Hodge Bank has halted all purchase mortgage applications, and suspended its portfolio buy-to-let mortgages in light of coronavirus.
Additionally, in line with the Bank of England reducing the base rate from 0.75% to 0.10%, Aldermore has decreased its variable rate by 0.65%, from 5.23% to 4.58%.
Platform has temporarily removed all residential tracker mortgages, new build, help to buy and buy-to-let mortgage products for new business.
Atom Bank has temporarily withdrawn all its remortgage, purchase and first-time buyer products.
Lloyds Banking Group have acquired Tesco Bank’s UK residential mortgage portfolio.
Paradigm Mortgage Services has added information on lenders’ automatic valuation model (AVM) and LTV restrictions to its coronavirus support page.
London Money is urging its clients to reconsider contacting their mortgage lenders with regard to a repayment holiday.
Fleet Mortgages has paused lending on products over 60% LTV.
FSCS is continuing to review information related to what misleading advice was given by LCF.
CETA Insurance has set up a home insurance referral service to support mortgage brokers affected by coronavirus.