Related topic: Criteria

Landlords can now have a maximum total borrowing with the Nationwide Group of £10m.

Steve Cox, chief commercial officer at Fleet Mortgages, says that while price determines how much the finance costs, criteria can determine whether a landlord is able to secure that...

The lender has widened the levels of adverse credit history and introduced AVMs to its bridging finance proposition.

The changes will support higher-earning residential borrowers.

The July data reveals significant movement among the criteria most frequently searched by mortgage brokers.

Lenders can use the intelligence to identify changes in broker demand, uncover potential gaps in their proposition and make more informed criteria and product decisions.

Eight broker-led enhancements include wider income recognition, increased age limits and greater support for contractors and complex cases.

The latest round of enhancements includes broader eligibility, higher exposure limits, and simplified case packaging.

The latest enhancements build on the package of criteria improvements Fleet introduced in March this year.

The changes aim to support quicker, more consistent lending decisions.