To help more of your clients get the loan amount they need Virgin Money allow clients to include personal income in the affordability test*. The rental income must cover 125% of the mortgage interest payment, calculated at a notional rate of 5.50%, with personal income being considered to cover the difference up to 145%. Their [...]
Complex income, flexible approach We know that customers, especially those who are self-employed, can have complex income sources. So whether it’s irregular payments, short term contracts or multiple sources of income such as bonuses or dividends we are here to help. We aim to make the lending process as easy and straightforward as possible [...]
Changes to data protection rules will have major implications for your business The General Data Protection Regulation (GDPR) is set to replace the Data Protection Act 1998 (DPA), marking the biggest overhaul to data protection in 20 years. In short, organisations that collect, keep or use any information related to an individual, which can [...]
When placing clients that are buying their first home, it's not just a great rate that you're looking for. We understand the pride of owning your first home and standing on your own two feet, so we don't ask for family savings to be held in trust, second charges on parents' properties or extra security [...]
Welcome to this week's Protection Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week’s update: Paymentshield launch improved landlord product; Royal London provide marketing material to help you make the case for protection; LV= launch new series of Wake [...]
The two-year anniversary of the stamp duty surcharge is almost upon us, and with the expected demand on buy-to-let remortgaging, what better time to cross-sell let property insurance to your clients. To sweeten the deal, we're giving you the opportunity to earn double points on all let property cases submitted between Monday 26th [...]
Paymentshield has announced a significant number of enhancements to its Landlord’s Insurance product and confirmed it will now carry a Five Star Defaqto rating. There impressive suite of changes, introduce a more comprehensive product underwritten by a panel of leading insurers, an increase in buildings cover up to £1million, new contents options of £10,000, £20,000, [...]
Our Marketing Studio gives you a wide selection of marketing material to help you make the case for protection, and offers the option of using Royal London branded versions or branding with your own logo and contact details. All you have to do is register and upload your logo and contact details. It’s that simple! [...]
As you’re one of our trusted Financial Advisers, we know you want to provide your clients with the latest financial protection. With that in mind, we’d like to remind you of My Extra Benefits – our range of enhancements that new and existing Members can add on to their income protection contracts. My Extra Benefits [...]
It’s simple. We deliver choice and value We have crafted a range of income protection plans, which provide complete flexibility, helping you tailor your client’s cover to their needs and budget. ► Choice We give you choices that some providers don’t. You can cover your client’s income from the first day of illness with our [...]
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The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
