Win £350 for a charity of your choice with The Family Building Society
A MESSAGE FROM THE FAMILY BUILDING SOCIETY
As 2018 comes to an end, we’d love to know how you think we’ve been doing this year, so we’d be grateful if you could complete our Broker Survey.
It shouldn't take you longer than 10 minutes, and by completing our survey you’ll have the chance to enter into a prize draw. This year we’re offering you a chance to win a donation of £350to a charity of your choice.
The closing date is Wednesday 19 December 2018, and we’ll email the winner on Friday 4 January 2019.
Your opinions matter to us and can help shape the way we do business with you in the future.
Foundation Homeloans are now accepting New Build Flats within their lending criteria.
The key points of their New Build Flat criteria that will apply to both Buy to Let and Residential lending are;
Lending to a maximum 70% LTV
Valuations will be on the basis of the property’s resale value
They will allow off-plan subject to a satisfactory re-inspection prior to funds-release, and any offer made on an off-plan basis is subject to a valuer’s initial assessment and underwriting at that stage
Paragon reduces second charge rates and enhances criteria
Paragon is delighted to announce a refresh of its second charge product range, with reduced interest rates and ERC-free product options. They’ve also increased the maximum loan terms and acceptable customer ages.
You can expect:
Reduced rates on ERC-free products
Reduced pricing on all existing ERC-free products, with a lead variable rate of just 3.63%
2-year fixed rate loans now available from 4.03% and 5-year fixes from 4.35%
Product fees unchanged
New ERC products
A new range of ERC products, across all variable and fixed rate plans
Variable rate loans available from just 3.57%
2-year fixed rate loans available from 3.77% and 5-year fixes from 4.15%
Product fees starting from £300
New maximum loan term and customer ages
The maximum loan term is increased to 360 months across all loan plans
Customer age limits increased as follows:
The maximum age at the start of the loan term, for income to be considered, will increase from 60 to 75 (i.e. the customer must not have passed their 75th birthday). Customers aged over 70 at the start of the loan will be required to obtain independent legal advice.
The maximum age at expiry of the loan for any (employed or self-employed income) to be considered will increase to 80 (must not have passed their 80th birthday).
The maximum age at expiry of the loan, where the applicant’s income is not considered, will rise from 80 to 85 (term cannot extend beyond a customer’s 85th birthday).
Speak to TFC Homeloans about your second charge requirements!