Virgin Money are a lender who works hard for their intermediary partners. So they’re pleased to announce they have reduced their buy-to-let stress rates. What’s changed…? The interest rate stress on 5+ year fixed products has been reduced to 4.50%, from 5.00%. The required rental cover remains at 145%. Virgin Money apply a different [...]
We've launched two residential joint borrower sole proprietor (JBSP) products. Our joint borrower sole proprietor residential product allows parents, step-parents and grandparents to join their child or grandchild on their mortgage by including their income in our affordability assessment – without needing to be on the title deeds and jointly owning the property. Please [...]
We don't believe a credit blip should stop your customer getting the residential mortgage they want. What's more your customer can now take advantage of our Autumn Specials range even if they have: Up to 3 CCJs in 24 months; Up to 5 defaults in 24 months; Up to 3 missed mortgage/secured loan payments [...]
Welcome to this week's Mortgage 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: TSB make changes to residential products; Santander's online mortgage transfer service; Principality launch joint borrower sole proprietor residential products. [...]
In this Chartered Insurance Institute (CII) accredited CPD course, we look at the features and benefits of the Inheritance Tax (IHT) Residence Nil- Rate Band (NRB). The course considers the interactions between the Residence NRB and Trusts, as well as outlining the key calculations for estimating a client’s residence NRB. Learning outcomes To understand: [...]
How WhatsApp is transforming customer service Earlier this year, Vitality became the first Life and Health insurer to introduce WhatsApp to its customer service interface. To understand how this has helped transform their customer experience read more from Vitality’s operations director, Matthew Dijkstra in his recent feature on Cover – click here. To find [...]
A huge thanks to you... ...for supporting The Exeter. On 10 October, at The Cover Excellence Awards 2019, we were thrilled to win the Best Individual Life Insurance Award. The judges commented on how we are “offering cover for those unable to source life cover elsewhere” with our unique Real Life product, launched to [...]
New MetLife Research shows two out of three students would value protection policies offering counselling services. In September 2019, parents waved goodbye to more than 400,000 students1 as they started university. It’s an exciting time but can also be stressful. Research2 among students shows that 87.5% say they struggle with feelings of anxiety, almost [...]
We've improved our Income Protection so we can offer tailored cover for NHS medical professionals and other medical professionals on the same sick pay structure. This means we can now: Pay out in line with NHS sick pay arrangements. Offer up to 12 months sabbatical cover for eligible medical professionals provided they meet the [...]
With the weather now starting to turn less favourable (even by British standards), a lot of us, including your clients, will soon be turning their heating on for the first time this year. Everyone has different priorities when it comes to home insurance. So, alongside the usual buildings and contents cover, it’s worth discussing [...]
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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.
