Mortgage and Insurance Blog

Date - 28th September 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 this week Scottish BS, Leek, Hinkley & Rugby, CHL, Furness, Leeds, Barclays, HSBC, Santander, and Kensington have all announced changes.

Many lenders now are offering their lowest ever mortgage rates and there are many lenders with sub 1% for 2 -5 years.

 

In criteria news, Metro, HSBC, Mansfield, BMS, Masthaven, The Mortgage Lender and Santander all announce changes to their self-employed borrower policy.

Masthaven announce that additional earnings, such as bonuses and overtime are now included in affordability. Bank statements are no longer required for all self-employed and buy-to-let cases, although the bank adds these may be needed in certain instances.

Nottingham and Stafford make changes to their BTL criteria.

 

In wider news, the Treasury has collected £12.3bn in stamp duty receipts from the beginning of the tax holiday last July up to August 2021, according to HMRC data.

Specialist lender Together has announced the pricing of its first ever residential mortgage-backed securitisation (RMBS) consisting only of first-charge loans, to support the business’s future growth ambitions.

The £318m facility is supported by a portfolio of owner-occupied and buy-to-let residential mortgages, secured against properties in England, Wales and Scotland.

The 24th of September marked the 25th anniversary of the inception of buy-to-let mortgages, which were officially launched as a finance product in 1996.

 

In Insurance news, Aviva has updated its underwriting questions on Covid-19 and mental health for individual protection applications.

Arc will underwrite the Home Emergency and Legal Expenses cover for all Paymentshield’s Home and Landlord’s Insurance new business. 

Over a third of people (39%) are more likely to buy protection insurance as a result of their experience during the pandemic, research from Hymans Robertson has revealed.

 

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 : richard@rjmortgagefinance.co.uk

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.

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 : richard@rjmortgagefinance.co.uk

 

 

 

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