Inform 16th June 2023

Paymentshield’s optimised Home Insurance quote journey is already making a huge difference to those advisers who have used it so far. Allowing for speedier quotations and improved conversion.

Old journey switch off

Due to this success, we’ll be removing the option to complete a quote using the old Home Insurance quote journey from 30 June 2023.

This will mean when you log into our unique Adviser Hub, you’ll only see the option to start a Home Insurance quote using our new journey. Don’t worry, if you have any pipeline quotes, these will be unaffected.

LOGIN TO ADVISER HUB

The benefits of Paymentshield’s optimised quote journey

A reminder of some of the highlights of the new optimised quote journey include:

• Fewer pieces of information needed to get a price for your clients
• Property data from global data provider used to pre-fill questions
• Removal of questions with minimal impact on price and quotability
• Removal of questions that are hard for clients to answer

But, don’t just take their word for it here’s what some of their advisers have been saying.

Looking for some additional support

If you still haven’t tried the new journey or would like to know a bit more about this newest development you can get in touch with our Sales Team on 0345 0615 700 or completing our contact us form

You can now benefit from this exclusive 1-year residential product offered by Vida. With a maximum loan-to-value of 85%, these rates are tailored to borrowers with loan sizes ranging from £50k to £1m. To learn more contact Impact today.

Rate Highlights:

• Available on Vida credit tiers 12 & 6
• Maximum loan-to-value (LTV) 85%
• Minimum loan size £50k, Maximum loan size £1m
• Early Repayment Charge (ERC) £0
• Impact pays a 0.50% proc fee for Vida Homeloans residential cases

Download Vida’s exclusive product guide

Take a closer look at Vida’s Residential Exclusive 1 year product guide to find a solution for your residential cases.

Have a case that you’d like to discuss? Call Impact Packaging on 01403 272625

• 6 MONTH MORTGAGE OFFER EXPIRY – We have increased the expiry date for all purchase Offers
• 95% LTV up to £400k – We have increased the maximum loan for high Loan to Value lending
• 50% LTV INTEREST ONLY – DOWNSIZING – No Minimum Income – Minimum £175k equity required

For more details, please see our website https://www.chorleybs.co.uk/intermediary/ or email the team at intermediaries@chorleybs.co.uk

Entries for Helen close 14^th of June, so enter now & stay tuned for next month’s hiding place!

From Friday 9 June, Nationwide have increasing the maximum LTV on non-new build flats where the lease term is 90 years or longer.

• Up to 95% LTV available for purchases
• Up to 90% LTV available for remortgages

Visit our website for more details.

As a valued network partner we don’t want you to miss out to miss out on our latest mortgage criteria updates.

We’re delighted to tell you that, following broker feedback, we have now removed the minimum income requirements for both holiday let and buy to let mortgages and now accept non-owner occupiers for both these types of mortgages.

Improving our HL and BTL criteria will provide more options and flexibility when searching for suitable mortgage products for your clients.

View our Holiday Let and Buy To Let mortgages.

These criteria changes are live now…but the changes to our online application system, MSO, are still in development.

We’re here to help
If your application on MSO is declined please contact your local BDM.  They’ll sort it for you. You can find their contact details here.

They are usually available from 9am until 5pm every weekday.

We update our current service levels at 9am these include:

• Approval in Principle Referrals
• Telephone wait time
• Initial Review
• Reviewed cases passed to underwriting
• Application Submission to Offer
• Valuation Reports timescales

How can I check what is required or still outstanding on my customers application?

• We will email you when there is an update, requesting that you log into your application. Please note these emails can sometimes be sent to your Junk inbox.
• When you log into your case go to the ACTIONS TAB check all actions have been completed (these will show as received or accepted).
• All actions must be completed or the case will NOT automatically move to the next stage.
• If all actions are completed and the case is still showing as ‘Awaiting Documents’ then it is usually because we are waiting for the valuation report.
• You can also check that the Valuation has been instructed under the ACTIONS TAB.
• When we have received all documents the application will show as “Awaiting Assessment” this means that it is in the queue for an initial review.
• Once the application has passed the initial review the case with then show as “Ready for Review” this means the case is now in the queue for an underwriter and you will receive a case massage to confirm that the case is now waiting for underwriter assessment.
• If you do need to inform us of anything or ask a question then you can do this by sending a message on the case.
• If you would like another colleague to have access to your applications please check they are registered with us and then email me with their names requesting you would like them linked.

Our service centre is receiving a higher volume of calls at the moment, please follow the above steps before calling. Our current application to offer times are currently 18 working days and we thank you for your understanding and patience at this busy time.

Join us in collaboration with the Income Protection Task force’s 2023 focus on for the Self-Employed.

One week, 5 Webinars – 30 mins each day

We will be hosting a series of webinars to help position the correct Income protection solution for clients who are either employed or self-employed. We will be questioning what we really know about Income Protection, unwrapping the advice process to help advisers and clients see and understand what is required and what happens if a claim needs to be made, sharing ideas and information to help avoid some common pitfalls and to help ensure a successful outcome

Join our webinars to find help grow your knowledge -All webinars are CII accredited for structured CPD.

Monday 26^th June 1:30pm – 2pm – IP23 Income Protection –Unwrapped –Register Now

Tuesday 27 June 1:30pm – 2:00pm – IP23 Income Protection – Calculations and considerations –Register Now

Wednesday 28^th June 1:30pm – 2:00pm – IP23 Income Protection wealth -Keep the cash flowing – Register Now

Thursday 29^th June 1:30pm – 2:00pm – IP23 Income Protection for the SME –Executive Income Protection – Register Now

Friday 30^th June 1:30pm – 2:00pm -IP23 Income Protection – just do it! – Register Now

With vulnerability sitting higher on the agenda for advisers in the later life lending market than ever before, more2life has launched its 2023 Vulnerability Report. This bi-annual report takes a closer look at how the later life advice community is supporting its customers as they navigate those financial decisions whilst ensuring a duty of care for vulnerable customers.

Amongst the key findings of the report, more2life looked at several key areas of research, including:

• The impact of the cost-of-living crisis.
• The role of the family in the equity release process.
• Ways in which advisers can widen their knowledge to better spot and support a vulnerable client.

As a provider of later life lending products, more2life continues to support advisers, helping them ensure that their clients can make sustainable long and short-term decisions, and educating them on how to spot the signs of vulnerability.

Access the Vulnerability Report and learn more about this much-needed research.