TSB posts £36m profit hit due to lower mortgage margins
TSB has reported a statutory profit before tax of £111.6m for the first half of the year, 24.5% or £36.3m lower than the same period a year ago. The post TSB posts £36m profit hit due to lower mortgage...
View ArticleLendInvest Mortgages trims residential mortgage rates
LendInvest Mortgages has reduced rates across its residential mortgages and simplified the offering. The post LendInvest Mortgages trims residential mortgage rates appeared first on Mortgage Solutions.
View ArticleLendInvest posts £20.1m loss for 2024
Mortgage platform and lender LendInvest has announced a loss after tax of £20.1m for its 2024 financial year, down from a profit of £11.4m last year. The post LendInvest posts £20.1m loss for 2024...
View ArticleCustomers see no change in service a year on from Consumer Duty – Smart Money...
Some 84% of consumers say there has been no difference in the service they receive from financial providers since Consumer Duty launched. The post Customers see no change in service a year on from...
View ArticleSantander’s gross lending rises to £7.4bn amid 30% fall in profit
Santander completed £7.4bn in gross mortgage lending in the first six months of the year, higher than the £4.5bn it lent last year. The post Santander’s gross lending rises to £7.4bn amid 30% fall in...
View ArticleThe ‘most daring’ borrowers are going for tracker mortgages – Marketwatch
It is suspected that the first base rate cut will come this summer, possibly at the next meeting on 1 August. The post The ‘most daring’ borrowers are going for tracker mortgages – Marketwatch appeared...
View ArticleSkipton Building Society lowers mortgage rates
Skipton Building Society has reduced select mortgage rates, just after releasing a range of deals for first-time buyers. The post Skipton Building Society lowers mortgage rates appeared first on...
View ArticleBerkeley Alexander makes two hires
Berkeley Alexander, general insurance provider to the mortgage and intermediary market, has hired two people in its team. The post Berkeley Alexander makes two hires appeared first on Mortgage Solutions.
View ArticleMPowered Mortgages cuts select rates
MPowered Mortgages has reduced a number of fixed mortgage rates, with the largest cuts being made to its deals at 80% loan to value (LTV). The post MPowered Mortgages cuts select rates appeared first...
View ArticleQuilter enters partnership with Uinsure
Financial advisory firm Quilter has agreed to a partnership with insurtech Uinsure to give its advisers a broader choice in offering insurance to clients. The post Quilter enters partnership with...
View ArticleLloyds Banking Group reports £2.4bn profit for H1
Lloyds Banking Group has posted £2.4bn profit after tax for the first half of 2024, lower than the £2.9bn it generated a year earlier. The post Lloyds Banking Group reports £2.4bn profit for H1...
View ArticleMAB sees growth in business and market share in first half of 2024
Mortgage Advice Bureau (MAB) has reported growth in its revenue, business volumes and market share over the first half of the year. The post MAB sees growth in business and market share in first half...
View ArticleMortgage rate rises pushed 320,000 people ‘into poverty’, says IFS
Higher mortgage interest rates since 2022 have put pressure on disposable income and “pushed 320,000 people into poverty”, a report from an economic research institute has found. The post Mortgage rate...
View ArticleLendInvest Mortgages ups bridging LTV; Zephyr makes rate cuts – round-up
LendInvest Mortgages has increased the maximum loan to value (LTV) available on its regulated bridging product. The post LendInvest Mortgages ups bridging LTV; Zephyr makes rate cuts – round-up...
View ArticleWest One enhances first charge residential range
West One Loans has made changes to its first charge residential mortgage range and criteria. The post West One enhances first charge residential range appeared first on Mortgage Solutions.
View ArticleOPDA issues updated property data framework to support digital conveyancing
The Open Property Data Association (OPDA) has released a new version of its property data trust framework to support the use of digital information during the conveyancing process. The post OPDA issues...
View ArticleMortgage intermediaries plan growth as positivity rises
Mortgage intermediaries are planning on growing their businesses as they feel more optimistic about the market, a survey from a lender found. The post Mortgage intermediaries plan growth as positivity...
View ArticleKensington Mortgages launches five-year fix with reducing rate
Kensington Mortgages has introduced a five-year fixed ‘Step Down’ mortgage, where the rate declines after the first two years. The post Kensington Mortgages launches five-year fix with reducing rate...
View ArticleNatWest’s gross mortgage lending shrinks to £11bn in H1
NatWest has reported a gross new mortgage lending figure of £11bn in H1, down from £16.7bn during the same period last year. The post NatWest’s gross mortgage lending shrinks to £11bn in H1 appeared...
View ArticleBuckinghamshire BS adds JBSP facility to prime product range
Buckinghamshire Building Society has added the joint borrower sole proprietor (JBSP) facility to its prime product range and removed the dedicated offering. The post Buckinghamshire BS adds JBSP...
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