Yorkshire building society
Mortgage Solutions sits down with Yorkshire's head of buy-to-let at the Buy to Let Market Forum in Birmingham yesterday.
The major UK mortgage lenders who have left interest-only criteria unchanged so far confirm they have no plans to change criteria, after Nationwide and Coventry Building Societies both slashed their LTVs to 50% this week.
Legal & General (L&G) has become Yorkshire Building Society’s main provider of financial service advice and products across all its brands.
Other Yorkshire building society articles
Brokers are convinced the building society sector can fill the shoes of the high street banks in 2012, after a Mortgage Solutions poll revealed 64% of advisers have confidence the sector can do it.
Accord Mortgages has temporarily withdrawn its entire residential mortgage range after receiving “higher than expected” levels of applications over the last few weeks.
Mutuals continue to go from strength to strength, with Yorkshire and Leeds both significantly increasing mortgage lending in 2011.
Yorkshire Building Society – the UK’s second largest building society - increased its gross mortgage lending by 46% in 2011 to £4.1bn.
Yorkshire Building Society subsidiary Accord has expanded its frontline sales team as part of its plans to streamline and improve its service to brokers.
Accord, the intermediary arm of Yorkshire Building Society has had to delay the launch of its 75% and 85% LTV range until next Monday following an uplift in applications.
Yorkshire's intermediary arm, Accord Mortgages is withdrawing all of its 75% and 85% LTV mortgages until Thursday, but the 90% LTV products remain on sale.
Norwich & Peterborough has withdrawn its ten-year fixed rate mortgage at 3.99% less than two weeks after launching it due to unprecedented demand.
Chelsea Building Society, part of the Yorkshire Building Society group, has launched a record low five-year fixed rate at 3.19%, available up to 70% LTV.
Norwich & Peterborough Building Society has launched a ten-year fixed rate mortgage at 3.99% up to 75% LTV, with a £295 fee.
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Reasons to be Cheerful
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