Why do Lenders withdraw products at short notice?

When there are large movements in SWAP rates, Lenders need to make a call about how they react. This will depend on many factors, including:

• How much volume they are originating
• How quickly they think any remaining hedge will last
• The cost of the new hedge
• How the withdrawal will impact brokers and their customers

To help in this area, Paradigm have built what is thought to be the first of its kind, a directory of over 50 leading Lenders displaying their criteria and policy for product withdrawals. The directory shows each of the listed Lenders expected policy notice when withdrawing products along with commentary where they explain their policy and past performance. We've also collated a hints and tips guide which provides dates for your diary and some useful links to support you further.

Please click here and complete a short download form to view the Directory.

Please click here to see our practical hints and tips document which can sit alongside the Directory.

To aid with your client retention, we’ve pulled together this handy guide to support you and your clients when looking at the Product Transfer market.

You can find the schedule here.

If you need any additional support, please give the Helpdesk team a call on 03300 536061 or email [email protected].

It is clear that Green Mortgages are going to be a lot more prevalent in the future, with changes and development already underway as a result of the UK's aim to become net zero by 2050.  For example, we have already seen changes in particular around EPC ratings for rental properties.

As members of the Mortgage Climate Action Group, we understand the importance of green home finance and the net zero agenda and to support you in this area, we've pulled together a collection of resources which may assist you with these types of mortgages.  For more information about the Mortgage Climate Action Group, please click here.

Green Finance Institute: A collection of Lenders that offer green mortgage products can be found here.

Green Finance Institute: Podcasts available with one-to-one interviews sharing ideas on how to advance green and sustainable finance here. 

Green Finance Institute: Lenders handbook on Green Home retrofit and technologies can be viewed here. 

Shepherd and Wedderburn: A guide to green mortgages is available here.

If you need to find out if a property is eligible for a green mortgage, you can find out a property’s EPC rating on the Government website here. 
 
NatWest: Guide to Energy Performance Certificates – Take a look here. 
 
Shawbrook Bank: White Paper ‘Confronting the EPC Challenge’ (a detailed survey and analysis of BTL market) here. 

Mortgage Climate Action Group: Environmental Checklist for your office can be viewed here. 

Halifax: Home Energy Saving Tool - A few questions about your client's property can give a personalised action plan on how to best reduce their home energy use and provide cost-effective ways to improve their EPC rating.  Available here.
 
If you need any additional support on Green Mortgages, give the Helpdesk team a call on 03300 536061 or email [email protected]. 

A joint borrower sole proprietor mortgage product is aimed at customers who cannot afford a full mortgage on their own, but can do so with the help of a joint applicant. This means an applicant with a lower salary can get support from, for example, a family member to jointly apply for a mortgage. We’ve pulled together a spreadsheet showcasing which lenders offer JBSP products and the relevant criteria around this.

Take a look at the document here.

If you need any additional support on JBSP products, give the Helpdesk team a call on 03300 536061 or email [email protected].

To aid you with client retention, we have put together a useful guide to help you and your clients secure a rate in advance, before the expiry of their current product.

You can find the guide here.

If you need any additional support with your client’s remortgage, please give the Helpdesk team a call on 03300 536061 or email [email protected].”