Rate Reductions on our Heritage and Freedom 40 Ranges MER AER New Rates across our Heritage Gilt ERCs Range 3.67% ‐ 4.39% 3.73% ‐ 4.48% New Rates across our Heritage Fixed ERCs Range 3.72% ‐ 4.44% 3.78% ‐ 4.53% New Rates across our Freedom 40 Range 3.97% ‐ 4.49% 4.04% ‐ 4.58% [...]
We've increased the maximum loan term at 90% LTV back to 40 years. This change applies to all cases that receive their first DIP on or after Thursday 21 January. Please remember that for lending over 85% LTV, our enhanced criteria still applies. Have you noticed our improved timescales? On average, it currently takes 15 working days [...]
Please see below for our weekly summary: Lifetime mortgage application cycle STAGE 1 Applications received waiting to be worked STAGE 2 Case checked and reviewed for approval (packaged for underwriters) STAGE 3 Case assessed by Underwriters for approval and set to offer STAGE 4 Offer approval to Offer issued General Post Benchmark SLA 1 2 [...]
We’re pleased to announce we’ve made changes to our Lifestyle Options from 10am this morning - Monday 18th January. We have:Decreased interest rates on Lifestyle Lite and Gold including Flexible variants.Our new interest rates are shown in the Product Information table below highlighted in red.Product Old Interest rate (MER)New Interest rate (MER)Old Interest rate (AER)New [...]
We have increased the rates of the following products: 2 year purchase products in the 85% and 90% LTV brackets; 5 year purchase products in the 90% LTV bracket; All other products and features remain unchanged. The new rates have been available on sourcing systems from Tuesday 19th January, and our rate table and [...]
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: Santander announce new 90% first time buyer exclusives; Nationwide increase maximum term on 90% LTV lending; Metro Bank cut LTV rates by 0.40%. [...]
With the country returning to enforced lockdown, many hospitals at capacity and an ambitious vaccination program being rolled out, the NHS will inevitably be stretched for some time. Understandably every resource should be directed at combating the pandemic, however the knock on effect of this is that obtaining medical evidence for the underwriting of [...]
With a range of low cost and comprehensive solutions, Smart Health and a transformative impact based approach to critical illness there are many aspects of the AIG protection proposition that advisers are familiar with and value. What some advisers may not be as familiar with is the added support AIG provide to claimants, their [...]
Royal London have launched a new "Underwrite Later" facility on business protection and relevant life applications. This new feature enables clients to put their business protection or relevant life policy in force immediately based on the information provided within the application with full underwriting being carried out once the evidence is received. Read more [...]
Adviser training sessions As you will be aware, TRM firms have been chosen to take part in the initial roll out of MetLife MortgageSafe – a new innovative and simplified income protection proposition. To support advisers including MortgageSafe into their sales process, MetLife are running a series of training webinars. Anyone is welcome, whether [...]
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