We can confirm we are operating to our normal SLAs. We have seen an increase in updates titled “with immediate effect”, which is outside of agreed 24 hours’ notice, these are being completed earlier where possible or fitted into the following day’s schedule.
With the bridging portal, we set out to build an enquiry and application process which made bridging finance faster, easier and more accessible.
The Buy-to-Let remortgage market will be busy in 2022, as 5-year mortgages taken ahead of 2017’s new underwriting standards start maturing. Our Buy-to-Let director analyses the market and what’s changeed for landlords and what lenders need to do to support and manage this increase in remortgage business.
Were they turned down by high street lenders simply because of their age? At Family Building Society, they actively look for ways to help when other lenders can’t.
Read this blog from Emily Smith, Head of Marketing & Distribution at Harpenden Building Society as she looks back at the challenges that 2021 brought to brokers and homebuyers as well as looking at what 2022 holds for the market and the building society.
The Mortgage Lender (TML) have undertaken research into the impact of the pandemic on the nation’s finances and considered the effect that the last two years have had on individual’s ability to access finance in order to buy property or re-mortgage. They found that three quarters of those planning to buy a property in the next year saw their income reduce or job become more volatile.
There’s no denying the incredible growth of the limited company BTL market in recent years. A study by Hamptons has shown that in 2020, around 41,700 limited companies were set up by landlords for their investing, a new record.
At Family Building Society they offer a range of expat mortgages in over 40 countries, including most European countries and a number of Gulf States.
Specialist lending covers a multitude of product areas and lending solutions, so in this article I give some examples of where I believe there will be growth areas and opportunities in 2022.
Were they turned down by high street lenders simply because of their age? At Family Building Society they actively look for ways to help when other lenders can’t.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Making a Complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk