Just Group has transformed its lifetime mortgage proposition with the launch of its new Just for You Lifetime Mortgage solution, providing flexibility and greater choice for advisers and their clients.
One of the key features of the product is interest-servicing, providing consumers with the choice to make interest payments on their borrowing for “as long as they want to at a level they are happy with”. This unique feature could potentially see massive savings over the lifetime of the loan, particularly for those who decide to repay some or all of the interest, while also allowing some borrowers to take up payment holidays of up to three months in each policy year.
Foundation Home Loans appoints residential lead
Foundation Home Loans has recently appointed Steve Sandiford as its residential mortgages director, and will lead the expansion strategy within the residential sector.
Previously Sandiford has held a host of senior roles for the likes of Dudley Building Society, One Savings Bank and most recently as residential mortgage director at Paragon.
Knowledge Bank launches tool allowing lenders to see what brokers are searching for
Knowledge Bank has announced the launch of Knowledge Insights, a tool that will grant lenders in the mortgage industry instant access to data regarding what mortgage brokers are searching for.
Knowledge Insights will provide lenders with a realistic overview of what areas of lending criteria are the most popular and the most required. Currently, the only data available to lenders is product based and is historical, based on completions that may have happened two to three months prior to a report becoming available.
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