Justanupdate
Monday30thSeptember
Thisweek'sheadlines:
IMPORTANT: Please reply to your training invitation
We would like to thank the overwhelming majority of you that have already responded to our training invitation, well over 400 of you in fact! Unfortunately, there are still some 50+ brokers yet to do so.
For those yet to do so, it is now imperative you help us to help you, by replying urgently. This is also impacting your fellow advisors who have indicated to us that a back up date is required.
You should, except for the most extreme of circumstances, accept the proposed date and venue given to you. These venues will be as close to your home address as possible. 1.
Should you be unable to attend (mindful of point 2) you will be allocated a “back up date” please have in mind that these back up dates will likely be towards the end of the training roll out and the venue may not be close to your home address. 1.
Should you not be able to attend the “back up date” a third and final “mop up” date will be provided. As there will be smaller numbers of Advisers attending mop ups, venues are likely to be in central locations across the country and additional travelling time will be likely. Please have in mind that this will be your final opportunity to attend the mandatory training. If you do not attend a training session you will not be able to submit business. Openwork will be closing OWS for new business once these mop up sessions are finished.
Refer an Advisor – Earn £1000!
Do you know someone who could be our next Self-Employed Advisor to join Just Mortgages?
As a Self-Employed broker you will appreciate the importance of referrals.
We are looking for great candidates to join Just Mortgages! Whether they are currently employed or self-employed. So, if you have friends, family or simply someone you know who may be interested in a no obligation discussion, please refer them to us.
As thanks, you will be paid £1000 (£500 paid upon authorisation, further £500 after 6 months). There is no limit to how many candidates you can refer!
Simply point your phones camera at the QR code below and complete a one minute form to refer to us, or click on the following link HERE
ICYMI: Royal London Webinar Tuesday 8th October
To assist in building further knowledge of Royal London, we are pleased to confirm an exclusive Just Mortgages Webinar has been arranged where you will learn: What to expect from a Royal London partnership. Overview and welcome to Royal London. A look to the future and support on offer.
A calendar invite was forwarded to you last week, but please find the Teams Link below when it is time.
We would strongly recommend you attend if you are able!
11:00am Tuesday 8th October – 40 Minutes
Join HERE
Register for Kensington’s ‘Expert Insights' webinar on 15th October at 10am.
Join Eloise Hall, Head of Intermediary accounts, who will be joined by Kensington’s CFO, Simon Betteridge and they will provide a comprehensive market overview followed by an exclusive interview with Robert Sinclair, CEO of AMI, sharing his unfiltered views and opinions as he nears his retirement.
Secure your spot and earn 45 minutes of CPD – spaces are limited Regis
Nationwide enhance FTB Income Multiples
Affordability is an issue for many first time buyers. This is why Nationwide developed Helping Hand, which may give your eligible clients the option of borrowing a higher loan amount when taking a 5 or 10 year fixed rate product. And first time buyers could borrow up to 33% more with income multiples now available up to 6 x income.
Eligibility Criteria:
All applicants must be first time buyers
5 and 10 year fixed rates available at all LTV tiers up to 95% Minimum income of £30k sole applicant, £50k for joint applicants. All income sources (except self-employed income) can be included.
The maximum lending limits depend on the application. See their NEW LTV and maximum loan size criteria. These have also been increased.
Nationwide won’t accept applications with the following:
Self-employed income for either applicant
In conjunction with any scheme or non-standard ownership type (for example Deposit Unlock, First Homes, Shared Ownership, Genuine Bargain Price, Right to Buy and Help to Buy) Interest Only
For more information on Nationwide’s Helping Hand Scheme visit HERE
Metro Bank widens employment and income criteria
Metro Bank has enhanced its employment and income criteria following broker feedback. They will now accept:
Court order Child Maintenance Payments
Foster income
Will consider less than six months employment history if the result o career break or parental leave.
Pepper announce criteria improvement for Selfemployed clients
Pepper Money have launched a significant improvement to their self-employed policy by introducing the ability to use net-profit retained within the business as part of their affordability calculation.
Under the new criteria, we will allow brokers to use the net profit within our affordability calculation, where earned during the most recent tax year for majority shareholders in a business.
Pepper Money will use the net profit in line with the customer’s share of the business. So, for example, a customer having 60% share of the business, they would allow 60% of the net profit. Where joint applicants have a shareholding of 100%, they will allow 100% of the net profit to be taken.
Visit HERE for more inform on Pepper Money Criteria.
