Just an update
Monday 13th May
This week's headlines:
eConveyancer instructions hit 1000+!
Our strategic partnership with eConveyancer reached a new landmark this week, hitting 1000+ instructions since the start of 2024!
eConveyancer’s Digital Move software is PROVEN to move your clients in quicker, with less hassle and more control to you as the Mortgage Broker
For your Remortgage clients, eConveyancer matches the cashback provided by the lender to the standard legal fees that your customer will need to remortgage their property!
If you are yet to try eConveyancer yet, or haven’t used them recently, see what your broker colleagues below are saying about the service and instruct your next case with them!
Aldermore Webinar – Exclusive to Just Mortgages!
Aldermore are providing Just Mortgages with an EXCLUSIVE webinar and will look at one of the industries’ current hot themes: Property Risk.
Date: May 22nd – 10:30am (45 minutes)
The session will look at:
The Valuation process (differences between physical, AVM and Desktop) and what valuers actually do on these/their purpose along with how lenders interact at this stage.
An overview of over expectations/down valuations
Differences between HMO, Hybrid, Multi-unit freehold, semicommercial
Hot Property Topics – Cladding, climate change and planning regulations
Q&A for you to ask any property risk related questions
New Policy Launch & Range overview
When it is time, simply click on the Teams Link HERE.
We will also forward a calendar invitation to you shortly.
Read
from Liz Yates, Head of Compliance about the rising tide of Mortgage Fraud
Liz Yates recently met up with the Financial Reporter, and discussed all things Mortgage Fraud, including what Just Mortgages do to “back” brokers if a lender contacts us or if the business proactively spot an issue.
Read the full article HERE
Didyouknowthatit‘sDementiaActionWeekthisweek?
DementiaActionWeekisanationaleventbetweenthe13th–19thMay thatseestheUKpublictakingactiontoimprovethelivesofpeople affectedbydementia.
WhatisDementia?
Theword'dementia'describesasetofsymptomsthatovertimecanaffect memory,problem-solving,languageandbehaviour.Alzheimer'sdiseaseis themostcommontypeofdementia.
Dementiaisagroupofsymptoms.It’scausedbydifferentdiseasesthat damagethebrain.Thesymptomsgetworseovertimeandinclude: memoryloss
confusionandneedinghelpwithdailytasks problemswithlanguageandunderstanding changesinbehaviour.
Dementiaisprogressive,whichmeanssymptomsmayberelativelymildat first,buttheygetworseovertime.Therearemanytypesofdementiabut Alzheimer’sdiseaseisthemostcommon.Thenextmostcommonis vasculardementia.
WhodoesDementiaaffect?
Peopleovertheageof65,1in14havedementia.
Forthoseovertheageof80,itis1in6.
Thereare70,800peoplelivingwithdementiaintheUKdeveloping symptomsbeforetheageof65.
Forfamilymembersandcaregivers,dementiacanbechallengingto manage,bothemotionallyandpractically.
DementiaSupportServices
FormoreeducationandsupportonDementia,wehaveamoduleonMy LearningSpacecalledUnderstandingDementia.Thisprovidesyouwitha deeperunderstandingofDementia,andthedifferenttypesofDementia. Youwilllearnaboutthevarioustreatments,howtomanagetherisksand whatsupportisoutthere.
PleaseclickonthelinkHEREtoaccess
The Nottingham for Intermediaries refreshes Foreign National criteria
The Nottingham for Intermediaries is helping you say ‘YES!’ to more foreign nationals by saying ‘NO!’ to restrictive criteria.
The Nottingham for Intermediaries know foreign nationals – especially those new to the UK – can struggle to get a mortgage and quite frankly, that’s not right. So, The Nottingham has launched an exciting new product range that simplifies borrowing for skilled workers from abroad* and will help you say ‘yes’ to more customers. As part of the proposition Nottingham has crafted a set of innovative criteria, including:
No minimum time of residency required in the UK – most lenders ask for a minimum of one year, often two
No minimum time remaining on visa – borrowers are often required to have at least one year remaining No minimum income needed
No UK credit history required – we’re able to access overseas credit files from 14 different countries thanks to an innovative partnership with a data provider
Up to 90% LTV (capped at 75% LTV if a suitable credit file cannot be sourced)
The new mortgage range also includes products for expats returning to the UK who are purchasing a main residence and for borrowers from abroad who have been granted indefinite right to remain.
You can see the full range on Nottingham’s rate card
Or find out more about The Nottingham’s foreign national and returning expat criteria
*The Nottingham’s foreign national mortgages will be available to borrowers entering the UK on a Skilled Worker Visa, Health and Social Care Worker Visa or Tier 2 Visa.
Kensington Launches mid-LTV Rates
Kensington are thrilled to announce a new range of products which fit into a Mid LTV range, designed to provide more solutions and options for customers. For example, Kensington now have an 82.5% LTV range, 87.5% LTV range and 92.5% LTV range.Included within this product launch for residential clients are no fee options and the ability to fix for either two or five years!
To view their current product range, please click HERE
The Exeter - Claims paid = Difference made
In total The Exeter paid over £40 million for claims received in 2023, with over £12m for life and income protection combined.
But to The Exeter, claims aren’t just numbers - with each claim they pay we make a difference.
During 2023 The Exeter made a difference for over 1,100 members and their families who claimed for income protection and life. These differences mean people can still pay their mortgage to keep their home or, for members like Marc, being able to re-train so he can return to work doing something new.
Take a closer look at the difference we’ve made to our members and see more of our 2023 claims stats.
“Coffee With Compliance”
- Episode 1: Second Jobs
Good Morning Everyone and Welcome to our new series - Coffee with Compliance!
We're excited to introduce this weekly rendezvous, where you can grab your favourite cup of coffee and join us for a 10-15 minute chat about all things Compliance.
This will be a regular series diving into the 'why's and wherefores' of Compliance, shedding light on aspects you may not be familiar with. We'll be featuring various members of our Compliance team, aiming to make you more acquainted with them and the rationale behind our rules and procedures.
To view click HERE
