LIMELIGHT Issue 60 - Spring 2020

LIMELIGHT Issue 60 - Spring 2020

LIMELIGHT A Tenet Group Publication for Appointed Representatives of TenetLime

Issue 60 n

Spring 2020

What does the mortgage market have in store for 2020?

EVERYONE’S DIFFERENT

At Royal London, we understand everyone’s unique. That’s why our protection proposition isn’t ‘one size fits all’. Our range of flexible cover options give your clients choice, so you can be confident you’re building a protection plan as individual as they are. And with a range of sales tools, support and personal service, we’re dedicated to helping you provide the tailored service your clients value. Find out more at: adviser.royallondon.com/different

THIS IS FOR FINANCIAL ADVISER USE ONLY AND SHOULDN’T BE RELIED UPON BY ANY OTHER PERSON.

LIMELIGHT A Tenet Group Publication for Appointed Representatives of TenetLime

Issue 60 n

Spring 2020

What does the mortgage market have in store for 2020?

PLUS: Date for your diary – 2020 Adviser Forum

ALSO IN THIS EDITION Business Growth - Let Tenet help you with your growth aspirations Events - Dates for your diary with our 2020 events calendar

Looking for a solution for your self-employed customers?

GO

Self-em ployed

Our Residential Mortgage range is designed with people who work for themselves in mind. Here are just a few other reasons to consider using us if you’re approached by a self-employed customer who’s looking for a residential mortgage. Products with cashback, refund of valuation fee and no product fee options available Customers with less than perfect credit histories considered, including CCJs, defaults, DMPs and secured/unsecured arrears Limited companies, sole traders, partnerships and fixed term contractors accepted Changes in trading style during the last 12 months accepted If you’d like to find out more about we can help, contact a member of our Sales Team today or call our dedicated support service on 0800 116 4385.

If you’ve recently been approached by a customer struggling to get a residential mortgage with a high street lender, the chances are they’re one of the five million people now working for themselves. The latest figures from the Office for National Statistics 1 show the number of self-employed workers broke through the five million barrier for the first time towards the end of 2019, with the number accounting entrepreneurs, freelancers, gig economy workers and tradespeople than ever before, many of them still can’t get the mortgage they need because mainstream lenders often perceive their income as being too irregular, their accounts as being too complicated or they haven’t been trading for a long enough period. Perhaps not surprisingly, when Knowledge Bank 2 , the broker-only online mortgage criteria search system, looked at what the most searched for term used by brokers looking for a residential mortgage was, it wasn’t ‘where can I find the best rates?’ or ‘how much of a deposit does my customer need?’, but ‘which lender accepts one year’s accounts?’. Unlike many high street lenders, here at Precise Mortgages we take every customer’s unique circumstances into account, judging each case on its individual merits. for around one in six of the UK workforce. But even though there are more contractors,

Liza Campion Head of Key Accounts

07957 679869 [email protected]

Sources: 1 https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/

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