We are delighted to advise we are increasing the gross proc-fee payable to you for residential completions from 0.40% to 0.42%. The changes are applied with immediate effect and will include all completions from 1 August 2018, payments to be issued this week. We also hope to be in a position to provide you with [...]
Chorley Building Society has improved their Help to Buy mortgage product, including reducing the scheme fee and increasing the discount reduction. The 0.75% scheme fee has also been replaced with a fixed fee of £499. The Product term has reduced from 3 years to 2 years and the current discount has increased from 3.00% to [...]
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: Virgin Money launch new remortgage products; Chorley Building Society revamp help to buy mortgage products; Tipton announce proc-fee enhancements. [...]
We're pleased to let you know that you can now submit lifetime mortgage applications by email. This applies to both new business and additional borrowing applications. We can accept digital versions of the forms, or scanned copies of forms completed manually. Please read our email checklist before submitting your client's form to prevent any unnecessary [...]
If you have clients aged 50+ seeking to purchase or remortgage, they may be considering a RIO mortgage or even equity release. There are other options, and it’s as simple as a standard residential mortgage tailored to meet the needs of older borrowers. Here’s what you need to know: Loans from 5 to 40 years [...]
Here at Retirement Advantage we’re really passionate about supporting advisers, and that’s why we give you direct access to our underwriters. You can pick up the phone and speak to them, or email them directly to talk through any potential applications you might have. Our underwriters have a wealth of experience, and they take a [...]
We're changing rates on our Retirement Mortgage as of Friday 14th September. Any new business received on or after 14th September will be based on the rates below. Applications already received prior to this date will proceed on previous rates. Products included: Retirement Mortgage 2 year fix - new rate 4.05% Retirement Mortgage 5 year [...]
It's not just black and white with Older Borrower clients, we know that there's an increasing amount of grey! Excuse the pun, but, when looking at Older Borrower cases, it's not about the black and white but the grey in between. We've found that there's a growing number of your clients that need a personal [...]
All LTVs for both single and joint across all 3 products are reducing by 1%. Our Distribution and Underwriting teams are on hand to answer any queries. The last day for KFIs on old criteria is 7pm on Monday 17th September The last day for Apps on the old criteria is Monday 24th September View [...]
Welcome to our latest update dedicated to the topic of later life planning. Please take the time to read through the update as there may be some information that is important to you.
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