But how does this new Mortgage Charter affect you, and has your Lender signed up?

Mortgage Charter – Background

At a meeting between the Government and Mortgage Lenders this month, a number of policies were agreed upon to assist current residential mortgage holders during this difficult time. The key benefits of the resulting ‘Mortgage Charter’ break down into four areas

• New rates – Mortgage Companies to offer new mortgage rates earlier
• Affordability – Option to extend mortgage term
• Affordability – Option to switch to interest-only
• Repossessions – Mortgage Companies to be more patient

A full list of Lenders that have signed up to the Mortgage Charter is included at the bottom of this page

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Leeds Building Society is among the UK’s top-rated building societies offering good value and a wide range of mortgage and investment products to its members.
The Society was started in 1885 when people committed to principle of mutuality came together (then as Leeds Union Operative Land and Building Society) and devotedly contributed towards share build up. When substantial funds were accumulated, the members cast a ballot where the beneficiary was advanced sufficient funds to acquire a property. This was repeated for all members.

Thirty years later, the society having gained momentum, formally registered itself as Leeds and Holbeck Building Society, managing an encouraging 450 new accounts in the first year and having distributed a whopping £16,000.

Fast-forward to today, the society later renamed Leeds Building Society, is still member-owned offering attractive mortgage and saving products thereby earning its place as one of the top performing, results-oriented societies in the UK Leeds Building Society has embraced modern technology and offers its members various internet services, enabling online saving, application and statements access services as well as a secure 24-hour access service.

Leeds Building Society Mortgage Underwriting

Leeds Building Society is a little more adventurous than most of its competition with underwriting flexibility and pricing. They are particularly active in the affordable housing market.

If you would like to arrange a mortgage from Leeds Building Society – contact us now.

The post Leeds Building Society appeared first on A Mortgage Now.

The Coventry Building Society which is based in the United Kingdom is the third-largest building society in the country, in December 2010 the society had around £22.3 billion in total assets.

Coventry were founded in 1884 and their aim was to provide better access to finance for the local community. After just 30 years and as the society’s reputation grew locally, it became the largest in the country by asset share.

Today, the Coventry Building Society has well over 1.5 million members and 91 branches in the West Midlands and South West region.

Lady Godiva is the iconic figure associated with the city of Coventry which is used in the Coventry Building Society company logo. The society revealed back in March 2010 that it would be merging with the Stroud and Swindon Building Society to create a society. This new society would still be known as the Coventry Building Society brand.

Coventry Building Society Mortgage Underwriting

Coventry frequently has competitively priced mortgage products available, and therefore they are a regular source of funding for our clients. We find them to be among the more particular Lenders in respect of mortgage underwriting.

If you would like us to arrange a Coventry Building Society Mortgage for you – contact us now.

The post Coventry Building Society Mortgages appeared first on A Mortgage Now.

• No credit scoring
• No proof of income (on capital repayment mortgages)
• No paperwork

The post Halifax Mortgages appeared first on A Mortgage Now.

Established in 1847, as one of the pioneers in permanent building societies, The Woolwich gained increasing popularity over the next few decades. The transformation into Woolwich Bank, was the next prominent milestone, with the demutualisation of The Woolwich Equitable Building Society in 1997. Prospective investors were invited to purchase shares on the London Stock Exchange, of the newly christened Woolwich PLC.

What followed 3 years later, was a nearly 5.5 billion dollar acquisition of the concern by Barclays group of companies; a goliath in the field of banking whose origins can be traced to the early 18th century and whose noteworthy contributions include launching the first credit card ever in the UK, as well as the world’s first Automatic Teller Machine(ATM).

Knowing the cult popularity of The Woolwich name amongst existing clients, the trademark and brand name were initially left untouched. In the years to come, the Barclays group would merely rebrand it as “Woolwich – mortgages from Barclays”, again retaining the Woolwich brand.

The Woolwich is currently headquartered in Bexleyheath, south-east London; prior to the acquisition, the headquarters were a few miles away in the Woolwich district itself.

Barclays (Woolwich) underwriting

Throughout the trading year, Barclays (Woolwich) moves rates up and down to control demand. They have the financial clout to chase market share through competitive mortgage pricing when it suits, and this is typically when we use Barclays (Woolwich) for our clients.

There are a number of underwriting advantages for our clients with Barclays (Woolwich) for example they are more flexible than most when underwriting Limited Company Directors.

The post Barclays Woolwich Mortgages appeared first on A Mortgage Now.

The Nationwide Building Society was originally created in Wiltshire in 1846.
Since then, and after more than 100 mergers, Nationwide has become the largest building society not only in the UK, but in the world.

Nationwide is based in Swindon Wiltshire, but also has 700 branches throughout the UK and is the country’s third-largest provider of savings and mortgage lending.

Nationwide Building Society has a history of offering good deals to members and until recently, was the only financial institution in the UK to offer completely fee-free transactions worldwide on VISA debit cards.

Nationwide has long expressed a desire to stay as a mutual building society with real members, and not convert to a Bank with shareholders.

Nationwide Building Society – mortgages

Nationwide has an extensive presence in the residential lending market and is particularly well-placed to assist first-time buyers with attractive and competitive rates on low-deposit mortgages.

Every month, we source funding from Nationwide Building Society for our clients and find their service levels to be regularly in the top tier.

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