'Very small green shoots'
We're seeing a number of positives in the mortgage market including:
  • Bluestone return to lending
  • Foundation will return on Monday
  • Kensington increase to 75% LTV
  • TML, Fleet and Shawbrook have restarted physical valuations
I'm sure we'll see others following next week. All of these are great bits of news and more so for existing pipeline cases that may have been put on hold over the last few weeks.
Business is being done and responsible solutions remain available for a variety of client needs. The doors of more and more lenders are slowly opening to certain types of business and whilst some are still saying no, a good specialist distribution/packaging partner can help turn these no’s into a resounding yes.
Thank you for your continued support. The team are available, so give them a call on 01403 272625 or send over a dip via our portal. Stay safe.

By using alternative valuation methods, Bluestone can now progress qualifying applications through to offer.

All offered loans are continuing to complete as normal.

We are delighted that from Monday 18 May, FHL will once again be accepting new business.

This follows the news that their valuer partners will be instructing valuations again soon.

They have been planning for this and already have a new suite of products. So, keep an eye out.

We are pleased to confirm that physical valuations are once again possible and Fleet's panel manager is now taking instructions.

Inspections will commence next week. As you all know, this part of the jigsaw is critical for both Fleet Mortgages and indeed the wider specialist lending sector to re-commence processing of applications through to offer. More to follow next week.

Masthaven can now use desktop valuations on bridging cases up to 60% LTV, an increase from 50%. Plus, we've increased the maximum loan amount from £500,000 to £1,000,000 on single or multiple properties.

Properties need to be habitable and our confidence level needs to be 5+.

We are delighted to inform you that, following the Government’s advice earlier this week, Shawbrook can now resume physical valuations.

This includes physical inspections on HMO properties which can now be completed with full cooperation from the landlord.

Kensington launched their ‘Kensington Property Valuation’ solution and brought out their new 75% LTV product range.

Download our Specialist Lending Update from the impact packaging lender panel.

This quick reference guide will give you the most recent updates from our lender partners on products, valuations, lending issues and mortgage payment holidays.

This is updated real-time on the  impact packaging website.

** Version 11 now live on the website! **

Report Post 16 May 2020, 12.25 pm
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