Mortgage and Insurance Blog

Date - 17th February 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, Ipswich, Halifax, West One, BMS, Leeds, TSB, Furness, Nottingham, TML and State Bank of India all announcing changes.


In criteria news, Kent Reliance announces a few changes – including for Solar Panels, length of lease, flats above shops and multi until property.

Digital Bank also announce several changes to items such as age of applicant, arrears, minimum UK address history and IVA’s. 

HSBC make changes to their income multiples for those in the £30-50k range and TSB tighten rules relating to Limited Company Directors (salary and share of net profit after Corporation tax).

Several lenders have made changes to their interest only policy which means the option of interest only residential payments could be open to more borrowers.


In wider news, and in positive news for some specialist lenders, a show of strength comes from the capital markets with Keystone Property Finance completing its first-ever securitisation, worth £400m. The securitisation with Hops Hill No.1 PLC was originated under a forward flow agreement between Keystone and UK Mortgages Limited, a listed investment company managed by TwentyFour Asset Management. The arrangement is the first to include an element of pre-funding, allowing a portion to be used on loans currently in the pipeline, since the start of the coronavirus crisis.

Shawbrook Bank has acquired Scotland-based The Mortgage Lender for an undisclosed sum, expanding its market share in the residential and buy-to-let markets. The deal provides TML with balance sheet funding for its existing specialist, intermediary-only mortgages alongside the ability to expand its product range in the future. Shawbrook, which took a minority share in the Glasgow business in 2018, has confirmed that the TML brand will be retained.


In insurance news, Lv – make a few changes and have now removed the requirement for automatic medical telephone interviews which won't be replaced with additional evidence requirements., they have significantly increased their limits for obtaining paramedical screening reports and cotinine levels for your clients up to age 41 and 47-51 (next birthday) and they now expect that 70% of cases will be accepted without the need for further evidence.

They also announced some figures regarding use of their remote GP services with a 57% increase in LV= Doctor Services app downloads. This led to an 88% uplift in usage of the 24/7 Remote GP service. Of those requests 98% of appointments were offered within 2 hours of request and 93% of prescriptions fulfilled within 1 hour of Remote GP appointment (100% within 3 hours) and finally, 100% of Remote GP appointments took place within 10 minutes of booked appointment time.

This just re-affirms why when we make a recommendation to you for an insurance plan, one of the areas we look at is the add-on services the plan offers – like GP services, second opinion options and many others.


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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