GREAT NEWS. After an intense period of negotiation with all of our funding partners, we are now in a position to start undertaking semi-automated (desktop) valuations on some of our products with immediate effect. You can read a full breakdown here of where we are with each of our funders and FULL details of the [...]
Further to our e-mail of the 31st March 2020 we want to take this opportunity to update you further with regard to the procedures we have now implemented, following the issue of the ERC’s formal guidance in respect of temporary measures in the industry concerning temporarily relaxing the F2F visits. As you know, since [...]
We wanted to send you my thanks for all the hard work that you are doing looking after the needs of customers who want to have the option to choose equity release and for all the ways you are supporting your local communities. The Council has been working flat out to find innovative solutions [...]
We have been working hard to overcome a range of issues regarding the challenges of carrying out physical valuations given the social distancing restrictions in light of Covid19. During this period, as physical valuations are currently not possible, we are confident we will be able to offer Remote Valuations across our products for both [...]
We’ll be offering desktop valuations for all of our lifetime mortgages from 6 April We have been working as quickly as we can to implement an alternative way of valuing without a home visit. We’re pleased to announce that as of Monday April 6 we will be moving to desktop valuations for all [...]
Latest updates in the current situation In the current times of uncertainty within the market, we’re pleased to announce that we now have Desktop Valuation solutions for the majority of our products. Both our Heritage and Sovereign ranges now have valuation solutions, allowing applications to progress as normal. We’re fully operational from KFI right [...]
With effect from 10am - Tuesday 14th April, we've changed the interest rates and LTVs across our Lifestyle Options and Capital Select Options. We're also temporarily closing Lifestyle Gold Plus, Lifestyle Platinum, all Voluntary Select Options and all Prestige Options to new business. Our new interest rates are shown in the Product Information table below [...]
We appreciate that due to coronavirus many customers are reluctant to let surveyors carry out the usual physical property valuations and that many surveyors willl no longer conduct them. So we can continue to help meet customers' needs, we have found an alternative approach. We will be valuing properties using a remote desktop valuation [...]
Julie Goodwin, Head of Business Development at Chorley Building Society discusses this growing trend. It’s no surprise as life expectancy continues to grow, the number of those continuing to work later in life is also growing. Recent figures from the 2019 seasonally adjusted Labour Force survey by the Office for National Statistics suggests that [...]
Welcome to this month's lending into retirement Update. Please take the time to read through the update as there may be some information that is important to you. Included in this month's update: Aviva make changes to lump sum max and lifestyle options; Canada Life enhance lifestyle options; One Family Help interest only mortgage [...]
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