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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

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...

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...

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