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Step One to enhance offering with new funding line

Step One to enhance offering with new funding line

Step One Finance has announced that global investment managers have acquired a minority stake in the firm, allowing it to "significantly increase its presence in the UK residential second charge mortgage market".

24 May 2016

Julian Harris adopts Twenty7Tec's sourcing system

Julian Harris adopts Twenty7Tec's sourcing system

Julian Harris Network has adopted Twenty7Tec's mortgage, secured loan and bridging sourcing platform.

24 May 2016

Paragon doubles new BTL lending in H1

Paragon doubles new BTL lending in H1

In its half-year results for the six months ended 31 March, Paragon reported a 12.5% increase in underlying profits to £71.9 million.

24 May 2016

Newcastle raises rental calculation to 145%

Newcastle raises rental calculation to 145%

Newcastle Intermediaries has increased its buy to let rental coverage ratio from 125% on a reference rate of 5% to 145% on a reference rate of 5.5%.

24 May 2016

LTV rate gap 'closest in 5 years'

LTV rate gap 'closest in 5 years'

The gap between mortgage rates for borrowers with 10% deposits and 35% deposits is at its closest in five years, new research from Yorkshire Building Society has revealed, with 90% loan-to-value mortgages dropping to their lowest average rate in this period.

23 May 2016

Society of Mortgage Professionals appoints new manager

Society of Mortgage Professionals appoints new manager

The Society of Mortgage Professionals have confirmed the appointment of Vishal Pandya as their new operations manager.

23 May 2016

High LTV mortgages get cheaper: Moneyfacts

High LTV mortgages get cheaper: Moneyfacts

According to a report released today from Moneyfacts, heightened competition in the mortgage market has given those with smaller deposits a boost, as not only are there more deals for borrowers to choose from but there are also lower rates.

23 May 2016

Openwork adds Fleet Mortgages to panel

Openwork adds Fleet Mortgages to panel

Openwork has announced that Fleet Mortgages is joining its lender panel, with the network 'poised to write more than £10bn of mortgage business this year' following a huge surge in lending in 2016.

23 May 2016

Exclusive: MSN selects Mortgage Brain conveyancing service

Exclusive: MSN selects Mortgage Brain conveyancing service

The Mortgage Support Network has selected ConveyancingBrain, Mortgage Brain's new online conveyancing service, as one of its preferred conveyancing technology solutions for its members.

23 May 2016

Brokers back Brexit - but only just

Brokers back Brexit - but only just

A new Brexit poll of over 150 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages has revealed that if broker views are anything to go by, the outcome of the European Union referendum rests on a knife edge.

23 May 2016

 

Modus joins Berkeley Alexander BTL panel

Modus joins Berkeley Alexander BTL panel

General insurance provider, Berkeley Alexander, has today announced that specialist managing general agent Modus, has joined its quote and buy Buy to Let panel.

23 May 2016

Aegon sells £3bn annuity portfolio to L&G

Aegon sells £3bn annuity portfolio to L&G

Aegon has sold a £3bn annuity portfolio to Legal & General, it announced today.

23 May 2016

Paradigm adds NCBS and Family BS to panel

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Paradigm adds NCBS and Family BS to panel

Paradigm Mortgage Services, the mortgage services proposition, has today added both National Counties and Family Building Societies to its lender panel.

23 May 2016

OneFamily Lifetime Mortgages joins the Equity Release Council

OneFamily Lifetime Mortgages joins the Equity Release Council

The Equity Release Council has welcomed OneFamily Lifetime Mortgages to its membership after the new provider launched its first lifetime mortgage products earlier this month.

23 May 2016

Aegon launches digital service for protection applications

Aegon launches digital service for protection applications

Aegon UK has today launched a new digital document service to speed up protection applications for advisers and their clients. Illustrations and acceptance terms will now be sent electronically, reducing the processing time overall.

23 May 2016

TSB cuts high-LTV rates by up to 40bps

TSB cuts high-LTV rates by up to 40bps

TSB has cut high-LTV rates across a range of mortgages and is also dropping rates for remortgagors with a low LTV.

20 May 2016

Freedom Finance completes record £17.9m in April

Freedom Finance completes record £17.9m in April

Freedom Finance has reported two consecutive months of record lending for March and April.

20 May 2016

The Mortgage Lender receives FCA authorisation

The Mortgage Lender receives FCA authorisation

The Mortgage Lender has moved closer to launch after receiving its FCA authorisation.

20 May 2016

Bridging lending soars by 56% in Q1

Bridging lending soars by 56% in Q1

Annual gross bridging lending hit £125.35 million in Q1 2016 - an annual increase of 56% (£80.47 million), and a 3.4% increase on Q4 2015.

20 May 2016

Northern regions bear brunt of April mortgage slump

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Northern regions bear brunt of April mortgage slump

Scotland and the North West have been hit the hardest by April's mortgage sales slump, with Northern Ireland the only region to report sales growth at 2.7%.

20 May 2016

The Right Mortgage launches referral service and weekly commissions

The Right Mortgage launches referral service and weekly commissions

The Right Mortgage & Protection Network has announced the launch of a new referral service, and confirmed that has started paying commissions on a weekly basis.

20 May 2016

To advise or not to advise?

To advise or not to advise?

To advise or not to advise. That's the big question in the mortgage industry at present.

20 May 2016

Together appoints non-executive director to retail board

Together appoints non-executive director to retail board

Together has appointed Colin Kersley to its retail board as an independent non-executive director.

20 May 2016

Remortgagors opt for lower monthly payments over equity release

Remortgagors opt for lower monthly payments over equity release

Remortgagors are increasingly choosing to reduce their monthly payments rather than using it as a tool for debt reduction or increasing the size of their loan.

20 May 2016

TFC adds Kensington to panel

TFC adds Kensington to panel

TFC Homeloans has added Kensington to its panel of lenders.

20 May 2016

HLP launches integrated home insurance solution

HLP launches integrated home insurance solution

HLPartnership is integrating Uinsure into its cloud-based fact find, complementing its built in mortgage and protection sourcing.

19 May 2016

Barclays raises rental calculation to 145%

Barclays raises rental calculation to 145%

Barclays has announced that it is increasing its rental coverage ratio from 135% to 145%.

19 May 2016

BoE Chief Economist: I can't make the remotest sense of pensions

BoE Chief Economist: I can't make the remotest sense of pensions

The Bank of England's Chief Economist Andy Haldane has admitted that financial products are more complex than necessary, stating that he doesn't understand pensions and that experts and IFAs "have no clue either".

19 May 2016

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