View more on these topics

Infinity improves lending criteria

Infinity Mortgages has made significant improvements to its lending criteria, with higher income multiples.

Infinity says the changes will help not only first-time buyers but all home buyers and remortgagers.

The changes should also benefit intermediaries, who dont need to download complex software or use debt to income calculations.

Infinity Mortgages customers can now benefit from main income multiples raised to 4 x, joint income multiples raised to 3.5 x, and buy-to-let LTV raised to 85%.

Simon Biddle, head of marketing and communications, says: “These improvements to Infinitys criteria underline our commitment to improving our criteria proposition. This change further demonstrates our independence as a lender. This move already proves that there is clear blue water between Infinity and some of our competitors”..

Recommended

Credit repair range is a hit for Accord

Accord Mortgages says sales of its recently launched sub-prime credit repair product range are going through the roof. The range is available on a direct to lender basis and offers specialist underwriters brokers can call direct. Accord says it guarantees that if the broker’s client makes all payments due on time during the special product […]

Abbey Residential Property Plan to close to investment

The Abbey Residential Property Plan marketed in association with Knight Frank Corporate Finance closes to investment on November 4. This 10-year investment is designed to provide both capital protection and offer investors exposure to the UK residential property market without the risks that come from buying property as an investment. The Plan tracks the Halifax […]

Home of Choice eyes smaller networks

Home of Choice is in talks to acquire smaller networks, and says it has recruited a well-known member of the industry to help design exclusive mortgage products.Richard Coulson, managing director of Home of Choice, predicts that the network will double its current 1,100 applications in the next three years, to over 2,000.Coulson says it has […]

We need a unified trade body

There are likely to be three trade bodies soon, each fighting its own members’ corner, and this will be fine as long as there is movement towards eventual unity, says Richard Griffiths

Newsletter

News and expert analysis straight to your inbox

Sign up