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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

UK property market activity remained consistent in April

April saw significant purchasing and remortgaging activity following forecasts suggesting an interest rate rise in May, according to the Mortgage Advice Bureau’s National Mortgage Index. Homebuyer borrowing...

Successful first-time buyer mortgage applications reach two-year high

Over three quarters (76%) of first-time buyers’ mortgage applications via intermediaries resulted in a completion in Q1 2018, the highest number since 2016. According to the latest...

Landlords favour limited company status for new BTL purchases

Nearly two out of five (38%) landlords will use limited companies to buy properties over the next year compared to 28% as individuals, new research conducted...

Bank of Mum & Dad – are parents charging their children interest?

Some 25.6% of parents said they would charge interest on a home loan to their children, a new study from UOWN has shown. While securing funding from...

Masthaven improves long-term lending product offering

Specialist lender Masthaven has announced the launch of a first charge residential three-year fixed rate mortgage and other product enhancements to its long-term lending product range. The...

Furness bolsters buy-to-let product range

Furness for Intermediaries has announced the development of its Buy-to-Let and Holiday Let product range. The new two-year discounted variable unregulated buy-to-let products include a rate of...

Brokers are using technology to keep ahead of competition

Mortgage advisers are embracing new technology faster than any other time following the credit crunch, according to Criteria Hub. The online deep search engine, which recently announced...

Shieldpay to ‘revolutionise’ moving day process in the UK

The UK’s first digital mortgage settlement has been carried out by Premier Property Lawyers and Shieldpay, bringing transformation to the £245 billion mortgage market. Premier Property Lawyers...

New head of intermediaries for Furness

Furness Building Society has appointed Alasdair McDonald as head of intermediaries McDonald has over 25 years of experience in the financial services industry and has held leadership...

Brightstar launches specialist lending workshops

Brightstar Financial has launched a series of specialist lending workshops to help brokers engage with the market more effectively. Merging with some of the UK’s leading lenders,...

TMA Club adds Masthaven to its lender panel

TMA Club has welcomed Masthaven, the specialist lending bank, to its lender panel to provide a broad range of products to its members. This includes buy-to-let and...

Five-year fixed buy-to-let mortgage rates still falling

The average cost of five-year fixed rate buy-to-let (BTL) mortgage products declined in the first quarter of 2018 despite the steady increase in five-year swaps, according...

Majority of homeowners would turn back time to use a mortgage broker

Some 81% of UK homeowners who purchased a home in the last year would consider a mortgage broker if they were securing their mortgage again, according...

Mortgage Brain completes £2.5m office expansion

After a period of expansion and steady growth, Mortgage brain has completed a £2.5 million redevelopment of its office in Croydon. The refurbished office follows the addition...

Keystone makes reductions across all rates

Specialist lending brand Keystone Property Finance has reduced all rates across its classic range. The cost of a two-year fixed rate at 65% loan-to-value (LTV) now starts...

Landlords opt for five-year deals after PRA changes

Landlords have increasingly been switching to five-year fixed rate products over the past two years, new data from Commercial Trust Limited has shown. Back in 2016, two-year...

Over-55s are using lifetime mortgages to upsize

A growing group of over-55s are using lifetime mortgages to fund property moves to more expensive homes, a study from OneFamily has revealed. Homeowners who are retired...

Mortgage costs drop during Q1 2018

The cost of most mainstream mortgages were down when compared to the start of last year, according to the latest quarterly product data analysis by Mortgage...

Hanley Economic BS changes criteria across near prime product range

Hanley Economic Building Society has introduced two criteria changes across its near prime product range. Borrowers who have been in a Debt Management Plan for over 12...

Criteria Hub helps lenders improve product offerings

Criteria Hub, the criteria search engine for networks, clubs and mortgage advisers, is providing lenders with useful product point feedback via enquiries from broker users. According to...

ABC completes £15m loan to finance Brockhurst Gate Retail Park

Alternative Bridging recently completed a £15 million loan to fund Millingate’s development of Brockhurst Gate Retail Park – its largest loan to date. ABC first supported the...

Foundation Home Loans reveals new rates on BTL range

Foundation Home Loans has launched a new 5-year fixed rate deal across its buy-to-let (BTL) range, aimed primarily at portfolio and non-portfolio landlords. Known as ‘Standard Plus’,...

Demand for five-year fixed deals drops to annual low

Demand for five-year fixed rate remortgages has fallen to the lowest level since July 2017, according to conveyancing service provider LMS. The proportion of borrowers opting for...

Just Mortgages signs up 100th self-employed broker

Just Mortgages’ self-employed division has now reached 100 brokers – an increase of 23% since the end of 2017. Launched with just three brokers in June 2016,...

Mortgage Brain launches ‘Mortgage Skill’ on Amazon Echo

Mortgage Brain has become the first UK mortgage technology company to develop a ‘Mortgage Skill’ on Amazon’s Echo devices. The feature will enable users to ask Alexa,...

Secure Trust Bank secures 30 partners in first year

Secure Trust Bank continues to expand its service, having signed 30 new partnerships during its first 12 months of operation. Launched in March 2017, the bank aims...

Pepper Money launches new limited edition range

Pepper Money has added Limited Edition pricing as part of its new range, with some rates slashed by up to 1%. Available on Pepper 6, Pepper 12...

First digital mortgage registered at HM Land Registry

The first digital mortgage was entered into the Land Register by Enact Conveyancing and Coventry Building Society for a house in Rotherhithe, London. Part of the ‘sign...

e.surv launches remote valuation service

The UK surveying provider and property risk service, e.Surv Chartered Surveyors, has launched a remote valuation service. Set to offer mortgage lenders an accurate digital alternative to...

Paragon launches new BTL range for portfolio landlords

Paragon has launched a new range of limited edition buy-to-let mortgage products for landlords who have four or more mortgaged properties. Landlords borrowing up to 75% loan-to-value...

Highest demand for specialist mortgages comes from self-employed

A diverse set of customer needs from the self-employed are driving demand for specialist residential mortgages, according to Paragon’s Financial Adviser Confidence Tracking (FACT) Index report. The...

Digital mortgage start-up exceeds crowdfunding target

A round of crowdfunding by digital start-up Property Master that started in January has already beaten its £250,000 target. The start-up uses algorithms to match the requirements...

Metro Bank expands to Scotland

Metro Bank has announced that from April 5 it will expand its mortgage business into Scotland both direct and via brokers. Scottish homeowners will benefit from the...

Hinckley & Rugby and MAB offer exclusive Help to Buy loan product

Hinckley & Rugby Building Society and Mortgage Advice Bureau (MAB) have launched an exclusive product for homeowners who want to pay down their Help to Buy...

Mortgage firm expands during second-year milestone

North-East-based mortgage services firm BH Mortgages has appointed Niamh Taylor as case and business administrator. Launched in 2016 as part of the BH Group of companies, BH...

Longer-term mortgage products overtake two-year deals

Two-year deals for mortgage products have been overtaken by longer-term deals for the first time, according to research conducted by Paragon. The Financial Adviser Confidence Tracking (FACT)...

Landbay lending volumes hit £100m milestone

Specialist mortgage marketplace lender Landbay has lent a total of £100 million to buy-to-let landlords since its 2014 launch. Recent regulatory changes have led to some landlords...

Vida Homeloans launches new criteria on BTL portfolios

Specialist mortgage lender for intermediaries Vida Homeloans has announced improved criteria following its full market launch just over a year ago. Vida has introduced a new maximum...

Just Mortgages’ self-employed division grows in under a year

UK mortgage advisers Just Mortgages grew from 13 brokers at the start of 2017 to 81 by the end of the year. The firm launched with just...

Kensington and New Street launch full market in Scotland

Kensington Mortgages and New Street Mortgages have announced a successful market launch into Scotland. While Kensington now offers an extensive range of products across its residential and...

Completion rates in first-time buyer mortgage applications rose in 2017

The majority (74%) of mortgage applications via intermediaries for first-time buyers resulted in a completion during Q4 2017, according to the Intermediary Mortgage Lenders Association (IMLA). Its...

Shawbrook expands specialist lending team

Shawbrook Commercial has strengthened its lending team with the recruitment of Anthony Harrison as the lending manager of commercial property. With nearly 40 years’ experience in banking...

Vida Homeloans appoints director of new business operations

Intermediary-only specialist mortgage lender Vida Homeloans has appointed Deb Smith as director of new business operations. Joining from The Mortgage Works where she was head of TMW...

Connect launches new tools for brokers

Connect for Intermediaries has launched new tools, features and expert guides in line with its brand-new website. Boasting over 160 different lender product guides, Connect aims to...

January a ‘solid month’, say market figures

A slow but steady start was recorded at the beginning of 2018, in line with numerous industry predictions on how the UK property market will perform...

The Northview Group appoints new chief executive

The Northview Group – which consists of the Kensington, New Street and Acenden brands – has announced the appointment of Mark Arnold as group chief executive. The...

Openwork extends partnership with Mortgage Brain

Financial advice network Openwork has extended its partnership with mortgage technology firm, Mortgage Brain, in a bid to provide its advisers with improved digital development solutions...

Continued growth and record lending for Together in 2017

Specialist finance provider Together recorded strong progress and record lending volumes in the quarter to 31 December 2017, with its loan book reaching £2.55 billion. Looking closely...

TMA strengthens specialist lending panel

TMA Club has bolstered its panel of specialist packagers and master brokers, giving advisers access to a range of second charge mortgages, buy-to-let packagers, commercial mortgages...

Masthaven joins Brilliant Solutions lender panel

Specialist provider of solutions for mortgage intermediaries, Brilliant Solutions, has added Masthaven to its panel of lenders. Brokers will now be able to access Masthaven’s flexible mortgage...

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