Santander UK has improved its affordability rates on new build homes, which will allow customers to borrow more than £5,600 of extra cash. The lender says its new calculations “consider features particular to owning new build properties, including their lower running costs when compared… The post Santander boosts new build affordability appeared first on Mortgage Strategy.
Coventry for intermediaries has cut residential and buy to let rates by up to 10bps, with lower options available for new and existing customers. Offers include a 3.95% two-year fixed rate to end of December 2027, 65% LTV, with £999 fee – available for residential… The post Coventry and TML reveal rate cuts across ranges appeared first on Mortgage Strategy.
The Financial Conduct Authority has “immediately” scrapped collecting three data sets, which affect mortgage brokers and other intermediaries. The watchdog says the move is part of its wider transforming data collection programme, which aims to make it “a smarter, more data-driven, and proportionate regulator… The post FCA ‘immediately’ scraps three reporting data sets appeared first on Mortgage Strategy.
Together has lowered rates for its Buy-to-Let products for landlords switching from bridging loans to longer-term finance. The new Buy-to-Let Retention product range will see rates reduced by 25bps on first and second charge property loans for landlords refinancing to exit their original Together… The post Together introduces reduced rate BTL retention product range appeared first on Mortgage Strategy.
Halifax Intermediaries has told brokers it will make changes to the way high loan-to-value mortgages should be entered on its hub from next week. The lender says: “After Monday 30 June applications for mortgages above 90% LTV to 95% LTV are accepted as before,… The post Halifax makes hub change for high LTV products appeared first on Mortgage Strategy.
