Ifthikar Mohamad, director at WIS Mortgages and Insurance Services, explores how the mortgage industry is 'stuck in the past' and at how AI is changing that by making processes faster...

The Bank offers brokers a 0.4% net procuration fee.

Annual inflation has been generally increasing since its low point of -2.7% in the 12 months to December 2023. 

Full funds will be available from day one, allowing greater flexibility.

The broker sales team is now comprised of three regional teams.

The range includes a lower rate for properties rated EPC A, B or C.

The Society has also expanded its visa lending criteria for both residential and buy-to-let propositions.

New criteria includes a lower minimum age requirement of 18 years and lower minimum income.

The range is available to borrowers who may have suffered a temporary credit issue in the past.

Large HMO/MUFB products have now been added to the new product transfer range.