Mortgage for Contractors is usually assessed differently to standard employed and self-employed clients. We have therefore asked a number of our lender partners to share their contractor policy and how they can help you help your clients.
Some borrowers are employed in certain professions, where their defined career path and reliable income allow lenders to support with enhanced criteria. For this webinar, we have asked some of our lender partners to explain how they can help your professional clients.
With holiday destinations abroad being limited over the last year, our mortgage desk has been getting increasing enquiries on holiday let mortgages in the UK. We have therefore asked a selection of our lender partners to share their holiday let criteria with us.
Around 5m of the UK workforce is self-employed, and while there are many advantages to self-employment, the pandemic has thrown its drawbacks into stark relief as many working for themselves didn’t have employee benefits, such as sick pay or the furlough scheme to fall back on. Therefore the government had to support with a range of measures. Many self-employed customers feel their loss of income during the pandemic will stop them from moving house or re-mortgaging. We have chosen a selection of our lender partners who will talk through their approach to underwriting for the self-employed, which will help you support those customers and quell this myth.
James Young and Mo Parmar of Aldermore take you through step by step how to read your customers accounts.
In our latest episode of The Expertise Series, we look at the new Help to Buy scheme, identifying changes to the previous scheme and hearing from our partners to hear their Help to Buy propositions. We hear from Nationwide Building Society, Vida Homeloans, Darlington Intermediaries, Santander, and The Melton Building Society.
Over the past few months, we have been working with providers on how advisers can talk through protection and general insurance (GI) alongside product transfers and re-mortgages. Protection and GI tend to be sold alongside purchase mortgages, however, customers who are re-mortgaging and taking out product transfers still have the same protection and GI needs, so advisers should be having discussions with these customers. We have recorded a few sessions with providers to support advisers with these conversations and to help understand why these should happen. L&G, AIG and Uinsure share their experience and views within the recordings.