Knowing you a little better
Intermediary or broker? At the moment we interchange these titles when we speak to you. We thought, who better to ask how best to describe you, than you!
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Your clients can now explore their mortgage online
We've created a new way for your landlord clients to check basic details about their mortgage with us. In just a few simple steps, they'll be able to see the:
- balance
- rate
- product
- next payment date and amount
When meeting with your client you could suggest they use this tool to provide you with information they may not have to hand.
To access the tool your client will need to head here, and have the following details:
- first and last name
- date of birth
- correspondence postcode
- 8 digit mortgage account number
Interest Cover Ratio (ICR) reductions
We recently reduced the following minimum ICRs:
- For higher rate taxpayers, the ICR is now 160%
- For Limited Company and lower rate taxpayers, the ICR reduced to 125%
New additions to Limited Company criteria
Our new criteria provides greater choice for Limited Company criteria.
We are now accepting Limited Company applications where the company:
- is purchasing a property, currently owned and lived in by one of the Directors, and
- will use the property as a Buy to Let.