Interest Only

Overview

- The Mortgage Market Review has thrown fresh emphasis on the need for lenders to understand their borrowers’ ability to repay interest-only loans when their terms end.

- The Financial Conduct Authority estimates 80 per cent of interest-only account holders have no valid repayment strategy in place.

- Various interpretations of the Review have concluded this means lenders should proactively contact customers.

- By working collaboratively with our client partners, HML can implement agreed strategies to understand borrowers’ repayment strategies.

Benefits we deliver

ENHANCED PERFORMANCE

  • Get specialist support, enabling you to stay focused on your core business 
  • Work collaboratively with HML to identify potential repayment  options for customers without a current strategy

IMPROVED EFFICIENCY AND EFFECTIVENESS

  • Be confident your customers are dealing with a Financial Conduct Authority authorised entity with TCF at the heart of its operations.
  • Analytical insight to segment your portfolio and devise appropriate, targeted contact strategies

SPEED AND QUALITY OF EXECUTION

  • Address the issue early and with the confidence you are partnering with an established mortgage administration expert.
Our capability
  • Currently administer nearly 400,000 accounts
  • Rated by Fitch and S&P for primary and special servicing in the UK and primary servicing in Ireland
  • Specialist knowledge across all aspects of mortgage  administration and arrears management
  • Authorised and regulated by the Financial Conduct Authority
  • Award winning 400+ seat contact centre
  • Use a blend of people and technology based solutions to deliver an agreed strategy

OUR PRODUCTS

  • Contact campaign to gather information on borrowers’ repayment strategies
  • Affordability assessments based on pre-agreed criteria
  • Field inbound enquiries on your behalf
  • Collect voluntary overpayments
  • Field agent counselling management

Want to know more about this proposition?

For UK enquiries call 01756 776729.

For Ireland enquiries call 01 234 2559 or contact us online.

Request more information Generate PDF

Related

16 May 2013
Good discussion on LinkedIn Interest-Only Mortgages Group about hot topics at the @cmlevents IO conference. What do you want to find out?

16 May 2013
FT Adviser has picked up our regional IO PR, http://t.co/wjrVuXUSp6 while @kati_tyler blog looks great on MI http://t.co/KawDkT1zIu

14 May 2013
HML's John Grimbaldeston and Martin Berry will be at the @cmlevents Interest-Only Mortgages Conference on May 22nd. Make sure you say hi!

14 May 2013
Why are borrowers quick to convert to interest-only?

13 May 2013
Interest-only customers can benefit from part and part