Chorley Building Society has refreshed its ‘Later Life Lending’ products after reviewing the range in line with broker feedback. Previously, all borrowers fell into the same category if their mortgage loan took them over the age of 70, regardless of their age at application of the loan. After listening to feedback from brokers and [...]
Product update We’ve just introduced a market-leading innovation in our Heritage Freedom 40 product, which offers customers the ability to repay up to 40% of their loan each year ERC-free. In addition, Freedom 40 also allows up to twelve repayments per year, meaning customers can set up a monthly payment and reduce the impact [...]
Canada Life has confirmed a dual approach to valuations following recent Government advice and the easing of lockdown in England. In close partnership with e.surv, new ways to recommence onsite valuations have been explored, helping to minimise the interruption to clients and provide greater flexibility. This dual approach means that Canada Life is now [...]
Q&A with Chris Smyth, LV= Equity Release Business Development Manager Q: Recent figures released by the Equity Release Council show that the value of property wealth accessed via equity release products during Q1 2020 rose by 14% year-on-year to £1.06 billion before the recent lockdown. To what extent do you feel that new business [...]
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: Guardian accept business above non-medical limits & restart face-to-face medicals; Vitality resume face-to-face screenings; Royal London resume requests for medical evidence; Aegon release [...]
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: Coventry Building Society release 90% products TODAY till 8pm Monday; Common packaging issues to avoid unnecessary delays from HSBC; Virgin, Clydesdale and Accord [...]
Royal London will resume requests for medical evidence in partnership with Medicals Direct Group and Square Health. Safety protocols will be in place including the use of PPE and single use equipment and the disinfecting of equipment that will be used multiple times where possible. Pre-appointment phone calls will take place with individuals to discuss [...]
One of the impacts of COVID-19 was being unable to get the medical evidence we needed to underwrite some applications, which meant we had to restrict applications temporarily to below our non-medical limits. From today we have lifted that restriction. We can now accept and underwrite applications above our non-medical limits for all our products. [...]
Coventry for Intermediaries is launching a limited tranche of products at 90% loan-to-value (LTV). This move aims to manage its capacity to support the market while protecting its service levels and its wider proposition. Two 5-year fixed 90% LTV products for new business will be launched today (Friday 12 June) and close at 8pm Monday [...]
We're delighted to let you know that we've made an additional positive change to our criteria this week. With immediate effect we're re-introducing 70% LTV across our later life lending range, up to a maximum loan of £1m and property value of £2m. To find our new 70% LTV rates go to https://lnkd.in/dmdQD77
© Copyright The Right Mortgage | All rights reserved. | The content of this website is intended solely for the use of financial advisers. | How to make complaint? | Our Policies
The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
