Here is the latest release from Norton Home Loans. For their product details click here.
We’re changing our rates
Following the recent Bank of England Base Rate changes Norton Home Loans have undertaken a review of our 1st CHARGE Lending Rates and with effect from 5th July 2022 there will be a 0.75% increase on all our Mortgage Lending Plans.
You can view our MORTGAGE LENDING July 2022 Matrix and Criteria changes below
Mortgage lending plans July 2022
Mortgage lending criteria July 2022
What do I need to do?
1. If you have produced a Mortgage Offer then you do not need to do anything further. We will notify any customers who are affected by the variable rate change. Any fixed rates will remain the same until the offer expires, after which the deal will need to be resold on the new products.
2. If you have produced a Mortgage Illustration (ESIS) before 5th July 2022 but have not yet received an offer we will honour the rate on the ESIS, providing a Binding Offer is issued by close of business 11th July 2022
3. If an offer has not been issued by 11th July 2022 then this will need to be regenerated to reflect the increase in interest rate. Please ensure your customer is aware of this and receives a copy of the revised Illustration ASAP.
All our 2nd charge Rates remain UNCHANGED