Related topic: Mortgages

Residential and buy-to-let rates have reduced by up to 0.15%.

The Society is introducing top slicing on its UK and expat buy-to-let mortgages and changing the way it assesses affordability for expat residential applicants.

The change applies to residential purchase, remortgage and buy-to-let mortgage offers.

The reductions broaden the options available to brokers supporting customers who may be able to afford a mortgage today, despite a recent credit issue.

Income caps will rise to £90,000 outside London and £110,000 in the capital.

The Society says the criteria change is in response to the growing number of expats working on a self-employed basis who want to retain a residential base in the UK.

Agentic Apply pledges to save brokers a minimum of 30 minutes per application, and up to 3-4 hours in complex cases.

Identity verification and deed signing are completed in a single digital journey, in under three minutes on average.

Keychain enables brokers to manage a range of early-stage client tasks, including digital fact finds, medical questionnaires, secure document collection and e-signing.

Rates have reduced by up to 41bps across the lender's core, LTI Boost, Fee Assist, Extra, Right to Buy and shared ownership ranges.