Charter Court Financial Services (CCFS) has been ranked third in The Sunday Times 100 Best Companies to Work For 2017.
CCFS employs more than 450 people at its headquarters in Wolverhampton. It offers an award-winning range of mortgages, and savings products which regularly feature at the top of the best buy tables.
The Sunday Times 100 Best Companies to Work For is an annual survey ranking the cream of Britain's happy and motivated workforces. Its appearance each year is now a highly anticipated event in the business calendar.
The survey is widely acknowledged as the most extensive research into employee engagement carried out in the country due to the methods of data-gathering and analysis it uses. Scores and ratings are based on employee opinions, and each year the questionnaires are revised and updated to reflect current workplace concerns.
Ian Lonergan, CEO of CCFS, commented: “We’re delighted to be named in the top ten of the Sunday Times 100 Best Companies to Work For survey for the second year running. We would not have been able to achieve this prestigious award without our fantastic employees. This accolade, which is voted for by our employees, is a great acknowledgement of the culture and working environment we’ve all worked so hard to achieve.”
Precise Mortgages, the specialist lender, has put its Buy to Let calculator online so that brokers can see how much their clients can borrow.
The introduction of new PRA rules on Buy to Let affordability has left some brokers confused as lenders publish their new criteria. Many lenders have used a ‘bucket’ approach which has seen Interest Coverage Ratios (ICRs) increased to 145%. It means that many landlords can no longer borrow as much money as they did before the rule change, and in some cases will lead to a decline.
Precise Mortgages has done something different in launching bespoke ICRs which take every customer’s individual circumstances into consideration. The lender claims that in many cases its ICR calculation will help landlords get the buy to let mortgage they want. One example cited is where joint applicants have different tax positions, such as one being a higher rate tax payer and the other being a basic rate taxpayer. Worked examples have been published on the lender’s website which show how a bespoke ICR will return larger loan sizes than the ‘bucket’ approach.
Alan Cleary, Managing Director for Precise Mortgages, said: “Our Buy to Let calculator allows mortgage intermediaries to know how much their clients could borrow from us before they start the application process.
“They will also be able to compare and contrast different ways of setting cases up in order to achieve the best outcome.
“The calculator is similar to the one used by our underwriters to assess cases so it will save intermediaries and us time and effort. We believe that in the majority of cases a bespoke ICR will be superior.”
To find out more about the calculator and how it could help your customer get the loan size they want, click here.
Precise Mortgages, the specialist lender, has launched its lowest-ever bridging rate of 0.54% per month.
The mortgage product is exclusively available through its Premier Panel members and is aimed at standard and light refurbishment deals up to 50% LTV. The lender has also reduced rates on deals up to 60% from 0.74% per month to 0.64% per month.
Alan Cleary, Managing Director of Precise Mortgages, said: “We had our best ever year on bridging in 2016 and we intend to keep the momentum going.
“These are great rates and we expect them to be popular.”
For more details, call 0800 116 4385 or click here.
Precise Mortgages, the specialist lender, has today launched a new range of products for tenants using the Right to Buy scheme to purchase their existing home. The Right to Buy scheme helps eligible council and housing association tenants in England buy the home they have been living in, by offering a discount, of up to £103,900 in London or £77,900 outside London, on the price of the property.
Highlights of the range include:
• Loans up to 100% of the discounted purchase price
• Maximum loan up to 75% of the open market valuation
• 5 year fixed rate products available to help with affordability
• Some products in the range will offer a zero product fee option
• Options available for customers with a less than perfect credit profile
Alan Cleary, Managing Director, Precise Mortgages commented: “The Right to Buy range builds on our previous support of the Help to Buy Equity Loan scheme. This demonstrates our ongoing commitment to support government initiatives and borrowers who have been excluded by high street lenders.”