Fleet mortgages announced many standard changes designed to provide more flexibility, helping advisers place more landlord borrowers.
The fleet accepts the TR1 form (a full transfer of registered titles) to provide LOAN. This change is specifically intended to streamline and simplify the remoot application on day 1. 
The fleet also considers both the satisfaction and dissatisfaction CCJ held by the borrower. Considering that a CCJS with a maximum of 500 pounds in the last three years is satisfied, we consider the CCJS with a maximum of 250 pounds in the same period.
The lender said that the latter considerations were to prevent the exclusion of borrowers who are worthy of credit values that may be disputed, for example, via parking tickets with the parking company.
Finally, following the feedback from various brokers on this issue, the fleet reduced the minimum floor area requirement to 30 square meters, but previously 35 square meters.
The lender said it is also considering many further changes to standards announced in the coming weeks.
Steve Cox, Chief Commercial Officer of Fleet Mortgages, commented: “As always, we are paying attention to existing standards and getting into the scope of feedback we are always grateful for through our advisors.
In this regard, we were able to announce many changes to standards. Plus, others can quickly reveal the pipeline. These latest changes will provide greater flexibility to CCJS, a common sense approach to CCJS, and we hope to be able to support clients considering removing on the first day. ”
