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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

Make way BoMaD – Bank of Gran and Grandad boosts FTB deposit funds

Older homeowners gifted an average of £42,500 to younger relatives to help them get on the property ladder in 2020, new data analysis from Key has...

Time to review the ‘UK’s outdated house buying process’, says firm

The managing director of bespoke property search firm Index West Midlands says the government must urgently review the UK’s ‘outdated and antiquated’ house buying process. Kate Bould...

New identity verification and AML product comes to market

Regulatory technology firm TruNarrative has expanded its product line-up with Know Your Customer (KYC) and anti-money laundering (AML) solution TruPortal. Established in 2016, TruNarrative’s decisioning platform is...

FTBs take three years longer to get on the property ladder – study

The time it’s taking for first-time buyers (FTBs) to save for their first home has grown by three years in some parts of the UK, according...

Mortgage memo – current bridging, BTL and lending trends revealed

Private Finance, an independent whole of market mortgage adviser, has released its latest mortgage memo for February. We outline its key findings below. Bridging: huge growth predicted as...

Together to offer short-term finance via L&G’s digital platform

Specialist lender Together has added its bridging products to Legal & General’s digital criteria service, designed to improve the process of brokers sourcing finance for their...

Covid causes 41% drop in sales despite stamp duty holiday – study

Residential transactions across England and Wales fell by 41% in 2020 when compared to the previous year despite a boost in the market from the stamp...

Mortgage roundup – five-year fixed products prove popular

The Nottingham has rolled out a new five-year fixed product as an option for people looking to remortgage in light of increased housing market uncertainty. With challenges...

Almost half of homeowners say they will never move again

Almost half (45%) of UK buyers found the process so frustrating that they’ve been put off the idea of ever moving home again, research from property...

‘Securing debt’ the most searched criteria in second charges

2021 looks set to be another year of change in the mortgage market, with the second charge market seeing the biggest shift in January, according to...

West One Loans BTL extends borrower exposure to £5 million

West One Loans’ buy-to-let (BTL) division has announced major criteria changes which will see maximum borrower exposure limits raised by more than three times current levels. The...

Dudley Building Society – strategic rebrand and product offers

Dudley Building Society has undergone a number of changes, including a logo transformation and launching some new and re-emerging products for borrowers, intermediaries and introducers in...

Mortgage rejections? Bad credit is to blame – study

More than one in four (29%) of buyers don’t believe their credit score is ‘good’ or ‘excellent’, according to specialist mortgage broker platform Haysto. Some 16% think...

Pure Retirement enhances marketing tool for advisers

Pure Retirement has launched a wealth of new adviser-facing resources as part of a wider commitment to supporting the broker community during the current climate and...

Shawbrook bolsters resi presence with The Mortgage Lender acquisition

Shawbrook Bank has strengthened its position in the residential and buy-to-let (BTL) markets with the acquisition of specialist intermediary mortgage business, The Mortgage Lender (TML). Shawbrook, a...

Buildings insurance blind spot could cost thousands – claim

In the rush to complete property transactions by 31 March, it would be too easy to overlook putting buildings insurance in place ahead of completion. That is...

New 1% product fee with Zephyr Homeloans

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced initial rates and introduced a 1% product fee option across its entire range. The new...

An outlook on the mortgage advice sector in 2021

As we leave behind one of the strangest years in memory, we anticipate starting fresh in 2021. With a buoyant housing market and the vaccine being...

Revealed – Covid’s ongoing effect on the housing market

Equity Release Supermarket (ERS) has reported the behavioural shifts and factors still influencing customers due to the ongoing effects of the pandemic. Recent data has revealed a...

Fluent Lifetime breaks into UK’s top five brokers

Fluent Lifetime, the equity release and later life subsidiary of Fluent Money Group, is celebrating after breaking into the top five brokers of the equity release...

Together increases digital valuations across product range

Together has updated its criteria to allow more automatic property valuations to reduce costs and speed up mortgage applications. The specialist lender estimates that the rule changes...

Bridging finance and the property market - a case for cautious optimism

Like most industries impacted by the Covid pandemic, the world of bridging finance has experienced a contradictory, sometimes stormy and altogether topsy turvy last twelve months. With...

Advise Wise launches webinar series with Equity Release Council

Advise Wise has unveiled a brand-new live webinar series in collaboration with the Equity Release Council. The initiative – Good Practice Checklist explained ­– aims to provide...

First-time buyers ‘offered no financial support’ from BoMaD

The majority (83%) of first-time buyers in the UK currently house-hunting have had no financial support from their parents, new research commissioned by Saffron Building Society...

Stamp duty holiday on course to save homebuyers £1.5bn – claim

The current stamp duty holiday has already saved homebuyers an estimated £817 million, with the potential to reach £1.5 billion before the March deadline, according to...

Home-buying hopes wrecked for a fifth of Brits in 2020

Almost one in three UK adults intended to buy a home in 2020, but only a third managed to progress their plans, according to a study...

Paymentshield cracks open 2021 ‘technology war chest’

General insurance (GI) specialist Paymentshield is fast-tracking a series of technology investment, which it describes as its ‘war chest’, to help advisers battle the economic impact...

The Nottingham relaunches 90% LTV mortgages for borrowers

The Nottingham has announced the relaunch of 90% loan-to-value (LTV) mortgages for potential borrowers. In what is described as more good news for those with smaller deposits,...

Revealed – cities with the most and least hours needed to pay off a mortgage

It can seem like a lifetime to reach the final instalment of a mortgage payment. But where in the UK will people have to work the...

West One Loans unveils 80% LTV in brand-new range

West One Loans’ buy-to-let division has announced new product launches and lower prices to broaden its product range. The new range will be available for selection on...

Brilliant Solutions adds Pure Retirement to equity release partners

Mortgage club and specialist mortgage distributor, Brilliant Solutions, has announced the addition of lifetime mortgage lender Pure Retirement to its equity release partners. The partnership has been...

eKeeper launches new CRM system for lenders

eKeeper has launched a new customer relationship management (CRM) system for lenders, named Intermediary Manager. The system – which can be used by other product providers –...

Pepper Money goes live on Mortgage Brain’s Affordability Hub

Pepper Money has become the latest lender to go live on Affordability Hub, the affordability-based sourcing system from Mortgage Brain. Launched last year, Affordability Hub provides advisers...

P2P platform passes £100 million investment milestone

Kuflink, the peer-to-peer (P2P) bridging lender, has passed the £100 million mark as new investment levels continue to accelerate. The company launched its P2P proposition in 2016...

‘Self-employed’ and ‘defaults’ the most searched terms by brokers

Searches for ‘self-employed’ and ‘defaults’ became the most popular in December, according to new research from criteria search specialist Knowledge Bank. Knowledge bank is the largest database...

Zephyr Homeloans launches online service for customers

Specialist buy-to-let lender Zephyr Homeloans has introduced an online self-serve platform to allow customers to manage their mortgage account online 24/7. Landlords can use the system to conduct transactions...

Hope Capital launches range of residential refurbishment loans

Specialist short-term lender Hope Capital has launched a brand-new range of bridging loans specifically designed for borrowers undertaking property refurbishment projects. The new products in its Refurbishment...

It’s ‘business as usual’ for Together despite Lockdown 3

Specialist lender Together has confirmed it will continue lending despite tougher restrictions as the UK enters another national lockdown. England was plunged into the third lockdown in...

Suros Capital joins Loans Warehouse lender panel

Luxury asset lender Suros Capital has become the latest addition to Loans Warehouse’s lender panel to provide unique short-term finance propositions to its introducers. Suros, which launched...

Roma Finance bolsters intermediary service with new hires

Roma Finance has announced the expansion of its sales and relationship team, including the appointment of Laleta Buctkuar as key account manager and the transition of...

Consumers feel safer going direct to lenders, study shows

Almost half (49%) of consumers who purchased a mortgage recently said they felt more secure dealing with a lender directly, research from MCI Club reveals. The study...

Together enhances its mortgage range amidst market resilience

Specialist lender Together has raised the maximum loan-to-value (LTV) across its first and second charge mortgage products to 70%. The finance firm has also reduced the minimum...

Vernon launches new mortgage range and Buy for Uni product

Stockport’s Vernon Building Society has relaunched its mortgage range to brokers, featuring a wide range of mainstream and specialist lending solutions. The new products aim to strengthen...

Revealed – brokers’ hopes and fears for the year ahead

Some 71% of brokers are confident about the market in 2021, a fall of just 6% from January 2020, according to findings from Masthaven. The lender surveyed...

2021 will see the rise of the GI specialist, says Paymentshield

General Insurance (GI) provider Paymentshield is predicting a surge in the number of mortgage adviser firms appointing a GI specialist next year. Paymentshield believes the significant rise...

West One enhances second charge products for BoMaD

West One has launched an initiative to support the Bank of Mum and Dad (BoMaD) via its second charge mortgage range. The new range – which sees...

Return of the MBE – new 2021 dates announced

As we approach the end of what has been a difficult year, Mortgage Business Expo (MBE) has confirmed that it will be open for business in...

Landbay increases buy-to-let LTVs to 80%

Landbay has increased its loan-to-value (LTV) from 75% to 80% and announced two new buy-to-let products. Both products are available on two and five-year fixed rates on...

MCI adds more2life to its later life proposition

more2life has become the sixth lender to join MCI mortgage club’s later life lending panel. The addition means more2life will give the club’s members access to a...

Knowledge Bank’s ‘12 days of Christmas’ annual giveaway returns

Knowledge Bank, the UK’s largest criteria search system, is running its popular ’12 Days of Christmas’ campaign for the third year in a row. Launched on December...

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