Category: Buy-to-let

PMS Mortgage Club and Sesame Network have added regional lender Swansea Building Society to their respective panels, providing members and their customers with access to its range of residential and buy-to-let mortgage products.

The products will be available up to 80% loan-to-value and are available to individuals, limited companies or LLPs, for HMO and multi-unit freehold, and for new build and flats above commercial properties.

Together increased quarterly lending volumes to a record high of £422m, while maintaining a loan-to-value of 58.8%.

Brome has worked at the broker for 17 years, starting as a mortgage adviser before becoming a client service manager, where she was responsible for the client services team at Just Mortgages’ head office in Colchester.

Speaking at today’s Financial Services Expo (FSE) Manchester, Whittaker suggested there would be major issues for advisers and those clients who hold properties which do not meet the new requirement of Grade E or above.

To reflect the additional work facing brokers TMW is offering an additional 0.10% procuration fee on top of the standard fee in the range.  This will also apply to its piloted limited company products.

Meanwhile for HMOs with over six bedrooms they are dropping to 140% for a company and 155% for individuals.

UK Finance figures show that new buy-to-let mortgage volumes were down by 19.1% at 5,500, while residential remortgage completions fell by 12% to 32,400.

National Landlords Association data indicates that 45% of landlords intend to sell individual flats, with a third (33%) offloading terraced homes – both of which represent options for first-time buyers..

Rae was instrumental in launching GMAC RFC, Dudley Building Society and Pepper Homeloans into the UK intermediary market.