Press releases for February 2024
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 March 2024
Kelly Rule from Sirius Finance will appear on The Property Podcast this week, to explain why property investors choose to use mortgage finance and promote the benefits of professional advice from a br...
01 March 2024
LiveMore, the mortgage lender for people aged 50 to 90+, is expanding the business with a new propositions team. Samantha Ward, who has consulted with LiveMore for the past six months, is now head of...
29 February 2024
Adam Oldfield, chief revenue officer at Phoebus Software, says “Seeing that net mortgage approvals rose in January is an encouraging sign for the coming months, which is good news particularly when HM...
29 February 2024
In response to the Bank of England Money and Credit data published this morning, Karl Wilkinson, CEO at Access Financial Services said: “It’s encouraging to see individuals continuing the recent upwa...
29 February 2024
New data reveals that more than nine out of 10 (92%) regulated firms do not carry out daily monitoring on clients. This exposes them to potential sanctions breaches and other financial crime such as m...
29 February 2024
• Specialist finance distributor targets further growth with two key promotions • Dan Morris takes the role of Intermediary Sales Director • Sat Bhandal becomes Corporate Sales Director Crystal Spec...
29 February 2024
According to the latest findings from OSB Group’s Landlord Leaders research, seven in ten (69%) landlords have already or are planning to increase the size of their property portfolios, which increase...
29 February 2024
The mortgage industry’s leading intermediary event, Mortgage Business Expo (MBE), has revealed its lineup of speakers and panellists for its Manchester show, along with its full seminar programme. MB...
29 February 2024
Hampshire Trust Bank (HTB) has announced the promotion of Rob Syrett into its new head of origination role within its development finance team. In his new role, Rob will take responsibility for driv...
29 February 2024
‘Buy to Let by Foundation’, the buy-to-let brand of Foundation Home Loans, the intermediary-only specialist lender, has today (29th February 2024) announced two new HMO fee-assisted products. The new...
29 February 2024
The Right Mortgage has today (29th February 2024) announced full details of its National Training Event for all member firms, taking place on Thursday 7th March at the Vox Conference Centre, Resorts W...
29 February 2024
The Brightstar Group has renewed its Source license agreement with leading tech provider, Twenty7tec. The award-winning intermediary and specialist distributor has renewed its Source licensing for t...
29 February 2024
Stonebridge, the national mortgage and insurance network, has announced continued growth in advisers, mortgage application and completion numbers, plus protection and GI policies throughout 2023 at i...
28 February 2024
28 February 2024, London, UK: Acre, one of the fastest growing intermediary platforms, today announces a new partnership with Paradigm, the mortgage, protection and compliance services proposition, wh...
28 February 2024
Hampshire Trust Bank (HTB) has launched the ‘Flex’ tracker mortgage, the market’s latest tracker product with flexibility built in. The product is available from today as a limited-edition, two-yea...
28 February 2024
Magnet Capital has become the latest lender member to join the Association of Short Term Lenders (ASTL). Magnet Capital is a specialist development finance lender, with an experienced and client-foc...
27 February 2024
United Trust Bank (UTB) is supporting award winning developers Stephens + Stephens’ development of 32 luxury apartments in the sought after coastal town of Newquay in Cornwall. Stephens + Stephens wa...
27 February 2024
Alternative Bridging Corporation has strengthened its Underwriting team with the recruitment of Leigh Harwood, who returns to the lender having worked there previously. Leigh, who has nearly a decad...
27 February 2024
Year-on-year analysis by lifetime mortgage lender Pure Retirement has shown that equity release is increasingly being explored by the middle classes when looking at the proportion of cases by house va...
27 February 2024
The number of affordable options for First Time Buyers fell by 40% in 2023, according to data from Mortgage Broker Tools (MBT) which has been released for a dual-branded version of the Pepper Money Sp...
27 February 2024
Firms that are yet to integrate technology to complete essential vulnerability assessments run the risk of missing significant vulnerabilities among their clients, MorganAsh has found. Feedback from ...
27 February 2024
Specialist London-based conveyancing solicitors Cavendish Legal Group (CLG), part of Movera, has appointed Rob Djemil to the newly created role of Relationship Director reporting directly to Mark Tose...
24 February 2024
Following the latest news that the UK imposed more than 50 new sanctions targeting Russian individuals and entities, we have a comment from digital compliance specialists SmartSearch. Martin Cheek, a...
23 February 2024
The full series of events planned for National Conveyancing Week (NCW), which takes place between the 11th and 15th March 2024, has been announced. . NCW is a week-long series of online meetings and ...
22 February 2024
Specialist 1st was initially launched in January 2024, with fca approval being granted at the end of the same month. The recently formed brand will advise directly on complex buy-to-let, adverse cred...
22 February 2024
An alarming 42 percent of regulated firms are reporting a rise in financial crime attempts, while more than a quarter of firms say they have been a victim, new survey data can reveal. At 48 percent, ...
22 February 2024
Pepper Money has announced that it is now able to accept e-signatures on Second Charge mortgage Offer documents, including the Mortgage Deed. The launch of e-signatures will further increase the spe...
22 February 2024
Hampshire Trust Bank (HTB) has announced new rate reductions across all its two and five-year commercial mortgage products, with cuts of up to 50 basis points (bps). Rates now start from 6.19% for a ...
22 February 2024
Aspen Bridging has realised a landmark £500m in total lending from when the business was founded in 2017 by Ed Ahrens, CEO and Jack Coombs, Managing Director. Broken down, the lender‘s Heavy Refurbis...
22 February 2024
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has become an associate member of the Equity Release Council. This move demonstrates Country...
21 February 2024
Bridging loan books hit another record high in Q4 2023, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors from data provided by member...
21 February 2024
United Trust Bank (UTB) Mortgages for Intermediaries aims to reduce Second Charge Loan application to offer times by around 5 days by offering Binding Offers with Special Conditions, including First M...
21 February 2024
InterBay, part of the leading specialist lender OSB Group, has reduced rates across semi-commercial products to help support those looking to purchase and remortgage. InterBay’s Core and Select range...
21 February 2024
Dudley Building Society are delighted to announce the appointment of Mike Hudson as a Non Executive Director. Mike brings a deep understanding and experience in Risk Management and has been appointed...
21 February 2024
The Right Mortgage has today (21st February 2024) announced a new relationship with Acre, the intermediary platform. Acre’s platform allows advisers to manage a client’s mortgage journey from start t...
21 February 2024
CLSQ has announced a free live roundtable webinar for insurers, adjustors and lenders with practical information on how they can boost property flood resilience for their customers. Taking place on T...
21 February 2024
SimplyBiz has announced the launch of ‘MyLearning Academy’, an online learning portal developed in partnership with Competent Adviser. The academy, which is available from today for all SimplyBiz me...
21 February 2024
In a strategic move set to unlock future growth, Selina Finance, an innovative player in the consumer secured loans market, has secured two new funding lines, one with Vanquis Bank (“Vanquis”) and the...
21 February 2024
The new build division at national brokerage Just Mortgages has reported a bumper start to the year, with new build leads and enquiries up 40 percent year-on-year. In addition to a strong start compa...
20 February 2024
Hampshire Trust Bank (HTB) has announced the appointment of Scott Apps as head of distribution within its development finance division, a new role created by the bank. In his new role, Scott will be...
20 February 2024
Buy-to-let lender Landbay has expanded its product range with the introduction of two new five-year fixed-rate products, available with no product fees. The first is a standard five-year fixed rate p...
20 February 2024
LiveMore, the mortgage lender for people aged 50 to 90+, has widened its existing criteria to offer intermediaries and their clients access to 100% debt consolidation on mortgages of up to £1m. The n...
20 February 2024
• 75% of landlords are engaging or planning to engage with tenants to understand their needs better and foster positive relationships • 69% have already or are planning to increase their property port...
20 February 2024
Tandem, the UK’s greener, digital bank has announced it has become a signatory of the Women in Finance Charter, becoming one of the latest banks to back the Government and industry’s push for gender b...
19 February 2024
Please find some commentary on the UK Finance quarterly insight into later life mortgage lending to borrowers age 55+, from Simon Webb at LiveMore, the mortgage lender for the 50 to 90+ age group. Si...
19 February 2024
United Trust Bank (UTB) is continuing to develop new distribution channels for its Deposits business by joining the Insignis Cash provider panel. The multi-award-winning savings provider is increasin...
19 February 2024
Four in five (76%) UK Muslims say it’s important to have financial products which fit with their religious values, with 41% saying this is ‘very important’, according to research from StrideUp conduct...
19 February 2024
Stonebridge, the national mortgage and insurance network, has today (19th February 2023) published details of its 2024 National Conference Agenda, the evening Awards Dinner plus the special guests ap...
16 February 2024
A webinar poll undertaken by Countrywide Surveying Services (CSS), one of the leading suppliers of property risk management services, valuations and customer surveys in the UK has revealed that over a...
15 February 2024
Bevan Money, an aspiring bank with a clear focus on the housing needs of public sector workers, has appointed Brian Brodie as CEO. Mel Lane takes on the position of Deputy CEO, enabling her to focus ...
15 February 2024
StrideUp has strengthened its Sales team with the recruitment of Rizwan Ali as Senior Business Development Manager. Rizwan will work with brokers to deliver homeownership solutions for their Muslim c...
15 February 2024
Following the release of the latest ONS construction output figures, which shows construction output decline in both December and in Q4, please find a comment from Beard Construction. Mike Hedges, co...
15 February 2024
Hampshire Trust Bank (HTB) has announced the expansion of its development finance team as it welcomes Lucas Cutts into a new relationship manager. Lucas has extensive experience, having spent a deca...
15 February 2024
SmartSearch, the UK’s leading provider of digital compliance and anti-money laundering (AML) software, has promoted Andrew Booth to the position of vice president of technology – one of 16 promotions ...
15 February 2024
Buckinghamshire Building Society are proud to announce the launch of our brand-new online mortgage portal, which goes live on Wednesday 14th February. This advanced platform is a testament to our com...
15 February 2024
LiveMore, the mortgage lender for people aged 50 to 90+, has made two new appointments to its sales team. Nicola Palmer joins LiveMore as key account manager for the South West, where she will help b...
15 February 2024
“Two interesting data points out of ONS today. First, we expect the lower-than-expected inflation number of 4% to provide a further confidence boost to landlords, with the swap market now pricing in B...
14 February 2024
Conveyancing firms are having to deal with a significant amount of ‘scope creep’ when it comes to the work expected of them in today’s marketplace, but they can help deal with greater levels of work v...
14 February 2024
Please find below Atom's statement regarding this morning's ONS House Price Index: Richard Harrison, Head of Mortgages, Atom bank comments: “The news of a 1.4 % decrease in house prices in December w...
14 February 2024
London, UK – BTS Consult and Coach, founded by celebrated mortgage industry veteran, Paul Brett, officially launches today. The consultancy is dedicated to assisting businesses across the sector to ac...
14 February 2024
Firms across financial services are both at risk of alienating consumers – by obtaining vulnerability data without their knowledge – and by not engaging directly with the consumer, vulnerability exper...
14 February 2024
Buy-to-let lender Landbay has announced a new partnership with leading property data provider WhenFresh, a PriceHubble company, to assist and speed up its underwriting process. WhenFresh brings toget...
14 February 2024
Foundation Home Loans, the intermediary-only specialist lender, has become a patron of the National Association of Commercial Finance Brokers (NACFB), the UK’s largest independent trade body for comme...
14 February 2024
Re this morning’s UK CPI data news, here’s a comment from Adam Oldfield at Phoebus Software: Adam Oldfield, chief revenue officer at Phoebus Software, said: “While it’s a relief that inflation hasn’t...
14 February 2024
Fleet Mortgages, the buy-to-let specialist lender, has today (14th February 2024) revealed a complete rebrand for the business reflecting a more modern image as it moves into its second decade. The r...
13 February 2024
In an exciting and strategic move that promises to reshape the landscape of mortgage technology, 360 Dotnet, a multi-award winning FinTech platform used by over 6,000 advisers, is thrilled to announ...
13 February 2024
Lifetime mortgage lender Pure Retirement have made several enhancements to its market leading Classic range of lifetime mortgages in addition to offering personalised pricing and a 21-day KFI rate gua...
13 February 2024
Castle Trust Bank has launched a new ‘Bridge the Gap’ product to provide a flexible solution for borrowers who are approaching the end of a current fixed rate or bridging loan but are reluctant to loc...
13 February 2024
Aspen finalised a rapid £1,650,000 Development Exit bridge at 80% LTV when an experienced developer required a quick release of equity after a proposed sale fell through at the eleventh hour. Having...
13 February 2024
Landlord confidence has improved across all metrics year-on-year, with many feeling confident about the opportunity for capital gains on their properties, the private rental sector (PRS) as a whole, a...
13 February 2024
United Trust Bank (UTB) Mortgages for Intermediaries has launched Product Transfer options for its Residential Mortgages and Second Charge loans. The specialist mortgage lender understands that offeri...
12 February 2024
Private equity investor, LDC, has invested in the rapidly expanding insurtech business Uinsure, to support its ambitious growth strategy. Founded in 2007, Uinsure is a cloud-based technology platform...
12 February 2024
Lifetime mortgage lender Pure Retirement has continued its ongoing product development with further improvements to its Heritage range. Under the latest round of enhancements, the Special 3 product w...
12 February 2024
Truffle Specialist Finance has announced that 2023 was a record year for its bridging finance operation. The specialist finance firm rebranded from Pink Pig Loans in March 2022, while Luke Egan was a...
12 February 2024
Loughborough Building Society has today (Monday 12 February) introduced a self-employed criteria enhancement which will allow the Society to accept one year’s worth of accounts for sole-traders, partn...
12 February 2024
The Open Property Data Association (OPDA) has released the latest version of its framework for property data standards to make free and shareable data tools available across the property industry. The...
09 February 2024
The Right DA Club has today (9th February 2024) announced its online webinar programme for 2024 with a session taking place each quarter. The first two sessions – taking place on the 21st February an...
09 February 2024
Fleet Mortgages, the buy-to-let specialist lender, has today (9th February 2024) launched new limited edition, five-year fixed-rate products with zero completion fees across its three core ranges: sta...
09 February 2024
Precise Mortgages, part of the OSB Group, has widened its scope for heavy refurbishment cases as well as announcing their dedicated bridging team. The bridging proposition for heavy refurbishment (ti...
09 February 2024
Following the latest arrears and possessions figures from UK Finance, we have a comment from Adam Oldfield at Phoebus Software. Adam Oldfield, chief revenue officer at Phoebus Software, said: “While...
09 February 2024
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Consumer Duty is obviously working, as the number of homeowner-mortgaged properties taken into possession is down ...
08 February 2024
Pepper Money has launched a new website tool, making it easier for brokers to find a home for their complex mortgage cases. The specialist lender has recently enhanced website navigation and search ...
08 February 2024
Hanley Economic Building Society has refreshed its shared ownership product range through the introduction of a new three-year fixed rate deal and the application of a 0.60% rate cut to its medium-ter...
08 February 2024
The Open Property Data Association (OPDA) has today welcomed finova, the UK’s largest cloud-based mortgages and savings software provider, as an associate member. finova is a leading provider of mortg...
07 February 2024
Buckinghamshire Building Society are thrilled to announce the introduction of an industry-first mortgage solution that's set to change the game for first-time homebuyers. JBSP Deposit Lite ingeniousl...
06 February 2024
360 Dotnet the multi-award winning FinTech CRM platform, is thrilled to collaborate with Mortgage Brain, a renowned technology provider. This partnership will revolutionise how users interact with 360...
06 February 2024
Following the release of the latest CIPS PMI construction data, which shows construction sector business optimism at a two year high, we have a comment from Beard Construction. Fraser Johns, finance...
06 February 2024
Roma Finance, the borrower first lender, achieved a record month of redemptions for volume and value in December, attaining 165% of expected redemptions. The business achieved multiple record breaking...
06 February 2024
Roma Finance, the borrower first lender, achieved a record month of redemptions for volume and value in December, attaining 165% of expected redemptions. The business achieved multiple record breaking...
06 February 2024
Roma Finance, the borrower first lender, achieved a record month of redemptions for volume and value in December, attaining 165% of expected redemptions. The business achieved multiple record breaking...
06 February 2024
Roma Finance, the borrower first lender, achieved a record month of redemptions for volume and value in December, attaining 165% of expected redemptions. The business achieved multiple record breaking...
06 February 2024
Paul Broadhead, Head of Mortgages and Housing at the Building Societies Association (BSA) has been announced as the keynote speaker for Mortgage Business Expo (MBE) North in March. Paul will open th...
06 February 2024
Truffle Specialist Finance has completed a £500k second charge mortgage with Pepper Money to fund home improvements on a £5m property. The large second charge mortgage was arranged for clients to fi...
06 February 2024
Countrywide Surveying Services (CSS), one of the leading suppliers of property risk management, valuations and customer surveys in the UK, has announced the appointment of Steve Rayers as performance ...
06 February 2024
Mortgage network Cornerstone has selected Truffle Specialist Finance as its exclusive packager partner for second charge mortgages. From today, Appointed Representatives (ARs) of the Cornerstone net...
06 February 2024
Atom bank has provided a £3.7 million commercial loan to an Edinburgh-based property investment company with a portfolio of commercial assets. This resulted in the loan being completed less than th...
05 February 2024
Mental wellbeing was a much talked about topic on the cherryplc.co.uk industry forum in 2023, as was a controversial comment from broadcaster Paul Lewis. The popular industry forum, which attracted m...
05 February 2024
• 83% of intermediaries confident about the outlook for the mortgage market by December 2023, according to the latest findings from IMLA’s Mortgage Market Tracker • Average number of mortgage cases p...
05 February 2024
New AI system enables funders to complete more business without increasing resource Leading fintech innovator Nivo is inviting Asset Finance funders to a live, online demonstration of an Artificial I...
05 February 2024
Phoebus has launched its next generation cloud-native Software-as-a-Service (SaaS) mortgage servicing platform, following its multi-million-pound investment in new technology. The investment brings i...
05 February 2024
• PlanHappy will support Financial Planners and Advisers with a range of back-office, training and business support services • Designed and tailor-made by Financial Planners for Financial Planners • T...
02 February 2024
The Right Mortgage & Protection Network and DA Club have today (2nd February 2024) announced the appointment of a new Protection Development Manager. Tom Fish joins the business with immediate effect...
02 February 2024
London Credit has extended its promotion to refund 100% of the valuation fee on new bridging applications. The promotion is available on all residential, commercial and semi-commercial bridging appl...
02 February 2024
Hampshire Trust Bank (HTB) has announced the appointment of David Stiff as its head of product & proposition within its specialist mortgages division, a new role for the bank. David’s financial serv...
02 February 2024
Following today’s announcement that the Bank of England will retain interest rates at 5.25%, please find a quote from Karl Wilkinson, CEO of UK mortgage brokerage Access Financial Services. Karl Wilk...
02 February 2024
Hanley Economic Building Society has launched a no free medium-term fixed rate retirement interest-only (RIO) mortgage with no ERCs and no overpayment restrictions to help support borrowers and interm...
01 February 2024
Here are some comments on today’s MPC BBR announcement from Rob Clifford, Chief Executive of mortgage and protection network, Stonebridge: “Few will be surprised by the Bank’s decision to keep BBR on...
01 February 2024
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...
01 February 2024
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...
01 February 2024
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...
01 February 2024
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...
01 February 2024
MorganAsh provides the award-winning MorganAsh Resilience System (MARS) to enable brokers, advisers and financial services firms to better manage and evaluate consumer vulnerability and comply with Co...
01 February 2024
Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors, commented: “It comes as no surprise that the Bank of England has held the bank rate at...
01 February 2024
Following today’s Bank of England base rate announcement, please see a comment below from Simon Webb at LiveMore, the mortgage lender for the 50 to 90+ age group. Simon Webb, managing director of cap...
01 February 2024
Paradigm, the mortgage, protection and compliance services proposition, has today (1st February 2024) announced it has added residential and commercial bridging loan provider, TAB, to its lender panel...
01 February 2024
Brilliant Solutions, the mortgage club and specialist mortgage packager, has today announced a significant expansion in its leadership team including two new directorship positions. The business has a...
01 February 2024
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 leading convey...
01 February 2024
“Last year presented market conditions resulting in an incredibly difficult year and one of the most challenging we’ve probably experienced within the industry so far, with the market down over 50% in...
01 February 2024
“Last year presented market conditions resulting in an incredibly difficult year and one of the most challenging we’ve probably experienced within the industry so far, with the market down over 50% in...
