Bristol & West have launched a selection of new products.

To view their Summer Specials click here

To view their Olympic offerings click here   

Here are some of the highlights of the new range:-

House 2 House

1 Year Tracker
Code: GAA 6.74% BBR + 1.74% for 1 year then BBR + 2.44% for life
2.5% Product Fee
No ERCs
80% LTV

3 Year Tracker
Code: GAC 6.44% BBR + 1.44% for 3 years then BBR + 2.44% for life
2% Product Fee
3 year ERCs
75% LTV

Buy to Let

2 Year Fixed
Code: CYA 5.89% Fixed until 01/04/2011 then BBR + 2.44% for life
2.5% Product Fee
2 year ERCs
70% LTV

For more details, please contact the Sales Team on 0845 40 40 240.
  Click here
 

Prime Core product tranche 50% full 18th August, 2008

The tranche of funds available for packaged applications on Kensington's Prime Core range is now 50% full for August.

All applications need the required funds to be booked and will only be allocated once the correct process has been followed.

Please contact AToM ASAP to book funds.   

KEY PRODUCT CHANGES EFFECTIVE FROM SATURDAY 16TH AUGUST

With effect from Saturday 16th August Bank of Scotland will be making selected improvements to its Mainstream, Large Loans and Buy-to-Let product range.

In order to prepare for these changes, Bank of Scotland will be removing products from their current product range.

To view the full range of withdrawals click here   

BM Solutions will be launching a selection of products on Monday 18th August 2008. To prepare for this launch, the products listed below will be removed at midnight on Sunday 17th August.

Products to be withdrawn:-

Mainstream

5.99% 2 Year Tracker Code: ATU
5.84% 3 Year Tracker Code: ATV

To find out more contact AToM on 0845 40 40 240.
   

AToM has seen an increased importance on responsible lending and TCF from GE (First National & Igroup).

Please be advised of the new procedures below with regards to Valuations, Pre Completion Calls and Plausibility checks on Income.

Message from GE:

Dear Intermediary

As a leading specialist lender we must remain vigilant in an ever-changing market environment by lending responsibly and demonstrating our support for you whilst treating customers fairly.

According to KPMG’s Fraud Barometer there has been a dramatic increase in the amount of mortgage fraud during the first six months of 2008. Whilst the actual amount is relatively small in comparison to the overall levels of mortgages advanced the rate of the increase is a cause for concern - over 400% since 2007. As a prudent and responsible lender we have to take precautions and would like to advise you of our forthcoming initiatives:

Valuations:

From this week we will be introducing additional checks on valuation reports to validate reports prior to making an offer. This is unlikely to affect the overall timescales to offer as the process will take just a few moments of our underwriter’s time.

We would like to stress the importance of providing accurate information and re-iterate that you are responsible for every case you submit to us, including those from your satellite and sub-brokers.

We are also looking at introducing further checks and improving this verification process later in the year through electronic signature and report checking facilities.

Pre-completion calls:

From Monday 18th August pre-completion calls will be introduced for a random selection of applicants who have received a mortgage offer on the First National range.

The purpose of these calls is to:

Ensure your customers have a good understanding of the mortgage and insurance products they have applied for as part of our commitment to treating customers fairly (TCF)
Help minimise the risk of fraudulent applications
Where customers are unclear or require further information surrounding the recommendation or information you have provided you will have an opportunity to satisfy any questions prior to completion. The calls will be made between 10am and 8pm Monday to Friday, by a dedicated UK based team. The calls will be completed on an outbound basis only and it will not be possible to transfer applicants through to the team.

To minimise any possible delay in contacting applicants, please provide, where available, their full telephone contact details (on the application form) for:

Home
Work
Mobile

Please ensure these are provided for all applicants that are party to the mortgage as each applicant will need to be contacted.

Plausibility checks on income:

In addition to these forthcoming additional checks we recently standardised plausibility checks on income for self-cert cases.

We will continue to look at ways of improving our processes, procedures and criteria to ensure that we continue to lend responsibly.

Remember, AToM have an onsite underwriter!
Call us now on 0845 40 40 240 to place cases with First National and Igroup.   

TMB will be withdrawing its FULL range of products on Friday 22nd August 2008 at 8pm and will not be launching replacements.

Important Information:
To secure these rates please ensure a FULL APPLICATION is received online (click AToM on the drop down box) with TMB by 8pm on 22nd August 2008.

Full paper applications must be with AToM by COB on 21st August.

Any applications received after this cut off will not be accepted.

Please ensure you submit a full application, which must include property details, ensuring you have confirmed that a KFI has been given to the applicant(s).

Any incorrect or incomplete applications will not be processed

If your clients currently have an existing TMB mortgage, they will be unaffected by these changes. TMB will be writing to borrowers to confirm this.

BM Solutions will be launching a range of House 2 House and Self Build products on Monday 18th August 2008   Click here
 

Money Partners is delighted to announce a series of further rate reductions across its entire fixed rate product range.

The new rates will become effective on Wednesday 13th August 2008.

• All 2 year fixed rates reduced by 0.35% with rates starting from 7.70%

• All 3 year fixed rates reduced by 0.30% with rates starting from 7.80%

To view the full product guide click here   

AToM Debt Solutions held two fully subscribed online training sessions this week.

Attendees found out more about Debt Management, Full & Final Settlements, Sale & Rent Back and IVAs.

The next sessions will be announced shortly, so please keep visiting our website to keep up to date.

To register for access to your own AToM Debt Solutions POS system, please click here.   

We are pleased to announce that Money Partners have chosen AToM to distribute their specialist products with immediate effect.

USPs:

• 5 risk grades from 0 in 12 arrears (near prime plus and near prime) to 2 in 12 (Flexi).
• Defaults ignored.
• RTB flats – 70% LTV.
• Wimpey no fines & Laing easiform construction acceptable
• No higher lending charge.
• Up to 45% DTIR on plans.
• Where 90% of monthly mortgage payment has been made within 30 days of due date – not classed as arrears
• CCJ’s over 2 years old, under £100 and /or satisfied prior to application ignored.
• Missed payments on multiple charges in the same calendar month only counted as one missed payment.
• Income taken from 4 applicants
• Flats above shops considered up to 70% LTV.
• New build flats up to 70%.
• Refer system in place for all cases that don’t pass credit score to be reviewed with a common sense approach.

Products will be on Mortgage Brain and Trigold today.

Alternatively, if you have a case to discuss, please call the sales team on 0845 40 40 240 or submit a DIP online.   

Great news, AToM are retained by Kensington to distribute their great products!

Kensington's Prime product tranche for August.

Features of the Prime range include:

- Fixed rates from 7.19%
- Day 1 Self-cert - no minimum trading or employment history needed
- No Higher Lending Charges
- Loans up to £250,000 on Self-cert
- Loans up to £350,000 on Verified and Buy to Let

To view the full product guide click here.   

AToM are proud to announce the launch of a limited 90% exclusive via Kensington.

Highlights:

- 90% Prime
- 2 year Tracker 7.49%
- 3 year Fixed 7.39%
- 4(s) or 4+1/3.3(j) income multiples
- Overpay, Underpay, Payment Holiday, Borrow Back
- Proc fee from AToM 0.4%

This is a lender direct product. Visit www.kmc.co.uk and click AToM (Direct) on the drop down box to access this product. To view the full product flyer click here   

All Types of Mortgages partners with Commercial 1.

AToM has appointed Commercial 1, the specialist Bromley-based brokerage, as its commercial mortgage partner for all commercial referrals.

Through AToM Commercial you can have access to the whole of market, in relation to your Commercial Mortgage and Development Finance requirements.

You can submit an enquiry online or by calling 0845 271 2692. These enquiries will be responded to within 2 hours of receipt by AToM Commercial.

Regular updates will be provided on all cases by our experienced underwriting team with proc fees paid out within 48 hours of receipt by AToM.

To find out more visit the AToM Commercial website by clicking here

   

AToM are pleased to announce that they have been awarded "Business of the Year" in the West Sussex County Times Business Awards 2008.  Click here
 

AToM are pleased to announce that they have been awarded the Financial Adviser Best Mortgage Packager 2008.  Click here
 

AToM are pleased to announce they have been awarded Mortgage Solutions Best Packager 2008 in their Online Technology Awards.

Thank you to everyone who voted for us, another great reason to use AToM!

To view the awards supplement click here. AToM can be found on page 15.   

Good news for you and your clients! Secured loans via AToM, to find out more  Click here
 

AToM have launched the “Remo Package”, a new offering combining both valuation and legal costs in one heavily discounted combination application fee.

Richard Hearn, managing director of AToM, commented: "We’ve been looking at a number of ways in which we can assist our introducers in saving money for their clients and over the last few weeks we’ve launched some great new initiatives. We have been planning this project for some considerable time and have now teamed up with legal specialists ‘easier2move’ to launch this special offering.”

The Remo Package combines the lenders valuation costs and standard legal remortgage charges, ensuring substantial savings – up to as much as £749 (versus more normal high street costs) and, unlike most other offerings in the market, includes VAT and normal disbursements.

Hearn continues “In this market it is a fact that many people remortgaging will face higher repayments. With the Remo Package we are looking to do our bit to make remortgaging easier, quicker and most importantly, cheaper. Speed is of the essence and this package offers quick completions, and with our 48 hour proc fee pay outs, means the intermediary is rewarded quickly too!".

To find out more contact the AToM sales team on 0845 40 40 240 or
  Click here