Application for loan of £1,800,000 at 75% LTV The applicant held a senior position in a large bank and was paid a large income as well as bonuses. The size of loan they wanted wouldn’t have been possible under our standard loan terms. When reviewing the case we were happy to include the average [...]
Changes to our Income Policy for self-employed mortgage customers Following our ongoing commitment to ensure our mortgage credit policy remains fit for purpose, we’re changing the documentation required to evidence income for self-employed mortgage applicants. What’s changing? We are implementing a new document request for Sole Traders, Partnerships and LLP with less than 200 [...]
Complex case washout? Our income solutions will make the sun shone for your clients Do you have clients who are asset rich but traditional income poor? Do their assets include a mixture of cash, investments, trusts, pensions or net profit in their business? Does their income appear low relative to their borrowing needs? Do [...]
Great news! We’ve simplified our full mortgage application (FMA) process in Introducer Internet to help improve our service and reduce your client’s time to offer. Removed some of the questions we ask you in the residential FMA including our eligibility policy check questions to help reduce the time it takes to complete. Tailored our [...]
CASH BACK FOR GREEN SELF BUILDERS WITH FURNESS BUILDING SOCIETY The Cumbria-based Building Society has unveiled its first collection of green mortgage products in an exclusive collaboration with BuildLoan. Furness Building Society has today announced the launch of two green self-build mortgage products, available exclusively to brokers via BuildLoan. Both products come [...]
The Vitality Shared Value Insurance model at work in 2020 We deliver significant value to our members through our unique Shared Value Insurance model. The Personal Protection Plan An innovative proposition designed to best protect our members’ lifestyles, through offering best-in-class protection benefits including our unique Serious Illness Cover. £91.6m paid [...]
Captain Louis Rudd, MBE will be giving the keynote address at the COVER Protection & Health Summit 2021. He will be kicking off the conference with a discussion about building resilience to overcome adversity. Read more about the summit >>
Fluctuating income = no access to Income Protection? This and more myths debunked For many years Income Protection was seen as a closed door to self-employed people or anyone with a fluctuating income. Luckily that’s not the case anymore, but sadly old myths die hard, for both intermediaries and clients. There are a few options [...]
The 6 myths and misconceptions of protection #4: ‘I can rely on savings’ In his fifth blog in the series looking at the myths and misconceptions of protection, Robert Betts, Market Development Manager at Legal & General, discusses the fourth most common reason why clients don’t have income protection – because they feel they [...]
How perfect is your pitch? We all know that the best sales results come from great pitches. It can be difficult to know when your client will be most receptive to a discussion around home insurance, or how to bring it up. However, if this deters you from even attempting the sale, you’ll automatically [...]
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