Page 14 - The Pulse Issue 8 070218

Launching Soon More of

Keep an Eye Out For More Information on the Latest New Lenders,
Promotions & Services ReMo?

Adviser Training Goes Digital • Storage facility – You will soon be able to save the
online Buy to Let Addendum at any point and return
to it a later date. The remortgage market enters 2018 n good shape – and fi rst-tme buyng
You asked us to provide more in-depth training on niches • Add or Remove Properties/ Update Information – You mght just be set to pck up too, says RBSIP Head of Mortgages, Terry Jordan.
such as bridging finance, equity release, protection and will have the facility to add/ remove properties and
commercial mortgages - to name a few. We’ve now update all of the information within the Buy to Let
introduced a range of webinars to enable Mortgage Addendum at any time. This means as your client’s As the old year phased nto the new, the Bank of England A roser outlook
Brokers who have a particular interest in a business niche portfolio expands or changes, you will not need to unanmously mantaned nterest rates at 0.5%, but wth a
to develop their expertise further. start a new Buy to Let Addendum, you can simply warnng that further “modest ncreases” mght be needed What of future trends? UK Fnance’s Mortgage Market
amend your existing form and send your client a new over the next few years to brng nfl aton down to ts 2% Forecast for 2018 and 2019 s slghtly more optmstc
In the coming months, we will be taking this one step PDF version. than ts predctons a year ago.
further by also looking to provide one to one training on target (Source: Tmes/Fnancal Tmes 15.12.17). Senor Economst Mohammad Jame sad: “We expect
systems and processes using video calls and the latest • Customer Friendly Cover Sheet – We will be adding Remortgages and fi xed rates contnued to domnate the more fi rst-tme buyers over the next two years, helped
screen sharing facilities, to further enhance the support a cover sheet to the Buy to Let Addendum which mortgage market (Source: CACI data - Consoldated n part by compettve mortgage rates and government
we can offer to Mortgage Brokers. outlines why we need this level of detail when writing Analyss Centres Inc). And durng the last three months housng schemes.” Contnung remortgage actvty wll
buy to let business and the benefits it provides to the of 2017, Brtsh house prces were fl at for the fi rst tme n also buoy up the market.
customer. more than four years. Support to swtch
Ingard Introduces Broker Support When the new version of the online Buy to Let Addendum London falls, regons rse In December RBSIP launched ts product transfer servce,

Manual has been released into the Case Portal, you will receive an Fallng prces n London dragged down the natonal enablng brokers to help ther customers swtch and earn
email communication to confirm this.
a procuraton fee of 0.2% n the process.
average (Source: The Royal Insttuton of Chartered
Surveyors [RICS]). The bggest prce ncreases were n The servce s avalable to both resdental and buy-to-let
In order to provide Ingard’s Network Members with a the north-west of England, where values were up 6.5% customers 110 days before ther deal expres. It s also
clear outline of our processes and policies, we have GDPR: Changes to Processes & over the year, and n the East of England, East Mdlands avalable for those on a standard varable rate, as well
consolidated all of our procedures and guidance into one and the South West, all of whch saw rses of 6.4% as those on RBSIP ‘track and swtch’ products, whch
comprehensive guide. Procedures (Source: The Guardan 17.10.17). The RICS monthly allows consumers to swtch from a fi xed rate to a

house prce balance fell to zero n November from plus tracker wthout penalty.
The Broker Support Manual will shortly be uploaded onto one the month before.
Ingard’s Case Portal and all Network Members will receive In the coming weeks Ingard will be releasing a clear set The new servce s one of the ways we’ll be supportng
an email communication inviting them to login and take a of guidelines which all Network Members must adopt to The fi rst quarter of 2018 s lkely to contnue wth strong our customers to acheve the rght product outcomes,
look. ensure their business complies with the new General Data remortgage actvty, both n resdental loans – takng whle makng t easer for our broker partners to do
Protection Regulation (GDPR). advantage of contnung low rates and ncreasng busness wth us – and to take advantage of 2018’s
We will be updating the Broker Support Manual whenever competton – and buy-to-let. The latter wll benefi t fresh opportuntes.
there is change to our process or policy which may We hope that our Network Members embrace these from the renewal of the two-year cycle of fi xed rates
affect Network Members. Any changes made will be changes and work with us to ensure everyone’s business taken out just before 2016’s stamp duty ncrease.
communicated to you via email and feature in the is protected from the EU’s hefty fines. Most of the key
Compliance Bulletin section of the Case Portal. principles are common sense and in the best interest of Frst-tme buyer actvty also rose at the end of
the customer. 2017 (Source: CACI). Frst-tmers wll be supported
Please take the time to view this guide, it is an excellent by the change announced n the autumn budget
resource which tells you all of the information you need to The introduction of GDPR provides a fantastic opportunity (Source: Chancellor’s Autumn Budget Statement n
meet Ingard’s compliance guidelines. for you to contact your customer base to reconfirm that 2017), whch saw stamp duty land tax abolshed for
they are happy for you to continue to contact them and fi rst-tme purchases of up to £300,000.
potentially generate new business at the same time.
Buy to Let Addendum: Phase Two If you have any questions regarding GDPR in the meantime,

then please contact our Broker Support Team on
01702 533 400.
Over the past few months, most Network Members have
written at least one buy to let case and have fed back their FOR INTERMEDIARY USE ONLY
thoughts on Ingard’s online Buy to Let Addendum. Y O U R H O M E O R P R O P E R T Y M A Y B E R E P O S S E S S E D I F
Y O U D O N O T K E E P U P R E P A Y M E N T S O N Y O U R M O R T G A G E
We would like to thank you for your feedback and reassure Over 18s Only.
you that we have taken all of your points on board. We
are currently in the process of developing the following The Royal Bank of Scotland plc. Regstered n Scotland, No. 90312. Regstered Offi ce:
adaptations: - 36 St. Andrew Square, Ednburgh EH2 2YB. Authorsed by the Prudental Regulaton Authorty
and regulated by the Fnancal Conduct Authorty and the Prudental Regulaton Authorty.

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