Mortgage and Insurance Blog

Date - 15th December 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 in the interest rate world with Foundation, Santander, Coventry, Progressive, Danske, Furness, Nottingham, Nat West, Virgin, Clydesdale, and Zephyr all announcing recent changes.


In criteria news, Aldermore announce a tightening of criteria by confirming they no longer accept any buy to let property with an EPC rating of F or G. Buy to let properties must have an EPC of E or above or a registered exemption certificate. In addition, they advise that flats in blocks that are above restaurants, takeaways and public houses are no longer acceptable for lending

West Bromwich announce they potentially can use a projection to assist in a self - employed borrower application.

Barclays will no longer accept a property located next to a commercial class A3 (food and drink) establishment. 

TSB announce they are increasing their maximum LTV for self-employed and day rate contractors.



In wider news, good news for new flat buyers as the Leasehold Reform Bill, which looks to restrict ground rents on newly created long residential leases to one peppercorn per year, has passed through the Commons unopposed. It must now undergo further examination by MPs before it can be passed into law. “The Bill will make home ownership fairer and more transparent for future generations of leaseholders,” said Eddie Hughes, who is the under-secretary of state for rough sleeping and housing, to the House of Commons.



In Insurance news, more good news on successful insurance claims with MetLife UK recording pay outs of nearly £50 million during third quarter this year across its individual protection, group life and group income protection lines.

The provider stated individual protection claims totalled 4,025 during the period, it's second-highest quarterly volume, with pays out totalling £3.4m. This brought the total volume of individual claims paid out in the first three quarters of 2021 to 12,000, just below the total volume of 14,000 last year.

MetLife's employee benefits group life business paid out £38.75m across 378 claims during the period, its joint second highest ever volume of claims paid - behind Q2 2021 which was driven by a "significant increase in Covid-19 related" deaths.

Meanwhile, £4.9m was paid out on 1,390 group income protection claims during third quarter, with MetLife recording an increase in new claims caused by Long Covid and mental ill-health, with a related rise in early intervention support on these claims.

If you need help looking into the wordings and definitions of a new plan, please feel free to get in touch and I’ll be happy to help arrange the new cover.


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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