Just an update
Tuesday 7th April. This week's headlines:
E-CONVEYANCER JUST MORTGAGES NEWS
E-conveyancerwillbecarryingoutaplannedfullplatform disasterrecoverytestingonSaturday18Aprilbetweenthehours of8amto10pm.
Thisplannedtestisanimportantpartoftheirresilience programmeandisdesignedtovalidatetheirrecoveryprocesses.
DuringthetestingwindowaccesstoE-conveyancerserviceswill notbeavailable.Serviceswillberestoredassoonastestingand post-recoveryverificationhavebeencompleted.
EMBARGOED: UPDATE TO COVENTRY FOR INTERMEDIARIES’ TRANSFER OF EQUITY APPLICATION PROCESS
Please note: The following information is under embargo until its launch date currently scheduled for Wednesday 1 April 2026.
Coventryforintermediariesarewithdrawingtheirtransferofequity processforbrokers.
Thelenderhasbeenreviewingtheirexistingcustomerbrokerjourneysto identifyandimplementimprovements.Theyhavealreadysuccessfully migratedportingapplicationsontotheirneworiginationplatformandhave planstomovefurtheradvanceslaterthisyear.However,theyhavebeen unabletoidentifyawaytoimproveormodernisethetransferofequity process.
Thecurrentjourneyremainsmanual,timeconsumingand,basedon brokerfeedback,doesnotdeliverthelevelofexperienceCoventryfor intermediariesaimstoprovide.
Asnoprocurationfeeispaidontransferofequityapplications,and becauseCoventryforintermediariescannotenhancethisjourney,the decisionhasbeenmadetoremovebroker‑submittedtransferofequity applicationswitheffectfrom31March.
Brokerswillinsteadneedtodirectclientstosubmittheirtransferofequity applicationsdirectlywithCoventryBuildingSocietyorGodivaMortgages.
FOR INTERMEDIARY AND PROFESSIONAL FINANCIAL
ADVISORS
ONLY. NOT FOR CUSTOMER USE.
TRACK RECORD – A MORTGAGE PRODUCT BUILT DIFFERENT.
Alowtonodepositmortgagethatsaystoyourclients,iftheycan affordtorent,theycouldaffordtobuy?That’saproduct,built different.
Here’s what you need to know:
Upto100%LTVmortgagesforcurrentorrecentrenters,aged 21+,whohavepaidallrentfor12monthsinarow,withinthelast 18months,andwhohaven’townedapropertyintheUKinthelast 3years.
Depositoflessthan5%considered,evenifit’sgifted.
Maxterm40years.
MaxLTI4.49.
Monthlypaymentsupto120%ofcurrentrent(calculatedasa meanaverageoverthelast6months)insomecases.
Nowavailablewithadelayedstartfeature–yourclientscandelay mortgagerepaymentsforuptothefirstthreemonths(1,2or3 months–dependingontheproductchosen)aftercompletion. Interestwillaccruefromdayone.
Subject to eligibility and lending criteria.
We’realwayslookingtoenhanceandtweakourcriteriatohelpmoreof yourclientsontotheladder,soit’salwaysworthcheckingourcriteria pagesforupdates.
Ifyouhaveanyquestions,pleasespeaktoyourSkiptonBDMorvisit ourwebsite.
PROTECTION & GI NEWS
UPCOMING CHANGES TO PAYMENTSHIELD’S
From31March2026AxawillbewithdrawingfromPaymentshield’s Landlord’sInsurancepanelduetoachangeinriskappetite.Untilthat date,Axawillhonourallnewbusinessapplications.
PleaseensurethatanyPaymentshieldLandlord’sInsurancequotes whereAxaaretheinsureraresubmittedwithastartdateonorbefore 31March2026.
Inpreparationfortheirwithdrawal,allAxaquoteswillhaveareduced quotevalidityperiodwhichwillexpireonthe31March,comparedto theusual60or90dayperiod.
Arkel appointment
FromearlyMarch,ArkelwillbejoiningthePaymentshieldLandlord’s Insurancepanel. ThisappointmentwillfurtherenablePaymentshieldtowidenits footprinttosupportagreaterproportionoflandlordsincludingthose whoareoperatingaslimitedcompaniesandlandlordsrentingto students.
PaymentshieldareplanningtofurtherstrengthentheirLandlord’s Insurancepaneloverthecomingmonths,addingadditional capabilitiestoprovidingasmanylandlordsaspossiblewithaccessto qualityinsurancedesignedaroundtheirspecialistneeds.
PaymentshieldLandlord’sInsuranceisrated5starsbyDefaqto, meaningitprovidesahigh-leveloffeaturesandbenefitscompared toothersinthemarket.
Further information
IfyouneedanysupportorhaveaquestionaboutAxa’swithdrawal, simplycontactourteamusingthelinkbelowandyourBusiness DevelopmentManagerwillbeintouch: www.paymentshield.co.uk/advisers/contact-us
VisitPaymentshield’swebsiteformoreinformationontheir Landlord’sInsurance
AsyouknowLV=IncomeProtectionisbuiltforreallife….the award-winningplangivesyourclientsfinancialconfidencewhen illnessorinjurystopsthemfromworking,itincludesbenefitswhich provideextrasupport.
SteveWrightishostingawebinaron22 Aprilat11:00to exploreincomesolutionsforfamilies,helpingyoutotailor adviceandgrowbusinesses.You’lllearnaboutLV=Income Protectionandthebenefitsandfeaturesincluded,aswellasLV= FamilyIncomeBenefit,tohelppositionthesesolutionsto families.Stevewillexplainhowtheygoaboveandbeyondwith emotionalandpracticalsupportincludingLV=DoctorsServices, andhowitbenefitsbothclientsandtheirfamiliesenablingyou tostrengthenyourrecommendations…
TheUKmortgagemarketenteredAprilfacingrenewedupward pressureonborrowingcosts.Risingswaprates—linkedlargelyto inflationconcernsdrivenbyMiddleEastgeopoliticaltensions— promptedlenderstowithdrawsub-4%dealsandrepricefixed-rate mortgageshigher.Averagetwo-andfive-yearfixesmovedback above5.4%,reversingearlierexpectationsofsteadyratefallsin 2026.
Governmentandregulatorsreaffirmedborrowerprotections throughtheMortgageCharter,withlendersmaintainingsupport optionssuchaspaymentflexibilityandearlyproductswitchingas largevolumesoffixeddealsapproachexpirythisyear.
Marketactivityshowedresiliencedespiteaffordabilitypressures. BankofEnglanddataindicatedmortgageapprovalsrosetoathreemonthhighinFebruary,suggestingcontinuedbuyerdemandahead ofpotentialfurtherrateincreases
Industryforecastscontinuetopredictmodestlendinggrowthin 2026,drivenmainlybyremortgagingasaround1.8millionfixedratemortgagesmature.
Meanwhile,house-pricegrowthremainssubduedwithfeweractive buyers,whilefinancialinstitutionsreportimprovedsector profitabilitysupportedbyhigherinterestrates,thoughuncertainty aroundinflationandenergycostspersists.