March, 2012

Skipton Building Society drop interest only maximum

Skipton Building Society drop interest only maximum

Skipton Building Society drop interest only limits Skipton Building Society have announced that their policy on interest only mortgages will change with effect from tomorrow 27th March. The current maximum loan to value on interest only applications of 75% will be dropped to 60%. Applications between 75% loan to value and 80% loan to value […]

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Nat West withdraw interest only mortgage option

Nat West withdraw interest only mortgage option

Nat West drop interest only Late yesterday afternoon Nat West announced a temporary withdrawal of interest only options on it’s mortgage range. This is a precursor to the Lender announcing a new range of interest only mortgage products which we expect next week. This spilt of product between mortgages to be taken on a capital […]

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Coventry Building Society reduce maximum interest only

Coventry Building Society reduce maximum interest only

Coventry BS alter interest only rules Coventry Building Society has today announced that it is reducing it’s maximum loan to value limit on interest only mortgage applications to 50%. This follows the lead set by Nationwide Building Society earlier this week and Abbey Santander and Halifax earlier this quarter. This puts further pressure on the […]

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Nationwide Building Society reduce maximum interest only

Nationwide Building Society reduce maximum interest only

Nationwide follows Santander and Halifax Nationwide Building Society has today announced that it is reducing it’s maximum loan to value limit on interest only mortgage applications to 50%. This follows similar announcements in recent weeks from Abbey Santander and Halifax. In April 2011 Nationwide reduced maximum loan to value for interest only mortgage applications from […]

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Newbuy Guarantee Scheme

Newbuy Guarantee Scheme

Newbuy Guarantee Scheme The Government’s Newbuy Guarantee Scheme was launched today. We picked this up in our blog on 2nd February and our view has not really changed. (at that point the label seemed to be New Build Indemnity Scheme) If you want to find out mortgage about the scheme visit our Newbuy Guarantee Scheme […]

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New Mortgage for the Self Employed supports UK enterprise

New Mortgage for the Self Employed supports UK enterprise

New Mortgage for the Self Employed supports UK enterprise Congratulations to Andy Golding and his team at Kent Reliance Building Society for showing some real imagination in the launch today of the innovative new Mortgage for the Self Employed. The Mortgage for the Self Employed – which we can access exclusively through specialist distributor Brightstar […]

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