Members lent £3bn in the year to June 2017 after completing £875m of lending in the second quarter alone, an increase of 12.1% from the first quarter and 17.8% from the same period last year.
The software is being provided by Capita and will allow the broker to check the borrower’s eligibility with an immediate decision in principle without impacting the clients’ consumer credit score.
The guide details how younger millennials tend to be happier house sharing with a group of friends, so it’s worth looking at properties with robust fixtures and fittings, sufficient living space and more than one bathroom.
The society is now lending up to 75% LTV on buy-to-let new builds.
Similarly almost two-thirds (63%) would not put up with neighbours who engaged in noisy activities like DIY and parties at least three times a week.
In a similar case to the fake TSB emails last month brokers are presented with a fake mortgage offer before being invited to input their account details into a fake version of the Outlook email service.
The cost of 2-year fixes at 60% and 70% LTV are 4% lower than three months ago, while 60% and 70% 2-year trackers are down 1% and 2% from May 2017 respectively.
The mortgage is designed for those who want to pay interest on their mortgage debt into retirement and is currently available through a limited selection of intermediaries.
Landlords with four buy-to-lets will now be stress tested against an income coverage ratio of 150% at 5.5%, or at 5% for 5-year fixed rates.
As a whole the UK workforce move around for work 25% less than at the turn of the century, the think tank Resolution Foundation found.