Fleet Mortgage announced a series of standard changes designed to provide greater flexibility and help consultants place more landlord borrowers.
Now, the fleet will accept the TR1 form – transfer all registered ownership – for loan provision, while the land registry does not need to be updated before completion. This change is especially designed to simplify and simplify the first day of loan reversal application.
The fleet will now also consider the satisfactory and unsatisfactory CCJs that the borrower has. It will consider CCJ meeting £500 over the past three years and will also consider CCJ not satisfied with £250 during the same period.
The latter’s consideration is because trustworthy borrowers are not ruled out, for example, who may have ticket disputes between parking lots and parking lots, the lender said.
Finally, after a series of brokerage feedback on this issue, the fleet reduced its minimum base area requirement to 30 m2, compared with 35 m2.
The lender said it is also considering many further standard changes, which will be announced in the coming weeks.
Steve Cox, Chief Business Officer of the Fleet Mortgage Ceremony, commented: “As always, we keep an eye on our existing standards and grasp the scope of feedback we always receive thankfully through our consultants.
In this regard, we have been able to announce many standard changes, and in addition, we can make other provisions in the pipeline. These latest changes provide greater flexibility, are common sense approaches for CCJ, and we hope to support customers who want to cash out on day one. ”
