October 2018 Newsletter Business

SO A SUMMARY OF SOME OF THE EMAILS THAT HAVE PASSED ACROSS MY DESK OVER (JUST) THE LAST WEEK..!

INSURANCE & PROTECTION

Legal & General – details of a free feature provided by them on their newer life products

Aviva amendments to their Income Protection and Life & Critical Illness products

Aegon Scottish Equitable & Zurich newsletters

‘Source’ about their commercial general insurance offerings (they also offer standard household cover too)


COMMERCIAL & BRIDGING

Commercial Finance –  ‘commercial finance doesn’t need to be complex’…

Several Bridging lenders/brokers touting for business, Buildloan about self-build and development finance


RESIDENTIAL LENDING

Marsden – ‘Older Borrower mortgage range’

Brilliant…’can assist in helping you afford your dream home if you only have 5% saved and potentially have Default and CCJ’s, current DMPs, No Fee products all Communication defaults ignored’

Skipton – new online retention process…brokers now able to amend mortgage term and repayment method as well as arrange a rate switch for existing customers not moving home

Hinckley and Rugby giving examples of how they help less straight forward cases

Monmouthshire, Cambridge with criteria changes. Halifax with a change to surveyors used

A raft of emails from lenders asking for brokers to vote in the upcoming Mortgage Awards

Mortgage clubs giving news on industry changes and broker exclusive rates through them


RATE CHANGES

Coventry with lower rates and product changes, same too for Precise, Skipton, Kensington, Barclays, Virgin Money, Scottish Widows and Halifax

Accord who are a broker exclusive lender so rates are only available via brokers– Residential rates going down…launching two new deals…incentives changing


BUY TO LET LENDING

Arranging BTL mortgages for older landlords – normally maximum age at end of term 75, some lenders will lend to age 80, 85 or 89 but also several lenders have NO maximum age!


LENDING TO THE SELF EMPLOYED

One High Street Lender – for self-employed clients lending is based on common sense, which could help you borrow more…as they will use more income AND the latest years figures rather than an average of the last 2 years


MISC & REGULATORY

Emails from the FSB. Also Treasury sanctions, the FCA and Association of Mortgage Intermediaries with regulatory updates, The Ombudsman, and HMO regulatory changes…

Nationwide Economic Update – ‘not much change in house price growth, supply in demand and supply about the same, expect the economy to remain fairly subdued but overall house prices to increase by about 1% over 2018 overall…’

Above is one week in quick summary (I actually condensed it massively!)…the industry, both mortgage and insurance is always moving in terms of criteria, pricing and administration.

This is where a good broker can guide you in every respect through the process whether you are moving home or simply looking for a new mortgage deal. We shop around so that you don’t have to, we aim to save you time and money in the process of acting for you.

Our knowledge has been built up over the last 29 years (OMG that makes me feel old) and we have experience in every aspect of moving home and mortgaging – Sharon and I have both worked in, or had close links to banks, estate agents, financial services.

We can also help with arranging a solicitor, wills and finding a surveyor too.

The door is always open, don’t think because you are tied into a mortgage scheme (and have early repayment charges) that we cannot help. In fact, you are better off calling us than the existing lender. At worst you will be porting over the existing deal but in the process you will have had better advice than the bank themselves would have given, a better overview of your options (should something else be more appropriate we would let you know), we can have helped you through the process of applying (again better than the lender themselves would have) and generally not charged you a fee for doing so (as the bank or building society would have paid us!).

Calling us really is a ‘win win’ scenario – we save you time, we shop around, we guide you through the lender criteria and we give you the benefit of our knowledge dealing with solicitors and estate agents too. Plus, we are not some large faceless organisation (where you talk to someone different each time you ring), we are a local husband and wife team with an immense amount of experience between us.

We will look forward to hearing from you…a 5 minute chat is only a few ‘taps’ away.

Please call me on 07710 770969 or 01442 252040 or 01525 877650

or email advice@sbms-online.co.uk to discuss your situation.

Stuart Brown

ADDITIONAL LINKS BELOW

BANK OF ENGLAND BASE RATE INCREASE

On 2 August 2018, the Bank of England raised the base rate for only the second time in a decade. The rate has risen by a quarter of a percent, from 0.5% to 0.75% – the highest level since March 2009.read more about it on our website here

Stuart Brown – Bank of England Base Rate Increase

GENERAL DATA PROTECTION REVIEW – GDPR

You may have heard that data protection laws changed on 25th May 2018…it would be hard not to know about GDPR with us all being bombarded by notices from all and sundry giving details of their new Privacy Statements and Data Collection and processing policies.  This is part of the reason I haven’t sent a newsletter until now, I figured I’d allow the email servers to cool down before sending one out….More info is here

Stuart Brown – GDPR

THE NEW STORIES SECTION OF OUR WEBSITE HAS OTHER POSTS PERIODICALLY

Stuart Brown – News Stories

TESTIMONIALS SECTION IS HERE TOO (WE HAVE BEEN FOCUSING ON THIS OVER THE LAST FEW MONTHS)

Stuart Brown – Testimonials

Our aim is to look after you long term, helping you make the right decisions with your finances. We thrive on recommendations from past and present clients with no outside advertising (except the referrals and repeat customers we receive).

We are always happy to receive feedback about how we can help better and testimonials if you would like to provide one.

with a Facebook link is here (then go to ‘reviews’ on the left…)

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up the repayments on your mortgage.

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