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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

Just Mortgages self-employed division to be 500 strong by 2022

The self-employed division at Just Mortgages is on track to be 500 brokers strong by January 2022. Speaking at the Just Mortgages Self Employed Conference at the...

MBE London Expo to feature Bank of England keynote presentation

Mortgage Business Expo (MBE) London, taking place on October 16, will feature a keynote presentation by the Bank of England (BoE). Rob Elder of the BoE will...

Average Bank of Mum and Dad mortgage contribution rises by £6,000

The Bank of Mum and Dad (BoMaD) is currently spending an average of £6,000 more than in 2018 to help loved ones onto the housing ladder,...

Green building sector supports energy efficient mortgages for Europe

The World Green Building Council (WorldGBC) Europe network has launched a new report to support the growth of the market so that energy efficient mortgages will...

Pure Commercial Finance secures £2.5m second charge bridging loan

Pure Commercial Finance saved a multimillion-pound development by sourcing £2.5 million of funding in just three days. The client, an experienced property developer who wishes to remain...

Thousands miss out on finding a better mortgage by not speaking to an adviser

Thousands of borrowers could be missing out on a better mortgage deal by not speaking to an adviser, research from Legal & General Mortgage Club has...

The Right Mortgage: it’s all about marketing, marketing, marketing

The Right Mortgage & Protection Network held its largest bi-annual event on how members can use marketing effectively to grow their business. The event took place on...

Mortgage Advice Bureau York wins national award

Mortgage Advice Bureau York has scooped the award for the Top Business Most Improved in the business category at its annual conference. Representatives from the mortgage industry...

Key expands corporate business development team

Independent equity release advisor Key has announced the expansion of its corporate business development team in response to growing industry demand. More banks, building societies, insurance companies...

Clever Lending launches new online portal for brokers

Clever Lending has launched a new online portal to enhance the way brokers manage their specialist lending enquiries and speed up the process for their customers. The...

Pure Retirement launches new product range for later life lending

Pure Retirement has announced the launch of its new product suite for advisers, named the Heritage range. The product, which is available whole-of-market, offers repayment flexibility without...

Professional landlord focus drives mortgage lending growth at Paragon

Specialist banking group, Paragon, has reported a 16% increase in first-half mortgage lending to £834 million – up from £721 million in the same period last...

The Nottingham extends retirement interest-only mortgage range

The Nottingham Building Society has added to its retirement interest-only (RIO) mortgage range to help with home ownership. Its two new offerings – a five-year fixed (3.55%)...

‘Reform stamp duty for downsizers’, says Dudley BS

Stamp Duty Land Tax (SDLT) in its current form is a ‘major obstacle’ to the housing market, particularly for older people wishing to downsize, according to...

Self-employed ‘jumping through extra hoops’ to secure a mortgage

Nearly three quarters (71%) of the UK’s growing self-employed population believe their employment status makes it harder to get a mortgage, according to Trussle. Currently, there are...

Paragon expands product range with short-term funding for landlords

Paragon is expanding its specialist buy-to-let mortgage range with new short-term finance products for property acquisition and refurbishment. The products are designed to help landlords planning to...

Bridging loan interest rates drop to lowest level as lending rises

Bridging loan interest rates fell to the lowest level in Q1 2019, according to the latest data from Bridging Trends. It found the average monthly rate on...

Synaptic’s ‘Webline’ portal now available through The Key

Webline, an online quote and e-apply portal from research software developer, Synaptic, is now accessible to mortgage advisers through a new systems integration with Mortgage Brain’s...

New service to aid mortgage applicants with lower credit scores

MortgageGym is adding four specialist lenders to its online platform for mortgage applicants with lower credit scores. These include Together and Precise Mortgages from the end of...

Newbury launches ‘home-to-branch’ mortgage video call service

Newbury Building Society has introduced a video call mortgage advice system following a successful pilot. The ‘home-to-branch’ Skype-style system aims to enable customers to undertake appointments with...

Five-year fixed rate mortgages more popular than ever before

More customers than ever are opting for an initial fixed period of five years or more when choosing a mortgage, according to Paragon. Its Financial Adviser Confidence...

Hinckley offers exclusive retirement interest only mortgage through L&G

Hinckley & Rugby Building Society has launched a Retirement Interest Only (RIO) mortgage exclusively through Legal & General Mortgage Club. Members of Legal & General can now...

Spicerhaart partners with Excel and TLT to launch interest-only resolution

Asset management specialist Spicerhaart Corporate Sales has joined forces with fact-finding experts Excel and UK law firm TLT to create an interest-only solution for lenders. The approach...

FIBA launches Block PI scheme to mark ‘significant milestone’

The Financial Intermediary & Broker Association (FIBA) has announced the launch of its own Professional Indemnity (PI) scheme for members in partnership with the PI insurance...

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)...

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