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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

Landbay exits retail P2P lending to focus on institutional investment

Buy-to-let mortgage lender Landbay has officially closed its retail investment arm and exited the peer-to-peer lending market in favour of becoming an institutional-only platform. Over the last...

Just Mortgages selects eleven new trainees for broker academy

Eleven new brokers will begin training with Just Mortgages’ broker academy in the New Year. The new members will join the firm’s employed division, with a further...

New-build homebuyer activity set to spike amidst busiest time of the year

The level of new-build properties being sold has picked up as we approach the end of the year, while sales across the regular market have dropped...

Mortgage Advice Bureau launches General Insurance tech for advisers

Mortgage Advice Bureau (MAB) has partnered with Legal & General and Uinsure to launch B&C InstantQuote to its national network of mortgage and protection advisers. The technology...

Finding a property is more stressful than obtaining a mortgage, movers say

While obtaining a mortgage makes moving home a stressful experience, finding and securing a property is more anxiety-inducing to 46% of movers. That is according to a...

Roma Finance lends £716k re-bridge for development opportunity

Paragon’s ‘Commercial Lending’ division provided 100% funding for a customer to acquire a development site with planning permission. The case – which was introduced by Positive Lending...

UK intermediaries plan to ‘weather the storm’ of political upheaval

Intermediaries believe they can hold out against the uncertainty being caused by Brexit and the general election, according to the Intermediary Mortgage Lending Association (IMLA). Its latest...

Paragon launches buy-to-let discounted variable rate mortgages

Paragon has launched a new range of buy-to-let purchase and remortgage products for portfolio and non-portfolio landlords. The discounted rates for two and five years start at...

Buy-to-let borrowing stable despite market slowdown

The buy-to-let market has remained relatively stable despite the decline in overall mortgage business during Q3 2019, according to Paragon Bank. Its latest Financial Adviser Confidence Tracking...

ULS Technology launches digital portal for brokers

Conveyancing technology provider ULS Technology has announced the arrival of DigitalMove Remortgage for mortgage brokers. This new functionality aims to help brokers deliver a customer-centric digital journey...

Brilliant Solutions partners with Knowledge Bank

Brilliant Solutions has teamed up with Knowledge Bank as its exclusive criteria search provider. Members of Brilliant Solutions – which helps brokers to access the best mortgage...

Investor demand for bridging finance continues in Q3

For the third consecutive quarter, the most popular use of a bridging loan was to purchase investment property, according to Bridging Trends data. The study highlights how...

Commercial finance specialists should broaden their lender panels – FIBA

The Financial Intermediary & Broker Association (FIBA) is asking members to consider the Bank of England’s (BoE’s) warning about lenders cutting access to funding in Q4...

Leave voting areas witnessed faster-growing house prices

With the outcome of Brexit hanging in the balance, ‘Leave’ voting areas have recorded higher average house price increases than ‘Remain’ voting areas since the EU...

Time to sell across the UK hits three-year high

The time it takes to sell a home across UK cities has hit a three-year high, according to Zoopla. Its September UK Cities House Price Index revealed...

Majority of people refused a mortgage

A vast majority of mortgage enquires come from people who have been refused a mortgage due to not being a ‘perfect candidate’, according to Mortgage Experience. The...

Roma Finance lends £1.85 million in largest ever case

Roma Finance has provided a loan of £1.85 million in its largest ever case. The loan was for Arcot Grange Developments Ltd to acquire a partly-built residential...

Millions of people may need support from brokers in the next year

An estimated 1.26 million people with adverse credit are looking to buy a property in the next 12 months, according to Pepper Money. The research, which was...

Pilot scheme launched to help advisers digitally connect with clients

A free pilot seminar has been launched to demonstrate how advisers can use websites and social media channels positively. Launched by financial website provider Adviser Portals and...

Zephyr Homeloans joins the Legal & General panel

Legal & General Mortgage Club has appointed Zephyr Homeloans to its lender panel to enable authorised advisers to access its buy-to-let products. The lender provides mortgage products...

Commercial brokers are resilient against post-Brexit outlook

Almost seven in 10 (67%) commercial mortgage brokers feel confident about the lending environment in 2020 despite the current political climate, according to Shawbrook Bank. Its ‘Broker...

FIBA welcomes Pension-Led Funding to its lender panel

The Financial Intermediary and Brokers Association (FIBA) has extended its range of lending options for members with the appointment of Pension-Led Funding to its lender panel. The...

Mortgage Advice Bureau opens its 30th UK mortgage shop

Mortgage Advice Bureau (MAB) opened the doors to its 30th high street mortgage shop in Dorchester on Thursday 3 October. The opening of MAB Dorchester – which...

Furness for Intermediaries cuts rates for first-time buyers

Furness for Intermediaries has made reductions across its 95% product range. This includes the two-year fixed rate products, which now start from 3.08% with an option of...

Hinckley & Rugby expands later life lending options

Hinckley & Rugby has bolstered its later life lending offer with a new five-year fix and slashed the interest rates on two existing later life products. The...

How can mortgage brokers future-proof their business?

The property finance industry is rapidly changing. Everyone who’s part of it wants to know where we are heading, what’s working and what’s going to change. In...

Help to Buy ISAs supported nearly 89,000 property purchases in 2018

The number of property purchases supported by Help to Buy ISAs increased by 8% this year, rising from 82,940 in 2017/18 to 88,580, according to ludlowthompson. The...

Interest-only mortgages remained a popular mortgage criteria search in August

‘Interest-only loans’ have maintained their place in the top five most searched-for criteria in August after making their very first appearance in July’s index, according to...

Home improvement rather than home movement can ‘boost secured loans’

Fluent for Advisers has reported an increase in home improvement secured loan requests from introducers. The latest second-charge figures for June from the Finance & Leasing Association...

Majority of lenders are positive about future of the commercial mortgage market

Some 77% of lenders believe the number of loans they broker will increase, showing a positive outlook for the future of intermediaries, according to Spotcap. The business...

Hinckley & Rugby and BuildLoan launch new self-build mortgage

Mortgage intermediaries with self-build clients can now access a new product from Hinckley & Rugby Building Society through BuildLoan. The higher loan-to-value (LTV) mortgage from the society...

Paradigm launches mortgage fraud guide for advisers

Paradigm Mortgage Services has launched a free eBook to help intermediary firms to identify and combat mortgage fraud. The guide – which was produced in conjunction with...

Pure Retirement and My Care Consultant launch CareBox project

Pure Retirement has partnered with My Care Consultant on its latest ‘CareBox’ programme. The project – aimed at financial services, professionals, financial advisers and support staff –...

HLPartnership opens its autumn later life lending seminars to advisers

Mortgage and protection network HLPartnership has announced new dates and venues in September for later life lending seminars. Following its successful spring seminars, the events run from...

Hinckley & Rugby offers retirement interest-only discount

Intermediaries can now access a discount for term retirement interest-only (RIO) mortgage from Hinckley & Rugby. The building society is offering its RIO product to the intermediary...

Unmortgage becomes ‘Wayhome’ as part of rebrand

Unmortgage has rebranded to Wayhome as part of phase one of its brand refresh. Since August, the Unmortgage name is no longer being used as a trading...

Positive industry outlook – UK intermediaries remain confident

The vast majority of UK intermediaries (91%) remain positive about the outlook for the mortgage industry despite ongoing political uncertainty, according to The Intermediary Mortgage Lenders...

Market competition is ‘keeping home insurance prices in check’

Average bills for home insurance are up just 2.1% in a year, with a competitive marketplace keeping up with the UK’s inflation rate, according to data...

Pension cash dominates the savings market

Both the volume and value of flexible payments from pensions has hit a new high, according to Moneyfacts. Data from the money comparison experts suggests flexible pensions...

Right to Buy debuts in top five most searched UK mortgage criteria

Right to Buy became one of the most-searched for criteria by brokers for the first time in July, according to Knowledge Bank’s monthly criteria tacker. The results...

Paragon refreshes buy-to-let switch and further advance products

Paragon’s buy-to-let switch and further advance product ranges have been refreshed for portfolio and non-portfolio landlords. The products include a range of two and five-year fixes available...

Just Mortgages to offer commercial mortgage advice

Five brokers in Just Mortgages’ self-employed division are set to trade as commercial brokers following a partnership with commercial broker Fiducia. While Just Mortgages will still identify...

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...

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