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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

Borrowers at risk if tracker rates fall – claim

Less than 5% of tracker rate mortgages are available on the market, which reflects the current ‘lack of appetite’ for variable rate mortgages, according to Moneyfacts. Its...

Many UK homeowners don’t have home insurance

Nearly a quarter of UK homes have no home insurance, according to Assurant Intermediary. The insurance company says advisers play a vital role in making sure that...

The Mortgage Lender joins Master Private Finance panel

The Mortgage Lender (TML) has been appointed to the panel of specialist mortgage desk Master Private Finance. Launched by mortgage and protection network JLM Mortgage Services in...

Mortgage advisers spot increase in interest-only business

Interest-only mortgages comprised 20% of new business introduced in Q2 2019, down from 28% is Q2 2007 but significantly higher than the 15% recorded five years...

Cogress launches Innovative Finance ISA

Property investment company Cogress has launched its Innovative Finance ISA (‘IFISA’) in a move to diversify IFISA-eligible bonds. With a minimum investment of £5,000, the bond will...

Foundation Home Loans reduces rates on selected buy-to-let deals

Foundation Home Loans, the intermediary-only specialist lender, has lowered rates on selected products across its core buy-to-let (BTL) F1 and F2 product ranges. The lender has made...

BrokerSense launches buy-to-let mortgage calculator

The UK’s first buy-to-let mortgage calculator of its kind has officially been launched by BrokerSense, the provider of specialist mortgage calculators for brokers. Designed by a broker...

New Dudley BS scheme to tackle HTB and shared ownership

Dudley Building Society is giving customers the chance to consolidate their mortgage and rental payments from a shared ownership or Help to Buy (HTB) scheme into...

Roma Finance launches five-year mortgage for property investors

Bridging and development finance lender Roma Finance has launched a five-year mortgage to allow investors to purchase or refinance investment property. Through this medium-term mortgage product, landlords...

Paragon Bank launches postal applications for savers

Paragon Bank has improved the way customers can apply for its saving range by introducing a postal application process for selected products. The new service – which...

Home movers remain committed despite summer slowdown

Many key indicators for home movers and first-time buyers remained either stable or only marginally changed when compared to the previous month, according to new research...

Mortgage intermediaries expect increase in direct selling

Nearly a quarter (23%) of mortgage intermediaries expect that consumers will choose to bypass advice and arrange their mortgage directly with a lender, according to Paragon’s...

Number of mortgages for 40 years or more jumps 20-fold in a year

The number of 40-year mortgages approved jumped over 20-fold in 2018, up from only 162 in 2017, according to ludlowthompson. The London estate agent said both the...

Paragon turns up the heat with buy-to-let boost for summer

Paragon is boosting its buy-to-let mortgage range this summer, with a combination of lower interest rates, no upfront fees and £350 cashback on selected products. The range...

Over a third of UK homeowners have no form of protection

Over a third of people who purchased their mortgage direct from a lender have no protection policy in place, the latest research from Legal & General...

Equity release offers mortgage brokers new prospect channel

Fluent for Advisers is encouraging its introducers to consider building relationships with independent financial advisers (IFAs) and retirement advice specialists. By doing so, they can provide a...

New employee mortgage advice service has been launched

Mortgage Advice Bureau (MAB) and Charles Cameron & Associates have partnered to offer a financial wellness package for large public and private sector employees. The service –...

Key Partners unveils detailed look at equity release introducer sector

Equity release referral business Key Partnerships has released a new report – ‘Introducing the Introducers’ – to celebrate its brand refresh. The research takes an in-depth look...

Three quarters of homeowners unable to correctly define ‘remortgaging’

The majority (61%) of current and soon-to-be homeowners in the UK don’t fully review their mortgage agreement before signing it, and 50% claim they only understand...

Poorly prepared applications could prove costly for intermediary sector

The days when lenders would continue to overlook poorly prepared applications are coming to an end, specialist mortgage advisers Fluent Mortgages has warned. The firm, part of...

Knight Frank Finance first property firm to launch later life lending

Knight Frank Finance has launched a later life finance team, making it the first major player in the property sector to offer this service to those...

Landbay secures further £1 billion to fund mortgage lending

Specialist buy-to-let lender Landbay has agreed a £1 billion deal to bolster its mortgage lending. The funding – which is from a leading institutional investor – will...

City Finance Brokers expands its network to the South West

Privately-owned specialist mortgage and finance brokerage, City Finance Brokers, has announced the addition of Simon Kelly to its network. The appointment of Kelly, who is based in...

Landbay reduces rates and fees in full-suite product refresh

Specialist buy-to-let lender Landbay has announced a product refresh, which will expand and enhance more than thirty products for professional landlords. The refreshed range – available to...

The Mortgage Lender brings BTL low rate high fee to market

The Mortgage Lender has extended its 2.83% initial rate with 2% completion fee buy-to-let product to the whole of the market. In a bid to provide introducer...

Save up to £910 a month on rent just by travelling five extra stops

Leading room share platform, ideal flatmate, has done research into finding how travelling across London Underground can lead to big rental savings, and have made some...

Dudley BS reports record lending figures in year end results

Dudley BS has been working for over 160 years in providing mortgages and saving accounts to customers across a local and a national level. This year,...

Just Mortgages self-employed division to be 500 strong by 2022

The self-employed division at Just Mortgages is on track to be 500 brokers strong by January 2022. Speaking at the Just Mortgages Self Employed Conference at the...

MBE London Expo to feature Bank of England keynote presentation

Mortgage Business Expo (MBE) London, taking place on October 16, will feature a keynote presentation by the Bank of England (BoE). Rob Elder of the BoE will...

Average Bank of Mum and Dad mortgage contribution rises by £6,000

The Bank of Mum and Dad (BoMaD) is currently spending an average of £6,000 more than in 2018 to help loved ones onto the housing ladder,...

Green building sector supports energy efficient mortgages for Europe

The World Green Building Council (WorldGBC) Europe network has launched a new report to support the growth of the market so that energy efficient mortgages will...

Pure Commercial Finance secures £2.5m second charge bridging loan

Pure Commercial Finance saved a multimillion-pound development by sourcing £2.5 million of funding in just three days. The client, an experienced property developer who wishes to remain...

Thousands miss out on finding a better mortgage by not speaking to an adviser

Thousands of borrowers could be missing out on a better mortgage deal by not speaking to an adviser, research from Legal & General Mortgage Club has...

The Right Mortgage: it’s all about marketing, marketing, marketing

The Right Mortgage & Protection Network held its largest bi-annual event on how members can use marketing effectively to grow their business. The event took place on...

Mortgage Advice Bureau York wins national award

Mortgage Advice Bureau York has scooped the award for the Top Business Most Improved in the business category at its annual conference. Representatives from the mortgage industry...

Key expands corporate business development team

Independent equity release advisor Key has announced the expansion of its corporate business development team in response to growing industry demand. More banks, building societies, insurance companies...

Clever Lending launches new online portal for brokers

Clever Lending has launched a new online portal to enhance the way brokers manage their specialist lending enquiries and speed up the process for their customers. The...

Pure Retirement launches new product range for later life lending

Pure Retirement has announced the launch of its new product suite for advisers, named the Heritage range. The product, which is available whole-of-market, offers repayment flexibility without...

Professional landlord focus drives mortgage lending growth at Paragon

Specialist banking group, Paragon, has reported a 16% increase in first-half mortgage lending to £834 million – up from £721 million in the same period last...

The Nottingham extends retirement interest-only mortgage range

The Nottingham Building Society has added to its retirement interest-only (RIO) mortgage range to help with home ownership. Its two new offerings – a five-year fixed (3.55%)...

‘Reform stamp duty for downsizers’, says Dudley BS

Stamp Duty Land Tax (SDLT) in its current form is a ‘major obstacle’ to the housing market, particularly for older people wishing to downsize, according to...

Self-employed ‘jumping through extra hoops’ to secure a mortgage

Nearly three quarters (71%) of the UK’s growing self-employed population believe their employment status makes it harder to get a mortgage, according to Trussle. Currently, there are...

Paragon expands product range with short-term funding for landlords

Paragon is expanding its specialist buy-to-let mortgage range with new short-term finance products for property acquisition and refurbishment. The products are designed to help landlords planning to...

Bridging loan interest rates drop to lowest level as lending rises

Bridging loan interest rates fell to the lowest level in Q1 2019, according to the latest data from Bridging Trends. It found the average monthly rate on...

Synaptic’s ‘Webline’ portal now available through The Key

Webline, an online quote and e-apply portal from research software developer, Synaptic, is now accessible to mortgage advisers through a new systems integration with Mortgage Brain’s...

New service to aid mortgage applicants with lower credit scores

MortgageGym is adding four specialist lenders to its online platform for mortgage applicants with lower credit scores. These include Together and Precise Mortgages from the end of...

Newbury launches ‘home-to-branch’ mortgage video call service

Newbury Building Society has introduced a video call mortgage advice system following a successful pilot. The ‘home-to-branch’ Skype-style system aims to enable customers to undertake appointments with...

Five-year fixed rate mortgages more popular than ever before

More customers than ever are opting for an initial fixed period of five years or more when choosing a mortgage, according to Paragon. Its Financial Adviser Confidence...

Hinckley offers exclusive retirement interest only mortgage through L&G

Hinckley & Rugby Building Society has launched a Retirement Interest Only (RIO) mortgage exclusively through Legal & General Mortgage Club. Members of Legal & General can now...

Spicerhaart partners with Excel and TLT to launch interest-only resolution

Asset management specialist Spicerhaart Corporate Sales has joined forces with fact-finding experts Excel and UK law firm TLT to create an interest-only solution for lenders. The approach...

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