Justanupdate
Monday16thJune.Thisweek'sheadlines:
Smartr365 / Concert Hub Integration Improvements Timeline
Further to our communication on the 29 May, as promised, we can now provide greater detail on the timing of the improvement works. th
Summary:
Work is underway and will be completed in 3 week “Sprint” blocks – Sprint 1 is due for live release 23 June. Sprint 2 on the 14 July and so on
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3 Sprints are scheduled to be required to complete the work over a 9 week period, however a 4 Sprint is in the plan as contingency th
The net result of the works will be a significant reduction in the number of fields you are required to complete when visiting Concert Hub
Document Upload work is being completed in parallel to the sprint work as is expected to be delivered by Sprint 2 release
A full-time team of I.T engineers are working at speed to bring all the improvement work in as early a sprint as possible
Further detail around the timeline can be found HERE,
Skipton Building Socie Lending Policy Chang
With immediate effect Skipton Building Society for Intermediaries will be making the following changes to Lending Policy:
The following Loan To Income (LTI) limits will apply to residential applications:
The following revised Rental Calculations will apply to BTL applications:
Portfolio Landlords/Higher rate taxpayers
Less than 5-year fixed rate product selected – 145% @ the higher of; product rate +2% or 5.5%
5-year fixed rate product or more selected – 145% @ the higher of; product rate +1% or 5.5%
Standard rate taxpayers
Less than 5-year fixed rate product selected – 125% @ the higher of; product rate +2% or 5.5%
5-year fixed rate product or more selected – 125% @ the higher of; product rate +1% or 5.5%
Like for Like Remortgage (regardless of Tax Status and/or product term selected)
(excludes CBTL and LTB)
125% @ the higher of; product rate +1% or 5.5%
BTL Additional Borrowing (irrespective of product term selected)
Here’s some news that’ll have you saying ‘yes!’. We’ve improved access to our Underwriters for your large loan enquiries. You can now call our experts directly with any enquiries for loans of £500k or more.
Direct Underwriter Access for Large Loans: We know that loans over £500k are not always straightforward and sometimes they require a little bit more attention from both you and us.
How can we help? Larger loans can be more complex and sometimes you need to speak to an underwriter before you submit a case to confirm that we can help you and your client. We love figuring out ways to say ‘yes’ to more of your clients, which is why we’ve improved our large loan line minimum loan size from £750k to £500k.
Dedicated to flexibility: Our underwriters recognise that no two customers are alike. They take a good look at your customer’s real life situation and go from there. That means they may be able to help in cases such as:
·Where non-standard income is required (such as investment income).
·Self-employed applicants where there may have been one-off extraordinary costs.
·When a higher than standard percentage of variable income is needed.
So, your customer can secure a mortgage from a lender they know and trust. If you have an enquiry for a loan of £500k or more, you can discuss your case with one of our expert underwriters. Speaking to an underwriter is quick and easy with upfront decisions so you know where you stand.
Simply call our team on 0113 224 1369 between 9.00am –5.00pm Monday to Friday. Any questions? If you’ve got
These sessions are perfect for everyone, from new advisers wanting to understand each provider’s proposition to more experienced advisers looking to keep their knowledge up to date. Each session is just 30 minutes long and qualifies for CPD (Self-serve via insight).
As well as all our protection panel providers, we have sessions from:
iPipeline covering how to get the best from Solution Builder
Paymentshield covering their GI proposition
Cura looking at how they can help with clients with adverse risks
Usay Compare exploring opportunities in the PMI market and how they can help and
Coop Legal Services explaining their proposition and how they can help clients, starting with a free legal review.
Tuesday 24 June
Aviva: 24 June 9am (registration required)
Vitality: 24 June 10am (registration required)
MetLife: 24 June 11am
Paymentshield: 24 June 1pm
Legal & General: 24 June 2pm (registration required)
Personal Protection Presenter Demonstration: 24 June
3pm (registration required)
Cura: 24 June 4pm
Wednesday 25 June
Zurich: 25 June 9am
iPipeline Solution Builder: 25 June 10am (registration required)
The Exeter: 25 June 11am
Usay Compare: 25 June 12pm
Royal London: 25 June 1pm
LV=: 25 June 2pm (registration required)
Guardian: 25 June 3pm
Coop Legal Services: 25 June 4pm
