Press releases for September 2022
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30 September 2022
OSB Group has become the latest member to join the Association of Short-Term Lenders (ASTL). OSB Group is a leading specialist lender, primarily focused on carefully selected sub-segments of the mor...
30 September 2022
“While August’s figures are significant with the highest number of mortgage applications seen all year, the figures already seem out of date in perspective of the turmoil since the ‘mini-budget’ last ...
30 September 2022
“The Bank of England figures are significant on their own but when put in the context of what has happened in the past week since the mini-budget, there were already warning signs. Mortgage approvals ...
30 September 2022
John Phillips, national operations director at Just Mortgages said: “Despite many external factors predicted to stifle activity, the housing market actually showed real buoyancy in the previous month....
30 September 2022
Mortgage and protection broker, Access Financial Services (Access FS), has exceeded twenty protection providers on its panel with the addition of its latest providers Hive Insurance Services and HSBC....
30 September 2022
The UK’s largest criteria search system, Knowledge Bank is once again stepping in to help brokers navigate the rapidly changing mortgage market as it introduces daily criteria updates and live ‘banner...
30 September 2022
Foundation Home Loans, the intermediary-only specialist lender, has today announced a new range of buy-to-let mortgages. The lender has reduced its F1 75% two-year discount rate by 25 basis points, w...
30 September 2022
OSB Group has become the latest member to join the Association of Short-Term Lenders (ASTL). OSB Group is a leading specialist lender, primarily focused on carefully selected sub-segments of the mor...
28 September 2022
- Allica hits its target of becoming profitable in 2022 – the bank has been profitable on monthly basis since June 2022 - Profitability reached in just over two years since the bank opened its door...
28 September 2022
Try Financial Ltd has announced today that its Appointed Representative Network has been re-branded and re-launched to the market as the Blue Planet Mortgage Network. TFL Managing Director, Martin Sw...
28 September 2022
The removal of the Loan to Income (LTI) flow limit is one measure that could help thousands of first-time buyers overcome affordability hurdles in purchasing their first home. This is according to da...
28 September 2022
The Right Retirement Package launches a new way for advisers to continue earning under their ‘future-proofing’ scheme. The package allows advisers to create an extension to their businesses, by utilis...
28 September 2022
Mortgage Magic has launched new telephone services that enable brokers to make calls through the platform, record calls and generate reports. The new functionality provides Mortgage Magic users with ...
27 September 2022
The team at MorganAsh has announced further upgrades to its new adviser tool to help businesses better manage and evaluate consumer vulnerability. As businesses prepare for Consumer Duty, the MorganA...
27 September 2022
Monument Bank Limited has announced the appointment of Anita Maclean as Chief of Staff, effective on Monday 26th September 2022. In her new role, Anita will support the senior leadership team drive c...
27 September 2022
As the financial world is increasingly in turmoil and the UK is gripped by the perfect storm of high inflation, a cost-of-living crisis and a changing government, brokers are steadfastly searching for...
27 September 2022
Foundation Home Loans, the intermediary-only specialist lender, has today announced the reappraisal of its residential mortgage credit tiers, including the introduction of a new F4 product tier, in ad...
27 September 2022
Aspen Bridging took just 14 days to complete an 80%, £760k gross Bridge-To-Let (BTL) loan and save the developer’s latest project from further costly delays. The applicant, who is developing a Grade...
26 September 2022
A team from United Trust Bank (UTB) is aiming to raise £10,000 for the Bank’s Charity of the Year by completing this year’s TCS London Marathon. Buster Tolfree and Liam Stannard from UTB’s Mortgage D...
26 September 2022
UK, 26 September 2022: Users of Sourcing Brain and Criteria Brain, the cloud-based platforms from mortgage technology expert Mortgage Brain, will now have access to Tandem residential mortgages. From...
26 September 2022
Alternative Bridging Corporation has expanded its office by more than 50% to accommodate its larger team and support the continued growth of the property lender. Since the beginning of the year, Alt...
23 September 2022
Nick Hale, ONP Group CEO, says: “The cut in stamp duty should have a positive effect for first-time buyers and for people more generally, with the nil rate band being lifted to £250,000. This initiall...
23 September 2022
Simon Webb, LiveMore Capital managing director – capital markets and finance, said “I expect this to be seen as a budget that attempts to balance inflationary pressures with economic growth objectives...
23 September 2022
Richard Pike, Phoebus Software’s chief sales and marketing officer, says “The SDLT reform announced today is something that the industry has been crying out for. To hear the word ‘permanent’ means tha...
23 September 2022
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced that a further 13 trainees have successfully graduated as AssocRICS surveyors t...
23 September 2022
Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE G...
22 September 2022
Richard Pike, chief sales and marketing officer at Phoebus Software, says “This was probably the worst kept secret this week, that and the expected cut to stamp duty tomorrow. While we were expecting ...
22 September 2022
John Phillips, national operations director at Just Mortgages said: “There was a certain inevitability to this latest 0.5% bank base rate rise although it’s worth noting that three of the MPC membe...
22 September 2022
Simon Webb, managing director – capital markets and finance “Today’s hike in Bank of England base rate, while widely anticipated, still means they are the highest they’ve been for a generation. There ...
22 September 2022
Andrew Gething, managing director of MorganAsh said: “In the current climate, it should come as no surprise to see the Bank of England raise interest rates for the seventh time in a row up to 2.25 per...
22 September 2022
Alternative Bridging Corporation has promoted Phodis Maratheftis to Head of Sales, London & South East. Phodis joined Alternative Bridging as a Case Manager in 2016 and has previously been promoted ...
22 September 2022
Almost one in five (17 per cent) regulated firms admit to not checking new customers against sanctions or Politically Exposed Person (PEP) lists, a new survey has revealed. The disclosures come as Pu...
22 September 2022
Landbay has today launched a partnership with wealth management firm 2plan, whose financial advisers with mortgage permissions will now have direct access to Landbay’s suite of specialist prime buy-to...
22 September 2022
360 Dotnet’s wealth and mortgage platform, 360 Lifecycle, has launched electronic identity data verification (eIDV) and anti-money laundering (AML) software and welcome New Leaf Distribution and Expre...
22 September 2022
The rising cost of energy could lead to thousands of applicants missing out on mortgages due to the impact on their affordability. Data analysis by Mortgage Broker Tools (MBT) has found that, while ...
22 September 2022
United Trust Bank (UTB) has appointed Jack Heath as Business Development Manager as the Bank continues to expand its Bridging Sales Team and grow its Bridging business. Jack has joined UTB from Knigh...
21 September 2022
The Right Mortgage & Protection Network have returned with their national flagship event with a new theme around limitless sales and ambitions. The event promises a host of 60 plus attending provider...
21 September 2022
Leading national broker firm Just Mortgages has launched a new golden hello scheme to help principal firms attract experienced advisers who are transferring from an employed role to self-employed. Th...
21 September 2022
Specialist short-term lender, Hope Capital, has taken on board the feedback received from brokers and borrowers and streamlined its overall proposition to provide an even more affordable, flexible and...
21 September 2022
Specialist Hub has announced that July and August saw its two best months for income generation since its inception in 2004. The company - whose specialist lending portfolio includes commercial, resi...
21 September 2022
Richard Pike, chief sales and marketing officer at Phoebus Software, says “Once again the figures from HMRC show that the market continues to perform well. A good sign in the face of everything that i...
21 September 2022
‘Growing opportunities for brokers in the specialist mortgage market’ – was commissioned by United Trust Bank. It is based on a mixture of independent qualitative and quantitative research carried out...
21 September 2022
Karl Wilkinson, CEO of Access FS, said today “Despite much talk of impending recessions, and regardless of political and economic uncertainty, UK residential housing transactions (non-seasonally adjus...
21 September 2022
Evolution Money, the second-charge lending specialist, has today (21st September 2022) revealed the latest results from its quarterly data tracker, which reviews borrower types, average mortgage sizes...
21 September 2022
Computershare Loan Services and The Deposit Protection Service (The DPS) have awarded £40,000 to national youth homelessness charity Depaul UK for the second year running. The organisations said the ...
20 September 2022
Packager First 4 Bridging (F4B) and the F4B Network has today (Tuesday 20 September) announced a full rebranding of the businesses and will now be known as Envelop and Envelop Network respectively. F...
20 September 2022
Landbay is bucking the trend of rising rates, by today (Tuesday 20th September) lowering interest rates on its two-year fixed rate buy-to-let mortgages. This will apply to standard properties, houses ...
16 September 2022
Martin said: “The high-profile arrest of one of Europe’s biggest money launderers – responsible for laundering over 200 million euros, clearly demonstrates the determination of authorities all across ...
16 September 2022
Second charge lending totalled £166.5 million in August 2022, figures reported directly to Loans Warehouse from second charge lenders confirm. In addition to an incredible fourth month in 2022 where ...
16 September 2022
Zinga Financial Services has completed a hard to place case for an Almost Primer with Pepper Money, helping a self-employed customer with minor adverse to purchase a new home. The broker was working ...
15 September 2022
Hertfordshire-based bridging lender TAB completed £34m of loans in August — up from £30m in June and July. August saw the lender complete 8 loans totalling £34m beating their previous record month, s...
15 September 2022
Regulated firms using manual methods of verification to onboard new individual customers are wasting hours of business time in the process, new data shows. And many of them also acknowledge that thos...
14 September 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Rather unexpectedly, CPI inflation fell by 0.2% in August, down to 9.9%. Now that the energy price cap has been re...
14 September 2022
Richard Pike, chief sales and marketing officer, says “Even though we are seeing the cost of fuel coming down on forecourts across the country, everything else is becoming more expensive. The Prime Mi...
13 September 2022
United Trust Bank (UTB) has appointed Sundeep Patel to the key role of Director of Bridging, with a mandate to significantly grow the Bank’s short term lending business. Sundeep, who is currently on ‘...
13 September 2022
Fleet Mortgages, the buy-to-let specialist lender, has today (13th September 2022) announced the launch of new buy-to-let Green Mortgages and the reintroduction of 65% LTV products across its three co...
13 September 2022
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced it has funded a £13m portfolio landlord refinance – one of the largest to date for the company. The lender said that...
13 September 2022
Landbay has appointed Paula Dowson to the role of regional account manager for the North East of England. She over 20 years of experience having started her career at Northern Rock and joins Landbay ...
12 September 2022
Richard Pike, chief sales and marketing officer at Phoebus Software says “We have seen a 0.2% uplift in GDP in July, but unfortunately a lot of this will be ironically, and sadly, attributed to the Qu...
08 September 2022
Landbay has restructured its term tracker range of buy-to-let mortgages with rate reductions and new products to replace some of those that have been withdrawn. Term tracker rates are down by 0.86% t...
08 September 2022
Alternative Bridging Corporation has secured a new dedicated residential development funding line from its bankers. The new funding line will release existing facilities and help the property lender ...
07 September 2022
Andrew Keehner joins the SME bank as Relationship Manager to help shape and develop the lender’s bridging proposition. SME lender Recognise Bank has appointed experienced BDM Andrew Keehner as its la...
07 September 2022
Norton Home Loans has partnered with Connect for Intermediaries, providing members of the network with access to its full range of specialist mortgages. Norton Home Loans offers a range of specialist...
07 September 2022
“It’s time for lenders to update their conveyancing guidance” says Groundsure CEO. Environmental analytics business Groundsure has announced the latest legal climate risk advice it has received from ...
07 September 2022
UK credit card utilisation is growing at its fastest rate for 15 years. Economists have speculated the reported April’s £1.4bn rise in credit card balances could be evidence of the challenges middle a...
07 September 2022
During this unprecedented time of financial challenges, increasing inflation is causing real issues with families across the UK. Experts predict that inflation will reach a 40-year high which is cont...
07 September 2022
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for advisers, has announced a collaborative integration with Dashly, the always-on mortgage monitor that ...
07 September 2022
eConveyancer has launched a new panel management partnership with Moray Group in Scotland. Moray Group includes multiple brands in the Scottish property market, including Simpson & Marwick and Esson ...
07 September 2022
Roma Finance, the lender less ordinary, has today launched a below market value bridging product and has reduced rates on the higher loan-to-values across its short term finance range. The new below...
06 September 2022
“The new Prime Minister has a huge in-tray to tackle right across the board, and the UK housing market is no exception to that. We currently have significant supply-side shortages in both the owner-oc...
06 September 2022
VAS Panel has completed over £1bn worth of valuations for Allica Bank in just 16 months, comprising over 1,100 applications and more than 40 different business sectors. The relationship, which fully ...
06 September 2022
Stonebridge, the national mortgage and insurance network, has today (6th September 2022) added Connect for Intermediaries to both its referral and packaging panels. The new partnership provides more ...
06 September 2022
Foundation Home Loans, the intermediary-only specialist lender, has today (6th September 2022) extended its ABC+ Green mortgage range with the addition of a set of Special Edition two-year buy-to-let ...
06 September 2022
- Allica Bank targets £500 million in committed loan offers between September and the end of the year - Extending its commercial investment offering to include a fixed-rate, interest-only repayment ...
06 September 2022
Mortgage lenders are restricting the maximum loan sizes available to higher income earners, according to the latest Mortgage Broker Tools (MBT) Affordability Index. Data from the broker research pla...
06 September 2022
As part of its Environmental, Social and Governance (ESG) policy, Phoebus Software Limited (PSL) has partnered with Positive Planet to help reduce its environmental impact. PSL has been a carbon neut...
06 September 2022
The Association of Short Term Lenders (ASTL) has announced the appointment of three new members to its executive board. The three new executive board appointments were elected by members of the ASTL...
05 September 2022
Paradigm Mortgage Services, the mortgage services proposition, has today (5th September 2022) announced the appointment of Even to its lender panel. From today, Paradigm member firms can benefit from...
02 September 2022
The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has today (2nd September 2022) announced PEXA, a digital platform for transacting remortgage cases, as its la...
01 September 2022
New research from Allica Bank shows SMEs have a heightened focus on finding finance to boost their sustainability, with 65% of commercial mortgage brokers and 76% of asset finance brokers saying they ...
01 September 2022
The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has today (31st August 2022) launched a new survey of all conveyancing firms asking them to share details of ...
01 September 2022
Connect Network has partnered with rent-to-own specialist, Keyzy. Keyzy enables people to move into a property with no deposit with the option to build up a deposit while living there and buy it later...
01 September 2022
Tuscan Capital, the short-term property finance specialist, has announced the launch of a new base rate tracker option. The new option is available across Tuscan’s Fast Track Residential Bridge loans...
01 September 2022
Mortgage and protection network, HL Partnership, has appointed Ian Pratt to help member firms through training and ongoing support to develop protection business alongside their primary mortgage propo...
01 September 2022
Mortgage affordability has dropped to its lowest level in 2022, according to the latest Mortgage Broker Tools (MBT) Affordability Index. Data from the broker research platform shows that the minimum...
01 September 2022
- Both network and club members will now have access to home, BTL, commercial and non-standard insurance products - Firms now have the choice to advise or refer to Uinsure, depending on the type of ...
01 September 2022
The Association of Short Term Lenders (ASTL) has announced the agenda for its Annual Conference, which takes place in London on Thursday 20th October 2022. The ASTL Annual Conference 2022, which tak...
