Just an update Monday 11th December
This week's headlines:
MPowered Joins Lender Panel We are delighted to confirm that MPowered Mortgages have been added to the Lender Panel. MPowered is a residential mortgage lender that uses advanced technology including an AI driven platform to provide clients with a quicker mortgage application process. Using their platform, designed with you in mind, you can submit an application form in minutes and have case documents verified in seconds. That means you can spend more time supporting your clients.
MPowered offers product pricing matched with top six lenders as well as the following for your clients looking to buy or remortgage their residential property in England and Wales: Up to 5.5x loan-to-income Loans up to £1.5m 90% LTV products available Free valuation on every product Cashback options As well as product pricing that's more than a match against the top six lenders, so you know your clients are getting a good deal, MPowered’s strength lies in its mortgage application platform, which is designed by mortgage advisers, for mortgage advisers. You will spend more time advising and less time on forms with MPowered’s streamlined application process. What’s more, with MPowered’s smart document packaging, MPowered’s advanced technology dynamically updates and verifies case documents in seconds so you get the benefit of real-time underwriting. You are assigned a dedicated Business Development Manager and MPowered’s broker support team is just a click or call away. Register with MPowered HERE
TFC now offering SmartApps and reduced costs Between now and Christmas, TFC has removed its application fees to help your clients with their mortgage costs. In addition, TFC has been developing its SmartApps system to help you transact your specialist mortgages. Key your case once and from one set of data SmartApps will: • Populate all TFC’s lenders application forms • Populate any other document that the lender requires • Verify the data against the lenders specific product criteria • If TFC need to change lender, it transfers the data into the new application One set of data will produce an application form for all our TFC’s lenders and product ranges across Residential, Buy to Let, Portfolios, Second Charges, Bridging and Commercial. Saving time for your clients, your administration teams and you. Plus, the system underwrites cases in real time. SmartApps is an established portal that has processed over £9 billion of enquiries. Contact your TFC team on 0330 127 0000, email marketing@tfchomeloans.com or visit their website to find out more.
Helping you spot fraudulent applications - top tips from Santander for Intermediaries Santander for Intermediaries has shared some guidance to help you spot fraudulent applications. In a world of higher interest rates and the cost-of-living crisis, both intermediaries and lenders need to be on high alert when it comes to mortgage fraud. Whether your clients are first time buyers looking to get on the property ladder or remortgaging to get a better rate, they could be more tempted to inflate their income or not disclose outgoings in the hope to borrow what they need. Check out this infographic from Santander for Intermediaries as it not only does it cover the above but also details the Cyber Kill Chain®, the framework Santander use for identification and prevention of cyber intrusions activity. Check out the infographic
More options for applicants without indefinite leave to remain Great news! As part of their commitment to common sense lending, Accord have enhanced their criteria for applicants without indefinite leave to remain. The maximum LTV on joint applications has increased to 95% where one applicant has indefinite leave to remain or is a British citizen. Search all of Accord’s criteria on their improved website
Find out what tenants REALLY think about the private rented sector With one in five people* in the UK now renting a property from a private landlord, it's never been more important for landlords to understand the private rented sector from the tenant perspective. The Landlord Leaders playbook takes a deep-dive into how the everchanging landscape is affecting the foundations of the industry and how the sector can best serve tenants today and in the future. The playbook is brought to you using research from OSB Group and the Landlord Leaders community. Convened by OSB Group, the community is made up of group industry individuals and organisations focused on creating a fairer and more sustainable private rented sector, whilst spreading a more positive message about its future. In the playbook, you’ll find out more about: • The tenant experience. • Why location is key • The lure of homeownership • The financial balancing act View the findings here * English Housing Survey, private rented sector
The Exeter - Do your clients know about the added benefits of their policy? Did you know that of 2,000 people surveyed in The Exeter’s latest Health & Financial Fears research, 40% were unaware of valueadded services that come with their policy? During a time when waiting times for NHS treatments and operations is the top health and wellbeing concern among UK workers, value-added services can really help your clients. As well as the existing member benefits that come with their cover with The Exeter through HealthWise, your clients can now benefit from unlimited Remote GP appointments as well as one annual health MOT per year for policyholders. Read The Exeter's latest insight to find out more
Legal & General CPD Academy library – CIIaccredited training Earn structured CPD with Legal & General’s CII-accredited webinars and workshops. They host approximately 600 workshops per year featuring expert insights on improving advice processes, including sales techniques, new markets and more. Find out more There’s also a range of webinar events which are available via the registration links below: L&G – Product & Proposition Overview L&G – An Insight into Underwriting L&G – Our Online Systems OLPC & EBAH Finally a Christmas webinar series taking place over 4 days from 1114 December, designed to help set advisers up for protection success in 2024. Each webinar focuses on a different theme, covering families, mortgage and business protection. It wouldn't be a Christmas special without a few festive name spins too. Full details and registration below: Jingle Learn - a Christmas Special