News in brief - 16 November 2023

Accord Mortgages has boosted its borrowing options to support more people who have settled in the UK, increasing its maximum LTV for joint applicants where one applicant doesn’t have indefinite leave to remain in the UK, from 75% to 95% LTV. This is in line with Accord’s available LTV to other UK nationals or those who hold ILR for purchase and remortgage. For single or join applicants where neither applicant is a British national or has ILR, the LTV limit of 75% will remain. In order to qualify for these options, applicants must meet all of Accord’s other standard affordability criteria, general policy rules and scorecard requirements.

One Mortgage System (OMS) has announced that it has joined Mortgage Marketing Forum. By joining, the single-input enquiry to completion platform for brokers and lenders will be able to develop partnerships with its clients and stay ahead with current marketing practices. Mortgage Marketing Forum is a membership community of marketers from across the mortgage industry, which spans mortgage lenders through to mortgage network technology providers and conveyancing firms. It has also recently created Mortgage Marketing Forum for Intermediaries.

Zephyr Homeloans has announced a new two-year fixed-rate mortgage and has reduced its fixed-rate mortgage product range by 100 bps. The buy-to-let lender is now offering 5.35% on a two-year fixed-rate BTL mortgage at 65% LTV for standard properties with an A to C-rated EPC and 5.45% for properties with an EPC rating of D or E. Zephyr is also offering 5.55% on a two-year fix for HMOs and MUBs at 65% LTV for properties with an A-C EPC rating and 5.65% for properties with a rating of D or E. For its five-year fix, the lender is offering 5.95% at 65% LTV for A-C ratings and 6.05% for ratings D to E.

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