We’ve launched our market-leading comprehensive Income Protection insurance for advisers to help you meet the growing protection needs of your customers. Our new enhanced Income Protection is more than a financial safety net - our range of rehabilitation support services could help your customers from the moment they are unable to work due to illness or [...]
LV= recognises the need for quality, convenient healthcare has never been greater, so they've added LV= Doctor Services to all new personal protection policies at no added cost. This gives your clients access to three expert medical services via one handy app, including Remote GP. Remote GP will enable your clients to: Check an everyday [...]
92% of Advisers think that Income Protection is undersold* How would your clients cope if they were unable to work due to long term illness or injury? 542 credit and debit card purchase transactions were made every second in September 2017, with a total value of £1.87 billion People in the UK owed £1.56 [...]
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: AIG bridge the gap with income protection; Uinsure release sales aid on how to speak to your clients about why quality beats price; Cirencester [...]
First Time Buyer transactions are increasing… First Time Buyer numbers have grown 15% year-on-year, with FTBs rapidly becoming the new ‘Special Customer’ – for life! Vida’s Director of Sales – Mortgages, Louisa Sedgwick, has suggested the increase in FTBs can be attributed to a number of contributing factors, including gifted deposits, the Bank of Mum [...]
We have 13 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's 80% LTV 5 Yr Fixed - Best affordability in the UK 75% LTV Ex-Pat BTL including HMO's & Multi Units [...]
To help more of your clients get the loan amount they need, we’ve increased the flexibility of our buy-to-let underwriting. That’s why we allow clients to include personal income in the affordability test. The rental income must cover 125% of the mortgage interest payment, calculated at a notional rate of 5.50%, with personal income being [...]
Retention Procuration Fees Don’t forget we are paying a retention procuration fee of 0.20% to intermediaries for recommending a product transfer for both residential and buy to let. We've completed a successful pilot with London & Country to fine tune our process and here's what they've had to say about it: "We've been delighted to help Principality with [...]
Accord Mortgages interest coverage ratio (ICR) is now 125% on 2 & 3 year fixed rate deals for ‘straight switch’ remortgaging landlords. On Wednesday, 31 January Accord are reducing their minimum rental cover requirements for ‘straight switch’ remortgaging landlords. This means there will be changes to all product codes on their current range – everything [...]
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: Virgin Money are red hot with buy to let personal finance; Principality are paying for recommending product transfers; Accord Mortgages cut their interest [...]
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