Brilliant Solutions

CHRISTMAS OPENING HOURSthe office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

Office now closes 5pm on Fridays

We are experiencing some local grid power issues in the Swansea Office.  Sorry for any inconvenience caused, if you are unable to get through, please email [email protected]. We will return your call as soon as possible.

 

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.

Norton Update

Here is the latest release from Norton Home Loans.  For their product details click here.

We’re changing our Broker Fees and Early Repayment Charges (ERC’s)

On 1st July 2024 we will be making some changes to our: Broker Fees and Early Repayment Charges (ERC’s)

Broker Fees

With effect from 1st July 2024 we are increasing the maximum broker fee allowed and introducing a new 2 tier fee option as detailed below:

 
  • Loan amount Min £3,000 Max £20,000

  • Max broker fee 15%

  • Loan amount Min £20,000.01 Max £250,000

  • Max broker fee 12.5%

  • Max overall for broker fee is £4,950

Early Repayment Charges (ERC’s)

Please see the Mortgage Lending & Secured Loan Lending July 2024 Matrices and Criteria below for further details:

Mortgage Loan Lending July 2024

Mortgage Criteria July 2024

Secured Loan Lending July 2024

Secured Loan Criteria July 2024

What do I need to do?

  • Pre-submission – providing the Illustration has not been regenerated,  then it will follow the current 30-day guidelines.

  • Submitted AFTER 1st July – any ESIS currently in date would be honoured until the date of expiry up to a maximum of 30 days up once submitted providing there is no regenerate.

  • If the case is regenerated – this will not be honoured and will go onto a new plan. You will receive a Warning Message this regenerate will change your illustration and if you continue, you will need to advise your customer of the new Early Repayment Charges for the new plan.

  • If you want to remain on the original plan please contact us to see if this is available.

Thank you for your continued support. If you have any questions, please don’t hesitate to contact us on 01709 441926

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