SLS News

Platform product withdrawal Due to the ongoing economic circumstances Platform will be amending their Automated Valuation Model to ensure that it reflects the current conditions. As a result we will be withdrawing our current product range with effect from 5pm Friday 2 January. New products will be available from Monday 5 January. Pipeline deadlines: Clickdecision and kfis: All current products will be withdrawn from our website and all sourcing systems at 5pm Friday 2 January. All a...

Monday 22nd December 2008  Normal office hours Tuesday 23rd December 2008  Normal office hours Wednesday 24th December 2008  8.30am - 1 pm.   Thursday 25th December 2008  Closed Friday 26th December 2008  Closed  ...

Base Rate Falls by 100 Basis Points.   The Monetary Policy Committee has announced that they have reduced interest rates by 100 basis points, taking it to just 2%. This is the third rate reduction in as many months with some evidence that further rate cuts could be on the  horizon for early 2009. With SWAP rates continuing to fall there is renewed pressure on lenders to reduce fixed rate products and Savills Lending Solutions are anticipating greatly improved terms over the next few...

SLS has been advised that White Label Loans will be withdrawing from the secured loan market for the foreseeable future. White Label advise that current market conditions are proving difficult for their funders to maintain a presence within the market and unfortunately they have little option but to cease lending. On this basis, White Label will be closing for new credit agreements from close of business on Friday 21 November 2008. Existing pipeline must be received and completed by 12 De...

Product withdrawal Minor 65 (M65), Minor 70 (M70) and Minor 75 (M75) Light 65 (L65), Light 70 (L70) and Light 75 (L75) All applications on the above products must be fully packaged (see below for definition of fully packaged application) and with BHL ready for first time offer by close of business on Wednesday 19th November. This also applies to applications we have already received but are awaiting further information as these too will need to be closed out - please ensure th...

All tracker products withdrawn with immediate effect The Mortgage Works' current range of Buy to Let, Self Cert and Large Loan tracker products will be withdrawn with immediate effect. Applications for a tracker product will only be accepted where a full application has been received at The Mortgage Works offices or via TMW Online by 1pm on 6th November 2008.  No applications for our current range of tracker products will be accepted after this time. Cases that have not...