Press releases for June 2023
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 July 2023
• Saffron For Intermediaries has repriced selected residential products • Today will also see the relaunch of BTL, LTD Company BTL and Expat BTL fixes • All product changes are available to broker p...
29 June 2023
The Bank of England released its Money and Credit statistics today revealing a rise net mortgage approvals from 49,000 in April to 50,500 in May. Remortgages rose from 32,500 in April to 33,600 in May...
29 June 2023
Adam Oldfield, chief revenue officer at Phoebus Software, said: “The lending figures for May make for good reading with gross lending going up following declines in recent months. It bodes well for th...
28 June 2023
Paradigm, the mortgage, protection and compliance services proposition, has today (XX June 2023) announced the launch of a new Lender Product Withdrawals Directory for intermediary firms. The distrib...
28 June 2023
Pepper Money has repriced rates, reduced fees and simplified products on its Residential mortgage range. These changes were made following the Bank of England’s recent decision to increase the base ...
28 June 2023
Vernon Building Society has signed up to the new Mortgage Charter announced by Chancellor Jeremy Hunt. The Charter was created to support borrowers struggling with their mortgage payments. It compri...
28 June 2023
Hampshire Trust Bank (HTB) has enhanced its Special Edition five-year fixed rate deal, which starts at 6.99%, by increasing its maximum loan to £25m from £1m. The product was initially launched in A...
28 June 2023
The “worrying weight of compliance” is taking its toll on regulated firms in the emerging financial sectors, with more than two thirds saying they are concerned about committing an anti-money launderi...
27 June 2023
Source Insurance reveals the implementation of a collaborative adviser forum. Comprised of a range of advisers with varying-sized firms, offerings and preferences, this anonymous forum allows this sel...
27 June 2023
Landbay has reduced rates on its two-year tracker buy-to-let mortgages by up to 90 basis points and added new competitive products to the range. The two-year tracker products are available for sta...
27 June 2023
National brokerage Just Mortgages has expanded the level of support available to its large principal brokers with the launch of a new bespoke training programme. The new programme aims to help fill a...
26 June 2023
“We understand that current events are a growing cause for concern and in some cases, financial difficulty, particularly for those with mortgages. We’re committed to giving customers the information a...
26 June 2023
Beard Construction is today unveiling an ambitious plan to extend its market footprint and open an office on the south coast. The family-owned company already has bases in Bristol, Guildford and Oxfo...
26 June 2023
United Trust Bank (UTB) has appointed Paula Purdy as Head of Sales – Bridging Finance with immediate effect. Paula has a near 20 year track record of success in specialist finance sales working with ...
26 June 2023
Brokers have vented their frustration about short notice product withdrawals on the cherryplc.co.uk Adviser Forum. Just one thread of several on the popular broker forum, has already received nearly...
22 June 2023
Bank of England Base Rate comment from Rob Clifford, Chief Executive of Stonebridge, the mortgage and protection network: “It is a case of déjà vu with today’s decision to increase Bank Base Rate by ...
22 June 2023
Mansfield Building Society has launched two new Buy to Let products up to 75% LTV, including a product exclusively available for SPV limited companies. The new 2 year discounted rate product for limi...
22 June 2023
Bank of England base rate comment from MorganAsh Andrew Gething, managing director of MorganAsh said: “With every recent MPC decision came much talk of rates reaching the peak. However, today’s decis...
22 June 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Whether today’s base rate increase will immediately affect mortgage rates is unlikely after recent increases following the surge in swap...
22 June 2023
Simon Webb, managing director of capital markets and finance at LiveMore, said: “The Bank of England’s Monetary Policy Committee has been spooked by the unexpected inflation figures yesterday showing ...
22 June 2023
Ben Allkins, head of mortgages and protection at Just Mortgages said: “Many would have hoped that the MPC would follow the Federal Reserve – as it often does – and pause its rate rising agenda. But wh...
22 June 2023
The latest monthly criteria index from Knowledge Bank highlights the pressing financial difficulties for many in the UK, with inflation still above target at 8.7%, this is no surprise. The nation fin...
22 June 2023
Smart Money People, the UK’s dedicated financial services review site, has announced the results of its tenth and latest Mortgage Lender Benchmark study which reports an increase in overall broker sat...
21 June 2023
Spring Finance and Newable Commercial Finance have completed an £835,000 regulated re-bridge that funded in under 2 weeks from the initial enquiry. Nick Webb of Newable approached Spring with this re...
21 June 2023
The Right DA Club has today (21st June 2023) announced the launch of a new Protection Helpdesk to member firms. Available at no additional cost, the Helpdesk is being launched to help firms achieve m...
21 June 2023
MorganAsh and Investor in Customers have partnered to provide firms with reports to meet the needs of Consumer Duty. Investor in Customers already provides a suite of reports, assessing outcomes for f...
21 June 2023
Suros Capital, the short term luxury asset lender, has announced that it has increased its maximum LTVs for lending against specific luxury assets. Diamonds, jewellery and watches used as security fo...
21 June 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “To see inflation stagnate is not what we wanted, but the most worrying figure is core inflation, which actually rose in May. So, we’re u...
21 June 2023
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “This stall in annual consumer price inflation, remaining at 8.7% in May, means there is still a long way to go to ...
20 June 2023
Specialist lender Black & White Bridging has provided an £880k facility to support experienced property developers Bedstone Developments, with the purchase of a Grade II listed church in central Bath....
20 June 2023
Adviser forum, cherryplc.co.uk, has revealed the most talked about topics amongst brokers on the site last month. The most popular topic in May was product transfers not being affordable for clients...
20 June 2023
Foundation Home Loans, the intermediary-only specialist lender, has today added new Special products to both its owner-occupied and buy-to-let offering. In its owner-occupied range, Foundation is lau...
20 June 2023
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has appointed industry expert, Nick Allen, to help drive its growth aspirations for 2023/24....
20 June 2023
Fleet Mortgages, the buy-to-let specialist lender, has today (20th June 2023) announced a new, limited edition product feature which will reward landlord borrowers with a £1,000 cashback payment if th...
19 June 2023
Landbay has joined the panel of the Richdale (Richdale Brokers & Financial Services) network, giving its intermediary members access to the buy-to-let specialist lender’s competitive range of mortgage...
19 June 2023
VAS Panel has taken an industry lead on price transparency with a new guaranteed fee scale for valuations of standard residential properties with an estimated value of up to £2,000,000. The move, a ...
19 June 2023
The Right Mortgage & Protection Network and DA Club have today (19th June 2023) announced details of a new Private Medical Insurance (PMI) Summit and awards ceremony for advisers taking place in July....
16 June 2023
• The 2-year product is now available at an initial rate of 5.04% • Product fee is fixed at £4,995 Vida have reduced the rate of their Buy to Let (BTL) Limited Edition product, helping more people fi...
16 June 2023
Having made several promotions in its management team as well as taking on new hires for its investor relations team, Kuflink’s peer to peer (P2P) division working in close cooperation with its short ...
15 June 2023
National brokerage Just Mortgages is encouraging brokers to integrate into their local communities and host mortgage clinics, with a full suite of support now available. Rather than “waiting for it t...
14 June 2023
Knowledge Bank, the UK’s largest and most comprehensive database of lending criteria, today turns on a specialist ‘flag’ to alert brokers when they have searched for an element of criteria that may in...
14 June 2023
New research published today (14 June 2023) from Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has highlighted a lack of awareness among brokers and their property inves...
14 June 2023
Regulated firms must heed the warning - complacency on compliance is a dangerous path that wastes valuable time and money, according to a leading digital compliance expert. The future lies with digit...
14 June 2023
Roma Finance has refreshed its branding with #LovetoLend across all channels with a mission to provide the ‘Borrower First’ experience. The lender has significant growth plans to become a £350 millio...
13 June 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “The figures from the Bank of England today confirm the downward trend in mortgage lending. Understandable, when you consider the turmoil...
13 June 2023
The Right DA Club has today (13th June 2023) announced the appointment of a new National Account Manager. Gary Harrison joins with immediate effect and will focus on a variety of areas within the Clu...
13 June 2023
Specialist buy-to-let lender Landbay has introduced a suite of two-year fixed rate like-for-like remortgage products with a lower Interest Cover Ratio (ICR) stress test. Landlords remortgaging with n...
12 June 2023
In our latest quarterly BTL barometer, brought to you in conjunction with the latest BVA BDRC Landlord Panel research, we evaluate the trends which are impacting your landlord clients and how their po...
12 June 2023
UK’s largest protector of deposits also unveils online, interactive Annual Rent Index report Despite increased speculation about landlords’ intentions in the UK property market, a recent survey by Th...
09 June 2023
The Loans Engine, a leading specialist finance broker, is thrilled to announce it has been added to Twenty7Tec’s sourcing platform as a packager. This collaboration signifies a significant milestone ...
09 June 2023
• Saffron Building Society will be withdrawing all fixed rates across a number of its categories from 5pm on Friday 9th June • Saffron notified brokers of this action just after 5pm on Thursday 8th ...
09 June 2023
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has demonstrated its ongoing commitment to introducing new blood into the surveying sector by...
09 June 2023
CHL Mortgages has added a suite of 5-year fixed rate products to their product range to complement the recently launched 3-year tracker and Lifetime Tracker products. Interest rates on the 2% fee pro...
09 June 2023
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has been awarded a silver medal by EcoVardis in recognition of its commitment to improving su...
08 June 2023
The HBSG is pleased to announce that following the public release of v2.0 of the Property Data Trust Framework, the technology group has formed an independent industry body, the Open Property Data Ass...
08 June 2023
Foundation Home Loans, the intermediary-only specialist lender, has today added three new Limited Edition products to its core buy-to-let range and added Special Editions to both its buy-to-let and ow...
08 June 2023
Knowledge Bank has responded to demand to put on a specialist one-off Criteria Clinic on how Consumer Duty will affect borrowers choosing to build their own homes. The Criteria Clinic is being put on ...
08 June 2023
Specialist lender Black & White Bridging has appointed Jess Caton as Lending Manager to further support their growth plans. Jess joins from Aspen Bridging where she spent just over a year in an und...
08 June 2023
The Brightstar Group has launched Solstar, an insurance brokerage offering a referral service for brokers and advice direct to clients. Solstar Insurance Brokers is headed by Solomon Tzouvanni, an ex...
08 June 2023
An overwhelming 81% of landlords do not feel the portrayal of the buy-to-let market by the mainstream media is fair and accurate, the Landbay quarterly landlord survey can reveal. While demand for re...
08 June 2023
Vulnerability specialist MorganAsh has added a new nurse support service to the MorganAsh Resilience System (MARS), to assist advisers in providing help to highly vulnerable clients. The new service ...
07 June 2023
The UK Finance Household Finance Review has just been published and I have a comment from Simon Webb at LiveMore, the mortgage lender for the 50-90+ age group regarding the 30+ year terms. Simon Webb...
07 June 2023
Bridging completions, applications and loan books continued to grow in Q1 2023, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors from...
07 June 2023
360 Dotnet a leading financial technology provider, is thrilled to announce its recent accolades, winning both the prestigious 'Best Technology Provider' at the Financial Reporter Awards and 'Mortgage...
06 June 2023
Following the release of the latest CIPS PMI construction data, which showed total activity increasing at the fastest pace for three months, we have a comment from Beard Construction. Fraser Johns, B...
06 June 2023
Castle Trust Bank has renewed its contract with Phoebus for another five years and will be transitioning to the software provider’s latest core banking servicing platform. The two firms have worked t...
06 June 2023
Panellists at the inaugural Square 1 Media Mortgage Market Debate were united in highlighting the critical role mortgage intermediaries will play in the future UK lending landscape. The Mortgage Mark...
05 June 2023
Fleet Mortgages, the buy-to-let specialist lender, has today (5th June 2023) launched a range of two- and five-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MU...
05 June 2023
The Right Mortgage & Protection Network and DA Club have today (5th June 2023) announced details of two Sales-focused roadshows they are running for member firms and prospective members during June. ...
05 June 2023
Specialist lender Black & White Bridging is celebrating turning 10 years old this month as the company eyes further expansion. Formerly known as Bath & West Finance, the business has since grown from ...
02 June 2023
Pepper Money has repriced its product range in response to significant increases in swap rates in the last week. There will be no break in continuity from the specialist lender, with the full range ...
02 June 2023
Envelop, one of the UK’s leading packagers and networks, has announced two promotions within its senior management team to fill the newly created positions of managing director and head of operations....
02 June 2023
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced a double promotion to bolster its senior management team. Karen Broughton-Mee ...
02 June 2023
CHL Mortgages, has re-launched a range of variable rate products to include lifetime and 3 year BBR trackers across its core and refurbishment product ranges. Both products are available to a maximum...
01 June 2023
The Loans Engine, a specialist finance broker, is proud to announce that it is now live on Mortgage Brain’s sourcing platform, Sourcing Brain, as a packager This collaboration marks an important mile...
01 June 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “In amongst the news of rising interest rates and high inflation we find an increase in the number of remortgage approvals in April. This...
01 June 2023
Simon Webb, managing director of capital markets and finance at LiveMore, said: “The Bank of England’s money and credit data shows net borrowing of mortgage debt in April at its lowest level in 30 yea...
01 June 2023
31st May 2023: General insurance provider Berkeley Alexander has announced a refresh of its Mid Net Worth (MNW) and High Net Worth (HNW) general insurance panels for intermediaries. Its primary MNW p...
01 June 2023
Mortgage and protection network, HLPartnership, has announced the acquisition of AFP Partnership, a mortgage and protection network based in Maidenhead. According to HLP’s CEO, Chris Tanner, the acqu...
01 June 2023
Tandem has announced a new partnership with Dynamo for Intermediaries, one of the country's foremost mortgage clubs. Members will now be able to access Tandem’s growing portfolio of first charge resid...
01 June 2023
Buckinghamshire Building Society have today launched a new Shared Ownership proposition with rates slashed by 30bps from their previous offering. In addition to the lower rates, the product also attr...
01 June 2023
Specialist lender TAB has become the newest patron of the National Association of Commercial Finance Brokers (NACFB). Established in 1992, the NACFB is a trade body for business finance intermediarie...
