Reminder: December & Early January Payment Schedule Friday 19 December th
ThisisthelastBAC’spaymentbefore Christmasandwillincludeallmonies receivedandreconciledupto Wednesday17 December.Paymentwill landinadvisorsaccountsonMonday 22 December th nd
Wednesday 7 January th
ThefirstpaymentrunafterChristmas. Thiswillincludeallmoniesreceivedup toandincludingWednesday31
December.Paymentwilllandinadvisors accountsonFriday9 January st th
Friday 16 January th
Returnstoourregularweekly schedule.Thiswillincludeall moniesreceiveduptoandincluding Thursday1 January-Wednesday 14 Januaryinclusive.Paymentwill landinadvisorsaccountson Tuesday20 January st th th
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HelloDecember.Somehowitstillfeels surprisingyou’rehere,eventhough we’veallwatchedyoucreepingcloser onthecalendarforweeks.
It’sthattimeofyearwhererunningyour businesscanfeelliketryingtowrap presentswithSellotapewhenyoucan’t findtheend.Fiddly,relentlessandabit comicalifweweren’tsobusy.
Oneminuteyou’repushingcompletions overtheline,fieldingclientcalls, jugglingyearenddeadlinesandalready thinkingaheadto2026.Thenext minuteyou’resqueezinginschool nativities,festivecatchupsandtrying topickaSecretSantagiftthatwon’t offend,allwhileunwrappingonethat absolutelydoes.
Soyes,thismonthcanfeelfullon.
Overthepastfewweeks,onetheme hascroppedupagainandagain.Not burnout.Notoverwhelm.Justthatend ofyeartirednessthatcomesfrom constantlyturningup,keepingthe platesspinningandfindingitnearly impossibletoswitchoff.
Whichiswhy,forDecember,we’re keepingthingssimple. WelcometoTistheSeasonofReset. Nobigtasks.Noextrapressure.No tryingtocrammorein.
Justsmall,realisticwaystopause, breathe,resetandprotectyourenergy duringthebusiestmonthoftheyear.
AcrossDecemberwe’llshareshort, simpleweeklytipsthatyoucandip inandoutofwheneveryouneed them.Nothingheavy.Nothingto addtoyouralreadylongtodolist. Justsmallreminderstohelpyou staygroundedandlookafter yourself.
Whetherit’sspottingthesignsthat yourbatteryisdipping,findingtiny momentstoresetorheadinginto thenewyearwithalittlemore clarityandalittlelessnoise,thisis abouthelpingyoufeelabitmore likeyourself.
Takewhathelps.Leavewhat doesn’t.Protecttheenergyyou’ve gotbecauseitmattersmorethan youthink.
TistheSeasonofReset
Mortgage News Client who wants a little breathing room? SKIP to Delayed Start mortgages Skipton’srecentresearchfound that68%*ofaspiringfirst-time buyerssayit'slikelythatgettinga deposittogethertobuytheirfirst homewillwipeouttheirsavings–leavingthemwithoutafinancial cushionforemergencies.
ButwithSkipton’sDelayedStart mortgages,yourclientcouldgive themselvessomemuchneeded financialbreathingroom:
Nomortgagerepaymentsaredue forthefirstthreemonthsafter completion,butinterestdoes accruefromdayone.
Atleastoneapplicantmustbea first-timebuyer.
CanbeusedwithIncomeBooster (JBSP)andonNewBuild applications.
Upto10%overpaymentallowance oftheoriginalloanamountperyear. Subjecttoeligibilityandlendingcriteria.
To find out more about Skipton’s Delayed Start mortgages, visit the link below or check out Skkipton’s recent case study.
SKIP to Delayed Start Pepper Money releases Specialist Lending Study PepperMoneyhasissuedtheninth editionofitsSpecialistLending Study.PepperMoneysurveyed over4,000UKadultstogaina detailedpictureofhowpeople acrosstheUKarethinkingand feelingabouttheirfinancialfutures, whilehighlightingopportunitiesfor theindustry.
Thisyear’sfindingsrevealthat16.6 millionUKadults(30%)have experiencedadversecreditatsome pointintheirlives.That’supfrom 15.3millionlastyear,markingthe highestfiguretodate.
Notably,9.26millionUKadults (17%)havefacedadversecredit withinthelastthreeyears, underscoringtheongoingimpactof thecost-of-livingcrisisandtighter householdbudgets.Ofthose,8.21 millionhavemissedacredit payment.Thesecustomersmaybe turnedawaybyhighstreetlenders.
Throughout,Peppernoticedoneclear takeaway,theimportantrolethat mortgageadvisersandspecialistlenders playinhelpingthenationnavigatean increasinglycomplexlending environment.
PepperMoneyunderstandunsecured creditblipsincludingarrears,can happen.Peppertypicallydon’tpenalise yourclientsfurtherthroughincreasing theirrateorchangingproducttier.Here areafewofthereasonstousePepper Money:
Peppertypicallydonotcreditscore Moreflexibilityonacceptable incomestreams
CCJsandDefaultscanbeaccepted Capitalraisingcanbeuptoourmax LTVs
Nopainstakingpaperwork
Directaccesstounderwriters.
Lesstime-consumingprocess Humanapproachtounderwritingon allcases
What’s new? Withimmediateeffectwewillbe changingourlendingpolicyby increasingthemaximumageatthe endoftermforourBuytoLetand LettoBuycustomersfrom80 yearsoldto99yearsold.
Thischangeinpolicyistosupport newandexistinglandlordswho wishtocontinuetomanagetheir BTLpropertiesandportfolioslater intotheirretirement.
Key information Themaximumageatthepointof applicationwillremainthesamewhere theeldestcustomermustsubmitthe applicationbeforetheir75thbirthday.
•Maximumtermwillremainat40years atapplication.
•Newmaximumagepolicyappliesto PersonalNamedandLtdCompany mortgages.
•ForProductTransferapplicationsthe existingtermcanbeamendedupuntil theeldestapplicant’s99 birthday th
•ForFurtherAdvanceapplicationsthe newborrowingtermcanbeselectedup untiltheeldestapplicant’s99 birthday th
TSB changes to universal credit and 5yr affordability TSBhavemadetwopositivechanges thisweektohowtheytreatUniversal Creditand5yrstresstestaffordability.
1.TSB now accept the following forms of Universal Credit payments: StandardAllowance DisabilityElement ChildElement. These are keyed under ‘Other Income’ and evidenced with: Latest3consecutivemonths UniversalCreditpayment statements And Last3monthscorresponding bankstatements.
AsUniversalCreditpaymentscan varyfrommonthtomonth,TSB havemadeiteasiertoensurethe correctamountiskeyedforyour clientswithourtheirnewUniversal CreditCalculatoronourwebsite.
2.TSB introduce a 5-year stress rate of interest for new Residential applications. Whereyourclients’needsarefor 5-year+fixedproducts,astress rateof6.25%interestwillbe applied*. Formoreinformation,pleasevisit theAffordabilitypageontheir website.
Protection & GI News EXCLUSIVE: L&G Informative Webinars IncollaborationwithL&G,aseriesofExclusiveWebinarshavebeenarrangedfor youtoexpandyourknowledgeandskills.Wehighlyrecommendyouattend! Simplyclickontherelevantlinkandcompleteashortregistration.Anemail confirmationinvitewillthenfollow.
A total of 4 webinar topics are available, with choices of times and will cover:
BeyondtheMortgage–howtoelevateyour protectionadvice(2parts)
CriticalIllnessforLife–practicalskillsand objectiontechniques
IncomeProtection–protectthelifestyle, learnvaluabletipsandtechniquesincluding FamilyIncomeBenefit
Part 1: Beyond the mortgage –
Elevating your protection advice
When?
Part 2: Beyond the mortgage –
Elevating your protection advice
When?
Monday15 December10amor 2pm
th What?
Enhancingyourprocess.This2-part workshopisdesignedtohelp mortgageadviserselevatetheir protectionadvicebyenhancingtheir processandsharpeningtheirskills.
InPart1,you’llexplorehowtobuild protectionintoyourmortgage process,demonstrateyourvalueas theirtrustedadviser,andenhance yourconversationstodrivebetter clientoutcomes. Packedwith practicalideasandproven techniques,thissessionwillshow youhowtomakeyourprocessmore efficient,moreimpactfulandmore profitable
Link to regis
10am: 2pm:
Tuesday16thDecember10amor2pm
What? you’lldiscoverhowtounlockyour clients’aspirations,confidentlyexpand thediscussionbeyondthemortgage, andgainpracticalskillstoanticipateand overcomeobjections. Link
Critical illness - For life, interrupted Thissessionexploresthetrue financialimpactofacriticalillness, revealinghowcoverisusedinreallife toprotectclientswhentheyneedit themost.
You’lllearnhowtouncoveryour clients’goalsthroughbetter conversationsandtranslatethese intotailoredsolutionsthatsupport theirlong-termplansandfinancial security.
When?
Wednesday17 December10amor 2pm th
Leading with Income - Protecting the Lifestyle Thissessionexplorestheimpactand needofprotectingyourclient’sincome. Understandingthatincome replacementsolutionscanbean effectivesolutiontomaintainingyour lifestyle.
We’lllookatevolvingourmindsetto leadingwithincomeasthedrivingforce behindprotectionconversations. LookingathowbothIncomeProtection andFamilyIncomeProtectionwork togethertocreatebetterclient outcomes.
When? Thursday18
Paymentshield | Pudding Powered Christmas Game 2025!
ThePaymentshieldannualChristmas gameisback!
Paymentshieldarehopingtospread holidaycheerandcelebratebeingthe energybehindyourGIbusinesswith 2025’sgame‘PuddingPower’.
Ifyou’reupforthechallenge, Paymentshieldaregivingawayan incredibleprizeeveryweekdayfrom Monday1December,whenthegame goeslive,untilTuesday16 December.
Thisyear,Santa’sreindeershaverun amok,sohe’striallingabackupplan:a flyingbackpackpoweredby Christmaspuddings.Thesecret ingredient...brandyandafestive flame!It’snotgoingtobeallsmooth flying,besuretododgetherogue reindeersandmischievouselves whilstboostingyourbackpackwith puddingpower.Canyoukeepthe holidaycheeraliveinthisfast-paced, puddingfuelledadventure?
Tobeenteredintothedailyprize draw,youmusthelpSantadeliver25 ormorepresentstobeenteredinto thedailyprizedrawalongwithyour nameandemailaddress. Youcanplayasmanytimesasyou like,becausespreadingChristmas cheerisalwaysfun,butyougetone entrytotheprizedrawperday.
Toseethesleighloadoffantastic DAILYprizesandplaythegamehead overto paymentshieldpuddingpower.com. Letthefestivepuddingpowerfun begin!
To be eligible to enter the daily prize draw you must successfully between 00:01 and 23:59 (GMT) on the days the game is running and be a registered and active Paymentshield account. Participant entry is not dependent on business activity.
Full terms and conditions are available here and on the game site.
Budget2026:New“mansiontax”(High-ValueCouncilTaxSurcharge):From April2028,propertiesinEnglandworthover£2millionwillfaceanannual levy£2,500forpropertiesinthelowestband(£2m–£2.5m)risingupto £7,500forhomesabove£5M.
Budget2026:Highertaxonrental/propertyincome:Forlandlords(buy-tolet),theBudgetraisesthetaxburdenonrentalincome basic,higherand additionalratebandswillnowseehighereffectiverates.
Lenderscontinuetocutratesparticularlyforlow-depositborrowers. AccordingtoMoneyfacts,two-yearfixedratesat95%and90%LTVarenow attheirlowestlevelssincebeforethe2022mini-Budget.
Astrongincreaseinlow-depositdealswasreportedintheweek. Moneyfactsdatashowsdealcountsfor95%LTVmortgagesareattheir highestsince2008.
LatestquarterlydatafromUKFinanceshowhomeownerarrears (mortgages≥2.5%inarrears)fellto~84,100 a4%dropfromtheprevious quarter representingonly0.97%ofallhomeownermortgages.Buy-to-let arrearsalsodeclined.
However,repossessionsremainelevated:therewere1,390owner-occupied and900BTLrepossessionsinQ32025.Whilestillbelowlong-term averages,theyear-on-yearincrease(homeowner+51%)issignificant.
