Returning with an updated product range…
Great news, we’re launching a revised product range and will be open for new business again from Thursday, 6th of October 2022.
What will happen to existing applications?
As a result of the volatile market condition, we have undertaken a review of our product pricing. We’re delighted to release an updated product range for new applications. All applications that have not already received a full mortgage offer will need to be moved to our latest product range.
- Any applications that have not been underwritten will need to be cloned and resubmitted at the new rate >> How do I clone my application?
- All applications that have been reviewed by an underwriter, but have not received a mortgage offer, will automatically be moved to these new interest rates by our team
- We will contact you to confirm how this impacts your existing applications and verify if your customers would still like to proceed
How will the updated application process affect your new case?
- A mortgage product rate will be secured once we have a fully packaged application
- A valuation fee will be taken once the application has been submitted to speed up the overall processing time
Moving forward, what will happen if you want to amend an existing application?
- We are unable to accept any mortgage offer extension requests. Please note, our offer validity period is 4 months for standard & 6 months for new build cases
- If there is any significant change to an application, i.e. change of property or change of financials etc., a new application will be required with a product selected from the range available at that time
Please be aware that we cannot give SLAs on new applications until we have processed the current pipeline.