Mutuals complete £35.9bn in gross mortgage lending in six months to September
Gross mortgage lending totalled £35.9bn across building societies in the six months to September, accounting for 29% of all mortgage lending, industry data showed. The post Mutuals complete £35.9bn in...
View ArticleWest Brom BS posts 41% rise in mortgage lending to £646m in H1
The West Brom Building Society completed £646m in new mortgage lending over the six months to 30 September, representing a 41% annual uptick. The post West Brom BS posts 41% rise in mortgage lending to...
View ArticleSesame’s Charman to succeed Sinclair as AMI CEO
Stephanie Charman, current group partnerships and propositions director at Sesame Bankhall Group has been named as the new chief executive of the Association of Mortgage Intermediaries (AMI). The post...
View ArticleHouse purchase mortgage approvals surge to 68k, highest in over two years – BoE
Mortgage approvals for house purchases totalled 68,300 in October, the highest level since August 2022 when this reached 72,200, figures from the central bank showed. The post House purchase mortgage...
View ArticleZephyr and Principality BS make mortgage rate cuts – round-up
Specialist buy-to-let (BTL) lender Zephyr Homeloans has reduced two- and five-year fixed rates by 0.1%. The post Zephyr and Principality BS make mortgage rate cuts – round-up appeared first on Mortgage...
View ArticleMore than four million mortgage borrowers to face higher rates in next three...
Some 50% of mortgage borrowers, or 4.4 million, are set to see higher interest rates when refinancing over the next three years, the central bank said. The post More than four million mortgage...
View ArticleTembo raises £14m to support first-time buyers
Advice firm and digital savings and mortgage platform, Tembo, has raised £14m to help more first-time buyers save for a home. The post Tembo raises £14m to support first-time buyers appeared first on...
View ArticleTop 10 most read mortgage broker stories this week – 29/11/2024
The news that Co-operative Bank would be returning £90m to shareholders before its subsequently approved merger with Coventry Building Society was the top story this week. The post Top 10 most read...
View ArticleTSB names Armengol as CEO as Bulloch retires
TSB has announced the appointment of Marc Armengol as its chief executive, subject to regulatory approval. The post TSB names Armengol as CEO as Bulloch retires appeared first on Mortgage Solutions.
View ArticleNationwide teams up with Experian to introduce automated income checks
Nationwide has partnered with Experian to use its Work Report income and employment verification service. The post Nationwide teams up with Experian to introduce automated income checks appeared first...
View ArticleHSBC, Gen H and MPowered Mortgages lower rates – round-up
HSBC has made rate reductions across its residential and buy-to-let (BTL) mortgage products. The post HSBC, Gen H and MPowered Mortgages lower rates – round-up appeared first on Mortgage Solutions.
View ArticleOffa aims for growth as it buys Bank of Ireland’s Alburaq Islamic portfolio
Sharia-compliant finance provider Offa has said it wants to grow through acquisitions and organically, as it announced the purchase of a portfolio from the Bank of Ireland. The post Offa aims for...
View ArticleHope Capital partners with DeskVal to deliver automated valuations
Short-term lender Hope Capital has partnered with property dashboard DeskVal, allowing it to offer automated valuations up to 75% loan to value (LTV) on properties worth up to £750,000. The post Hope...
View ArticleTwo-fifths of mortgages will run past pension age, LCP finds
People choosing longer mortgage terms means two in five of all new mortgages taken out in Q2 this year will go beyond a borrower’s pension age, an analysis found. The post Two-fifths of mortgages will...
View ArticleNewcastle for Intermediaries increases proc fees for product transfers
Newcastle for Intermediaries, the intermediary-facing arm of Newcastle Building Society, has raised procuration fees to 0.3% on residential and buy-to-let product transfers. The post Newcastle for...
View ArticleParagon sees gross lending dip to £2.7bn in 2024
Paragon Banking Group has reported £2.7bn in new lending for 2024, slightly down from £3bn the year before. The post Paragon sees gross lending dip to £2.7bn in 2024 appeared first on Mortgage Solutions.
View ArticleMarket Financial Solutions renegotiates £1.5bn institutional funding line
Market Financial Solutions (MFS) has renegotiated and extended an institutional funding line worth £1.5bn. The post Market Financial Solutions renegotiates £1.5bn institutional funding line appeared...
View ArticleAdvisory firm Karis Capital closes over £600m in deals in first year
Real estate debt and insurance advice firm, Karis Capital, has originated more than £600m worth of loans in its first year of business. The post Advisory firm Karis Capital closes over £600m in deals...
View ArticleBroker Conveyancing to absorb Land Registry fee increases
Distributing firm, Broker Conveyancing, has decided to absorb the increased costs in Land Registry information services fees, rather than pass this on to brokers and clients. The post Broker...
View ArticleVirgin adds two retrofit deals; TSB ups select rates – round-up
Virgin Money has added a pair of products to its Retrofit Boost range which includes £7,000 cashback. The post Virgin adds two retrofit deals; TSB ups select rates – round-up appeared first on Mortgage...
View Article