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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

Purchase values up 12% while remortagage values drop, research shows

Despite Covid-19, the average mortgage value for purchasers is up 12.4% compared to the same period in 2019, according to data from MCI Mortgage Club and...

Advise Wise introduces KFI check and chase service

Advise Wise has introduced a new key facts illustration (KFI) and chase service for its mortgage club members. The new free service allows the mortgage club help...

Lockdown cuts home insurance costs as claims fall – study

A steep drop in recorded crime since the start of the coronavirus lockdown has led to a downward shift in home insurance premiums, with the average...

Product relaunches and rate cuts at Kensington Mortgages

Kensington Mortgages has announced a variety of rate cuts and relaunches across its residential and buy-to-let ranges. Available since September 9, the rates have been up cut...

Stamp duty cut leads to 222% bumper month for brokers

A ‘highly unusual’ spike in mortgage searches and applications was seen in August, which increased its five-year average by a whopping 222%, a fresh report from...

The Nottingham revives product range and reduces SVR

The Nottingham has announced that it is reducing its standard variable rate (SVR) and relaunching all acquisition and retention products to ensure they revert to the...

Number of agreed lifetime mortgages jumps 52%

Responsible Life, a later life lending specialist, is reporting a 52% annual surge in lifetime mortgage sales, as retirees increasingly look to equity release in their...

Forget the noughties – Hope Capital launches seventies collection

Hope Capital has launched the ‘seventies collection’, which comprises two new bridging loan products. The HOPE 70 products offer a low rate of 0.70% per month and...

Lendex adds Virgin Money to roster of lenders

Virgin Money has become the latest lender to join Lendex, the new multi-lender application and submission gateway from Mortgage Brain. Lendex allows advisers to request decisions in...

Pure Retirement expands classic range distribution

Pure Retirement has decided to expand its ‘Classic Lifetime Mortgage’ range to a wider selection of the equity release market. The latest expansion follows on from the...

Knowledge Bank expands with three new appointments

Knowledge Bank, a market-leading criteria search system, is expanding with the appointment of three new roles. An increasing number of mortgage brokers have been using the Knowledge...

O’Neill Patient pilots new ‘one-stop’ conveyancing app

Conveyancing firm O’Neill Patient has launched a pilot of a new one-stop app that enables clients to progress their conveyancing cases directly from a mobile device. Clients...

Industry expert Mark Lofthouse to retire in 2021

Mark Lofthouse, chief executive officer at Mortgage Brain, is due to retire in 2021 after 19 years in the company. Since joining the mortgage technology specialist in...

Nucleus Commercial Finance supports SMEs with auto-underwriting

Nucleus Commercial Finance has pledged to digitise the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Businesses and...

Promise Money launches new broker packaging system

Specialist lending distributor Promise Money has launched a brand-new website and processing system for brokers. Following a rebrand from Promise Solutions, Promise Money’s new consumer and broker-facing...

Equity Release Supermarket joins forces with LiveMore Capital

Equity release advisory service provider Equity Release Supermarket (ERS) has partnered with LiveMore Capital. Specialising in retirement interest only (RIO) mortgages for borrowers aged 55 and over,...

Pure Retirement launches new sales team postcode search for advisers

Pure Retirement has launched its latest tech innovation in a bid to simplify the adviser journey. Its new postcode finder tool enables advisers to instantly find their...

Second lockdown beats Brexit as top property market worry

More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, a new survey from MCI...

Hundreds of searches per hour carried out on Mortgage Brain hub

Mortgage Brain has witnessed thousands of advisers actively using its new Affordability Hub tool. The affordability-based technology allows advisers to source mortgage products for their clients based...

Nationwide now available on Mortgage Brain’s Lendex

Mortgage Brain has confirmed that Nationwide Building Society has joined Lendex, its new multi-lender application and submission gateway. This latest integration will allow intermediaries to request a...

Borrowers can still benefit from the Bank of Mum and Dad - claim

As the industry starts to tighten its criteria, Saffron Building Society is affirming that there is still hope for borrowers as we ease out of lockdown. With...

The Mortgage Lender increases LTV for capital-raising landlords

The Mortgage Lender has increased its loan-to-value (LTV) for capital-raising landlords from 65% to 75% on all remortgage products. The rise means there are no limits on...

MBE London guarantees safety and comfort at October event

Clarion Events, Mortgage Business Expo’s parent company, has drafted a programme of enhanced safety measures to reduce the risk caused by coronavirus. The downloadable All Secure Standard...

West One shakes up buy-to-let and second charge rates

Specialist property finance lender West One has reintroduced its buy-to-let and second charge products with new rates and criteria. To support borrowers as the economy emerges from...

MCI Club extends later life lending panel with LiveMore Capital

The MCI Mortgage Club has added LiveMore Capital to its panel, expanding its range of products to include retirement interest-only (RIO) mortgages. Launched in 2020, LiveMore offers...

Kent Reliance for Intermediaries launches new large loan residential range

Kent Reliance for Intermediaries, part of the specialist lending and retail savings group OneSavings Bank plc, has launched a new large loan residential property range. To further...

Ipswich Building Society welcomes new head of mortgage sales

Ipswich Building Society has appointed Charlotte Grimshaw who joins the senior management team as head of mortgage sales. Charlotte, who is CeMAP qualified, previously spent eight years...

Foundation Home Loans broadens residential product range for borrowers

Foundation Home Loans has added five products to its residential range to provide further options for first-time buyers (FTBs) and home movers with more recent ‘credit...

UTB Mortgages launches webchat for its Broker Summer Support Package

United Trust Bank (UTB) has revealed the next set of mortgage product, criteria and technology enhancements as part of its Broker Summer Support Package campaign. The first...

Shawbrook reintroduces property finance criteria for brokers

Shawbrook Bank has announced the return of some of its pre-pandemic criteria following the easing of lockdown. The specialist bank was among several lenders which tightened criteria...

Paymentshield to tackle threat of online comparison sites with new webinar series

Paymentshield has launched a series of webinars to help brokers develop general insurance (GI) knowledge to enable them to protect and grow income. The webinar aims to...

British Business Bank announces new lenders ahead of CBILS

The British Business Bank has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The Co-operative Bank, Cynergy Bank, OakNorth Bank and...

New integration system for government’s electronic mortgage deed service

Technology innovator Zylpha has launched an integration between HM Land Registry’s electronic mortgage deed service and LexisNexis VIsualfiles. The first integration of its kind, the new system...

MCI Club extends into lifetime mortgages with OneFamily partnership

The MCI Mortgage Club has appointed OneFamily to its lender panel in a bid to include lifetime mortgages for its members. The partnership underlines MCI Club’s desire...

The show must go on: Brokers and lenders unite in light of Covid-19

The Society of Mortgage Professionals (SMP) has revealed how brokers are helping consumers worried about their finances during the coronavirus outbreak. David Thomas, chair of SMP, says...

Home of Mortgages – the mortgage market is still open for business

Despite ongoing coronavirus woes, buyers can look to benefit from record low rates and the mortgage market remains open for business. That is according to leading broker...

New support hub for advisers launched amidst Covid-19 pandemic

The Right Mortgage & Protection Network has created a new hub to assist its members during the coronavirus outbreak. Created by the company’s in-house marketing team, the...

SimplyBiz Mortgages adds Hanley Economic BS to lending panel

Hanley Economic Building Society has become the latest addition to the lending panel of SimplyBiz Mortgages – expanding its presence within the intermediary mortgage market. The panel...

Legal & General invests in Australian lifetime mortgage business

Legal & General has acquired a 20% stake in the Australian lifetime mortgage business, Household Capital, through its ‘Retail Retirement’ division (LGRR). Household Capital is a specialist...

Anti Covid-19: Dudley BS takes measures to help existing customers

Dudley Building Society has taken steps to ensure its service for introducers and their customers will be maintained during the current challenges brought about by Covid-19. The...

PI an ‘increasing issue for brokers’, FIBA claims

Professional Indemnity (PI) insurance is becoming an increasingly worrying issue for brokers, according to specialist finance trade body, FIBA. FIBA, part of the SimplyBiz Group, which established...

Bristol start-up set to ‘take the mortgage market by storm’

Newly-launched brokerage Lloyd Wells Mortgages is aiming to make the homebuying process hassle-free for first-time buyers, buy-to-let investors and remortgagers. The Bristol-based company was born from Peter...

All change in the latest broker criteria search database

Knowledge Bank’s criteria index for February has revealed some surprise results, with some sectors experiencing unprecedented change. It was all change in the equity release sector, which...

Advise Wise launches specialist solicitor panel for its members

Advise Wise Mortgage Club has launched a specialist solicitor panel for its members to refer to regarding their case completion. The firm has partnered with Ashfords, a...

Principality reduces rates across mortgage range

Principality Building Society has launched rates on over 20 products across its holiday let, buy-to-let and residential mortgage range. The reductions include the 75% loan-to-value (LTV) holiday...

Just Mortgages appoints its first female financial services director

Just Mortgages continues its expansion and diversity drive by appointing its first financial services director, Kerry-Ann Davies. Davies brings 16 years of financial services expertise, having spent...

Swansea BS expands intermediary distribution with Brilliant Solutions

Swansea Building Society has joined up with the direct-to-lender mortgage club Brilliant Solutions to open up access to a wider range of mortgage brokers. The regional lender...

Together launches its lowest ever second charge rate

Together has revamped its second charge mortgages to introduce new fixed-term products and its lowest ever rate on some secured loans. The lender has announced cuts to...

City Finance Brokers welcomes two senior appointments amidst expansion

City Finance Brokers, the specialist mortgage and finance brokerage, has started 2020 with two new senior hires – one dedicated to financial protection and one specialising...

Equity release customers ‘value repayments and drawdown’ most

The ability to make interest payments and capital repayments are becoming increasingly important for equity release customers as products develop, according to adviser research from AKG. The...

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