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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

92% of brokers confident about their prospects over the coming year

Broker optimism has increased since the beginning of 2021, according to a recent survey from savings accounts, bridging loans, development finance, and mortgage provider Masthaven Bank. Of...

One in two first-time buyers don't understand mortgage process

According to a YouGov survey by insurance provider Paymentshield, half of UK adults under 35 are mystified by the mortgage process. The findings from the research show that there...

Mortgage roundup – entering the mortgage market and slashing rates

Roma Finance has launched new bridging and development ranges with improved rates and enhanced criteria. The new bridging range, called RomaPrime, is designed for borrowers with a...

73% of buy-to-let landlords prefer brokers for the best loan

A recent study conducted by Hodge asked portfolio buy-to-let landlords and brokers for their opinions about finding the best loan. The new research from mortgage, lending, and...

Rising property prices lead to property sales falling through

Although record property sales and skyrocketing house prices have dominated the headlines, new figures suggest that the rosy picture of the property market is not as...

Furlough phase out – what to do if you can’t pay your mortgage

As furlough support has begun to phase away from July 1 2021, there is still concern that this could lead to redundancies as businesses begin to...

Q&A - should financial advisers adopt technology into their business?

Ozgur Unlu, managing director of 360 Dotnet, addresses the key items and points for financial advice businesses to consider when adopting technology. What do businesses need to consider...

Insight – will there be a rise in virtual tour voyeurism?

Half of UK homebuyers admit to viewing a property without the intention of buying, with 16% going as far as viewing in person, a study by...

First Financial welcomes new recruits through apprenticeship scheme

London-based financial services firm First Financial has announced the appointment of Eloise Bates & Zoe Waugh as Apprentice Client and Relationship Manager. Bates joins the team with...

Homeowners forced to use savings for maintenance costs

According to new research from the homebuying platform, YesHomebuyers,  the majority of UK homeowners spend between £500 to £1,500 a year on household maintenance. Most homeowners are...

Revealed - 5 tips to overcome financial anxiety 30% of Brits have

Over the past year, many have experienced changes to their financial situations. With this in mind, Shawbrook Bank conducted a study that revealed what concerns and...

Legal & General announces second virtual event for brokers

Legal & General has announced the return of its Virtual Summer Conference which takes place today and tomorrow (July 6-7 2021). The flagship conference, which returns in...

Advisers believe more clients will look to equity release to meet basic needs

Research from equity release lender, more2life, shows that 78% of advisers think more of their customers will look to equity release to support basic retirement needs over...

Mortgage roundup – power products and lowered rates

West One Loans’ buy-to-let (BTL) division has released new products to meet increased demand in the market. The raft of new product changes includes two new five-year...

Property market backlog causes 5.6 month homebuyer wait time

Across England and Wales, many homebuyers have made use of the stamp duty holiday. The land tax discount encouraged many to move in time for the...

Majority of UK households call for cheaper mortgages for greener homes

New research from energy company Vattenfall reveals 61% of Brits believe mortgages should be cheaper if they are loaned on homes that emit fewer emissions. What are...

Tennis-related road names can increase house price value up to 226%

Tennis is undoubtedly one of the most popular sports in the United Kingdom. Whether watching television, live streaming online or physically present at a tournament, thousands...

Mortgage roundup – slashing rates, partnerships and green mortgages

The Nottingham has introduced a new larger lending mortgage aimed at those looking to borrow over £350,000. Priced at 1.85%, the two-year fixed 80% loan-to-value (LTV) product...

Advisers warned against rushing AML checks to beat stamp duty holiday

As the first stage of the stamp duty holiday (SDLT) draws to a near close on June 30 2021, many homebuyers are rushing their mortgage applications...

Study – Bank of Gran and Grandad gift almost £1 million a day

According to new research from equity adviser Key, the Bank of Gran and Grandad has gifted nearly £1 million a day during the stamp duty holiday. The...

Smartr365 and Experian tie-up set to transform credit checking process

Smartr365 and Experian tie-up set to transform credit checking process Smartr365, an end-to-end mortgage platform, has launched its commercial and strategic partnership with the leading global information...

Tier One Capital secures £6.5m additional funding for investment fund

Wealth management and property lending specialist Tier One Capital has secured a £6.5 million revolving credit facility from Shawbrook Bank for the TOC Property Backed Lending...

Study – price deters first-time buyers from seeking mortgage advisers

According to new research by MetLife UK, 43% of prospective and current homeowners admitted to using a mortgage adviser or broker to secure their mortgage.  The biggest...

Survey shows two viewings is all it takes to find the perfect property

New research from U-See Homes, a next-generation guided virtual property platform, shows just how rapid the decision-making process right before buying a property is. In a...

PropTech – new desktop application and hybrid brokering services

Advise Wise has launched a desktop application to allow advisers to access its platform directly from their desktop, with just a single click. The move follows the...

Shock results as Brits choose mortgages over marriage

According to new research from Direct Line Life Insurance, 6.3 million Brits would choose marriage over a mortgage. The research also reveals that the average cost...

Mortgage market levels out as adviser search activity surges in May

The latest mortgage search activity data from Legal & General Mortgage Club (L&G) shows signs that the market is beginning to normalise. According to L&G’s SmartrCriteria tool,...

Family lending made simple with new lending platform

Tembo, the ‘next generation’ lending platform, has launched a new approach to family lending for mortgages. The lender offers a range of family deposit boost and guarantor...

Mortgage roundup – revamped products and the highest LTV available

Roma Finance completed a record month in May, reporting a 50% increase in pipeline business on top of the 100% increase achieved in 2020. This is in...

Later Life Symposium Attendees increase by 151%

Equity release lender, more2life, revealed that the number of advisers who attended its 2021 Later Life Lending Symposium was 151% higher than for the same event in...

‘First-of-its-kind’ affordability sourcing tool launched by L&G

Legal & General (L&G) has announced that it will provide its digital mortgage sourcing technology to intermediary business, My Simple Mortgage. L&G says the integrated tech solution...

On the move – 36% of millennials move home for better quality of life

The pandemic and subsequent lockdowns have impacted UK employees in a major way, with more than a third (36%) aged 18-34 moving home to secure a...

Analysis - which royal road names reign supreme for property sellers?

Ahead of the Queen’s Birthday this weekend, estate and lettings agent, Barrows and Forrester researched the sold prices of properties with royal road titles in England...

Insight – where are the fastest and slowest home-selling regions?

New research from GetAgent has revealed which areas of the property market in England and Wales are seeing homes sell the quickest. The agent comparison site used...

Study - 76% of buyers set to pay no stamp duty before deadline

Despite market delays, over half a million homebuyers in England are set to benefit from the stamp duty holiday to the tune of £3.4 billion, according...

New online platform launched to boost broker business performance

Mortgage platform Smartr365 is giving brokers the chance to analyse their business performance with its new SmartrInsights feature. The platform allows firms to efficiently process, review and...

Furness launches Euro predictor competition for brokers

With the sun making an appearance and the hope of a further easing of restrictions, Furness Building Society is holding a 'competition of the summer' for brokers. The...

Mortgage roundup – helping brokers, borrowers, lenders and advisers

Pure Retirement has announced the launch of its new flexible pricing methodology on the Classic lifetime mortgage product range. The new initiative is expected to simplify the...

Advice and tips for self-employed mortgage applications

The past year has seen many people experience a change in their financial circumstances. The Covid-19 pandemic resulted in work-life changes for many, from job losses,...

Just 27% of people seek financial advice despite Covid uncertainty

Only a quarter (27%) of UK adults have sought financial advice ahead of ‘freedom day’ despite Covid-19 causing financial uncertainty, according to new research from MetLife...

Mortgage Business Expo and Mortgage Introducer launch partnership

Leading mortgage industry trade magazine Mortgage Introducer has partnered with popular industry event, Mortgage Business Expo (MBE) to provide visitors with an enhanced learning experience. Mortgage Introducer...

Agents should ‘ditch documents’, says AML specialist

Anti-money laundering specialist SmartSearch has warned property agents are in serious danger of non-compliance with new regulations, unless they ditch documents and embrace a digital solution. As...

Broker satisfaction with lenders’ speed has increased by 6.5% – study

2020 was a year when every sector needed to learn how to adapt to challenging circumstances and the mortgage industry seems to have done just that....

Pure launches new adviser resources to develop the later-life market

Mortgage lender, Pure Retirement has announced the launch of several key market insight resources that will help advisers to best serve their customers as lockdown restrictions...

First-time buyers use lockdown savings for deposits

According to new research from estate agents Purplebricks, 43% of today’s first-time buyers (FTBs) have fully funded their own deposit. While in 2016, just under a...

West One Loans unveils new 75% LTV product among key changes

This week, West One Loan’s buy-to-let (BTL) division has revealed a raft of product and criteria changes, including a new product launch and reduced prices on...

Hundreds of advisers set to attend Paymentshied’s GI conference

Paymentshield is launching its first virtual conference of the year to help bring advisers together and create an opportunity for the sharing of knowledge and experience.  Hundreds...

Time to close the gap between theory and reality in AML - claim

When it comes to meeting anti-money laundering (AML) obligations and compliance with the relevant regulation, brokers need to do more. That was the message coming from...

A year on – which areas are thriving since the market reopened?

Last week Thursday (May 13) marked one year since the property market in England reopened after being hit with lockdown restrictions. Ascend Properties has taken a look...

Twenty7Tec rolls out key integrations for mortgage market

Mortgage technology provider Twenty7Tec has completed an APPLY integration with Accord. The move will enable users of CloudTwenty7 to seamlessly submit applications to Accord without the need...

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