Mortgage and Insurance Blog

Date - 10th 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 TSB, Zephyr, HSBC, Leeds, Post Office, Principality, LendInvest and Virgin have all announced recent changes.


In criteria news, TSB has returned to 90 per cent loan to value (LTV) lending for self-employed borrowers and increased the amount of bonus, overtime and commission income that can be used to support the application.

Hinckley & Rugby Building Society has relaunched its Joint Borrower Sole Proprietor (JBSP) mortgage with a loan-to-value of 90%.

The Loughborough have announced changes to a range of areas, including Visa, bonus, steel construction and minimum time at current home rules.


 In wider news, The Royal Institute of Chartered Surveyors (RICS) has issued guidance on which residential buildings need an EWS1 form to clarify they do not have unsafe cladding. The ‘valuation of properties in multi-storey, multi-occupancy residential buildings with cladding’ guidance was consulted on by lenders, valuers and fire safety experts for two months. the recommendations are set to be implemented by 5 April.

If you need further information, please contact me and I’ll be happy to email you the recent announcement document.


Details from UK Finance show that the number of mortgages taken out for residential home purchases soared by 31 per cent in December compared to the same month last year, as buyers rushed to beat the expected stamp duty increase in March. The figures show that in the final quarter of 2020, loans for residential purchases reached their highest level for 13 years at 220,750, which was also 18 per cent higher than the same period in 2019, when there were 186,790.

HSBC has surpassed Barclays as the fifth largest lender in the UK following its latest financial results.

Over 2020, HSBC completed £24bn of new mortgage lending, a 14% rise on 2019, which equated to a £3bn increase in monitory terms. This is in contrast to the overall mortgage market, which reduced by 10%, equating to £241bn over 2020.By the end of last year, HSBC had a 10.3% market share, up from 8.1% in 2019.  In addition, the bank noted that 60% of its lending was completed by advisers and its new originations had a 70% LTV on average.


In Insurance news, Insurers are taking advantage of remote working and social distancing policies to increase their market share of critical illness policies, according to new data. GlobalData's 2020 UK Insurance Consumer Survey shows that during 2020, insurers increased their market share of policy sales to 42.4%, up from 34.1% the year prior. At the same time, the banking channel has seen its share drop from 18.2% in 2019 to 11.3% last year, while brokers' market share remained relatively consistent, decreasing marginally from 33.1% to 32% year-on-year.

Daniel Pearce, insurance analyst at GlobalData, commented that the banking channel has seen its share decrease due to a reliance on selling policies through physical branches, which have been severely restricted during 2020 due to social distancing rules during the pandemic.


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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