Posted in August 2017
Do you have clients approaching or in retirement who may be struggling to pay off their interest only mortgage? Hodge can help Often, people are put off approaching their Adviser about later life borrowing as they don't believe they will be able to borrow enough money to repay their existing mortgage. This [...]
In the earlier stages of a person’s life, life insurance and critical illness cover (often referred to as ‘accelerated life’) are essential for ensuring financial and family protection needs. However, once the mortgage is paid off, and the term life cover has expired, the protection gap for clients in the later stages of life is [...]
Welcome to this week's Mortgage Update. Be sure to have a look through as there is sure to be some information pertinent to you. Included in this week's update: The Marsden show how they can help you in a growing market; NatWest change the way they assess mortgage applications from higher earning self-employed contractors; [...]
Virgin Money have revised the way they calculate affordability so that they can offer more of your customers the loan amount they want. They also offer: Six-month standard offer – plus a six-month extension if needed (subject to underwriting criteria). Unlimited non-cash incentives (including finishing touch vouchers). Cash incentives and part-exchange of up to 5% [...]
More great news from Natwest Intermediary Solutions. On Friday 11th August, we are introducing some changes to our core and semi-exclusive ranges. Here’s a summary of the changes, Core Rate reductions on two residential 95% LTV deals Rate reductions of between 7-156bps on many 2 and 5 year purchase and remortgage buy-to-let deals Product fees [...]
We would like to inform you that we have reintroduced three mortgage products today. Product code 11049 (1.95% p.a fixed until 31.08.2022 at 65% LTV) 11058 (1.55% p.a fixed until 31.08.2019 at 80% LTV) and 11059 (1.70% p.a fixed until 31.08.2019 at 80% LTV) . Please download the broker bulletin for details of the whole mortgage range. [...]
On Thursday 3 August, Bank of Ireland for Intermediaries is launching a new product range. It will offer a great selection of 2, 3 and 5 year fixed rate products. Residential 60% LTV rates starting from 1.13% for 2 year fixed and 1.99% for 5 year fixed 85% rates starting from 1.48% for 2 year fixed [...]
We are pleased to confirm that we have enhanced our Buy to Let Mortgages criteria to accept first time buyers who want to invest in the property market. This change is live with immediate effect. To complement this launch we have updated our criteria guide and created a new ‘What you need to know about’ [...]
Help your clients get more from their mortgage with Aldermore’s new range of limited edition residential remortgage only products, including their lowest ever remortgage only rate at 2.48%. 2 year fixed rate up to 75% LTV 2.48% 2 year fixed rate up to 80% LTV 2.78% 3 year fixed rate up to 75% LTV 2.58% [...]
The older generation is growing fast yet they can face certain obstacles to borrowing. The Marsden offers conventional mortgages for those approaching or in retirement that are an alternative to equity release. The picture by 2020 highlights a growing need as the older generation increases With the 55+ generation looking to double by 2020 and [...]
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