Inform 9th December 2022

“Each month, Environment and Sustainability Manager. Corrina Jones MRICS, shares a round-up of stories and guidance on energy efficiency and sustainable practices.

We welcome the opportunity to work with you and your colleagues to explore the ways in which we could support you in achieving your sustainability targets. If you would like to arrange a meting to discuss any of the initiatives featured in this update, please contact Corrina Jones via email to corrina.jones@esurv.co.uk.”

See e.surv’s full Green Watch round-up here.

This week we launched our new C&I mortgage option allowing your clients to maximise the equity in their homes – a priority for 62% of customers we surveyed.*

[*Source: LiveMore Capital Research, 2022]

Highlights include:

– Up to 85% LTV

– Open to borrowers aged 50-85

– 35 years max loan term

Phil Quinn, Head of Intermediary Sales says: “We have listened closely to you, our intermediaries, and we’re excited to be launching this enhancement in direct response to your requests, reacting quickly to meet the needs of you and your customers”.

Register today

View products

Call 0203 0114 991 or email sales@livemorecapital.com

Our Existing Business Agent Hub (EBAH) in OLPC keeps you informed when your clients miss payments or ask to cancel their policy.

By receiving real-time alerts, you can quickly contact your client to find out why their payment has failed, remind them about the importance of their cover and discuss any recent changes in their circumstances.

How it’s helped

In the first 6 months of 2022 the real time notifications on Existing Business Agent Hub helped advisers to retain 36,055 policies and £12,363,325 in commission.

Visit our website to find out more and view our useful animation

At Roma Finance they’re vastly experienced at providing bridging loans for every type of refurbishment. From light, mainly aesthetic refurbs to medium and heavy rebuilds, choose their can-do approach and fast, flexible process. It’s all about empowering your clients to get the work completed and the property sold.

Refurbishment Highlights:

• Light, medium and heavy refurbishment solutions
• LTV up to 70% on light and medium, and 65% on heavy refurbishment
• Loans from £75k to £3M, with terms up to 24 Months
• No exit fee, interest deducted from initial advance

Download Roma Finance’s latest product guide

Take a closer look at Roma Finance’s product guide to find help find a solution for your standard residential bridging loan cases.

Have a case you would like to discuss?

Call the impact packaging team now on 01403 272625

Great news! From Monday 5 December we’ve made some important improvements to Introducer Internet, which will make it easier for you to submit applications to us.

Maximum loans

We offer maximum loans on eligible residential applications at AIP and FMA.

If your client is offered a maximum loan (which they’re happy with), simply amend the AIP or FMA and apply for the maximum loan amount

Existing customers porting a residential mortgage

We now retrieve the mortgage account details at FMA. If we’re able to match the details, we display the details of the existing mortgage. You can then choose the loan parts to port. Please be careful to check the details before submitting the application.

If we’re not able to match the details, you need to continue to enter the details manually, which you can get via Live Chat.

Improved product search functionality

We’ve improved the product search functionality to make it easier for you to find the right product.

New online registration form for admin users

You can use our online form in Introducer Internet to register your admin users. This means you no longer need to sign and upload the form to us.

Visit Santander for Intermediaries website.

At The Mansfield Building Society, our personal approach to underwriting allows us to be flexible in common sense situations. That’s why we take a pragmatic approach when lending to borrowers in, or fast approaching, retirement.

With an ageing population, coupled with the increasing cost of property, the average age of the first time buyer is rising and a growing number of people are borrowing beyond normal retirement age.

We reflect this in our criteria with capital repayment and interest only mortgages available up to age 85 (maximum 70% LTV when the mortgage is repaid between age 70 and age 85).

These case studies show how we’ve helped retired borrowers.

Purchasing a house to support son’s affordability

In order to support their son buying his first home, a couple were looking to take out a mortgage with him to purchase a property valued at £101,950 over a term of 15 years with the intention that the property would eventually be transferred to the son.

The couple were able to provide a 25% deposit meaning a loan amount of £77,263 was taken out on a capital repayment basis using the son’s PhD income to support the affordability assessment. With the oldest applicant aged 60, the Society was able to offer the three of them a mortgage, taking the oldest borrower to age 75 at the end of the term.

Capital raising using Interest Only with Property Downsizing

A married couple with the main applicant aged 70 were looking to remortgage in order to access the equity in their property during retirement to provide a gifted deposit to their daughter so she could purchase a house. The loan amount was £243,800 on an interest only basis with property downsizing as the repayment strategy.

With a loan to value of 32% over a term of 10 years, it made the main applicant aged 80 at the end of the mortgage. The borrowers approached their high street lender who provided their existing mortgage but they would not lend beyond the age of 70. Our individual approach meant we were able to assess affordability, taking into consideration the borrowers’ pension income.

The borrowers appreciated that downsizing to a smaller home would be better for their lifestyle as they got older but wanted to enjoy a bigger house as much as possible for the time being.

Home improvements and debt consolidation

A single borrower aged 60 at the time of application required a mortgage of £70,000 over a term of 20 years at 25% LTV. After the repayment of the curre

a term of 15 years with the intention that the property would eventually be transferred to the son.

The couple were able to provide a 25% deposit meaning a loan amount of £77,263 was taken out on a capital repayment basis using the son’s PhD income to support the affordability assessment. With the oldest applicant aged 60, the Society was able to offer the three of them a mortgage, taking the oldest borrower to age 75 at the end of the term.

Capital raising using Interest Only with Property Downsizing

A married couple with the main applicant aged 70 were looking to remortgage in order to access the equity in their property during retirement to provide a gifted deposit to their daughter so she could purchase a house. The loan amount was £243,800 on an interest only basis with property downsizing as the repayment strategy.

With a loan to value of 32% over a term of 10 years, it made the main applicant aged 80 at the end of the mortgage. The borrowers approached their high street lender who provided their existing mortgage but they would not lend beyond the age of 70. Our individual approach meant we were able to assess affordability, taking into consideration the borrowers’ pension income.

The borrowers appreciated that downsizing to a smaller home would be better for their lifestyle as they got older but wanted to enjoy a bigger house as much as possible for the time being.

Home improvements and debt consolidation

A single borrower aged 60 at the time of application required a mortgage of £70,000 over a term of 20 years at 25% LTV. After the repayment of the current mortgage the remaining funds were to be used to consolidate some unsecured debts and to carry out home improvements.

transferred to the son.

The couple were able to provide a 25% deposit meaning a loan amount of £77,263 was taken out on a capital repayment basis using the son’s PhD income to support the affordability assessment. With the oldest applicant aged 60, the Society was able to offer the three of them a mortgage, taking the oldest borrower to age 75 at the end of the term.

Capital raising using Interest Only with Property Downsizing

A married couple with the main applicant aged 70 were looking to remortgage in order to access the equity in their property during retirement to provide a gifted deposit to their daughter so she could purchase a house. The loan amount was £243,800 on an interest only basis with property downsizing as the repayment strategy.

With a loan to value of 32% over a term of 10 years, it made the main applicant aged 80 at the end of the mortgage. The borrowers approached their high street lender who provided their existing mortgage but they would not lend beyond the age of 70. Our individual approach meant we were able to assess affordability, taking into consideration the borrowers’ pension income.

The borrowers appreciated that downsizing to a smaller home would be better for their lifestyle as they got older but wanted to enjoy a bigger house as much as possible for the time being.

Home improvements and debt consolidation

A single borrower aged 60 at the time of application required a mortgage of £70,000 over a term of 20 years at 25% LTV. After the repayment of the current mortgage the remaining funds were to be used to consolidate some unsecured debts and to carry out home improvements.

We assessed both the borrower’s employed income and expected income into retirement and calculated that affordability would improve, together with the borrowers financial circumstances and standard of living, once all sources of pension income were drawn and the unsecured debt consolidated.

A common sense approach

If you’ve got a case on your desk that requires a common sense approach to lending then please pick up the phone to our Broker Support team on 01623 676360 or visit https://www.mansfieldbs.co.uk/intermediaries/.

Tandem Bank have teamed up with panel packagers Complete FS Ltd to launch an exclusive rapid remortgage product aimed at achieving loan completion within just 10 days.

Using AVM technology and affordability software Complete have the facilities to present applications to Tandem for DAY 1 offers. Complete will also facilitate a courier service for document delivery and signatures to avoid any postal delays.

On receipt of documents Tandem will instruct their own in-house legal team to ensure express conveyancing.

The products offer a varied criteria but are particularly aimed at clients wishing to act quickly to consolidate other debts and who may have experienced some previous credit blips.

Tandem’s Head of Sales Richard Angell says ““……. our process is going to revolutionise how customers and their advisers are treated and how quickly they can complete their mortgages. Watch this space. Things are about to get exciting!”

For more details including products contact Complete FS on 02380 456999 or email    enquiries@complete-fs.co.uk