Exclusive: MPowered enlists AI to produce complex residential ...
WEBMay 3, 2022 · MPowered Mortgages by MQube, is taking on the prime residential mortgage market with what it claims to be the UK’s first artificial intelligence (AI) and machine learning led system, enabling it to compete against the Big Six lenders. The proposition was launched to the buy-to-let market last year, enabling complex applications to be rapidly ...
Natwest joins mortgage rate-cutting wave - Mortgage Solutions
WEBJan 4, 2024 · Natwest has become the latest lender to cut its mortgage rates following a flurry of reductions this week. The lender has reduced rates by up to up to 0.52 per cent for new and existing residential and buy-to-let borrowers. This includes a rate as low as 4.19 per cent, which is available to new borrowers buying a home at 60 per cent loan to ...
BM Solutions extends maximum tenancy term - Mortgage Solutions
WEBFeb 7, 2022 · BM Solutions, the buy-to-let (BTL) brand of Lloyds Banking Group, said that it will now allow a tenancy term of as long as 36 months under its loans for properties in England, Northern Ireland and Wales. Private residential tenancies in Scotland have no specific end dates, so this criteria does not apply. Previously, the maximum letting term ...
Halifax updates income calculation for self-employed - Mortgage …
WEB01/09/2021. •. 0. Halifax has made changes to the way it calculates income for self-employed borrowers whose earnings would have made them eligible for a Self-Employed Income Support Scheme (SEISS) government grant. The SEISS grant was opened to self-employed workers with trading profits of no more than £50,000 in May last year.
Ex-Bradford and Bingley and Mortgage Express ... - Mortgage …
WEBFeb 13, 2018 · The borrowers, many of which have multiple mortgages, began receiving letters with details of the transfer to its subsidiary Topaz Finance Limited under the trading names, Jasper Mortgages and Rosinca Mortgages this month. Buy-to-let borrowers reported receipt of the letters on a property forum, with 44,200 customers and 15,600 accounts transferred to Rosinca Mortgages and 8,800 customers with ...
Everything you need to know about swap rates…but were afraid to …
WEBOct 7, 2022 · As swap rates are based on assumptions of what interest rates will be, if they are expected to rise then swap rate changes would continue. Harris explained: “Market anticipation is that the base rate will have to move faster, higher and for longer.”. “The Bank of England is expected to further increase the base rate again in November when ...
The BM Solutions buy-to-let hub is live - Mortgage Solutions
WEBFeb 4, 2020 · Welcome to the buy-to-let hub brought to you by BM Solutions. This dedicated microsite includes guides, business tips and videos to help you access the buy-to-let market. In association with Mortgage Solutions, BM Solutions brings you essential market intelligence and insight to help you and your clients understand and prosper in …
Barclays slashes mortgage rates by up to 0.43 per cent
WEBDec 19, 2023 · High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.
Natwest removes minimum income and lowers stress test for BTL …
WEBDec 10, 2021 · Natwest has removed the minimum income threshold and introduced a lower stress rate for five-year products and like-for-like remortgages for new and existing buy-to-let (BTL) customers. The move will open up BTL borrowing to new and existing customers. Small landlords and like-for-like remortgage cases …
BM Solutions launches new mortgage application system
WEBOct 23, 2020 · BM Solutions is rolling out a new online mortgage application system with features designed to improve the application process for intermediaries. Initially, the system will only be available for new mortgage business, including buy-to-let purchases, let-to-buy and remortgage applications. Product transfers, further advances and transfer of ...
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