Category: Remortgaging
The 70-day time period is just under the 77 days that the average property purchase is taking to complete, while the average purchase for a first-time buyer takes 99 days.
During March, the lender took client leads from 36 separate introducers, with a number of firms funding first cases.
Notable products include an 85% LTV 2-year fix at 2.55%, a 75% LTV 2-year fix at 1.48%, and a 65% LTV 2-year fix at 1.42%.
Research by Mortgage Broker Tools (MBT) has revealed the top five residential lenders for affordability.
Legal & General research revealed over one in three of those affected by the pandemic are planning to revert to their lender’s SVR rather than seek a new mortgage deal.
TSB has reduced mortgage product rates on offerings within its residential and buy-to-let ranges.
One fifth (19%) of UK homeowners have been unable to remortgage their home since the pandemic started, according to Comparethemarket.
Bank of Ireland UK has confirmed from 18 March it will be reintroducing 95% LTV mortgage products.
PMS Mortgage Club and Sesame Network have launched an exclusive buy-to-let remortgage product for its members through Buckinghamshire Building Society.
The West Brom has reintroduced 90% LTV fixed rate options on residential purchases.