Mortgages  

Coreco hails top 10 mortgage lenders of 2013

Andrew Montlake, director for the London-based mortgage adviser, said many lenders had been pulling out the stops over 2013 to help more people get the homes they desired.

Mr Montlake said: “For us, this has been based around the rates offered being competitive, levels of service and the support we get from the underwriters and business development managers.

“The lenders who tend to do best are those who tick all three boxes and we’d like to thank them for all the support they have given us this year.”

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He said that Santander for Intermediaries (Abbey For Intermedaries as was) has been consistent across 2013 and that he expected the company to remain a big and supportive lender in 2014.

He added: “In 2014 we think there will be more competitive products out on the market and especially in London, where the demand is highest, the lenders are going to have to make sure that their service levels are kept top-notch as it is not just about the rate offered.”

Mr Montlake added that, with the mortgage market review coming in April 2014, it will be interesting to see the effect that has on products and service levels, but he expected to see more support for intermediaries throughout 2014.

Brad Fordham, managing director of Santander for Intermediaries, said: “We are delighted to be named Best Lender of 2013 by Coreco and to be recognised for our support for the market, service and competitive rates throughout the year.

“We will be working hard to continue to support intermediaries and their clients with great products and service in 2014, and we look forward to deepening our relationship with Coreco and all our intermediary partners.”

Latest rates from SFI

Last week, SFI announced it would be increasing its maximum loan allowance on its standard 80 per cent, 85 per cent and 90 per cent LTV ranges as follows:

· 80 per cent LTV to £1m maximum loan allowance

· 85 per cent LTV to £750,000 maximum loan allowance

· 90 per cent LTV to £500,000 maximum loan allowance

SFI is also set to launch a 60 per cent Lifetime Tracker at 2.49 per cent no booking fee.

Coreco’s top 10 lenders in 2013

Abbey (Santander)

Woolwich

Halifax

Virgin Money

Nationwide

NatWest

Birmingham Midshires

Clydesdale

Accord Mortgages

Kent Reliance