Financial Update 2nd March 2021
⬆️ Government set to launch a mortgage guarantee scheme to help people with small deposits bringing back 95% mortgages.
➡️ Stamp Duty Holiday deadline looms at 31st March. Will the SDLT holiday be extended. Anxious homebuyers to await budget eagerly.
⬆️ Saffron Building Society has relaunched its joint borrower sole proprietor product which now comes with no arrangement fee and a free valuation
➡️ Precise Mortgages have temporarily amended the minimum loan amount to £75,000 on their personal ownership and limited company buy to let products
⬆️ United Trust Bank has launched a new First Time Buyer product, Maximum 80% LTV, Minimum Income £25K
⬆️ Masthaven Bank new mini bridging loan provides facilities between £200,000 and £300,000 and is designed for smaller, straightforward loans where time is of the essence.
⬆️ Clydesdale Bank professional mortgage range – 90 per cent LTV and consist of a two-year fix at 3.44 per cent and a five-year fix at 3.64 per cent.
➡️ BM Solutions require properties to have a valid EPC and a minimum rating of E or above from Tuesday 2 March 2021. Applies to Buy to Let purchases and remortgages, Let to Buy remortgages, and further advances. #mortgage #ukmortgage