We’ve said goodbye to mortgage admin fees
We’ve said goodbye to mortgage admin fees No one likes extra fees. Your clients least of all. So we’ve scrapped our mortgage admin fees. No CHAPS fee. No unpaid direct debit fee. No charges for duplicate statements or common processing tasks. Always upfront, no surprises: If your client chooses to switch their deal early or […]
700 BTL properties come to market each day
At a recent Mortgage Introducer discussion, our Business Development Managers, Neil Cadwallader and Stuart Heavens, explored the changing Buy to Let market. Many Buy to Let property sales are by smaller, individual landlords. As Neil explains, 20–30% are being snapped up by professional landlords, often at strong prices and quickly returning to the rental sector. This points […]
Fast, flexible bridging finance for your clients
When a deal doesn’t fit the high street criteria, bridging finance can often provide the solution. At Mercantile Trust, we offer flexible Bridging Loans designed to help brokers place a wide range of property transactions and short-term funding requirements, including: First and Second Charge Bridging Loans Personal and Limited Company Borrowers Property Refurbishments – Fund light refurbishment projects before refinancing […]
Why Are More Landlords Choosing 2-Year Fixed Rates Over 5-Year Deals?
We’re seeing an increasing number of landlords opting for 2-year fixed rate mortgages rather than committing to 5-year products. Several factors appear to be driving this trend. 1. Expectations of Lower Interest Rates Many landlords believe the current interest rate environment may soften over the next couple of years. With the Bank of England having […]
Delays aren’t always a bad thing…
Have your clients ever wished they had a little bit of extra time to get their affairs in order before they needed to get their application through? On select cases, we can assess criteria on completion rather than application. This means we will manually override the DIP and assess your client’s profile from the completion […]
Have a Client Looking for a Loan Under £100k?
Many lenders tend to focus on larger loan sizes, but at Mercantile Trust, we’re committed to supporting smaller borrowing requirements too. We’re pleased to offer competitive rates on: First Charge Bridging Loans under £100,000 Second Charge Bridging Loans under £100,000 In addition, we’re currently offering: Free legal fees on all Second Charge Loans (including Bridging Loans and Term Loans) in […]
Our Bridging Proposition Just Got Stronger
Bridging just got better. We’ve strengthened our bridging proposition with a range of product enhancements and simplified underwriting requirements. Selected products benefit from reduced pricing and increased maximum LTVs. We’re also pleased to share a range of underwriting improvements that we’ve delivered over the last few months to make it easier than ever to do […]
New Limited Edition Buy-to-Let Products
We’re introducing new limited edition buy to let mortgage rates, helping you to find the right mortgage for your clients. We aim to give brokers as much notice as possible when we make changes to our product range, but due to the ongoing volatility in the market we want to make you aware that these rates may […]
Complex Landlord Cases
UTB BTL lending – your go to solution for complex landlord cases With the Buy-to-Let market remaining steady but still challenging for many landlords, it’s a good time to remind your clients that UTB can offer flexible solutions when cases don’t quite fit mainstream criteria. Here are five key UTB product features brokers tell us […]
Enhanced Track Record
We’ve enhanced Track Record again! See if these updates could help even more of your clients. It’s been 3 years since we launched our groundbreaking low-to-no-deposit Track Record mortgage. And to celebrate its birthday, we’ve made some changes that could help even more of your clients onto the ladder: In some circumstances, we’re increasing our […]