Just an update
Monday 30 March. This week's headlines: th
THANK YOU... JUST MORTGAGES NEWS
Fewmarketcommentatorscouldhaveforeseentheimpactthatrecent eventsintheMiddleEastwouldhaveontheUKmortgagemarketoverthe lastcoupleofweeks.Swaprateshavenotbeenthisvolatilesincethe pandemicandweareonceagainseeinglenderswithdrawproductswithlittle ornonotice,alongsidesignificantrateincreasesandinsomecases,products notbeingreplacedatall.
Theimpactofthissitssquarelywithyou,ourMortgage&Protection Advisors.
Wewanttotakeamomenttosaythankyou.Youaredoinganoutstandingjob inwhataregenuinelychallengingconditionsandwewantyoutoknowthat wearefullybehindyou. Periodslikethiswillpass.
Ifyouarefeelingthepressure,pleaserememberthatsupportisavailable.You cancontactHealthAssured,ourconfidentialWellbeingAssistance Programme,bycalling08009176470,24hoursaday,7daysaweek,tospeak withatrainedprofessional.
PRINCIPALITY INTRODUCE NEW INCOME BOOSTS FOR YOUR CLIENTS
New: Income boosts:
Universalcredit
.Weacceptuniversalcreditat100%
.Atleast1applicantmusthaveanearnedincome
.Wewillacceptthestandardallowanceandchild’sallowanceIncluding childcarecosts(ifapplicable)
We will not accept:
.Theseuniversalcreditelements–housing,healthcosts,energysavings homeimprovementsorprisonvisits;and
.Ifthebenefitincomeisinjointnames(withtheotherpersonnotonthe mortgageapplicationorisanon-borrowingoccupier)
Child benefits
.Weaccept100%ofchildbenefits
.Thiscanonlybeconsideredalongsideamaximumincomeof£60,000 .ADepartmentofWork&Pensions(DWP)childbenefitletterisrequired alongsideincomeevidence
Zero hours contractors
We require:
.Aminimumof12months’consistentincomeandcontinuous employmentwiththesameemployer;andIncomeevidenceincludingthe last2P60documents,last3months’payslipsandmostrecentbank statements.
TML SEE THE LEND, NOT THE LIMITATIONS.
Affordabilitypressuresarereshapingthemortgagemarket andborrowersarefeelingit.
RecentresearchbyTheMortgageLender(TML)fromtheir HomeA-Loanreportshowstheaverageadultisnow£224 worseoffeachmonth,risingto£262forexistingmortgage holders.It’snosurprisemanyarehavingtorethinktheir options.
Contractors,freelancersandself-employedprofessionals continuetoprovethemselvesashighlyreliableborrowers.In fact,TMLresearchshowsthat79%ofself-employed borrowershavenevermissedamortgagepayment,compared withjust49%oftraditionalfull-timeemployees.
Still backing the self-made & the side-hustlers
Insteadofrelyingonoutdatedpayrollassumptions,TML considerprofitbeforetaxandrealearningpower,recognising incomeasit’sactuallygenerated.Byvaluingrealbehaviour, realincomeandrealambition,TMLhelpmoreoftheself-made moveforwardwithconfidence
The
Mortgage Lender’s residential mortgage offering is designed to see the whole picture:
Up to 5.5x LTI
Up to 95% LTV residential mortgages
Profit before tax plus salary for limited company directors, giving a greater capacity to lend
Latest year’s figures for self-employed
Contractors considered with just three months’ history (income up to a max weekly rate × 48)
Additional income considered – including benefits, maintenance and second jobs
HSBC | DON'T GIVE MORTGAGE
FRAUD A CHANCE
FollowingthesuccessofitsQ1Fraudwebinars,HSBCisexcitedto announceitiscontinuingtheseforQ2.
TheseCPDaccreditedsessionswillgiveyoupracticalinsightsintothe latestfraudtrends,helpyourecognisesuspiciousmortgage applications,interpretCIFASalerts,andspotkeyredflags.HSBCwill alsocoveremergingrisks,sharestrategiestoprotectyourclientsand guideyouonkeepingyourbusinesssecureandcompliant.
It’sagreatchancetosharpenyourfraudpreventionskillsandboost yourconfidenceintacklingfinancialcrime.Don’tmissout!
How to register (all last 45 minutes)
Simply clickonyourpreferredoptionbelowandenteryourdetails:
Monday 20th April – 1:00pm
Tuesday 12th May – 09:30am
Friday 19th June – 12:00pm
Onceconfirmed,pleasesavetheinvitationtoyourcalendar.
Please note, you must register and attend the webinar individually to receive your CPD certificate.
PROTECTION & GI NEWS
Fromtomorrow(31March2026)Axawillbewithdrawingfrom Paymentshield’sLandlord’sInsurancepanelduetoachangeinrisk appetite.Untilthatdate,Axawillhonourallnewbusiness applications.
PleaseensurethatanyPaymentshieldLandlord’sInsurance quoteswhereAxaaretheinsureraresubmittedwithastartdate onorbefore31March2026.
Inpreparationfortheirwithdrawal,allAxaquoteswillhavea reducedquotevalidityperiodwhichwillexpireonthe31March, comparedtotheusual60or90dayperiod.
Further information
IfyouneedanysupportorhaveaquestionaboutAxa’s withdrawal,simplycontactourteamusingthelinkbelowandyour BusinessDevelopmentManagerwillbeintouch: www.paymentshield.co.uk/advisers/contact-us
Thepastweekhasdeliveredasharpandnotableshiftinmarketsentiment, onethatyouwillbeacutelyawareofwithyourconversations.
Atamacrolevel,thedominantdriverremainsgeopolitical.Escalating tensionsintheMiddleEasthavepushedoilpricesabove$100,reigniting inflationconcernsandforcingarapidrepricingofinterestrate expectations.UKswaprateshavereactedaccordingly(seebelowfora trackeronSwaps)andlendershavemovedquicklytoprotectmargins.
AfterarelativelyoptimisticstarttoMarch,we’veseenadecisivereversal. AverageUKmortgagerateshaveclimbedbacktoc.5.4%–5.5%,withtwoandfive-yearfixesrisingintandem. Morenotably,liquidityhastightened.ProvidersincludingClydesdaleBank, FleetMortgages,CoventryBuildingSocietyandFamilyBuildingSociety havewithdrawnproducts,somepullingentirefixed-raterangesfromthe market. Thisisacriticalsignal:lendersarenotjustrepricing,theyaresteppingback toreassessrisk.Foryou,thisreinforcestheneedtomanagepipelinerisk andsetrealisticexpectationswithyourclientsaroundproductlongevity.
DespitetheBankofEnglandholdingbaserateat3.75%,mortgagerates havecontinuedtorise,underliningtheforward-lookingnatureoflender pricing.Marketsarenowpricinginpotentialratehikeslaterin2026,a materialshiftfromtherate-cutnarrativeseenjustweeksago.
Thepracticalimpactisnowhittingborrowers.Mediaexamplessuggest remortgaginghouseholdsfacingincreasesof£600+permonthasultra-low fixeddealsrolloff. Thiscreatesaclearopportunityforyoubutalsoaduty toproactivelyengageyourclientsearly.
Swap’scontinuetobevolatile,howeverhavesettledslightlyinthe lastfewdays,albeitsome0.2-0.4bpshigherthanaweekprior.
