Hello, my name is Fiona Watts. I have recently joined the Cormorant Mortgage team as a mortgage and protection adviser.
I have worked in this sector for 27 years gaining a wealth of experience.
I work with lenders from the whole of the market, so I can find a solution to suit your specific needs.
I also advise on protection in respect of mortgages and family, which enables me to help my clients secure a positive future for themselves and their family.
Read on to find out more or click a link below to jump to a chapter of your choice.
Chapters
- Positive Housing Market Indicators
- Accord Relaunches 90% LTV Range
- Saffron Launches Broker Exclusive Mortgages
Positive Housing Market Indicators
The following articles are a couple of positive indicators for the housing market:
This will help the purchase market and keep chains moving, hence allowing subsequent buyers to keep moving on.
Accord Relaunches 90% LTV Range
Accord Mortgages is relaunching its 90% LTV range exclusively for first-time buyers.
Available from Wednesday, a five-year fixed rate will be available from 2.99% with a £495 product fee or 3.09% fee-free, both with a free valuation.
There are no changes to lending criteria or loan sizes.
Accord briefly paused borrowing at 90% LTV last week to manage service levels after huge application volumes saw Accord experience its two busiest days in its 17-year history.
Jeremy Duncombe, director of intermediary distribution at Accord Mortgages, commented:
"Our commitment to the housing market has not changed and our new range of products aims to help first-time buyers with smaller deposits, a group which has so far been offered limited choice. This will help the purchase market and keep chains moving, hence allowing subsequent buyers to keep moving on."
"We reluctantly took the decision to temporarily withdraw from this LTV tier just nine days ago and our underwriters have worked incredibly hard to get our service levels back to the Accord standard to which brokers have become accustomed to. It’s also testament to our MSO platform, introduced in autumn last year, which has enabled us process applications as efficiently as possible."
"We hope by offering longer term fixed rate products borrowers are given confidence in managing their payments in a very uncertain market. We know the demand is there and we have streamlined our products to ensure we can support brokers and their clients on the purchase journey."
Saffron Launches Broker Exclusive Mortgages
Saffron Building Society has launched four broker-exclusive mortgage products at 95% LTV.
The products are available fixed for two, three or five years with free valuations and no arrangement fee.
One of the products available is Saffron's joint borrower sole proprietor mortgage and all four products allow buyers’ close family members to provide further financial support, accepting gifted deposits.
The range will be available from today for a limited duration only.
John Penberthy-Smith, chief commercial officer at Saffron Building Society, commented:
"The first-time buyer market offers huge commercial potential for brokers. Here at Saffron, we’re here to help them tap into it, with products that will allow them to offer targeted support for these clients."
"These four products, designed to cater to first-time buyers’ unique needs, will help them to do just that."
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Reasons Why Now Is The Time to Remortgage Your Property
Disclaimer: Cormorant Mortgages does not provide advice in relation to savings and investments. This article is intended for discussion only and does not propose financial advice in any way, and therefore should not be construed as such. Your property may be repossessed if you do not keep up with mortgage repayments. You may be able to obtain cheaper deals by going direct to a lender.