The Legal & General Mortgage Club will be back on the road this April.

We are currently finalising the event agenda and confirming which lender partners will be attending. The roadshow will be a great opportunity to step away from your desk or home office, meet the Club team in person, hear more about our latest propositions, and share the areas where you would value further support.

The event will begin at 9.00am and finish at approximately 2.30pm. A complimentary buffet lunch will be provided. If you have any dietary requirements, please include them in the relevant section of the registration form.

Key points to note:

Affordability changes
Three of the “big six” lenders have confirmed over the past 24 hours that they are starting to improve affordability. Some are formally communicating the change, while others are quietly updating their calculators. Advisers should be reminded to recheck affordability on new cases before submission. This also highlights the value of using Ignite and its affordability pillar. We would expect other lenders to follow.

Nationwide
Where a DIP has been submitted and moved to rate reserve, the rate, affordability and loan amount are all secured. This gives protection against any changes over the following days or weeks and remains a strong USP that advisers have appreciated.
Nationwide has also moved its rate change submission cut-off from 8pm to midnight in response to feedback, which is a positive change we helped bring about.

HSBC
Service times are being actively addressed, with additional underwriters moved from direct channels into intermediary support. Improvements are expected shortly. However, where a guaranteed quick turnaround is needed right now, HSBC may not yet be the best option. They are able to escalate all new build cases, so they still remain a strong choice in that area.

Clydesdale
Because of its systems and internal processes, rate changes can take around 24 hours longer to be implemented than with some other lenders. They have asked for patience where changes appear to come through with limited notice. Matt Martin is available to support with any issues.

Medium and smaller lenders
Forecasting remains difficult in the current market. If rates stabilise quickly, pipeline stickiness could become a concern. Broker feedback is particularly valuable here.

Service levels
LBG, Nationwide and Santander are all reporting service levels of around one to two days. Increased automation and reduced documentation requirements are proving far more effective than they were in previous volatile market conditions.

To reserve your place, please click ‘Register’ button