Just an update
Monday 24th June
This week's headlines:
Co-op Legal Services go live 1st July!
As previewed in last week’s Just an Update, we are now delighted to confirm that Just Mortgages are partnering with Co-op Legal Services (CLS), one of the UK’s most experienced, regulated providers of wills and estate planning services.
From 1st July 2024, you can refer your clients to CLS for their free legal review service*. The free legal review service takes a holistic approach to addressing the needs of our clients to ensure they have the right legal solutions in place to protect their future and that of their loved ones.
*The free legal review service is only available in England or Wales, clients in Scotland and Northern Ireland will be referred to CLS relevant partners in those countries.
Why have we partnered with Co-op Legal Services?
We’ve chosen to partner with Co-op Legal Services for several reasons:
· They’re part of the Co-op Group and hold the same values of openness, honesty, social responsibility and caring for others at the forefront of the services they provide.
· They’re authorised and regulated by the Solicitors Regulation Authority (SRA), meaning your clients are afforded additional protection (which doesn’t come with the services of unregulated providers).
· Customers consistently rate their services as ‘excellent’ they have a 4.7/5 rating on Trustpilot.
What’s covered during the free legal review meeting?
During the meeting the estate planning specialist will:
· Work to understand your client’s circumstances and what’s important to them
· Review any existing estate planning and consider how effectively it meets their needs
· Discuss which type of will is right for your client and help them understand the benefits
· Explain how to make a will that’s Inheritance Tax-efficient (if relevant)
· Discuss how a trust will might provide greater protection for your client’s home and savings
· Explain how your client can retain control of their healthcare and finances, and protect their loved ones, in the event of accident or illness, by appointing attorneys
· If your clients decides to purchase a recommend service, they will be provided with a fixed fee quote.
The
Referrals will be made via Co-op Legal Services’ hub. You will be provided the link to this hub after the first training session has completed (see below dates).
You’ll need to provide just a few details about your client and then via the live calendar tool, you have the option to book an appointment at a time and date that’s convenient for your client.
CLS will provide transparent, fixed fee pricing, and all quotes are provided on a no obligation basis.
Benefits for you:
· Referring your clients for a free legal review will support you in meeting your Customer Duty obligations.
· Competitive commission rates (details to follow)
· Peace of mind that your client will receive excellent service from a well-known and trusted provider.
Next steps:
Ahead of the launch, CLS will host a training session to demonstrate the referral process, explain the services delivered to the client and to answer any questions you may have. Simply select a date below that works for you and when it is time, click on the “join the meeting now” link. We recommend you block out the time in your diaries now!
Session 1 – 26th June – 13.30 – 14.15
Join the meeting now
Meeting ID: 354 823 054 754
Passcode: eRNekh
Session 2 – 27th June – 10.00 – 10.45
Join the meeting now
Meeting ID: 331 468 661 166
Passcode: YTSXuQ
Mop Up Session - 3rd July. 12 – 12.45
Join the meeting now
Meeting ID: 384 302 769 388
Passcode: xea472
referral process is simple and easy:
Royal London to join Protection Panel from July 1st –
NEW Webinar
To find out more information there is the opportunity to join one of two webinars on either Monday 24th June 2-4pm or Friday 28th June 24pm. Simply click on one of buttons below to book in The webinars will cover:
• The benefits of mutuality
• Key elements of the Royal London Proposition
• Only for YOU – exclusive benefits just for you being part of Just Mortgages and Openwork
• Pre Sale Tools
• Application Process
• Dedicated Servicing and support
• How to register
We strongly recommend you attend to learn more about the proposition.
for 24 June
for 28 June
Register
Register
Sourcing Brain Training
Mortgage Brain have courses available throughout June and July, so don’t let this opportunity slip away, it’s too good to miss.
You can learn how to revolutionise your approach to mortgage sourcing like never before. Gain access to our panel of lenders and their extensive range of products, essential for brokers aiming to expand into new markets in 2024.
Utilise comparison tools to seamlessly research and contrast multiple lending scenarios side by side.
Leverage the browse function to provide clients with an indicative guide to costs and interest rates.
Master the art of filtering and setting personal preferences. Participate in a live Q&A session with Mortgage Brain’s expert team. The session dates for Mortgage Brain’s free Sourcing Brain Training are:
Tuesday 25th June at 14:30
Thursday 4th July at 14:30
Wednesday 10th July at 14:30
Tuesday 16th July at 14:30
Thursday 25th July at 14:30
Tuesday 30th July at 14:30
Sign up for Mortgage Brain’s training
Sales Process Update: Debt Consolidation
A change to the MCOB Suitable Advice Framework (SAF) mandates the completion of the Debt Consolidation Information Form. This brings together all the information requirements including a checklist of documents. You must upload the completed form with your submission. The SAF Debt Consolidation guidance has also been split into four key areas:
Considerations
and information can be found on
Consolidation Portal Page
Advice
Documentation Recording & Challenging Don’ts
Debt
All links
Openwork’s
Aviva Trust Webinars in June
Trusts can be complicated, but they don’t need to be. We are pleased to announce that Aviva will be running a webinar on Trusts in June with several date options to provide you a much greater understanding on:
• What is a trust
• What types of trusts are there
• When should a trust be set up
• Benefits of a trust
• Understand how to set up a trust with Aviva
Wednesday 26th of June 10.00 am REGISTER
Thursday 27th of June 10.00 am REGISTER
Friday 28th of June 10.00 am REGISTER
Sessions will last 45 minutes and the session will count as Structured CPD time!
Skipton’s product switch window has reduced from 6 to 3 months
Skipton made the decision in September 2022 to extend its product switch window, to allow customers to secure their next rate six months ahead of their deal ending, rather than three. Skipton did this due to the rising mortgage rates, increased inflation and surge in energy prices, and closely followed this action by signing up to the Mortgage Charter, where Skipton committed to support borrowers potentially facing into financial difficulties.
With the environment now stabilising and rates seemingly on a longer-term downward trajectory, securing a mortgage rate 6 months ahead of maturity is now less compelling for customers than before. So, from Wednesday 19 June, Skipton is reverting its product switch window back to 3 months. Skipton will continue to honour the 6 month switch window for customers who have already been contacted by them.
If you have any questions, please speak to your dedicated Skipton BDM or our Broker Support Team.
Chat to Skipton on Web Chat or call on 0345 601 6683.
Key Account Manager update at eConveyancer
Following a reorganization at eConveyancer, our account manager has changed. Please note the details below:
Jodie Babbage, Account Manager
Direct: 01844 265455
Tel: 01844 265444
ICYMI: Coffee with Compliance – Episodes 5,6 & 7
now available!
Good Morning Everyone and Welcome to the next episodes of our new seriesCoffee with Compliance!
Each week, we'll dive 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.
This series isn't just about sharing unknown facts; it's also about clearing up any confusion you might have.
So put the kettle on and let's brew some knowledge together!
Click on the Episode title to view:
Episode 5 – Introduction to SQS and why JM differ to Openwork with some standards
Episode 6 – Common fail trends for MCOB
Episode 7 - Common fail trends for ICOB