Mortgage and Insurance Blog

Date - 03rd March 2021

Written by Richard Johnson


Hello again readers, 

I hope you are all keeping safe and well and If you need any assistance with your mortgage finance or insurance needs, please feel free to email / call me and I will be happy to help.

It has been a busy week or so in the interest rate world, with Santander, Leeds, HSBC, Accord, Nat West, Halifax, Nottingham, Tipton & Coseley, Platform, AIB and TSB all announcing changes.


In criteria news, Clydesdale is cutting its maximum loan-to-income multiple to 4.49x for self-employed borrowers. Halifax introduced similar restrictions in January. Clydesdale’s changes apply to all cases where one or more applicants is a sole trader, part of a limited partnership or director of a limited company. 

Platform has reduced the LTV its maximum income multiplier can be considered for from 75 per cent LTV to 70 per cent LTV meaning that any applicant requiring over 70% - and those using Help to Buy will have borrowing capped at 4.49x their income. 

Vida has made changes to its minimum mortgage loan size.

Ipswich have made changes to their self - build criteria with the maximum loan size has increased from £750k to £1m and also stated that Shared access is now permitted on cases (relevant rights of access must be in place prior to application and subject to valuer comments).


In wider news, Annual house price rebounded from 6.4 per cent in January to 6.9 per cent in February, the latest figures from Nationwide reveal. The average house price reached £231,061, the highest figure on record. Month-on-month prices increased by 0.7 per cent, more than erasing the 0.2 per cent dip in January. 

And in a related story, net mortgage borrowing hit £5.2bn this January, says the Bank of England, slightly down on the £5.3bn recorded in December 2020. This “robust” performance, as the BoE puts it, comes as 99,000 house purchases were approved in January at a value of £21.7bn, which compares to 102,800 at a value of £22.2bn the month previous. The previous six month average currently runs at 91,900 approvals with a value of £19.3bn.


In insurance news, many clients will have more faith in a diagnosis or course of treatment if more than one medical professional comes to that same conclusion independently of each other. That is why the second medical opinion services that some insurers offer on their protection plans are valuable to clients and that is one of the areas we look at when recommending plans to clients. The most popular service offered by our insurers come via Best Doctors, Square Health and Red Arc. 

So, if you are looking at organising cover please feel free to give me a call and I’ll be happy to arrange the cover for you, and I’ll make sure we look at all the “add on benefits” that may be of use to you.


I hope you found this post of interest and feel free to get in touch with me if you need any help with your mortgage or insurance needs,


All the very best,



Richard Johnson

Cert CII (MP), CeCM, AdvCemap, CeRGI

Mortgage and Insurance Consultant.

Mobile Phone ; 07881802962

Office : 0208 245 8464 direct dial

Email :




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