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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.

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Mortgage roundup – “Outstanding” products for lenders and consumers

The mortgage roundup column returns to bring you the latest news on mortgage products coming to the market, featuring Furness Building Society and Vernon Building Society,...

Over-55s in the South are three times as likely to use equity release

A new study from equity release lender more2life has uncovered the UK regions where using equity release to fund a house purchase is most common, with...

London ranked 3rd for global super-prime property availability

London estate agent Bective recently conducted a property market analysis. The findings show that London ranks third place for the third-largest available level of super-prime property...

The stamp duty holiday made first-time buyers £25k worse off

Market estate agency comparison website GetAgent.co.uk recently revealed how the stamp duty holiday has made house prices difficult for the first-time buyer to afford. GetAgent conducted research...

Home improvements lead demand for financing in lockdown, brokers say

There has been an increase in demand for financing to fund home refurbishment projects over the past six months. That is according to a recent survey from...

Living on a prayer - church related road names most popular for buyers

New research from estate agent comparison site, GetAgent.co.uk has found out which street names have proved the most popular with homebuyers across England and Wales so far...

Heavy fines should focus the mind on AML

Organised crime gangs and fraudsters are now thought to be responsible for up to $2trn a year in money laundering, which is being enabled due to...

UK homeowners borrowing more than ever to fund home improvements

According to new figures released by Mojo Mortgages, UK homeowners are now borrowing more money from mortgage lenders than ever before to fund home improvements. ‘Perfect storm’...

Cost of homes predicted to rise 30% by 2031 - study

House prices have continued to rise throughout the year, making it increasingly challenging for first-time buyers to join the property ladder. UK price comparison website Compare the...

Number of furlough friendly mortgage searches plummets – study

Data from Legal & General Mortgage Club’s SmartrCriteria tool found that searches for furlough friendly mortgage criteria continued to fall month on month between June and...

Study reveals owning a home costs more than buying a home

Research by an estate agent comparison site has found that the cost of homeownership has climbed by a great margin. GetAgent looked at the cost of stamp...

SmartSearch combats global money laundering with new weapon

Anti-money laundering specialist SmartSearch has launched a ‘new weapon’ in the ongoing fight against dirty cash being cleaned around the world through activities such as buying...

Marketing forum launches for mortgage professionals

A new membership-based community has launched for marketing professionals in the mortgage sector. The Mortgage Marketing Forum promises to provide knowledge, support and inspiration, with the objective...

Covid concerns – majority of sellers vet buyers before viewings

The threat of Covid remains a worry for the majority of home sellers when it comes to allowing prospective buyers into their homes during the viewing...

Mortgage Magic unveils new app for subscribers

Mortgage Magic, the provider of one of the UK’s most advanced CRM and mortgage management platforms, has launched an app that provides a private portal between...

Buying property with a partner: Expert tips on protecting your finances

James Andrews, senior personal finance editor at money.co.uk, offers up top tips on how those planning to purchase a home with their significant other can protect...

Majority of brokers will adopt a hybrid approach to work post-Covid

Some 64% of brokers will adopt a hybrid approach of remote work and face-to-face working despite the lifting of pandemic restrictions. That is the result of TMA...

New SoMo deal rewards brokers with favourable rates

Bridging loan firm SoMo has launched a new specialist finance product giving favourable rates for larger loans. The product is designed to reward SoMo’s loyal customers and...

Loans Arena – team expansion, revamped brand and new website

Mortgage and protection advisor Loans Arena has launched a brand-new website and expanded its team to align with its revamped brand. The London-based company, founded in 2012...

Tembo raises £2.5m to help tackle the ‘poverty premium’

Tembo, a London-based FinTech on a mission to transform consumer lending through the power of family, has announced that it has closed a £2.5 million funding...

Asking prices dipped across the market following stamp duty holiday deadline

Research by GetAgent has revealed how asking prices across many areas of the property market tumbled in the wake of the initial stamp duty holiday deadline...

Homebuying app launched to educate first-time buyers on mortgages

New data has found that 89% of mortgage advisers believe first-time buyers need more education on purchasing a property and what is needed for a mortgage...

70% of sellers decide immediately whether or not to sell to a buyer

New research carried out by virtual property viewings platform, U-See Homes, suggests that a bad impression during the viewings process can be a costly mistake for...

Secure a discounted property purchase in these London boroughs

London lettings and estate agent Benham and Reeves recently publicised which London boroughs homebuyers can purchase a property at a reduced price. Compared to the start of...

92% of brokers confident about their prospects over the coming year

Broker optimism has increased since the beginning of 2021, according to a recent survey from savings accounts, bridging loans, development finance, and mortgage provider Masthaven Bank. Of...

One in two first-time buyers don't understand mortgage process

According to a YouGov survey by insurance provider Paymentshield, half of UK adults under 35 are mystified by the mortgage process. The findings from the research show that there...

Mortgage roundup – entering the mortgage market and slashing rates

Roma Finance has launched new bridging and development ranges with improved rates and enhanced criteria. The new bridging range, called RomaPrime, is designed for borrowers with a...

73% of buy-to-let landlords prefer brokers for the best loan

A recent study conducted by Hodge asked portfolio buy-to-let landlords and brokers for their opinions about finding the best loan. The new research from mortgage, lending, and...

Rising property prices lead to property sales falling through

Although record property sales and skyrocketing house prices have dominated the headlines, new figures suggest that the rosy picture of the property market is not as...

Furlough phase out – what to do if you can’t pay your mortgage

As furlough support has begun to phase away from July 1 2021, there is still concern that this could lead to redundancies as businesses begin to...

Q&A - should financial advisers adopt technology into their business?

Ozgur Unlu, managing director of 360 Dotnet, addresses the key items and points for financial advice businesses to consider when adopting technology. What do businesses need to consider...

Insight – will there be a rise in virtual tour voyeurism?

Half of UK homebuyers admit to viewing a property without the intention of buying, with 16% going as far as viewing in person, a study by...

First Financial welcomes new recruits through apprenticeship scheme

London-based financial services firm First Financial has announced the appointment of Eloise Bates & Zoe Waugh as Apprentice Client and Relationship Manager. Bates joins the team with...

Homeowners forced to use savings for maintenance costs

According to new research from the homebuying platform, YesHomebuyers,  the majority of UK homeowners spend between £500 to £1,500 a year on household maintenance. Most homeowners are...

Revealed - 5 tips to overcome financial anxiety 30% of Brits have

Over the past year, many have experienced changes to their financial situations. With this in mind, Shawbrook Bank conducted a study that revealed what concerns and...

Legal & General announces second virtual event for brokers

Legal & General has announced the return of its Virtual Summer Conference which takes place today and tomorrow (July 6-7 2021). The flagship conference, which returns in...

Advisers believe more clients will look to equity release to meet basic needs

Research from equity release lender, more2life, shows that 78% of advisers think more of their customers will look to equity release to support basic retirement needs over...

Mortgage roundup – power products and lowered rates

West One Loans’ buy-to-let (BTL) division has released new products to meet increased demand in the market. The raft of new product changes includes two new five-year...

Property market backlog causes 5.6 month homebuyer wait time

Across England and Wales, many homebuyers have made use of the stamp duty holiday. The land tax discount encouraged many to move in time for the...

Majority of UK households call for cheaper mortgages for greener homes

New research from energy company Vattenfall reveals 61% of Brits believe mortgages should be cheaper if they are loaned on homes that emit fewer emissions. What are...

Tennis-related road names can increase house price value up to 226%

Tennis is undoubtedly one of the most popular sports in the United Kingdom. Whether watching television, live streaming online or physically present at a tournament, thousands...

Mortgage roundup – slashing rates, partnerships and green mortgages

The Nottingham has introduced a new larger lending mortgage aimed at those looking to borrow over £350,000. Priced at 1.85%, the two-year fixed 80% loan-to-value (LTV) product...

Advisers warned against rushing AML checks to beat stamp duty holiday

As the first stage of the stamp duty holiday (SDLT) draws to a near close on June 30 2021, many homebuyers are rushing their mortgage applications...

Study – Bank of Gran and Grandad gift almost £1 million a day

According to new research from equity adviser Key, the Bank of Gran and Grandad has gifted nearly £1 million a day during the stamp duty holiday. The...

Smartr365 and Experian tie-up set to transform credit checking process

Smartr365 and Experian tie-up set to transform credit checking process Smartr365, an end-to-end mortgage platform, has launched its commercial and strategic partnership with the leading global information...

Tier One Capital secures £6.5m additional funding for investment fund

Wealth management and property lending specialist Tier One Capital has secured a £6.5 million revolving credit facility from Shawbrook Bank for the TOC Property Backed Lending...

Study – price deters first-time buyers from seeking mortgage advisers

According to new research by MetLife UK, 43% of prospective and current homeowners admitted to using a mortgage adviser or broker to secure their mortgage.  The biggest...

Survey shows two viewings is all it takes to find the perfect property

New research from U-See Homes, a next-generation guided virtual property platform, shows just how rapid the decision-making process right before buying a property is. In a...

PropTech – new desktop application and hybrid brokering services

Advise Wise has launched a desktop application to allow advisers to access its platform directly from their desktop, with just a single click. The move follows the...

Shock results as Brits choose mortgages over marriage

According to new research from Direct Line Life Insurance, 6.3 million Brits would choose marriage over a mortgage. The research also reveals that the average cost...

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