Inform 18th February 2022

Healthcare services are stretched, so British Friendly has introduced Square Health’s Clinic in a Pocket app to help your clients and their families get faster access to health and wellbeing support every day at no extra cost.

Clinic in a Pocket includes the following services per policy year:

• Unlimited Digital GP Consultations
• 6 Physiotherapy Sessions
• 6 Mental Health Support Sessions
• 2 Second Medical Opinions
• 1 Health Check

Clinic in a Pocket forms part of British Friendly’s new and improved discretionary Mutual Benefits programme providing a simpler, more inclusive and valuable offering for your clients and their families.

Learn more here.

Gatehouse understand that the efficiency and speed of processing applications is key for both you and your customers with the legal process being a key element within this.

They do not recommend any solicitor and are happy to work with a UK based solicitor of the customers’ choice. However, they do suggest customers choose a solicitor with good experience of conveyancing in the Shariah finance sector. From their experience this can expediate matters due to their knowledge of the underlying documentation and processes which are different to that of a conventional mortgage.

To help in this regard, Gatehouse have a created a new document, ‘Solicitors with Shariah Experience’, which can be found on their website here.

If you have any queries or require further information their team remains available via phone and email, details of which can be found here.

Top slicing enables customers to use surplus portfolio and/or earned disposable income to prove they can meet any financial stresses, rather than using the rental income of the property alone.

It’s available across all of their BTL schemes, which includes limited company, personal name tax structures, portfolio and non-portfolio.

Helping your landlord customers secure the loan size they need, we’re on the case.

• Allows landlords to meet the rental cover calculation for short-term products
• Greater flexibility around loan size
• Provides access to properties with lower rental yield.
• Offered across our entire BTL mortgage range

4 reasons to fall in love with Precise Mortgages

Group Lending Engagement Director Roger Morris gives you 4 reasons to fall in love with Precise Mortgages this Valentine’s Day.

1. Our day one valuations
We’re dedicated to ensuring our process is as transparent and smooth as possible. It’s why we now instruct valuations immediately from the full case submission stage for buy to let and residential mortgage applications.
Bringing valuations forward, rather than instructing them after the initial underwrite, could mean you and your customers benefit from quicker turnaround times and improved process experience.
For helpful tips on what documentation you need to send when submitting your cases, download our right first time submission guide.

2. Our new and improved refurbishment buy to let calculator
To make sure you’ve got the tools you need at your disposal 24/7, we’ve refined and improved our refurbishment buy to let calculator and made it even easier and quicker to use. Now when you visit the calculator, you’ll be guided through a simple two-step process which gives you an indication of the costs of the bridging element, as well as the costs associated with the buy to let loan.

3. Our range of residential mortgage for DMP customers
We know that customers with a debt management plan (DMP) can sometimes struggle to secure a mortgage with a high street lender. When you use Precise Mortgages, you’ll find straightforward criteria that’s clear and to the point, including accepting those who have an active or recently satisfied DMP, or debt arrangement scheme (DAS) for those in Scotland.
For more details about our range of DMP residential mortgages, see our product guide or criteria guide.

4. Our lowest ever bridging finance rate
Our new and improved bridging finance range features our lowest ever prices, with rates now starting from 0.47% per month. And that’s not all. As part of our commitment to providing diverse solutions which could help you meet more of your customers’ borrowing needs, we’ve also increased the maximum age to 85 at the end of the term on regulated products.
Take a look at our bridging finance product guide to find out more.
So remember, if you need a solution for a buy to let or residential mortgage, bridging finance or second charge loan application, we’re here to meet the ever-changing needs of your customers. Whatever the challenge, we’re on the case!

2021 was an extremely busy year for the industry and for Foundation Home Loans. It saw a host of new challenges emerge for borrowers and opportunities present themselves across the intermediary market. As a result, we, like many other lenders have broadened our criteria to create something of a new landscape for intermediaries as we enter 2022.

Click here to read the full story.

In this Joint Borrower Sole Proprietor case study we were able to help a father support his daughter with our flexible approach:

• Property: a converted flat in a block of four storeys
• £460k loan with a split repayment term
• Father pays £280k over 18 years up to age 85
• Daughter, a trainee solicitor, pays £180k over 35 years

With a split repayment term and accepting repayments in retirement from the father, we could offer a common sense solution to allow the daughter access the housing ladder where the property price may be ordinarily out of reach. You can read the case study in full on our website.

JBSP Case Study.

Joint Borrower Sole Proprietor lending is available on our standard range of residential mortgages up to 95% LTV. The owner occupier needs to be on a progressive career path and be able to afford the mortgage outright in the medium term. The non-owner occupier must seek independent legal advice and we will assess the affordability of their existing mortgage.

For more information about our products and services, including our affordability calculator and applying through our online portal, visit our website at mansfieldbs.co.uk/intermediaries.