Jessica Nangle

Jessica Nangle is Deputy Editor of Mortgage Introducer

Several changes have been made to Kensington’s offering following the coronavirus outbreak.

The 21-page document answers key questions regarding subject matters such as rent arrears and mortgage repayments.

The grace period will last from April until July 2020. 

Skipton

The offering will exclude new build, shared ownership, properties over £1m in value and flats with cladding concerns. 

Existing members moving home, taking further borrowing or switching product will not be impacted by the changes.

This follows new measures put in place to protect tenants from eviction during the COVID-19 outbreak.

mortgage products drop

Mortgage approval figures in February were significantly stronger than seen in recent years.

The guidance has the support of government departments including HM Land Registry.

PSL is looking at accelerating changes that could reduce call volumes into call centres in the current environment.

These measures will also apply Nationwide Building Society’s buy-to-let arm, The Mortgage Works.