Applications from first time buyers have grown by 33% so far this year with FTBs now making up a higher proportion...
Archive
03 June 2024
From: Breaking News
![Going Down - Mortgage advisers sentenced over £3m fraud](/upload/images/24%2004%2010%20%2004.jpg)
Mortgage advisers Larry Barreto and Tassib Hussain have been sentenced for fraud offences following a prosecution brought by the Financial Conduct...
10 April 2024
From: Breaking News
![Backing for Santander acceptance of Universal Credit as secondary income](/upload/images/240325%20%2001.jpg)
There’s been broad support for Santander’s decision that Universal Credit will be considered an acceptable form of secondary income for mortgage...
25 March 2024
From: Breaking News
![Building Society defends using humans, not algorithms, to decide mortgages](/upload/images/240325%20%2002.jpg)
Leek Building Society has used its annual report and publication of accounts to mount a stout defence of its methodology regarding...
25 March 2024
From: Breaking News
![Outrage at “shameful” Halifax move to cut maximum age on some products](/upload/images/24%2003%2018%20%2001.jpg)
There’s been an angry reaction to news that from today - March 18 - Halifax is changing the maximum age allowed...
18 March 2024
From: Breaking News
![Building society bans mortgages on holiday let properties](/upload/images/24%2003%2006%20%2003.jpg)
A building society has launched a pilot project banning mortgage lending on holiday lets in two tourist areas for 12 months. Leeds...
06 March 2024
From: Breaking News
![Coupling Up - why so many mortgage applicants are duos](/upload/images/24%2002%2021%20%2001.jpg)
A property agency has analysed the lending and housing markets to work out why so many mortgage applicants are couples. Benham and...
21 February 2024
From: Breaking News
![Virgin Money sees long-term mortgage improvements despite recent dip](/upload/images/240214%2003.jpg)
High street bank Virgin Money UK says there is light at the end of the tunnel for mortgages and the housing...
14 February 2024
From: Breaking News
![More Lenders offer Mortgages on Homes hit with Building Safety issues](/upload/images/24%2001%2003%20%2005.jpg)
Three high street lenders - Virgin Money, TSB and Skipton Building Society - have joined the commitment to offer mortgages on...
03 January 2024
From: Breaking News
![King’s Speech This Week - leasehold reform backed by mortgage bosses](/upload/images/__thumbs/23%2011%2006%203.jpg/23%2011%2006%203__400x267.jpg)
Tomorrow’s King’s Speech, setting out the legislative agenda for the coming year, looks certain to include leasehold reform - and the...
06 November 2023
From: Breaking News
![Mortgage Fraudster spent £115,000 on ….. pottery](/upload/images/__thumbs/23%2010%2018%2004.jpg/23%2010%2018%2004__400x267.jpg)
An internationally-ranked chess player who swindled £750,000 through mortgage and tax fraud has been jailed. Robin Moss spent more than £115,000 of...
18 October 2023
From: Breaking News
![Many More 35-Year Mortgages - new figures show surge](/upload/images/__thumbs/23%2010%2011%2003%20by%20Graham%20Norwood.jpg/23%2010%2011%2003%20by%20Graham%20Norwood__399x266.jpg)
New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...
11 October 2023
From: Breaking News
![New Digital Survey may speed mortgage applications - claim](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplyNow_400x310.png)
Metro Bank customers will now benefit from a smoother house buying process thanks to a new partnership with Legal & General...
02 October 2023
From: Breaking News
![LendInvest Launches Automatic DIPs to Speed Applications](/upload/images/__thumbs/23%2009%2006%201%20LendInvest%20Launches%20Automatic%20DIPs%20to%20Speed%20Applications%20.jpg/23%2009%2006%201%20LendInvest%20Launches%20Automatic%20DIPs%20to%20Speed%20Applications%20__400x226.jpg)
LendInvest has launched automatic DIPs - decisions in principle - as part of its latest platform update. The automated DIP process means...
06 September 2023
From: Breaking News
![Specialist lender calls for drastic rethink of mainstream mortgage market](/upload/images/__thumbs/23%2009%2004%203%20Specialist%20lender%20calls%20for%20drastic%20rethink%20of%20mainstream%20mortgage%20market%20.jpg/23%2009%2004%203%20Specialist%20lender%20calls%20for%20drastic%20rethink%20of%20mainstream%20mortgage%20market%20__400x226.jpg)
A study of 7,000 people by a specialist predicts the UK specialist residential mortgage market will treble to £16 billion by...
04 September 2023
From: Breaking News
![New bid to help self-employed mortgage applications win approval](/upload/images/5%20MortgageApplyNow_400x310.png)
Saffron for Intermediaries has launched a campaign to help and support broker partners get more self-employed mortgage applications approved first time...
18 July 2023
From: Breaking News
![Mortgage costs not deterring housing market - at least not yet](/upload/images/4%20Buy-to-let-3-400x310.png)
Nationwide says the sharp rise in the costs of mortgages is causing a "significant drag" on the housing market - but...
04 July 2023
From: Breaking News
![New partnership brings faster and easier mortgage journey for brokers](/upload/images/Miscellaneous/Business-Handshake-Transaction-400x310.jpg)
A new partnership between Hometrack and Mortgage Brain is set to provide a ‘game changing’ solution that streamlines and digitises the...
21 April 2022
From: Breaking News
![Mortgage roundup – lower rates, AVM integration and going green](/upload/images/Site%20logos/MortgageRoundup-400x310.png)
This week’s mortgage roundup is a range of reduced rates and new products across the mortgage market, with Furness Building Society’s...
01 February 2022
From: Breaking News
![Mortgage roundup – new year, new products, new rates](/upload/images/Site%20logos/MortgageRoundup-400x310.png)
In the first mortgage roundup of 2022, Introducer Today takes a look at the latest mortgage news, from Landay’s bolstered Green...
18 January 2022
From: Breaking News
![Hometrack's new Broker AVM set to boost the mortgage market](/upload/images/library/Hometrack-logo400x310.png)
Hometrack, the leading provider of insight and intelligence to the UK mortgage market, has launched a Broker AVM, building on its 20-year...
16 December 2021
From: Breaking News
![Rejected! A third of UK mortgage applications get the red light](/upload/images/library/Mortgage-image400x310.png)
One in three mortgage customers in the UK were rejected by lenders during the process of applying for loans, research from...
18 November 2021
From: Breaking News
![Brand-new mortgage decision automation launched by Hometrack](/upload/images/library/Hometrack-logo400x310.png)
Hometrack, the leading provider of insight, intelligence and decision automation to the UK mortgage market, has launched a brand new vision...
21 October 2021
From: Breaking News
![UK homeowners borrowing more than ever to fund home improvements](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculator.png)
According to new figures released by Mojo Mortgages, UK homeowners are now borrowing more money from mortgage lenders than ever before...
09 September 2021
From: Breaking News
![Homebuying app launched to educate first-time buyers on mortgages](/upload/images/library/Smartphone-Technology-400x310.jpg)
New data has found that 89% of mortgage advisers believe first-time buyers need more education on purchasing a property and what...
05 August 2021
From: Breaking News
![Advisers warned against rushing AML checks to beat stamp duty holiday](/img/default/it.png)
As the first stage of the stamp duty holiday (SDLT) draws to a near close on June 30 2021, many homebuyers...
24 June 2021
From: Breaking News
![Advice and tips for self-employed mortgage applications](/img/default/it.png)
The past year has seen many people experience a change in their financial circumstances. The Covid-19 pandemic resulted in work-life changes...
04 June 2021
From: Breaking News
![80% of self-employed mortgage applications have been rejected – study](/img/default/it.png)
The Covid-19 pandemic has impacted the housing market in a major way and has only added pressure for banks to give...
22 April 2021
From: Breaking News
![Holiday let mortgage applications soar as lockdown eases](/img/default/it.png)
Sales of holiday homes near the coast have surged over the past six months with holiday let mortgages for properties in...
08 April 2021
From: Breaking News
![Together increases digital valuations across product range](/img/default/it.png)
Together has updated its criteria to allow more automatic property valuations to reduce costs and speed up mortgage applications. The specialist lender...
04 February 2021
From: Breaking News
![How can brokers prevent mortgage application fraud?](/img/default/it.png)
The Society of Mortgage Professionals has urged brokers concerned that a customer is attempting to commit mortgage application fraud to under...
02 October 2020
From: Breaking News
![CLS Money integrates Nivo app to speed up applications process](/img/default/it.png)
Mortgage broker CLS Money has partnered with FinTech specialist Nivo to provide its customers with a fully branded ‘white labelled’ app. The...
23 September 2020
From: Breaking News
![Mortgage applications to be ‘as simple as car insurance’ in the next 10 years - claim](/img/default/it.png)
Mortgage applications will soon be as simple as buying car insurance for many borrowers, as technology begins to revolutionise the housing...
09 January 2020
From: Breaking News
![Self-employed ‘jumping through extra hoops’ to secure a mortgage](/img/default/it.png)
Nearly three quarters (71%) of the UK’s growing self-employed population believe their employment status makes it harder to get a mortgage,...
16 May 2019
From: Breaking News
![Hinckley first UK lender to launch digital mortgage application system](/img/default/it.png)
Hinckley & Rugby Building Society is the first UK lender to go live with an innovative digital system developed in Denmark. Developed...
13 February 2019
From: Breaking News
![TBMC adds Family Building Society to its buy-to-let lending panel](/img/default/it.png)
Buy-to-let specialist TBMC has been added to the Family Building Society specialist packager panel. The firm will offer a range of buy-to-let...
24 December 2018
From: Breaking News
![Over half of borrowers rejected because the mortgage industry is ‘not fit for purpose’](/img/default/it.png)
The mortgage industry is failing to keep up with modern borrowers, according to a new study conducted by Together. It revealed that...
16 November 2018
From: Breaking News
![New partnership aims to encourage growth in P2P lending market](/img/default/it.png)
Landbay has chosen Oracle NetSuite to create a more accessible buy-to-let mortgage marketplace for investors, borrowers and brokers. Through NetSuite, Landbay will...
23 October 2018
From: Breaking News
![Major lenders committed to the new Lendex gateway](/img/default/it.png)
Mortgage Brain’s next generation lender gateway, Lendex, will now be used as a digital mortgage transaction tool by nine major lenders. Lendex,...
30 July 2018
From: Breaking News
![Mortgage Brain events reveal firm’s strategy and vision to lenders](/img/default/it.png)
UK lenders were given an insight into Mortgage Brain’s vision and technology strategy for the next generation at three exclusive events...
21 June 2018
From: Breaking News
![Successful first-time buyer mortgage applications reach two-year high](/img/default/it.png)
Over three quarters (76%) of first-time buyers’ mortgage applications via intermediaries resulted in a completion in Q1 2018, the highest number...
15 June 2018
From: Breaking News
![Digital mortgage start-up exceeds crowdfunding target](/img/default/it.png)
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...
04 April 2018
From: Breaking News
![Completion rates in first-time buyer mortgage applications rose in 2017](/img/default/it.png)
The majority (74%) of mortgage applications via intermediaries for first-time buyers resulted in a completion during Q4 2017, according to the...
09 March 2018
From: Breaking News
![Shawbrook expands specialist lending team](/img/default/it.png)
Shawbrook Commercial has strengthened its lending team with the recruitment of Anthony Harrison as the lending manager of commercial property. With nearly...
09 March 2018
From: Breaking News
![Hesitant borrowers turn to fixed rate mortgages](/img/default/it.png)
Yorkshire Building Society has seen a surge in fixed rate mortgage applications from borrowers ahead of a potential Bank of England...
31 October 2017
From: Breaking News
![Pepper announces imminent rebrand and new mortgages portal](/img/default/it.png)
Specialist lender Pepper Homeloans has announced that it will change its name to Pepper Money and will also be launching a...
02 October 2017
From: Breaking News
![Accord figures show a remortgage rush](/img/default/it.png)
Figures from Accord Mortgages show a jump in remortgage applications over the summer, with borrowers grabbing competitive mortgage deals ahead of...
08 September 2017
From: Breaking News
![Record August for The Mortgage Hut](/img/default/it.png)
The Mortgage Hut has seen a year on year rise of 30% in mortgage applications in August despite the traditional seasonal...
05 September 2017
From: Breaking News
![Strong performance from LSL mortgage networks in March](/img/default/it.png)
First Complete and Pink have revealed that their mortgage, protection and general insurance sales all reached record highs in 2017. The two...
02 June 2017
From: Breaking News
![Remortgaging boom a sign of growing uncertainty, says broker](/img/default/it.png)
A significant rise in people re-mortgaging to improve their existing homes could hit the new-build property market during 2017, mortgage broker...
22 February 2017
From: Breaking News
![Digital mortgage broker secures £5.5 million investment](/img/default/it.png)
Digital mortgage broker habito has raised £5.5 million in investment funding. The firm says it will use the money to enhance the...
25 January 2017
From: Breaking News
![Prospective buyers finding out about poor credit during mortgage applications](/img/default/it.png)
Poor credit scores are denying prospective property buyers from being granted mortgages, a new study has revealed. The research into the nation's...
18 January 2017
From: Breaking News
![Delays causing brokers most difficulty since introduction of MCD](/img/default/it.png)
The latest Broker Sentiment Survey by bridging lender MTF has found that delays to mortgage applications have caused brokers the most...
26 July 2016
From: Breaking News
![Homemover applications hit record conversion rate](/img/default/it.png)
Homemovers have just registered the highest success rate for turning mortgage applications into completions. Some 80% of homemover applications led to an...
03 June 2016
From: Breaking News
![Kensington goes paperless](/img/default/it.png)
Kensington has moved to paperless application processing as part of a wider shake-up aimed at making it easier for intermediaries to...
01 April 2016
From: Breaking News
![NatWest to instruct valuations on day one](/img/default/it.png)
NatWest Intermediary Solutions is to begin offering instructing valuations on day one in a bid to improve its mortgage speed-to-offer. From Monday, it...
04 March 2016
From: Breaking News
![Brexit fears drive mortgage enquiry surge](/img/default/it.png)
The forthcoming Brexit referendum is fuelling a surge in mortgage enquiries from worried buyers and owners. They fear mortgage costs will increase if...
03 March 2016
From: Breaking News
![New deal for one-year self-employed professionals](/img/default/it.png)
Kent Reliance has launched a new mortgage proposition for one-year self-employed professionals. The specialist mortgage lender for intermediaries bolstered its proposition for...
02 March 2016
From: Breaking News
![Accidental landlords to suffer in buy-to-let onslaught](/img/default/it.png)
Accidental landlords are most at risk of being caught out by Chancellor George Osborne's tax raids and new EU mortgage legislation,...
08 February 2016
From: Breaking News
![Limited company buy-to-lets surge 2000%](/img/default/it.png)
Landlord attempts to escape George Osborne's tax crackdown have triggered a 2000% rise in the number of limited company buy-to-let mortgage applications. New...
05 February 2016
From: Breaking News
![NatWest launches new broker tracking system](/img/default/it.png)
NatWest Intermediary Solutions has launched an online mortgage application tracking system that allows brokers to monitor individual customer mortgage applications. The Mortgage...
20 November 2015
From: Breaking News
![Four jailed in £300m mortgage scam](/img/default/it.png)
A businessman who masterminded one of the UK’s biggest mortgage scams has been jailed for five-and-a-half years. David Purdie, 57, appeared to...
19 October 2015
From: Breaking News
![NatWest cuts loan-to-income maximums](/img/default/it.png)
NatWest Intermediary Solutions has reduced its loan-to-income (LTI) maximums for mortgage applications up to 85% LTV. It has reduced its maximum LTI...
13 October 2015
From: Breaking News
![Remortgage market springs back into life](/img/default/it.png)
The number of remortgages grew strongly in May as homeowners took advantage of rising house prices and the lender price war...