LATEST PARTNER BLOGS:
More2life
Unlock New Possibilities For Your Later Life Clients
Standard Life Home Finance
Walking In The Shoes Of Today’s RIO Customer
Lendinvest
Does More Homes On The Rental Market, Mean Opportunities For Landlords?
Accord Mortgages
How Brokers Can Engage With Clients And Create More Opportunities
The Exeter
Do you know your client’s top concerns?
As advisers, you understand the products you work with and know the value they bring to your clients. But our research shows that there is still a lack of consumer awareness of the need for and role of protection insurance.
The top concerns identified in our latest health and financial fears research were:
- a continued rise in cost of living,
- being able to pay utility or food bills,
- paying mortgage or rent,
- and losing income due to personal illness.
Most of these worries could be eased with the right income protection policy. Our latest insight takes you through what UK workers think about the cost, value, and importance of income protection and how we can help you have the right conversations with clients to raise their understanding, awareness, and trust in protection.
Lendinvest
What stopping HS2 to Manchester should mean for property investors looking to the north
A couple of weeks after the government cancelled the Manchester leg of HS2, how relevant does this remain, and what should property investors looking to the North West do in light of this sudden change in government policy?
Santander
New Products
On Tuesday 24 October, Santander reduced selected residential fixed and tracker rates in the new business and product transfer ranges. In the Buy to Let range, Santander reduced all new business and selected product transfer fixed rates whilst also launching a new range of 3 year fixed Buy to Let products with or without a product fee.
You can find full details of our new business range on our Latest mortgage rates page.
Product Transfers;
For clients who want to change or cancel their new deal.
- If they haven’t accepted their product transfer offer yet, you can select a new product in the online mortgage transfer service for them and a new offer will be issued. Please make sure your client accepts the correct offer for the deal they wish to book.
- If they’ve already accepted their new deal, you can change to a different deal or cancel the one that’s already booked for them. You must do this at least 14 days before their new deal starts. Please see the ‘Product transfer cancellation process’ section on the Product transfers page.
Whilst a product transfer is pending, your client cannot make any other changes to their mortgage until that new deal has started. This includes a switch to interest only for 6 months or a term increase under the Mortgage Charter, and other changes such as overpayments.
You must submit your new business and product transfer applications on our current ranges by 10pm on Monday 23 October.
Precise Mortgages
Product Launches
Today we’re not only reducing residential rates, we’re also launching 70% LTV products to provide your customers with even more choice.
Our core residential range now includes:
- NEW 70% LTV Products
- Supporting customers with adverse credit
Download our latest residential product guide >>
Speak with your business development manager who’ll always be happy to discuss case specifics prior to application. Alternatively get in touch using Live Chat or call our dedicated telephone support team available on 0800 116 4385.
Looking for our new buy to let products?
Including reduced minimum loan on all products to £40,000.
Kent Reliance
Product Launches
Today we’re launching new buy to let and residential products.
Improved buy to let products
Residential range expanded
We’re reintroducing our income flexibility range to support customers who need flexibility with income multiples on loans up to 90% LTV.
Like the look of what you see? Ready to place a case? Speak to your business development manager, or contact our broker liaison team on 01634 888276 or using Live Chat and we’ll be happy to help.
Zurich
It’s time to craft children’s cover with Zurich
Nobody wants to think about what would happen if their child was to fall seriously ill. It’s a difficult conversation to have however, given the financial impact that a child’s critical illness could have, it’s a conversation that needs to happen.
To help make the conversation easier, we’ve developed a guide just for you that can help you decide the best type of cover for your clients and understand how our children’s cover can be sold alongside adults Critical Illness Cover or Life Cover to give a more comprehensive package of financial protection.
The guide could help you to:
- Recognise the long and short-term impacts a children’s critical illness could have.
- Craft a new Personal Protection policy tailored to your client’s needs.
- Understand the different options available as part of Children’s Cover
- Find out the benefits of adding Children’s Cover to Life Cover
- Learn more about how Children’s Cover can help you meet Consumer Duty obligations.
- Determine the amount of Children’s Cover your client might need
Foundation Home Loans
Adjusting to Change in the Residential Mortgage Space
Time stops for no one, and neither does the possibility of change. What might seem like an irrecoverable position always has the potential to shift and develop, and for a more positive outcome to be achieved. There will be many borrowers who currently feel like this and require the services of an adviser to help move them to where they need to be… Read more
Paragon
Did you know we offer a forward funding facility?
If your clients are looking to expand their property portfolios, then we may be able to help!
It’s called our forward funding facility and it means that we can underwrite a landlord based on their future strategy. By doing this, we can provide them with a facility letter which will help speed up transactions for those time sensitive situations.
What makes this even more appealing is there is no set up fee, they just need to fill out our stripped back application form and we’ll do the rest!
Why use forward funding?
• It can help to reduce delays on future transactions to make sure your landlord client is in the strongest position when negotiating
• It offers an increased opportunity to write repeat business quicker and easier
• Funds may be used to finance purchases for portfolio expansion, remortgaging property to us and for releasing equity on property already mortgaged to us
Want to know more?
For more information, head over to our forward funding facility webpage.
Market Harborough Building Society
Bridging finance – a solution for chain breaks and much more
In a turbulent market it’s normal to see bridging enquiries to help fix chain breaks, because it allows the client to buy their next home before selling their current property. Did you know that bridging loans can provide a short term solution for a range of other circumstances? Here are just some of them:
- Downsizing
- Refurbishment
- Re-bridge (refinancing an existing bridging loan)
- Raising funds for business purposes
- Development
Hear from our bridging expert William Edwards as he discusses in more detail how bridging finance can help at mhbs.co.uk/latest-news/bridging-spotlight/.
Different securities and exit strategies
Unlike longer term mortgages where affordability is key, with bridging finance the emphasis is on your client having a viable exit strategy in place. And there is flexibility here, including:
- Any type of residential property considered as security – including complex property types and listed buildings
- A range of exit strategies accepted – such as sale of property/asset, including overseas assets and combinations of methods
- Serviced options available to maximise LTV
What’s more, additional flexibility is available to High Net Worth clients, with terms up to five years offered and up to 70% LTV.
We have a team of bridging experts ready to assist you. If you’d like to discuss more, please give one of our team a call today on 01858 412345.
Paymentshield
Additional Protection For Your Clients
Optional extras can be really valuable additions to a client’s Home Insurance policy to give extra peace of mind around the things that matter most to them.
Discussing Optional Extras can help demonstrate the value of your expertise, as they can be used to tailor a policy to meet your client’s needs, Paymentshield have created a dedicated space filled with all of their optional extra content aimed at supporting you when you have those conversations.
You can find;
- Short customer facing videos that that explain what each of their optional extras are and how they can be beneficial to your clients.
- An infographic showcasing claims data
- And more including a GI academy module and case studies
Emma Green, Distribution Director at Paymentshield, comments:
“We understand that people are trying to make savings where they can, but scrimping on cover really is a false economy. For many people, unexpectedly having to fork out hundreds of pounds of their own money in the run up to Christmas, and as heating bills rise, is simply not manageable.
“Many people will need guidance on where is a sensible place to make savings and where isn’t. Advisers are in the best position to provide that support across a portfolio of financial products, and where appropriate, share practical examples of what exposure to certain risks could look like financially.”
Help protect your clients from feeling out in the cold this winter
Barclays
Improved Loan to Income (LTI) multiples
Following on from the confirmation that we have moved from a hard credit footprint to a soft credit footprint before submission of your client’s application, we’re now delighted to confirm two enhancements to our LTI policy that will help more of your clients seeking a mortgage with Barclays.
The following updates will now apply based on income.
- Joint customers with £75k-£100k joint income, ≤85% LTV, will access 5.50x LTI up from 5.00x
- Customers with £45k-£60k joint income, ≤85% LTV, will access 5.00x LTI up from 4.49x
These limits will be automatically applied to all residential lending decisions from today, Thursday 26th October.
