SLS News

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All tracker products withdrawn with immediate effect The Mortgage Works' current range of Buy to Let, Self Cert and Large Loan tracker products will be withdrawn with immediate effect.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...

The MPC voted today to reduce Bank Base Rate by a record 1.5% to 3.0% - the largest rate cut since 1981 and the lowest BBR since 1955.

Savills Lending Solutions is delighted to announce the following Packager Exclusives from BM Solutions: Buy to Let 6.29% Fixed until 01/02/2011 (then BBR + 3%) for life of loan Available up to 75% LTV Loans from £25,001 - £1m 125% rental cover at pay-rate Product Fee 3% ERCs 3% until 01/02/2011 Code CZR (the equivalent product is only available up to 65% LTV on core range) House to House 6.75% Fixed until 01/02/2011 (then BBR +...

Money Bulletin # 75 Important Criteria Changes to the Origin Mortgage Products The following changes are being made to our Origin Mortgage range: All Origin Mortgage Plans The maximum loan size is reduced to £350,000. Right-To-Buy Purchases and Remortgages subject to remaining Council discounts Our maximum advance for RTB purchases will be limited to the Council’s purchase price, which is subject to the plan or property loan-to-value maximums. MPL will no longe...