04. April

Protection Claims 2021

By |2021-05-06T14:49:02+01:00April 29th, 2021|04. April, 2021, 30, Protection, Provider News|

We’re entering protection claims season whereby the various life companies release their claims data for the previous calendar year. One of the first to publish was AVIVA and they reported some incredible statistics. Aviva paid out over £1 billion in protection claims during 2020 Over 50,000 claims were paid out 99.2% of all claims were [...]

TSB: Improvements to buy to let products

By |2021-04-23T10:32:14+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

TSB has introduced some new Buy to Let products and made various rate improvements. New Buy to Let House Purchase and Remortgage products: 5 Year Fixed (3 Year ERC), 0-75% LTV. 2 Year Tracker (With no ERC) 0-60% LTV. Rates reduced on 2 and 5 Year Fixed (5 Year ERC) 0-60% LTV, with £0 fee, House Purchase and Remortgage  by 0.25%. You’ll find the new product guide attached which is [...]

Kent Reliance: Re-Introduce 95% and 100% MSV Shared Ownership to ‘all of Market’

By |2021-04-23T10:29:35+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder. To support this potential uplift in new residential business coming your way, I’m delighted to announce that Kent Reliance for Intermediaries have re-introduced the 95% and 100% Market Share Value, Shared [...]

Halifax: Make changes to first time buyer and home mover products

By |2021-04-23T10:04:12+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

We’ve made the following changes to our product range: First time buyer (FTB) and homemover (HMV) Introduction of 2 and 5 year 95% loan to value (LTV) FTB and HMV products; Selected rate reductions of up to 0.35% across 0-60% LTV 2, 3 and 5 year fixed rate FTB and HMV products; Withdrawal of 2 [...]

Teachers for Intermediaries: Remodelling when two become one

By |2021-04-23T09:57:38+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

Short term mortgage to remodel 2 separate flats into 1 high end home. The facts at a glance... 4 bedroom detached London home; Property split into two flats by vendor; Borrowers planning to return to a single home through interior remodelling and move in; 80% LTV of £1.575m purchase price; Part repayment/ part interest only [...]

Bluestone: Supporting self-employed borrowers over the next 18 months

By |2021-04-23T09:42:02+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

A number of your customers may have found themselves in an uncomfortable financial position before the pandemic and even more so now which may have led to a fragile credit profile. Securing finance from a High Street lender will be extremely hard and that’s why we’ve updated our credit policy to further support self-employed borrowers [...]

NatWest: No more hard-footprints for a Agreement in Principle

By |2021-04-23T09:37:54+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

We are introducing a new credit decision engine that will initially be available exclusively for brokers from 26th April. There will be many benefits for customers who choose a NatWest mortgage via an intermediary, including that there will be no hard footprint left at the Agreement in Principle (AiP) stage and no limit to the [...]

Nationwide: Income criteria changes for bonus, overtime and commission

By |2021-04-23T09:34:55+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

We're pleased to let you know we've improved our income criteria and will be accepting bonus, overtime and commission as part of your client's mortgage affordability calculation. The income criteria page and affordability calculator have been updated to reflect these changes. Find out more here.

Uinsure: non-standard policies

By |2021-04-23T09:34:53+01:00April 23rd, 2021|04. April, 2021, 23, Protection, Provider News|

How often have you tried to provide a General Insurance quote for a client and no quotes have been returned after entering their details? How many times have you had to turn them away as a result? Chances are this is because they don’t qualify for a standard home insurance policy. Uinsure understands that for [...]

Foundation Homeloans: High net worth self employed clients missing out on high street borrowing?

By |2021-04-23T09:29:30+01:00April 23rd, 2021|04. April, 2021, 23, Mortgage, Provider News|

With the majority of 2020 and the early part of 2021 having a significant impact on many individuals’ income and financial situations, we anticipate that the self-employed particularly will require specialist residential finance going forward, whose propensity for complex income structures often throws them out of mainstream lending criteria. When you see national media headlines [...]

The Right Mortgage and Protection Network

St Johns Court , 70 St Johns Close, Knowle, West Midlands, B93 0NH

Phone: 01564 732 749

Using a Satnav? Please use postcode: B93 0NN to locate the office when visiting.

Testimonials

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Michael McGuiness, Adviser
My experience with TRM so far has been excellent I can’t tell you how much you guys have lifted me since March. The positive approach shown by everyone to get the business on and to get the commission paid is up lifting. What a breath of fresh air, great Network and fantastic positive attitude.
Andrew Smith, Adviser
You are a wake up call to this market and a revelation compared to my previous network.
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