Mortgage Product Update 20/07/2021

The following updates were completed and are live in SOURCE today:

NatWest

NatWest has updated rates on selected Residential Intermediary products, and withdrawn selected Intermediary products from their Green Purchase range.

Nottingham Building Society

Nottingham has amended their BTL criteria to the following:

● At the date of application, the main applicant (defined as being the main income earner) must be, or have been, an owner-occupier of a property in the UK.

● Salaried applicants must provide a minimum of one months’ payslip and the most recent months’ bank statement, evidencing 1/12 of annual income being received each month. Additional months’ payslips and bank statements may be requested to evidence non-regular income.

Pepper Money

Pepper Money has repriced all their Residential and BTL products, amended Application Fee for Standard BTL & Residential products from £135 to £150 and amended Valuation Fee scale. They have also Simplified BTL ranges below Pepper 24, restricted BTL flat fee products to a max loan size of £300,000, and expanded Pepper 60 offering (offering new rates for 80% max LTV and increased existing rates).

Principality Building Society

Principality Building Society has updated rates on selected Residential and Buy to Let products, as well as making 85% LTV Fixed Rate Residential products available to all applicant types.

Santander UK Plc

Santander UK Plc has extended end dates and updated completion dates on all products. They have also reduced rates on selected products and reduced product fee on two Help to Buy Equity Loan products.

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