Landbay partners with MCI Club

Landbay has announced a partnership with The Mortgage Compliance & Insurance Club.

The partnership will provide MCI Club intermediaries with a range of products for portfolio landlords, first-time landlords and limited companies that cover HMOs, MUFBs, and new build properties, among others.

The club’s brokers will also be granted access to Landbay’s online intermediary portal, which includes case tracking features and a property portfolio key.

Landbay managing director of intermediaries Paul Brett comments: “We are constantly looking at new ways to open up access to a wide range of brokers.

“This partnership is a testament to our growth ambitions this year, and we look forward to working with MCI Club.”

MCI Club managing director Phil Whitehouse adds: “Our philosophy aims to offer our intermediaries market-leading benefits and unique solutions.

Introducing Landbay to our lender panel is a way to give our members access to cost efficient innovative products, which come hand-in-hand with Landbay’s market insight.

“The buy-to-let landscape is getting ever more complex, and we are continually striving to meet the evolving demands of our clients.”

MCI Mortgage Club has added Principality Building Society to its lender panel

Principality recently increased its maximum loan size to £500,000 for residential mortgages up to 90% LTV across England and Wales.

Emma Graham, Principality Building Society’s national account manager, said: “It’s fantastic to be able to offer our proposition to a wider audience of brokers through MCI’s growing panel. As a member-led organisation our underwriters do not follow a standardised approach and treat every customer as an individual, applying common sense to all lending decisions.

“We look forward to working with advisers to help them place both straightforward and complex cases.”

Phil Whitehouse, managing director of MCI Mortgage Club, added: “I am delighted to add Principality to MCI’s growing lender panel. At MCI we are keen to ensure that our members have access to a comprehensive panel and the addition of Principality as an award-winning building society delivering a superb service proposition will be a great addition.”

Principality added to Direct Lender Panel

At the end of last year MCI Mortgage Club expanded our panel of Lenders with the addition of Together Money and Fleet Mortgages as our most recent additions.

As we start 2019 MCI can announce a further addition to our growing panel as we have now added “Principality Building Society” and we don’t plan to stop there so look out for additional lenders in the coming weeks.

Registering with Principality could not be easier.

Simply go to: and ensure you select your mortgage club as MCI.

Principality told us that they help intermediaries succeed through a strong professional relationship and to deliver the service you require. They have a team of Business Development Managers who are committed to using their expertise and experience to help give you the dedicated support, service and assistance you need to do business quickly and easily.

Benefits of doing business with Principality:

  • Technology backed application processing which means mortgage offers can reach your customers quickly
  • Underwriting decisions are not automated, each application is individually reviewed by the underwriting team
  • Supported by a team of experienced people who can discuss your application, policy and criteria.

If you are already registered with Principality but want to change your payment route to MCI Club, simply register again and select MCI Club as you currently can only have one club registered for your business.

Remember for every 6 cases completed through MCI Club each month your Mortgage Keeper license fee can be refunded my MCI Club*

The good news keeps on coming as we have secured generous net procuration fees matched against all other Clubs.


Product Type                                     PROCURATION FEE TO INTERMEDIARY

Residential Products                               0.38% Min £160   Max £2375

BTL Products                                           0.40% Min £175   Max £2500

Product Transfers (Resi&BTL)               0.18%


For more information please contact MCI’s Broker Help Desk on 01275 400669 or MCI’s Business Development Manager Ronnie Molloy on Ronnie.molloy@mciclub.comor call on 07523 912644.

Watch this space for more Lender news in the coming weeks.

Kind regards

MCI Team

Get a flying start to 2019

Get a flying start to 2019

An estimated 750,000 mortgages are due to mature in H1 2019.¹ So there’s never been a better time to boost your remortgage business. And we’re ready to help you make the most of this opportunity.

To guarantee a hassle-free start to 2019, we’re launching a limited edition special service promise to support your remortgage business.

New service promise

For residential remortgage cases up to 65% LTV, we promise to take your fully-packaged application to Offer in five days, or we’ll give your client £100. This applies to applications submitted in January, terms apply.

For other applications, our 10-day service promise still stands.

This new service promise is just our way of helping you get your business off to a flyer in January.

To find out more, talk to your dedicated Business Development Manager.

The Virgin Money Intermediary Team


  1. Virgin Money analysis based on stock mortgage data from the CACI mortgage market database September 2018.

Together Money Join MCI Club Panel

We are pleased to announce that Together Money has today joined our panel of lenders at MCI Club.

Together money has over four decades of experience within the mortgage industry and to quote their website ‘we’re ordinary people, helping ordinary people.’  Together money offers a range of mortgage, bridging & secured loan products to individuals and business.

Registering with Together Money couldn’t be more simple just head to and click registering, ensure to select “MCI Club Limited” as your payment route.

If you are already registered with Together then simply visit and choose MCI Club as your payment route.

The procuration fees are extremely competitive:
Residential & BTL               0.60% gross   0.55% net to intermediaries
Non regulated Bridging    1.00% gross   0.95% net to intermediaries

We have updated all mortgage sourcing systems, so you should start to notice Together begin to appear on your sourcing results.

For more information about MCI’s panel of lenders head to alternatively email or ring 01283 400669
Keep an eye out for more news bulletins in the New Year when we will be announcing even more lenders joining our Panel.

Portfolio landlords? Come on in.

 Virgin Money accepts mortgage applications from portfolio landlords. Their doors are open! Just follow these three simple steps:

Three simple steps

  1. Complete your mortgage application as you normally would.
  2. Once you have an accepted Decision in Principle, use the BTL hub to upload details of your client’s property portfolio in seconds. They’ve partnered with eTech, making this quick and easy.
  3. Send them details of your client’s cash flow and business plan, along with other supporting documents.

For full details of the portfolio lending policy, view the sales aid or talk to your dedicated Business Development Manager.

Buy-to-let lending. Less stress, more yes

We’ve improved the way we stress-test your clients for buy-to-let mortgages. Which means we say yes to more customers. Good news for you, and them.

First, the interest rate stress on 5 year fixed products is now 5.00%

We’ve lowered our interest rate stress for 5 year fixed rate products to 5.00%.

For all other products, the interest rate stress is 5.50%.

Second, the straight balance swap interest rate stress has reduced from 5.99% to 5.50%

Buy-to-let remortgages with no additional borrowing are now offered at a lower interest rate stress of 5.50% across all products, at 125% of rental income.

For full details of our current buy-to-let policy, visit our website or talk to your dedicated Business Development Manager.

Royal Bank of Scotland & NatWest Minimum Switcher Balance Reduction

The Royal Bank of Scotland & NatWest has signed up to the voluntary UK Finance Agreement to help as many customers as possible to be in a better financial position by adhering to a standard minimum balance policy.

From the 9th November 2018, the minimum balance an existing Royal Bank Or NatWest customer must have in order to select a new deal with ourselves will be reduced from £25,000 to £10,000, meaning that all residential customers with an “able-to-switch” balance larger than £10,000 will be eligible to switch to a new mortgage product. As a result, all existing customers and all future roll-off customers who meet these criteria will be eligible to choose a new deal.

Included within this change, if any existing customers wish to port their existing Royal Bank or NatWest mortgage and purchase a new property and at the same time take additional funds on top of the balance they are porting, we will now allow any top up of over £10k (on top of the existing balance/product being ported) to be taken on a new purchase rate. Please note this is only when customers are porting and taking a top up at the same time.

MCI Club features in experts 2017 roundup

Phil Whitehouse, MCI Club managing director, has featured in Online Mortgage Advisor's roundup of whats to come in 2017.

The article pulls together over 20 of the top industry leaders, lenders, experts, economists and gurus from across the industry, to provide a comprehensive review of what's to come, covering hot topics such as Brexit, Lender Funding, Mortgage Criteria, House prices, and the Future of Buy-To-Let.

Phil provides extended insight into broker trends and comment from the mortgage club's perspective.

To read the article in full please visit it here.

Hodge Lifetime - The Interest only time bomb, how Hodge 55+ Mortgage can help

A couple come into your office, both in their late 50’s and still working full time they want some advice on their options in retirement, their most pressing concern? their existing interest only Mortgage and the fact they have not got the capital to repay it in just 5 years time.

Previously the most likely and possibly the only solution would have been to sell up, but this categorically isn’t what your clients want, this is their family home, close to their jobs, close to their hearts. Downsizing may be an option but not for many years. They have not been irresponsible, their hope had been that rising house prices over the long term would mean they built up sufficient equity to be able to more than repay the mortgage, this hasn’t happened. What next? Hodge Lifetime Explains