Enhancements to our new-build lending criteria
We’re pleased to announce a number of enhancements to our lending criteria, providing greater flexibility for your clients. These changes broaden the range of properties we can consider and provide greater flexibility for borrowers purchasing new-build flats and houses. Our updated criteria includes: We now lend on flats in blocks of up to ten storeys New-build flats and […]
Enhanced Criteria. Greater Flexibility
When your client doesn’t fit the standard mould, we look at the whole story. That’s why we’ve enhanced our residential proposition, making it easier to support a broader range of customers through simplified credit tiers and greater affordability flexibility. By reducing complexity and looking beyond historic credit events, Foundation helps brokers place cases involving credit […]
New limited edition buy to let & special edition product switch rates
New limited edition buy to let & special edition product switch rates We’re introducing new limited edition buy to let mortgage rates and special edition product switch 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 […]
Latest Goings On at ModaMortgages
Want to keep up to date with the latest goings on at ModaMortgages? Take a look at what we’ve be talking about recently. Every buy to let case starts with affordability. At ModaMortgages, we’ve stripped things back to the essentials, with clear criteria designed to help you quickly understand what your client can borrow. Take […]
Update Check In
Want to keep up to date with the latest goings on at CHL Mortgages for Intermediaries? Take a look at what we’ve be talking about recently. Bridging range now available. More specialist solutions. Same personal touch. We’ve launched our new bridging proposition offering fast, short-term finance solutions designed to support a variety of regulated and […]
Do you have clients who are mortgage ready, but not deposit ready?
o you have clients who can afford a mortgage, but haven’t been able to save a deposit? Clients that are paying rent every month, but struggling to save alongside rising living costs? What about with strong incomes and solid credit profiles, but no deposit saved? We can help bridge the gap between affordability and owning […]
Higher ladder? Lower it. How well do you know our first-time buyer range??
For many first-time buyers, getting onto the property ladder can feel out of reach. That’s why we’ve developed a range of innovative solutions designed to help more clients become homeowners. Whether they’re short on deposit, need a little more borrowing power, or are concerned about the costs that come with moving home, our range of […]
We’re reintroducing fixed-fee and zero-fee HMO/MUFB options
We’re pleased to share that we are reintroducing fixed-fee and zero-fee Five-Year Fixed Rate options across our HMO/MUFB buy-to-let range, giving landlord borrower greater flexibility, with fee options designed to help them find the right balance between upfront costs and rate. Please see further details below: Reintroduction of fixed-fee and zero-fee HMO/MUFB options Fixed £1,499 […]
Credit Criteria Updates
We are implementing the credit criteria changes detailed in the attached. In addition, please note the following updates to our Loan to Income (LTI) and adverse credit criteria. Please ensure the relevant criteria and guidance are updated accordingly. Loan to Income (LTI) Standard applications: Maximum 4.49x income, unless: Sole applications: Where income is £50,000 or […]
Case Scenario: University Student JBSP at 100% LTV
With many families exploring the costs of university life, some parents are looking beyond renting and considering longer-term housing solutions. Here’s an example of the type of customer our >95% LTV JBSP proposition could support. Customer Sarah, an 18-year-old student preparing to start university Accepted onto a degree course with strong future earning potential Looking […]