Category: Residential Mortgages
After a successful product transfer trial with L&G Mortgage club the lender is now expanding the process to all registered intermediary partners.
Meanwhile prices rose in December for the fifth month in a row – up 0.3%, or £875,
In contrast, potential home-mover visits to the Rightmove website are at record highs for the first two weeks of a new year, and up by 5% on the comparable period a year ago.
Its current range of remortgage products has a maximum 90% LTV. All of Accord’s 95% LTV remortgages will come with a range of additional features including cashback on completion, free standard valuation, free legal fees and low or no product fees.
Roe joined The Nottingham in April 2018 as chief risk officer and is accountable for the design of the society’s risk monitoring plan. He joins fellow executive directors David Marlow and Dan Mundy.
The revamped residential range includes a 5-year 95% LTV fix for purchase at 3.43% with no fee or 3.34% with a £495 fee, while for buy-to-let customers there’s a 5-year fix, available for both purchase and remortgage at 2.02% to 60% LTV with a £1,995 fee.
This is to help advisory firms across Sesame Network, PMS Mortgage Club and Bankhall to bolster their staff development and recruitment.
At 60% FTV (40% deposit) the discounted variable rental rate was reduced to 3.14% and the fixed rental rate was cut to 3.44% while at 70% FTV (30% deposit) the discounted variable rental rate was reduced to 3.24% and fixed rental rate was reduced to 3.54%.
Dan Payne, managing director at Fluent Mortgages, believes this year will be good, if not challenging.
Pathak brings more than seven years’ banking experience to her new role, having previously held positions at Barclays and Santander. Nadhvana has spent 14 years as an underwriter at Nationwide Building Society.