Just an Update 13th November 2023

Just an update Monday 13th November

This week's headlines: More than just a Moustache: The Importance of Movember Movember takes places every November, starting on the 1st and running through to the 30th. The charity ‘Movember’ began by raising awareness for prostate and testicular cancer, but quickly expanded into mental health and suicide prevention.

It is an international charity event, where men across the world grow moustaches during the month of November to raise money and awareness of mental and physical health issues . This also coincides with Men’s Health Awareness Month and International Men's Day, falling on 19th November. During this important month we wanted to remind you of the support you have, for you and your family: The Individual Assistance Programme The Individual Assistance Programme has a range of support tools to support you, from relationship counselling, legal support, to divorce and separation advice.

Reach out to them if you need to. They can be contacted 24 hrs a day on 0800 917 6470.

A new app to support you The Individual Assistance Programme also have a new App! Previously known as ‘My Healthy Advantage’ this is now ‘Wisdom’. This can be found in your phones app store.

The link below is a reminder of what the individual assistance programme offers and how to access that support.

Visit HERE

Join One Savings bank for an exclusive Webinar on reading Self Employed Accounts!

One savings bank is delighted to offer all Just Mortgages brokers an exclusive, informative webinar, on how they interpret and assess Self Employed Accounts.Hear how from a lenders perspective income calculations and decisions are made based on the information provided.

Date: Friday 1st December Time: 11:00am (45 minutes) When it is time simply click on the link HERE

HealthWise just got smarter!

As well as the existing member benefits that come with their cover with The Exeter, your clients can now benefit from: Unlimited Remote GP appointments for your clients and members of their immediate family One annual health MOT per year for policyholders No in-app charges for referrals, fit notes or prescriptions Repeat private and NHS prescriptions within HealthWise.

The new benefits are available to new and existing members of The Exeter, and accessing any of the benefits available on HealthWise won’t affect policy details or premiums. You can find out more about the new services in The Exeter’s guide and please do share with your clients. HealthWise is provided by Square Health.

Find out more about how The Exeter and Healthwise can support your clients

Attention Business Protection Sellers!

L&G’s calculators to help your business protection conversations When discussing protection with business clients, L&G want to provide you with the tools to make the conversation relevant to each client. Take a look at a selection of their calculators below to help personalise protection to each business and make sure they are fully protected Relevant Life Plan calculator: This calculator shows the potential saving your client could make when paying for their life cover through a Relevant Life Plan compared to a non-Relevant Life Plan. Including the effects dividends can have.

Find out more Business Valuation Calculator: This calculator shows the potential amount of cover required based on the potential value of the business and how to split it among the owners.

Find out more Key Person Calculator: This calculator shows the potential amount of cover required for the business to insure itself against the financial loss as a result of the death or critical illness of a key person.

Find out more And don’t forget, next week L&G are hosting a range of webinars to support your understanding of their products as well as useful research and insight to aid conversations with your clients. They are also CII accredited which can count towards structured CPD contributions.

Find out more and register

Vitality’s Serious Illness Cover - designed to stay in place for as long as possible With advancements in modern medicine, people are much more likely to survive a serious illness than they were 40 years ago. However, as a result, they’re also more likely to suffer a recurrence or secondary illness. Because of this – paired with the difficultly of obtaining new cover after having suffered a critical illness – the need for longevity of cover is more important than ever.

Vitality’s Serious Illness Cover (SIC) is designed to stay in place for as long as possible – giving your clients the ability to claim more than once on the same plan, until their cover amount ends. In fact, the Vitality Claims and Benefits Report 2023 shows that in 2022, 1 in 12 of Life claims made were for Vitality members who had claimed previously.

Explore Vitality SIC

Coventry’s latest report in to The First Time Buyer Economy is live Building on the success of its 2022 report, Coventry Building Society surveyed a further 1,000 first-time buyers (FTBs) to gain valuable insights into the financial journey they face when purchasing their first home, whilst also drawing on last year's results to understand any changes in behaviour.

In this report, Coventry: Investigate why the role of a broker is crucial in assisting aspiring homeowners Delve deeper into the current challenges faced by FTBs Explore what lies ahead for this vital segment of the UK housing market Download the report

Gen H announces third notable rate reduction in 9 working days Gen H has announced further rate reductions of up to 26 bps. This is the lender’s third set of rate reductions in 9 working days. The most recent cuts are between 17 and 26 bps across their 2-, 3- and 5-year products.

The new rates are already live and are fulfilling the fintech lender's commitment to continuing to pass on rate reductions whenever and however possible. With the Bank of England holding the base rate steady last week, Gen H were able to move quickly and price down accordingly.

Highlights from the latest round of rate cuts: 2- year rates reduced by up to 17 bps 3- year rates reduced by up to 26 bps 5- year rates reduced by up to 23 bps Gen H launched into the market in 2020 creating a unique product offering to help unlock homeownership for more aspiring buyers.

Their features since then have supported thousands of buyers, and has continued to help those affordability and deposit constraints.

Their income booster feature tackles the challenge of affordability, and the lender’s unique ability to extend the mortgage term beyond their maximum lending age has provided a revolutionary solution to the challenges of a Joint borrower Sole Proprietor mortgage.

Find out more