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.

The Brilliant Loans direct number, 01792 277 277,  is not currently working.

Please Call us via Brilliant Solutions on 01792 277 555, option 3

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.

Progressive Building Society Update

Progressive Building Society have announced some forthcoming changes.  See below for details.  For current product information, lending criteria etc their intermediary website can be accessed here  REMEMBER, you can also speak to our dedicated Specialist team for more information or guidance.

New Mortgage Package wef 290322
  • Selected fixed rates for house purchase amended
  • Selected fixed rates for remortgage amended
  • Selected fixed rates for foreign currency amended
  • Northern Ireland Co-ownership fixed product amended

Please note that the Society also has introduced enhanced income multiples – notes relating to this are detailed below. 

Enhanced income multiples & minimum income requirement

In addition to the application passing our affordability assessment, we will allow an enhanced income multiple to be applied, where the following minimum income requirement is met:

  • Sole application – minimum income requirement – £40,000 pa;
  • Joint application – minimum joint income requirement – £70,000 pa.

Where an applicant is employed, the minimum income requirement is based on the basic gross salary only and does not permit overtime, bonuses etc.  Where the applicant is self-employed, the minimum income is based on the most recent SA302 and Tax Year Overview.  We will not accept projected income to meet a minimum income requirement.

Our enhanced income multiples are as follows:

Loan to Value (LTV)

Enhanced income multiple (single or joint)

Up to 80% LTV

5.00

Up to 85% LTV

4.75

Up to 90% LTV

4.50

Up to 95% LTV

3.90

 

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