Category: News
PSL is looking at accelerating changes that could reduce call volumes into call centres in the current environment.
Read all the latest business updates here. This will be updated as more information becomes available.
The latest updates from lenders relating to the mortgage payment holidays – in association with Knowledge Bank.
Halifax Intermediaries will relaunch some mortgage products at over 60% LTV from the week beginning 30 March.
These measures will also apply Nationwide Building Society’s buy-to-let arm, The Mortgage Works.
The society’s full product transfers product range remains available.
Savills predict the coronavirus pandemic to affect all areas of the UK housing market according to their latest data.
With immediate effect, the society has limited lending to 80% LTV across its range of residential mortgage products and imposed restrictions on all new buy-to-let business.
Borrowers are potentially at risk of loosing their deposits if they find their mortgage offer withdrawn or they cannot complete.
First-time buyers will be adversely affected due to banks lowering their maximum LTV to 60%.