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Here is today's latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.

Breaking News

Over 250,000 homeowners expected to struggle to refinance their property

New research by Kensington Mortgages has revealed that interest-only mortgages are a significant problem in the financial system. The specialist mortgage lender predicted that by January 2024,...

Loan to income multiplier rises at Hinckley & Rugby

Hinckley & Rugby Building Society has increased its loan to income (LTI) multiplier across its residential range for applications where the loan-to-value (LTV) is up to...

Trussle hosts ‘digital march’ to fix broken mortgage system

Trussle, the UK’s first online mortgage broker, is campaigning for fairer mortgages. The company has launched a manifesto which seeks to champion homeowners over the big banks,...

Paragon refreshes buy-to-let mortgage range

Paragon has updated its buy-to-let mortgage products for spring 2019. The restored range includes a choice of two and five-year fixed rate mortgages for portfolio landlords and...

The Nottingham launches lifetime ISA online

Nottingham Building Society has cemented its position as a leading Cash Lifetime ISA (LISA) provider as it becomes the only society to offer the savings account...

Fluent Money expands floor space to support business growth

Fluent Money is taking another 1,400 sq ft in its head office building in Horwich, near Bolton. This follows a combination of growing business and increasing staff...

Nearly 200,000 annual movers are ‘last-time buyers’, IMLA reports

Over-55s now make up nearly 200,000 owner occupier housing transactions in England each year, according to the latest study from the Intermediary Mortgage Lenders Association (IMLA). The...

Knowledge Bank notes shift in broker searches

There has been a shift in broker searches regarding equity release, while searches for lenders that allow houses of multiple occupation (HMOs) appeared in the top...

Brits only own a kitchen and bathroom when beginning a mortgage

Brits only own the equivalent of an average-sized kitchen and bathroom at the point of officially entering into a mortgage, according to research by MoneySuperMarket. The price...

LendInvest secures £200m funding for entry into home loan mortgages

LendInvest has secured funding of up to £200 million from HSBC UK to bring further capital to its platform. With this new funding, LendInvest will be able...

Roma Finance launches bridge to term product

Manchester-based bridging and development finance lender, Roma Finance, has secured institutional funding for a medium-term mortgage product. The five-year buy-to-let mortgage is initially being offered to existing...

Brokers should be involved in specialist lending, says adviser

CLS Money has announced another record year for new business, with specialist first charge lending being largely responsible for the company’s success. New business volumes at Essex-based...

Pure Retirement’s servicing portfolio surpasses £1 billion

Pure Retirement has announced that it is now servicing over £1 billion of loans for the first time in its history. The news follows the recent expansion...

‘Best Conveyancing Firm’ revealed at Mortgage Strategy Awards 2019

My Home Move has won the title of ‘Best Conveyancing Firm’ at this year’s Mortgage Strategy Awards. This award follows the firm recently combining with The Simplify...

Is Help to Buy dying? London sales fall by 64%

The number of properties available in London under Help to Buy (HTB) has declined by 64% since 2017, according to modular homes provider Project Etopia. The government’s...

TBMC launches new website for intermediaries

Buy-to-let mortgage specialist TBMC has launched its new website for intermediaries. Through the website, users can now maximise the potential of the tools and resources that the company...

Hinckley introduces four new joint borrower sole proprietor mortgages

Hinckley & Rugby Building Society has launched four exclusive mortgages for residential Joint Borrower Sole Proprietor (JBSP) applications. All four mortgages are fee-free and designed to enable,...

Hinckley adds more professions to its bespoke mortgage range

Hinckley & Rugby Building Society is now granting lawyers, barristers and accountants access to its specialist range of bespoke mortgages. The professions will join the ranks of...

MCI Club chooses Auxilium as its new protection partner

MCI Club has appointed Auxilium Partnership as its members’ protection partner. Offering a comprehensive lender panel and other services, MCI now has access to a range of...

First-time buyer mortgage completion rate at three-year high

First-time buyers (FTBs) saw their completion rate for mortgage offers through intermediaries reach a three-year high of 89% in Q4 2018. That is according to the latest...

Robo advice provides brokers with better ways to serve customers

The launch of business-like mortgage monitor, Dashly, and hybrid mortgage broker, Ladder, are a positive development from the broker sector of the mortgage market, according to...

Mortgage Brain completes acquisition of Criteria Hub

Mortgage Brain has completed the acquisition of criteria-based sourcing solution, Criteria Hub. The mortgage technology expert says the purchase further cements its position as one of the...

Auxilium aims to revolutionise protection sector

Auxilium Partnership has announced that it will show intermediaries an alternative way of responding to their clients’ protection needs. The firm – which is headed by protection...

HLP and MSN host ‘open-to-all’ business conferences

HL Partnership (HLP) and Mortgage Support Network (MSN) have announced that they will host a series of eight regional conferences in March. Open to members and advisers...

Hinckley & Rugby added over £50 million to mortgage book in 2018

Hinckley & Rugby Building Society added more than £50 million to its mortgage book in 2018, driven by high levels of borrower retention. The 8% rise to...

Fluent for Advisers expands development team

Fluent for Advisers has announced the appointment of two new Business Development Officers (BDOs) to its internal sales team, and a new Business Development Manager (BDM)...

Portal allows brokers to showcase their brand to customers

Mortgage advisers are now able to showcase their professional image to customers by adding their own branding and personalisation to The Key’s digital Client Portal. The latest...

Saffron launches upgraded affordability calculator

Saffron Building Society has launched a renewed affordability calculator to assist brokers and their customers when choosing a new residential mortgage. Findings from the enhanced tool can...

Landbay partners with MCI Club

Buy-to-let mortgage lender Landbay has announced a new partnership with The Mortgage Compliance & Insurance Club (MCI Club). The partnership will provide MCI Club’s intermediaries with a...

Shawbrook helps investor with £3.35m refinance on nine HMOs

Shawbrook Bank and the newest addition to its ‘Strategic Partner’ panel, Sirius Property Finance, helped an experienced investor to remortgage nine HMO properties worth £3.35 million. The...

Hanley Economic launches no fee two-year BTL fix

Hanley Economic Building Society has launched a no fee two-year fixed rate buy-to-let product at 60% loan-to-value (LTV) with a rate of 1.84%. The product has no...

Shawbrook appoints new director of commercial investment

Shawbrook has announced the appointment of Rob Lankey as director of commercial investment. Lankey joins the specialist lender after a long career at the forefront of the...

Connect adds Lenderlink and Fluent Money to second charge panel

Connect for Intermediaries has announced the addition of specialist brokers Fluent for Advisers and Lenderlink to its second charge panel. Connect’s ‘Network Members’ will have access to...

Fluent Money Group expands to Bolton

Lending distributor Fluent Money Group’s recent expansion has seen a significant increase in personnel, with over 250 employees based at its Horwich Head Office, outside Bolton. Originally...

Hinckley first UK lender to launch digital mortgage application system

Hinckley & Rugby Building Society is the first UK lender to go live with an innovative digital system developed in Denmark. Developed by Festina Finance, the system...

HLPartnership and Mortgage Support Network confirm later life lending seminars

HLPartnership (HLP) and Mortgage Support Network (MSN) will be hosting two seminars focusing on later life lending following their successful January roadshows on technology and marketing...

Customer relationship management tools free for appointed representatives

HLPartnership (HLP) and Mortgage Support Network (MSN) have announced that 360’s suite of marketing modules – normally paid for extras – will now be free to...

Leek United launches fixed rate mortgages with interest only options

Leek United has launched a new suite of mortgages including fixed rates with interest only, cashback and no fees options. Its new interest only two-year fixed rate...

Lenders have too much power over borrowers, says report

Over two thirds (68%) of British people think lenders have too much power over borrowers. The findings come from new online polling conducted by YouGov for the...

Advisers need to take a second-time approach in the protection market, says broker

Mortgage broker CLS Money is targeting protection advice as a vital part of its growth strategy in 2019. The Essex-based company also aims to concentrate on reviewing...

Mortgage rejection common among young homeowners

One in six mortgage holders have been rejected for a mortgage in the past, according to new research from Which? Mortgage Advisers. The survey found that one...

Pure Retirement launches new mobile app for advisers

Pure Retirement has announced the launch of its new adviser-facing mobile app. Believed to be the first of its kind in the British equity release sector, the...

Paragon achieves successful mortgage lending in Q4 2018

Paragon Banking Group has reported a 41% increase in new lending across all business lines in the last quarter of 2018. With a total of £661 million...

Brokers should prepare now to help mortgage prisoners

Mortgage brokerage CLS Money has warned advisers that it’s high time they revisit all of their customers who have struggled to remortgage and have since become...

Newbury Building Society launches retirement interest-only mortgage

Newbury Building Society has launched its first retirement interest-only (RIO) mortgage to support borrowers in their later life. Applicants must be a minimum age of 60 years...

Yellow Stone Finance launches referral service

Yellow Stone Finance has launched a referral service for intermediaries to place commercial property and business funding cases for brokers who would prefer to focus on...

Hinckley introduces cashback mortgage for first time this century

Hinckley & Rugby Building Society has launched a new cashback mortgage with no completion fee. The new residential mortgage is a two-year fix which gives the borrower...

Pepper Money grows sales team with new business development manager

Pepper Money has increased its sales support for brokers with the appointment of a new regional development manager for the North East. Mark Wilkinson joins Pepper Money...

Advisers should ask the right questions, says Paymentshield

Insurance administrator Paymentshield has launched a free online guide for advisers to stimulate conversations that could result in increased business and better customer outcomes. The guide, titled...

HLPartnership and Mortgage Support Network open Tech workshops

Mortgage and protection networks, HLPartnership (HLP) and Mortgage Support Network (MSN), are inviting non-members to join them at their technology and marketing workshops taking place this...

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