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.

Legal and General Update

Here is the latest release from Legal and General.  To view our products or for more information and tools you need to control and develop your business, visit our website here or contact the Brilliant Solutions team.

New Lifetime Mortgage interest rates from Legal & General Home Finance

On Wednesday 13 October at 6pm we are increasing our interest rates by up to 0.39% across all of our lifetime mortgage products. You’ll find more information, and interest rates, in our product summaries below.

We are also increasing our interest rates by 0.20% on our Retirement Interest only (RIO) mortgage products. You’ll find more information, and interest rates, in our product summary below.

Pipeline cases

To secure the current Lifetime Mortgage interest rates:

  • You must generate an Illustration by 6pm on Wednesday 13 October
  • You must submit the DIP by 5pm on Wednesday 20 October*
  • The valuation needs to be carried out by Monday 15 November
  • All supporting documentation required must be with us by Wednesday 24 November
  • The case needs to be offered by Wednesday 08 December
  • Completion will need to take place within the 50 day offer validity period.

* If you have generated a KFI on our old portal Apply Online, which has now closed, you must submit the application by 5pm on Wednesday 20 October 2021. After this time you must generate and proceed with a new KFI on our new Later Life Mortgage Portal.

Any cases received outside of the timescales described above will not be honoured.

Please note, following a DIP decision, if you choose to Edit DIP you will lose your current product/rate choice and only be able to proceed on prevailing rates at the time.

Pipeline cases which require a re-offer after 6pm on Wednesday 13 October will be offered on the prevailing rates at the time.

To secure the current RIO interest rates you must submit the DIP by 5pm on Wednesday 13 October.

Property valuations

You should consider submitting your Full Mortgage Application (FMA) on the Later Life Mortgages Portal as early as possible to ensure you meet the deadline for valuations.

If the independent valuer provides a lower property valuation than your clients estimate your client may be able to switch to a product with higher LTVs. We will also consider honouring the interest rates available at the time the illustration was produced (providing there are no other changes to the application).

Share this:
Scroll to Top