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WEBINARS ON DEMAND:

ROYAL LONDON
Business Health Check

LEEDS BUILDING SOCIETY
Shared Ownership

ROYAL LONDON
Business Protection

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LATEST PARTNER BLOGS:

FLEET
Looking Ahead At The BTL Market In 2023

KEYSTONE
Multi-Title Split For Portfolio Landlord

GUARDIAN
It’s Time To Get On The Front Foot

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Impact Specialist Finance

If your clients need a short-term loan, have they considered a second charge bridging loan?

A second charge bridging loan could be the ideal solution for those who already have a mortgage secured against their property but require further funds for a short period of time.

Impact Specialist Finance has access to a comprehensive panel of bridging lenders, including limited distribution lenders. We have built strong relationships with these lenders who will take a view on all aspects of an individual case.

Access a faster bridging solution, call the Impact team on 01403 272625 or email bridging@impactsf.co.uk

MPowered

Your march newsletter

This month we’ve made it our focus to support your customers during these challenging times. From boosted cashback to updating how we assess affordability,  we have a lot to cover.

So sit back, grab a cup of coffee, and let’s dive into the March edition of our newsletter

Limited time only! Cashback boost: Up to £1,000 cashback

To support your customers buying and remortgaging their home, we’ve boosted the cashback across a range of our products:

  • £500 cashback on purchases
  • £1,000 cashback on remortgages
  • Available on all trackers and 2, 3 and 5-year fixed-rates

Our cashback boost is here for a limited time only. Log in and get a AIP in less than 5 minutes:

Get your AIP

Give your customers more choice with our trackers

Give your customers even more choice with a mortgage product that works for them. Our new 2-year trackers benefit from:

  • No ERCs
  • Flexibility to switch to a fixed product after 6 months
  • Boosted cashback up to £1,000 for a limited time only

View our current products

Affordability update: Borrow more with us

We updated our affordability assessment criteria, meaning your customers could borrow more with us.

Our changes could increase the maximum affordable loan by up to 20%, subject to LTI limits, criteria and loan characteristics.

Get an up-to-date view of how much your customer could borrow with us.

How much could your customer borrow?

Melton Building Society

Thinking Holiday BTL?

The Holiday BTL Market has certainly boomed in recent years and as we enter Spring, we have seen an increase in Holiday BTL enquiries coming into our Sales Desk, but why consider Melton? See our criteria niches below…

Criteria Highlights

  • Affordability assessed on the rental income (L,M,H)
  • No residential affordability
  • Min income £25k p/a (joint)
  • Air BnB considered
  • Occupancy rate 80%
  • Applicants able to use
  • No maximum age
  • FTB, FTL & non-owner occupiers considered

Product Information

  • Max LTV Houses 75%
  • Max LTV Flats 60%
  • Min loan £25,000
  • Max loan £500,000
  • ICR 130% at 8.45
  • England & Wales
  • Property must be free of restrictions (no holiday parks / lodges)
  • Interest only Ok

Contact Info

01664 414144 option 1

sales@mmbs.co.uk

Live chat via our website

Legal & General

Critical Illness: A costly Diagnosis

With Cancer Research UK quoting “1 in 2 people in the UK born after 1960 will be diagnosed with some form of cancer during their lifetime1“, it is more important than ever before to consider how we can protect our clients’ financial goals should they face being diagnosed with a critical illness.

In this webinar, Legal & General will explore some ideas on how you can bring this conversation to the forefront of your client’s mind as well as updating you on the brand-new updates to our Critical Illness proposition.

By the end of the webinar, you will be able to do the following:

  • Understand the evolution of critical illness cover and the additional benefits available alongside the changes to our proposition.
  • Reflect on your current perception of critical Illness cover and where it fits within your advice model.
  • Evaluate and review how you currently position critical illness and consider what you can do differently that would help more clients make an informed decision about taking out cover.

Register now

Alternatively, if you’d like to read about Legal & General’s latest updates to their critical illness offering click here.

  1. https://www.cancerresearchuk.org/health-professional/cancer-statistics/risk
legal and general logo

Vida Homeloans

Residential enhancements in dreamland

You’ll be in dreamland with the enhancements to our Residential criteria, making it easier for your customers to find a place to call home.

Take a look below at some of our latest Residential enhancements across our products and criteria:

  • Up to 85% LTV
  • Minimum loan of £50,000
  • Fee free options
  • 6x Loan to Income
  • Joint Borrower Sole Proprietor expanded to more family members
  • Acceptable Visas extended with just one years UK residency required
  • Right to Buy / Acquire products
  • Flats adjacent commercial properties – pubs and petrol stations now considered
  • No restriction on storeys in high rise buildings, no requirement for lift above 4th floor
  • Coach houses now accepted

And that’s not all…

You also have access to our most comprehensive Service Pledge, ever.

We promise to provide you with excellent service in every step of your application and case journey with us. If you feel like you haven’t received a high level of service from Vida and the V-Hub team, we’ll refund the £180 administration fee. It really is that simple!*

And remember, our V-Hub team and Underwriters are on hand to help you at every stage. So why wouldn’t you come to Vida with your next case?

With our proposition, products and service, we’re the specialist lender you’ve always dreamed of.

LiveMore

Capital & Interest for aged 50-90+ clients

LiveMore keep their partners in the know. Here are some great ways their Capital & Interest product can help your 50-90+ clients:

  • It’s ideal if they could afford to pay more than interest each month
  • It’s great if they want to protect their equity / owe nothing when the term ends
  • It’s available between ages 50 and 85 with 2,5 and 10 year fixed rates

Sound promising for a case on your desk right now?

Give your regional LiveMore BDM a call by clicking here and let them find the way to say yes.

You can download LiveMore’s product guide here, or visit the below link to register with them:

Register with LiveMore

Family Building Society

With us, flexibility gets easier in later life

We know your clients won’t always fit the mould. That’s why we offer flexible solutions for later life lending.

At Family Building Society, we won’t turn clients down just because of their age and actively look for ways to help when other lenders can’t.

How can we help? 

  • We take into account earned income up to the age of 70, or even 75 if the client is in a non-manual role.
  • We’ll consider pension pots, as well as fixed pensions, investment and rental income. Other income can be considered on a case-by-case basis.
  • We lend in retirement with higher maximum ages than most lenders:
    • Owner Occupier repayment mortgages, up to a maximum age of 95 at the end of term.
    • Owner Occupier Interest-Only and Buy to Let mortgages, up to a maximum age of 89 when the loan commences.

We have a common sense approach to lending and use human beings, not robots, to underwrite each case. This means we can tailor our solutions to each of your client’s needs.

Find out more and see just how flexible we can be!

Lendinvest

What underserved homeowners can get from LendInvest’s Residential Mortgages

Paula Mercer, LendInvest’s new Head of Sales, chats joining the lender and why they’ve launched residential mortgages at a time when more and more homeowners feel underserved by the market.

Find out more here.

GUARDIAN

INCOME PROTECTION IS NOW LIVE

Guardian has today announced it will be launching Income Protection in the coming weeks, to sit alongside its existing Life Protection, Critical Illness Protection, Combined Life and Critical Illness Protection, and Children’s Critical Illness Protection covers.

With the launch of Income Protection, Guardian will offer a full menu on its Protection Builder 2.0 quote and apply system, allowing advisers to combine different cover types, amount and terms to create bespoke, needs-based protection recommendations for clients.

The new Income Protection product has been created in collaboration with advisers taking on board their feedback to address some of their concerns; the result being a comprehensive yet affordable protection solution for clients looking to protect their income if they’re unable to work due illness or injury.

Some highlights of Guardian’s Income Protection:

  • Cover for ‘own job’, not ‘own occupation’ – a distinction that gives clients more certainty their cover will pay out when they need it to
  • No activities of daily working definition – if Guardian is able to offer terms, it will offer them for the client’s own job, and won’t ever downgrade new policyholders to the traditional activities of daily working definition often offered for more manual roles, as this rarely results in a successful claim
  • Premium Waiver as standard – paying out after 28 days regardless of deferred period and no requirement for loss of income
  • Option to add Optional Children’s Critical Illness Protection – to adult stand-alone Income Protection and choose the amount up to £100,000, limited to the adult’s cover amount
  • Higher cover amounts – with cover for up to 65% of annual earnings up to £60,000
  • 2-year and full-term payment periods, with a variety of deferred periods – giving advisers options to suit different client needs and budgets
  • Choice of payment date – clients can choose which date of the month, or day of the week, they would like to receive their Income Protection claims payments to fit with their own personal circumstances and monthly direct debits
  • Annual statements – sent each year so clients always know what they’re covered for and to encourage them to speak to their adviser if their earnings change, and to help them better appreciate the value of their protection policy
  • HALO – specialist bespoke return-to-work support, available as soon as policyholders become too ill to work regardless of deferred period
Guardian 1821 logo

Lendinvest

Building simple residential mortgages for brokers and their customers

Zephyr Homeloans seventh video in their new series is out now and this week, Zephyr RSM, Andy Rowe, gives you a quick run-down of Zephyr’s MUFB requirements and how to get in touch with them if you have a case to discuss.

Zephyr will release a new video each week, so check their website often to watch them here, or sign-up to their email newsletter here to be kept up to date.

It’s also your last chance to enter the Zephyr Easter prize draw, which closes at 5pm TODAY! So, if you are a mortgage broker or financial adviser have a go at their short quiz and, if you get all 4 answers correct, you will be included in a free prize draw for a chance to win a Bose SoundLink Flex speaker, worth up to £149! And there are two £50 Amazon Vouchers up for grabs for two lucky runners-up. Good luck! Enter here

Foundation Home Loans

Latest Landlords panel report on EPCs and their green agenda

Are landlords planning to reject properties with poor EPCs? And what are their plans to cover the improvement costs? Our latest landlord panel reveals… Historically speaking, the EPC rating of a property made very little difference to its saleability or indeed the way landlords viewed it as a purchase proposition.

However, a combination of factors including the Government’s intended measures in this area plus a wider focus on energy efficiency, all things green, and the cost of utility bills has drawn this into a much sharper spotlight.

Click here to read the full story.

Landbay

Green products are back!

Landbay’s Green 5 year fixed 75% LTV product range for standard properties is back, with rates starting at 4.69% and a variable fee structure to assist with affordability.

These products offer a reduction of 0.10% for properties with an EPC rating of A to C. 

They’ve also added new 2 year fixed rate 75% LTV products with a 4% fee with rates from 4.19%.Please visit our website for full details.

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