Just an update Monday 8th April

Just an update

Monday 8th April

This week's headlines:

Join our Facebook Forum!

Hear about all things Just Mortgages on your very own Facebook Group and gain the opportunity to chat and network with your Broker peers!

This isn’t about selling JM services to you (you already know how wonderful we are!) this is all about the broker community and only important Just Mortgages messages will be posted!

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….

Joining is easy, simply visit https://www.facebook.com/groups/294705703440195/ or point your phone at the QR Code.

Attending the Lender Fayre?

All you need to know!

We can’t wait to welcome you to our Lender Fayre this coming Wednesday (10th) Our conference app contains essential information about the day and you can visit it HERE or use our QR Code

Here are the key points that are essential to you:

Where can I park?

You must park in South 6 Car Park to avail of 24hrs of free parking

Does my parking need to be validated?

Yes, to avail of 24hrs of free parking (from time of arrival) you will need to get your parking ticket validated once you arrive at the Vox. We will assist you with this when you register on arrival.

What time should I arrive?

The day will commence at 10am prompt in the main auditorium. We would ask you arrive by 9:30am to ensure adequate time is allowed to register and collect your wristband.

What time does the day event finish?

The day will finish at approximately 5:15pm

Do I need to book for the conference breakout rooms?

Yes, this is essential! To book simply click visit our booking site, you will need your My learning space username and password (if you don’t have please alert your supervisor). Visit HERE to book.

I will be given a wristband upon arrival, what happens if I lose my wristband?

Without your wristband, you will not be able to re-enter the venue.

Please speak to your manager in the first instance for a replacement. Wristbands must be worn at all times during the Lenders Fayre.

Are there Refreshments during the day?

You will be welcomed into the venue with Tea and Coffee stations. We will also be providing further refreshments in the afternoon. A Grab and Go lunch will also be provided. Water stations are also available to you at any time.

Accommodation FAQ's

For those who have booked our “with contribution” Hotel, The Arden, Just Mortgages will be providing a complimentary shuttle bus service to and from the Vox and The Arden in the evening. First shuttle bus is at 6:15pm

Cancellation is 5pm the day prior (9th April). If a cancellation is made after this time, the £50 will be charged.

Successful booking at The Arden Hotel also includes Breakfast, free parking and access to the Leisure facilities at the hotel.

What time does the evening event commence?

A drinks reception awaits you at 7:00pm

Is there a Cloakroom?

A free cloakroom is available at the venue

Is there a Dress Code?

Smart Casual during the day, as smart as you like at night.

Smoking?

Smoking is not permitted in the venue, There is a designated Smoking area outside of the building clearly marked.

IMPORTANT: Beyond Wills to close

We currently have a Strategic partnership with Beyond the online Will company, offering Free Wills to our clients through Great Ormond St Hospital charity.

While this has been a great success, generating over £750,000 in bequests to GOSH and thousands of pounds raised for Magic Moments, Beyond has been sold and their new owners are closing the company.

Beyond will therefore no longer accept Will referrals after 18th April.

In the meantime, we have been in discussions with Co-Op Will service, who are looking to offer a Free Legal Review to all clients, which includes looking at Wills, Lasting Power of Attorneys etc. Any sales that come from Referrals will result in payment to the Referring Adviser.

While we are in early stages of our discussions, we would hope to have a Referral process in place by the end of May. We will keep you informed of our progress in this regard.

Join HSBC UK’s Intermediary Risk webinars

In addition, HSBC will be running its CPD approved Introduction to Mortgage Fraud webinar. Whether you were unable to attend a previous session, or you would simply like a refresh, please join HSBC.

CPD approved Mortgage Fraud prevention: New for 2024, this webinar will take a deep dive into Lender Intelligence, managing difficult conversations and documentation fraud, whilst also covering brand new case studies that have recently been submitted to HSBC UK.

CPD approved Introduction to Mortgage Fraud:

Continuing from 2023, HSBC’s Intermediary Fraud team will be covering Mortgage Fraud, the latest industry trends, intelligence sharing and best practices, whilst also working through some reallife case studies.

How to register

To register for one of the webinars, please use the below link to view the dates and enter your details:

Intermediary Risk Q2 CPD Webinars. Once confirmed, please save the invitation to your calendar. Attendees must register and attend individually to receive their CPD certificate for the webinar. These details will then be used to issue your CPD certificate. All webinars will last approximately 45 minutes. The Intermediary Risk Team at HSBC look forward to seeing you.

Metro Bank offers flexible Joint

Borrower Sole Proprietor solutions

JBSP continues to be a popular solution for parents helping their children onto the property ladder, or for couples going through a separation. Metro Bank’s most recent enhancements could help you assist more of your customers in today’s challenging market. Here’s the latest case study from Metro Bank.

Meet James

James, currently renting a flat with his friend Ross, is eager to transition to homeownership. He recently established his own business which means at this stage, has no accounts or means to prove his income. Ross has a full-time job and accumulated savings and is keen to continue living with James and support him get on the property ladder.

And how Metro Bank can help…

Following Metro Bank’s recent enhancements, the Joint Borrower, Sole Proprietor mortgage would allow James and Ross to be listed on the mortgage, with only James’ name appearing on the property deeds. Metro Bank will accept deposits from both parties and allow them to reside in the property.

Residential Core Range JBSP highlights

NEW – Spouses and non-relatives are accepted as joint borrowers

Joint borrowers now permitted to reside in the subject property

NEW – Joint borrower can now gift a deposit and reside in the subject property – updated Gifted Deposit Form to be used. Up to 95% LTV on houses and flats, purchase only (90% LTV for new build)

Up to four applicants on the mortgage, with a minimum of one applicant on the property deeds

Income can be accepted from up to 4 applicants, at full income multiples, subject to affordability

Maximum age 80 considered (mortgage term based on the oldest applicant at the end of the term)

Repayment, interest only and part and part options available (maximum LTVs apply)

For full details, please refer to Metro Bank’s Mortgage Lending Criteria Guide and Product Guides.

Deposit Mortgage - helping FTBs buy their first home, faster

Accord Mortgages announced at the end of March its new and innovative £5K Deposit Mortgage. This unique product is designed to help your first time buyer (FTB) clients purchase their first home faster with just a £5K deposit and is available for LTVs over 95%, up to a max of 99%.

Accord understands that raising a deposit is a key challenge for many wanting to step onto the property ladder for the first time, and Accord is committed to supporting you to help more FTBs open the door to their first home.

Who’s it for?

At least one applicant must be a first time buyer (defined as never having owned a property in the past) and no background properties on the application

Applicants with a minimum £5k deposit

Applications that achieve the higher credit score required for lending above 95% LTV

What else do you need to know?

5 Year Fixed Rate product

Maximum age of 70 at the end of the mortgage term

Available for LTVs between 95.01% LTV and 99% LTV

Available for house purchases above £100K up to £500K

Minimum loan above £95k

Maximum loan £495K

Maximum LTI 4.49

Only available for Capital & Interest

Available for new house purchase business only

Subject to affordability, criteria and credit score

Excludes:

Purchases of flats, new builds and properties in Northern Ireland

Not available for applications where any applicant does not have permanent right to reside in the UK

Not available for Joint Borrower Sole Proprietor, Cascade Score or Boost LTI