Data Protection Insert
Instructions for uploading to your
Smartr Platform:
Pleasenote-ifyouworkunderaprincipal, theywillneedtodothis,otherwisethis appliestoeveryone.
Settings>Acknowledgements>Choose File>SelectOpenworkDataProtection" fortheType>EntertheVersion>Click "CreateAcknowledgement". ThenyoujustneedtoClick"Expire"for theoldversion.
HostedbyourdedicatedSystemTrainerScarlett
McKenzie,It’stimetogetaheadofthegameandbook yourselfsomesystemswebinarsinOctober!
Don’tforget!Thesegetbookedveryquickly,sojumpon andbookassoonasyoucantoavoiddisappointment.
Note: If you book and then are unable to attend please go over to My Learning Space and cancel your place so others can have it. You do always receive a reminder one day ahead of the event.
Client Portal
Bringanewlevelofprofessionalismtoyourservicesasan AdviserbyusingtheSmartr365Portal Cutdownontime enteringdata,andupthetimespentonqualityadvice.This webinarwilltakeyouthroughthebasicsofhowtousethe clientportal,fromboththeperspectiveoftheAdviserandthe client.
Tasks, Notes and Workflows
Areyoustrugglingwithmanagingyourtasks?Doyouknow whatisgoingonwithallyourcasesandwhenclientsneedtobe contacted?Iftheanswerisno,oryouwouldliketomovefroma paperdiarysystemtomanagingonyourCRM,thenthisisthe workshopforyou!Thiswebinarwilltakeyouthroughthebasics ofhowtousetasks,notes,andworkflowssoyouareableto easilybeontopofclientcommunication.
Smartr Connect
Thiswebinarwilltakeyouthroughthebasicsofhowtoaccess SmartrConnect,theLenderswhichareavailabletoyou,and howtopushdatathroughtothem.
Mon13Oct13:00
Tue14Oct10.00
Tue21Oct13:00
Thurs23Oct10:00
Mon13Oct14:30
Tue14Oct13:30 Tue14Oct15:00
Tue21Oct11:30
Thurs23Oct13:00
Tue21Oct10:00
Thurs23Oct11:30
WorldMentalHealthDay- 20Minutes,Lasting
Support–BookNow
Beingself-employedcomeswithfreedom, flexibilityandthechancetoshapeyourown success.Butitcanalsocomewith somethingelse,theweightofresponsibility Whenyouarerunningyourownbusinessitis easytofeellikeeverythingrestsonyour shoulders,andthatcansometimesfeellike youarecarryingitalone.
Thatiswhy,forWorldMentalHealthDaythis week,weareshiningalightonthesupport thatisalwaysavailabletoyouthroughyour WellbeingAssistanceProgramme.
To mark the day, we have put together short 20-minute sessions, with our partners Health Assured, giving you an overview of:
Whoourproviderisandtheservicestheydeliver Counsellingoptionsandhowtoaccessthem Legalandfinancialsupportavailabletoyou Whathappenswhenyoupickupthephonetocall Examplesoftheissuestheycanhelpwith,fromeverydayworriestobigger challenges
Eachsessionalsoincludestimeforquestions,soyoucanwalkawaywithclarityon whatisavailable,howtoaccessit,andhowitcanmakearealdifference.
Becausehereisthetruth,beingself-employeddoesnotmeanbeingonyour own.TheWellbeingAssistanceProgrammeistheretomakesureyouhave somewheretoturn,whetheritisforpracticaladvice,emotionalsupportor simplyalisteningear.
Onadaydedicatedtoraisingawarenessaroundmentalhealth,wewantto remindyouthatsupportisnotonlyavailablebutencouraged.Havingsomeone inyourcornercanmakeallthedifference,andtheWellbeingAssistance Programmeisheretodojustthat.
Takethetimetojoinasessionbyclickingbelow,itcouldbethemost valuable20minutesyougiveyourself.
14th Oct - Session 1 - 12:00 - 13:20 14 Oct – Session 2 - 14:00 – 14:20 th 16 Oct – Session 1 - 10:00 - 10:20 th 16 Oct – Session 2 - 12:00 - 12:20 th
Afterasuccessfulpilotofits‘FirstStep’ mortgageearlierthismonth,Newcastle BuildingSocietyislaunchingFirstSteptoall ofitskeypartners,fromFriday3October.
What is First Step?
FirstStep(upto98%LTV)isalowerdepositmortgage helpingyourclientsgetintotheirfirsthomefaster.
First-timebuyersonly.Incaseswherethereismore thanoneapplicant,atleastoneoftheapplicantsmust beafirst-timebuyer
TheminimumLTVis95.01%andthemaximumis 98%
Theminimumpropertyvalueis£101,000.
Theminimumloanamountis£96,000
Theminimumdepositis2%or£5,000;whicheveris thehigherandmustcomefromownresources
Gifted,loanedordepositsprovidedbyathirdparty willnotbeaccepted
Availableforpurchaseapplicationsonly.
Newbuildpropertiesarenotacceptable
Themaximumloansizeis£350,000.
Theminimumtermis5yearswithamaximumof35 years.
Repaymentbasisonly
Notavailabletonon-EEAnationals.EEAnationals musthavesettledstatusorindefiniteleavetoremain Noexceptionspermitted.
Portabilityoptionavailablehowever,noadditional borrowingwillbepermittedabove95%LTV. Thismortgagecannotbecombinedwithother mortgageproductse.g.JMSP,SharedOwnershipetc.
PropertyLTVrestrictionswillstillapplye.g.max75% LTVforex-localauthority,95%convertedflats.
Barclaysarepleasedtoshareanumberofpolicyenhancements,allinareaswhereyou toldthemtheycouldimproveoutcomesforyouandyourclients.
Now accepting 100% of customer’s Profit After Tax (PAT)
WewillnowacceptfullPATinouraffordability assessments,unlockinghigherborrowingpowerfor manyofyourself-employedclients.
Wehavealsoreducedtheminimumloanthreshold forPATacceptanceto£700k WhenusingPAT income,pleaseensurethisisenteredintherelevant PATfieldwithinourapplicationsystem Seeourfull PATpolicyhere.
Greater flexibility for interest-only borrowing
Forinterestonlyapplicationswherethereisatleast£500k inequity,themaximumLTVwheretherepaymentvehicle issaleofpropertyisnow75%.
Thiswillallowmoretailoredborrowingsolutionsforyour clients.SeeBarclaysfullinterest-onlypolicyhere.
Increased maximum loans for buy to let (BTL)
BarclayshavealsoannouncedincreasestotheirmaximumloansforBTLs:
Newbuildproperties:Maximumloansizeincreasedfrom£500kto£550kat60%–75%LTV
Flats:Maximumloansizeincreasedfrom£500kto£550kat70%–75%LTV. Seedetailsonmaximumloanshere.
*We can consider lending up to age 80 on joint applications, where affordability is assessed on the younger applicant’s income. Aldermore | Helping you do more for your clients with
Aldermore have made changes to maximum age
Lendingnowavailabletocustomersuptoage75*
Previousage70capremovedforapplicationswithcustomersaged55andover Applicationswithcustomersaged55+aresubjecttoamaximum85%LTV
Concessionary purchase mortgage
Helpingclientsbuybelowmarketvalue.Here’severythingbrokersneedtoknow aboutconcessionarypurchasesincludingfamilysales,landlordtotenantcases,key criteria,documentationandhowAldermorecansupportyou.
A flexible, future focused way of helping First Time Buyers
ScottishBuildingSociety’sGuarantorMortgageisdesignedtohelpborrowers whomaynotearnasufficientsalaryorhaveabigenoughdeposittobuytheirfirst home.
UnlikeJointBorrowerSoleProprietorproducts,ScottishBuildingSociety’s Guarantorsolutiondoesn'tcomewithlifelongstringsattached.
Guarantorsprovidealimitedliabilitywhichcanbeunwoundwhentheprimary applicantisabletoaffordthemortgageintheirownright.
Ifyou'dliketocontactoneofScottishBuildingSociety’sBDMteam,youcanfind theirdetails:
With Scottish Building Society, the property must be located in Scotland and England as far South as OX postcode.
WhychooseScottishBuildingSocietyforGuarantorMortgages?
Rapidlygrowinghousepricesmeanfirsttimebuyersarestrugglingtokeeppace withthemarket.ScottishBuildingSociety’ssolutionboostsbuyingpower. Parentsoftenwanttohelpbutarekeentolimittheirliability.
ScottishBuildingSocietycansplitthetermtohelpshapethepaymentstothe client’srequirements.
ScottishBuildingSociety’sflexibleapproachtounderwritingmeansitwill considerindividualcircumstances.
Important Paymentshield Mortgage Protection (ASU) Update
FollowingtheannouncementthatPaymentshieldreintroducedtheUnemployment CoverwithintheirAccidentandSicknessproducton2ndJune,Paymentshieldhave notifiedusthattheyarecurrentlyreviewingtheirpositiontoincludeProduct TransferswithinoneoftheeligibleMortgagetransactions.
WhilstthisreviewtakesplacePaymentshieldare unabletoofferMortgageProtection(ASU)to anynewclientsforProductTransfers.Wewill provideanupdateonthispositiononcethishas beenclarifiedbyPaymentshield
Housepricesrebound:UKhousepricesrose0.5%inSeptember,markinga recoveryfromAugust’s0.1%dip,puttingyear-on-yeargrowthat~2.2%.
InternalMPCdissentoverratecuts:SwatiDhingra,aBankofEngland MonetaryPolicyCommitteemember,renewedcallsforfasterinterestrate cuts,arguinginflationpressureswereeasingandmonetarypolicyshould respond.
Ratecutslagamidinflationcaution:DespiteDhingra’sviews,markets remaincautious—expectationsforfurtherBoEcutshaveslowed,as inflationandeconomicuncertaintyweighonpolicymakers.
Mixedlenderbehaviour:Whilemanylendersheldratessteadyorevenhiked selectmortgagedealsinlateSeptember,some–notablyHSBC–made selectiveratereductions,buckingbroadertrends.
