InterBay Commercial has reset its maximum LTV to 70% and its minimum loan value to £100,000 as part of its efforts to reduce business volumes. Its proc fee stands at 1.5%.
- Top trends
The Association of Mortgage Intermediaries has today called on the chancellor to introduce a budget for the mortgage market.
I’m writing this column on a return flight from the Packager Summit in Monte Carlo, hosted by Mortgage Strategy’s sister brand, Mortgagedistributor.co.uk. It was well worth attending.
The health of the housing market is at risk as first-timers are finding it tough in the wake of the liquidity crisis and banks and building societies have stopped offering high LTV mortgages.
Coventry has became the latest entrant to the equity release market with the launch of a suite of products available through its branches and via broker brand Godiva.
By Jim Grant, Senior Product Insight & Technical Support Analyst The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing. Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from […]
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