Press releases for November 2023
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 December 2023
Precise Mortgages, part of leading specialist lender OSB Group, has increased the number of product transfer options, providing greater choice and more flexibility. The addition of products with fees...
01 December 2023
United Trust Bank (UTB) Mortgages for Intermediaries has announced a raft of substantial rate reductions for its range of Second Charge Loans, creating market leading options for brokers and customers...
01 December 2023
SmartSearch, the UK’s leading provider of digital compliance and anti-money laundering (AML) technology, has successfully retained its full Great Place To Work accreditation. The prestigious accredit...
01 December 2023
Clever Lending, the specialist finance packager and master broker, has helped a customer raise funds for the purchase of a commercial investment. The broker’s client, an accountancy firm, was lookin...
30 November 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Reflecting the lower number of approvals over the last quarter the figures today were what was expected. However, seeing yesterday that ...
30 November 2023
Karl Wilkinson, CEO at Access Financial Services commented: “October’s data reveals a 21% decline compared to the same period last year, prior to the mini budget, with transaction figures expected to ...
30 November 2023
Remortgaging landlords are voting with their feet, demonstrating a restored confidence in fixed rate mortgages, Landbay’s latest landlord survey shows. More are opting for five-year fixed mortgages a...
30 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today launched new Special rates across both its buy-to-let and owner-occupied ranges. For buy-to-let, the lender has cut Special r...
30 November 2023
Fleet Mortgages, the buy-to-let specialist lender, has today (30th November 2023) cut rates on selected Tracker and Green Tracker products, as well as on a number of two-year fixes. The lender has cu...
30 November 2023
Loughborough Building Society has today (Thursday 30 November) implemented positive criteria enhancements to help address ongoing affordability issues for newly qualified professionals and for those w...
30 November 2023
Hampshire Trust Bank (HTB) has provided a £12.5 million bridging loan deal for a complex transaction involving two land sites in Nottingham. The client was looking to pay off existing private funder...
30 November 2023
The specialist buy-to-let lender has expanded its product offering, which is now organised into two distinct ranges: CHL 1 and CHL 2. Sitting within CHL 1 as part of a new Standard Buy-to-Let range, t...
29 November 2023
Specialist lender Spring Finance (Spring) has announced the release of a range of first charge residential re-mortgage products which are available on a pilot basis. The range mirrors their existing s...
29 November 2023
Following the release of October’s Bank of England Money and Credit Statistics, https://www.bankofengland.co.uk/statistics/money-and-credit/2023/october-2023 here is a comment for you from Target. Tar...
29 November 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “With lenders needing to make their lending targets before the end of the year it is good to see the number of mortgage approvals increas...
29 November 2023
Newcastle Intermediaries has reduced rates across its BTL product range by up to 0.36% and simplified the way it applies stress rates to BTL lending. The reduced rates include a five-year fixed rate ...
29 November 2023
Paradigm Protect, the directly authorised protection proposition - which is part of Paradigm Mortgage Services - has today (29th November 2023) added Bupa to its Private Medical Insurance (PMI) panel....
29 November 2023
Buckinghamshire Building Society have launched a new fixed rate mortgage product, tailored specifically for expatriate buy-to-let landlords. This 5-year offering is designed to meet the unique needs o...
29 November 2023
The Open Property Data Association (OPDA) has warmly welcomed the Government launch of pilot projects to explore digital solutions to improve the home buying and selling process. OPDA engages with ...
29 November 2023
Smart Money People, the UK’s dedicated financial services review site, has released its H2 2023 Mortgage Lender Benchmark covering mortgage broker opinions on UK mortgage lenders for the second half o...
28 November 2023
Alternative Bridging Corporation has promoted Daniel Smith to role of Business Development Manager (BDM), covering the whole of the UK. Daniel, who will work with brokers across the country, joined A...
28 November 2023
Consumer Duty, attracting new business on social media and how brokers’ business levels were holding up were three of the most talked about topics this year on the cherryplc.co.uk Adviser Forum. che...
28 November 2023
Hanley Economic Building Society has announced strong financial results for the year ended 31 August 2023. Total assets have increased during the financial year by 9.72%, rising to £516.22m from £470...
28 November 2023
MorganAsh, the support services provider to the financial services sector, has announced a full range of upgrades to its award-winning consumer vulnerability assessment platform. The latest version o...
28 November 2023
One Mortgage System (OMS), the leading CRM platform in the intermediary market, has extended its contract with TMG Mortgage Network for another five years. TMG Mortgage Network (TMG) initially enter...
27 November 2023
Dudley Building Society are delighted to announce the appointment of Andrew Turvey as Chief Risk Officer, subject to regulatory approval. Andrew brings with him a broad range and depth of experience ...
27 November 2023
The new debt and insurance advisory firm will offer an unparalleled fusion of expertise and innovation Karis Capital has announced its launch as a premier real estate debt advisory firm with plans t...
27 November 2023
Norton Broker Services has partnered with Legal & General Ignite, the free and integrated mortgage research and product sourcing platform. Following its recent partnership with One Mortgage System, Le...
25 November 2023
In a strategic move to enhance broker expertise, The Loans Engine (TLE) has introduced a series of Specialist Lending Product Clinics designed to assist brokers in understanding the intricacies of the...
24 November 2023
● The agreement will leverage Funding Circle’s data and technology driven platform to deploy up to £150m of funding to UK small businesses ● This is the third partnership with Atom bank, bringing tota...
23 November 2023
• Richard Beardshaw, Head of Sales, Mortgage Intermediaries at HSBC UK, has been appointed as Chair of IMLA’s Management Committee for 2024 and 2025 • Nicola Goldie, Head of Strategic Partnerships and...
23 November 2023
Newcastle Intermediaries has made rate reductions of up to 0.25% across its Interest Only proposition. The reduced rates include a five-year fixed rate available at 5.55% (6.6% APRC), with early rep...
23 November 2023
Pepper Money has reduced rates across more than 300 products across its Residential and Affordable Home Ownership product ranges. The largest reductions are on the specialist lender’s 85% LTV mortga...
23 November 2023
Rob Stanton has been promoted to sales and distribution director of Landbay. Previously he was Landbay’s business development director having joined Landbay as a regional account manager in 2018. Rob...
23 November 2023
The UK's tech prowess urgently needs to filter into the tech and digitisation of the home buying and selling - Comment on the Autumn Statement from Maria Harris at the OPDA Maria Harris, Chair of OPD...
23 November 2023
Quote from Hiten Ganatra, MD of Visionary Finance re Autumn Statement: "There has been no respite for millions of households since the start of the cost of living crisis and so reducing the national ...
23 November 2023
Just Mortgages is one of the largest mortgage brokers in the UK, with more than 650 advisers working across both employed and self-employed divisions. It is part of Spicerhaart, the UK’s largest indep...
23 November 2023
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has announced a full application programming interface (API) integration with the industry’s...
23 November 2023
● Prime mortgage rates reduced by up to 0.20% ● 5-year fixed rates now start from 4.84% Atom bank has lowered rates again on its Prime mortgage range for residential customers, the seventh time the ...
22 November 2023
“This Autumn Statement presented the Government with an opportunity to really move the dial on housing market activity, and to introduce some fresh incentives to get people moving and buying. This was...
22 November 2023
The Right DA Club has today (22nd November 2023) announced it is to offer member firms virtual Mortgage Application Fraud & Quality Masterclasses to help identify potentially fraudulent activity in th...
22 November 2023
Financial services technology firm Phoebus has won three awards in as many weeks for its growth and Environmental, Social and Governance (ESG) credentials. Last week Phoebus collected the Award for E...
22 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today cut rates on a number of buy-to-let Limited Edition products and launched a new five-year Limited Edition fix. The Limited Ed...
22 November 2023
Three-quarters of landlords (74%) welcome the government’s decision to scrap the proposal that all rental property must have an Energy Performance Certificate (EPC) rating of at least C by 2028. The ...
22 November 2023
Aspen Bridging took no search indemnity on a block of part-finished flats to provide a £810k No Valuation facility in just 12 days to keep a developer’s projects on-track. Representing 71% LTV, the ...
21 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today launched a new Extra range of products within its F2 buy-to-let range covering more unusual properties and landlord borrower n...
21 November 2023
Just Refer, the new referral portal for national brokerage Just Mortgages and financial services arm Just Wealth, has supported brokers in referring more than 400 clients for wider financial advice. ...
20 November 2023
As a bridging lender with over 13 years of lending (9 of those providing regulated bridging) we have the know-how and experience to take your case from initial enquiry to completion in a manner you an...
20 November 2023
Newcastle Intermediaries has reduced rates across its 95% LTV Shared Ownership proposition, and introduced 85% and 90% LTV products to the range. The expansion to the lender’s Shared Ownership range...
20 November 2023
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers and lenders, has confirmed its attendance at the upcoming “Best Kept Secrets” Broker Event. ...
20 November 2023
Specialist buy-to-let lender Landbay has announced further rate reductions across its two-year and five-year fixed rate products. Rates on Landbay’s two-year fixed standard and like-for-like range ha...
20 November 2023
Target Group has re-imagined the role of a Decision in Principle (DiP). This will transform the mortgage application process, shortening it from up to eight weeks down to just seconds for lenders who ...
17 November 2023
• Prime rates reduced by up to 0.15% • Near Prime rates reduced by up to 0.10% • The bank also reveals success in helping FTBs onto the ladder over the last 12 months Atom bank has cut rates across i...
17 November 2023
Kent Reliance for Intermediaries, part of leading specialist lender OSB Group, has made a number of changes to its buy to let product range, including lowering rates and raising the maximum beds from ...
17 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today (Friday 17th November) announced rate reductions across both its buy-to-let and owner-occupied Core product ranges. Within it...
16 November 2023
• Average number of mortgage cases placed remains stable at 92 per year, according to the latest findings from IMLA’s Mortgage Market Tracker • Intermediary market confidence down in Q3, but on upward...
16 November 2023
OPDA has expanded its Member Executive Committee with the appointment of Nick Chadbourne, CEO of LMS. The Open Property Data Association (OPDA) has expanded its executive committee. This is to furthe...
16 November 2023
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a new two-year fixed-rate mortgage as well as a 100 bps reduction across its fixed-rate mortgage product range. The ...
16 November 2023
Nearly a third (32%) of people aged 50 – 79 years consider themselves vulnerable, according to a LiveMore survey of 500 homeowners. Almost half of those (47%) said it is because they have little or n...
16 November 2023
More than two thirds of regulated firms (70%) do not always complete essential identity checks when taking on new individual customers, new survey data can reveal. Less than half of regulated firms (...
16 November 2023
VAS Valuation Group has added six new videos to its Knowledge Hub programme as the business actively responds to market questions submitted by brokers and lenders. For VAS Panel, Stephen Todd, Chief ...
16 November 2023
Source has strengthened its relationship with LV= Broker, revealing the insurer as the second underwriter of Source's Common Policy Wording – Source Home. Source Home is the first home insurance prod...
16 November 2023
Luxury asset lender, Suros Capital is offering brokers 3% commission on loans secured against luxury assets until Christmas. The new deal marks a 2% increase on the current baseline commission and ca...
15 November 2023
“The latest house price data from ONS reflects the anecdotal evidence we are receiving from brokers. The last year has obviously been very challenging for the property market but, with the Bank of Eng...
15 November 2023
William Lloyd-Hayward has been appointed as Managing Director of Sirius Finance, after it was announced that the business has returned to being a wholly owned subsidiary of Brightstar Financial last w...
15 November 2023
Firms using vulnerability assessments for Consumer Duty compliance are identifying a large variation in vulnerability across the industry’s key sectors, the latest data from the MorganAsh Resilience S...
15 November 2023
Specialist buy-to-let lender Landbay continues to reduce rates, this time by up to 0.10% across all of its five-year fixed-rate products. Many of the rates start below 5% including the 75% LTV range. ...
15 November 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Bringing inflation down was the intent from the Bank of England when it first started increasing the bank base rate and we are, at last,...
15 November 2023
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “After two months of no movement in inflation, it is good to see the October figures showing a significant fall to ...
15 November 2023
Landlord confidence across a number of different metrics has improved over the course of the last quarter, with many anticipating continued increases in rental yield, a stronger performance from their...
15 November 2023
MorganAsh provides the MorganAsh Resilience System (MARS) to enable brokers, advisers and financial services firms to better manage and evaluate consumer vulnerability and comply with Consumer Duty. ...
15 November 2023
● Over the last four months, more than one in five applications have been approved on the same day, with over a third gaining approval the same or next day ● Well over half of all cases, purchase, a...
14 November 2023
One Mortgage System (OMS), a single-input enquiry to completion platform for brokers and lenders, has announced it has joined Mortgage Marketing Forum. By joining, OMS demonstrate the desire to stay ...
14 November 2023
“16 Housing Ministers in 13 years shows just how ‘important’ this role has become in Government, and it seems barely believable that our sector has yet another Housing Minister. At a time when some of...
14 November 2023
Stonebridge, the national mortgage and insurance network, has today announced it has relocated its Head Office after over a decade, driven by growth of the network, resulting in a planned increase in...
14 November 2023
Hanley Economic Building Society has announced the launch of a fee-free two-year fixed rate product with a headline rate of 5.55%. This product is available up to 75% loan-to-value for purchase and r...
14 November 2023
Movera, a progressive group of home moving businesses, has unveiled two key hires to fuel the firm’s next phase of expansion and tech-driven innovation. The recently rebranded firm has made significa...
14 November 2023
The Right Mortgage & Protection Network has today (14th November 2023) added Wiltshire Friendly to their specialist group protection proposition. The Right Mortgage & Protection appointed representat...
14 November 2023
United Trust Bank (UTB) Mortgages for Intermediaries has reduced interest rates for its Second Charge Loans by up to 70bps and 5yr fixed rates for prime borrowers now start from a market leading 7.55%...
14 November 2023
Specialist buy-to-let lender CHL Mortgages has reduced its fixed rates by up to 39basis points (bps). The Individual and Limited Company 2-year fixed rates now start from 5.40%, a reduction of 35bps,...
14 November 2023
Mansfield Building Society has launched a new 5-year fixed rate mortgage, available up to 95% LTV, with affordability stressed at the pay rate to help overcome affordability challenges. Affordability...
14 November 2023
National brokerage Just Mortgages has announced the appointment of Shey Wade to the role of digital marketing manager. Shey will work across the financial services division at Spicerhaart to support ...
13 November 2023
The Loans Engine (TLE) is pleased to announce the promotion of Steve Nobbs from Head of Unregulated Mortgage Broking to Unregulated Mortgages Director. Steve, who has been a dedicated professional in...
13 November 2023
Advertising in the later life space has become a hot topic of late and rightly so. The Financial Conduct Authority (FCA) and Advertising Standards Agency (ASA)have both weighed in on the subject in re...
13 November 2023
Award-winning network, HL Partnership (HLP) is delighted to announce a collaboration with Property Circle that will significantly enhance HLP’s technology offerings through the integration of Property...
13 November 2023
StrideUp has reduced its rates on both 2- & 5-year fixed rates by 80bps on 2-year and 55bps on 5-year up to 80% finance to value. Rates are now 6.69% & 7.24% respectively. The home finance provider ha...
10 November 2023
Vida, the specialist lender, have announced rate reductions in their buy to let (BTL) product range. Five-year fixed rates at 75% loan to value (LTV) on their Vida 36 tier have been dropped by up to ...
10 November 2023
The Later Life Lending and Equity Release Network, part of The Right Mortgage, has today (10th November 2023) announced details of its 2023 end of year Annual Conference and Winter Masquerade Ball. T...
10 November 2023
Fraser Johns, finance director at Beard said: "Following the PMI data earlier this week which showed a decline in output in October, news this morning of a 0.4% uplift in volume in September shows jus...
10 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today (Friday 10th November) announced a number of price reductions to both its owner-occupied and buy-to-let product ranges, and th...
09 November 2023
Spring Finance and high net worth specialist broker, Private Finance have completed a regulated bridging loan for the purchase and renovation of a Grade II listed MUFB with a £2.9m GDV. Ryan Garbett ...
09 November 2023
Roma Finance, the borrower first lender, achieved its record month in October, not only for new business following the highly successful launch of its new FLOW product range. New business increased by...
09 November 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Put into perspective the number of mortgages in arrears accounts for just 0.93% of all homeowner mortgages. However, the rate at which a...
09 November 2023
United Trust Bank (UTB) and Iron Bridge Finance are supporting the redevelopment of a pair of semi-detached Victorian villas in sought after Swiss Cottage, London. The development is being undertake...
09 November 2023
Landbay is making rate reductions of up to 0.30% across its two and five-year fixed rate buy-to-let ranges. This is Landbay’s second major rate reduction in just over a week and follows hard on the h...
09 November 2023
In October 2023, LiveMore reported a 330% growth in lending since the start of the year. The lender, which specialises in borrowers over 50, saw 35% monthly growth in October. It was also their best ...
09 November 2023
Bridging loan books hit a new record high in Q3 2023, according to the latest data from the Association of Short Term Lenders (ASTL), with applications and completions also showing strong growth durin...
09 November 2023
Pepper Money has partnered with technology platform, Lending Score, to harness the power of Open Banking. Lending Score aims to minimise the time it takes for brokers and lenders to obtain the correc...
09 November 2023
Aspen Bridging has appointed Rory Cleary, one of the most experienced sales people in the specialist finance industry, as their new Head of Sales. Cleary, who joins the business with immediate effect...
09 November 2023
The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has today (9th November 2023) said it is ‘relieved’ to see a Leasehold and Freehold Bill in this week’s King’...
09 November 2023
Fintech leaders Nivo have been named as one of the most innovative compliance technology creators for 2023, achieving 5th place in Business Cloud’s RegTech 50 rankings. The RegTech 50 is an annual ra...
08 November 2023
Source Insurance welcomes Prestige Underwriting, specialist non-standard MGA, to their home insurance panel as the first of many underwriters of their new common worded, insurance product – Source Hom...
08 November 2023
Sirius Property Finance has returned to being a wholly owned subsidiary of Brightstar Financial, reacquiring the shareholding of Nicholas Christofi who was a Co-Founder of the business and Managing Di...
08 November 2023
JMW Solicitors has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member. JMW's Real Estate Finance team is one of the largest dedicated finance ...
08 November 2023
As has been well-reported over the years, property prices have risen by approximately 1000% since Halifax started keeping count back in 1983. We have had two significant “crashes” since then, one in t...
08 November 2023
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers and lenders, has announced updates to its dedicated Consumer Duty functionality on the platfo...
08 November 2023
Fleet Mortgages, the buy-to-let specialist lender, has today (8th November 2023) cut rates on all its standard and limited company five-year fixes. The lender has cut rates by 20 basis points (bps) a...
07 November 2023
Pepper Money has launched a Limited Edition range of 3-year fixed rate mortgages to support customers in their final phase of credit repair before potentially refinancing to a mainstream lender. The...
07 November 2023
Research conducted amongst commercial brokers reveals over half (54%) see a rising appetite from SMEs for external funding, up 6% from Q2 Pulse Property purchase was the most common purpose for taki...
07 November 2023
Two-thirds of buy-to-let landlords (66%) do not intend to sell any of their property in the next 12 months and 36% of those actually intend to buy, according to the latest Landbay survey. The other t...
06 November 2023
Fraser Johns, finance director at Beard Construction said: “Despite a stabilisation of commercial building, the headlines will be the eleventh straight monthly fall in housebuilding which is having a ...
03 November 2023
Millbrook Business Finance, a leading broker in the business finance market, has today (3rd November 2023) revealed details of its latest survey of SME business owners. It found that for nearly half...
02 November 2023
“The mood music prior to this announcement appeared to point to the MPC holding Bank Base Rate due to a number of factors, not least a fall in UK food inflation announced earlier this week and, I susp...
02 November 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “We may not have had the ubiquitous crystal ball to help us predict the MPC’s decision today, but it turns out we didn’t need one. Keepin...
02 November 2023
MorganAsh provides the MorganAsh Resilience System (MARS) to enable brokers, advisers and financial services firms to better manage and evaluate consumer vulnerability and comply with Consumer Duty. ...
02 November 2023
Mark Tosetti, Partnerships Director at Movera commented: “As widely predicted the Monetary Policy Committee (MPC) have not rocked the boat and opted for a second successive pause. “Perhaps the decisi...
02 November 2023
Simon Webb, managing director of capital markets and finance at LiveMore, said: “The Monetary Policy Committee has made the decision expected by the market by keeping the base rate at 5.25%. It follow...
02 November 2023
● Reductions of up to 0.20% between 60-95% LTV across Prime and Near Prime products ● 6th Prime rate reduction made since August 2023 as Atom strives to offer great value ● Reduction follows £100m cap...
02 November 2023
Data from Knowledge Bank's September criteria index reveals persistent themes of a financial landscape that continues to challenge both borrowers and lenders. While some trends have remained consiste...
02 November 2023
Suros Capital, the luxury asset backed short term lender, has completed a follow on loan of £800,000 in 24 hours for an existing customer, who used the same luxury asset as they had when taking out a ...
02 November 2023
Rosemount Financial Solutions (IFA), one of the largest independent mortgage and financial planning networks in the UK, has announced signing a contract renewal agreement with Twenty7tec to extend its...
02 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today (Thursday 2nd November) refreshed its buy-to-let ‘Specials’ product range to incorporate rate reductions of up to 0.15%. The ...
02 November 2023
Paradigm, the mortgage, protection and compliance services proposition, has today (2nd November 2023) launched its sixth annual ‘Reverse Advent’ charity drive running throughout November and December,...
02 November 2023
Aspen has completed another ultra-luxury London Finish & Exit bridge in a matter of weeks with a £6m loan at 75% LTV on a large Georgian Stucco house in Kensington. The project has already seen majo...
02 November 2023
• Vida have introduced a seven-year fixed rate to their residential range • Available at 90 per cent loan to value (LTV) for both purchase and remortgage • New buy to let limited edition product also...
01 November 2023
Kuflink, the specialist bridging lender, has announced that it has become the latest lender to join Dynamo for Intermediaries’ lender panel. All of Kuflink’s products will now be available via Dynamo ...
01 November 2023
• The funds will be used to accelerate lending and balance sheet growth as the digital bank continues to challenge the incumbents • Atom has developed a highly scalable business model, which has been ...
01 November 2023
The organisers of National Conveyancing Week (NCW) have today (1st November 2023) confirmed plans for the 2024 event, which will take place between the 11th and 15th March 2024. Rob Hailstone (Bold L...
01 November 2023
Pepper Money has made a number of enhancements to its lending criteria to help customers maximise their affordability when they apply for a mortgage. The specialist lender has increased the amount o...