Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

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 LTV Variants from Legal & General Home Finance

New Higher LTV Products: Purple and Maroon

On Thursday 9th December at 6pm we are introducing two new higher LTV variants to our Lifetime Mortgage range, Purple and Maroon.

The products will be available on a no-fee and £599 arrangement fee basis for a limited time only.

The features will also differ from the rest of the range, as described below:

  • Both products will be Lump Sum Only (i.e. there will be no drawdown facility);
  • The highest LTV product, Maroon, will only be available to Sole Applicants;
  • Both products will not be available for properties built within the last 10 years; and
  • The minimum property value for these products will be set to £100k.

You’ll find more information in our product summaries below.

Changes to our existing range

We are also changing some of the LTVs on our Violet product variants and reducing interest rates on our Lifetime Mortgage range by up to 0.08%, as can be seen in the product summaries below: 

Click here to see a comparison of our new LTVs.

Pipeline cases (excluding Violet): Pre-Offer

If you have not yet submitted a Full Mortgage Application (FMA) you can select a new product or rate in our Later Life Mortgages broker portal. You can do this after 9pm on Thursday 09 December by either generating a new Illustration, or if you already have a Decision in Principle (DIP), you will be prompted to select a lower interest rate before submitting your application in full.

If you have submitted an application but have not yet received an Offer of Loan, and these new interest rates are lower, you don’t need to do anything. We will automatically offer on these new rates for acceptable cases.

Pipeline Cases: Post Offer 

If you’ve already received an Offer of Loan and would like us to re-offer on one of these new rates, simply fill out this online form, or call us on 03330 048444 (Option 2, Option 2). You can do this for applications submitted on Apply Online, or our new platform, the Later Life Mortgages Portal.

You do not need to submit a new application.

Violet Pipeline cases

As we have changed the LTVs on our Violet product, the amount your clients could borrow may be more or less than before. We’d like your existing applications to benefit from the new lower interest rates, but because we have also changed the LTVs, we will not automatically offer on these new terms. Therefore, if the new LTVs are right for your customer and they would like to benefit from the lower interest rate, either amend the application in the portal or if you’ve already received an Offer of Loan simply fill out this online form, or call us on 03330 048444 (Option 2, Option 2).

To secure the current LTVs and interest rates:

•           You must generate an Illustration by 6pm on Thursday 09 December

•           You must submit the DIP by COB on Thursday 16 December

•           The valuation needs to be carried out by Tuesday 11 January

•           All supporting documentation required must be with us by Thursday 20 January

•           The case needs to be offered by Thursday 03 February

•           Completion will need to take place within the 50 day offer validity period. 

Any cases received outside of the timeframes described above will only be available on the new LTVs.

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