let products.

Please refer to the product guide below for further details. 

InterBay Commercial Product Guide

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04/10/2022 - Kensington release new products

Please be aware that our product guides have been updated with a wider range of products now available. View below:

Kensington Residential Product Guide
Kensington BTL Product Guide

Due to volatility market rates are liable to change but we will endeavour to provide as much notice as possible when required. 

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04/10/2022 - Kent reintroduce BTL & RESI products

Kent Reliance has reintroduced a range of buy to let and residential products. Please refer to each product guide below for further details. 

Kent Reliance RESI Products
Kent Reliance BTL Products

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04/10/2022 - Precise reintroduce BTL & RESI products

Precise has reintroduced a range of buy to let and residential products. Please refer to each product guide below for further details. 

Precise Residential Product Guide
Precise BTL Product Guide
Precise Specialist BTL Product Guide

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04/10/2022 - Family announce switch promise

LIMITED TIME PRODUCT SWITCH PROMISE FOR NEW AND EXISTING CLIENTS

We are acutely aware that many borrowers are seeking the certainty of being able to fix their mortgage payment. As we unfortunately cannot currently price fixed rates sensibly in such a volatile market, we will be introducing a new short term initiative alongside our discount product rates, as follows:

• Anyone completing a new discounted variable rate mortgage from 3 October until 31 December 22, will have 6 months from completion in which to switch to a fixed rate with us. The switch would be ERC free with no product fee on the new fixed rate and no other charges by us unless additional borrowing is involved.  ERCs apply as normal to large capital payments or redemption.  We plan to reintroduce new fixed rate products in the near future, when appropriate. 
• For any cases which complete on a variable discounted rate product and are then transferred to a fixed rate product, there will be the initial new business proc fee for the completed case, then a 0.20% proc fee for the product transfer.
• We will also extend the ERC free switch promise being made available for new clients, as outlined above, to existing clients with mortgage products maturing between 3 October to 31 January 2023.

New discounted variable rate product details are viewable here:

https://www.impactpackaging.co.uk/intermediaries/lenders/Family%20Building%20Society/

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30/09/2022 - Kensington Product Update

Please be aware that our product guides have been updated, see the guides below for full details.

Due to market volatility these products will only be available until close of business Monday 3rd October. We are working on a new product range which we are currently planning to launch on Tuesday 4th October, further information will be available at that time.

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done the you will not have secured a current rate. Please see the submission deadlines below:

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Monday 3rd October. Full Mortgage Application submitted by 5pm on Sunday 9th October.

To view our full range of products please see the product guides below.

Kensington Residential Product Guide
Kensington BTL Product Guide

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30/09/2022 - UTB Product Update

At UTB we are committed to the specialist mortgage market, but with so few lenders now offering a complete range, we are expecting high demand for our products. To manage this, I would like to confirm the following:

• We will continue to honour the old interest rates on all Full Mortgage Applications submitted to us on or before 27 September. I can today confirm we will be extending the date by which a mortgage offer must be produced on these old interest rates, from the 11 October (that we first said on Tuesday), to the 31 October.
• In our normal process, Report on Titles are requested from our Solicitor panel late in the underwriting process, instead we have requested these on our full internal pipeline already. We hope this will reduce the risk of delays later in the process.
• With immediate effect, we are now requesting Applicants download and complete their ID and security checks through the UTB Chat Hub App once income and affordability is confirmed. Again, moving this activity earlier in the underwriting process will reduce the risk of delays later on.
• We have also discussed the current operating environment with our Surveyor panel, who will continue to support new instructions to the best of their ability.
• We would remind you that to qualify as a Full Mortgage Application, each case must be submitted with the minimum underwriting requirements as stated on the DIP. This will change from case to case, but will never be less than Proof of Income and a Loan Purpose Form. Any applications without the minimum underwriting requirements will be returned, to allow us to concentrate on progressing applications with the correct documents uploaded.
• We have delayed all non-essential activity across our underwriting teams, to ensure that we have the maximum capacity possible. We are anticipating an increase in new applications due to other lenders withdrawing from the market, and also understand the need to prioritise tasks and post on the existing underwriting pipeline so that offers can be produced before the extended 31 October deadline.
• To help manage these priorities, we will be setting an SLA of 5 days for new Full Mortgage Applications received from 30 September, as well as any new Post received on those cases. We plan to keep this SLA in place for one month. Whilst longer than the 1 day turnaround you are used to from UTB, we want to ensure as many Customers as possible with lower interest rates on expiring products can receive their mortgage offers before 31 October. Any cases not offered by this deadline will need to be resold onto new products at higher interest rates.

Their current products, which were confirmed on Tuesday and launched today, are below.

UTB BTL Product Guide
UTB Residential Product Guide

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30/09/2022 - Foundation launch new BTLs

As of Friday 30th September 2022, Foundation Home Loans have made changes to their Buy to Let products for purchase and remortgage. The changes to the range include:

• A reduction to the F1 75% 2-year discount rate of 25bps, pay rate now from 4.19% (reversion-3.05%)
• NEW F1 5 year fixed Early Re-mortgage product
• New discount rates at 75% for F2 standard applicants, standard HMOs and Short Term lets from 4.64% (reversion-2.60%)

Find out more by checking their latest product guide: Foundation BTL Product Guide

George Gee, Managing Director (Commercial) at Foundation Home Loans, said: 

We have cut our discount product pricing which should provide a competitive option for those landlord clients seeking two-year buy-to-let mortgages.

"Our service remains at very high levels which will allow us to work quickly on behalf of advisers over the next few days, and we want advisers to know we are here and ready to help them in order to get the best outcomes for their landlord clients."

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29/09/2022 - FHL pull all BTLs

Given the unprecedented demand since Foundation Home Loans announced our product withdrawal on Wednesday morning, we have had no option other than to pull all buy to let products with immediate effect simply down to the system issues that this has caused.

We are sorry for any inconvenience this has caused to any brokers and customers and we appreciate all the support you have given us.

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29/09/2022 - Family 3 October application deadline extension

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29/09/2022 - HTB update on current situation

All cases where a formal offer has been issued will proceed as normal and all rates will be honoured as per standard processes.

All applications that are yet to be formally offered are unable to proceed at their given rate. Our intention is to provide a revised rate that will be below our current new business rates but given the market volatility, we cannot provide you with this rate at this time. To ensure no unnecessary additional expense is incurred by your clients we will not be instructing valuations, issuing offers, or dealing with solicitors in relation to these cases.

We understand this is an unsettling time for your clients and these current market conditions are less than ideal. We will continue to work pre-offer cases internally and once pricing can be confirmed, we will be in touch immediately with a way forward. If you and your client wish to progress these cases without delay, they can be moved forward at the current new business rate which was confirmed on Wednesday, 28 September. We will of course release all valuations should you be able to find a solution with another lender.

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29/09/2022 - TML announce new fixed rate products

• Buy to Let will be 5-year fixed rates only
• As a temporary measure, they will be removing First Time Landlord products 
• Lumi 2 and 3 on their residential range will also be unavailable for the time being

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29/09/2022 - Shawbrook release latest product guide

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28/09/2022 - Foundation pull BTL products

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28/09/2022 - Bluestone withdraw products

Due to the current volatility in the financial markets, we have temporarily withdrawn all products whilst we undertake a review of our pricing and proposition. You will have access to our bluelink portal to upload documents/notes for any applications which have been submitted prior to the 28th of September.

The change will be reflected today, 28th September 2022. We will be back in touch shortly, once our new range of products is ready.

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28/09/2022 - Precise, Kent and Interbay withdrawals

Due to the continued market interest rate volatility, we have taken the difficult decision to temporarily withdraw our existing fixed rate mortgage products. This will give us the opportunity to service our existing pipeline and to relaunch our replacement fixed rate mortgage range on Tuesday 4 October.

We understand that this is an unsettling time for brokers who are likely to be dealing with anxious customers worried by recent developments. I would like to reassure you that we are all in this together - we remain committed to doing everything we can to make sure you have got all the support you need during this period of uncertainty.

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28/09/2022 - Shawbrook make changes

We are writing to inform you that due to the increasingly volatile market we are making another series of immediate rate changes across all of our products - Buy-to-Let, Commercial and Semi-Commercial, Bridging and Second Charge Mortgages.

From 3:30pm today, our systems will be unavailable for a short while whilst we implement some revised price points across our Buy-to-Let, Commercial and Bridging product ranges. These will go live immediately at 4pm. 

New Seconds pricing will be live from tomorrow morning. 

Please note that existing pipeline cases will not be impacted.

Pipeline: All Bridging, Buy-to-Let, Commercial and Semi-Commercial cases where at least an IMO has been issued (that is less than 14 days old) before 3:30pm on Wednesday 28 September will be honoured on the existing rates. However, if there is no change in case status within 14 days of the IMO being issued, the case will have to proceed on the new rates (if applicable).

Seconds Pipeline: All cases that were entered on DJ Broker Hub prior to Thursday 29 September will be honoured on the former pricing, as long as the binding mortgage offer is issued before Thursday 27 October 2022.

Speak to impact on 01403 27 26 25

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28/09/2022 - Bluestone to pull all products

Due to the current volatility in the financial markets, we have temporarily withdrawn all products whilst we undertake a review of our pricing and proposition. 

The change will be reflected today, 28th September 2022. We will be back in touch shortly, once our new range of products is ready.

Call impact to discuss further on 01403 27 26 25

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28/09/2022 - Castle Trust: Product Update

• Standard Bridge has been removed
• Bridge light revised rate will be 0.80%
• Heavy revised rate will remain at 0.85%
• Heavy exclusive revised rate will be 0.90%

Castle Trust Heavy Refurb Exclusive
Castle Trust BTL Product Guide
Castle Trust Bridging Product Guide

Below are some pipeline details for new cases

Light refurbishment

• Offer issued subject to valuation (instead of a LID) will only be valid for 60 days
• Once offer expires reprice required 

• Terms issued - loan must complete within 90 days of term issue date otherwise reprice required 
• LID valid for 14 days to give time to request quotes and instruct valuation, if valuation not instructed within 14 days of the LID issue date reprice required

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28/09/2022 - Pepper re-price range

Pepper has implemented a re-price to their range following significant increases in the cost of funding. The changes impact Residential, Buy to Let and Affordable Homeownership ranges.

Pepper RESI Product Guide
Pepper BTL Product Guide
Pepper LTD Co BTL Product Guide
Pepper HTB Product Guide
Pepper Shared Ownership Product Guide

With the market and rates changing at pace, we understand the pressure, you may face from your customers who are anxious to get their applications over the line. It is evident we will all need to continue to respond to market movements in the coming months. However, we value your time and will always endeavour to notify you of our changes in advance, providing reasonable time to secure a Pepper mortgage.
 
You can place your case and trust in Pepper to ensure we provide you with all the necessary resources and specialist support you need to find the right solutions for your hopeful homeowners.
 
Our service level remains market-leading to combat the growing uncertainty that your customers are facing. As rates continue to rise, you can depend on Pepper Money for consistency, transparency and service efficiency

Speak to the impact team to find out more on 01403 27 26 25

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28/09/2022 - Foundation: Product Update

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28/09/2022 - Together: Resi Product Update

Important changes to our products

Together has taken the decision to temporarily pause lending on all fixed-rate products as it fully assesses the impact of the current market. 

This pause will not affect any of Togethers personal finance variable rate products, which remain available to our adviser partners and customers.

Fixed rate pipeline

• Pre Offer - We will pause working on cases placed on a fixed product whilst we review our product range. We will keep you updated on your cases as soon as possible.
• Post Offer - We will continue to honour these cases, however these MUST complete within the offer validity period. Unfortunately, we WILL NOT be able to approve any extension requests.

Key dates for Variable rates

• Any cases loaded onto MBV prior to today on our variable product card plans, dated 2nd September 2022, will be honoured (unless re-quoted). For any new cases loaded today onwards, the new pricing will apply.
• We will require these cases to be fully packaged and submitted to our underwriting team by 17:00 on Wednesday 12th October.
• These cases then need to progress to offer by 17:00 on Wednesday 9th November.

Our team are here to help

We want to make it clear that this is a temporary measure to give us the time needed to comprehensively assess what is an incredibly uncertain market, to ensure we have the right product suite for this challenging environment. We will continue to keep our packager partners up-to-date on any developments.

We are committed to keeping you updated on your cases and our products during this time and will continue to share our latest information with you as soon as we can.  

Speak to the impact team to find out more on 01403 27 26 25

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28/09/2022 - KENSINGTON: Product Update

Please be aware that Kensington has released new product guides:

Kensington Residential Product Guide
Kensington BTL Product Guide

Due to market volatility all remaining products, with the exception of Flexi Fixed for Term 60%, 75% & 85% LTV products, will be withdrawn by close of business Thursday 29th September. They plan to relaunch products with new pricing on Friday 30th September.

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done you will not have secured a current rate. Please see the submission deadlines below:

Decision in Principle Illustration produced AND the Mortgage Application commenced by 5pm Thursday 29th September

Full Mortgage Application submitted by 5pm on Wednesday 5th October.

Call the impact team today on 01403 272625 to find out more.

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28/09/2022 - UTB make changes

Extreme volatility in the deposit and swap markets, both of which are key to how many banks raise and lend money, is leading to sharp increases in the cost of funds. For this reason, we are updating all interest rates across our Mortgage, BTL and Second Charge Loan products. Please note that we remain committed to the specialist mortgage market, and as such all other key criteria and parameters remain untouched, including the availability of fixed rates, max LTV and loan sizes etc.

Key product change information:

• Applications where a Mortgage Offer has already been issued are unaffected.
• We will also honour the current product selected for all Full Mortgage Applications, that were submitted for underwriting before close of business on Tuesday 27 September, providing a Mortgage Offer is issued on or before Tuesday 11 October.
• Any DIP that was not submitted as a Full Mortgage Application before close of business on Tuesday 27 September, will need a new DIP to be completed on the new products detailed below.
• Whilst announced today, these new products will not be available in the Portal until 08:00am on Friday 30 September. We apologise for this slight delay, caused purely as a result of the velocity of cost of funds altering, and scale of products being updated.

Mortgages, Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated:

• 2yr fixed rates from 6.24%
• 3yr fixed rates from 7.30%
• 5yr fixed rates from 7.35%
• 5yr fixed rates with no ERC from 8.04%

BTL, Product Update
All BTL products have been updated:

• Standard products, 2yr fixed rates from 6.34% and 5yr fixed rates from 7.35%
• Specialist products, 2yr fixed rates from 6.34% and 5yr fixed rates from 7.35%
• Non-Standard products, 2yr fixed rates from 6.69% and 5yr fixed rates from 7.70%

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Landbay: Temporarily removes fixed rates

Specialist lender Landbay has temporarily withdrawn its fixed rate mortgage products as lenders pause to reprice.

Due to the high volatility in the financial markets, Landbay has had to remove their fixed rate products. Landbay will replace them with revised pricing soon. 

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Together: Commercial Products

Together Commercial Finance has made the decision to pause lending with regards to fixed rate products. 

This includes pipeline cases that are waiting for fund and new applications.

Summary of Product Changes

 Bridge

• Standard bridging products have had a set increase by 10bps
• We have introduced a new LTV band of <50% for commercial bridging.  Rates start from 0.85% which is a reduction from our 0.95% headline rate.

 BTL

• Removal of all fixed rate products
• Our loan size banding >B#150k has been withdrawn.  All loan sizes now receive the same pricing on our standard product (6.25% variable)
• 2nd charge BTL will be 1% above this pricing.
• We have reduced the max LTV for re-mortgage and second charge to 70%
• Flexi product rates have increased but remain priced 1.5% above Prime product pricing
• No changes to our Homeowner Business Loan pricing (8.25% variable)

 Commercial Term

• Removal of fixed rate product
• Standard Term product pricing to remain (8.99% variable)

Key dates for submission and funding deadlines

Fixed rate pipeline cases

For purchase and refinance cases due to complete this week (by Friday 30th September) we will aim to honour these but they must fund by this date (no exceptions).  The deadline for receipt of the Report on Title on cases is Thursday 29th September.

We will not be progressing any other fixed rate applications currently in pipeline while we pause to review our product range.  These will need to be re-quoted onto our variable rate products.

Variable rate cases in pipeline submitted prior to today need to fund by Friday 28th October.  After this date, cases will need to be requoted onto our current pricing. 

New submissions

All cases submitted from today will need to be quoted on the new product range.

If any pipeline cases need re-quoting, then the latest product rates at time of requote will apply.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - HTB: Product Update

Like many banks and lenders, Hampshire Trust Bank are adapting to the volatility in the markets. This means they are making some changes to their product offering.

What does this mean for you

• With effect from 5 pm today, they are withdrawing all their mortgage products
• New products will be live from tomorrow

Clearly, events are extremely fluid at the present, and they will keep you updated as the situation develops and as new rates come available.

Call the impact team on 01403 272625 to find out more.

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27/09/2022 - Zephyr: Temporary Withdrawal

Zephyr Homeloans wanted to let you know that they have temporarily withdrawn all products with effect from Tuesday 27 September 2022, as a result of the ongoing market volatility.

They are committed to processing any full mortgage applications already submitted to them and will undertake those as quickly as they can. Given the volume of lender changes currently taking place, it could take a little while longer than normal for sourcing systems to update.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - InterBay: Product Withdrawals

InterBay Commercial wanted to let you know that due to the ongoing market uncertainty they are withdrawing the following products:

• 65 LTV: Commercial and Semi Commercial products
• 75 LTV: Buy to let products
• All holiday let products

For applications to be considered from their current range, you must have submitted an agreement in principle before 4 pm today, Tuesday 27 September when access to their online submission portal will close.

All cases on their current range and previously withdrawn ranges must be fully submitted with essential documents by 5 pm Friday 30th September 2022. This supersedes previously communicated deadlines for full case submissions.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Precise: Product Withdrawal

Due to the ongoing market uncertainty, Precise Mortgages are withdrawing the following products:

Buy to Let:

• 75 Buy to let products
• 75 Refurbishment buy to let exit products

Residential

• 75 and 85 LTV core products
• 75 and 85 DMP products
• All Help to Buy purchase and remortgage products
• All Right to Buy products

To secure a product from their current range you must fully submit applications, including all fees and supporting documents before 4 pm today, Tuesday 27 September 2022, when access to their online submission portal will close.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Kent Reliance: Product Withdrawals

Due to the ongoing market uncertainty, Kent Reliance are withdrawing the following buy to let and residential products from 4 pm today, Tuesday 27 September.

Buy to Let Withdrawals

• 75 and 85 LTV products

Residential Withdrawals

• 75 and 85 LTV core range products
• 75 and 85 extra flexibility products
• All income flexibility products
• All shared ownership products

To secure a product from their current range you must have reached the fees paid stage with the valuation instructed and all essential documents attached before 4 pm today when their online submission portal will close.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Fleet: Urgent Update

Fleet Mortgages wanted to inform you that they are temporarily withdrawing all Fixed Rate products due to highly volatile market conditions. Their tracker products remain available.

Please see below for important dates and times:

Apps must be submitted by:
8:00 pm Tuesday, 27th September 2022: All apps must be fully completed with fees paid to secure the rate you were applying for.

They will relaunch a full product range once the market has stabilised. They will provide you with full details when appropriate.

Call the impact team today on 01403 272625 to find out more.

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27/09/2022 - Foundation: New Credit Tiers and Products

As of today, Tuesday 27th September 2022, Foundation Home Loans are pleased to announce that they have updated their credit criteria in order to continue to meet their target borrowers evolving needs by being able to accommodate credit blips and instances which may have occurred in recent years.

Foundation has also introduced a new F4 tier to open up its products to a broader group of customers and deliver additional options that they may not have had access to previously.

The new range provides a greater number of product options for borrowers who have an impacted credit score and have experienced more recent life events but have shown they are able to make their mortgage payments.

The F1 to F4 range includes:

• Enhanced credit criteria and all new F1 to F3 product range
• New range of F4 credit tier products up to 75 LTV
• Rate reduction of up to 60bps for selected residential discount products, now from 4.39, reversion 2.85 discount up to 65 LTV
• New 75 LTV Green EPC A to C from 4.54 reversion 2.80 discount
• Professionals range at 75 LTV now from 4.44, reversion 2.80, discount

For some borrowers, the realignment of permitted credit events in each tier means that they may be offered a better product than they may have had before the change.

Reasons to use Foundation for your next specialist residential case:
Who for

• Self employed directors, partners and contractors retained profits considered
• Employed, no minimum term in current job, minimum 3 months employed
• Clients with multiple and unusual income sources
• Holders of credit blips, lower credit scores
• First time buyers
• Eligible Professionals looking for up to 6 x income

How much

• Maximum loan 3M
• Maximum term 40 years
• Maximum age 75 at end of term
• No minimum income
• Maximum number of applicants is 4

What for

• Capital and repayment mortgage up to 90 LTV
• Interest only, affordability calculated on an interest only basis up to 70 LTV
• A part and part mortgage up to 80 LTV

Call the impact team on 01403 272625 to find out more.

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26/09/2022 - Vida: Product Withdrawal Notice

All Vida New Business and Product Switch Products are to be temporarily withdrawn at the close of business tonight.

Please note that given the current financial market volatility, Vida Homeloans will be temporarily withdrawing all products for new and existing customers from 6:00 pm tonight, Monday 26th September 2022.

Transition Arrangements:
New Business: Both Decisions in Principle, with the product selected, and for any 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 6:00 pm this evening, Monday 26th September 2022.

Where either fees have not been paid, or mandatory documents have not been uploaded by Monday evening, the case will not be able to proceed.

Product Switch
An Offer through the Product Switch portal needs to have been accepted by 6:00 pm this evening, Monday 26th September 2022.

Call the impact team today on 01403 272625 to find out more.

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26/09/2022 - Castle Trust: Rate Changes

Castle Trust Bank will be withdrawing its 5.96 per cent tranche. From today this will be replaced with a rate of 6/46 per cent.

The Bridging Proposition will also be subject to rate increases as per below:

• Bridge revised rate will be 0.75 from 0.70
• Bridge light revised rate will be 0.78 from 0.70
• Heavy revised rate will be 0.85 from 0.80
• Heavy exclusive revised rate will be 0.88 from 0.83

Below are some pipeline details for new cases:
Bridge and Light refurbishment

• Offer issued subject to valuation, instead of a LID, will only be valid for 60 days
• Once the offer expires reprice required

Heavy Refurbishment

• Terms issued: loan must complete within 90 days of term issue date otherwise reprice required
• LID is valid for 14 days to give time to request quotes and instruct valuation, if the valuation is not instructed within 14 days of the LID issue date reprice required

Any case where you have terms on previous rates will be honoured on the following conditions:

1. Case submitted for DIP by close of business Tuesday, 27.09
2. Booking fee to be paid on Term cases by close of business, 27.09
3. Valuation to be paid for and instructed by close of business, 27.09

Call the impact team today on 01403 272625 to find out more.

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26/09/2022 - Kensington: Product Update

As of the close of business Tuesday 27th September, they will be removing all Residential and Buy to Let 70, 75, 80, 90, and 95 LTV products. All 85 LTV products will be remaining. 80 LTV BTL Specialis HMO and MUB will also be remaining. There will be no change to the Flexi Fixed for Term, Shared Ownership and Help to Buy ranges. Please see the submission deadlines below.

Please note to secure a current rate you must have confirmed all DIP data is correct on the first page of the Full Mortgage Application and have commenced to the next page. If this has not been done then you will not have secured a current rate.

1. The decision in Principle Illustration product AND the Mortgage Application must have been started, you must have confirmed all DIP data is correct and commenced to at least Additional Applicant Details page by 5 pm on Tuesday 27th September, Full Mortgage Application submitted by 5 pm on Monday 3rd October.
2. Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply.
3. The current 85 LTV products are still available for Northern Ireland applications but only with an actual borrowing of 80 LTV.

Call the impact team today on 01403 272625 to find out more.

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26/09/2022 - Foundation: Product Withdrawal Notice

On Monday 26th September 2022 at 5:30 pm, Foundation will withdraw all of the products in their residential range and replace them on Tuesday 27th September 2022.

Any DIPs on this range will need to be submitted by 5:30 pm on Monday 26th September 2022, securing the product until Monday 3rd October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Monday 3rd October 2022.

DIPs relating to this range, which have not been converted to FMA and submitted by 5:30 pm on Monday 3rd October 2022 will no longer be valid.

Call the impact team today on 01403 272625 to find out 

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26/09/2022 - Together: Changes to CF Range

Together wanted to make you aware of an upcoming change to their Commercial Finance products. There are key dates for you to be aware of and a change to the timeframes for submission of applications.

Their product range will be changing and rates increasing on Friday 30th September. Any applications submitted from this date will also need to reflect the revised pricing.

Deadline for applications

• Together will no longer be allowing an extended period for the submission of applications. Any applications received from Friday 30th September will need to be requoted and submitted on the new pricing.

Deadline for pipeline cases to fund

• All pipeline applications on rates that were valid between 1 July to 18 August need to complete by Friday 30th September.
• All pipeline applications on current rates that have been valid from 19 August to 30 September, will need to complete by Friday 28th October. 
• No exceptions will be made to these dates.

Call the impact team today on 01403 272625 to find out more.

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26/09/2022 - Family BS: Temporarily Withdrawn

Due to the significant increase in the cost of funding fixed rate mortgages on Friday 23rd September 2022, all fixed rate products have been temporarily withdrawn from sale. They will return with a new set of fixed rate mortgages soon.

Call the impact team today on 01403 272625 to find out more.

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26/09/2022 - Fleet Mortgages: Product Change

Fleet Mortgages product changes have gone live. Please find below a summary of the changes:

Standard Product Range

• 65 LTV, 5 Year fixed rate has increased by 40bps from 4.85 to 5.25
• 80 LTV, 5 Year fixed rate has increased by 40bps from 5.19 to 5.59
• 75 LTV, 7 Year fixed rate has increased by 40bps from 4.99 to 5.39

Limited Company Product Range

• 65 LTV, 5 Year fixed rate has increased by 40bps from 4.85 to 5.25
• 80 LTV, 5 Year fixed rate has increased by 40bps from 5.19 to 5.59
• 75 LTV, 7 Year fixed rate has increased by 40bps from 4.99 to 5.39

HMO Product Range

• 65 LTV, 5 Year fixed rate has increased by 40bps from 4.99 to 5.39
• 75 LTV, 7 Year fixed rate has increased by 40bps from 5.09 to 5.49

75 LTV Standard, Limited Company, Green and HMO Product Ranges

• All 5 Year 75 LTV products were temporarily removed

Tracker Rates remain as is at BBR plus 2.99 for Standard and Limited Company, and BBR plus 3.29 for HMO.

BBR updated to 2.25.

Call the impact team today on 01403 272625 to find out more.

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23/09/2022 - TML: Product Withdrawal Notice

The Mortgage Lender has announced that they will be repricing both their Residential and Buy to Let product ranges.

They will require applications to be submitted, with fees paid by 12 noon on Monday 26th September 2022.

If any application is not submitted by this time, then pricing will be based on their new product ranges launching on Tuesday 27th September 2022. They will be contacting any brokers with cases in their DIP pipeline today to update them.

Call the impact team today on 01403 272625 to find out more.

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23/09/2022 - Pepper Money: Product Change Notice

Pepper Money are making changes across their entire product range. These changes will be implemented overnight on Tuesday 27th September.

Please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected by 5 pm on Tuesday 27th September.

All Full Mortgage Applications for their current product range must be fully submitted, with upfront fees paid, by 5 pm on Thursday 29th September.

Call the impact team today on 01403 272625 to find out more.

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22/09/2022 - Fleet Mortgages: Product Change

Fleet Mortgages wanted to let you know they are making changes to some of their products. Please see below for important dates and times to be aware of in order to secure their current rates.

To secure their current rates:

APPS MUST BE SUBMITTED BY:
6:00 pm Friday 23rd September 2022: All apps must be fully completed with fees paid by 6:00 pm on Friday 23rd September 2022 to secure the rate you were applying for.

THEIR NEW PRODUCTS WILL BE RELEASED ON:
9:00am Monday 26th September 2022

Call the impact team today on 01403 272625 to find out more.

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22/09/2022 - Foundation: Product Withdrawal Notice

On Monday 26th September 2022 at 5:30 pm Foundation Home Loans will be withdrawing all of the products in their residential range and replacing them on Tuesday 27th September.

Any DIPs on this range will need to be submitted by 5:30 pm on Monday 26th September 2022, which will secure the product until Monday 3rd October 2022. The DIP must be converted to a full FMA and submitted before 5:30 pm on Monday 3rd October 2022.

DIPs relating to this range, which have not been converted to FMA and submitted by 5:30 pm on Monday 3rd October 2022 will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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21/09/2022 - UTB: Buy to Let Update

Due to the continued increase in interest rates across the market, they are updating their Buy to Let products. New interest rates will take effect from Friday 23 September.

They will honour their current interest rates for any new applications created on the Portal prior to this date, regardless of the current application stage, provided a Mortgage Offer is issued on or before Wednesday 9 November.

Buy to let, Product Update
All products have been updated. Highlights include:

• Standard Products: 2 Year fixed rates from 5.34 and 5 year fixed rates from 5.44
• Specialist Products: 2 Year fixed rates from 5.34 and 5 year fixed rates from 5.44
• Non Standard Products: 2 Year fixed rates from 5.69 and 5 year fixed rates from 5.79

Bank of England Base Rate Change
It is expected that the Bank of England will increase the Base Rate tomorrow. They can confirm that the UTB Mortgage Portal will be updated on the evening of Friday 23 September, as below:

• Mortgage Illustrations or Offers issued on any applications will detail the new higher Base Rate and reversionary interest rate details
• Offered applications will complete as normal, with any new payment detailed in the customer welcome letter
• Pipeline Lifetime Tracker, or Fixed Rate Products of less than 5 years, will be prompted to reassess affordability within the UTB Portal prior to Full Mortgage Application.

Call the impact team today on 01403 272625 to find out more.

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21/09/2022 - UTB: Mortgage and Second Charge Update

Due to the continued increase in interest rates across the market, United Trust Bank are updating their Residential Mortgage and Second Charge Loan products. New interest rates will take effect from Friday 23 September.

They will honour their current interest rates for any applications created on the portal prior to this date, regardless of the current application stage, provided a Mortgage Offer is issued on or before Wednesday 9 November.

Mortgages, Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated. Highlights include:

• 2 Year fixed rates from 5.24
• 3 Year fixed rates from 5.39
• 5 Year fixed rates from 5.44
• 5 Year fixed rates with no ERC from 5.79

Second Charge Loans, Product Update
All Second Charge products have been updated, with different pricing bands introduced for loans 10k to 35k versus those 35k to 500k. Highlights include:

• BoE Tracker rates from plus 6.09
• 2 Year fixed rates from 6.09
• 3 Year fixed rates from 6.19
• 5 Year fixed rates from 6.29
• 5 Year fixed rates with no ERC from 6.59

Bank of England Base Rate Change
It is expected that the Bank of England will increase the Base Rate tomorrow. They can confirm that the UTB Mortgage Portal will be updated on the evening of Friday 23 September, as below:

• Mortgage Illustrations or Offers issued on any applications will detail the new higher Base Rate and reversionary interest rate details
• Offered applications will complete as normal, with any new payment detailed in the customer welcome letter
• Pipeline Lifetime Tracker, or Fixed Rate products of less than 5 years, will be prompted to reassess affordability within the UTB Portal prior to Full Mortgage Application.

Call the impact team today on 01403 272625 to find out more.

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21/09/2022 - Shawbrook: Changes to their legal fees

Shawbrook Bank wanted to give you advanced notice about changes to their legal fees and how they plan on reacting to any Bank of England Base Rate changes.

Changes to legal fees
As of Monday 26th September, they will be increasing their legal fees for Buy to Let and Commercial and Semi Commercial cases. Depending on loan size, fees have increased by 100 to 400 pounds.

Any IMOs issued before 5:30 pm on Friday 23 September will remain on the existing legal fees. Any IMOs issued after this time will reflect the new legal fees.

Bank of England Base Rate
Scheduled for this Thursday, 22nd September, they will be keeping close to the news of a Bank of England Base Rate decision. If, as anticipated, Base Rate is to change this may impact Shawbrook Base Rate SBR and their variable Buy to Let and Commercial Investment rates.

They will be issuing a broker communication early next week with an updated product guide to reflect both the legal fee and potential SBR changes.

Call the impact today on 01403 272625 to find out more.

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20/09/2022 - Together: Changes to CF criteria

Together has made some amendments to the criteria on their Commercial Finance product range.

To summarise:

• Together are introducing stress testing on their Buy to Let and Home Owner Business Loan variable products. Details of this are noted below.
• They are amending the minimum term loan on their Commercial Term products as follows: 5 year fixed rates minimum term will be increased to 5 years, and the variable product minimum term will be decreased to 5 years.

Buy to Let
From 16th September, they will be applying a 1 per cent stress to the interest rate on their Buy to Let variable products. The affordability assessments will now use the stressed monthly repayment figure to calculate the affordability. The affordability will continue to be assessed using ICR, ONS, or stated expenditure assessments on My Broker Venue.

Home Owner Business Loans
They will also be applying a 3 per cent stress to the interest rate on their Home Owner Business Loan variable products. The affordability assessments will now use the stressed monthly repayment figure to calculate the affordability and will continue to be assessed using the ONS or stated expenditure assessments on My Broker Venue. When calculating the affordability of a Home Owner Business Loan, they will also be taking into account their regulated mortgage contract, and this will also be stressed at 3 per cent.

Pipeline cases
The above changes will only be applied to new cases keyed onto My Broker Venue from 16th September 2022, or any pipeline cases that have not had an affordability assessment completed. 

Call the impact team today on 01403 272625 to find out more.

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20/09/2022 - Landbay: Cuts 2 year rates

Landbay has lowered the interest rates on its 2 year fixed rate buy to let mortgages.

The reduction will apply to standard properties, houses in multiple occupations HMOs, and multi unit freehold blocks MUFBs.

The cuts see Landbays standard property 2 year, 75 LTV fixed rate product reduced by 0.10 per cent to 4.89 per cent at 80 LTV reduced by 0.20 per cent to 5.09 per cent.

Its small HMO 2 year 75 LTV fix is reduced by 0.30 per cent to 4.89 per cent while its small MUFB 2 year 75 LTV fix is cut by 0.30 per cent to 4.89 per cent.

Earlier in the month the lender reduced rates on its term tracker range by as much as 0.86 per cent across HMOs and MUFBs on new builds and older properties.

Call the impact team today on 01403 272625 to find out more.

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16/09/2022 - Zephyr Homeloans: Advanced Product Notice

Zephyr Homeloans are giving you advanced notice that their 5 and 7 year fixed rate deals will be increasing on Friday 23rd September. They will then write again on Friday to confirm all the details.

To secure the current rates before they increase, brokers will need to have submitted a full mortgage application by 5 pm Thursday 22nd September.

Call the impact team today on 01403 272625 to find out more.

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15/09/2022 - Office Closure: Monday 19 September

Impact Specialist Finance are deeply saddened by the news of Her Majesty The Queen, and our thoughts are with the nation at this time. Because of the Bank Holiday on Monday, 19 September 2022, for her state funeral, our offices will be closed and will reopen at 9:00 am on Tuesday, 20th September 2022.

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15/09/2022 - Kent Reliance: New BTL and RESI products

Kent Reliance has launched a full range of new buy to let and residential products including the reintroduction of their income flexibility and credit flexibility residential ranges.

Call the impact team today on 01403 272625 to find out more.

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15/09/2022 - Precise: Inroducing Updated Products

Precise Mortgages has launched a full range of new residential and buy to let products including the relaunch of their heaviest adverse range and DMP residential range plus the return of limited company buy to let lending.

Call the impact team today on 01403 272625 to find out more.

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14/09/2022 - Precise: Product Withdrawals

Precise Mortgages are withdrawing their existing residential and buy to let mortgage ranges, including refurbishment, buy to let exit products.

A full new range of replacement residential and buy to let products will be available on their website from 9 am on Thursday 15 September.

To secure a product from their current range you must fully submit your applications before 8 pm today, Wednesday 14 September.

Call the impact team today on 01403 272625 to find out more.

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14/09/2022 - Kent Reliance: Product Withdrawals

Kent Reliance wants to let you know that they are replacing their existing buy to let and residential mortgage products from 5 pm today, Wednesday 14 September.

A full range of replacement buy to let and residential products will be available from 9 am on Thursday 15 September.

To secure a product from their current range you must have reached the fees paid stage before 5 pm today, Wednesday 14 September with the valuation instructed and all essential documents attached by 5 pm on Thursday 15 September.

Call the impact team today on 01403 272625 to find out more.

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13/09/2022 - Fleet: Product Changes

Fleet Mortgages new products are now live. Please find below a summary of the changes:

• 5 Year 75 LTV rates held: Fleet are holding their 5 year 75 LTV Fixed Rates for now, which start from 4.95
• Three new 65 LTV 5 year products: This gives Fleet a headline rate starting at 4.85
• Three new 75 LTV 5 year Fleet Green products: These are priced 10bps below the standard 75 LTV 5 year pricing, these rates are only available where the subject property has an EPC Rating A, B or C.
• 5 Year 80 LTV: 10bps increase in the headline rate for their 5 year 80 LTV products to 5.19.
• Loyalty products: A 90bps increase in the headline rate for their Loyalty products to 4.64.
• 2 Year fixed rate products: As a result of two year swap rates have increased rapidly, and due to the uncompetitive price situation for this term, they are temporarily withdrawing all 2 year fixed rate products, including Loyalty products.
• End dates and product fees: End dates will move from the end of September to the end of December, and all product fees are unchanged.

This leaves Fleet Mortgages with a smaller suite of 17 products, plus 3 new Loyalty Products.

Call the impact team today on 01403 272625 to find out more.

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12/09/2022 - Precise: Help to Buy Withdrawal

As you may be aware, the Help to Buy Equity Loan scheme will close in 2023.

To ensure Precise Mortgages have sufficient time to process cases before the scheme closes, they will be withdrawing their Help to Buy products for purchases in England, Scotland and Wales on Friday 30th September 2022.

To secure a product you must fully submit your applications by 5 pm on this date.

If you have got a question about the withdrawal of their Help to Buy scheme products or want to find out more about the end of the scheme, call the impact team today on 01403 272625 to find out more.

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12/09/2022 - Vida: 5 Year Withdrawal

Please note that Vida Homeloans will be withdrawing the entire range of 5 year BTL and RESI products from 6:00 pm on Tuesday 13th September. Replacement products will be available from Wednesday 14th September.

Transition arrangements:
The decision in Principle must be submitted, with the product selected, by 6:00 pm on Tuesday 13th September.

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 6:00 pm on Thursday 15th September.

Where either fees have not been paid, or mandatory documents have not been uploaded by Thursday evening, the case will be returned to the DIP stage and a product from the new range will need to be selected.

Call the impact team today on 01403 272625 to find out more.

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12/09/2022 - Fleet Mortgages: Product Notice

Fleet Mortgages are making some changes to their products. They will launch some new ones and withdraw some of their current products.

To secure current rates:

• 6:00 pm Monday 12th September 2022: All apps must be fully completed with fees paid by 6:00 pm on Monday 12th September 2022 to secure the rate you were applying for.
• Their new products will be released on: 9:00 am Tuesday 13 September 2022.

In addition to their fantastic 3 day turnaround times, below find more reasons to use Fleet Mortgages:

• No stress testing on the background portfolio. Applicants can have an unlimited amount on their portfolio. Fleet Mortgages do not require ASTs, business plans, cashflow forecasts etc.
• Simple product range with competitive rates starting at 4.95
• Remortgage within 6 months
• 125 ICR on Limited Company and LLP
• Above or adjacent to commercial, minimum valuation 100k and positive valuer comments
• Ex local authority including deck access. No set per cent needs to be privately owned, subject to valuers comments
• Multi unit freehold blocks can consider up to 10 flats under 1 freehold title.
• Smaller HMOs and 2 flats on the same freehold title can be considered on their standard range of products. This means lower rates and fees and free valuations up to 500k.

Call the impact team today on 01403 272625 to find out more.

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08/09/2022 - Landbay: Reduce Rates on Term Tracker

Landbay has restructured its term tracker range of buy to let mortgages with rate reductions and new products replace some of those that have been withdrawn.

Term tracker rates are cut by 0.86 to 4.34 on standard products, small HMOs and small MUFBs.

These products are available for new builds as well as older properties up to 75 LTV.

The term trackers for large HMOs and MUFBs have had rates reduced by 1.1 to 5.59 and the LTV has been raised to 75 from 70.

All of these products track Base of England base rate and there are no early repayment changes so borrowers are free to leave whenever they like.

Call the impact team today on 01403 272625 to find out more.

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07/09/2022 - HTB: Adance notice of increased rates

HTB are writing to advise you of an increase in their lending rates for their Buy to Let and Semi Commercial products effective from Monday, 12 September.

As is regularly reported the cost of funds continues to increase beyond anything they have witnessed in recent years, and as such this naturally impacts their pricing strategy. As a result, they will be increasing their rates by 0.25 including all 2 and 5 year fixed rates for both Buy to Let and Semi Commercial products. Again, as they have communicated to you in the past, their rates could well increase further but they will take a cautious approach as and when they need to, to ensure you have clarity.

As part of their commitment to you, they will continue to give you as much notice of any rate increase to help you manage your business as they understand your clients have complex mortgage requirements.

• To enable you to manage your application pipeline and indeed your clients expectations, they will accept any DIPs on current rates up to the close of business on Friday, 9 September, with their new rates coming into effect on Monday, 12 September.
• They will honour the DIP Accept until Wednesday, 12 October, this is subject to the valuation having been instructed and all documents uploaded to the PUMA portal, please remember to click SUBMIT.

So, from Monday, 12 September, their rates will increase and an updated rate card will be available. 

Call the impact team today on 01403 272625 to find out more.

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06/09/2022 - Bluestone: Rate Review

Bluestone Mortgages are making changes across all their product range which will be reflected tomorrow, 7th September 2022.

To lock in the current interest rate, all applications must be submitted by 10 pm tonight. Their product guide update is live from tomorrow.

Call the impact team today on 01403 272625 to find out more.

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06/09/2022 - Foundation: Launch Green BTL

As of today Tuesday 6th September, Foundation Home Loans has launched a set of Special Edition Green Buy to Let 2 year discount products for purchase and remortgage. The features of these products include:

• Green Buy to Let 2 year discounts to 75 LTV
• F1 rate of 3.49, a discount of 3.25 
• HMO up to 6 occupants rate of 3.74 with a discount of 3
• STL rate of 3.84, a discount of 2.9
• 1.5 per cent lender product fee
• ERC Free
• Eligible for properties with an EPC of A to C
• Increased 1.5M max loan

The Special Edition Green Buy to Let 2 year discount products are available for both limited companies and individuals looking to either remortgage or purchase. They also have an enhanced maximum loan size of 1.5M at 75 LTV to benefit those landlords looking to borrow more at 75 LTV for their EPC A to C rated property.

In addition to this new product set, Foundation has current turnaround times of 1 day for DIP referral, application and underwriter review.

Why use Foundation for your next BTL case?
Who for?

• Experts in individual or limited company applications
• Up to 4 directors and no personal guarantee 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 minimum income or employment, self employment history
• First time landlords considered
• Expats considered as individuals or limited companies

How much?

• Up to 85 LTV and loans up to 2M on the core range
• ICR of 125 per cent 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

What for?

• 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

Call the impact team today on 01403 272625 to find out more.

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05/09/2022 - MT Finance: Pricing Changes

MT Finance would like to take this opportunity to thank you for your continued support so far this year.

As you know, 2022 has seen the return of interest rate rises which is impacting their market.

As always, they want to ensure they continue to support you and your clients which is why they have not made any changes to their core pricing bands. However, they have made some slight adjustments to some of their products, details of which can be found in the product matrix.

These changes will apply to any new transactions as of Tuesday 6th September.

Call the impact team today on 01403 272625 to find out more.

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05/09/2022 - Family BS: Semi Exclusive Relaunch

As promised, Family BS are back! With a brand new set of fixed rate products and new applications and offer validity periods.

New validity periods:

• You spoke, Family listened. A fixed completion deadline will no longer apply to new fixed rate products. Instead, they have introduced a 3 month application validity period as well as a 3 month validity period from the date of the mortgage offer. Fixed rate mortgage products launched prior to 5 September will still be subject to their relevant completion deadline unless they specifically advise that this has been extended.
• This means that your clients will now have 3 months from the date an application is received in order to secure an offer for one of their on sale mortgage products. Once a fixed rate mortgage product is offered, the mortgage offer will be valid for 3 months.
• Their variable rate products will also be subject to the application validity period, however, the offer period remains unaffected and will continue to be 5 months.
• Family believe this new approach will provide greater flexibility and clarity for you and your clients.

Their brand new product range:
As of today, 5 September 2022, Family are launching a brand new fixed rate product range.
Owner Occupier fixed rate products

• 2 year repayment from 4.44
• 2 year interest only from 4.64, semi exclusive
• 5 year repayment from 4.29
• 5 year interest only 4.49, semi exclusive
• 2 year JMSO repayment from 4.54
• 5 year JMSO repayment from 4.39

Specialist mortgages including their Family Mortgage, RIO and Retirement Lifestyle Booster are also available.

Buy to Let fixed rate products
Their new BTL fixed rate range includes products for UK Landlords, Limited Co, BTLs and Expats. All fixed rates have increased by 0.75 per cent from the previous range.

Call the impact team today on 01403 272625 to find out more.

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05/09/2022 - Pepper Money: Product Withdrawal Notice

Pepper Money are making changes to their entire product range. These changes will be implemented overnight on Wednesday 7th September.

If you have any customers wishing to take advantage of their current range, please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected by 5 pm on Wednesday 7th September.

All Full Mortgage Applications for their current product range must be fully submitted, with upfront fees paid, by 5 pm on Monday 12th September.

Call the impact team today on 01403 272625 to find out more.

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02/09/2022 - Kensington: Product Update

Kensington Mortgages new products are now live.

Unfortunately, Kensington will be carrying out some important maintenance work this weekend so please note that their broker portal will be unavailable.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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02/09/2022 - Shawbrook: Increased Rates

Following the advanced notice last week, Shawbrook Bank can confirm they have increased rates across their Buy to Let, Commercial, Semi Commercial, Seconds and Bridging products, including:

• Unregulated Bridging: A simplification of their proposition by creating a single pricing structure for loans up to 25M, and an increase of their arrangement fee to 2 per cent.
• Buy to Let: Introduction of a new price point for loans under 150k and rate increases from 0.1 to 0.5 on all other products.
• Commercial and Semi Commercial: Removal of 55 LTV pricing band on small loans and rate increases of up to 0.4.
• Seconds: Rate increases from 0.4 to 0.64 across the range of products.

Pipeline: All Buy to Let, Commercial, Semi Commercial and Bridging cases that were submitted before 5 pm on Thursday 1st September will be honoured on the existing rates. However, if there is no change in case status within 14 days of the IMO being issued, the case will have to proceed on the new rate and arrangement fee detailed above.

Seconds Pipeline: All cases that were entered on to the system prior to 5:30pm on Thursday 1st September will be honoured on the former pricing as long as binding offer is issued before Friday 14th October 2022.

Call the impact team today on 01403 272625 to find out more.

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02/09/2022 - Together: Personal Finance Reprice

Together wanted to reach out to their key partners to inform you of the rate changes taking effect in the Personal Finance regulated side of the business, which is active as of the morning of Friday 2nd September 2022.

Rate Change Summary:

• 0.5 increase to all 2 year fixed rate products
• 0.2 increase to all variable rate products
• 0.4 increase to all 5 year fixed rate products
• Regulated Bridge: 0.10 increase to monthly Prime Plus rates, 0.05 increase to monthly Prime rates, and 0.05 increase to monthly Progress rates

Key dates:

• For any cases loaded onto MBV, or before 1st September 2022, the former pricing will be honoured. For any new cases loaded on, or after, 2nd September 2022 the new pricing will apply.
• They will require fully submitted cases on the former rates to be with their underwriting team by 17:00 on Friday 16th September.
• ALL pipeline applications, which are not on this new product range will need to be offered by 17:00 on Friday 14th October.

Call the impact team today on 01403 272625 to find out more.

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01/09/2022 - Dudley: SVR is increasing

Following the Bank Base Rate change on the 4th of August, the Societys Standard Variable Rate SVR will be increasing by 0.25 per cent on 1st October 2022.

Their SVR rate for residential mortgages will increase to 5.99, and their buy to let, holiday let and self build SVR rate will increase to 6.49.

Dudley BS want to ensure that you are informed of any rate changes prior to completion. So, they have outlined what they will be changing below, depending on the mortgage product type that has been applied for.

Fixed rate applications
If you have applied for a fixed rate product, this SVR change will not affect the initial monthly payment figure. However, once the fixed term period finishes the reversion rate will be 0.25 per cent higher than when you originally applied.

Variable rate applications
If you have applied for a variable rate product, this SVR change will affect the initial monthly payment figures, and the rate will increase by 0.25 per cent.

Discounted rate applications
If you have applied for a discounted rate product, this SVR change will affect the initial monthly payment figures, and the rate will increase by 0.25 per cent. If the product discount is set for a period of time, eg a two year discount, the reversion rate will also increase by 0.25 after the discounted period finishes.

What happens next?

• If your application has already been offered when the rate change is completed, the application will not need to be reassessed. A new offer will be produced based on the SVR change and sent out to all parties.
• If your application is at pre offer stage when the rate change is completed, the application will be assessed under the newly increased interest rates that are applicable.

Call the impact team today on 01403 272625 to find out more.

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01/09/2022 - Foundation: Withdrawal Notice

On Monday 5th September at 5:30 pm, Foundation Home Loans will be withdrawing their Buy to Let F1 5 year fixed large loan of 5.09 per cent to 65 LTV. This product will not be replaced.

Any DIPs on this product will need to be submitted by 5:30 pm on Monday 5th September, which will secure the product until Monday 12th September 2022.

The DIP must be converted to full FMA and submitted before 5:30 pm on Mondy 12th September.

DIPs relating to this product, which have not been converted to FMA and submitted by 5:30 pm on Monday 12th September will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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31/08/2022 - Kent Reliance: BTL Withdrawal

Kent Reliance wants to let you know that they are withdrawing their 5 year fixed rate buy to let products from 5 pm today.

To secure a 5 year fixed rate from their current range you must have reached the Full application pending stage before 5 pm today, Wednesday 31 August.

Full packaged cases, including the valuation report and all essential documents, must be received by 5 pm on Wednesday 7th September. 

Call the impact team today on 01403 272625 to find out more.

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31/08/2022 - Shawbrook Advanced Notice

Shawbrook Bank are writing to inform you of some upcoming changes to their Buy to Let, Commercial and Semi Commercial, Seconds and Bridging products, with the following effective from Friday 2nd September.

• Bridging: Simplification of their proposition by creating a single pricing structure for loans up to 25M, and an increase of their arrangement fee to 2 per cent
• Buy to Let: Introduction of a new price point for loans under 150k and rate increases from 0.1 to 0.5 on all other products
• Commercial and Semi Commercial: Removal of 55 LTV pricing band on small loans and rate increases of up to 0.4
• Seconds: Rate increases from 0.4 to 0.64 across the range of products

Shawbrook are all navigating a new environment with more frequent increases to interest rates than they have been used to. Their priority is to minimise the impact on you and your customers. These decisions are not taken lightly, and they have worked hard to balance maintaining a competitive proposition whilst minimising the number of pricing changes that they need to make.

Pipeline: All cases where at least an IMO has been issued that is less than 14 days old before 5 pm on Thursday 1st September will be honoured on the existing rates. However, there is no change in case status within 14 days of the IMO being issued, the case will have to proceed on the new rate and arrangement fee detailed above, if applicable.

Call the impact team today on 01403 272625 to find out more.

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31/08/2022 - Kensington Full Price Change

As of the close of business Thursday 1st September, Kensington will be repricing all Residential and Buy to Let products, excluding Flexi Fixed for Term. Full details will be available when the products are launched on Friday morning. Please see the submission deadlines below.

• Decision in Principle Illustration produced AND the Mortgage Application commenced by 5 pm Thursday 1st September.
• Full Mortgage Application submitted by 5 pm on Wednesday 7th September

Unfortunately, Kensington will be carrying out some important maintenance work this weekend so please note that their broker portal will be unavailable. Please prioritise submissions accordingly in order to secure product rates.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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30/08/2022 - Landbay Product Update Notice

Landbay has updated their buy to let products today.

To secure the rate on applications where a product from their previous range has been selected before 23:59, 26.08.20222, please action all of the following by 23:59 on 31.08.2022.

• You have submitted the full mortgage application
• All applicants have accepted the application form
• The 175 admin fee has been paid

Please be assured Landbays new rates will remain highly competitive. 

Call the impact team today on 01403 272625 to find out more.

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26/08/2022 - Power Cut at Impact HO

Please note that due to a power cut across Horsham, our offices currently have no internet or phones (expected until 5 pm). For urgent assistance, please email info@impactsf.co.uk and we will action asap.

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26/08/2022 - Kensington Product Update

Please be aware that new Kensington products are now live.

Please also note that their Hero product range now matches their standard age criteria, removing the maximum age of 40. You do not put an age limit on being a Hero, and neither do they!

Please note, for applications from Northern Ireland, these are subject to product availability, the maximum LTV is 80 per cent 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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25/08/2022 - UTB BTL Update

Following the Bank of England Base Rate change earlier this month, they have updated their BTL products. New interest rates will take effect from Thursday 25 August.

They will honour their previous interest rates for any applications created prior to this date, regardless of current application stage, provided a Mortgage Offer is issued on or before Wednesday 12 October.

BTL Product Update
All Standard, Specialist and Non Standard products have been updated. Highlights include:

Standard Products:
2 year fixed rates from 4.99
5 year fixed rates from 5.09
Max loan increased to 1.5M

Specialist Products:
2 year fixed rates from 4.99
5 year fixed rates 5.09
Max loan increased to 1.5M

Non standard Products:
2 year fixed rate from 5.39
5 year fixed rates from 5.49
Broker Commission increased to 1.50 gross
Max LTV increased to 80 LTV
Max loan increased to 1.5M

Call the impact team today 01403 272625 to find out more. 

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25/08/2022 - UTB Product Update

Following the Bank of England Base Rate change earlier this month, they have updated their Residential Mortgage and Second Charge Loan products.

New interest rates will take effect from Thursday 25th August. They will honour previous interest rates for any applications created prior to this date, regardless of current application stage, provided a Mortgage Offer is issued on or before Wednesday 12 October.

Mortgages Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated. Highlights include:

• 2 year fixed rates from 4.89
• 3 year fixed rates from 5.04
• 5 year fixed rates from 5.09
• 5 year fixed rates with no ERC from 5.44
• ERCs reduced on all plans
• 2 Status Purchase and Remortgage plans now available to 80 LTV 
• Unencumbered 1 and 2 Status fixed rates reduced by up to 2.55

Second Charge Loans Product Update
All second charge products have been updated. Highlights include:

• BoE Tracker rates from plus 5.39 percent
• 2 year fixed rates from 5.39
• 3 year fixed rates from 5.49
• 5 year fixed rates from 5.59
• 5 year fixed rates with no ERC from 5.89
• Max loan increased to 500k on all products
• ERCs reduced on many plans

Call the impact team today on 01403 272625 to find out more.

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25/08/2022 - They are back! TML BTL Updates

As of Wednesday 24th August 2022, The Mortgage Lender has launched their new Buy to Let mortgage range. They have a number of BTL Core, Holiday Let, Short Term Lets and Expat products.

TML Four Pillars of Lending:

Self Employed

• 1 year trading up to 85 LTV
• Latest years figures used for affordability
• Profit before tax plus Director Salary
• COVID Impacted Accounts
• Loans up to 1M

Complex Income

• Multiple income sources consider for affordability
• Up to 100 per cent of Overtime, bonus and affordability
• Contractors, Day Rate at 48 weeks, new and existing
• CIS workers are treated as employed, 2 month payslips
• Maintenance, Child benefits, Investment income and Rental income can all be included

Credit Impairment

• Up to 3 CCJs and 4 defaults in the last 3 years, 0 in 6 months
• Up to 4 missed mortgage payments in the last 2 years, 0 in 12 months
• Bankruptcy and IVA considered 12 months from discharge date
• Pay Day Loan in the last 12 months considered
• Utility and communications missed payments and defaults not treated as adverse

Buy to Let

• Individual, Limited Company and Trading Company, including intercompany loans
• Background portfolio assessed at 125 per cent at 5.5 for ALL borrowers
• Up to 5M of borrowing with TML
• HMO, MUB, Expat and Holiday Lets all considered
• No Minimum Income, exc Expat

Call the impact team on 01403 272625 to find out more.

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25/08/2022 - Kensington Product Repricing

Kensington Mortgages wanted to give you advanced notice ahead of their brokers that as of 5 pm on Thursday 25th August, they will be withdrawing all Residential and Buy to Let Special Edition products, and all 90 LTV and 95 LTV products that carry an arrangement, completion fee.

In addition to the above, they will be repricing all remaining 70 to 85 LTV products across all ranges.

Please ensure that the DIP is fully submitted and the application has been started before COB on the above date to ensure that the product is secured.

The Full Mortgage Application must be fully submitted by 5 pm on Wednesday 31st August.

Call the impact team today on 01403 272625 to find out more.

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18/08/2022 - Dudley: Additional Product Withdrawals

From 5pm on Friday 19th August 2022, Dudley will be temporarily withdrawing all mortgage products available on their website. 

Due to increasing demand for their specialist mortgage offering, they are receiving a continuously high volume of mortgage applications. This increasing volume of applications has impacted their service levels, which their dedicated Intermediary Support Team have been working to reduce.

To allow their dedicated team the ability to continue to effectively underwrite and assess each application received, they have made the decision to withdraw the below products by close of business on Friday 19th August 2022.  

25069    Discount for Term Expat Holiday Let

13141    Discount for Term Expat Resi

25070    Discount for Term Expat BTL

13142    Discount for Term Shared Ownership

13144    Self-Build Discount for Term Advance

13145    Self-Build Discount for Term  Arrears

13146    Eco Self-Build Discount for Term Advance

13147    Eco Self-Build Discount for Term Arrears

25059    Three Year Fixed Energy Efficient BTL

25068    Discount for Term Holiday Let

13138    Discount for Term Interest Only

13139    Discount for Term Part and Part

10095    Two Year Fixed Energy Efficient Remortgage

Any DIPS received prior to 5pm on Friday 19th August 2022 will be honoured, along with any applications or offers on these products in their pipeline. All applications must be fully packaged by Friday 2nd September 2022 to be accepted.

Only certain exclusive mortgage products will remain available for new applications.

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17/08/2022 - Dudley: Mortgage Product Withdrawals

In order to continue to maintain their service standards and competitive position within the market, they are withdrawing their: 

• 1.60 Two Year Discount Residential, 13135
• 1.50 Discount for Term Residential, 13136

The changes will be in effect from the close of business on 18th August 2022.

Any DIPs received prior to 5 pm on 1st September 2022 will be honoured, providing the application is received within 2 weeks. 

If you currently have any applications or offers on these products in their pipeline, these will also be honoured.

Please note, that Dudley BS are currently experiencing high volumes of applications. Their current turnaround times can be found on their website and are subject to change.

Call the impact team today on 01403 272625 to find out more.

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17/08/2022 - Saffron: Transparent Service Levels

Being totally transparent about Saffrons service levels.

Youll will no doubt be aware that things are taking longer than usual across the mortgage industry right now. At Saffron, both their processing and underwriting SLAs have increased significantly in the last week. This is a cause of regret to them, and they know it is causing you and your clients some concern, so Saffron wanted to get in touch to be totally transparent about the reasons behind this.

What is causing the delays?

• Increased Demand: All lenders are busy, but Saffrons specialist ranges have been particularly popular since they have been revamped to offer better value and more flexibility.
• Personal Underwriting: Using skilled and experienced underwriters is their most valuable asset. Buy because they are dealing with more complex cases, this naturally takes them more time to get right.
• COVID: The problems caused by the pandemic are still with Saffron, and some key members of their teams have been unwell recently. This has created more pressure on the remaining resources.
• Summer Holidays: Although carefully planned in advance, colleague holidays have compounded the issues above.

What are they doing to help improve service?

• They recently paused most new business so they can focus on your existing cases
• They have closed one of their branches early every day to move colleagues into the processing team.
• Their underwriters and processing teams are working record hours to work through cases at pace, including evenings and weekends.
• They are trying to reach brokers quickly by phone when they just need a simple answer.
• They have a dedicated team looking at ways to further reduced friction in their processes, so they can help avoid similar delays when they reopen for new business.

Call the impact team today on 01403 272625 to find out more.

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17/08/2022 - Foundation: Summer Special BTL

Do not forget Foundation Home Loans has recently launched a Summer Special Buy to Let product at 4.59.

And in addition, Foundation has current turnaround times of 1 day for DIP referral, application and underwriter review.

Features of this product:

• F1 5 year fixed rates at 4.59
• Up to 75 LTV
• Lender product fee 2 per cent
• One free standard valuation
• No lender application fee

The Summer Special is available for both limited companies and individuals looking to either remortgage or purchase.

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 company, 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 an individual or limited companies

How much?

• Up to 85 LTV and loans up to 2M on the core range
• ICR of 125 per cent 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

What for?

• 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 mortgages for properties with EPC rating A to C

Call the impact team today on 01403 272625 to find out more.

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17/08/2022 - Foundation: 1 Day Service, RESI Limited Edition

Do not miss out on Foundation Home Loans pair of LIMITED EDITION fee assisted residential products, they will not be around forever!

In addition to these Limited Edition products, new applications are being reviewed within 1 day currently and the wait time for an underwriter to review, once all requirements including valuation are met, is 1 day for residential cases.

Residential Limited Edition product features:

• F1 2 year fixed rate at 4.74
• F1 5 year fixed rate at 4.99
• 65 LTV
• 795 Lender product fee
• No application fee and one free standard valuation
• Maximum loan 2M
• Purchase and Remortgage

Call the impact team today on 01403 272625 to find out more.

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16/08/2022 - Kensington: Product Update

Please be aware that new Residential 90 and 95 LTV products are now live. Kensington now has 2 year Assisted Deposit products available as well. The following new special edition products are now live:

BTL Special inc Ltd Co:

• 75 LTV, 5 year fixed, 4.54, 1.75 fee

Residential Specials:

• 75 LTV, 2 year fixed, 3.95, 999 fee
• 75 LTV, 5 year fixed, 4.65, 999 fee
• 80 LTV, 2 year fixed, 4.25, 999 fee
• 80 LTV, 5 year fixed, 4.99, 999 fee

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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15/08/2022 - UTB: Criteria Updates

On Wednesday 17th August, United Trust Bank will reduce their minimum income for all Residential Mortgage and Second Charge Loan applications back to 15k. This will benefit all pipeline cases and any DIP from 9 am on 17 August, regardless of the current process stage.

Identification and Security Checks
In 2020 UTB introduced the UTB Chat Hub App, which allows customers to complete their ID verification and pre offer security checks quickly and easily through their smartphones. Around 98 per cent of all applications undertake this journey already, as opposed to other more manual methods. Moving forward, as part of their commitment to preventing financial crime, they will require all applicants to complete their ID verification through the UTB Chat Hub App. Where applicants do not have a smartphone, then they will now only accept Independent Legal Advice as an alternative.

24hr SLA
UTB are pleased that despite record levels of new business they have maintained their commitment to a 24hr SLA. Following the successful recruitment of additional stagg in the last few weeks, they are confident they will continue to meet this SLA commitment in the future.

Call the impact team today on 01403 272625 to find out more.

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15/08/2022 - Precise: Refreshed BTL Range

Pepper Money has updated their Buy to Let and Limited Company Buy to Let ranges from their Pepper 60 to Pepper 24 product tiers.

Whether your customer is a first time landlord, a landlord who would like to grow their portfolio, or someone looking to raise capital on an existing property, their Buy to Let range could be ideal.

Peppers speedy service, expert Regional Development Managers and dedicated Case Owners are here to support your customers with their investment ambitions.

Here is how your Buy to Let customers could benefit from Pepper:

• Capital Raising is permissible, without LTV restriction
• Within 24 hours, they aim to assess documents and undertake an underwriting assessment
• No cumulative per cent LTV, gearing limit or overall debt limit is set on the background portfolio
• Calls to their Telephony Sales Team and Case Owners are answered on average in less than 1 minute
• No limit to portfolio size and background portfolios not stressed using notional rate

Call the impact team on 01403 272625 to find out more.

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12/08/2022 - Shawbrook: Service Levels Update

Shawbrook Bank has recently reached out to advise that their SLA across Commercial Investment and Buy to Let cases were higher than usual.

They remain committed to being open and transparent with you, their trusted broker partners. As such, they would like to advise that due to a large flow of cases, it is now taking a minimum of 25 days to review valuations on Commercial Investment and Buy to Let cases.

They are working extremely hard to reduce this and reach an acceptable level of service as soon as possible. In the meantime, so they can deal with your case as efficiently as possible, please ensure all formal applications are fully packaged before submission. 

Shawbrook are extremely grateful for your continued support.

Call the impact team today on 01403 272625 to find out more.

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12/08/2022 - HTB: Rate Increase

Please be aware that from Monday 15th August, both Hampshire Trust Banks buy to let and semi commercial rates will be increasing by 0.50 across the board.

Any deals that are submitted by 5:30 pm today, Friday 12th August will secure the current rates, and their DIPs are valid for 30 days. 

For any deals submitted after 5:30 pm, these will be on the increased rates.

Call the impact team today on 01403 272625 to find out more.

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12/08/2022 - Kensington: Product Update

As of the close of business Monday 15th August, Kensington Mortgages will be repricing all 90 LTV and 95 LTV products, excluding Flexi Fixed for Term. Details will be sent out when they are launched on Tuesday morning. Please see the submission deadlines below:

Decision in Principle Illustration and the FMA commenced by 5 pm Monday 15th August.
Full Application submitted by 5 pm on Sunday 21st August.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 per cent with 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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11/08/2022 - Family BS: Temporary Withdrawal

Due to the recent influx of business and also the recent base rate rises, Family Building Society is temporarily withdrawing all their fixed rate product offering effective from 12th August at 5 pm for New Business.

Please ensure any cases you have are fully submitted on the Mortgage hub or via paper application by this date and time with the full packaging provided.

Family BS want to ensure they can provide you and your clients with a good service, and as you are aware, their SLAs have had a dramatic increase in the last month and they need to catch up.

From their understanding they are looking at reentering on the 5th Septemeber, but will keep everyone updated.

Call the impact team today on 01403 272625 to find out more.

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10/08/2022 - Pepper Money: Product Withdrawal Notice

Pepper Money are making some changes to their Buy to Let and Limited Company Buy to Let ranges. These changes will be implemented overnight on Friday 12th August.

If you have any customers wishing to take advantage of their current range then please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected, by 5 pm on Friday 12th August.

All Full Mortgage Applications for their current BTL and LCBTL product range must be fully submitted, with upfront fees paid, by 5 pm on Wednesday 17th August.

Call the impact team today on 01403 272625 to find out more.

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09/08/2022 - HTB: Increased Rates

Hampshire Trust Bank are writing to advise you of an increase in their lending rates for their Buy to Let and Semi Commercial products effective from Monday, 15 August.

After edging up by a quarter point at a time, it has now been announced that the Bank of England base rate has risen to 1.75, a jump of 0.50 per cent, the highest single increase in 27 years.

Inflation headlines have become the norm, with the current inflation rate sitting at a 40 year high of 9.4 per cent, with a suggestion it will hit above 13 per cent by October. And, of course, the mortgage market will reflect this squeeze.

As you know, HTB always wants to work with you to support you and your clients, but to do this they need a sustainable commercial model. That has led to their decision to increase their 2 and 5 year fixed rates by 0.50 per cent for both Buy to Let and Semi Commercial products. Again, as they have communicated to you in the past, their rates could well increase further but they will take a cautious approach as and when they need to, to ensure you have clarity.

As part of their commitment to you, they will always endeavour to give you as much notice of any rate increase to help you manage your business. They know your clients have more complex mortgage requirements, and with interest rates rising, it is now more important than ever to work with a lender that can offer speed and efficiency whilst facing such turbulence in the market,

To enable you to manage your application pipeline and indeed your clients expectations, they will accept any DIPs on current rates up until the closing of business, Friday 12 August, with their new rates coming into effect by Monday, 15 August. They will honour DIP up to, and including Friday 9 September, subject to the valuation having been instructed and you have uploaded all the requested documents, please remember to click SUBMIT.

So, from Monday, 15 August, their rates will increase and an updated rate card will be available on the website and in PUMA.

Call the impact team today on 01403 272625 to find out more.

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08/08/2022 - Precise: BTL and RESI Withdrawal

Precise Mortgages are withdrawing the following products from their buy to let and residential mortgage ranges today, 8th August 2022.
Buy to Let:

• 70 LTV products
• 5 year fixed rate limited company and limited company HMO products

Residential:

• 5 Year fixed rate products from tier 1 and tier 2 ranges
• Tier 5 products
• DMP products

To secure a product from their current ranges you must fully submit your applications before 8 pm today.

Call the impact team today on 01403 272625 to find out more.

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08/08/2022 - Kent Reliance: Product Withdrawals

Kent Reliance wants to let you know that they are making the following changes to their buy to let and residential product ranges from 5 pm today. 

Buy to Let Withdrawals:

• 80 LTV Buy to Let products

Residential Withdrawals:

• Core Range:
• 5 year fixed rate products
• 90 LTV products
• Income Flexibility Range
• Extra Flexibility Residential Range

To secure a product from their current range you must have reached the fees paid stage before 5 pm today, Monday 8th August with the valuation instructed by 5 pm on Monday 15th August.

Call the impact team today on 01403 272625 to find out more.

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08/08/2022 - Shawbrook Bank: Updates

Following the advanced notice last week, Shawbrook Bank that they can confirm that we have increased rates across their Buy to Let, Commercial and Semi Commercial products.

Effective today, Shawbrook has:

• Increased their fixed rates across their Digital Buy to Let products by 0.50 to 0.80 per cent
• Increased their fixed rates across their Specialist Buy to Let products by 0.15 to 0.30 per cent
• Increased their fixed rates across their Commercial and Semi Commercial products 0.10 to 0.50 per cent

Also, following the Bank of England base rate increase announced on Thursday 4 August, Shawbrook Base Rate SBR has increased by 0.50 to 1.75, impacting their variable rates across their Buy to Let, Commercial and Semi Commercial products.

Pipeline: All cases where at least an IMO has been issued, less than 14 days old, before 5 pm on Friday 5 August will be honoured on the previous rates. However, if there is no change in the case status within 14 days of the IMO being issued, the case will have to proceed on the new rates detailed above.

Call the impact team today on 01403 272625 to find out more.

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04/08/2022 - Foundation: New BTL Summer Special

As of today, Thursday 4th August 2022, Foundation Home Loans has launched a Summer Special Buy to Let product. The features of this product include:

• F1 5 year fixed rate at 4.59
• Up to 75 LTV
• Lender product fee 2 per cent
• One free standard valuation
• No lender application fee

The Summer Special is available for both limited companies and individuals looking to either remortgage or purchase.

In addition to this new Summer Special product, Foundation has current turnaround times of 1 day for DIP referral, application and underwriter review.

Why use Foundation for your next BTL case?
Who for?

• 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 minimum income or employment, self employment history
• First time landlords considered
• Expats considered as individuals or limited companies

How much?

• Up to 85 LTV and loans up to 2M on the core range
• ICR of 125 per cent 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

What for?

• 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 mortgages for properties with EPC rating A to C

Call the impact team today on 01403 272625 to find out more.

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03/08/2022 - Saffron: Temporary Product Freeze

Your business is very important to Saffron, as is their commitment to providing the best possible service to you.

Following very high demand across their specialist range and other changes in the market, they will be withdrawing all their products with the exception of Self Build from Thursday 4 August 2022 at 5 pm. To secure the current products, they will require a Full Mortgage Application submitted with fees paid if applicable by 5 pm on Thursday 4 August.

Their Self Build range, including the discounts advertised in their current Self Build Summer Sale, will continue to be available.

Why they are doing this
They have recently communicated how the unprecedented demand for their wide range of specialist products has been impacting their service levels. It is their fundamental principle to provide you and your clients with the best possible service, and this includes returning to their typical timeframes as soon as they can.

This short, temporary pause will allow their teams to focus their efforts on delivering the best possible service now and allow them to return to service levels to which you have become accustomed.

Call the impact team today on 01403 272625 to find out more.

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02/08/2022 - Precise: BTL Product Withdrawals

Precise Mortgages are withdrawing their current range of 75 LTV Buy to Let mortgage products on Thursday 4 August 2022.

To secure a 75 LTV product from their current buy to let range you must fully submit your applications before 8 pm Wednesday 3 August 2022.

Their 70 and 80 LTV products and their recently enhanced refurbishment buy to let range will remain unchanged.

Call the impact team today on 01403 272625 to find out more.

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02/08/2022 - Foundation: Product Withdrawal Notice

On Wednesday 3rd August 2022 at 5:30 pm Foundation Home Loans will be withdrawing their BTL Limited Edition, F1 75 LTV, 5 year fixed rate at 4.99, and replacing it with a new rate.

Any DIPs on the existing product will need to be submitted by 5:30 pm on Wednesday 3rd August, which will secure the product until Wednesday 10th August. The DIP must be converted and submitted as a full FMA before 5:30 pm on Wednesday 10th August.

DIPs relating to this existing product, which have not been converted and submitted as FMAs by 5:30 pm Wednesday 10th August, will no longer be valid.

Call the impact team today on 01403 272625 to find out more.

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02/08/2022 - Kensington: Product Update

Please be aware that Kensington Mortgages new BTL 75 and 80 LTV products are now live.

Please note, for applications from Northern Ireland, these are subject to product availability, 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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01/08/2022 - Shawbrook: Advanced Notice

Shawbrook Bank wanted to inform you of some upcoming changes to their Buy to Let, Commercial and Semi Commercial products, with the following being effective from Monday 8 August 2022.

• Increasing their fixed rates across their Digital Buy to Let products by 0.50 to 0.80 per cent
• Increasing their fixed rates across their Specialist Buy to Let products by 0.15 to 0.30 per cent
• Increasing their fixed rates across their Commercial and Semi Commercial products by 0.10 to 0.50 per cent

Shawbrook will also be keeping a close eye on potential Bank of England base rate changes on Thursday 4 August, which they expect will impact their variable rate. Any changes will be communicated to you, and go live, on Monday 8 August.

Pipeline: All cases where an IMO has been issued that are less than 14 days old, before 5 pm on Friday 5th August will be honoured on the existing rates. However, if there is no change in the cases status within 14 days of the IMO being issued, the case will have to proceed on the new rates detailed above if applicable. 

Call the impact team today on 01403 272625 to find out more.

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01/08/2022 - Tipton: New Products

The Tipton and Coseley Building Society has updated their Buy to Let, Residential for Purchase and Residential for Remortgage product ranges.

Main changes include:

• 6x Income product is still a discount of 2.50 per cent from the SVR, but SVR has increased by 0.25 per cent, and interest rate increased by 0.25 per cent, they will also now have early repayment.
• Removal of Assist to Buy product, discount products only.
• Addition of a new 3 year fixed product at 95 LTV at 3.99

New criteria updates:

• Accept gifted deposits from cousins, and consider close associates if an underwriter agrees.
• Foster carer income accepted, subject to 12 months of continuous income. Income used is gross of the last 12 months. Evidence of ongoing entitlement is required.
• Up to 70 LTV on residential interest only using the sale of a mortgaged property as the repayment vehicle subject to 200k equity. The previous policy allowing up to 75 LTV with a repayment vehicle still applies.
• Maximum term of 40 years for both RESI and BTL.
• Contractors now must have 3 months remaining on the contract
• Consider up to 3 payday loans within the last 12 months subject to an underwriter agreement.
• Limited Company, Sole Trader, PAYE employed contractors income now based on day rate x 240
• Flats minimum value of 100k outside m25 and 250k inside m25
• Flats must be 35 square meters or more.

Call the impact team today on 01403 272625 to find out more.

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29/07/2022 - Vida: Product Change Notification

Please note that Vida will be withdrawing selected 5 year BTL and  Residential products from 6:00 pm on Sunday 31st July. Replacement products will be available from Monday 1st August.

Transition arrangements
Decisions in Principle must be submitted, with the product selected by 6:00 pm on Sunday 31st July.

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 6:00 pm on Tuesday 2nd August.

Where either fees have not been paid, or mandatory documents not uploaded by Tuesday evening the case will be returned to the DIP stage and a product from the new range will need to be selected.

Call the impact team today on 01403 272625 to find out more.

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29/07/2022 - Precise: Enhanced Refurb BTL

Introducing Precise Mortgages enhanced refurbishment buy to let proposition. Refurbishment buy to let combines short term finance with the security of a long term exit and has helped hundreds of landlords maximise their rental yields and optimise the capital value of their properties.

And to enable you to support even more of your customers, Precise Mortgages enhanced their proposition to give a choice of three exit products, depending on the type of refurbishment work being carried out.

So whether they are fitting a new kitchen, looking to improve the energy efficiency of a property by installing double glazing or refurbishing a property that already has a high EPC rating, their new offering could tick all the boxes.

1. Standard refurbishment: Rates from 3.99. Refurbishment work to make a property habitable such as installing a new kitchen or bathroom.
2. Energy efficiency refurbishment: Rates from 3.89. Refurbishment includes some elements of energy efficiency such as fitting a new boiler or double glazing.
3. EPC C plus refurbishment: Rates from 3.79. Refurbishment of a property that already has an EPC rating of C or above, or is awarded a C rating as a result of the improvement work.

When you take out refurbishment buy to let with Precise Mortgages, you will benefit from:

• One expert: Underwriter providing support with every step of the way
• One application: Which they will key for you
• One valuer: For both the bridging finance and buy to let mortgage
• One conveyancer: With discounted legal fees
• Two procuration fees: Payments
• Two offers: Issued simultaneously
• Not only that, but customers can also choose between serviced or retained interest payments during the refurbishment stage, and there is also the added peace of mind of knowing that the rate on offer is the rate they will get at valuation.

Call the impact team today on 01403 272625 to find out more.

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29/07/2022 - Kensington: Product Update

As of the close of business Monday 1st August, Kensington Mortgages will be removing all BTL 2 year 80 LTV products. These will be replaced with new BTL 2 year 80 LTV products, details of which will be sent out when they are launched on Tuesday morning. Full details of the products being withdrawn and submission deadlines are below:

BTL Core:

• 80 LTV, 4.49, 1999 fee
• 80 LTV, 2 year, 4.69, 1.50 fee
• 80 LTV, 2 year, 5.04, no fee, FV,FVFL,FVCB250

BTL eKo Reward:

• 80 LTV, 2 year, 5.04, no fee, FV

BTL eKo:

• 80 LTV, 2 year, 5.04, no fee, FVCB1000, FVFLCB1000

BTL Specialist HMO, MUB:

• 80 LTV, 2 year, 4.68, 1999 fee
• 80 LTV, 2 year, 5.09. 1.50 fee

Decision in Principle Illustration produced and the FMA commenced by 5 pm Monday 1st August. Full Application submitted by 5 pm on Sunday 7th August.

Call the impact team today on 01403 272625 to find out more.

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28/07/2022 - Foundation: Launch RESI Limited Edition

As of Thursday 28th July 2022, Foundation Home Loans has launched a pair of fee assisted Limited Edition residential products. The features include:

• F1 2 year fixed at 4.74
• F1 5 year fixed at 4.99
• 65 LTV
• 795 lender product fee
• No application fee and one free standard valuation
• Max loan 2M
• Purchase and Remortgage

The Limited Edition product also benefits from one free standard valuation and no lender application fee. It is available for owner occupiers looking to purchase or remortgage, on a capital and interest or interest only basis and has a maximum loan size of 2M.

In addition to this new Limited Edition product, new applications are being reviewed within 1 day and the wait time for an underwriter to review, once all requirements including valuation are met is 2 days for residential cases.

Call the impact team today on 01403 272625 to find out more.

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28/07/2022 - Kensington: Product Update

Please be aware that Kensingtons new Flexi Fixed for Term products are now live.

Kensingtons Flexi Fixed for Term mortgage range has proved very much more popular than they had anticipated. As a result, and in order to maintain their LTI standards they will be limiting all borrowers to a maximum of 4.49x LTI.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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28/07/2022 - Precise: Refurb BTL Changes

Precise Mortgages are replacing their current range of buy to let exit products from their refurbishment buy to let range. To secure a product from their current range you must fully submit your applications before 8 pm, Thursday 28 July 2022.

Their new range will feature a choice of three exit products depending on the type of refurbishment works being completed, including standard, energy efficient and EPC C plus refurbishment. Keep an eye out for their launch email later this week with full details available on their website from 9 am on Friday 29 July 2022.

Call the impact team today on 01403 272625 to find out more.

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27/07/2022 - Dudley: 3 Year Fixed Withdrawals

In order to continue to maintain Dudleys service standards and competitive position within the market, they are withdrawing their:

• Three Year Fixed Rate, 10086
• Three Year Fixed Rate Remortgage, 10087

The changes will be in effect from the close of business on Thursday 28th July 2022.

Any DIPs received prior to 5 pm on Thursday 28th July will be honoured, providing the application is received within 2 weeks. If you currently have any applications or offers on these products in their pipeline, these will also be honoured.

Please note Dudley are currently experiencing high volumes of applications. Their current turnaround times can be found on their website and are subject to change.

Call the impact team today on 01403 272625 to find out more.

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27/07/2022 - Shawbrook: Service Levels

Shawbrooks team is dealing with a large volume of cases resulting in longer processing times than usual.

Shawbrook are currently taking up to 15 days to review valuations for Commercial and Buy to let cases. They are working hard to reduce this and reach an acceptable level of service as soon as possible.

In the meantime, so Shawbrook can deal with your case efficiently as possible, please ensure all formal applications are fully packaged before submission. 

They will continue to be open and transparent with you about their SLAs and will communicate further updates when necessary. Shawbrook are extremely grateful for your support and are working hard to deliver a service standard to be proud of.

Call the impact team today on 01403 272625 to find out more.

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27/07/2022 - Pepper: Rate Changes

Pepper Money is making changes to their Residential range. These changes will be implemented overnight on Friday 29th July.

If you have any customers wishing to take advantage of Peppers current range then please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected, by 5 pm on Friday 29th July.

All FUll Mortgage Applications FMAs for their current product range must be fully submitted, with upfront fees paid, by 5 pm on Friday 5th August.

Call the impact team today on 01403 272625 to find out more.

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27/07/2022 - Vida: Product Change Notification

Please note that Vida will be withdrawing all 2 year BTL and 2 year Residential products from 6:00 pm on Wednesday 27th July. These will not be replaced in the short term.

Transition arrangements

• The decision in Principle must be submitted, with the product selected, by 6:00 pm on Wednesday 27th July.
• 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 6:00 pm on Friday 29th July.
• Where either fees have not been paid, or mandatory documents not been uploaded by Friday evening, the case will be returned to the DIP stage and a product from the new range will need to be selected.

Call the impact team today on 01403 272625 to find out more.

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26/07/2022 - UTB: Product Reminder & SLA Update

Following the most recent increase to the Bank of England Base Rate, United Trust Bank has updated its interest rates for all of its Residential Mortgage, BTL and Second Charge Loan products. These changes took effect from Wednesday 29th June with an agreement to honour their previous interest rates for any applications created prior to this date, regardless of current application state, provided a Mortgage Offer is issued on or before Friday 29 July.

24hr Service Level
The specialist market is seeing a surge in demand at a time when Lenders, regardless of funding strategies, are quickly trying to adapt to activity levels and manage the cost of funds whilst having an eye on surging inflation and increases in the cost of living. Most Lenders have made operational or product changes designed to maintain service levels, for the benefit of their Brokers and Consumers, given service has always been a key differentiator for the specialist market. It is their belief most Brokers and Lenders should be applauded for working together to protect Consumers experience despite this period of flux, and for taking the necessary steps to protect the traditionally high service standards in the market in general. Despite business levels maintaining at an all time high UTB are proud to confirm that their Underwriting and Sales team are currently operating at the following Service Levels:

• New submissions, all product sets, 90 per cent within 24hrs
• Outstanding post, 90 per cent within 24hrs
• New Enquiries, 90 per cent within 24hrs

Call the impact team today on 01403 272625 to find out more.

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25/07/2022 - Kensington: Product Update

Please note that Kensington Flexi Fixed for Term products will be available again on Thursday 28th July. In order to maintain their LTI standards when they relaunch the product next week, they will limit all borrowers to a maximum of 4.49x LTI.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with 500k maximum loan size and no free legal apply. 

Call the impact team today on 01403 272625 to find out more.

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21/07/2022 - Foundation: New Limited Edition BTL

Today Foundation Home Loans has launched a new Limited Edition Buy to Let product.

Highlights of this product include:

• F1 5 year fixed rate at 4.99
• Up to 75 LTV
• One free standard valuation
• No lender application fee
• Lender product fee 2 per cent

In addition to this new limited edition product, new BTL applications are being reviewed within 1 day currently and the wait time for an underwriter to review, once all requirements, including valuations, are met is also 1 day.

Call the impact team today on 01403 272625 to find out more.

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21/07/2022 - Precise: New 70 LTV BTL Rates

Precise Mortgages know it is important that landlords have as much choice as possible, so they are expanding the LTV options to them by launching a new range of 70 LTV rates and reintroducing 75 LTV products.

Highlights:

• New 70 LTV range with rates from 3.69
• Reintroduction of 75 LTV rates
• Available to personal ownership, limited company, HMO and limited company HMO landlords

Criteria:

• Portfolio Landlords: Up to 20 properties to a total value of 10M with Precise, no limit on the number or value held with other lenders
• Limited Company Landlords: No limit on the number of director dependant shareholders under the age of 21
• Top Slicing: Available across their entire Buy to Let product range
• 5 Year Fixed: Affordability assessed at pay rate

Call the impact team today on 01403 272625 to find out more.

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21/07/2022 - Landbay: Rate Reprice

Landbay has updated their Buy to Let products to manage their service level commitments. There will be a grace period for existing approved DIPs on the withdrawn products to be fully submitted, fees paid, and applications signed by midnight on Thursday 21st July 2022.

If you have a case already fully submitted and for any reason you wish to change the rate brokers must notify before midnight on Thursday 21st July. These requests must be notified by email and a supporting phone call (lines close at 5:30 pm) to Landbays telephone or underwriting team to ensure they can make the amendments there and then.

As a side note, any applications in progress prior to the rate change will progress at the original rate agreed whether offered or not.

You can be assured Landbays new rates will continue to be highly competitive. They are committed to constantly reviewing their withdrawal processes to ensure there is minimal disruption to their brokers and their clients, they are taking this approach to protect their service commitments and to continue to offer excellent service.

Call the impact team on 01403 272625 to find out more.

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20/07/2022 - Saffron: Product Changes

Your business is very important to Saffron, as it is their commitment to providing the best possible service to you.

Following very high demand across their Specialist Range and other changes in the market, they will be withdrawing the below products on Friday 22 July 2022 at 5 pm.

Making product withdrawals less stressful for you
Saffron understands product withdrawal can cause additional pressure for you, especially during this busy time. To make things a bit easier, you just need to get a DIP accepted by 5 pm on Friday, 22 July in order to secure the product. You will then have a further 30 days to submit a Full Mortgage Application, with all relevant fees paid.

How to speed up your case
Please help us to help you more quickly by ensuring your case submissions are fully complete with all relevant documents uploaded. This really makes a difference to their processing time, and will ultimately ensure your case is assessed in the fastest possible time.

These selected withdrawals will help Saffron manage existing demand while continuing to offer you the good level of service you expect from them.

The following products will be withdrawn on Friday 22 July at 5 pm:

• Limited Company BTL, Initial Rate 3.87, Product Term fixed until 31.03.2025, Max 75 LTV, Arr Fee 1,999, Product Code DR1036
• Limited Company BTL, Initial Rate 4.07, Product Term fixed until 31.03.2028, Max 75 LTV, Arr Fee 1,999, Product Code DR1037
• FTB, Initial Rate 3.67, Product Term Fixed until 28.02.2025, Max 95 LTV, Arr Fee 999, Product Code DR1055

The rest of their products will remain on sale.

Call the impact team today on 01403 272625 to find out more.

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20/07/2022 - Foundation: BTL Limited Edition Launch

On the morning of 21 July 2022, Foundation Home Loans will launch a BTL Limited Edition product available at 75% LTV.

This product is available to individuals and Limited Companies and comes with 1 free valuation and the 125 application fee is waived.

Call the impact team today on 01403 272625 to find out more.

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19/07/2022 - Precise: Important BTL Changes

Precise Mortgages are replacing their current range of buy to let products. The new range will be available on their website from 9 am on Thursday 21 July 2022, and will feature:

• A new 70 LTV range
• The reintroduction of 75 LTV rates
• 2 Year fixed rates from 3.69
• 5 Year fixed rates from 4.09

To secure a product from their current range you must fully submit your applications before 8 pm, Wednesday 20 July 2022.

Call the impact team today on 01403 272625 to find out more.

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19/07/2022 - Dudley BS: SVR Rate Increase

In June, Dudley communicated that the Society Standard Variable Rate SVR would increase by 0.50. However, following the further Bank Base Rate change from 1.00 to 1.25 on the 16th of June, their SVR increased by 0.75 from the 1st of July 2022.

Their SVR rate for residential mortgages increased to 5.74, and their buy to let, holiday let and self build SVR rate increased to 6.24.

Keeping you informed of any rate changes prior to completion is important to Dudley. So, Dudley has outlined how their clients are affected, depending on the mortgage product type applied.

Fixed rate application
If you have applied for a fixed rate product, this SVR change will not affect the initial monthly payment figure. However, once the fixed term period finishes the reversion rate will be 0.75 higher than when you originally applied.

Variable rate applications
If you have applied for a variable rate product, this SVR change will affect the initial monthly payment figures, and the rate will increase by 0.75.

Discounted rate applications
If you have applied for a discounted rate product, this SVR change will affect the initial monthly figures, and the rate will increase by 0.75. If the product discount is set for a period of time, e.g a two year discount, the reversion rate will also increase by 0.75 after the discounted period finishes.

What happens next?

• If your application is at an offer stage when the rate change is completed, a new offer will be produced and sent out to all parties. Affordability may need to be reassessed depending on the rate type that has been applied for.
• If your application is at pre offer stage when the rate change is completed, the application will be assessed under the new rates that are applicable.

If your application has been affected by this SVR increase, Dudley will get in touch with you by the end of July.

Call the impact team today on 01403 272625 to find out more.

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15/07/2022 - Dudley BS: Product Changes

Dudley BS would like to thank you all for your continued support throughout 2022. They are currently seeing record volumes of new business submissions, this is partly due to the popularity of their products at present but is also primarily due to your championing of their criteria.

As you have probably noticed, their turnaround times have increased due to this popularity of late and the decision has been made to fan the flames by repricing a couple of their product areas.

With that in mind, as of Close of Business Monday, Dudley will be withdrawing their expat and shared ownership products with a view to relaunching them at a revised rate, which is yet to be confirmed. For any pipeline business, a fully packaged application must be submitted by 1st August to ensure the current rate is secured.

They expect their revised products to be launched on the 26th of August.

Call the impact team today on 01403 272625 to find out more.

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14/07/2022 - Dudley: 5 Year Fixed Launch

Dudley Building Society has launched a new Five Year Fixed Rate product, offering a loan to value up to 95 and a competitive rate of 3.69, available for purchase and remortgage.

The product has a 499 lender arrangement fee, includes a free valuation, and the Society will also pay for the higher lending charge on behalf of the borrower.

Product Highlight:

• Five Year Fixed Rate
• Product Code 10122
• Rate 3.69
• 95 LTV
• Min Loan 25k, Max Loan 1M
• ERC 3 per cent of the current balance for the first two years and 1 per cent for the remaining three years

On Monday 4th July, Dudley withdrew their 3.49 Five Year Fixed Rate 10105. As a reminder, they are only accepting fully packaged applications that have been accepted at the Decision In Principle stage until 5 pm Monday 18th July.

Please note Dudley are currently experiencing high volumes of applications. Their current turnaround times can be found on their website and are subject to change.

Call the impact team today on 01403 272625 to find out more.

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13/07/2022 - Kensington: Product Update

As of close of business today, Kensington Mortgages will be withdrawing their Special Residential 85 LTV at 4.09 and 4.29 products.

Please note the submission deadlines below:

• The decision in Principle Illustration produced and the FMA commenced by 5 pm today.
• Full Application submitted by 5 pm on Tuesday 19th July.

Please note, for applications from Northern Ireland, these are subject to product availability, maximum LTV is 80 with a 500k maximum loan size and no free legal apply.

Call the impact team today on 01403 272625 to find out more.

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11/07/2022 - Vida: Product Withdrawal Notification

Please note that Vida will withdraw a selected number of its BTL products from 6:00 pm on Tuesday 12th July ahead of the launch of new BTL products on Wednesday 13th July.

Transition arrangements

• Decision in Principle must be submitted, with the product selected, by 6:00 pm on Tuesday 12th July.
• 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 6:00 pm on Thursday 14th July.

Call the impact team today on 01403 272625 to find out more.

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11/07/2022 - UTB: Minimum Income Update

From 09:00 on Wednesday 13 July, the minimum primary applicant income for Residential Mortgage and Second Charge Loans will become 35k. The DIP will be updated to reflect this change. Interest Only products will still require a 50k minimum income.

DIP approve decisions provided before 13 July where the primary applicant income is lower than B#35k will remain valid providing Full Mortgage Application is made on or before Friday 12 August. New DIP decisions will reflect the change that has been made. There is no time requirement for applications already submitted to UTB and within the underwriting process, to be Offered or Completed.

UTB are currently experiencing record high levels of sales and applications, and whilst maintaining a 24hr service level for all aspects of underwriting, they are also recruiting to make this a little easier. In the interim, they would ask that any chasing for updates is kept to a minimum, and applications are submitted with all necessary underwriting requirements requested at the DIP stage.

Call the impact team today on 01403 272625 to find out more.

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08/07/2022 - Precise: New Refurbishment BTL

Precise Mortgages has launched a new Refurbishment buy to let now with exit finance up to 80 LTV.

If your customer is looking for short term finance to fund a refurbishment project along with the security of a long term mortgage once the property has been refurbished, Precises refurbishment buy to let proposition could be the ideal solution.

To help support even more of your customers with their projects, they have increased the maximum LTV on the buy to let mortgage element up to 90 LTV.

Highlights:

• 2 and 5 year fixed rate products available
• Rates from 3.69
• Now up to 80 LTV
• Available to personal ownership, limited company, HMO, MUB and limited company HMO, MUB landlords

And that is not all. When you take out refurbishment buy to let with Precise Mortgages, you will benefit from:

• One expert underwriter providing support with every step of the way
• One application which they will key for you
• One valuer for both the bridging finance and buy to let mortgage
• One conveyance with discounted legal fees
• Two procuration fee payments
• Two offers issued simultaneously

Call the impact team today on 01403 272625 to find out more.

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07/07/2022 - Pepper: Product Withdrawal Notice

Pepper Money are making changes to their Buy to Let and Limited Company ranges. These changes will be implemented overnight on, Sunday 10th July, and Pepper are keen to give you as much notice as possible.

If you have any customers wishing to take advantage of their current range then please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected, by 5:30 pm on Sunday 10th July.

All Full Mortgage Applications, FMAs for their current product range should be fully submitted, with upfront fees paid, by 5:30 pm, Thursday 14th July.

Call the impact team today on 01403 272625 to find out more.

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07/07/2022 - Vida 90 LTV Product Withdrawal

Due to the continued strong demand across Vida Homeloans range of 90 LTV Residential products, current tranche funding has now been fully utilised.

All 90 LTV Vida products will therefore be withdrawn from 6:00 pm on Thursday 7th July and will not be replaced in the short term.

Transition arrangements:
A Decision in Principle must be submitted, with the product selected, by 6:00 pm on Thursday 7th July.

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 6:00 pm on Monday 11th July.

Call the impact team today on 01403 272625 to find out more.

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06/07/2022 - Precise: Refurbishment BTL

Precise Mortgages are replacing their current range of buy to let exit products from their refurbishment buy to let range. The new exit range, with rates available up to 90 LTV, will be available on their website from 9 am on Friday 8 July 2022.

To secure a product from their current range you must fully submit your applications before 8 pm, Thursday 7 July 2022.

Call the impact team today on 01403 272625 to find out more.

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06/07/2022 - Landbay Rate Reprice

Landbay will be updating its Buy to Let products on Wednesday 7th July. To manage their service level commitments, they will not inform intermediaries until tomorrow, when there will be a grace period for existing approved DIPs on the withdrawn products to be fully submitted, fees paid, and applications signed by midnight on Friday 8th July 2022.

As a side note, any application in progress prior to the rate change will progress at the original rate agreed, whether offered or not. 

You can be assured their new rates will continue to be highly competitive.

Landbay are committed to constantly reviewing their withdrawal process to ensure there is minimal disruption to their brokers and their clients, they are taking this approach to protect their service commitments and to continue to offer excellent service.

Call the impact team today on 01403 272625 to find out more.

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06/07/2022 - Zephyr: Product Update

As a valued partner, Zephyr are giving you advanced notice that their 5 and 7 fixed rate deals will be increasing on Friday 8th July.

In addition to this rate reprice, on Friday 8th July, they are also simplifying their range by removing the 2 year fixed rates.

To secure the current rates before they increase, brokers must submit a full mortgage application by 5 pm tomorrow, Thursday 7th July.

Call the impact team today on 01403 272625 to find out more.

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05/07/2022 - Foundation: Withdrawal Notice

On Wednesday 6th July 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 Wednesday 6th July, which will secure the product until Wednesday 13th July. The DIP must be converted and submitted as a full FMA before 5:30 pm on Wednesday 13th July.

DIPs relating to this existing product range, which have not been converted and submitted as FMAs by 5:30 pm Wednesday 13th July, will no longer be valid.

Please covert 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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04/07/2022 - TML: Residential Lending Update

On Wednesday 6th July, The Mortgage Lender are making a number of rate changes to their Residential product range.

These changes will come into effect from the 6th of July. Any cases in the pipeline will need to be fully submitted with fees paid by the close of business on the 5th of July. Cases submitted after this date will be offered on the new rates available.

Call the impact team today on 01403 2726252 to find out more.

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04/07/2022 - Fleet Mortgages: Important Update

Fleet Mortgages wanted to let you know that they are making some changes to their products. Please see below for further details of forthcoming product changes as well as important dates and times to be aware of.

To secure current rates:

• DIPS MUST BE SUBMITTED BY: 5:00 pm Monday 4th July 2022
• APPS MUST BE SUBMITTED BY: 5:00 pm Tuesday 5th July 2022
• FLEET MORTGAGES NEW PRODUCTS WILL BE RELEASED ON: 9:00 am Tuesday 5th July 2022

Please note that additionally, some rental calculations will be changing as of Tuesday 5th July:

• All limited company products and limited company HMO applications will remain at 125 per cent
• All standard products and personal HMO applications are temporarily changing to 145 per cent

Call the impact team today on 01403 272625 to find out more.

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01/07/2022 - Dudley BS: 5 Year Fixed Withdrawal

In order to continue to maintain Dudleys service standards and competitive position within the market,  Dudley are withdrawing their Five Year Fixed Rate 10105 product. This change will be in effect from the close of business Monday 4th July 2022.

Any DIPs received on Monday 4th July will be honoured, providing the application is received within 2 weeks.

If you currently have any applications or offers on this product in Dudleys pipeline, these will also be honoured.

Call the impact team today on 01403 272625 to find out more.

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01/07/2022 - Family BS: Product Notice

From today, 1 July, Family BS have made some adjustments to the pricing of their mortgage product rate.

These changes are summarised below, and apply to both their Owner Occupier and Buy to Let products:

• All Fixed Rate products have increased by 0.75
• Their Discount and Offset products and pay rates and floor rates have also increased by 0.75. No change has been made to the level of discount that each product has from their Managed Mortgages Rates

Their Managed Mortgage Rates will also be increasing by 0.75 on 23 July 2022. Please note that the new Discount product details and all representative examples displayed on their website from today to reflect these higher Managed Mortgage Rates.

No changes have been made to their Fixed Rate end dates. The completion deadline for their new Fixed Rates products will remain as of 03 October 2022.

The deadline for receipt of applications for all withdrawn mortgage products is:
Today at 5 pm, 1 July through their Mortgage Hub and by paper.

Call the impact team today on 01403 272625 to find out more.

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01/07/2022 - Saffron: Product Launch

Saffron are launching multiple products on Wednesday 6 July at 9 am.

To secure their current products, they will require a Full Mortgage Application submitted with all relevant fees paid by 5 pm on Tuesday 5 July.

Saffron will be launching the following products on Wednesday 6 July at 9 am:

• BTL Light Refurb: Initial variable rate of 3.49, 2 years, max 75 LTV, 1.5 per cent lender arrangement fee
• Second Home: Initial variable rate of 2.19, 2 years, max 80 LTV, 999 lender arrangement fee
• Owner Occupier: Initial variable rate of 1.99, 2 years, max 80 LTV, 999 lender arrangement fee
• Self Build: Initial variable rate of 3.79, 2 years, max 75 LTV, 0.5 per cent lender arrangement fee
• Self Build: Initial variable rate of 3.99, 2 years, max 80 LTV, 0.5 per cent lender arrangement fee
• Self Build Large Loan: Initial variable rate of 4.49, 2 years, max 75 LTV, 0.5 per cent lender arrangement fee
• Self Build Large Loan: Initial variable rate of 4.69, 2 years, max 80 LTV, 0.5 per cent lender arrangement fee

Call the impact team today on 01403 272625 to find out more.

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30/06/2022 - Kent Reliance: New RESI and Shared Ownership

Kent Reliances new range of residential mortgages features 2 year fixed rates starting from 3.64 and 5 year fixed rates from 4.09.

With up to 95 LTV and no maximum loan size on selected products, they could be ideal for clients looking to purchase or remortgage.

Residential mortgage key features:

• 2 year fixed rates from 3.64
• 5 year fixed rates from 4.09
• Up to 95 LTV
• Suitable for purchase or remortgage
• No maximum loan size on selected products

New shared ownership products:
Kent Reliance has also launched new products across their shared ownership range with rates from 4.34 and up to 100 per cent share value available.

Call the impact team on 01403 272625 to find out more.

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30/06/2022 - Castle Trust Bank Bridging Launch

Castle Trust Bank has launched a Bridging proposition, supported by dedicated sales, underwriting and processing teams, making it quicker and easier to match your clients with the right finance.

This proposition includes specialist products for Light Refurbishment, Heavy Refurbishment and Bridging,

Bridging Highlights:

• Maximum LTV: Up to 80 LTV Gross day one, incl. fees and rolled interest
• Bridge term: 9, 12 or 18 months
• Loan sizes: 200k plus
• Lender product fee: 2 per cent
• Interest Basis: Rolled up
• Interest Rates: From 0.65
• ERC: No ERC after 3 months
• Castle Trust will consider: Experienced and first time landlords, limited companies, SPVs and offshore companies

Call the impact team today on 01403 272625 to find out more.

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30/06/2022 - Precise: New RESI, HTB and RTB

Precise Mortgages new range of 2 and 5 year fixed rate residential mortgages feature 2 year fixed rates starting from 3.69 and 5 year fixed rates from 3.84.

With up to 85 LTV, refunded valuation, maximum 630 and loans up to 1M available, they could be ideal for customers looking to purchase or remortgage.

RESI Highlights:

• 2 year fixed rates from 3.69
• 5 year fixed rates from 3.84
• Up to 85 LTV
• Refunded valuation, max 630
• Loans up to 1 million
• Customers with less than perfect histories

Call the impact team today on 01403 272625 to find out more.

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29/06/2022 - Kensington: Product Repricing

Kensington Mortgages wanted to give you an advance notice ahead of their brokes that as of COB Thursday 30th June, they will be removing their BTL Core Special Edition 2.99 rate at 75 LTV.

Please ensure that DIPs are fully submitted and applications have been started before COB on the above date to ensure that the product is secured.

The Full Mortgage Application must be fully submitted by COB on Wednesday 6th July.

Call the impact team today on 01403 272625 to find out more.

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29/06/2022 - Zephyr: Product Update

Zephyrs 2, 5 and 7 year fixed rate deals have now increased. In addition to the rate reprice, they have also simplified their range by removing the 0 per cent and 1.5 product fee options on their 2 and 5 year fixed rates.

Highlights:
Standard Properties:

• EPC A, B and C: 2 Year fixed rates from 4.34
• EPC A, B and C: 5 Year fixed rates from 4.49
• EPC A, B and C: 7 Year fixed rates from 4.69
• EPC D and E: 2 Year fixed rates from 4.44
• EPC D and E: 5 Year fixed rates from 4.59
• EPC D and E: 7 Year fixed rates from 4.79

New Build and FAC properties:

• EPC A, B and C: 2 Year fixed rates from 4.34
• EPC A, B and C: 5 Year fixed rates from 4.49
• EPC D and E: 2 Year fixed rates from 4.44
• EPC D and E: 5 Year fixed rates from 4.59

HMO and MUFB properties:

• EPC A, B and C: 2 Year fixed rates from 4.54
• EPC A, B and C: 5 Year fixed rates from 4.74
• EPC D and E: 2 Year fixed rates from 4.64
• EPC D and E: 5 Year fixed rates from 4.79

Criteria Highlights:

• Directors need 60 per cent minimum shareholding for Limited Company apps
• Maximum age 95 years at the end of the mortgage term
• No height restriction on flats and Deck Access
• Unlimited background portfolio with background portfolio stress testing at 100 per cent of mortgage payments
• Loans sizes available up to 2M
• Standard products available to 80 LTV and Specialist products to 75 LTV
• Flats above commercial properties up to 75 LTV

Call the impact team today on 01403 272625 to find out more.

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29/06/2022 - Quantum Mortgages: Product Changes

Due to the continuing increase in SWAP rates having a major effect on Quantums cost of funds, they have no option but to withdraw their current range of fixed rate products.

Quantum know how frustrating product withdrawals with little or no notice are for you, so Quantum can allow you until Thursday 30th June at 2 pm to submit applications that have been at DIP or DIP accept stage to secure the fixed rates you have booked for your clients.

Their 2 year discount tracker and lifetime tracker are unaffected.

Full details on revised pricing for fixed rate products will follow shortly.

Call the impact team today on 01403 272625 to find out more.

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28/06/2022 - Precise Mortgage: Product Withdrawals

Precise Mortgages current range of residential mortgages, including Right to Buy, Help to Buy and all current limited edition products, on Wednesday 29 June.

To secure a product from their current range you must fully submit your applications before 8 pm on Wednesday 29 June.

Call the impact team today on 01403 272625 to find out more.

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28/06/2022 - Kent Reliance: RESI Withdrawals

Kent Reliance wants to let you know that they are withdrawing their current residential and shared ownership products and launching a new range of products in their place.

To secure a product from their current range, you must have progressed the application to the Full Application Pending stage before 5 pm on Wednesday 29 June.

Kent Reliance then needs you to submit all essential documents before 5 pm on Wednesday 13 July. If you do not receive all essential documents by the date above, your case will be deleted from their system and all non refundable fees paid will be retained.

Call the impact team today on 01403 272625 to find out more.

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28/06/2022 - Family BS: Product Notice

On Friday 1 July, Family BS will be withdrawing and replacing all of their current Fixed Rate and Discount mortgage products.

Family will accept applications for all withdrawn products through their Mortgage Hub, or by paper, up to 5 pm on Friday 1 July 2022. This means that any paper applications will need to be fully completed and sent to them ahead of this deadline.

Full details of the new product range will be announced on Friday 1 July.

Call the impact team today on 01403 272625 to find out more.

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28/06/2022 - United Trust Bank: Product Updates

Following an additional increase to the Bank of England Base Rate this month, UTB has updated interest rates for all their Residential Mortgage, BTL, and Second Charge Loan Products.

These new interest rates will take effect from tomorrow, Wednesday 29 June. United Trust Bank will honour its previous interest rates for any applications created prior to this date, regardless of current application stage, provided a Mortgage Offer is issued on or before Friday 29 July.

Residential Mortgage Product Update:
All current Purchase, Remortgage, Interest Only and Unencumbered criteria and product parameters are unchanged, interest rates have been updated to:

• 2 year fixed rates from 4.50
• 3 year fixed rates from 4.75
• 5 year fixed rates from 4.80

Buy to Let Product Update:
All current BTL criteria and product parameters are unchanged, interest rates have been updated to:

• 2 year fixed rates from 4.24
• 5 year fixed rates from 4.44

Second Charge Loan Product Update:
The same interest rate now applies to both smaller and larger loans. All other current Second Charge criteria and product parameters are unchanged, interest rates have been updated to:

• BoE Tracker rates from plus 5.25
• 2 year fixed rates from 5.25
• 3 year fixed rates from 5.35
• 5 year fixed rates from 5.45

Call the impact team today on 01403 272625 to find out more.

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28/06/2022 - Shawbrook: Product Updates

Following the advanced notice last week, Shawbrook can confirm that they have increased rates across some of their Buy to Let, Commercial and Semi Commercial products.

Effective today, Shawbrook have:

• Increased rates on Digital Buy to Let products by 0.20
• Increased rates on Specialist Buy to Let products for loans over 1M by up to 0.35,  and for loans less than 1M by up to 0.25
• Increased rates on Commercial and Semi Commercial products by up to 0.50
• Arrangement fees on term lending have increased to 2, for product switch and refinance cases the arrangement fee has increased to 1.

Pipeline: All cases where at least an IMO has been issued, that is less than 14 days old, before 5 pm on Monday 27th June will be honoured on the previous rates. However, if there is no change in case status within 14 days of the IMP being issued, the case will have to proceed on the new rate and arrangement fee detailed above, if applicable.

Call the impact team today on 01403 272625 to find out more.

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27/06/2022 - Saffron: Product Changes

Saffron are launching multiple products on Wednesday 29 June at 9 am.

To secure their current products, Saffron will require a Full Mortgage Application submitted with all relevant fees paid by 5 pm on Tuesday 28 June.

Call the impact team today on 01403 272625 to find out more.

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27/06/2022 - Foundation: Withdrawal Notice

On Thursday 28th June 2022 at 5:30 pm Foundation will be withdrawing all of their buy to let fixed and variable rate products and replacing them with new products.

Any DIPs on the existing product range will need to be submitted by 5:30 pm on Tuesday 28th Jue, which will secure the product until Tuesday 5th July 2022/ The DIP must be converted to a full FMA and submitted before 5:30 pm on Tuesday 5th July.

DIPs relating to this existing product range, which have not been converted to FMA and submitted by 5:30 pm on Tuesday 5th July will no longer be valid.

Please convert existing DIPs to a full mortgage application and submit it as soon as possible.

Why use Foundation for your next BTL case?

Who for?

• Experts in individual or limited company applications
• Up to 4 directors and no personal guarantees are needed for shareholders
• Limited companies, SPVs and flexible deposit sources including Intercompany loans
• Shareholding can include other companies
• No min income or employment, self employed history
• First time landlords considered
• Expats considered as individuals or limited companies

How much?

Up to 85 LTV and Loans up to 2M on the 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

What for?

• 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

Call the impact team today on 01403 272625 to find out more.

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27/06/2022 - Bluestone: Affordability Updates

Bluestone Mortgages can now consider lending over 4.5x income across their full product range, as they seek to further support underserved customers with their home ownership dreams.

This new affordability model is exclusive to their Sapphire Club members, including Impact Packaging, and can enable borrowers who have a 12 month history of current rental or mortgage payments in excess of the proposed monthly mortgage payment to borrow more.

Many potential first time buyers paying regular rent, for example, are not able to secure a mortgage due to inflexible and strict affordability requirements, despite being able to evidence their ability to maintain the rental payments.

At Bluestone, they want to make homeownership accessible to all, which is why they have made these enhancements to their LTI ratios, to support this growing cohort of disenfranchised customers.

Here is a quick summary of the key features:

• Bluestone monthly mortgage payment must be equal to, or less than 90 per cent of the current mortgage, rental payment
• Full 12 month payment history required
• In these cases, an LTI ratio of over 4.5x will be available
• Available across all residential credit tiers, including Help to Buy and Right to Buy, with no LTV restrictions

Call the impact team today on 01403 272625 to find out more.

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23/06/2022 - Hampshire Trust Bank Rate Increases

Please be aware that from Monday 27th June both Hampshire Trust Banks Buy to Let, and Semi-Commercial rates will be increasing. On loans under B#1m will be increasing by 0.6% and for loans over a million, these will be increasing by 0.5%.

Any deals that are submitted prior to 27th June will secure the current rates and our DIPs are valid for 30 days.

Call the impact team today on 01403 272625 to find out more.

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23/06/2022 - Zephyr Homeloans Product Update

Zephyr Homeloans has provided advance notice that their 2, 5, & 7 year fixed rate deals will be increasing on Wednesday 29th June.

In addition to the rate reprice, they are also simplifying their range by removing the 0% and 1.5% product fee options on their 2 and 5 year fixed rates. These were much less popular than those with a 2% product fee, which have lower initial rates. All their products will continue to have no application fee.

Call the impact team today on 01403 272625 to find out more.

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22/06/2022 - The Mortgage Lender: BTL Product Changes

With effect from Friday, 24th June, TML will be making a number of product changes and withdrawals across their Buy to Let product range.

The last date for applications to receive current/old pricing is close of business Thursday, 23rd June.

Summary of the key changes as below:

• Increase rate on 5-Year 75% LTV Fee Assisted & Cashback range by 45bps (4.44% standard, 4.55% HMO)
• Increase rate on 5-Year 80% LTV Fee Assisted & Cashback range by 25bps (4.99% standard)
• Increase rate on 5-Year 75% LTV 1.50% & 2.50% Fee products by 25bps (3.94% and 3.74% respectively)Increase rate on 5-Year 70% High Fee product by 24bps (3.89%)
• Increase rate on 5-Year 75% High Fee product by 25bps (3.99%)
• Increase rate on 5-Year 70% & 75% Standard & Multi Loan ranges by 25bps (3.99% and 4.09% for 70/75% LTV respectively, standard properties, 4.09% and 4.19% for HMO/MUB)

Product withdrawals:

• 5-Year 75% LTV Non-Portfolio Remortgage-only
• 2-Year and 5-Year 70%, 75% and 80% (High % Fee) range
• 2-Year and 5-Year 70%, 75% and 80% (High Fee Alt LUMI) range
• 2-Year and 5-Year 70%, 75% and 80% 1,995 completion fee range
• 5-Year 75% Mini MUB product

Call the impact team today on 01403 272625 to find out more.

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21/06/2022 - Kensington: Repricing of their product range

As of close of business Wednesday 22nd June, Kensington will be repricing their full range with the exception of Flexi Fixed for Term, full details will be available on Thursday morning.

Please note the submission deadlines below:

Call the impact team today on 01403 272625 to find out more.

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21/06/2022 - Foundation Expands Professional Range

As of Tuesday 21 June 2022, Foundation Home Loans has made several changes to their residential product professional range including: 

• Broadening the list of eligible professions to now include Chartered Tax Advisers, Optometrists, Radiographers (diagnostic) and Chiropodists
• Removing the previous age restriction of 25 for eligible borrowers and reverting to the same minimum age as its standard residential mortgage range of 18
• Increasing their LTV to 90% for loans up to 500k
• Increasing the maximum loan to 1m to 75% LTV

The lenders Professionals mortgage range allows first-time buyers, home movers and remortgagers in eligible professions to borrow up to six times their income. 

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Vida: Product Withdrawal Notification

All current Vida products will be withdrawn from 6:00 pm on Monday 20th June ahead of the launch of a new range of BTL and Residential products on Tuesday 21st June.

Transition arrangements

• Decisions in Principle must be submitted, with product selected by 6:00 pm on Monday 20th June.
• 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 6:000 pm on Wednesday 22nd June.

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Saffron: Changes to their product range

Saffron are withdrawing the following products on Monday 20 June at 5 pm.

To secure the current products, Saffron will require a Full Mortgage Application submitted with all relevant fees paid by 5 pm on Monday 5 July.

The following products will be withdrawn:

• First Time Buyer: Initial rate 2.97, Product term fixed until 31.01.2025, Max 90 LTV, Arr Fee 999, Product Code DR1016
• First Time Buyer: Initial rate 3.17, Product term fixed until 31.01.2028, Max 90 LTV, Arr Fee 999, Product Code DR1017
• First Time Buyer: Initial rate 3.47, Product term fixed until 31.01.2025, Max 90 LTV, No Arr Fee, Product Code DR1018
• First Time Buyer: Initial rate 3.57, Product term fixed until 31.01.2028, Max 90 LTV, Arr Fee, Product Code DR1019
• First Time Buyer: Initial rate 3.17, Product term fixed until 31.01.2028, Max 95 LTV, Arr Fee 999, Product Code DR1020
• First Time Buyer: Initial rate 3.37, Product term fixed until 31.01.2025, Max 95 LTV, Arr Fee 999, Product Code DR1021
• First Time Buyer: Initial rate 3.67, Product term fixed until 31.01.2025, Max 95 LTV, No Arr Fee, Product Code DR1022

• Owner Occupier: Initial rate 2.87, Product term fixed until 28.02.2025, Max 80 LTV, Arr Fee 999, Product Code DR1025
• Owner Occupier: Initial rate 3.07, Product term fixed until 28.02.2028, Max 80 LTV, Arr Fee 999, Product Code DR1026
• Owner Occupier: Initial rate 3.17, Product term fixed until 28.02.2025, Max 90 LTV, Arr Fee 999, Product Code DR1027
• Owner Occupier: Initial rate 3.17, Product term fixed until 28.02.2025, Max 95 LTV, Arr Fee 999, Product Code DR1029

• Retro Fit: Initial rate: 2.87, Product term fixed until 28.02.2025, Max 80 LTV, Arr Fee 999, Product Code DR1030

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Bluestone: Changes to Product Rates

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.

You would have seen news regarding the Bank of England increasing its interest rates, so as a result, Bluestone had to adjust their rates. The new rates will come into effect from Monday, 20th affecting all products. Please ensure any applications you wish to submit on the existing product rates are received by midnight Sunday, 19th.

The products are live from Monday, 20th in Bluelink, and all sourcing systems will be updated to reflect these changes as soon as possible.

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Foundation: Product Withdrawal Notice

On Monday 20th June 2022 at 5:30 pm Foundation Home Loans will be withdrawing all of their residential fixed rate 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 20th June, which will secure the product until Monday 27th June. The DIP must be converted to a full FMA before 5:30 pm on Monday 27th June.

DIPs relating to this existing product range, which have not been converted to FMA by 5:30 pm on Monday 27th June will no longer be valid.

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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17/06/2022 - Pepper: Range Reprice

It is no secret that rates are increasing across the market and may continue to rise. Compounded with the cost of living crisis, this is seeing very regular changes to lender offerings that can be hard to keep up with and secure the best product for your customer.

With costs of funds rising, Pepper Money has taken the decision to refresh its product range to align with the market trend and provide greater stability for its intermediary partners.

In this environment, it can be hard to secure existing products when they are withdrawn quickly. They are aware of this and are committed to giving fair notice with any change, and their award winning service guarantees a quick turnaround when submitting business to them.

Although their rates may continue to change, you can be assured they are committed to continuing to offer financially inclusive products and criteria, all of which are underpinned by their dependable award winning service.

Here is what is been updated:

• Reprice on their Residential, Buy to Let and Affordable Home Ownership Ranges
• Their residential range is now available up to Pepper 48

Speedy service you can depend on from Pepper Money:

• Within 24 hours, Pepper aims to assess documents and undertake an underwriting assessment 
• Calls to the Sales Team and Case Owners are answered on average in less than 1 minute
• With the introduction of AVMs, Pepper is also proud of the fact their quickest completion took just 5 days
• Each case is viewed on its  merit with its human approach to underwriting
• Flexible options including cashback

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Landbay Rate Reprice

Landbay has updated its Buy to Let products on Friday 17th June. To manage their service level commitments. There will be a grace period for existing approved DIPs to e fully submitted, fees paid and applications signed by 5 pm on Monday 20th June.

As a side note, any application in progress prior to the rate change, will progress at the original rate agreed, whether offered or not.

You can be assured Landbays new rates will continue to be highly competitive.

Call the impact team today on 01403 272625 to find out more.

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17/06/2022 - Kent Reliance: BTL Updates

As the home of handcrafted mortgage solutions, Kent Reliance see the potential every case and adopt a considered, flexible approach to create solutions tailored to a wide range of different clients borrowing needs.

So whether they are a first time buy to let investor or an experienced limited company landlord, their new range of buy to let mortgages could provide them with product they are looking for.

Highlights:

• Rates from 2.99 
• Up to 85 LTV
• 50K Minimum loan size
• No maximum loan size

Call the impact team today on 01403 272625 to find out more.

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16/06/2022 - Kent Reliance: RESI Updates

With house prices at near record levels, Kent Reliance understands many of your clients may benefit from access to low deposit mortgages with the ability to be flexible with income multiples to achieve their lending goals.

It is why Kent has designed a new range of products to support clients by providing flexibility around income multiples and which feature a choice of 2 or 5 year fixed rates starting from 4.29 and up to 95 LTV.

Key features:

• Rates from 4.29
• 2 and 5 year fixed rates
• Loans up to 1.5 million
• Up to 95 LTV

Call the impact team today on 01403 272625 to find out more.

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16/06/2022 - Dudley BS: SVR rate is changing

Following the recent Bank Base Rate changes, the Society Standard Variable Rate, SVR is increasing by 0.50 on 1st July 2022.

Keeping you informed of any rate changes prior to completion is important to Dudley. So, they have outlined what will be changing below, depending on the mortgage product type that has been applied for.

Fixed rate applications
If you have applied for a fixed rate product, this SVR change will not affect the initial monthly payment figure. However, once the fixed term period finishes the reversion rate will be 0.50 higher than when you originally applied.

Variable rate applications
If you have applied for a variable rate product, this SVR change will affect the initial monthly payment figures, and the rate will increase by 0.50.

Discounted rate applications
If you have applied for a discounted rate product, this SVR change will affect the initial monthly payment figures, and the rate will increase by 0.50. If the product discount is set for a period of time, e.g. a two year discount, the reversion rate will also increase by 0.50 after the discounted period finishes.

What happens next?

• If your application is at an offer stage when the rate change is completed, a new offer will be produced and sent out to all parties. Affordability may need to be reassessed depending on the rate type that has been applied for.
• If your application is at pre offer stage when the rate change is completed, the application will be under the new rates that are applicable.

Call the impact team today on 01403 272625 to find out more.

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15/06/2022 - Pepper: Product Withdrawal Notice

Pepper Money are making changes t their Residential, Buy to Let and Affordable Home Ownerships ranges. These changes will be implemented overnight tomorrow, Thursday 16th June and they are keen to give you as much notice as possible.

If you have any customers wishing to take advantage of their current range then please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected, by 5 pm tomorrow Thursday 16th June.

All Full Mortgage Applications FMAs for their current product range should be fully submitted, with upfront fees paid, by 5 pm, Thursday 23rd June.

Call the impact team today on 01403 272625 to find out more.

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15/06/2022 - Fleet Mortgages: Product Change Notice

Fleet Mortgages products are changing. Please see below for further details of forthcoming product changes.

DIPs must be submitted by:
5:00 pm Thursday 16th June 2022

APPs must be submitted by:
Midnight Friday 17th June 2022

Fleets new products will be released on:
5:00 pm Thursday 16th June 2022

Call the impact team today on 01403 272625 to find out more.

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14/06/2022 - Kent Reliance: BTL product withdrawals

Kent Reliance wanted to let you know that they are withdrawing selected products from their current buy to let range and launching new products in their place.

To secure a product from their current range, you must have progressed the application to the Full Application Pending stage before 5 pm on Wednesday 15 June 2022.

The new range of buy to let products will be available on their website from 9 am on Thursday 16 June 2022.

Call the impact team today on 01403 272625 to find out more.

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14/06/2022 - Precise: Buy to Let Withdrawals

Precise Mortgages are withdrawing their buy to let mortgage range on Wednesday 15 June 2022.

To secure a product from their current buy to let range you must fully submit your applications before 8 pm Wednesday 15 June 2022.

Precise new range of products will be available on their website from 9 am on Thursday 16 June 2022.

Call the impact team today on 01403 272625 to find out more.

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14/06/2022 - Foundation: Expands Green Range

As of Thursday 14th June 2022, Foundation Home Loans has made several changes to their Buy to Let product range including:

• Expansion of the Green mortgage range to include large HMOs, up to 8 bedrooms, and MUBs, up to 10 units, with a new Large HMO and MUB product available up to 75 LTV, fixed at 4.39 for 5 years, with a fee of 1.25 and one free standard valuation with no application fee, for both purchase and remortgages of properties with an EPC of C or above
• A new Green product for standard properties in the F2 range for applicants with some historical credit blips, available up to 75 LTV, fixed at 4.24 for 5 years, with a fee of 1.25 and one free standard valuation and no application fee, for both purchases and remortgages of properties with an EPC of C or above
• The product fee on the Large Loan product F1 tier has been halved to 1 and is now priced at 3.99 fixed for 5 years and available for maximum loans of 2M up to 65 LTV
• Repricing of all other fixed rate products across the buy to let range

As with all of Foundations Green range, the new Green large HMO, MUB product and the F2 Green product are both eligible for early remortgages after purchase, as opposed to the typical 6 month wait, a feature especially designed to help those landlords who may have carried out improvements on the properties to raise the EPC above a level C.

At Foundation, rental cover for 5 year fixed rates is calculated at pay rate, and stress tested at 125 for limited companies and basic rate taxpayers, and 145 for other landlord types.

Call the impact team today on 01403 272625 to find out more.

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13/06/2022 - Paradigm add Impact SF to panel

Paradigm member firms and their advisers can now use Impacts referral service to introduce relevant clients, such as those with complex needs or where the firm does not have the relevant permissions.

Referrals can be accepted for both regulated and non regulated cases across bridging, specialist lending, buy to let and commercial. Paradigm Mortgage Services provides intermediaries with access to lenders covering the whole of market, together with a full range of mortgage related support services delivered by a range of commercial partners.

To read the full press release follow this link: https://www.financialreporter.co.uk/paradigm-adds-impact-specialist-finance-to-panel.html

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10/06/2022 - Foundation: Product Withdrawal Notice

On Monday 13th June 2022 at 5:30 pm, Foundation will be withdrawing all of their Buy to Let fixed rate 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 13th June, which will secure the product until Monday 20th June.

DIPs relating to this existing product range, which have not been converted to FMA by 5:30 pm on Monday 20th June will no longer be valid.

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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10/06/2022 - Precise: BTL Withdrawals

Precise Mortgages are withdrawing products with 0 product fee, refund of valuation and 500 cashback from both their core and specialist buy to let ranges.

To secure a current 0 product fee buy to let product you must fully submit your applications before 8 pm today, Friday 10th June 2022.

Call the impact team today on 01403 272625 to find out more.

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10/06/2022 - Pepper Money: RESI Updates

Pepper Money has changed its Residential Pepper 60 and Pepper 48 product tiers with immediate effect.

These changes simplify the range and ensure they continue to offer the award winning service and quick and efficient turnaround times that you and your customers have come to expect from Pepper.

Pepper Money will continue to monitor market trends and a new exciting extended product range is planned for launch in the very near future. Further communications will be issued when these products are available.

Here is what has been updated across their Residential range:

• Pepper 60: All fixed rates were withdrawn with new fixed rate options coming soon. Lifetime Tracker options are available only.
• Pepper 48 and Pepper 48 Light: 80 LTV products on 2 years fixed rate available only. 75 to 85 LTV products are available on 5 year fixed rate products. Lifetime Tracker options are available on 5 year fixed rate products.

With so much support from distributors and broker partners, the first half of 2022 has been extremely positive. This support has also been fuelled by significant demand from customers needing a more specialist solution which comes from Peppers NO credit score approach, with each case being judged on its merits through a human approach to underwriting.

Pepper will continue to meet this growing demand, as always, will continue to assess its product range along with market trends.

Call the impact team today on 01403 272625 to find out more.

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09/06/2022 - Vida: Product Change Notification

The following products will be withdrawn from 6:00 pm on Thursday 9th June in advance of replacement products being launched on Friday 10th June.

Buy to Let

• Vida 48, 5 Year, 75 LTV Standard and HMO 

Residential 

• All Core Fee Saver 90 LTV products

Transition arrangements

Decision in Principle must be submitted, with product selected, by 6:00 pm on Thursday 9th June.

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 6:00 pm on Monday 13th June. 

Call the impact team today on 01403 272625 to find out more.

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09/06/2022 - Zephyr Homeloans: Update Notice

Zephyr Homeloans are giving an advance notice that their 2, 5 and 7 year fixed rate deals will be increasing on Tuesday 14th June.

To secure the current rates before they increase, you need to have submitted a full mortgage application by 5 pm on Monday 13th June.

Call the impact team on 01403 272625 to find out more.

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07/06/2022 - Family BS: Product Notice

On Thursday 9 June 2022, Family Building Society will be withdrawing and replacing all of their current Fixed Rate mortgage products.

Family will accept applications for all withdrawn products through their Mortgage Hub, or by paper, up to 5 pm on Monday 13 June 2022. This means that any paper applications will need to be fully completed and sent to them ahead of this deadline.

Full details of the new product range will be announced on Thursday 9 June 2022.

Call the impact team today on 01403 272625 to find out more.

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06/06/2022 - Pepper: Product Withdrawal Notice

Pepper Money is making changes to their Pepper 60 and Pepper 48 product rages tomorrow night, Tuesday 7th June, and is keen to give you early notice.

If you have any customers wishing to take advantage of Peppers current range, please ensure you have completed a decision in principle and progressed it to the DIP Illustration Produced stage with your chosen product selected by 5:30 pm tomorrow, Tuesday 7th June.

All Full Mortgage Applications for the current Pepper 60 and Pepper 48 products with upfront fees paid and the application fully submitted by 5:30 pm, Friday 10th June.

Call the impact team today on 01403 272625 to find out more.

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06/06/2022 - Shawbrook: Reminder

Last Thursday, Shawbrook Bank informed you that they have changed rates across some of their Buy to Let, Commercial and Semi Commercial Investment products.

The products affected by last weeks rate increase are:

• Specialist Buy to Let, increasing by 0.40 for mortgages under 1M
• Limited edition commercial rates at 75 LTV, increasing by 0.20 on mortgages over 1M, and 0.30 between 150k and 1M
• Limited edition semi commercial rates at 75 LTV, increasing by 0.15 on all mortgages over 150k

Call the impact team today on 01403 272625 to find out more.

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31/05/2022 - Precise: NEW BTL Mortgage Rates

Precise Mortgages new buy to let mortgage range includes 2 year fixed rates starting from 2.89 and 5 year fixed rates from 3.44.

The range includes options with fixed, 0 and percentage product fees. Plus, products with refunded valuation, maximum 630 and 500 cashback, which could be ideal for landlord customers looking to remortgage.

Highlights:

• 2 year fixed rates from 2.89
• 5 year fixed rates from 3.44
• Up to 80 LTV
• Options for personal ownership and limited company, HMO and limited company HMO landlords
• Loans up to 3M available

Call the impact team today on 01403 272625 to find out more.

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30/05/2022 - TML: Updated BTL Product Guide

The Mortgage Lender has updated their Buy to Let Product Guide, reflecting the revised product range which is effective from tomorrow, May 31st. 

Call the impact team today on 01403 272625 to find out more.

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30/05/2022 - Precise: BTL Product Withdrawals

Precise Mortgages are launching some new buy to let products on Tuesday 31 May 2022.

To secure a product from their current range you must fully submit your applications before 8pm on Monday 30 May 2022.

Their new range of products will be available on their websites 9aam on Tuesday 31 May 2022.

Call the impact team today on 01403 272625 to find out more.

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26/05/2022 - HTB: Introducing Bridge EPC Refurb

Hampshire Trust Bank like to make SUPERHEROES out of their BROKERS. That is why their Bridge EPC Refurb rewards your clients for making improvements that enhance a property EPC rating. Combining the benefits of a light refurb bridge, wrapped in a term loan. Bridge EPC Refurb gives the borrower added benefits if the property achieves an EPC C or above after six months.

In their ordinary mortals, HTB gives you the power to get the job done.

HTB lend on large and small portfolios, holiday lets, large HMOs and MUFBs, semi commercial, development exits, sitting tenants and new build flats.

• HTB will discount the standard rate by 0.20 on achieving an EPC C rating or above
• Your client will have 6 months to deliver the improvements
• HTB will pay for the new EPC certificate

Call the impact team today on 01403 272625 to find out more.

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26/05/2022 - Bluestone: Great news for you

Bluestone Mortgages wanted to remind you that they have reduced their rates across their entire product range. Rates have been reduced and will now start from 4.10. Last week, Bluestone also expanded their Right to Buy product range to the whole of the market distribution to provide further support to a growing number of customers who do not fit the vanilla profile.

Bluestone believes their duty as a specialist lender is to help those traditionally underserved, allowing them to achieve their homeownership dreams.

• Applications are underwritten within 24 hours
• Up to 85 LTV
• No application fee on all products

When affordability is a crucial concern for many, Bluestone makes these rate changes to provide further support for customers with complex credit to achieve their homeownership dreams.

In other news, Bluestone are delighted to announce that their brand new website is now LIVE!

Call the impact team on 01403 272625 to find out more.

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26/05/2022 - Shawbrook: Rate Changes

Following the advanced notice last week,  Shawbrook can confirm today they have increased rates on some of their products.

The products affected are:

• Specialist Buy to let, increasing by 0.40 for mortgages under 1M
• Limited edition commercial rates at 75 LTV, increasing by 0.20 on mortgages over 1M ,and 0.30 between 150K and 1M
• Limited edition semi commercial rates at 75 LTV, increasing by 0.15 on all mortgages over 150K

Call the impact team today on 01403 272625 to find out more.

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24/05/2022 - Aldermore: New Range

Aldermores new buy to let and owner occupier mortgage range and changes to their buy to let policy. They have made changes to their mortgage range, bringing back more products for your first time buyers, home movers, self employed, landlords and those with less than perfect credit.

Here is a summary of the products available

• Buy to let for individual landlords with single residential investment properties 2 and 5 year fixed rates up to 80 LTV with 1.5 product fee
• Buy to let for company landlords with single residential investment properties 2 and 5 year fixed rates up to 80 LTV, 1.5 product fee, 1,999 product fee and zero fee options
• Buy to let for multi property individuals and company landlords with single residential investment properties 2 and 5 year fixed rates up to 75 LTV, 1.5 product fee and zero fee options
• Buy to let for HMO and multi unit freehold 2 and 5 year fixed rates up to 75 LTV, 1.5 product fee, 1,999 product fee and zero fee options
• Buy to let multi property for HMO and multi unit freehold 2 and 5 year fixed rates up to 75 LTV, 1.5 product fee and zero fee options
• They have simplified their reversion rates for buy to let mortgages
• Residential owner occupied standard level 1 up to 80 LTV 2 and 5 year fixed rates: fee free or 999 fee range
• Residential owner occupied level 2 and 3 up to 75 LTV 2 and 5 year fixed rates: fee free or 999 fee range
• Residential owner occupied high LTV up to 95 LTV 2 and 5 year fixed rates: fee free or 999 fee range

Call the impact team today on 01403 272625 to find out more.

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23/05/2022 - Saffron: Product Changes

Saffron are launching multiple products on Wednesday 25th at 9 am. 

To secure current products, they will require a Full Mortgage Application submitted by 5 pm on Tuesday 24th May.

Saffron will be launching the following products:
First Time Buyer:

• 2.97 fixed until 31.01.25, Max 90 LTV, 999 Lender Arrangement Fee
• 3.17 fixed until 31.01.28, Max 90 LTV, 999 Lender Arrangement Fee
• 3.47 fixed until 31.01.25, Max 90 LTV, 0 Lender Arrangement Fee
• 3.57 fixed until 31.01.28, Max 90 LTV, 0 Lender Arrangement Fee
• 3.17 fixed until 31.01.25, Max 95 LTV, 999 Lender Arrangement Fee
• 3.37 fixed until 31.01.28, Max 95 LTV, 999 Lender Arrangement Fee
• 3.67 fixed until 31.01.25, Max 95 LTV, 0 Lender Arrangement Fee
• 3.77 fixed until 31.01.28, Max 95 LTV, 0 Lender Arrangement Fee
• JBSP: 3.87 fixed until 31.01.28, Max 95 LTV, 0 Lender Arrangement Fee

Owner Occupied:

• 2.87 fixed until 28.02.25, Max 80 LTV, 999 Lender Arrangement Fee
• 3.07 fixed until 29.02.28, Max 80 LTV, 999 Lender Arrangement Fee
• 3.17 fixed until 28.02.25, Max 90 LTV, 999 Lender Arrangement Fee
• 3.37 fixed until 29.02.28, Max 90 LTV, 999 Lender Arrangement Fee
• 3.17 fixed until 28.03.25, Max 95 LTV, 999 Lender Arrangement Fee
• Retro Fit: 2.87 fixed until 28.02.25, Max 80 LTV, 999 Lender Arrangement Fee

RIO:
RIO, POA: 3.17 fixed until 29.02.28, Max 50 LTV, 999 Lender Arrangement Fee
RIO: 3.37 fixed until 29.02.28, Max 50 LTV, 999 Lender Arrangement Fee

Along with the above changes, Saffron will also be changing their Expat BTL criteria:
Current Policy:
Not available to applicants living in an EEA country, restricted countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

New Policy:
Not available to applicants living in The Netherlands

Call the impact team today on 01403 272625 to find out more.

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20/05/2022 - Kensington: Product Repricing

Kensington Mortgages wanted to give you an advanced notice that as of COB Tuesday 24th May, they will be repricing their full product range across BTL and Residential with the exception of Right to Buy, Shared Ownership and Flexi Fixed for Term.

Call the impact team today on 01403 272625 to find out more.

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20/05/2022 - Shawbrook: Raising the rates

Shawbrook Bank are writing to let you know that they will be increasing rates on some of their products as of Thursday 26th May.

The products affected are:

• Specialist Buy to Let, increasing by 0.4 for mortgages under 1M
• Limited edition commercial rates at 75 LTV, increasing by 0.2 on mortgages above 1M, and 0.3 between 150k and 1M
• Limited edition semi commercial rates at 75 LTV, increasing by 0.15 on all mortgages 150k

Shawbrook appreciates that some of your clients circumstances may be complex, so they wanted to provide you with much notice as possible. Their updated Product Guide will be available as of Thursday 26th May and the website will also be updated.

Call the impact team today on 01403 272625 to find out more.

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20/05/2022 - Zephyr: 7 Year fixed rate

Zephyr Homeloans has announced the launch of their new 7 year fixed rate for standard products. 

Also, all of their 2 and 5 year fixed rate deals have increased.

Call the impact team today on 01403 272625 to find out more.

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19/05/2022 - Kent Reliance: RESI Updates

With house prices at near record levels, Kent Reliance understands many of your clients may benefit from access to low deposit mortgages with the ability to be flexible with income multiples to achieve their lending goals.

They have designed a new range of products to support clients by providing flexibility around income multiples and which feature a choice of 2 or 5 year fixed rates starting from 4.29 and up to 95 LTV.

Key Features:

• Rates from 4.29
• 2 and 5 year fixed rates
• Loans up to 1.5M
• Up to 95 LTV

With underwriters who apply a common sense approach by taking each clients occupation and income type into account when calculating affordability, it is no wonder why Kent Reliance are the home of handcrafted mortgage solutions.

Call the impact team today on 01403 272625 to find out more.

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17/05/2022 - Fleet Mortgages: Product Change Notice

Fleet Mortgages products are changing, to secure their current rates:

• DIPS must be submitted by 5:00 pm, 19th May 2022.
• APPs must be submitted by 5:00 pm, 20th May 2022.

New products will be released on Thursday 19th May 2022.

Call the impact team today on 01403 272625 to find out more.

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17/05/2022 - Foundation: New BTL 2 year discount rates

As of Tuesday 17th May 2022, Foundation Home Loans has launched a new 2 year discount rate product on their F2 range for portfolio landlords with some historic credit blips. The new Discount rate product is available up to 75 LTV and comes with one free standard valuation and no ERCs allowing for greater flexibility.

• NEW F2 Buy to Let 2 year ERC free discount up to 75 LTV with a current initial pay rate of 3.19, reversion 2.80
• One free standard valuation
• 2 per cent product fee
• Purchase and remortgage

In addition to this product, Foundation has also made the following changes to their Buy to Let range:

• Reduced their F1 Expat discount product by 25bps to 3.49, reversion 2.50
• One free valuation is added to discounted products across the range
• Green mortgages now include no application fee as well as one free valuation

Foundation has also released new fixed rate pricing across the Buy to let range by up to 80 LTV, while their 85 LTV rates remain unchanged.

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

When affordability is a crucial concern for many, Bluestone are making these rate changes to provide further support for customers with complex credit to achieve their homeownership dreams.

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

Second Charge Loan Product Update
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

Call the impact team today on 01403 2726225 to find out more.

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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

Criteria Highlights:

• 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

Call the impact team today on 01403 272625 to find out more.

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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

The rest of their First Time Buyer and Residential products will remain on sale.

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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

These products are available for purchase and remortgage on a capital and interest repayment basis only and are available for professionals looking to maximise their income with increased flexibility.

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

Foundation has also released new Fixed rate pricing across the residential range up to 90 LTV.

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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

Rate increase:

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Kensington will also be launching 5 year products for their Shared Ownership, Help to Buy and Right to Buy product ranges. These will be live with effect from 9am tomorrow morning.

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Any DIP issued in the Portal from today onwards will reflect this change in criteria.

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

These changes will come into effect from the 29th of April. If you have a current application at Decision stage or Full Mortgage Application stage, these need to be fully submitted with fees paid by close of business on the 28th of April.

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
  

Call the impact team today on 01403 272625 to find out more.

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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

These products are available for 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

Portfolio Product

• 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

Specialist Product
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

Call the impact team on 01403 272625 to find out more.

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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

Please ensure that the DIP is fully submitted and the application has been started before close of business tomorrow to ensure that the product is secured.

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

Please key your DIP as soon as possible.

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 Bridging Rates

• Reduced their Unregulate Bridging rates by 0.10 for loans over 1M
• Rates now start from 0.40 per month

Non Portfolio product switches

• 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

Criteria Highlight
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

Suitable warranty documentation and architect sign off are required. Other modern, suitable methods of construction can be considered on a case by case basis.

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

Call the impact team today on 01403 272625 to find out more.

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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

• 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

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

Foundation Home Loans have introduced a new Expat product for landlords purchasing or remortgaging a large HMO, up to 8 bed rooms or multi unit blocks, up to 10 units.

• 5 Year fixed rate at 3.99
• Up to 75 LTV
• 1.25 per cent product fee

Why use Foundation for your next BTL case? Who for?

• 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

How much?

• 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

What for?

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

LTV increase
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

Call the impact team today on 01403 272625 to find out more.

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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

BTL:

• 75 LTV
• 5 Years fixed
• 2.95 per cent
• 1.75 fee

HMO and MUB:

• 75 LTV
• 5 Years fixed
• 2.88 per cent rate
• 1,999 fee
• Not available in Northern Ireland

Call the impact team on 01403 272625 to find out more.

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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
  

Call the impact team today on 01403 272625 to find out more.

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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

How much?

• 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%

What for?

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Call impact on 01403 272625 to find out more.

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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

Remember, TML still support the self employed including those with covid impacted accounts and customers with complex incomes.

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

Call the impact team on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

Please key your DIP as soon as possible

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

Transition Arrangements

• 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.

Call the impact team today on 01403 272625 to find out more.

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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.

Call impact today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

Transition Arrangements

• 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

Call the impact team on 01403 272625 to find out more.

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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

This new pricing will be available for a limited time only.

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

Call the impact team today on 01403 272625 to find out more.

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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.

Here are some highlights:

• 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

With effect from close of business tomorrow we will be replacing the majority of our Residential 5 year fixed rate products.

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. 

Call the impact team today on 01403 272625 to find out more.

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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

To secure their current rates:

1. DIPS must be submitted by 5pm on 9th March
2. Apps must be submitted by 10th March
3. New products will be released on 9th March

Call the impact team today on 01403 272625 to find out more.

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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
  

Call the impact team today on 01403 272625 to find out more.

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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

Purchase FEES FREE:

• 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

Remortgage FEES FREE:

• 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

Help to Buy:

• 5 Year fixed rates from 5.96 at 60 LTV on Clear rage
• Up to 75 LTV
• No lender app fee
• Free upfront valuation

Right to Buy:

• 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

Buy to Let:

• 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

Buy to Let FEES FREE:

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

Buy to Let Semi Exclusives:

• 5 Year fixed rate from 3.04
• Max 70 LTV
• 999 Lender product fee
• Minimum loan 45k

Buy to Let Ltd Company Semi Exclusives:

• 5 Year fixed rate from 3.24
• Max 70 LTV
• 999 Lender product fee
• Minimum loan 45k

Call the impact team today on 01403 272625 to find out more.

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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 

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team on 01403 272625 to find out more.

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02/03/2022 - The Tipton: Product Updates

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

Call the impact team on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

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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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

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
• Standard tracker rates from 3.39 at 65 LTV

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

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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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

Call the Impact team today on 01403 272625 to find out more.

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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.

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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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

Lumi 1

• 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

Lumi 2

• 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

Lumi 3

• 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

Lumi Help to Buy

• 2 year fixed rate at 4.98, 75 LTV
• 5 Year fixed rate at 5.23, 75 LTV
• 1,495 Lender fee

Residential Product Range Highlights

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Please note, for applications from Northern Ireland, maximum LTV is 80 with 500k maximum loan size and no free legal apply.

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

Flat Fee options:

• 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
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

Standard:

• 2 Year Fixed
• 90 LTV
• Standard Vida 48 rate 3.89
• Standard Vida 36 rate 4.39
• 995 Lender product fee
• 400k Max loan

Fee Saver:

• 2 Year Fixed
• 90 LTV
• Standard Vida 48 rate 4.49
• Standard Vida 36 rate 4.89
• 0 Lender product fee
• 400k Max loan

Call the impact team today on 01403 272625 to find out more,

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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

Call the impact team today on 01403 272625 to find out more.

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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:

Roma Finance 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

View their latest product guide: 
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

Call impact today on 01403 272625 to find out more.

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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

Key LUMI Residential Criteria:

• 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.

Residential Highlights:

• 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

Buy to Let Highlights:

• 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

 View their latest product guides:
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

View their latest product guide:
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

Buy to Let Range

• 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

In addition, they have launched 30 new tracker rates, available from 2.40. 

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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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.

Call the impact team today on 01403 272625 to find out more.

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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.

Call the impact team today on 01403 272625 to find out more.

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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

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

Key Features

• Lend in England, Wales and Scotland
• No pre application credit checks
• Regulated and unregulated
• Dual legal representation is available

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate card:
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. 

View their latest rate cards below
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

View their latest rate card below:
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

But that is not all...

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

For any pipeline cases which have already received a DIP on the previous range, the deadline for FMA submission is set as close of business on 20th January 2022.

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.

Call impact today on 01403 272625 to find out more.

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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

Vida Homeloans Buy to Let Highlights

• New simplified Lending Tiers
• Specialist properties are their speciality
• Up to 85 LTV
• Extended Fee Saver and Flex ranges available

View their new product guides below
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

Standard Buy to Let Products

• 2 Year fixed rates from 2.59
• 5 Year fixed rates from 2.89
• Max 80 LTV

Limited Company and LLP Buy to Let Products

• 2 Year fixed rates from 2.79
• 5 Year fixed rates from 2.95
• Max 80 LTV

HMO and MUFB Buy to Let Products

• 2 Year fixed rate at 3.09
• 5 Year fixed rate at 3.29
• Max 75 LTV

Call the impact team today on 01403 272625 to find out more.

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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

Owner Occupier Interest Only

• 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

View 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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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

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 January

Call the impact team on 01403 272625 to find out more.

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06/01/2022 - Landbay Product Refresh

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

Call the impact team today on 01403 272625 to find out more.

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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

Please note, for applications from Northern Ireland, the 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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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.    

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate card below:
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

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate card below:
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.

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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

Specialist Bridging

• First Charge Monthly Interest Rate from 0.63 up to 65 LTV
• Second Charge Monthly Interest Rate at 0.88 at 60 LTV

Refurbishment Bridging

• 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

View their latest rate card below:
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

View their latest rate cards 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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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

View their latest rate cards:
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

View their latest rate card:
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 BTL Product Guide

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

Products are suitable for individuals and limited companies.

• Minimum loan size, 200K
• Maximum loan size, 500K

View their latest rate card below:

Landbay Product Guide

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

Further Product Updates

• 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.

Call the impact team today on 01403 272625 to find out more.

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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

BTL including Limited Company

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

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate cards 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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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

View their latest rate card below:
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
  

Owner Occupied Product Range

• 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
  

Self Employed Product Range

• 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
  

Contractor Product Range

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate card below:
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

Landlords looking for low upfront costs, ideal for remortgages, also available for purchase

• 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

Call the impact team today on 01403 272625 to find out more.

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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

Residential 85 LTV Limited Editions

• 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

Call impact today on 01403 272625 to find out more.

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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

Bluestone has amended their policy, demonstrating their ongoing commitment to support both customers and brokers. They believe that many more people will be facing financial changes in the coming months and will need a responsible lender.

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

View their latest rate card:
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 USPs
Better 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

Call the impact team today on 01403 272625 to find out more.

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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.

Call impact today on 01403 272625 to find out more.

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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

View their current product guides below:
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

Call the impact team today on 01403 272625 to find out more.

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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

Call the impact team today on 01403 272625 to find out more.

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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

View their latest card below:
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:

Vida BTL Product Guide

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

These products are available to both individuals and limited companies with a minimum loan size of 250K going up to 500K.

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

View their latest rate card below:
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

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

With no product fee, valuation or funds transfer fee and free legals on remortgages.

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.

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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

Transition arrangements

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
  

View their late card below:
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

View their latest rate card below:
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

View the latest rate card:
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.

View their latest rate card below:
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

View their latest rate card below:
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

Debt Management Plan range has been moved into their core range. In doing so, you can now access an increased number of LTVs and better rates. This criteria will remain available on Pepper 24, 18 and 12 for those in an active DMP for at least 12 months. They also accept 2 communications or utility defaults of up to 250 each on your DMP applications.

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

View their latest rate card below:
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

View their latest rate cards below:
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

View their latest rate card below:
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

View their latest rate cards:
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

The products are available for individual clients, as well as limited companies, SPV, trading companies, trusts and other complex ownership structures.

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

Also please note:

1. Our AVM increase to 60 can also now be applied to all standard bridging in addition to Fast Track

Call the impact team today on 01403 272625 to find out more.

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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

View the latest rate cards:
> 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

For those individuals who are working on a contract basis. Saffron takes into account the contractors circumstances and income structure.

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

View their latest rate card:
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

View their latest rate card:
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

View their latest rate card:
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
  

View their latest rate card:
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

New Fee Saver Product

• Fee Saver, 2 Year fixed rate at 3.71
• Max 75 LTV
• 0 Lender application fee
• Maximum loan 350k

New Limited Edition HMO and MUB Product

• Limited Edition HMO,MUB, 5 year fixed rate from 3.20
• Max 75 LTV

View the their latest rate card:
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

HMO, Limited Company HMO

• 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

View their latest rate cards below:
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

Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate card:
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

View their latest rate card:
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

View their latest rate cards below:
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 3.69

View 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

View their latest rate card below:
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

View their latest rate cards:
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

View their latest rate card:
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:

Marsden Product Guide

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

View their latest rate card below:

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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).

Please note, for applications from Northern Ireland, maximum LTV is 75 and free legal option is not available.

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

View their latest rate card below:

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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

View their latest rate card below:
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

View their latest rate card below:
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: 2 Year fixed rates from 2.79 5 Year fixed rate at 3.34 Reduced and 0 lender product fee options Max 75 LTV Min loan size 75k Max loan size 3m Top slicing is available across the entire Buy to Let product range. Not available to first time buyers View their latest rate cards below: 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: 5 Year fixed rate at 3.45 Max 95 LTV Loans between 25k and 350k 499 Lender arrangement fee Available for Purchase and Remortgage Can repay 10 of advance amount in each of first 5 years without penalty ERC: 3 of current balance for first 5 years 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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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

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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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

View their latest rate cards below:
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

Interest Only plans:

0 Status loans, purchase or remortgage

Max 70 LTV for downsize and 75 LTV all other repayment vehicles

2yr, 3yr and 5yr fixed rates from 3.80

Affordability is assessed purely on Interest Only payment

Minimum 50k annual income

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:

Kent Residential Products

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

View their latest rate card:
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

BTL (including Limited Company):
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

For remortgage only:

• Resi, 2 year fixed, 80 LTV, 3.89, no fee, 500 Cashback

View their latest rate cards below:
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

Limited Edition Special:

• Max 70 LTV tranche to their Semi Commercial offering
• 5 year fixed rate at 5.34 on mortgages over 150k

Product and Pricing Restructure:

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

View their latest rate cards:
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

View their latest rate cards:
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

View their latest rate card:
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

View their latest rate cards below:
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

View their latest rate card below:
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

View their latest rate card below:
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

View their latest rate card below: 
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

View their latest rate card below:
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

View the latest rate card below:
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

View the latest rate card below:
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

View their latest rate card below:
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

New Limited Edition Portfolio Landlord Product:

• 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

View their latest rate cards below:
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

View their latest rate card:
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

View their latest rate card below:
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

View their latest rate card below:
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

View the latest rate card below:
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

View their latest rate cards below:
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)

New 2 year fixed product added to their Holiday Let range:

• 2 Year fixed - 70 LTV at 4.29
• 0 Product fee
• Loans up to 500k

View their latest rate card below:
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

Almost Prime - Tiers 3 and 4

• Available up to 80 LTV
• 2 Year fixed from 3.99
• 5 Year fixed from 4.29

Refund of valuation (max 630) on all products. Loans available up to 1m.

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

View the latest rate card below:
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

View the latest rate cards below:
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

View the latest rate cards below:
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

View their latest rate cards below:
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

View the latest rate card below:
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

View the latest rate card below:
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

View their latest rate card below:
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

View their latest rate card:
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. 

Highlights: Rates starting from 3.29 For purchase only Not available for flats All Shared Ownership products have 0 Lender Booking and Arrangement Fee Available for up to 95 LTV, based on a max 75 equity share Max loan size of 375k  - max property value of 500k Min loan size of 30k  Min income of 17.5k per application Max joint income of 80k  View their latest rate card: Marsden Product Guide: https://bit.ly/3d4jvUB Call the impact team today on 01403 272625 to find out more.

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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

View their latest rate cards below:
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%

View their latest rate card below:
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

View their latest rate card below: 
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

View their latest rate card:
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

View the latest rate card:
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

View the latest rate card:
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
  

View the latest rate card:
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

View their latest residential guides:

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

View their latest product guides -

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

Download the product guide https://bit.ly/3u54wiB

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 -

• 10bps reduction on their core 75% 2-year fixed rate now priced at 3.19%.
• Introduction of a new 65% 2-year fixed product priced at 2.99%
• 10bps reduction on their core 75% 5-year fixed rate now priced at 3.49%
• 10bps reduction on their 75% 2 and 5 years small HMO/MUFB products now priced at 3.49% and 3.79% respectively.

Download their latest product guide https://bit.ly/3v4PqLE

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18/05/2021 - New fee assisted BTL products from Foundation

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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

• 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

View the latest rate card:

• 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
  

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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

View the latest rate cards below:

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

View the latest product guide:

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

First Time Buyers:

• Max 80 LTV
• Fixed rates from 3.80 per cent
• 500K Loan Size
• Min 25K Income, Max 4.50 LTI
• Min 100K Property Value

View the latest rate cards below:

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

Commercial Criteria 

• Rates from 5.64
• Fees of 1.5 per cent
• Up to 65 LTV
• Property values over 2M considered

View the latest rate card below:

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

Please note that these rates are only available for single-family dwellings, and not available to Expats.

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

Buy to Let Products

• Added 80 and 85 LTV across their Core range

Note for Nothern Ireland: available products are 75 LTV. Right to buy is not available

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

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16/02/2021 - Fleet Mortgages Product Changes

Fleet Mortgages has announced product changes to their BTL range. 

• 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

• 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

Products are available with a max loan amount of 1.5M and 1M, with the large loan product at 2M. There is no limit to the borrowers background portfolio size, subject to a max 3M with Foundation.

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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

Launching 2 and 5 years fixed rate with and without fee options on the following ranges:

• Hero up to 85 LTV 
• Select and eKo up to 80 LTV
• Property Plus up to 75 LTV

• Core
• Property Plus
• HMO / MUB

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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.

Speak to the impact team today on 01403 272625 to find out more.

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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

Product Highlights:

• 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

View their latest rate cards below:

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

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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

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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

A range of 2 and 5 year fixed rate remortgage specials at 65 per cent and 75 per cent LTV, with reduced upfront costs to appeal to landlords or limited companies, and may particularly offer value to portfolio landlords looking to remortgage a number of properties. Now with a 1 per cent product fee and still the remortgage incentive package of:

• One free standard valuation per case
• 250 pounds cashback on completion
• No application fee

• 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

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17/12/2020 - Foundation Process Update

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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

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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

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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.

Speak to the impact team today on 01403 272625 to find out more.

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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

NEW HMO early remortgage BTL product:

•  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

View the updated rate cards:

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

• 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

View the updated rate cards:

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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

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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

Decisions in Principle must be submitted, with the product selected, by 8pm on Tuesday 24th November. After this, you will be required to select a product from the new range to proceed.

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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

Speak to the impact team for assistance.

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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

Speak to the impact team for assistance.

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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

Speak to the impact team for assistance asap

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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

Proc fee 0.5% via impact!

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

All mortgage applications are subject to regional risk limits. 

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

In order to secure the lower product rate Saffron require a full mortgage application submitted with fees paid by 5pm on Thursday 22 October.

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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

Speak to the impact help desk to find out more or to submit an enquiry!

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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%

Speak to the impact help desk to find out more!

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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

Please contact the impact team to find out more or to discuss an enquiry.

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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

Please contact the impact help desk to find out more!

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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

Please contact the impact help desk to find out more!

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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

Speak to the impact help desk to find out more or to discuss an enquiry.

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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

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 - 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

Application submission deadline - Close of Business Monday 24th 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%

To find out more speak to the impact team on 01403 27 26 25

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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 

Loans up to 1m  / 1.5% Product Fee

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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.  

Please speak to the impact team to find out more.

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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

Marsden review each application on a case by case basis, and they do not system credit score, so their products could be ideal for your clients with a limited credit history. 

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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

Call the impact help desk to find out more or to place an enquiry.  BUT BE QUICK, as some of these great options may not be round for long...

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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 LTV

DIPs 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! 

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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.

SEND IN A DIP ASAP VIA THE IMPACT PORTAL - THESE WILL NOT BE AROUND FOR LONG!

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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

** FHL have also launched a Packager Exclusive NO ERC range, up to 75% LTV, rates from 3.34%, up to 1.5m and 2% fee added. **

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

For all enquiries, please speak to the impact help desk on 01403 27 26 25.

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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.

Call the impact team to find out more!

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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

Please note that additional underwriting may apply, as portfolios will need to be assessed to understand liquidity position, tenant profiles will need to be examined and additional information may be required

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

• 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:

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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

Call the impact team to find out more. 

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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

KENT RELIANCE

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

INTERBAY

• 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

For full details, to discuss a case or submit an enquiry, please speak to the impact help desk on 01403 27 26 25

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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 

Please speak to the impact team to find out more.

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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

Free valuation, where possible they will use an AVM rather than physical standard property inspection.

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

Please speak to the impact team to find out more!

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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.

Speak to the impact team to find out more.

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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

They are also increasing their maximum AVM loan levels for:

• Residential remortgage
• Second charge residential

Speak to the impact team to find out more.

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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%

Stress Rate DSCR Cover (All variable term loans up to 30 yrs & all fixed rate up to 5 yrs total term)

• Personal applications:         Increased from 160% to 180%
• Ltd Company applications:  Increased from 150 to 165%

Cases already submitted up to the 1st of May will be honoured on the previous methodology.

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 inspection

Residential 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)

Please contact the impact team to find out more or to discuss an enquiry.

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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

Please note there are a number of restrictions that apply to desktop valuations

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

New products will be launched on Wednesday 8th 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 250 to 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 200,000, now 45,000)

New products (60% LTV in all instances)

RESIDENTIAL - Interest Only 5 year fixed rate 3.34% 999 product fee (XF0278) / 45,000 minimum loan
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

To submit a case with our current rates, please note the submission deadlines below.

• Decision in Principle Illustration produced by 5pm TODAY, Friday 3rd April
• Full Application submitted by 5pm on Monday 6th April

BLUESTONE

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.

Short Term

• 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.  

Octane Capital

• 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.

Family BS

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.

We will be honouring your existing pipeline of applications on our previous products and criteria, providing the Full Mortgage Application is submitted to us on or before 1 April, and a mortgage offer is issued by 14 April. If outside of this time-frame, then the new criteria will need to apply.

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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 27th

Landbay - 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

Mint Bridging - ALL bridging cases that have not funded, are to be put on hold

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

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

Shawbrook - AVMs can be considered for security when the following standards are met:

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

Buy to Let

• Withdrawal of 80% LTV
• Maximum loan amount of £500k

All DIPs to be produced by 5pm, Tuesday 24th March with full applications by Friday 27th March. 

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 

Residential

• 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

Any DIPs on existing products need to be received by close of business today. You will then have twenty one days from your DIP accept date (please refer to your illustration for this date) to progress to FMA.

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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*  

*Max loan based on Gross amount.

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

Please call the impact team to find out more and to submit an enquiry.

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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:

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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%

Remember, impact is a Strategic Partner with Shawbrook which not only gives us better proc fees to pass on to you, but we have access to key personnel which provides a better overall service.

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

Please contact us to find out more. 

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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%

Not Available for Expats / HMO / MUBs
Private Bridges not considered

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

Full product details are available on our website or please call the help desk to find out more.

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13/09/2019 - Precise launch new products

Precise Mortgages have launched some amazing new products

RESIDENTIAL MORTGAGES

• Rates from 2.99%
• Fees reduced from 995 to 495 across all tiers and LTVs
• Rates reduced across all tiers by up to 50bps

BUY TO LET

• Core Buy to Let: 1.99% 2-year fixed with 2.5% fee, 75% LTV, assessment rate 5.5%
• Core Buy to Let: 2.79% 2-year fixed with 0.5% fee, 75% LTV, assessment rate 5.5%
• Core Buy to Let and Limited Company - 2.99% 5-year fixed with 2% fee, 60% LTV, minimum loan size of 750,000, assessment rate 2.99%
• All Buy to Let - 3.19% 5-year fixed with 2% fee, 75% LTV, assessment rate 3.19%
• All Buy to Let - 3.34% 5-year fixed with 1,995 fee, maximum loan 300,000, 75% LTV, assessment rate 3.34%

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

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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

1. MB0 Increase in fee to 1295 (rates from 3.04%)
2. MB1 Increase in fee to 1495 (rates from 3.64%)
3. 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%)

To discuss an enquiry or to find out more, please contact the help desk on 01403 272625

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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

Please speak to the help desk to find out more or to discuss an enquiry. 

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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.

Remember to choose impact as a payment route if you are going directly! 

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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

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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

Example rates:

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.

These amendments compliment their already competitive criteria:

• 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

Please contact the helpdesk to find out more - 01403 27 26 25

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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

Credit History

• 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

Call now to find out more!

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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.

All loans B#1.5m - B#2m are available through impact specialist finance.

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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

To secure a product from the current range you must fully submit your application by 8pm on Wednesday 26th June, and ideally selecting impact sf as your payment route! 

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

Available on F1 criteria only - not available to HMOs, MUBs or STLs. Rental 145% of pay rate for individuals and 125% of pay rate for Ltd Cos.

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

These reduced rates are limited edition and will not be around for long, so hurry! 

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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.

Any questions, please contact us on 01403 27 26 25

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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! 

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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)

We will endeavour to get any cases through as quickly as possible.

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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.

Please note the lender is currently 12 working days behind. 

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.

Pepper will also reprice some of their Residential and BTL range, and will remove their 65% LTV products on Residential Pepper 36 & 48. 30 month Residential fixed rates and Buy to Let Limited Editions will also be withdrawn.

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.

To speak to one of the team, please call 01403 272625

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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.

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%

To find out more, contact the impact help desk on 01403 27 26 25

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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

Please contact the help desk to find out more on 01403 27 26 25

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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:

*Properties bought under valuation

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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!

For more information please call our sales team and they will be happy to help!

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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

To find out more please call our sales team today!

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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!

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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

Speak to the AToM help desk to find out more or send over a DIP!

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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!

For more information please call our sales team and they will be happy to help!

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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)

Speak to the AToM help desk to find out more or send over a DIP!

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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:

1. Documents not being certified at all / or incorrectly
2. Undisclosed credit information
3. Undisclosed information i.e. family members who will reside in the security
4. Income evidence does not match income declared on DIP
5. Application form, declarations and DDMs not being completed fully and signed

In addition, if there is a delay getting documents to us after the DIP has been agreed, the consequences could be:

• Clients DIP expires and has to be re-agreed
• The products can be withdrawn
• Your client can lose the property they wish to purchase

Every DIP agreed with AToM will have a submission checklist. Please ensure all items requested are received with the application pack and your case will fly through....!

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!

Less Time = Quicker Completions = Quicker Proc Fee!

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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!

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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

Speak to the AToM help desk to find out more or send over a DIP!

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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

For more information please call our sales team today!

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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)

Speak to the AToM help desk to find out more or send over a DIP!

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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.

They will accept applications for withdrawn fixed rate products up to and including Friday 3rd August.

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.

They will accept applications for withdrawn fixed rate products up to and including Wednesday 1st August.

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

To find out more regarding this new and exclusive product range please call our sales team today!

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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

For more information please call our sales team today!

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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

For more information regarding this fantastic new product range please call our sales team today!

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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:

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05/07/2018 - Landbay Packager Exclusive

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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%

For more information on this new product range please call our sales team today!

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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

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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

For more information please call our Commercial team today and they will be happy to help!

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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

For more information please call our sales team and they will be happy to help!

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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

To find out more regarding this great new product range please call our sales team today!

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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

For more information regarding this fantastic new product range please call our sales team today!

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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%

To find out more please call our sales team today!

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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

Call our commercial team today to find out more!

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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

For more information regarding this fantastic new product range please call our sales team today!

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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

To find out more regarding this great new product range please call our sales team today!

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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

For more information regarding this fantastic new product range please call our sales team today!

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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

Thank you in advance!

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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

Call our commercial team today to find out more!

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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

For more information please call our sales team today!

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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

To find out more regarding this great new product range please call our sales team today!

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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)

For more information on this new product range please call our sales team today!

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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:

1. Documents not being certified at all / or incorrectly
2. Undisclosed credit information
3. Undisclosed information i.e. family members who will reside in the security
4. Income evidence does not match income declared on DIP
5. Application form, declarations and DDMs not being completed fully and signed

In addition, if there is a delay getting documents to us after the DIP has been agreed, the consequences could be:

• Clients DIP expires and has to be re-agreed
• The products can be withdrawn
• Your client can lose the property they wish to purchase

Every DIP agreed with AToM will have a submission checklist. Please ensure all items requested are received with the application pack and your case will fly through....!

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!

Less Time = Quicker Completions = Quicker Proc Fee!

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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)

To find out more regarding this great new product range please call our sales team today!

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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

To find out more regarding this great new product range please call our sales team today!

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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

For more information on this product range please call our sales team today!

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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%

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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%

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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

Product Highlights:

• Repayment and Interest-only rates from 2.94% (2 Year Discount)
• Up to 75% LTV
• Loans up to 2m
• Gifted family deposits considered

Limited time only - promotional rate ends 30th April 2018!

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

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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

To find out more please call our sales team today!

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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

To find out more please call our sales team today!

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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

To find out more and how you can help your clients north of the border, call our dedicated sales team today!

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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

To find out more please call our sales team today!

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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

Please call our dedicated sales team today to find out more!

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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.

We apologise for any inconvenience caused and we hope conditions will be better tomorrow.

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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)

Please call our sales team today to find out more!

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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)

For more information please call our sales team today!

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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

For more information please call our sales team today!

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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)

For more information please call our sales team today!

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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

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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

Product Highlights:

• Repayment and Interest-only rates from 2.94% (2 Year Discount)
• Up to 75% LTV
• Loans up to B#2m
• Gifted family deposits considered

Limited time only - promotional rate ends 30th April 2018!

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

Please call our sales team today and they will be happy to help!

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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

Please call our dedicated sales team today to find out more!

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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

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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

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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

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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% 

For more information please call our sales team today and they will be happy to help!

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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...!

We can also help with your adverse cases and using our 27 years experiences, help to find solutions for your customers with difficult circumstances!

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

Please call our sales team for more information regarding these great products!

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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

Please call our sales team to find out more today!

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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

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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

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

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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

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

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

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

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14/12/2016 - PRA Rules Precise Mortgages Update

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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

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!

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

You can see the product guide at 

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

Call the sales team to discuss any enquiries or criteria.

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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. 

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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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05/02/2016 - Dudley remove ExPat range

In preparation for potential market turbulence as a result of MCD, Dudley are temporarily removing their ExPat products. They will return to the marker once they are able to accurately assess likely levels of demand for their products. 

Products BLX01 and REX01 will be removed from their range as of 5th February 2016. 

Any pipeline cases will be honoured up to two weeks after the 5th February 2016

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