Category: Residential Mortgages
Openwork is licensing adviser firms to pilot the monthly income drawdown lifetime mortgage which was developed following client and adviser research.
To 95% LTV there’s also a 2-year fix at 3.47% with £1,000 cashback, a 5-year fix at 3.39% with no fee and a 5-year fix at 3.65% with £1,000 cashback.
The society said it will have or had a presence at a number of events.
The number of residential property transactions in December reached 102,330, an increase of 3.6% year-on-year on a seasonally adjusted basis, HMRC property transaction figures showed.
There’s a 1% arrangement fee, no early repayment charge, a minimum loan of £30,000 and a maximum loan of £1m with a 24-month term and no maximum age. The repayment is interest-only.
The three deals all have a minimum loan size of £75,000. There’s a 2.45% rate at 85% LTV, 2.65% at 90% LTV and 3.60% at 95%.
McLoughlin is The Mortgage Lender’s second onsite underwriter appointment. She joins from Capital Home Loans where she has been operations manager for the last two and a half years.
The Build to Rent site, known as Chelmer Waterside, forms part of a major mixed-use development in Chelmsford which will provide a landmark urban regeneration scheme for the city.
Pepper Money has appointed Mark Wilkinson as a regional development manager for the North East.
Criteria Hub provides advisers with the technology to search and compare lender criteria quickly and easily on its database. Members of TMA Club will have access to an exclusive two months free trial of the service.