Category: Residential Mortgages
Andy Alvarez, head of mortgage sales at Mansfield Building Society, said: “Our latest criteria changes offer increased flexibility for applicants who are looking to get more from a lender. We’re really pleased to be able to offer these solutions and they show our commitment to versatile common sense lending.”
David Lownds, head of marketing and business development at Hanley Economic Building Society, said: “Whilst these products are not exclusively aimed at first-time buyers.”
This recruitment has supported continued growth at the specialist distributor, which has secured several new network and club contracts, and is now accessible to more than 75% of intermediaries through long-term arrangements.
Since May of this year, the business began expanding its BDM department, which deals with enquiries from mortgage brokers, in response to an increased amount of business enquiries.
The tech specialist explained that Interact Switch will replace legacy processes, helping to avoid the build-up of notifications in the lead-up to customer mortgage product renewal.
On a monthly basis, average property prices rose by 1.2% between August and September 2021.
Graeme Stewart, managing partner of Shepherd Chartered Surveyors, said: “We are delighted to once again win such a prestigious award for the third year in a row.”
The specialist lender has increased the maximum LTV on its Pepper 18 and Pepper 12 products to 85% and raised the maximum LTV on Pepper 6 to 80%.
The cost of £3,548 now faced by the average homebuyer is also a whopping 490% more than the £601 paid back in 1997.
The scheme, which was launched ahead of World Mental Health Day (10 October), provides confidential counseling to Just Mortgages’ self-employed team.