3 New Updates from Bucks!

09 November 2021

Keep reading to find out about our 5 year fixed remortgage product, enhanced application process and how you could fast track your clients’ cases!

1. 5 Year Fixed Remortgage Product launched - In response to a significant shift in market conditions, supported by insights by Experian suggesting that almost 6% of all homeowners could be coming to the end of their fixed term deal over the next three months*, with an estimated £183bn of remortgages set to mature (*), we are pleased to announce the launch of our compelling 5 year fixed rate mortgage product. With a rate of 1.99%** fixed for 5 years with a reduced product fee of £495 and a maximum LTV of 80%. To find out more about the product, click here.
   
   
2. Enhanced application process - Based on extensive feedback from you, our brokers, we have launched an enhanced application process, which makes submitting a DIP and application simpler, with the emphasis on a slick user journey. The new process allows DIPs to be processed electronically through our Broker Online platform, and automates the link between the original DIP and subsequent application, preventing any duplication of keying. The system will keep you fully up to date on what stage each application is at, enabling you to keep your clients in the loop of the progress of their application. The system is simple – find out how to use it here.
   
   
3. Want to fast track your clients’ case? Simple! Just follow these easy steps and your case will be on its way to our underwriting team in no time... Submit application with: - Fully Completed DIP Checklist (this will be provided with DIP acceptance email) - All supporting documents, with file names that match the DIP Checklist - Finally, please ask your client to call us on 01494 879517 to pay the valuation fee ASAP. Please note, any cases submitted with missing/incorrect documentation cannot be progressed to the underwriter until this is received.

*Source – Experian as sited in What Mortgage 2/11/21
(*) analysis from CACI – mortgage introducer article by Karen Rodrigues
**Product details: Fixed rate of 1.99% until 28 February 2027. Product fee of £495. Up to 40 year term. Minimum age 18 – no maximum age. Minimum Loan £50k - Maximum Loan £1m. Max 80% LTV including fees (max 75% LTV on Interest Only). Interest Only, Repayment or part and part loans permitted. ERC & other fees apply.