Year: 2020
by Roy Badcock, Senior Manager, Harpenden Building Society Does a day go by without a headline appearing about the transformative effect of ‘fintech’ or new technology? Some of my colleagues were at the Mortgage Business Expo conference in London recently and technology was a popular topic of conversation. Indeed, one of the conference seminars, ‘How […]
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by Martin Langlands, Chief Risk Officer, Harpenden Building Society A short while ago, I wrote an article which explained how a discussion paper jointly issued by The Bank of England, The PRA and The FCA has the potential to change the way all financial institutions might be asked to operate in the future. The paper […]
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Download Scenario; Purchasing a three apartment house for mixed use as a PDF WHO’S THE CUSTOMER? A professionally successful couple looking to purchase a home in London. Property is on one title and split into three apartments, and their wish is to keep it this way. Each of the apartments have their own address and […]
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Download Scenario; An existing member with us, looking to act as a guarantor as a PDF WHO’S THE CUSTOMER? An existing member, a borrower with a mortgage with us on a buy-to-let property in Beckenham, Bromley. They would like to become a guarantor for their parent’s home. WHAT’S THEIR SITUATION? Our member currently owns their […]
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Download Scenario; Three incomes and lending into later life – Mum, Dad and Daughter…as a PDF WHO’S THE CUSTOMER? A family with three applicants. Mum and dad are helping out their daughter following her recent divorce. They want to purchase a property and have discussed the possibility of re-mortgaging their current home. But instead prefer […]
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Download Scenario; An entrepreneur with a complex income…as a PDF WHO’S THE CUSTOMER? An entrepreneur with a complex income. A lender will need to use projected income to meet the needs of the customer. WHAT’S THEIR SITUATION? The customer has sold the business they owned, after many years trading in private equity. They then started […]
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Download Scenario; Self-build…converting a stable into a dream home as a PDF WHO’S THE CUSTOMER? A couple had found their ideal purchase… a stable they wanted to convert into their main residence and a place they call home. They had also received planning permission to do the works involved. WHAT’S THEIR SITUATION? They intended to […]
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Download Scenario; Self-build…extension works to build a family home as a PDF WHO’S THE CUSTOMER? A professionally successful married couple, experienced and knowledgeable in their field. Looking to double the square footage of their property, to create their dream family home. WHAT’S THEIR SITUATION? Currently their property is valued at just over £1m and they […]
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Download Scenario; Self-employed…and looking ahead to the future as a PDF WHO’S THE CUSTOMER? A successful professional who owned and ran a business with his wife. He was going through a divorce settlement and looking to purchase his wife’s 50% share of the business. He had found a new property he wanted to purchase. WHAT’S […]
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Download Scenario; Residential…returning to the UK with no credit track record as a PDF WHO’S THE CUSTOMER? A professionally successful married couple working in the banking sector who have lived and worked abroad for a considerable number of years. WHAT’S THEIR SITUATION? After much deliberation of a new opportunity, they decide they want to return […]
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