Legal & General
Children’s cover that goes beyond the school years
We know children are unpredictable (we wouldn’t want it any other way!). That’s why your clients’ kids don’t need to be in full-time education to be covered. Instead, we cover them until they’re 22 with Critical Illness Cover, or 23 with Critical Illness Extra.
Children’s Critical Illness Cover is included as standard with our Critical illness policies. Children’s Critical Illness Extra can be added for an additional cost, which now includes new conditions covered and increased additional payments to stay in tune with your clients’ changing needs.
Here’s some things you might not know about our policies:
- Critical Illness Extra and Children’s Critical Illness Extra are only available to advisers, clients can’t get these products directly from us.
- Increased additional payments from the lower of 50%/£35k to 50%/£40k for Children’s Critical Illness Extra. Claims on additional payment conditions don’t affect original sum assured.
- Cover for all types of families including those with children under legal guardianship.
- A wide range of benefits including Family Accommodation Benefit, Children’s Accident Hospitalisation Benefit and Children’s Funeral Benefit.
Barclays
You said, we did!
We are always listening to your feedback and striving to improve our broker experience, recently we have revamped the search functionality on our Intermediaries website. This change with allow you access the information and documents that you need much quicker and simpler, with new search filters added and documents made directly searchable.
These enhancements are only the beginning. We have a roadmap of changes to transform our offering and look forward to sharing more detail very soon.
Policy change: Term extension on Non-ERC Trackers
We are pleased to share that customers will now be able to extend their term if they hold a product without an early repayment charge (ERC) and has a current initial term of feature e.g. 2 or 5 years. This does not include Lifetime Trackers. To extend the mortgage term of a Lifetime Tracker a product from our existing product range will need to be selected.
Read our full lending criteria here.
Vitality
Overcoming ‘present bias’: The key to closing the protection gap?
Getting clients to see the value in protection cover isn’t always easy, especially given the intangible nature of traditional insurance. However, rethinking the way protection works is giving advisers an opportunity to overcome this barrier, writes Greg Levine, in the first of our Sales as a Force for Good article series.
We’ve all done it: the alarm goes off in the morning and we hit the snooze button. You know that getting up later means less time to get ready but the idea of longer in bed is too good to resist.
Present bias – where people favour immediate reward and gratification over longer-term gain – often leads us to make decisions that can work against us later on.
Whether it’s clients failing to make adequate financial plans for retirement, seeking quicker (and potentially risky) investment returns or foregoing the expense of insurance against some future, unforeseen risk, advisers will be all-too familiar with present bias and people’s pursuit of instant gratification.
The Mortgage Lender
Half of first-time buyers consider Shared Ownership as means to get on property ladder
50% of first-time buyers would consider or have considered using Shared Ownership as a means to getting onto the property ladder, according to new research from The Mortgage Lender (TML).
With affordability concerns prevalent among many looking to become homeowners, Shared Ownership allows those aspiring homeowners to part buy-part rent a property that may have otherwise been unaffordable for them.
While TML’s research found that two thirds (65%) of first-time buyers were unsure what Shared Ownership means, once this was made clear half said they would consider or are already considering this as an option to buy a property.
e.surv Chartered Surveyors
Your ideal survey partner
Our aim at e.surv is to be a valuable partner to our introducers. This goes further than delivering great survey products. We’re committed to providing additional resources and support to help you refer our surveys.
Benefits for Introducers
Dedicated Account Manager
Introducers are given personalised support from a dedicated account manager, here to answer your questions. Not only do we offer speedy survey delivery, we interact with your customer every step of the way, and keep you informed with important updates.
Regular Webinars and Insight
Our vision is to be the most respected and most trusted residential property risk and surveying experts in the UK. For over 30 years we’ve been helping people to buy and sell houses and we are proud to have been recognised over the years for our excellent service and customer care. We aim to pass this knowledge onto our introducers, helping build trusted and valued relationships.
Marketing Materials
We want to make your life as simple as possible and have produced a series of assets that we’re happy to share with you. These assets are crafted to help homebuyers understand why a survey is beneficial to the process. We’ve also got documentation that explains the HomePlus Digital Home Survey process and comparisons with standard RICS Level 2 Surveys.
Whatever you need, just ask! Or simply refer a client today and help them secure their dream home faster with our online referral form.
Zurich
Zurich Accelerate – Delving in to the detail: Global Treatment Plus
When faced with a serious illness, a fast response and access to quality treatment can be important to your customers.
That’s why Global Treatment Plus stands at the cornerstone of Zurich Accelerate, which stemmed from a desire to help customers facing some of the most serious medical conditions – cancer, heart and neurological conditions.
The Global Treatment Plus service within Zurich Accelerate gives your customers access to treatment abroad at some of the leading hospitals in the world.
It not only covers the cost of treatment, but also many of the associated expenses, such as travel and accommodation for your customer and two companions (three if the patient is a child), allowing your customers to focus on their treatment and recovery.
Let’s delve into the detail of Global Treatment Plus and the types of medical facilities that your customers have access to if they add Zurich Accelerate on to their Personal or Income Protection policy with Zurich.
Pepper Money
Rest of the year could be busy! – Rate reductions & an increase in products…
Customers who’ve been holding back due to rate concerns may find the latter half of the year an opportune time to proceed with their plans. So now could be the time they return to the market. Customers now have an array of mortgage options, as the mortgage market has seen five consecutive months of growing numbers of mortgage products available on the market. The current volume of 6,658 is the highest since February 2008, according to Moneyfacts.
Combined with the fact rate reductions are becoming more frequent this could mean a very busy period for mortgage advisers. This greater sense of optimism and activity is further supported by May’s RICS Residential Market Survey, after it suggested that transactions could continue to rise over the next few months, buoyed by a better flow of stock onto the market.
However, defaults on household loans are expected to continue to climb in the next three months, according to a Bank of England survey of lenders. So, it is important brokers are familiar with the vast range of options lenders can offer to help your customers. For instance, we have seen a 198% increase in DMP cases Yr on Yr. We believe it so increasingly important to help customers from adverse i.e. DMP, bankruptcy all the way to prime. So as the market improves fee free, ‘mid-fee’ products or reduced rates could be what is needed to help a customer which was recently declined get the mortgage they need.
Kensington
Low deposits
For your clients who are first time buyers and/or have a smaller deposit, our Low Deposit solutions could be what you need.
The Select 95%, Help to Buy (Remortgage and Wales), Right to Buy, New Build and with some newly released specials, Shared Ownership, are all part of our Low Deposit bundle, designed to make brokers lives easier.
MFS
Property Finance Guides
Here are some resources about property finance you might find beneficial:
Bridging Finance
Fast short-term finance up to £50m for between 3 and 24 months. Adjustable to your circumstances, no matter if straight-forward or highly complex.
Buy-to-Let Mortgages
Flexible finance for BTL investments up to £10m & 75% LTV. Increased loan sizes through deferred interest, rolled up/deferred months, and top slicing.
Property Finance Calculator
Find out how much you can borrow for your property investment with our buy-to-let mortgage or bridging loan calculator. Enter a few details about the property & loan and calculate your loan amount & costs.
more2life
Fastpath Service Promise
At more2life, we’re consistently focused on supporting you on your mission to provide better customer outcomes. This means that as well as providing innovative and market-leading products, we’re also passionate about delivering service that you can trust, which is why we’re delighted to reintroduce our much-loved fastpath Service Promise.
Throughout July, we promise that if we don’t get your clients from application to offer within 10 working days, we’ll give them £500!
Read our T&Cs now to find out more or Create a KFI today
LATEST BLOGS:
Aldermore – Backing up Britan’s Contractors
TMA Club – Quality Protection everytime
Coventry for Intermediaries – How to prevent Mortgage Fraud: A brokers guide
TMA Club – June industry round-up
TMA Club – Busting the myths about specialist lending
First2Protect – Referring leads as a mortgage adviser
