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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

Parents provide financial aid to one in four new buyers, research shows

The Bank of Mum and Dad is very much prevalent, with recent research showing that UK parents will help 316,000 young adults purchase their first home...

First-time buyers push through summer property transactions

The proportion of sales made to first-time buyers rose by five percentage points to 29% in June, the highest figure recorded since February, according to NAEA...

Hinckley & Rugby joins Legal & General panel

Legal & General Mortgage Club has welcomed Hinckley & Rugby Building Society to its panel. Hinckley & Rugby’s range of mortgage products – including residential, buy-to-let, portfolio,...

Customers of the ‘Big Six’ lenders are paying £900 over the odds

Borrowers opting for the ‘cheapest’ mortgage deal with one of the UK’s ‘Big Six’ lenders could be paying almost £900 over the odds, according to Trussle. The...

Managing director of Bluestone Mortgages steps down

David Torpey will stand down from his position as the managing director of Bluestone Mortgages at the end of the year. Having worked closely with the wider...

Scottish Building Society launches retirement interest-only mortgage

Scottish Building Society has added a retirement interest-only (RIO) mortgage to its range of products for older people. Since the Financial Conduct Authority (FCA) proposed improved access...

L&G Mortgage Club partners with nine lenders

Legal & General Mortgage Club has announced the addition of nine new lenders to the Mortgage Club panel. Chorley Building Society, Newbury Building Society, Together Money, Earl...

Major lenders committed to the new Lendex gateway

Mortgage Brain’s next generation lender gateway, Lendex, will now be used as a digital mortgage transaction tool by nine major lenders. Lendex, announced last month at Mortgage...

Pepper Money slashes prices

Mortgage lender Pepper Money has revamped its pricing, cutting some rates by up to 0.55%. The biggest reductions are available on Pepper 12 for borrowers who have...

Foundation Home Loans introduces ‘Large Loan’ buy-to-let product

Foundation Home Loans has unveiled a new ‘Large Loans’ product which will enable larger buy-to-let loans of up to £1.5 million. Available to both individuals and limited...

TBMC launches buy-to-let client referral service

Buy-to-let mortgage specialist, TBMC has launched a new client referral service aimed at authorised brokers to help them handle complex buy-to-let cases. Brokers who wish to refer...

Mortgage lender launches short-term loans to landlords using AirBnB

The Tipton & Coseley Building Society is now accepting applications for second homes and holiday lets. The launch enables borrowers to rent properties out on shorter and...

National intermediary sales manager to leave Accord

Accord Mortgages’ national intermediary sales manager, David Robinson, is set to leave the company at the end of July. Having been with the Yorkshire Building Society Group...

Poor advice leaves buy-to-let landlords at risk of high tax bills

Failure to seek expert advice is leaving buy-to-let landlords at risk of high tax bills that could have been avoidable, according to three industry experts. In a...

Retirement Advantage enhances unique BTL product range for older landlords

Retirement Advantage has announced new enhancements to its range of mortgage products aimed at older landlords. Last year, the retirement income provider launched its Over 55 Buy-to-Let...

Summer sales on the up in UK property market

The national month-on-month figures for new listings ‘for sale’ reached 9.4%, while the amount of properties sold sat at 6.2% in June, the latest data from...

OMS and Kent Reliance launch the first two-way DIP integration

One Mortgage System (OMS) has become the first to fully integrate with Kent Reliance for intermediaries across its specialist buy-to-let and residential mortgage products. Users of OMS,...

Overcomplicated language dissuades people from switching mortgages

Across the UK adults are signing away the biggest financial contracts of their lives without fully reading or comprehending them, new research from online mortgage broker...

BTL market entering stable period, says Mortgage Brain

The buy-to-let sector could be entering another period of stabilisation, according to recent analysis carried out by Mortgage Brain. The cost of buy-to-let mortgages remain at record...

Supply up in May as sellers prepared for summer slowdown

The proportion of homeowners selling up increased in May, as sellers tried to secure offers before the housing market’s typical summer slowdown. That’s according to NAEA...

Commercial Trust warns landlords over limited company incorporation

A specialist buy-to-let mortgage broker has urged buy-to-let landlords to take a cautious approach and seek expert advice when it comes to incorporating their property business...

3mc partners with Precise Mortgages to offer Help to Buy exclusives

Mortgage distributor 3mc has launched a range of exclusive Help to Buy products in partnership with Precise Mortgages. As a result, the products will include enhanced...

Energy Efficient Mortgages Initiative launches pilot scheme

The Energy Efficient Mortgages Pilot Scheme was recently launched at an event in Windsor by the Energy Efficient Mortgages Initiative. The Initiative aims to deliver 'a standardised...

Bluestone Mortgages announces partnership with technology firm

Bluestone Mortgages has partnered with Twenty7Tec, a leading provider of technology solutions to the lending industry. This means Bluestone is the first lender to fully integrate its...

Specialist lender extends borrowing limits across its BTL range

Foundation Home Loans has extended its borrowing limit and reduced rates across its buy-to-let range. This includes products for limited companies and individuals with prior landlord...

Mortgage Brain events reveal firm’s strategy and vision to lenders

UK lenders were given an insight into Mortgage Brain’s vision and technology strategy for the next generation at three exclusive events held last week. At the three...

Specialist lender launches limited edition buy-to-let range

A new 5-year fixed-rate buy-to-let range with reduced rates and product fees to support brokers and customers has been launched by specialist lender Precise Mortgages. The new...

UK property market activity remained consistent in April

April saw significant purchasing and remortgaging activity following forecasts suggesting an interest rate rise in May, according to the Mortgage Advice Bureau’s National Mortgage Index. Homebuyer borrowing...

Successful first-time buyer mortgage applications reach two-year high

Over three quarters (76%) of first-time buyers’ mortgage applications via intermediaries resulted in a completion in Q1 2018, the highest number since 2016. According to the latest...

Landlords favour limited company status for new BTL purchases

Nearly two out of five (38%) landlords will use limited companies to buy properties over the next year compared to 28% as individuals, new research conducted...

Bank of Mum & Dad – are parents charging their children interest?

Some 25.6% of parents said they would charge interest on a home loan to their children, a new study from UOWN has shown. While securing funding from...

Masthaven improves long-term lending product offering

Specialist lender Masthaven has announced the launch of a first charge residential three-year fixed rate mortgage and other product enhancements to its long-term lending product range. The...

Furness bolsters buy-to-let product range

Furness for Intermediaries has announced the development of its Buy-to-Let and Holiday Let product range. The new two-year discounted variable unregulated buy-to-let products include a rate of...

Brokers are using technology to keep ahead of competition

Mortgage advisers are embracing new technology faster than any other time following the credit crunch, according to Criteria Hub. The online deep search engine, which recently announced...

Shieldpay to ‘revolutionise’ moving day process in the UK

The UK’s first digital mortgage settlement has been carried out by Premier Property Lawyers and Shieldpay, bringing transformation to the £245 billion mortgage market. Premier Property Lawyers...

New head of intermediaries for Furness

Furness Building Society has appointed Alasdair McDonald as head of intermediaries McDonald has over 25 years of experience in the financial services industry and has held leadership...

Brightstar launches specialist lending workshops

Brightstar Financial has launched a series of specialist lending workshops to help brokers engage with the market more effectively. Merging with some of the UK’s leading lenders,...

TMA Club adds Masthaven to its lender panel

TMA Club has welcomed Masthaven, the specialist lending bank, to its lender panel to provide a broad range of products to its members. This includes buy-to-let and...

Five-year fixed buy-to-let mortgage rates still falling

The average cost of five-year fixed rate buy-to-let (BTL) mortgage products declined in the first quarter of 2018 despite the steady increase in five-year swaps, according...

Majority of homeowners would turn back time to use a mortgage broker

Some 81% of UK homeowners who purchased a home in the last year would consider a mortgage broker if they were securing their mortgage again, according...

Mortgage Brain completes £2.5m office expansion

After a period of expansion and steady growth, Mortgage brain has completed a £2.5 million redevelopment of its office in Croydon. The refurbished office follows the addition...

Keystone makes reductions across all rates

Specialist lending brand Keystone Property Finance has reduced all rates across its classic range. The cost of a two-year fixed rate at 65% loan-to-value (LTV) now starts...

Landlords opt for five-year deals after PRA changes

Landlords have increasingly been switching to five-year fixed rate products over the past two years, new data from Commercial Trust Limited has shown. Back in 2016, two-year...

Over-55s are using lifetime mortgages to upsize

A growing group of over-55s are using lifetime mortgages to fund property moves to more expensive homes, a study from OneFamily has revealed. Homeowners who are retired...

Mortgage costs drop during Q1 2018

The cost of most mainstream mortgages were down when compared to the start of last year, according to the latest quarterly product data analysis by Mortgage...

Hanley Economic BS changes criteria across near prime product range

Hanley Economic Building Society has introduced two criteria changes across its near prime product range. Borrowers who have been in a Debt Management Plan for over 12...

Criteria Hub helps lenders improve product offerings

Criteria Hub, the criteria search engine for networks, clubs and mortgage advisers, is providing lenders with useful product point feedback via enquiries from broker users. According to...

ABC completes £15m loan to finance Brockhurst Gate Retail Park

Alternative Bridging recently completed a £15 million loan to fund Millingate’s development of Brockhurst Gate Retail Park – its largest loan to date. ABC first supported the...

Foundation Home Loans reveals new rates on BTL range

Foundation Home Loans has launched a new 5-year fixed rate deal across its buy-to-let (BTL) range, aimed primarily at portfolio and non-portfolio landlords. Known as ‘Standard Plus’,...

Demand for five-year fixed deals drops to annual low

Demand for five-year fixed rate remortgages has fallen to the lowest level since July 2017, according to conveyancing service provider LMS. The proportion of borrowers opting for...

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