Press releases for March 2023

31 March 2023

Lender TAB is providing a loan of £8,292,766 for the construction of an 80-bed care home in the North West of England. The borrower is an experienced healthcare provider and property developer specia...

31 March 2023

Trade and representative bodies representing the legal, surveying, estate agency and property management sectors, including the Conveyancing Association (CA), RICS and the SLC, have today (31st March ...

30 March 2023

Half of respondents who moved during the past year say they are paying between £51 and £200 more in rent each month Just under a quarter (23%) of the more than 2,000 respondents to a survey of tenant...

30 March 2023

Finova Payment and Mortgage Services has partnered with specialist lender Hampshire Trust Bank (HTB). HTB provides professional investors with specialist residential loans up to £25m for limited comp...

30 March 2023

Knowledge Bank, the UK’s largest database of lending criteria has today announced that the Five millionth search has been performed on the system. Knowledge Bank launched on the 6th September 2017 an...

30 March 2023

A husband and wife team in Sheffield is powering ahead with the growth of their specialist automotive power tools business Kielder - and finding a way to manage their cashflow - thanks to an innovativ...

30 March 2023

National brokerage Just Mortgages has become the latest firm to join the Equity Release Council. The news confirms Just Mortgages meets the council’s high standards for integrity, transparency and be...

30 March 2023

As the job market continues to shift, more and more people are looking to switch jobs in search of better opportunities. In fact, research conducted midway through 2022 revealed that 6.5 million worke...

30 March 2023

Envelop, one of the UK’s leading packaging partners, has further bolstered its sales support team with the addition of Neil Nisbet as business development manager (BDM) for the Midlands. Neil has ove...

29 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, said: “Net borrowing was £5.9 billion last September and has decreased every month for the past six months down to £0.7bn in F...

29 March 2023

Saffron Building Society is preparing to make history at its forthcoming Annual General Meeting (AGM) when the first-ever female Chair will be elected. On Tuesday 18th April 2023 Saffron will...

29 March 2023

Regulated firms who continue to rely on manual methods of verification are risking the financial and reputational costs which accompany breaches of anti-money laundering (AML) regulations, an industry...

28 March 2023

Marketing technology platform Contact State has appointed highly experienced digital marketeer Lindsey McLoughlin as its new Head of Client Strategy to drive growth. Lindsey, who has almost 20 years’...

28 March 2023

Paradigm, the mortgage, protection and compliance services proposition, has today (28th March 2023) added Darlington Intermediaries to its lender panel. From today, Paradigm member firms will be able...

28 March 2023

Foundation Home Loans, the intermediary-only specialist lender, has today announced a complete refresh of its core buy-to-let and owner-occupied product ranges, introducing a range of new products acr...

28 March 2023

Mortgage Broker Tools (MBT) has confirmed there are five lenders who will be piloting its new predictive mortgage modelling software, MBT Sandbox. MBT Sandbox empowers lenders to best build, ...

28 March 2023

Just Wealth, the financial services arm of national brokerage Just Mortgages, has reached the milestone of 30 advisers, nearly trebling numbers in the space of just a year. The team began 2022 with 1...

27 March 2023

Usay Compare – the market leading comparison service for health insurance, life insurance and income protection - has partnered with marketing technology platform Contact State. Contact State has bee...

27 March 2023

Stonebridge, the national mortgage and insurance network, today announced it has become the first mainstream mortgage network to be recognised as an Associate Firm of the Society of Mortgage Professio...

24 March 2023

Property maintenance specialists, Humphrey & Gray, has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Humphrey & Gray has mo...

23 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, said: “The unexpected rise in CPI inflation in February was a contributory factor to raising base rate by 0.25% when there had...

23 March 2023

“Once it was revealed this week that inflation had risen to 10.4% in February, followed by the Fed’s decision to raise rates yesterday in the US, it seemed like a racing certainty the MPC would have t...

23 March 2023

Adam Oldfield, chief revenue officer at Phoebus Software, says “The will they, won’t they of the past few days has now been settled and for most it’s not the decision they were hoping for. Unfortunate...

23 March 2023

John Philips, Operations Director at Just Mortgages commented, “This latest 0.25% rise may feel like a step in the wrong direction for the mortgage market but it’s widely accepted to be a necessary st...

23 March 2023

Andrew Gething, managing director of MorganAsh said: “While it seemed like inflationary pressures were continuing to ease, the news of a surprise jump in inflation last month was clearly enough of an ...

23 March 2023

Following the success of last year’s inaugural event, the new build division at Just Mortgages is set to return with its Affordable Housing & New Build Event in April. This time however, the ...

23 March 2023

Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with StrideUp, a new lender offering Home Purchase Plans. StrideUp’s unique product offering combines a first-charg...

23 March 2023

Central Trust, the first and second charge lender, has revamped its residential mortgage range, introducing four new plans and enhancing its lending criteria. Its maximum net loan size has been incre...

23 March 2023

Training frontline staff and advisers to identify and manage vulnerabilities is not enough to meet the upcoming Consumer Duty regulations, a leading vulnerability expert has warned. Andrew Gething, m...

23 March 2023

Tandem Bank, which recently put its criteria on Knowledge Bank’s (KB) criteria platform KB Pro, has reported a significant reduction in phone enquiries since it went live with Knowledge Bank in Februa...

23 March 2023

OSB Group, which includes lending brands Precise Mortgages, Kent Reliance for Intermediaries and InterBay, has announced two senior management promotions to strengthen support to intermediaries, which...

23 March 2023

Brightstar, the UK’s leading Specialist Distributor, has today unveiled an exciting new brand, with a revitalised logo and design being launched across the business. The new branding, which is now l...

23 March 2023

Pepper Money has secured new warehouse facilities, worth more than £1.2bn, to support its lending growth plans for first and second charge mortgages. Three new funding lines for first...

22 March 2023

Knowledge Bank, the UK’s largest database of lending criteria has today launched ‘KB INSIGHTS’. The new system, powered by the Knowledge Bank criteria sourcing engine, is a powerful tool for lenders ...

22 March 2023

Buckinghamshire Building Society have today announced an impressive set of year-end results, in the context of what has been a challenging year for the UK economy, with pre-tax profits of £1.5m for 20...

22 March 2023

Fleet Mortgages, the buy-to-let specialist lender, has today (22nd March 2023) announced reduced product rates across its entire range of two-year and five-year fixed-rate products. All two- and five...

22 March 2023

Pepper Money has reduced rates across its Residential range by as much as 0.90% and have introduced a 70% LTV tier on Pepper 36 products starting from 6.75%. The rate reductions are across Pepper Mo...

22 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “The rise in inflation is disappointing and remains well above the Bank of England’s target with high growth in pri...

22 March 2023

Bridging applications and loan books continued to grow in Q4 2022, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors from data provide...

22 March 2023

SmartSearch, a leading digital compliance provider, gets smarter today with the launch of a next generation platform with enhanced functionalities driven by the latest technology and customer feedback...

21 March 2023

Specialist lender Spring Finance (Spring) has announced the appointment of Owen Bentley as Head of Sales in their bridging division. Owen joins Spring from United Trust Bank where he led and was instr...

21 March 2023

More than nine in every ten mortgage brokers agree that conveyancers are “a vital part of the property transaction process”. In a poll of 250 mortgage professionals, commissioned by Groundsure, 92 pe...

21 March 2023

ONP Group and Xperate have announced a collaborative project to develop a Microsoft add-in for Outlook and Word specifically designed to address the needs and concerns of the legal profession. Legal ...

21 March 2023

John Phillips, national operations director at Just Mortgages said: “Once again in the midst of relentless gloom the housing market performs better than expected. February’s transactions may have fall...

21 March 2023

Broker Conveyancing, the broker-focused conveyancing distributor, has today (21st March 2023) announced the appointment of two new Account Managers. Both Joe Hart and Natasha Ellis start with immedia...

21 March 2023

- Cautions against damaging Britain’s successful SME challenger bank sector, which currently accounts for 55% of all new small business lending - New research by Oxera suggests PRA’s current proposed...

21 March 2023

Zephyr Homeloans, a specialist buy-to-let lender, is this week organising a webinar for brokers on current BTL and renting trends. The webinar, Is there a new normal in the BTL market? on Wednesday 2...

21 March 2023

Banking and mortgage technology firm Phoebus has surpassed its fundraising target for 2022, raising £8,470 for its charity of the year, the Birmingham Children’s Hospital Charity. In recognition of i...

21 March 2023

Brokerage Loans Warehouse took part in an #IceBathChallenge to raise £6000 for Comic Relief. The event took place on 17 March in front of the Loans Warehouse offices and saw 12 employees jump into a ...

21 March 2023

Hampshire Trust Bank (HTB) has completed a £21.1 million development exit and construction loan facility for a mixed-use development in North London. The client was developing 48 high-quality apartme...

21 March 2023

Stonebridge, the national mortgage and insurance network, has today (21st March 2023) announced the introduction of new functionality to its wholly-owned Revolution system to help AR firms and adviser...

20 March 2023

(March 20, 2023) Bristol-based invoice finance provider Optimum Finance has appointed David Tugwell as an Account Executive to support its lead generation and new business team. David has worked in...

20 March 2023

Evolution Money, the second-charge lending specialist, has today (20 March 2023) revealed the latest results from its quarterly data tracker, which reviews borrower types, average mortgage sizes, LTV,...

20 March 2023

Paradigm, the mortgage, protection and compliance services proposition, has today (20th March 2023) announced the launch of specialist mortgage lender, West One’s, residential proposition to its membe...

17 March 2023

The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has urged all conveyancers and property market stakeholders to attend the Upfront Information Roadshow, eithe...

17 March 2023

Foundation Home Loans, the intermediary-only specialist lender, has today announced the launch of two new Limited Edition buy-to-let products in its F1 tier – for clients with an almost clean credit h...

17 March 2023

20th March 2023: National Training Event a Triumph for The Right Mortgage & Protection Network and Sister Companies Over 500 advisers and 80 exhibitors descended upon The Vox in Birmingham for a day ...

16 March 2023

Paradigm, the mortgage, protection and compliance services proposition, has today (16th March 2023) added fintech lender, Gen H, to its lender panel. From today, Paradigm member firms will have acces...

15 March 2023

Adam Oldfield, chief revenue officer at Phoebus Software, says “We were told not to expect a budget with sweeping changes and unfortunately, as far as the housing market is concerned, that’s exactly w...

15 March 2023

United Trust Bank (UTB) increased Profit before tax by 35% in 2022 to £60.2m, driven by record new lending of over £1.9bn for the year. Despite various political events impacting the United Kingdom’s...

15 March 2023

Get ready for the ultimate icy challenge! Loans Warehouse is excited to announce that 12 brave employees and several others participants from around the industry will be taking the #IceBathChallenge f...

15 March 2023

Aspen Bridging has completed a £2.25m loan for an existing client after the developer’s last-minute change of plans on a prestigious Surrey development required a sales exit bridge. Originally the ...

14 March 2023

(March, 2023) Bristol-based invoice finance provider Optimum Finance has appointed Amir Pournasrollahzadeh to lead its regional sales team in the East of England as the business continues to grow its ...

14 March 2023

Andrew Gething, managing director of MorganAsh said: “While we may be seeing signs that inflationary pressures are beginning to ease, the news of an increase in mortgage arrears shows that for many, t...

14 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “New mortgage commitments fell by a third in the last quarter of 2022 compared to the previous quarter to £58.4 bil...

14 March 2023

March 14th, 2023. As the FCA sends out Top Up fee invoices to qualifying regulated firms, Premium Credit is offering businesses a finance facility to spread the cost over convenient monthly repayments...

14 March 2023

Adam Oldfield, chief revenue officer at Phoebus Software, says “There are a few things to take from the Bank of England figures today. The fact that new mortgage commitments was down will come as no s...

14 March 2023

CHL Mortgages has today announced that it is to use the new KB PRO system from Knowledge Bank to further improve how its criteria is communicated to mortgage brokers. The system was launched last mont...

14 March 2023

VAS Valuation Group has appointed senior high street bank specialist Alison Stevenson to the newly created role of Risk Manager. Alison will be responsible for building strong working relationships w...

14 March 2023

The ASTL and FIBA have confirmed that the Certified Practitioner in Specialist Property Finance (CPSP) is now ready for launch and has already received a significant number of registrations from finan...

14 March 2023

Phoebus has completed the smooth migration of Keystone Property Finance’s back mortgage book onto the Phoebus servicing solution in just seven weeks. In May 2022, Phoebus and specialist buy-to-let le...

14 March 2023

Hampshire Trust Bank (HTB) has provided one of the North West’s largest property developers and private rental companies with a £7.5m development exit facility. The deal, which completed in February, ...

14 March 2023

HLPartnership (HLP) has added Tandem Bank to its elite lender panel. HLP, the UK’s largest privately owned mortgage and protection network, has a reputation as having one of the most comprehensive AR...

14 March 2023

ONP Group, the leading legal services provider, is integrating its systems with ChatGPT in order to remove administration tasks and enhance its customer journeys. The move sees the firm become the fi...

14 March 2023

Knowledge Bank, the UK’s largest database of lending criteria has today launched a new tool to help lenders and brokers to satisfy the new Consumer Duty regulations. The tool will help with the early...

13 March 2023

Lender TAB is reintroducing fixed rates for first charge residential bridging loans. Residential bridging loans up to £750,000 and with an LTV of up to 70 per cent, including the cost of borrowing, a...

13 March 2023

The number of mortgage enquiries from self-employed applicants that failed to find one affordable option rocketed by nearly a third following the Mini Budget last September, according to the latest da...

13 March 2023

Despite the challenges facing the sector, almost half of landlords (46%) remain positive about the future prospects of their buy-to-let business and investments, the latest Landbay survey has revealed...

10 March 2023

OSB Group, the award winning leading specialist lender & savings bank, has announced their new charity partner for the next two years. Following a series of companywide voting, Depaul have been reveal...

10 March 2023

Following the release of the latest ONS construction output figures, which shows a 1.7 percent decrease in monthly output in January and weakest monthly grow since June 2022, we have a comment from Be...

10 March 2023

Roma Finance becomes sole sponsor with Scott Marshall as guest Angel Roma Finance is delighted to announce a new partnership with Property Elevator, the show for budding property entrepreneurs to pit...

09 March 2023

Further to the strategic partnership announced last year, ColCap has invested into Molo and acquired an 80% shareholding. This marks the first significant step towards international expansion for b...

09 March 2023

Saffron announces move to increase maximum loan size on residential and BTL products to £3m for up to 80% LTV and £1m at 90% LTV Self-Build maximum loan size has also been increased to £3m This ...

09 March 2023

Hanley Economic Building Society has launched a trio of fixed rate products up to 95% LTV. The first product is a two-year fee-free fixed rate mortgage available up to 95% LTV with a headline rate of...

09 March 2023

Insurtech, Uinsure, has just unveiled a groundbreaking technology that is set to revolutionise the way insurance is bought and sold in the Intermediary market. The new technology, Uinsure CX, allow...

09 March 2023

Precise Mortgages, part of the leading specialist lender OSB Group, has today relaunched its energy efficiency refurbishment buy to let product range. This range will help support brokers with their b...

09 March 2023

Adam Oldfield, chief revenue officer, says “Today’s figures from UK Finance highlight the trend that started at the end of last year and that set the tone for the first two months of 2023. Nevertheles...

09 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “The UK Finance figures show there has been a rise in the number of people are taking out longer-term mortgages to ...

09 March 2023

The Financial Intermediary & Broker Association (FIBA) has announced that Hampshire Trust Bank (HTB) has joined the trade association as a lender partner. The Bank is now offering FIBA members access...

09 March 2023

Stonebridge, the national mortgage and insurance network, has today (9th March 2023) announced more investment in resources to support its AR firms with the appointment of a new Business Development M...

09 March 2023

The lender has also launched two new Special fee-assisted F1 – for clients just missing out on the mainstream - and F2 – for clients with recent credit blips within the last 24 months – five-year fixe...

09 March 2023

Brokers have been urged to embrace specialist lending by a Pepper Money customer in a recent episode of The Specialist podcast. The podcast features a Pepper Money mortgage customer who shares his ex...

08 March 2023

Envelop, one of the UK’s leading packaging partners, has continued it’s 2023 recruitment campaign with the appointment of Matthew Clarke as head of sales. Matthew has worked within financial services...

08 March 2023

Spring Finance (“Spring”) has today announced the introduction of automated valuations (AVMs) for bridging loans. The use of AVMs is available with immediate effect across regulated and non-regulated ...

08 March 2023

The mortgage industry’s premier intermediary event, Mortgage Business Expo (MBE), has today (7th March 2023) announced that Kate Davies, Executive Director of the Intermediary Mortgage Lenders Associa...

08 March 2023

Knowledge Bank’s monthly criteria index has revealed that during February brokers’ most popular searches underwent a significant overhaul. As the UK’s largest database of mortgage lending criteria, K...

07 March 2023

Alternative Bridging Corporation has promoted Sam Bailey to the role of Business Development Manager (BDM) for the Midlands. Sam joined Alternative Bridging in April last year as an Internal BDM, hav...

07 March 2023

With just a few months to go until Consumer Duty comes into force, MorganAsh has announced a raft of new upgrades to its vulnerability tool for advisers. The MorganAsh Resilience System (MARS) now al...

07 March 2023

Mortgage and banking technology firm Phoebus has partnered with MIAC Analytics which provides a wide range of services to help lenders meet risk management challenges. Phoebus administers the mortgag...

07 March 2023

Discover What's in Store for The Right Mortgage & Protection Network's Refreshed Flagship Event at The Vox, Birmingham The Right Mortgage & Protection Network is excited to announce further details f...

06 March 2023

Hampshire Trust Bank (HTB) has announced the appointment of Herbie Bone as a business development manager (BDM) within its bridging division. Herbie has over three years’ experience in the financial ...

06 March 2023

Following the release of the latest CIPS PMI construction data, which showed construction activity rose at the fastest rate in nine months in February, we have a comment from Beard Construction. Fra...

06 March 2023

United Trust Bank (UTB) Structured Property Finance has provided a £1.06m loan to enable an experienced property investment company to complete the purchase of a 5000 sq ft commercial space on the gro...

06 March 2023

Paradigm Protect, the directly authorised protection proposition - which is part of Paradigm Mortgage Services - has today (6th March 2023) added friendly society, National Friendly, to its panel. Fr...

06 March 2023

The Brightstar Group is hosting a variety of activities across Brightstar Financial and Sirius Property Finance to mark International Women’s Day on March 8th, embracing this year’s theme of #EmbraceE...

03 March 2023

Dudley Building Society has relaunched their partnership with TBMC, adding them as an approved packager to their panel. TBMC have historically focused on BTL mortgages and are well recognised within t...

03 March 2023

Hampshire Trust Bank (HTB) has announced the appointment of Gavin Davies as senior portfolio manager within its development finance division. Gavin brings over 12 years’ experience in the property fi...

03 March 2023

Specialist Hub is delighted to announce that they now have packager status at Tandem Bank for regulated first charge mortgages. Specialist Hub’s lending portfolio includes commercial and semi-commerc...

02 March 2023

Stonebridge, the national mortgage and insurance network, has announced continued strong mortgage application and completion growth throughout 2022 at its recent National Conference, plus record level...

02 March 2023

UK Moneyman Ltd is pleased to announce that, in addition to wide-ranging later-life lending offerings, home reversion plans have been added to their permissions at the FCA. Dan Osman, head of later l...

02 March 2023

Knowledge Bank has appointed Jonathan White to the role of Sales Manager to support the technology firm’s growth strategy and to promote new product developments to lender and broker customers. Whi...

02 March 2023

Castle Trust Bank has completed a £4.6m Light Refurb Bridge to fund the renovation of a large Multi-Unit Freehold Block (MUFB). The bank was approached by Nicholas Christofi from Sirius Property Fin...

01 March 2023

Get ready for the ultimate icy challenge! Loans Warehouse is excited to announce that 12 brave employees and several others participants from around the industry will be taking the #IceBathChallenge f...

01 March 2023

Adam Oldfield, chief revenue officer at Phoebus Software, says “The Bank of England has today confirmed what most people in the housing industry, and around the country, already knew. 2023 started wit...

01 March 2023

Simon Webb, managing director of capital markets and finance at LiveMore, said: “It’s no surprise that net lending fell in January as many of these mortgages would have started their journey around th...

01 March 2023

John Phillips, national operations director at Just Mortgages said: “There are many that think my continuing optimism in the housing market is unfounded but with house prices rising by 9.8% in the 12 ...

01 March 2023

Castle Trust Bank has strengthened its Sales team and coverage with the recruitment of Ryan Johnson as Business Development Manager for the South East & East Anglia. Ryan has a broad experience in spe...

01 March 2023

Property consultancy Allsop has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Allsop is an independent property consultancy...