Central Trust
We allow overpayments on our loans!
Have you got a client who is looking to take control of their finances?
At Central Trust, we believe in flexibility and putting our clients first. That’s why we offer no penalty overpayments on all of our loan products.
How this could benefit your clients:
- Pay off early
Your client can pay more than their monhtly installment anytime without worrying about extra fees. - Save on interest
Overpaying reduces the balance faster, helping your client save on interest and shorten their loan term! - Stress- free flexibility
Wheather it’s a little extra or a lot, your cleint can pay on their terms and acheive financial freedom sooner.
If you have clients looking for financial flexibility, we could help.
Saffron for Intermediaries
Introducing our new Professional Income Boost Range
We’re delighted to announce the launch of our Professional Income Boost product range, which offers income multiples of up to 5.5 times.
The product range is designed for young professionals in selected industries, who will see their salary grow as they progress in their career. This includes professions such as accountants, dentists and solicitors. After listening to brokers, we decided to broaden this out to also include other professions such as management consultants and investment bankers, who are on graduate schemes.
For more information, including the full list of professions that we can consider, please visit our Product Page
This is all part of our commitment to you to embrace different.
If you have any questions, please get in touch.
MFS
Earn 2 Structured CPD Hours with MFS’ HMO Training – Accessible Anytime Online
MFS’ HMO Property CPD Training Certification serves as an essential guide for brokers whose clients are entering the realm of House in Multiple Occupation (HMO) properties. Covering fundamental aspects such as HMO classification, legal obligations, landlord responsibilities, and financial considerations like rental yields and financing options, this course provides a detailed insight. Whether you are a novice or an experienced broker, the course equips you with the knowledge to aid you in navigating the intricacies of HMOs successfully. Elevate your understanding of HMOs and confidently manage clients investing in these unique rental properties with insights gained from this comprehensive training.
Earn 2 hours of structured CPD.
Learning Objectives
- Understand what an HMO is, and how these properties differ to standard buy-to-let properties.
- Learn what regulations HMOs abide by and why it is important to follow these.
- Understand costs that should be considered when purchasing and running an HMO, and how to work out different rental yields.
- Highlight different financial options available for these property types.
- Outline what specialist finance is and how it can be used to assist property investors interested in purchasing HMOs.
Accord Mortgages
Accord have improved their affordability…
Accord are always looking for ways to help you help more clients. And as they are a common-sense lender, they are pleased to let you know that from today they have enhanced their affordability assessment to:
- Reduce the minimum household income threshold for lending above 4.49x LTI (up to 5x LTI) to £50,000 (from £60,000), for LTVs up to 90%.
- Increase their new build LTV to 90% (from 85%) for above 4.49x LTI (up to 5x LTI) where the household income is £50,000 and above.
- Increase their new build LTV to 90% (from 85%) for Boost LTI where the household income is £60,000 and above.
How does it work?
The good news is you don’t need to do anything differently. Simply visit Accord’s website here and use their online calculators or submit a DIP as normal – MSO will do the rest.
What else do you need to know?
- Standard Lending policy and affordability must be met
- The minimum income threshold for Boost LTI will remain at £60,000
- Not available for applications using the New Build Deposit Unlock scheme
You can view Accord’s LTI criteria below:
Barclays
New episode of Mortgage Insider with Phil Spencer
Details below of our latest podcast about the UK Economy, it’s a great episode to listen to. Feel free to share where appropriate.
- What’s shaping the UK economy in the next six months?
- There’s a lot to unpack when it comes to the various internal and external factors which are currently shaping the UK economy.
- To help break down the complex economic landscape and explore its implications for the intermediary mortgage market, Phil Spencer is joined by Will Hobbs, Chief Investment Officer at Barclays Wealth & Investments, on the Mortgage Insider podcast
- This detailed assessment provides brokers with valuable perspectives and essential indicators on how to navigate the current economic climate and what to expect in 2025.
- Search ‘Mortgage Insider’ on your preferred podcast platform or listen here: https://barclaysmortgageinsider.lnk.to/podcasteo
Don’t forget to follow or subscribe to never miss an episode
Metro Bank
We have listened to your feedback and made some enhancements to our employment and income requirements to help with affordability and maximise the income we can use for your customer.
Criteria highlights
- Child Maintenance (Court Ordered) – accepted providing that the child is under 13 years old at point of application
- Foster income – accepted with 24-month history. Please note, this will need to be keyed as self-employed
- Time in employment – can consider less than 6 months history if a result of career break or parental leave.
For full details, please refer to our updated Mortgage Lending Criteria Guide and Packaging Guides.
Contact us
If you have any questions or need support, please get in touch with your BDM or call our Broker helpdesk on 0203 427 1019. To find your nearest BDM, please click here.
If you no longer wish to receive email updates about our products and services, please let me know and I will remove you from our mailing list.
The Mortgage Lender
Enhancements now live
- Auto Income Verification (CATO) – all Residential cases will have a CATO search ran ay DIP stage and this will determine whether we will require income verification documents or not. If the cases passes there will be no requirement on the submission checklist.
- AVM’s – an AVM will run for all cases up to 75% on our free valuation ranges on both BTL and Residential.
- Vulnerable Customers – removal of additional requirements form as the VC questions will now form part of the portal questions on submission where the broker will be able to disclose information.
Kensington
Underwriter tips to help you get it right first time
To help you put together a well-packaged case, we’ve created this handy guide with tips from our underwriters to help you get it right first time when submitting your Residential and Limited Company applications.
View the guide here.
more2life
So, how have we improved Apex?
- Reduced the minimum age on our highest LTV plan to 55
- Removal of the 15% haircut on flats
- Increase to the acceptable percentage of flat roofs, now 50%
- Max property value now £2m (£3m in London and the South East)
Apex is now also 5 Star rated by Defaqto, meaning it provides one of the highest-quality offerings on the market.
Paymentshield
Paymentshield releases the results of the 2024 Adviser Survey in new report
Paymentshield has published its 2024 Adviser Survey, revealing a significant shift in the importance of General Insurance.
For the first time, less than half of advisers report missing opportunities to discuss GI with clients—a 12% improvement from four years ago. This shift is potentially driven in part by the introduction of Consumer Duty, with 94% of advisers now recognising GI discussions as a vital part of fulfilling their responsibilities to clients.
The landscape of General Insurance (GI) is evolving, and with it comes both challenges and opportunities for advisers. Price sensitivity remains a significant hurdle, with 90% of advisers noting that clients are more price-conscious than ever. This increase in price awareness has led some advisers to shy away from GI discussions, fearing they can’t compete with comparison sites.
However, the report’s data shows that over a third of advisers have seen GI become a more important source of income in the past 12 months. Clients, too, are increasingly seeking advice on GI, with over half more likely to request it than in previous years. This growth in demand highlights the evolving role of GI from a secondary offering to a central pillar of comprehensive financial advice.
To find out more and read the results, download Paymentshield’s Adviser Report here.
Zurich
Register for our lunch and learn sessions this week for Zurich Accelerate
Why not join us this week at one of our ‘lunch and learn’ sessions to find out more about Zurich Accelerate.
With Zurich Accelerate, your clients have access to experts from around the world in a package of medical care services for cancer, heart and neurological conditions.
Your clients have complete flexibility when it comes to using any of the six services Zurich Accelerate has to offer. They can choose which service to use and when, with the option to combine them with public or private healthcare, offering greater control over their healthcare decisions.
Legal & General
We’re proud to support Income Protection Action Week!
Join us for three insightful webinars designed to help advisers communicate more effectively with clients about income protection. Our sessions will guide you in positioning Income Protection simply and concisely, ensuring clients understand when and how to make smooth claims.
What you’ll learn:
- How Income Protection integrates into a client’s holistic protection plan
- New ideas and angles to enhance your income protection advice process
- Strategies to ensure the best outcomes for mortgage, family, wealth, and business clients
Don’t miss these structured CPD sessions! Let’s make a difference together.
Register here: https://adviser.legalandgeneral.com/l/689583/2024-09-11/2c489g
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TMA Club – How to Increase your Protection Business: A Guide for Brokers
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Livemore – How the Cost-Of-Living crisis affects the over 50s
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TMA Club – Protecting your Clients: The Importance of Accurate Information
TMA Club – Are you discussing Protection value add-ons with your clients?
