Jon Dale’s Post

Lenders Update: New Products, Rate Cuts, and Affordability Changes! New Product Launches: • CHL Mortgages introduces the CHL 2 range, tailored for customers with complex credit profiles, including short-term loans and large HMOs/MUFBs. • Market Harborough Building Society unveils a range for multi-level larger loans, now available for private customers up to £5m. Rate Reductions: • Accord Mortgages slashes mortgage rates to 0.20%, effective from Friday, July 19. Act fast - applications close by 10pm on July 18. • Leeds Building Society offers reduced rates on new loans and existing customer refinancing, with changes effective immediately. Affordability Enhancements: • Hodge extends acceptance criteria for over-50s, now including 100% of non-contractual income and relaxing trading account requirements. LTV Adjustments: • Market Harborough Building Society expands loan-to-value options, now offering up to 80% LTV on loans up to £2 million. For more details on these updates, please free to contact us. Stay informed to make the most of these opportunities! #MortgageNews #FinanceUpdate #LenderChanges If you are looking for help funding your new project or looking to remortgage and existing agreement our team is on hand to help. Please click the link below and let’s see how we can help you. https://lnkd.in/eWVfMUzc

Month-on-month growth in Secured Loans for 2024 📈 Here at Loan.co.uk we are seeing HUGE demand (outpacing those FLA growth figures). With an increase in... ✅ More enquiries ✅ More apps ✅ Large loan sizes ✅ More 'vanilla' clients (no adverse, good credit scores etc) ✅ Faster funding times by lenders ✅ More customers understand there are other options to just remortgaging 👏👏👏 With H2 likely to see a continued growth trend, there's a movement a foot! The Second Charge (Secured Loan) market is really showing its worth right now. Lower fees (by some of us), better tech (by 1 or 2 of us) and a drive to better the industry, better the customer experience and value (hopefully by all of us) are bringing a whole new era to the #SecondCharge / #SecuredLoan market. So, in the words of the mighty Ghost Busters.... Who you gonna call.... Loan.co.uk ☎ Come and see why 1000's of mortgage intermediaries use Loan.co.uk for their specialist mortgage and loan referrals. 𝐑𝐞𝐟𝐞𝐫 𝐘𝐨𝐮𝐫 𝐂𝐚𝐬𝐞 - https://lnkd.in/eM83m6Th 𝐄𝐦𝐚𝐢𝐥 - [email protected] 𝐂𝐚𝐥𝐥 - 0800 011 9562 Ronan McCaughley Stacey Thompson Tom Garrod Samantha Gore - CeMAP Christopher Steele Mike Peet Robert Walshe Samantha Cowburn Lisa Vipond CeMAP Stacey Hibbert Mortgage Strategy Michael Lupin #loans #mortgages #mortgagerbrokers #debt # https://lnkd.in/eGvz9JkF

Fleet Mortgages has introduced new two-year fixed-rate and fixed-fee products for standard and limited company borrowers, and cut rates for several of its existing BTL options. Available at up to 75% LTV, the new products are priced at 4.89% and come with a £5,899 fixed fee, up to a maximum loan amount of £350,000, with the end date set at 31st October 2026. Steve Cox, chief commercial officer at Fleet Mortgages, commented: “It’s often felt like 5% is the ‘magic mark’ when it comes to landlord borrowers meeting affordability and securing the levels of loans they require, so it’s incredibly pleasing to be offering these new two-year, fixed-rate products, cutting existing rates, and also offering our 3% fee five-year fixed-rate product to standard and limited company borrowers below the 5% mark. You can find the rest of this story at: https://lnkd.in/eq85Fmx7

Why it matters.... Yesterday I spoke with a client about a DSCR loan. This is the type of loan on an investment property where the lender doesn't require income/employment for the buyer, rather they use the projected rental income to offset the all-in mortgage payments. Ideally this ratio is 1:1 , i.e $2000 mortgage payment includes taxes and insurance and projected rental income is $2000. This client had spoken with other mortgage brokers and their rates were just slightly too high to give them the 1:1 ratio. My rates were lower and the client just couldn't understand this, especially given that I was quoting the same lender the other broker quoted. So I asked him if the other broker sent an estimate and could he send it to me for review. Turns out the other broker was charging 2.5% in commission from the lender. I only charge 1.5%, so my rate was 0.25% lower in comparison. This allowed me to keep their ratio at 1:1 and the deal is moving forward!!! Ladies and gentlemen, I don't have a "secret sauce" but I do own my company and run VERY lean on expenses. As a result, I don't need to earn a 2.5% commission to be profitable!!!! This holds true to primary residence loans- conventional, FHA, VA and USDA. Friends don't let friends overpay for their mortgage and neither should you! Who do YOU know that I can help? #theokavagegroup #MortgageGuru

Loan Officers - Stop calling loans Non QM. Self Employed ✅ Are you looking at investment properties? ✅ Do you want to see if creative financing works for your ADU? I just had a great 45 minute conversation learning from Bryan Filkey - when someone like him spends the time he spent with me it means a lot. I posted in this video the lines from Kevin Dwyer recent post: I came across some interesting mortgage data: - 91% of outstanding mortgages are below 6% - 82% of outstanding mortgages are below 5% - 62% of outstanding mortgages are below 4% - 23% of outstanding mortgages are below 3% - 40% of homes in the US don't have a mortgage Then I wrapped it all together with Michael Zau prediction from our Mikedupshow today! Give it a watch!

The latest tranche of home loans data from the banking regulator, APRA, has revealed interesting shifts in the mortgage market over the past year showing investor activity in the mortgage market is on the rise. During the December 2022 quarter, 30.2% of new loans were for investment purposes, increasing to 32.4% in December 2023. This shift highlights a growing interest in real estate as an investment opportunity, while owner-occupier activity declined from 67.7% to 65.6%. Borrowers are showing caution by reducing borrowing with a debt-to-income ratio of 6 or greater, dropping from 11.0% to 5.6% in December 2023. However, borrowing with a loan-to-value ratio (LVR) of 80% or higher increased from 30.6% to 31.4%. At Mortgage Works, we understand the changing dynamics of the market and offer tailored advice for investors and owner-occupiers. Let's discuss how you can take advantage of this rising investor trend and current market conditions. Contact us today to unlock the potential of real estate as a path to financial growth! . . . #PropertyInvestor #MortgageBrokersSydney #HomeLoans #Loans #Lending #SydneyRealEstate #CashRate #CommercialLoan #CarLoan #Mortgage

June 11, 2024 – Market Insights: The May NFIB Small Business Optimism Index exceeded expectations, reaching 90.5 versus the forecasted 89.7. Currently, mortgage rates are neutral, moving sideways after the MBS market's slight decline by -5 bps yesterday, which didn't significantly impact rates. Today, we're closely watching the 10-year Treasury note auction and the FOMC's ongoing meetings, which will conclude tomorrow with an Interest Rate Decision and Policy Statement. For personalized mortgage advice, contact us at 415-250-7241 or visit westcalfinancial.com. #RealEstate #Mortgage #NovatoCA #MarketUpdate #HousingMarket #EconomicTrends

Non-QM loans have gained traction, reaching a 5% market share in 2024. Marianne Kozak of LoanStream Mortgage, Wholesale Lending Division advises brokers to submit detailed packages, stay organized, and meet faster closing times to succeed. https://hubs.la/Q02ZBkj90 #NonQMLoans #MortgageBrokers #RealEstate

#ad Get this free credit search which gives you the detailed information lenders use. https://lnkd.in/dzfSD_-9 Even better - you see the results from three leading search agencies. Try it FREE for 30 days, then £14.99 a month - cancel online anytime #promisemoney #mortgage #remortgage #securedloan #secondcharge #commercialmortgage #bridging #developmentfinance #assetfinance #buytolet #propertyinvestment #homeimprovements #debtconsolidation www.promisemoney.co.uk Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance These loans are secured on property and subject to the borrowers status More than 50% of borrowers receive offers better than our representative examples The %APR rate you will be offered is dependent on your personal circumstances. Correct when this post / video was published Mortgages and Remortgages Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender's current variable rate at the time. The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66 Secured / Second Charge Loans Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender's current variable rate at the time. The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

#ad Get this free credit search which gives you the detailed information lenders use. https://lnkd.in/dkvbvGni Even better - you see the results from three leading search agencies. Try it FREE for 30 days, then £14.99 a month - cancel online anytime #promisemoney #mortgage #remortgage #securedloan #secondcharge #commercialmortgage #bridging #developmentfinance #assetfinance #buytolet #propertyinvestment #homeimprovements #debtconsolidation www.promisemoney.co.uk Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance These loans are secured on property and subject to the borrowers status More than 50% of borrowers receive offers better than our representative examples The %APR rate you will be offered is dependent on your personal circumstances. Correct when this post / video was published Mortgages and Remortgages Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender's current variable rate at the time. The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66 Secured / Second Charge Loans Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender's current variable rate at the time. The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20