Sale of Mortgage Property (SOMP) Interest Only repayment plan In order to select this repayment plan for an interest only mortgage, applications will need to achieve a minimum level of credit score. If applications do not meet this you will be prompted to select an alternative repayment plan. Further advances (FA) applications Customers can now [...]
We've made the following changes to our Shared Ownership product portfolio. Launching: Shared Ownership - 2 Year Fixed Rate 4.44% 95% LTV Teacher Only For home purchase and remortgage applications (Issue 496) Shared Ownership - 5 Year Fixed Rate 4.49% 95% LTV Teacher Only For home purchase and remortgage applications (Issue 497) Withdrawing Shared Ownership [...]
Now, more than ever, borrowers need a lender that can react and respond to the financial complexity that we all face. The COVID-19 pandemic has had a significant impact on existing and potential homeowners in the UK via its effects on the country’s job market, housing sector and overall economy. But here at Vida we [...]
On Friday 16 October we launched 5 new semi-exclusive Residential Intermediary products. Full details of these products can be found below. 2 yr fixed 70% LTV Residential Purchase/Remo 1.49% £995 fee 2 yr fixed 85% LTV Residential Purchase/Remo 3.46% No fee 5 yr fixed 60% LTV Residential Purchase/Remo 1.45% £995 fee 5 yr fixed 70% [...]
Hi everyone, I’m bringing you an Inbetweenysode this week and chatting to Hannah Godfrey, News Editor at Professional Adviser and Deputy Editor at Retirement Planner. Hannah is joining me to chat about pensions, her career so far and the Women In Financial Advice Awards, which she presented virtually on the 8th October. This is a really interesting one for me as [...]
We are proceeding with the maintenance on 17th October commencing 7am through to 6pm. The maintenance scheduled for 18th October has now been moved to 25th October with our Protection On Line service website being unavailable from 10pm on 24th October to 6 pm on 25th October. We apologise for any inconvenience caused as [...]
The subject of underwriting has been an extremely hot topic in recent times with many advisers raising concerns over the length of time it can take to obtain medical evidence. Where there are medical disclosures within an application this may be difficult to avoid, however when advisers are dealing with a clean application understanding [...]
On Wednesday 21 October at 2pm, we’re hosting a webinar on the subject of claims. Advisers will also have the opportunity to pose questions and understand the changes we’ve made to our claims processes. Invitation details below: The effect of the pandemic Join our Protection Claims Manager, Helen Morris, and Protection Development Manager, Mark [...]
As we covered on 16th September, Vitality recently announced major changes and a simplification of their product range. These changes go live today. The simplification included big changes to how their optimiser works and a new personal protection plan structure with the essentials plans removed and child serious illness now an optional extra. We help [...]
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: Royal London essential maintenance; Aegon announce claims webinar; Legal and General increase non medical underwriting limits for income protection. [...]
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