You will be aware that in March we suspended the sale of new easiprotect policies. This suspension remains in place for the time being and we will of course continue to manage and service all existing policyholders and any claims that accrue. In regard to the ongoing management of the scheme, we have been instructed [...]
Accord Mortgages is set to temporarily withdraw all products at 90% loan-to-value (LTV) as it looks to maintain service levels in the face of unprecedented demand. Since re-entering the market in mid-May, the intermediary lender has seen higher than expected volumes of applications, so to manage demand and reduce the impact to service, the current [...]
During these unprecedented times, you may have decided to use the time to brush up on extra skills. To help build your business profile, maybe you’ve looked to build or update your website. Or maybe broaden your market knowledge. Or maybe you’ve wanted to but don’t know where to start. Well, one improvement you should [...]
With the UK mortgage market beginning to open back up, the last 12 weeks have reinforced the importance of business resilience. While business hasn't necessarily stopped, many advisers have reflected on the changing needs of clients during this time and taken a refreshed look at their business models. Join the conversation this Thursday , as [...]
We are making some changes to our Residential and Buy to let mortgage ranges. Full details of the change including a new range of Pepper Light products, for clients with no CCJs will be communicated to you Wednesday 10th June at 9am. To secure one of our existing products, please ensure you have progressed any [...]
Virgin Money and Clydesdale Bank are the latest lenders to temporarily withdraw their 90% LTV ranges. The lenders, both owned by CYBG, have withdrawn all 90% LTV products for purchase, remortgage and new build to "protect the service for existing applications in our pipeline". Virgin and Clydesdale will continue to offer product transfer deals up [...]
In line with the wider industry, Metro Bank customers impacted by Coronavirus will be able to apply for a mortgage payment holiday of up to 3 months until 31 October 2020. They can do this by visiting www.metrobankonline.co.uk/mortgages/ and applying online. If your customer is looking to extend their payment holiday for a further 3 [...]
Buckinghamshire Building Society has launched a new, simplified product range using physical valuations which is in addition to its AVM products. These new products offer competitive rates with: up to 80% LTV for prime lending up to 75% LTV for retirement up to 70% for BTL up to 70% for non standard up to 60% [...]
Get your customer’s application to offer as quickly as possible by providing the correct documentation upfront. Here’s a reminder of what we need for new applications: Employed customers Latest payslip required in all instances. Income affected by Covid-19? Please add a note in the free format box on the broker platform explaining how the income [...]
Phase one of the new virtual on-site lender underwriter service from 3mc has been launched. The new service enables 3mc team members to use Zoom or Microsoft Teams to discuss new enquiries and applications in progress, directly with a virtual lender underwriter. Phase two will see the addition of more lenders offering this service via [...]
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