Mortgage brokers

Mortgage brokers

Borrowers urged to retain cover as base rates hold

As the Monetary Policy Committee of the Bank of England voted to keep the base rate at 3.75%, insurance giant, Metlife UK, called on borrowers to seek advice from brokers before cancelling protection cover which was ‘more valuable than ever.’ ...

Why legacy lending is falling short of today’s buyers 

Rizwan Ali argues that diversity of applicants leave some mortgage models underserving home-buyers ...

British Bank Awards crown mortgage champions

British Bank Awards recognise leading mortgage firms for customer service and specialist lending expertise. ...

Tech investment to boost broker experience

Newcastle for Intermediaries has enhanced its product transfer experience, making it quicker and easier for brokers to review available products, compare options and complete like-for-like mortgage switches online via the lender’s broker portal. ...

Society expands BTL flexibility with 40-year term

Nottingham Building Society, the mortgages and savings mutual, has announced a series of updates to its BTL lending criteria – including an increase in its maximum BTL mortgage term to 40 years, up from the previous 35-year limit. ...

Support hub launched in bid to drive adviser growth

Distributor Group, The Right Mortgage (TRM), has launched a new Business Support Hub, a centralised platform designed to help AR firms and their advisers grow, scale and strengthen their businesses. ...

MAA mortgages double but ‘plenty of scope’ for more

The number of borrowers moving to a new lender thanks to Modified Affordability Assessments (MAAs) more than doubled in the wake of the FCA’s changes to the regime last summer, Stonebridge has revealed. ...

Paragon grows loan book on back of robust new lending

Paragon Bank has announced a 3.4% increase in its Mortgages loan book on the back of what it calls strong customer retention levels and robust buy-to-let lending. ...

Nationwide cuts rates for second time in a week

Nationwide has reduced mortgage rates for the second time in...

Biggest decline in mortgage rates since October 2024

Mortgage rates recorded their biggest monthly fall since October 2024...

Biggest June house price drop in 14 years

Rightmove reports the sharpest June asking price fall in 14...
Latest Features

More mortgage rate misery to come

Rising swap rates are pushing lenders to reprice fixed deals,...

Gross mortgage lending increases 11.1% by quarter

Mortgage advances and new commitments rise as higher LTV lending...

41% switch banks for better mortgages

Better mortgage deals are a key reason for bank switching,...