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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

Brokers tread gently with ‘soft footprints’ most searched April criteria

Brokers are searching for applications that will not leave a lasting mark on a client's credit score, new research from Knowledge Bank shows. The results follow the announcement...

Mortgage roundup – fresh products for advisers and landlords incoming

The Nottingham has unveiled loan-to-value (LTV) limited company buy-to-let (BTL) fixed-rate products. The building society has announced four new two and five-year fixed mortgages – all with...

Revealed – the cheapest countries to own a home around the world

Mortgage borrowing in the UK has now reached its highest level since 1993, with home buyers looking to make the most of the stamp duty holiday...

New customer-facing literature for advisers now available

Pure Retirement has created a new guide for financial advisers to further support My Care Consultant’s Care Box platform. The literature – titled ‘Paying for care: important...

The choice is yours – Just Mortgages gives brokers the option to WFH

Just Mortgages is launching a new work from home option for experienced brokers. The option is available for those who have at least two-years mortgage advising experience,...

Whopping 123% rise in house purchases – has the market bounced back?

An equity release advisory is reflecting on the shifts in equity release usage and behaviour in the first quarter of 2021. Research from Equity Release Supermarket (ERS)...

Mortgage roundup – PropTech, innovation and smart tools

Advise Wise has introduced a bespoke, customisable Equity Release Fact Find on its platform. Members can now manage a large number of steps of their case through...

Homeowners wait until it’s too late for financial protection – study

Existing and aspiring homeowners admit it takes a ‘radical change in circumstances’ before they’d consider purchasing a financial protection product, according to new research from MetLife...

Revealed – these markets are set to fall off the SDLT cliff edge

Some areas of the UK market have seen house price growth slow substantially, suggesting they could be in for a rough spot when the benefit of...

Advisers complete record number of complex searches in March

Activity in the housing market continued to increase in March, with Legal & General seeing a record number of searches after volumes jumped by 17% compared...

Homebuyers must learn how to speed up the buying process – claim

Research from an all-in-one property platform suggests homebuyers do not sufficiently understand the processes which can contribute to a fast and efficient sale. With buying timelines stretched...

Brokers visit up to six lender affordability calculators per case – study

More than eight out of 10 brokers use the affordability calculator of up to six lenders when sourcing a single case, research from Mortgage Brain has...

Legal forum launched to champion safeguards in later-life lending

The Equity Release Council (the Council) has launched a new Legal Forum to champion the unique role of legal advice in supporting customers in the later...

80% of self-employed mortgage applications have been rejected – study

The Covid-19 pandemic has impacted the housing market in a major way and has only added pressure for banks to give out affordable mortgage loans. Research by...

New and improved lender insights offering from Mortgage Brain

Mortgage technology expert Mortgage Brain has launched an enhancement to its lender insights offering, available to lenders who use its criteria-based sourcing solution Criteria Hub. Lenders who...

New dates for MBE Leeds and London announced

Mortgage Business Expo (MBE) has confirmed that it will be open for live events in 2021. The first event will return to the Royal Armouries in Leeds...

Debate – closing the gender retirement gap with female advisers

Action must be taken to encourage greater gender diversity in the adviser community and help support female clients, as part of a raft of measures needed...

Mortgage roundup – exclusive products, lower rates and increased LTVs

LiveMore has announced a reduction of its standard fixed rates from five-year up to lifetime. Launched last week, the seven, 10 and 20-year fixed rates sit at...

Knowledge Bank Tracker results – capital raising key for clients in March

New research from Knowledge Bank has revealed that homeowners are utilising second charge mortgages to raise money to invest in buy-to-let properties, home improvements and also...

The Right Mortgage announces second virtual national training event

Following the success of its first Virtual National Training Event in November 2020, The Right Mortgage and Protection Network has announced its second online training event. The...

UK homebuyers still in full force, but London still off pace – study

The market hasn’t paused for breath since the Christmas break, with homebuyer demand rising 6% since the final quarter of 2020, recent figures from GetAgent has...

Holiday let mortgage applications soar as lockdown eases

Sales of holiday homes near the coast have surged over the past six months with holiday let mortgages for properties in Wales almost doubling since September...

New chatbot technology released for advisers

General Insurance specialist Paymentshield is launching chatbot technology to its network of advisers. The adviser chat service follows the successful implementation of a customer chatbot launched in...

Brand refresh – Equity Release Council launches member endorsement mark

The Equity Release Council (the Council) has launched a member endorsement mark as part of a brand refresh that reflects the modern equity release market. The endorsement...

FTB index – stamp duty holiday benefits and deposit saving woes

The UK housing market has boomed over the past year, with buyers and sellers benefitting from recent initiatives. But how have first-time buyers fared since 2020? Regulated...

Mortgage roundup – a diverse range of products just in time for Easter…

Vernon Building Society has announced a new competitively priced mortgage, available up to 90% of the property’s value. The mortgage is designed to help first-time buyers with...

Revealed - top reasons why equity release cases are declined

Despite only 8% of equity release cases being rejected, lender more2life has tracked the reasons that cases are declined to help advisers better manage clients’ expectations.   While criteria typically...

Revealed – how important is homeownership to today’s buyers?

With all the incentives buyers are currently receiving to get on the property ladder, national estate agent Keller Williams UK has looked at how much owning...

Twenty7Tec – ai partnership, Halifax integration and a 1-million milestone

Mortgage technology solution providers Twenty7Tec and Eligible ai have partnered to encourage advisers to use technology that will retain existing clients. The companies will collaborate in the...

Lending processes now 40% faster thanks to Robiquity

more2life has partnered with robotic process automation specialists Robiquity to speed up its core servicing processes for lenders. The partnership has seen more2life automate around 80% of...

New Help to Buy scheme could help 55% of new-build homebuyers

The latest government Help to Buy (H2B) scheme could benefit over a half of all new-build homebuyers to get a foot on the ladder, research from...

Legal & General – new partnership and top mortgage searches revealed

Legal & General has integrated with mortgage and protection network HLPartnership to simplify access for advisers using the SmartrCriteria and SmartrFit systems. Through the streamlined connection between...

One in four homeowners miss mortgage payments – study

Some 26% of homeowners, or those buying a property, have missed a mortgage payment due to falling ill or having an accident, new research from MetLife...

Mortgage roundup – going green, secured loans and lowered rates

Newbury Building Society has introduced a GoGreen Reward incentive to its self-build mortgage to encourage homebuilders to make conscious sustainable choices. The initiative follows the launch of...

600k buyers to save £2.8bn via stamp duty extension – study

Over half a million transactions will save due to the stamp duty holiday extension by the time it ends in September this year. The latest market insight...

Debt begone! Lockdown savings fuel record mortgage repayments

Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid in just three months –...

Financial advice and mortgage broker app launched for FTBs

Multiply AI, a fully automated financial adviser app, has partnered with digital mortgage broker Mojo to provide the first end-to-end digital advice service for first-time buyers. The...

Value of new mortgage commitments reached record high in 2020

The total value of new mortgages set to be handed out in the coming months reached its highest level since 2007 towards the end of last...

New adviser-friendly events revealed as equity market picks up

Adviser-facing resources have been released in recognition of the equity market predicted to pick up in 2021. Pure Retirement has put together a programme of events for advisers...

Smartr365 connects borrowers to brokers with innovative app

An ‘industry-first’ app has been introduced to connect borrowers to brokers and introducers. Available for free on both iOS and Android, Smartr365’s HomeBuyer app is designed to...

Mortgage Brain – new CEO, record results and mortgage masterclasses

Zahid Bilgrami has been appointed as group chief executive officer of Mortgage Brain. Bilgrami joins the company after 11 years as chief executive officer at Defaqto. The...

Three quarters of UK buyers do not trust online checks – study

Some 74% of people do not trust property documentation to be carried out safely and securely online, research from anti-money laundering specialist SmartSearch reveals. Despite Covid restrictions...

Revealed – where are asking price reductions boosting activity?

Property buyers in certain cities could enjoy a hat-trick of savings via the stamp duty holiday, a reduced mortgage deposit requirement and a reduction in the asking...

Mortgage roundup – A full rebrand and lowered mortgage rates

Roma Finance has rebranded across all channels to providing lending less ordinary as standard. As part of its ambitious growth strategy, the lender doubled business activity last...

Knowledge Bank adds new categories to meet demand around cladding

UK mortgage criteria search system Knowledge Bank has launched new criteria categories amidst growing concerns surrounding properties with cladding. The first category – ‘Composite Cladding/EWS1 Form’ –...

Landbay launches product range for increasing number of new landlords

Landbay has launched a new range of products dedicated to non-portfolio landlords looking to invest in buy-to-let properties. The new range is exclusively available to those with...

Hodge goes live with EQ’s digital mortgage platform

EQ Credit Services (EQCS), a UK credit technology and outsourced services provider, has announced the ‘Go Live’ of its mortgage servicing for Hodge. The Cardiff-based bank is...

Extend the stamp duty holiday, say majority of buyers

With tomorrow’s Budget expected to be one of the most significant in recent history, fresh research by MoneySuperMarket reveals 74% of Brits support an extension to...

Knowledge Bank and Iress to offer fully integrated search system

Knowledge Bank and Iress have joined forces to provide the UK’s first fully integrated product and criteria sourcing system for brokers. Through a single search, brokers will...

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...

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