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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

British Business Bank announces new lenders ahead of CBILS

The British Business Bank has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The Co-operative Bank, Cynergy Bank, OakNorth Bank and...

New integration system for government’s electronic mortgage deed service

Technology innovator Zylpha has launched an integration between HM Land Registry’s electronic mortgage deed service and LexisNexis VIsualfiles. The first integration of its kind, the new system...

MCI Club extends into lifetime mortgages with OneFamily partnership

The MCI Mortgage Club has appointed OneFamily to its lender panel in a bid to include lifetime mortgages for its members. The partnership underlines MCI Club’s desire...

The show must go on: Brokers and lenders unite in light of Covid-19

The Society of Mortgage Professionals (SMP) has revealed how brokers are helping consumers worried about their finances during the coronavirus outbreak. David Thomas, chair of SMP, says...

Home of Mortgages – the mortgage market is still open for business

Despite ongoing coronavirus woes, buyers can look to benefit from record low rates and the mortgage market remains open for business. That is according to leading broker...

New support hub for advisers launched amidst Covid-19 pandemic

The Right Mortgage & Protection Network has created a new hub to assist its members during the coronavirus outbreak. Created by the company’s in-house marketing team, the...

SimplyBiz Mortgages adds Hanley Economic BS to lending panel

Hanley Economic Building Society has become the latest addition to the lending panel of SimplyBiz Mortgages – expanding its presence within the intermediary mortgage market. The panel...

Legal & General invests in Australian lifetime mortgage business

Legal & General has acquired a 20% stake in the Australian lifetime mortgage business, Household Capital, through its ‘Retail Retirement’ division (LGRR). Household Capital is a specialist...

Anti Covid-19: Dudley BS takes measures to help existing customers

Dudley Building Society has taken steps to ensure its service for introducers and their customers will be maintained during the current challenges brought about by Covid-19. The...

PI an ‘increasing issue for brokers’, FIBA claims

Professional Indemnity (PI) insurance is becoming an increasingly worrying issue for brokers, according to specialist finance trade body, FIBA. FIBA, part of the SimplyBiz Group, which established...

Bristol start-up set to ‘take the mortgage market by storm’

Newly-launched brokerage Lloyd Wells Mortgages is aiming to make the homebuying process hassle-free for first-time buyers, buy-to-let investors and remortgagers. The Bristol-based company was born from Peter...

All change in the latest broker criteria search database

Knowledge Bank’s criteria index for February has revealed some surprise results, with some sectors experiencing unprecedented change. It was all change in the equity release sector, which...

Advise Wise launches specialist solicitor panel for its members

Advise Wise Mortgage Club has launched a specialist solicitor panel for its members to refer to regarding their case completion. The firm has partnered with Ashfords, a...

Principality reduces rates across mortgage range

Principality Building Society has launched rates on over 20 products across its holiday let, buy-to-let and residential mortgage range. The reductions include the 75% loan-to-value (LTV) holiday...

Just Mortgages appoints its first female financial services director

Just Mortgages continues its expansion and diversity drive by appointing its first financial services director, Kerry-Ann Davies. Davies brings 16 years of financial services expertise, having spent...

Swansea BS expands intermediary distribution with Brilliant Solutions

Swansea Building Society has joined up with the direct-to-lender mortgage club Brilliant Solutions to open up access to a wider range of mortgage brokers. The regional lender...

Together launches its lowest ever second charge rate

Together has revamped its second charge mortgages to introduce new fixed-term products and its lowest ever rate on some secured loans. The lender has announced cuts to...

City Finance Brokers welcomes two senior appointments amidst expansion

City Finance Brokers, the specialist mortgage and finance brokerage, has started 2020 with two new senior hires – one dedicated to financial protection and one specialising...

Equity release customers ‘value repayments and drawdown’ most

The ability to make interest payments and capital repayments are becoming increasingly important for equity release customers as products develop, according to adviser research from AKG. The...

Hodge offers ‘Early Repayment Promise’ across mortgage product range

Hodge has announced the extension of its Early Repayment Promise (ERP) feature across all of its residential mortgage products. The move follows the bank’s decision to lower...

Just Mortgages targets £1 million increase in remortgage business

Just Mortgages has bolstered its client services team to drive increased remortgage and protection business for its brokers. Headed by operations manager Jessica Brome, the team is...

Roma Finance slashes bridging and development rates

Roma Finance, the bridging, buy-to-let and development finance lender, has cut rates across its product range. This follows further funding lines with Royal Bank of Scotland and...

Advise Wise launches mortgage club for later life market

Later life lending specialist Advise Wise has announced the launch of its mortgage club to complement its services for the later life lending market. The move will...

Hodge lowers minimum age of its entire residential mortgage range

Hodge Lifetime has lowered the minimum age of its residential interest-only mortgage from 55-plus to 50. This is in line with its retirement interest-only (RIO) mortgage, meaning...

First 4 Bridging appoints BDM for the North West

First 4 Bridging (F4B) has extended its services to the North West of England with the appointment of Simon Bancroft as business development manager. His role will...

Hinckley slashes rates for first-time buyer-friendly mortgages

Hinckley & Rugby Building Society has cut the interest rates on three mortgages particularly attractive to first-time buyers. The fee-free mortgages are available for buyers with modest...

Connect for Intermediaries adds Blacks Connect to solicitor referral panel

Connect for Intermediaries has added intermediary conveyancing firm Blacks Connect to its ‘Solicitor Referral Panel’. Blacks Connect is part of the full-service law firm Blacks, with a...

‘All change’ in broker criteria searches in the run-up to 2020

There is evidence of continuing volatility in the mortgage market, with different criteria searches among brokers reaching the top five, according to the latest analysis from...

Hinckley cuts rates for high LTV fee-free cashback mortgage

Hinckley & Rugby Building Society has cut the interest rate on its fee-free five-year fixed rate mortgage at up to 95% loan-to-value (LTV). The charging rate for...

Bonus-friendly mortgages can boost borrowing power by up to £33,000

Workers who received a festive bonus and are looking to purchase a property in 2020 could boost their borrowing power by up to £33,000, according to...

Money Advice Scotland to pilot open banking tool

Money Advice Scotland is piloting open banking technology from Experian which could help it to significantly speed up the early stages of debt advice. The money charity’s...

Pure Retirement launches changes to its ‘heritage’ range

Pure Retirement has started the new year by making changes to its heritage range criteria, aiming to give consumers more choice when it comes to managing...

Boost in complex buy-to-let business to continue in 2020, says Paragon

The increase in portfolio and complex buy-to-let business seen over the past two years is set to continue in 2020, according to Paragon. With landlords looking for...

Mortgage applications to be ‘as simple as car insurance’ in the next 10 years - claim

Mortgage applications will soon be as simple as buying car insurance for many borrowers, as technology begins to revolutionise the housing sector, according to a leading...

Could Britain’s empty homes accommodate the homeless?

Utilising just 41.4% of Britain’s empty homes could house the homeless, according to research by estate agent comparison website, GetAgent.co.uk. Shelter estimates there are 320,000 homeless people...

Cybersecurity service launches to give financial services firms peace of mind

A cybersecurity startup with a new 24-hour monitoring service has launched to provide peace of mind for financial services firms. bluedog Security Monitoring aims to offer firms...

Buy-to-let mortgage costs drop as 2019 draws to a close

Mortgage costs in the buy-to-let (BTL) market have continued to fall over the last three months, according to Mortgage Brain. Its quarterly product data analysis revealed that...

House price growth has slowed by half since Brexit

Brexit has caused UK house price growth to half since June 2016, according to property management company Apropos. The digital platform, designed and built by DJ Alexander,...

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...

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