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.

Skipton Update

The Skipton Building Society has released an intermediary update.  For full details see their latest product information here. All Skipton products are accessible through our direct to lender mortgage club with payment on completion.  Contact us for details. 

Skipton Announcement

Key changes

  • Rate increases on average of 0.20% across selected products within the Residential, BTL, Interest Only, Help to Buy, Shared Ownership and Scottish LIFT Scheme ranges.
  • We’re pleased to introduce Auto Income Verification (AIV), which is designed to speed up the mortgage application process for you and your clients.

In our last broker bulletin we told you that we’d endeavour to give you 2 working days’ notice of upcoming product withdrawals. In line with this, we’ll be withdrawing current equivalent products at 10.00pm on Tuesday 15 September 2020.

How AIV Works
For suitable cases, the new functionality automatically assesses your client’s income when you submit a Decision in Principle (DIP), and could eliminate the need for payslips to be uploaded and income to be manually assessed by an underwriter. It won’t apply to every case, but will offer a quicker ‘yes’ where it does.

We’ll send you an email to let you know the DIP’s been accepted, then you’ll need to check the ‘outstanding items’ in eMortgages to find out what you need to submit to progress the case.

Please only send what’s requested, because if you provide any additional payslips/bank statements when they’re not required then these will need to be assessed by our underwriters, which could cause delays.

For some cases, such as if your client is borrowing past their retirement date, or using additional income such as benefits, we may need additional information. Self-employed clients are not eligible for AIV and would require standard packaging.

Not all cases will meet our internal AIV criteria, so please use the ‘outstanding items’ in eMortgages to see what items are required when packaging cases to us.

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