Ash Borland, mortgage business coach at Ash Borland Consulting, explains why the best advisers understand that their role is to make sure the client sees the full picture from the start, not have half of it dropped on them at the end.
The buy-to-let refinancing market is already taking shape
John Goodall, CEO of Landbay, says advisers should look through existing client banks now, identify which landlord deals are coming towards maturity and begin those conversations early enough to consider the full range of available options, rather than allowing the mortgage expiry date to dictate the timetable.
Why a credit score alone is no longer enough
Matt Meecham, director at Check, says income, expenditure and other financial activity can be just as important as knowing what appears on a credit report.
Why commercial lenders back business plans, not just buildings
Conor McDermott, director of SME lending at LHV Bank, explains how two borrowers might be looking at very similar buildings, but if one has a clear strategy to improve the asset and the other doesn’t, they’re no longer asking a lender to support the same opportunity.
Atom increases LTI for prime and near prime products
Atom bank has improved affordability on its prime and near prime product ranges by increasing its loan-to-income (LTI) on loans up to 90% loan-to-value (LTV). The increase is designed to help borrowers with household incomes between £45,000 to £60,000, with the increase in LTI enabling…
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Gen H promotes Palmer and Dockar departs
Gen H has made three promotions to its senior team and announced the departure of its chief commercial officer Pete Dockar. Sara Palmer will become chief distribution officer, Richard Leivers chief lending officer and Andrew Mackie chief financial officer. Dockar is leaving at the end…
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Barclays launches fast-track remortgage service
Barclays will launch a Fast-Track Remortgage service on 7 September with the aim of making remortgaging “faster and more straightforward”. To use the service there must be up to two existing borrowers, borrowing up to 80% of the property’s value with no additional borrowing. The…
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‘Boomerang kids’ could cost their parents £17bn a year
Parents whose grown-up children have moved back to the family home could be paying an extra £17bn a year in living costs if they do not seek a contribution to rent or bills, Key Equity Release has found. New research by the later-life mortgage adviser…
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Hanley Economic launches shared ownership mortgages for foreign nationals
Hanley Economic Building Society has launched two five-year shared ownership mortgage products for foreign nationals living and working in the UK, with no minimum UK residency period. The new range consists of a five-year variable discount mortgage with an initial rate of 5.85%, representing a…
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BDLA adds Evolve as lender member
Evolve Lending Group has joined the Bridging & Development Lenders Association (BDLA) as a lender member. Evolve Lending Group is an independent, privately-funded secured lender operating in an exclusive joint venture partnership with Empowered Pensions Group. Evolve provides standalone first-charge bridging over £750,000, as well…
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