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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

Larger deposit borrowers see market share squeezed

First-time buyers and others with small deposits took a greater share of the market last month than in August, according to e.surv. Overall approval levels also rose...

One in three homeowners unaware of their mortgage rate

As many as one in three UK homeowners don’t know what mortgage rate they are on, potentially costing them thousands of pounds each year, according to...

More clarity is needed around future of Help to Buy scheme, says IMLA

The Intermediary Mortgage Lenders Association (IMLA) is urging government to provide clarity around the future of the Help to Buy Equity Loan Scheme (HTB) to prevent...

The Bank of Mum and Dad to initiate tougher lending rules

Tougher lending rules are surfacing after the expansion of the Bank of Mum and Dad (BOMAD) into one of the UK’s biggest lenders, according to a...

TMA to offer mortgage criteria search system via Knowledge Bank

TMA Mortgage Club has become the first development application (DA) Club to offer mortgage criteria’s search system after its agreement with Knowledge Bank. The agreement follows a...

One third of landlords deterred by compulsory three-year tenancies

Almost one third of landlords say they would be less likely to purchase new rental property if compulsory or default three-year tenancies were introduced, according to...

Pepper Money to acquire Optimum Credit Ltd

Pepper Money has finalised the terms to acquire 100% of the second charge lender, Optimum Credit Ltd. The purchase will see Pepper Money acquire Optimum Credit’s entire...

BBC’s Martin Roberts set to speak at MBE London

Mortgage Business Expo (MBE) has announced it will be featuring a presentation by the presenter of Homes Under the Hammer, Martin Roberts. The TV property guru will...

Mortgage Brain sales team welcomes three new members

Following its continued growth, Mortgage Brain has appointed three new members to its sales team. Josh Christie, Kosta Kostadinov and Sophia Smith join as new telephone sales...

Accord to offer Help to Buy mortgages along with new-build lending

Accord Mortgages has announced a range of new or enhanced initiatives designed to support brokers with new-build cases. This includes a range of mortgages up to 90%...

Bluestone Mortgages launches new Help to Buy range

Bluestone Mortgages has announced the launch of its new Help to Buy range which will cover the England and London schemes. Available across all of Bluestone’s credit...

The Finance Professional Show to feature Zopa co-founder

James Alexander, co-founder and former chief executive officer of Zopa, has been confirmed as the keynote speaker at The Finance Professional Show. Previously a pioneer in peer-to-peer...

Mortgage Brain to provide an insight into the future at Mortgage Vision 2018

Mortgage Brain has launched this year’s series of Mortgage Vision events. Now in it’s ninth year and having celebrated a 22% increase in attendance in 2017, Mortgage...

Assetz Capital partners with Connect for Intermediaries

Assetz Capital has agreed a deal with Connect for Intermediaries to be the first network that it distributes its products through. The peer-to-peer lender will provide commercial...

Digitizing the mortgage market remains a top priority for banks

Intelenet Global Services has launched a new ‘Lending Suite’ to help banks generate mortgage offers in as little as 30 minutes. The number of mortgages approved for...

Shawbrook announces new additions to its sales team

Shawbrook has announced the additions of Amanda Meadows and Shrena Patel to the commercial mortgages sales team as business development managers (BDMs). With over 20 years of...

Hinckley & Rugby cuts interest rates

Hinckley & Rugby Building Society has cut the interest rates on three of its 95% loan-to-value (LTV) residential mortgage products. Its five-year fixed rate mortgage sees its...

CMME launches second charge mortgage solution

CMME has announced a second charge mortgage solution for contractors, business owners and other professionals looking to take advantage of their home equity. With total second charge...

Shawbrook says goodbye to managing director

Shawbrook has announced the departure of Karen Bennett, managing director of commercial property. With nearly two decades of experience in the mortgage industry, Bennett decided to step...

HL Partnership embraces retirement interest-only lending

The launch of retirement interest only (RIO) products by lenders provides a valuable alternative to the growing number of later life borrowing options available to older...

Fluent Money launches first mobile app for equity release

Specialist lending distributor Fluent Money Group has announced the launch of Fluent Lifetime Ltd on mobile. The company will be offering equity release and later life lending...

TBMC launches new online application form

TBMC has launched a new online application form for intermediaries to submit their buy-to-let mortgage cases directly via the TBMC website. The buy-to-let mortgage specialist hopes that...

Pepper Money partners with Clever Lending

Brokers using Clever Lending now have access to Pepper Money’s full range of specialist residential and buy-to-let mortgage products. Launched in 2014, Clever Lending offers a packaging...

Bank of Mum and Dad seeking financial and legal advice

The Bank of Mum and Dad is now seeking financial advice and guidance, according to new research from Key. The independent equity release advisor conducted a nationwide...

'Ageing population is putting a strain on later life lending model' - IMLA

Homeowners are ageing at a faster rate than the UK population as developments in post-retirement lending put a strain on the current model of financial advice,...

Are you ready for The Finance Property Show?

The Finance Property Show will return for its fifth year and will feature almost 100 lenders and providers. Known as one of the leading events where intermediaries...

M&S Bank introduces 95% LTV and 35-year products

M&S Bank has extended its maximum loan-to-value (LTV) to 95% on three new products in a bid to further assist first-time buyers (FTBs). These products include a...

Intermediaries encourage customers to review mortgage options

Mortgage intermediaries play an important role in encouraging customers to weigh their options before securing a better deal, according to Paragon. Its ‘Financial Adviser Confidence Tracking (FACT)...

L&G Home Finance launches new lifetime mortgage partnership with Virgin Money

Legal & General Home Finance has announced a new 5-year partnership agreement with Virgin Money. The alliance will see the retirement lender offer its lifetime mortgage product...

Mortgages for Business appoints new managing director

Steve Olejnik has been appointed managing director of Mortgages for Business. Taking over from David Whittaker (who set up the independent brokerage in 1990), Olejnik brings over...

Criteria activity tracker reveals brokers’ top searches

The most search criteria by brokers during July has been revealed by Knowledge Bank’s ‘Criteria Activity Tracker’. Knowledge Bank – the source of criteria data for the...

Pepper Money launches zero completion fee limited edition product

Pepper Money has launched a residential and buy-to-let (BTL) zero completion fee limited edition product. For those who haven’t had a county court judgement (CCJ) or default...

Parents provide financial aid to one in four new buyers, research shows

The Bank of Mum and Dad is very much prevalent, with recent research showing that UK parents will help 316,000 young adults purchase their first home...

First-time buyers push through summer property transactions

The proportion of sales made to first-time buyers rose by five percentage points to 29% in June, the highest figure recorded since February, according to NAEA...

Hinckley & Rugby joins Legal & General panel

Legal & General Mortgage Club has welcomed Hinckley & Rugby Building Society to its panel. Hinckley & Rugby’s range of mortgage products – including residential, buy-to-let, portfolio,...

Customers of the ‘Big Six’ lenders are paying £900 over the odds

Borrowers opting for the ‘cheapest’ mortgage deal with one of the UK’s ‘Big Six’ lenders could be paying almost £900 over the odds, according to Trussle. The...

Managing director of Bluestone Mortgages steps down

David Torpey will stand down from his position as the managing director of Bluestone Mortgages at the end of the year. Having worked closely with the wider...

Scottish Building Society launches retirement interest-only mortgage

Scottish Building Society has added a retirement interest-only (RIO) mortgage to its range of products for older people. Since the Financial Conduct Authority (FCA) proposed improved access...

L&G Mortgage Club partners with nine lenders

Legal & General Mortgage Club has announced the addition of nine new lenders to the Mortgage Club panel. Chorley Building Society, Newbury Building Society, Together Money, Earl...

Major lenders committed to the new Lendex gateway

Mortgage Brain’s next generation lender gateway, Lendex, will now be used as a digital mortgage transaction tool by nine major lenders. Lendex, announced last month at Mortgage...

Pepper Money slashes prices

Mortgage lender Pepper Money has revamped its pricing, cutting some rates by up to 0.55%. The biggest reductions are available on Pepper 12 for borrowers who have...

Foundation Home Loans introduces ‘Large Loan’ buy-to-let product

Foundation Home Loans has unveiled a new ‘Large Loans’ product which will enable larger buy-to-let loans of up to £1.5 million. Available to both individuals and limited...

TBMC launches buy-to-let client referral service

Buy-to-let mortgage specialist, TBMC has launched a new client referral service aimed at authorised brokers to help them handle complex buy-to-let cases. Brokers who wish to refer...

Mortgage lender launches short-term loans to landlords using AirBnB

The Tipton & Coseley Building Society is now accepting applications for second homes and holiday lets. The launch enables borrowers to rent properties out on shorter and...

National intermediary sales manager to leave Accord

Accord Mortgages’ national intermediary sales manager, David Robinson, is set to leave the company at the end of July. Having been with the Yorkshire Building Society Group...

Poor advice leaves buy-to-let landlords at risk of high tax bills

Failure to seek expert advice is leaving buy-to-let landlords at risk of high tax bills that could have been avoidable, according to three industry experts. In a...

Retirement Advantage enhances unique BTL product range for older landlords

Retirement Advantage has announced new enhancements to its range of mortgage products aimed at older landlords. Last year, the retirement income provider launched its Over 55 Buy-to-Let...

Summer sales on the up in UK property market

The national month-on-month figures for new listings ‘for sale’ reached 9.4%, while the amount of properties sold sat at 6.2% in June, the latest data from...

OMS and Kent Reliance launch the first two-way DIP integration

One Mortgage System (OMS) has become the first to fully integrate with Kent Reliance for intermediaries across its specialist buy-to-let and residential mortgage products. Users of OMS,...

Overcomplicated language dissuades people from switching mortgages

Across the UK adults are signing away the biggest financial contracts of their lives without fully reading or comprehending them, new research from online mortgage broker...

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