NEWS

Mortgage Intelligence Holdings has launched AToM complex prime onto its panel for all members of Mortgage Intelligence and Mortgage Next.

AToM complex prime offers advisers an alternative route to placing business which may otherwise be declined due to lenders ‘credit scoring’ DIP systems. With funding from five lenders and deals available up to 75% LTV, AToM’s team of underwriters will make assessments based on the overall merit of an individual case.

Sally Laker, managing director of Mortgage Intelligence Holdings, says: “We’re delighted to be the very first networks and mortgage clubs to have access to AToM Complex Prime and are certain that our members will find real value in this offering.

“AToM will consider good, clean cases with justifiable income that would otherwise be declined at DIP stage, offering a much needed opportunity for advisers to get the deal through.

Maximising each and every piece of business is essential and if AToM can help place business that would otherwise be declined then it’s a win-win for advisers and their clients. I look forward to continuing to work closely with the AToM team and applaud them for their continued innovation in today’s market.”

AToM have a dedicated website for Mortgage Intelligence and Mortgage Next members at www.misps.co.uk   

BM Solutions will be refreshing their Buy to Let and House 2 House product ranges tomorrow (Tuesday 9th March 2010). This will include the extension of end dates on fixed products.
In order to prepare for this product change, a selection of their Buy to Let and House 2 House products will be removed.

Please ensure that all outstanding applications for these product schemes are submitted by 8pm tonight (Monday 8th March 2010).
   

WITHDRAWALS -
- Selected 1 year and 18 month Buy to Let products
- Cashback and subsidised valuation options withdrawn from the Buy to Let Easy Remortgage range

DIPS TO BE DONE BY 3PM via TMW Online, Tuesday 2nd March 2010.

OTHER PRODUCT CHANGES -
- 1 year, 18 month and 3 year Buy to Let rates lowered by up to 0.50%
- Introduction of £895 arrangement fee on 1 year and 18 month options
- 5 year fixed Buy to Let option at 5.99% (3.5% fee), up to 70% LTV. Available for purchases and remortgages
- The new Lifetime Variable Managed Rate product offers your clients an alternative to our main tracker range with ERCs for only 6 months
- First time landlords can now benefit from up to 70% LTV on selected Let to Buy products

For more information, please call us.   

In this weeks Mortgage Strategy - All Types of Mortgages' Dale Jannels with Boy George at the recent Mortgage Strategy Awards.

Submit a witty caption for the right hand photo and you will be automatically entered into Mortgage Strategys prize draw to win a super-stylish MontBlanc Rollerball pen. Remember, the funnier it is, the more likely you are to win. What are you waiting for?

Email only printable captions (by 3/3/10) to mortgage.strategy@centaur.co.uk
or to apply online go to www.MortgageStrategy.co.uk   

Changes to the new product guide include:

Buy to Let
2 year fixed rates from 5.69%
3 year fixed rates from 5.79%
Maximum LTV increased to 70% (65% for remortgages)

Please see our lenders literature page for the full product guide.   

AToM is delighted to announce they were awarded 'Best Specialist Distributor' at the prestigious Mortgage Strategy Awards on Wednesday night, held at the Grosvenor, Park Lane.

Dale Jannels, Director picked up the award on the night and commented "We are astounded to be picking up our second award in a week! The Mortgage Strategy awards are one of the most recognised awards in our industry and we are so grateful to our introducers and peers who voted for us. Diversification has been key to AToMs longevity and this award is justification that we appear to be getting things right and our offerings are attractive to our intermediary partners. We are incredibly grateful and proud!"

For the full list of Award Winners, please click here

Jannels picked up the award from Phil Rickards, Head of Sales for BM Solutions and Alun Cochrane, Comedian and star of 8 out of 10 cats. To see the picture,   Click here
 

AToM has been awarded "Best Mortgage Packager" by the MyIntroducer.com awards 2010.

MyIntroducer.com awards are the only financial services awards programme decided by the industry's vote only.

Dale Jannels, Director commented "We are thrilled to be voted the winner in this category and thank everyone who took the time to vote for AToM. We have a superb team at AToM and this is in recognition of their hard work."

To see the full list of winners, PLEASE CLICK HERE    

igroup have reduced initial rates by up to 0.90% and reversionary rates by 2.49% (effective 19/2/2010):

Initial rates starting from:
- 4.29% 1 year Discount
- 4.99% 2 year Fixed
- 5.49% 3 year Fixed

Reversionary rates starting from 6.00%

CLICK HERE TO SEE THE NEW PRODUCT GUIDE

Northern Ireland

With conditions remaining difficult in the UK mortgage market and in particular in Northern Ireland and the lack of opportunities to lend prudently, igroup have decided to cease lending in Northern Ireland from Friday 19th February 2010.

Please forward DIPS asap for cases in Northern Ireland.   

LTD CO. BUY TO LETS
The new TMW Limited Companies range is aimed at your clients who prefer to invest through a limited company. Your clients can benefit from up to 70% LTV on selected products including both fixed and tracker options.

HMOS
TMW has launched a new range catering for Landlords investing in Buy to Let Houses in Multiple Occupation (HMO).

Landlords can benefit from rental cover on a multi tenanted basis. The new TMW HMO range also offers your clients different options to meet their unique requirements with 1 year, 18 month and 2 year products available at up to 65% LTV. A Specialist Security valuation will be required for all TMW HMO applications.

click here to download the latest product guide   

BM Solutions will be refreshing their Buy to Let range tomorrow (Saturday 13th February).

In order to prepare for this launch, the following products will be removed at 8pm tonight (Friday 12th February).

Buy to Let

2 Year Fixed 4.25% Code: EDM

5 Year Fixed 5.99% Code: EDQ

If you would like to secure applications on the current ranges:

Please submit FULL APPLICATIONS to AToM ASAP in order for us to meet these deadlines for you (7PM LATEST).

These can be processed via Trigold/MBL or by fax 0845 40 40 350   

Complex Prime is a growing market. AToM has successfully placed the following scenarios this week:

1) S/E Income £32,000 rental £6,900 & £30,000 from two unencumbered properties. Wishes to raise £200,000 on Interest Only for as long as possible. Aged 63. Asset rich.

2) Income from the following sources Disability Living Allowance x £3377 pa, Care Allowance x £2756 pa, Income Support x £12769 pa, Child Benefit x £1664. The benefits have been paid for the last 11 years. The clients are moving and a require a mortgage of £75k on a purchase price of £170k (44% LTV) with the equity coming from the sale of their current home.

3) Value £6-£7million, Current mortgage £2.5million. Looking for better rate than 4.84%. Long payment history of maintaining £2.5m loan. Problem with last years account not showing much profit. Draws Large Dividends.

And many many others..

If you have a case that is of a Complex Prime nature, please call us, or submit a DIP.   

With immediate effect, Platform will take into account any CCJs registered within the last 6 years and these can no longer exceed the sum of £500. No CCJs allowed in last 12 months.

Defaults are not allowed within the last 12 months and any prior are subject to normal credit scoring.   

Cherry is the essential portal for Mortgage and Financial intermedaries.

On their site, not only do they have a great forum for intermediaries, but they also provide a facility which enables you to leave feedback on any lender, network or packager that you deal with.

We'd be grateful if you would take a couple of minutes of your time to register your feedback (preferably positive!) on your experiences with AToM.

To register your feedback, please CLICK HERE

Thank you in advance.   

2 Year Fixed at 4.25% until 01/04/2012
60% LTV Rental Calculation 125% at Payrate, Product Fee £999
2 year ERCs

1 Year Tracker 4.70%
BBR + 4.20% for 1 year
75% LTV Rental Calculation 125% at Payrate, Product Fee £2249. 1 year ERCs

5 Year Fixed 5.99%
Fixed at 5.99% until 01/04/2015
75% LTV Rental Calculation 125% at Payrate, Product Fee None
Refund of valuation (Max £490)
5 year ERCs

CALL AToM NOW or do a DIP online   

Recognising the importance of the purchase market, igroup are extending their offer term to 90 days for all purchase applications from the 3rd of February.

The offer term for remortgage applications will remain at 60 days.   

Platform will be making the following changes to their current product range with effect from Monday 1 February.
All affected current products will be withdrawn at 5pm Friday 29 January

Main Changes:
Mainstream core - 2 year fixed and 2 year tracker rates reduced
Mainstream exclusives - 2 year fixed and 2 year tracker rates reduced
Buy to Let - 2 year fixed and 3 year fixed rates increased

Additional product changes - Fixed rate end dates extended to 31 May

Criteria Changes
Family purchases
- Audit valuations no longer required on family purchases
Purchase at undervalue
- Audit valuation no longer required on purchases at undervalue
- Restricted to 75% LTV
- Only accepted on family purchase (no longer accepted on bulk purchases or corporate landlord purchases)

Non-Conforming criteria
- Defaults registered within the last 12 months no longer allowed
- CCJs in last 12 months no longer allowed

Timescales
clickdecision and kfis
All affected rates will be withdrawn from all sourcing systems at 5pm Friday 29 January.

Applications
All applications must be received at Platform by 5pm Friday 5 February. Applications must have a clickdecision. All packaged applications must be fully packaged and accompanied by all items on our shopping list.

CALL AToM NOW OR 'REQUEST A DIP'   

We now have four lenders signed up exclusively to the AToM Complex Prime proposition.

One lender has also allocated AToM a tranche of £10m for 2010.

Complex Prime is most definitely on the increase as the high street lenders 'tick box' credit scoring systems continue to cause frustration across the industry for declining seemingly straight forward applications.

AToM has always had a history for placing cases that do not fit the normal mould and Complex Prime is our way forward.

If you have cases that have been declined by the high street for no apparent reason (must be prime), or you have cases that need manual underwriting, please call us or complete a dip online. We have lenders who are willing to assist!   

It's that time again!

We'd be very grateful if you would take a few minutes of your time to vote for AToM as the "Best Mortgage Packager" in the forthcoming 'MyIntroducer' awards.

PLEASE CLICK HERE TO VOTE

Thank you in advance.   

It's a New Year and promises so much!

See the latest views and thoughts from the directors of AToM by CLICKING HERE

Please be patient as this will open in a pdf format.   

Over the coming weeks, we will be posting examples of cases that have been placed successfully on the AToM Complex Prime proposition. If you have any Prime cases that are in need of a manual review, please contact us.

RECENTLY PLACED EXAMPLE -

Family Trust wish to purchase property for daughter to live in. Daughter has special needs. Property value £170k. Mortgage required £50k. Trust formed to assist daughter. Trustees are parents with good income joining in as guarantors. Rate SVR at 4.54% with a fee of £1k.   

Message from igroup - From time to time we recalibrate our scorecard to reflect the current market environment and our appetite to lend. We have taken this opportunity to update our scorecard so that we are well positioned in writing the business we are targeting in 2010. From Friday 8th January 2010 all cases will be assessed against our updated scorecard.

To see the revised igroup product guide - CLICK HERE .   

AToM is pleased to promote an offer to get free calls to all Vodafone mobiles included on your price plan on the iPhone (launching on Vodafone 14/01/10).

To get this superb offer, you need to preorder before 13th JANUARY.

CLICK HERE TO FIND OUT MORE AND PREORDER .    

Happy New Year everyone!

AToM towers is subject to inclement weather conditions!

However, the DIP system is back up and running and business can be submitted using the online system.  Click here
 

Thank you for your support and loyalty throughout 2009, it really is appreciated.

The directors and staff at AToM would like to wish you and your families a very Merry Christmas and Happy New Year.

To see our Christmas opening hours  Click here
 

AToM has always been renowned for dealing with complex cases. We are going down this road again. However we’re now also including those that don’t fit the high street, doesn’t fit the normal mould, or fails credit score for no apparent reason (they must be clean and full status).

We have three lenders (no, we’re not saying their names!) who will review on a bespoke basis. If the case is good, they will do the deal and offer a very competitive interest rate.

We’re going back to basics with lenders who have an appetite, so give us a call!   

We have just received the following from Cheshire:

"Cheshire Mortgage Corporation continues to experience greater than anticipated volumes of business as a result of Beacon’s decision to withdraw from the mortgage market. This is having an adverse affect on our service levels.

We endeavoured not to over commit our resources in November and decided to suspend some of the Cheshire Mortgage Corporation plans for a temporary period. As the anticipated volumes have already been exceeded, to manage the levels of business efficiently, with immediate effect we have decided to extend this suspension to all Self-employed applicants. Only clients that derive an income from employment, DSS benefits or pensions will be accepted, and only income from these sources will be accepted for the purposes of affordability.

Pipeline Business - Due to the sharp rise in business volumes the suspension of Self-employed applicant plans also applies to any current pipeline business which unfortunately we will not accept with immediate effect.

Pre-offer cases - Any pre-offer cases with Self-employed applicants will be declined, unless the clients can afford the mortgage based on employed, DSS benefit or pension income.

Post-offer - Any post-offer cases with Self-employed applicants will be reviewed over the next few days and you will be notified of a final decision."

For more information, please contact AToM on 0845 40 40 240   

TMW have reduced their rates on some buy to lets.

Key product changes:

- 1 year fixed rates from 3.29% up to 60% LTV and 3.79% up to 70% LTV(3.50% arrangement fee)
- 18 Month fixed rates from 4.19% up to 60% LTV and 4.59% up to 70% LTV (3.50% arrangement fee)
- 1 year tracker rate at 3.29% (BBR + 2.79%) up to 60% LTV and 3.74% (BBR + 3.24%) up to 70% LTV (3.50% arrangement fee)
- 1 year fixed Easy Remortgage option at 4.59% up to 70% LTV (3.35% arrangement fee and £150 booking fee)
- 18 month fixed Easy Remortgage option at 5.19% up to 70% LTV (3.35% arrangement fee and £150 booking fee)

Call the AToM team for more information, or do a DIP!
   

As lenders tighten criteria and cases become harder to place, carrying out numerous AIPs with various lenders can be damaging to your clients profile.

The quick solution to this is to get the client to obtain their own credit search at the outset. Experian offer a 30day free trial and the client can email you their full credit search in a pdf format. You can then forward this to AToM and we can assist in getting your client the mortgage to suit their requirements from day one.

Give your clients the link - www.atomltd.co.uk/experian.html    

UPDATE FROM CHESHIRE - As a result of Beacon’s understandable decision to withdraw, over the past few days we have had sizeable commitments of increased volumes, as I am sure you would expect. This will naturally have an adverse affect on our service levels and efficiencies.

As we endeavor to ensure we do not over commit our resources, after careful consideration, we have decided to suspend some of the Cheshire Mortgage Corporation plans for a temporary period, with immediate effect.

- The 6 & 8 Demerit Plans
- Customers with IVAs, Bankruptcies or in a Debt Management Plan
- Right to Buys
- The 50% LTV with 3 demerits Shared Ownership plan
- Single applicants who are self employed
- Family Occupied Buy to Lets and Semi-Commercial

Current pipeline business will be accepted; however from today onwards any new business produced on these plans will not be accepted until further notice.    

It was sad that Beacon shut their doors to new business last week, however we're ready to rise to the challenge of assisting with those cases that now require a new home.

With access to many lenders offering sub prime solutions or those who are willing to look at Complex scenarios, do give the AToM team a call to see what we can offer. Or submit a DIP online.   

TMW are launching an addition to their BTL products range today. Called BTL Light Refurbishment Range the key criteria for products include:-

Light refurbishment - classified as a Buy to Let rental property which will benefit from minor improvement's such as a new kitchen or bathroom
A retention amount up to a maximum of £25,000 will be released on completion of the works, subject to acceptable re-inspection by the valuer
Improvement work to be carried out within 3 months of completion and prior to letting out
Products available up to 70% LTV

Light refurbishment product range rates
1 year fixed at 4.19% up to 70% LTV (3.50% arrangement fee)
18 month fixed at 4.99% up to 70% LTV (3.50% arrangement fee)
2 year fixed at 5.39% up to 70% LTV (3.50% arrangement fee)
2 year fixed at 5.89% up to 70% LTV (2.50% arrangement fee)
1 year tracker at 4.04% (BBR+3.54%) up to 70% LTV (3.50% arrangement fee)
18 month tracker at 4.19% (BBR+3.69%) up to 70% LTV (3.50% arrangement fee)

For further details please call the AToM Sales Team on 0845 4040240   

BM Solutions will be launching a selection of new Buy to Let and House 2 House New Business products tomorrow (Saturday 14th November).

In order to prepare for this launch, a selection of Buy to Let and House 2 House products will be removed at 8pm tonight (Friday 13th November).

Please send DIPS to AToM ASAP if you require the existing products.   

AToM are delighted to be one of the few distributors offering the new IGroup products, launching on Wednesday.

Key features include:

- Rates from 4.99%
- Purchase or Remortgage
- 1 year discounts with 1 year only redemptions.

For more information, please view the product guide by Clicking HERE .   

We've received notification that Platform are pulling out of the self cert market with effect from this Friday (6/11/09).

DIPS need to be completed, by AToM, by 5pm this Friday (6/11/09).

These can be done by Trigold / MTE / or the AToM website.

Full applications to be submitted by AToM to Platform by 5pm Friday 13th November.

In order for us to meet these deadlines, please submit DIPS to AToM ASAP. Please forward full applications immediately after in order for us to ensure Valuation can be completed in time to meet the deadlines.

Please contact us on 0845 40 40 240.   

At last night's Mortgage Finance Gazette Awards, AToM was very proud to be awarded:

Excellence in Treating Customers Fairly – Non Lenders

Mortgage Finance Gazettes website - www.mfgonline.co.uk - stated:

The winner is mortgage packager AToM for maintaining good customer service to its broker clients during a difficult year. Nominations stated that AToM looks after its brokers and their clients, the company cares, and is always helpful and professional. On a practical level the paperwork is clear and understandable and they have a good range of products.

From all the team at AToM, thank you for voting for us - we really appreciate it.   

With Postal Strikes looking like they will take place on Thursday and Friday this week, we thought it best to advise you of how to submit business to AToM and minimise delays in processing your clients applications:

- Full DIPS & Apps via Trigold Crystal/ETC & MTE/The Key are available. Simply find the AToM Application Form and submit electronically.

- Fax applications to 0845 40 40 350

- Scan and email applications to service@atomltd.co.uk

We look forward to working with you and keeping disruptions to a minimum.   

It's taken some real effort to ensure the 'Best Packager' category appeared in the Mortgage Strategy awards 2010, but we got there! A big thank you to Strategy for accommodating!

Please could you take 30 seconds of your time to submit your nominations by CLICKING HERE

Closing deadline for nominations extended to 23/10/09   

We have noticed this morning of some news re the FSA banning a broker called Ayodele Olubunmi Thomas, a director and approved person of Atom Associates.

The last line of the release also states that 'Thomas also conducted business as Divine Mortgages, a trading name for Atom.'

For clarity - this individual and 'Atom associates' are IN NO WAY linked or have a relationship with AToM (All Types of Mortgages Ltd), Horsham.

Any questions, please contact Dale Jannels, Sales & Marketing Director, AToM on 0845 40 40 240.   

We've just been informed that TMW are pulling all their self cert products over the weekend.

TMW's self-cert range includes a two-year fixed rate deal at 6.74% with a 2.5% arrangement fee, a two-year fixed rate deal at 7.24% with a 1.5% arrangement fee, and a two-year fixed rate further advance at 6.99%.
These products will be withdrawn from the TMW systems at 8pm tonight, and there is no booking system in place for these products.   

AToM now has access to products available for HMOs, Ltd Company Buy to Lets and high level 2nd charge secured lending.

Please call for more information.   

As a key introducer to AToM (All Types of Mortgages Ltd), Trigold are happy to offer you a great deal on our award winning mortgage sourcing software Prospector AAA.

If you are not already a Prospector user we are offering you an unrestricted 60 day FREE trial and a special offer price of only £25 per month (usual price £29.95).*

And remember - you can move your clients over from your existing system and get the best sourcing system the market has to offer featuring

Whole of market sourcing with the option of including direct products
Newly upgraded E-Trading Centre with links to all the lenders on the system (and AToM of course!)
‘Near misses’ feature to help you source the deal you want
Added sourcing features including Shared ownership, multiple occupancy, multiple sourcing windows
New debt consolidation calculator
Enhanced remortgage analysis

To register your interest with AToM for a free trial of the system, please click here and include your full contact details and company name.

Try it and see!

*Proof of subscription to an alternative system may be required.   

From Thursday 1 October 2009 TMW will be expanding their range of Buy to Let products. They will be reducing selected rates across their range and launching a new range of 30 month fixed rate products. In addition, a selection of remortgage only Let to Buy products will be launched for first time landlords.

The end dates on all Buy to let and Self Cert products are also being extended.

Key Buy to Let product changes

Rate reductions on selected fixed and tracker products
New lower fee options for 1 and 3 year fixed rate products
New range of 30 month fixed rate products from 5.35%
New 18 month fixed rate at 5.44% for remortgage only with Easy Remortgage options
New 18 month fixed rate product at 5.99% with £1,000 cashback (minimum loan amount of £50,000)
Launch of new Let to Buy product range

New range of remortgage only Let to Buy products for first time landlords from 3.99% up to 65% LTV
Buy to Let Rental calculation changes

For fixed rate products rental calculation is based on (rental cover of 125% remains unchanged) pay rate, or 4.99% whichever is higher.
For tracker products rental calculation is based on (rental cover of 125% remains unchanged) pay rate +0.5% or 4.99%, whichever is higher.
Securing current products

If you would like to secure any of the current products on the existing rental calculation, please ensure that any DIPs are completed by AToM by 2pm Wednesday 30 September 2009. Any DIPs must be progressed to full mortgage application by 8pm 30 September 2009.   

A gentle reminder that AToM pays 0.46% on BM Solutions Buy to Lets.

You can even go direct, choose AToM as your payment route, and still receive 0.43%!

Speak to the AToM sales team on 0845 40 40 240   

A reminder that the new IGroup product range (3409) range is live today.

Pipeline Arrangements:

IGroup must receive fully packaged applications for the 2709 range from AToM in their offices by close of business on Friday 4th September 2009. All packs that have been submitted on the 2709 range will need to be offered by close of business on Friday 25th September 2009.

Please contact the AToM Sales team on 0845 4040240 if you have any queries   

Find out why AToM are one of the UKs leading mortgage packagers/distributors and how we can assist you and your clients.

To review our introducer pack - click here    

Having looked after your clients, have you had chance to think about yourself?

AToM doesn't just offer mortgages! We can also assist with other day to day expenses.

To find out more CLICK HERE   

   

Please note our new address:

AToM
AToM House
24 Carfax
Horsham
West Sussex
RH12 1EB   

AToM has closed at 3.30pm today due to the weather conditions.

You can still submit dips online and we will deal with those first thing tomorrow. Best Wishes.   

Did you know you have the ability to access an ATOM DIP and Application form via the Mortgage Trading Exchange (MTE)? For those brokers who have completed a factfind within The Key, an MTE supported Point of Sale system, or Mortgage Brain and then sourced an AToM product, all this information is automatically available to pre-populate our DIP or Application form.

MTE offers you:

- The ability to make sales in your customers home or office, as its offline
- Electronic access to AToM products and underwriters
- The ability to send us cases other lenders have declined, utilising most of their data

PLEASE CLICK HERE TO BE REDIRECTED TO MTE
   

Speed of the essence?

We have this week received an enquiry via our website from an introducer, which offered in two days.

The lenders AIP was input and passed first time on day 1. The enquiry was then converted to a full application via information received from the introducer. The valuation was carried out later the same day and returned to the lender almost immediately. The lender then issued the offer on day 2.

When time is crucial, speak to the AToM team....

Turnarounds are subject to -
1)vendor availability for valuation
2)speed of information received from introducer
3)lender service standards (typically 24/48 hours)   

We would be grateful if you could spare 30 seconds to complete our survey. Click 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.