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.

Fleet Update

By / 3rd November 2022 / BTL, Product Updates

Here is the latest update from Fleet Mortgages.  For details see their latest product guide.   Their Lending Criteria Guide is available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well access their mortgages through our fees free packager team.  Register with Fleet here

Fleet Mortgages | We’re Making some Changes to Our Tracker Products

We’re Making some Changes to our Tracker Products.

As I’m sure you will already be aware, the Bank of England is likely to announce an increase to BBR on Thursday 3rd November.

As a result of this widely anticipated increase, we will be withdrawing all of our Tracker products at 5pm on Thursday 3rd November 2022, and releasing new Tracker products on Friday morning. These new Tracker products will have different rental calculation rates which will impact maximum loans available. 

Please note: These changes affect our Tracker products only; Our Fixed rate products are not being withdrawn or altered at this time. 

We will share further details of our new Tracker products with you after 12:00pm noon on Thursday 3rd November. 

Fleet Mortgages | Important Changes to How We Underwrite Portfolio Landlord Cases from Friday 4th November 2022

We’re Making Some Important Changes to the Way We Underwrite Portfolio Landlord Cases.
New Dedicated Underwriting for Portfolio Landlords from 4th November 2022.  

We are writing to let you know that with effect from Friday 4th November 2022, Fleet Mortgages is introducing a new dedicated underwriting process for Landlords owning four or more BTL properties.

What additional information do we require?

  1. Existing Property Portfolio
    Where all applicants, individually or collectively, own more than 4 existing BTL properties, we will request a property schedule that details the portfolio. Information is gathered via CoreLogic (Buy to Let Hub) allowing instant submission in real-time direct to our underwriters. If you already have previous data stored within the hub, you can use that information to create a new portfolio submission for Fleet Mortgages.
    You can access the Buy to Let Hub, which is free to use, here: Buy To Let Hub – CoreLogic

    2. Portfolio Landlords Questionnaire
    To keep things simple, we have combined a simple business plan and cashflow forecast into an easy-to-complete questionnaire – only existing landlords are required to complete the questionnaire. The questionnaire will be available on theLiterature section of our website on Friday morning. 

Good to know

  • There are no changes to our DIP or application system
  • Portfolio applications will be assessed by dedicated Underwriters
  • To minimise the underwriting time, please upload the Portfolio Landlords Questionnaire via Fleet’s Broker Portal before submitting the CoreLogic property schedule
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