Loan to value
Fledgling intermediary lender Aldermore has broadened its product range to accept first-time buyers, relaxed its criteria for landlords and increased the maximum loan size it is prepared to take.
Coventry Building Society's head of sales explains how its intermediary offering will evolve after the integration with Stroud & Swindon.
The property market recovery has finally run out of steam as the lack of homes for sale driving the demand is no longer an issue.
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Santander UK has announced its profits grew by over 15% in the first three months of the year to £426m, with revenue up 8%.
Aldermore is designing its mortgage range specifically to help self-employed and creditworthy borrowers who are being turned away by lenders.
ITL Mortgages, the intermediary arm of Stroud & Swindon, will suspend new lending on its higher LTV products of up to 85% due to high demand.
Over a fifth of the UK population (10 million people) could be prevented from getting a mortgage by lenders that operate a rigid automated credit scoring system, according to Kensington.
Secured loans lender, Link Loans, has relaunched with new equity funding from the RBS Special Opportunities Fund and debt funding from RBS Financial Institutions.
Yorkshire Building Society has today cut the rate of its 85% LTV two-year tracker product by 0.60% to 3.79%.
Mortgage availability for homebuyers increased by 6% in March, according to financial information provider Moneyfacts.
The Mortgage Works (TMW) has launched guarantor mortgage products with different levels of liability.
State funded banks are becoming less willing to increase their competitiveness, according to Moneyfacts.
Yorkshire Building Society posted a pre-tax loss of £12.5m for 2009, an improvement compared to a pre-tax loss of £22m for 2008.
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