Just an update Monday 29th January

Just an update Monday 22nd January

This week's headlines: Our 2024 Lenders Fayre is coming Please keep an eye on your in-box today as you will be receiving your formal invitation to our Annual Conference for 2024 which this year will be on Wednesday 10th April 2024.

Once again at the fabulous Vox in Birmingham (part of the NEC) the event will be our best yet!

What to expect on the Day: Hear about Just Mortgages plans and initiatives Lender Village (over 40 providers) Breakout educational sessions with providers Keynote speeches (spread throughout the day) Lunch & Refreshments

And at night: Drinks Reception 3 Course Gala Dinner Entertainment Advisor Awards And lots more!

Take a look at our Preview video HERE We have listened to feedback and completely revamped the Hotel Booking process for those that will want to stay over!

Details are all in the invitation.

Our Conference web app launches today with full details of the event including booking those all-important breakout group sessions. Visit HERE Or scan the QR code below

Early RSVP is recommended!

ICYMI: Join our NEW Facebook Group!

We are very pleased to confirm that our closed Facebook group is going live on the 1st February; entitled Just Mortgages Self Employed Advisors Forum!

Any Advisor or Administrator with Just Mortgages can from join today in readiness for our “Go Live” from 1st February! Simply visit the link HERE (note you would need to join from your personal Facebook page) or search on Facebook for “Just Mortgages Self Employed Advisors Forum” Reasons to join: Have fun on the page!

Opportunity for you to engage with other like minded self employed brokers Improve communication from JMSE to you Celebrate work anniversaries & other achievements Promote Educational and training initiatives Promote well-being And lots more….

Virgin Money has liberated its LTIs The interest-only cap has been removed, so the repayment method doesn't feature in Virgin’s LTIs anymore. That’s good for your clients, because it means more will get the loan amounts they need – and it’s good for you, because it could mean you’re able to help more clients.

This comes hot on the heels of changes Virgin Money made in 2023, all aimed at improving your customers’ affordability outcomes.

Here’s the new loan-to-income policy.

Purchase or remortgage with additional borrowing: • Income under £50,000 – 4.49x • Income £50,000 to £74,999 – 5x • Income of £75,000 or more – 5.5x Max 4.49x LTI, whatever the income, if any of the following apply: • Over 85% LTV • Any applicant is self-employed (not including contractors meeting our contractor policy) • Shared ownership Remortgage with no additional borrowing: • Up to 85% LTV – 5.5x • Over 85% LTV – 4.49x Just so you know, when a customer is remortgaging with no additional borrowing, their income and self-employment don’t affect LTI limits.

For more detailed info, head to Virgin Money’s full lending policy.

MPowered Mortgages updates Foreign National Criteria Foreign National applicants can now benefit from the following enhanced criteria changes across all Mpowered Mortgages products: • Foreign national applicants can apply up to 90% Loan-to-value where customers have resided in the country for over 2 years.

• MPowered now accept foreign nationals with less than 2 years residency – up to maximum Loan-to-value of 75%.

• Time left on visa – no minimum time left remaining on visa requirements.

For more details, speak to your local Mpowered BDM BDM Finder | Intermediaries | MPowered Mortgages or visit Mortgages for Intermediaries | MPowered Mortgages

Bank of Ireland increases Product Transfer Procuration Fee and read their recent case studies Bank of Ireland has increased its procuration fee on product transfers and further advances from 0.25% to 0.30%. Find out more about this and other improvements.

Metro Bank launches 95% LTV residential products Metro Bank has enhanced its Residential and Buy to Let Ranges including the launch of a new range of 95% LTV products. Take a look at the Product Guides.

Protection Proposition Webinars Whether you are a new advisor looking to get up to speed on each providers proposition or an experienced advisor wanting to stay up to date, these 30 minute bite size webinars are for you!

Simply click on the link for the session you wish to attend (those marked with an “R” require pre-registration): Wednesday 31st January 9:00am Zurich 10:00am iPipeline 11:00am The Exeter 12:00pm Usay Compare 2:00pm LV 3:00pm Guardian

HERE HERE HERE HERE HERE HERE

R R R

Lifestyle Equity Release products from LV= available to Openwork advisers For advisers with Equity Release permissions only.

LV= launched their Lifestyle product range late last year, which was designed with flexibility in mind, to support your clients’ choice and confidence in achieving their later life goals.

We are pleased to confirm that these products are now available to Just Mortgages Equity Release licenced advisors.

Key features include: • Inheritance Protection option • 11% ERC-free repayment allowance each year • No ERCs after 8 years • Exclusive to LV=, a Drawdown ERC charging period based on the completion date of the original loan Click here to Find out more and for an At a glance view of Drawdown Lifestyle and Lump Sum Lifestyle and for current interest rates you can use the LV= Equity Release Calculators LV= are hosting a webinar on the Lifestyle product range using Zoom. To join, add a meeting to your diary, copy and paste the "Link to join Zoom" and then on the day login using the Meeting ID and Password.

• 31st January – 10am (30mins duration) Link to join Zoom Meeting ID: 726 643 7171 Passcode: Chris2255 Sourcing for Lifestyle is available through the Air Sourcing platform.