Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Accord Update

Accord Mortgages have released an update on their product range, the details are set out below.  Accord products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business. 

WE’RE STANDARDISING OUR RESIDENTIAL AFFORDABILITY CALCULATIONS

We’re making some changes to our residential affordability model from Wednesday 21 October.

We’re revising our loan-to-income (LTI) caps to a standard 4.49 times across all incomes in order to maintain service levels and retain the broadest range of products possible.

We’ll honour all DIPs submitted up to 8pm on Tuesday 20 October under our current
residential affordability calculations subject to 30 day validity period for all DIPs.

The new residential affordability model will apply to all DIPs submitted from Wednesday 21 October. And we recommend you check our updated residential affordability calculator prior to submitting an DIP.

The temporary changes will only impact new business and new applications for additional loans. Pipeline cases will not be affected, even if there is a material change to the application.

Any expired offer or FMA will be reviewed using the same LTI calculation it was submitted under.

By making this adjustment to our residential LTIs, we can manage volume and increase capacity with a wider range of products. We’ll continue to review the situation and reinstate the higher cap as soon as possible.

We’re increasing selected residential product fees and rates

We’re increasing selected rates and product fees across our residential product range from 9am on Friday 23 October.

Selected rates across all LTV’s and product terms will increase by between 0.05% and 0.15% and selected product fees will double. Examples of the changes include:

  • A two-year fixed rate at 75% LTV for house purchase is 2.18% (was 2.13%) with £990 (was £495) fee, £500 cash back and free valuation
  • A five-year fixed rate at 75% LTV is 2.10% (was 2.05%) with £1990 (was £995) fee. This product is available for both purchase and remortgage customers
  • A two-year fixed rate at 85% LTV for house purchase is 3.25% (was 3.10%) with £990 (was £495) fee, £500 cash back and free valuation.

We’re also withdrawing and not replacing two 85% fixed rate deals – codes 52236 and 52237

 The current range of affected products will be withdrawn at 8pm tonight and replaced at 9am on Friday.

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