Press releases for August 2023
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 September 2023
In its first public intervention, the FCA has asked nine banks and building societies to provide value assessments on its saving products. It follows concerns that interest rate rises are not being pa...
01 September 2023
The Association of Short Term Lenders (ASTL) has announced the appointment of two new members to its executive board. The new executive board appointments were elected by members of the ASTL from a ...
01 September 2023
The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has today (1st September 2023) announced Post Partner, legal sector specialists in Document Allocation and In...
01 September 2023
Mortgage Broker Tools (MBT) has now processed more than one million cases through the affordability-first research platform. The one millionth case was run by Joe Lund from The Connells Group. The c...
31 August 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “The news doesn’t get any better at the moment. With reports yesterday from the Bank of England and Zoopla, showing how slow the market h...
30 August 2023
A continuing trend and a juggling act for lenders - Comment on the Bank of England money & credit figures for July from Adam Oldfield at Phoebus Software “The number of approvals for remortgages in J...
30 August 2023
MorganAsh has developed the MorganAsh Resilience System (MARS) to help brokers, advisers and financial services firms better manage and evaluate consumer vulnerability and comply with Consumer Duty. ...
30 August 2023
The founding members of the Landlord Leaders Community, convened by OSB Group, has today launched its mission statement outlining its aims to drive positive change for a sustainable and thriving priva...
29 August 2023
Landbay has created a new range of Limited Edition standard five-year fixed rate buy-to-let mortgage products starting at 5.15%. It has also reduced rates on four standard five-year fixed products by...
29 August 2023
Alternative Bridging Corporation has made a number of enhancements to its website to make it even easier for brokers to find information and apply for bridging, development or commercial finance. Th...
29 August 2023
United Trust Bank (UTB) announced as the first lender to sign up to OPDA with Buster Tolfree joining the Member Executive Committee OPDA, the UK’s first trade association creating and driving adoptio...
25 August 2023
Just Mortgages now has over 650 advisers, with a back-up team of 75 trainers, compliance and administration staff. John Phillips says: “I’m very proud of what we’ve achieved, transforming our financi...
25 August 2023
Foundation Home Loans, the intermediary-only specialist lender, has today announced a refresh of both its core buy-to-let and owner-occupied product ranges, plus the launch of new remortgage-only buy-...
24 August 2023
The latest criteria index from criteria search system, Knowledge Bank, comes from a July that brought us a welcome drop in inflation. However, it is perhaps of little surprise that the Knowledge Bank ...
24 August 2023
Hampshire Trust Bank (HTB) has reinforced its development finance service proposition with the addition of two relationship managers. New relationship managers Pippa Betts and Elysia Walters will be...
24 August 2023
LiveMore has built an affordability calculator which accurately provides the maximum amount of borrowing available on all of its later life lending product types in one visual display. This follows h...
24 August 2023
LiveMore has built an affordability calculator which accurately provides the maximum amount of borrowing available on all of its later life lending product types in one visual display. This follows h...
22 August 2023
Recent survey data reveals firms operating in emerging financial sectors show a concerning lack of commitment to screening new customers against sanctions or politically exposed persons (PEP) lists. O...
22 August 2023
Bank also launches new Fee Plus product with five-year fixed rates starting from 6.89% Hampshire Trust Bank (HTB) has made enhancements to its specialist buy-to-let and semi-commercial mortgage offe...
22 August 2023
Just Wealth has strengthened its referral proposition to include support with protection cases, helping brokers at its sister firm Just Mortgages meet their Consumer Duty obligations. In addition to ...
22 August 2023
InterBay has completed a remortgage deal allowing a property investor to pay off their development loan on 28 units above a retail parade in Hemel Hempstead. The loan of £4.575m was made to a limited...
22 August 2023
Hanley Economic Building Society has appointed Martyn Hoccom as a Non-Executive Director where he has become the newest board member and will assume a key position on the Society’s Risk Committee. Ma...
22 August 2023
Newcastle Building Society is celebrating retaining its Investors in People (IIP) Platinum status, having been re-awarded the prestigious accreditation for the next three years. Investors in People ...
21 August 2023
The Right Mortgage & Protection Network and DA Club have today (21st August 2023) announced a new partnership with Uinsure’s new digital product, UinsureCX, which allows advisers to automate insurance...
21 August 2023
Paradigm Protect, the directly authorised protection proposition - which is part of Paradigm Mortgage Services - has today (21st August 2023) announced a series of ‘Soft Skills’ training sessions in c...
21 August 2023
United Trust Bank (UTB) has promoted Helen Wakeford to the senior role of Head of Unregulated Underwriting – Bridging Finance, with immediate effect. The senior management appointment continues the r...
17 August 2023
Paradigm, the mortgage, protection and compliance services proposition, has today (17th August 2023) added Crystal Specialist Finance to its distribution panel. Crystal provide specialist finance pro...
17 August 2023
Hampshire Trust Bank (HTB) has made a raft of enhancements to its criteria for specialist buy-to-let, mortgage applications, highlighting its increased appetite for new business and its aim to simplif...
16 August 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Although it is in line with many predictions, it is good to see inflation come down below 7%. The hope was that it might get down to 5% ...
16 August 2023
Wednesday 16th August 2023, London The cross-industry mentoring scheme launched in June by the Association of Mortgage Intermediaries (AMI), the Intermediary Mortgage Lenders Association (IMLA) and t...
16 August 2023
Loughborough Building Society is delighted to announce it’s been awarded the FairLife Mark for its mortgage and savings products. The FairLife Mark represents a new fair-trading initiative for the fi...
16 August 2023
Hope Capital has announced it has propelled its growth strategy, with a 40% increase in staff since the same period last year, following a series of new hires and promotions. The lender recently re...
15 August 2023
• Three quarters of intermediaries (75%) ‘confident’ about the outlook for the mortgage industry in Q2, according to the latest findings from IMLA’s Mortgage Market Tracker • On average, intermediari...
15 August 2023
Hampshire Trust Bank (HTB) has announced the appointment of Zouhair Mihramane as business development manager within its specialist mortgages division, who started his role on 1st August. Zouhair pr...
15 August 2023
Paradigm, the mortgage, protection and compliance services proposition, has today (15th August 2023) announced the launch of new, exclusive Large Loan products from Harpenden Building Society to its m...
15 August 2023
Wealth management firm James Sharp has implemented the MorganAsh Resilience System, to assess, measure and report on their customers’ vulnerability, in line with the Consumer Duty requirements. James...
15 August 2023
Suros Capital, the short term luxury asset lender, has agreed a loan of £100,000 for a solicitor client who wanted to buy into a new law practice. The loan, which was secured against part of the clie...
11 August 2023
Specialist lender OSB Group, has helped charity The Albrighton Trust create a new garden to commemorate the year of the King’s Coronation and its own 30-year anniversary. The garden was officially op...
11 August 2023
Following the release of the latest ONS construction output figures, which showed monthly output increase by 1.6% in June, we have a comment from Beard Construction. Mike Hedges, director at Beard sa...
10 August 2023
The level of arrears and possessions in the buy-to-let sphere is worrying - Comment on the UK Finance arrears and possession figures for Q2 from Adam Oldfield at Phoebus Software Adam Oldfield, chief...
10 August 2023
Charity says its London-based housing service has received a 350% increase in calls since Q2 2022 Computershare Loan Services and The Deposit Protection Service (The DPS) have donated £40,000 to nati...
10 August 2023
Nearly two thirds of banks do not always check who is running the businesses they take on as new clients, new survey data can reveal. Almost one third (31%) said they often carry out verification che...
10 August 2023
Hampshire Trust Bank (HTB) has announced that it is extending its Decision in Principle (DIP) from 30 to 90 days across its specialist mortgage product range. This change is in addition to HTB’s recen...
10 August 2023
Interest rate policy to tackle inflation, clients demolishing their mortgaged property and options for brokers looking to go self-employed were three of the most talked about topics in July on the che...
10 August 2023
Countrywide Surveying Services (CSS), one of the leading suppliers of surveying and valuation panel management services, has announced its appointment by Leek Building Society as their valuation and s...
10 August 2023
CHL Mortgages has reduced rates across its entire 5-year fixed range with rates now starting from 5.94%. The lender has also expanded the fee options available to Landlords, with a newly introduced 7...
09 August 2023
National brokerage Just Mortgages has promoted longstanding financial services director John Doughty to the position of managing director for the employed Orion chapter. The new role will see John wo...
09 August 2023
Fleet Mortgages, the buy-to-let specialist lender, has today (9th August 2023) launched a range of two-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MUB. The ...
08 August 2023
LiveMore has built a brand-new mortgage origination platform in-house, incorporating a comprehensive Decision in Principle (DIP) capability, resulting in an enhanced broker and customer journey. This...
08 August 2023
Hampshire Trust Bank (HTB) has announced the appointment of Ross Sheppard as business development manager for bridging. Ross has previously worked in the Bank’s development finance division for alm...
07 August 2023
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has announced that it has seen application volumes increase by 25% year on year. In additi...
07 August 2023
The Association of Short Term Lenders (ASTL) Bridging Mortgage loan books continued to grow in Q2 2023, increasing by more than 5% to an all-time high of just over £7.1bn. This is following the latest...
07 August 2023
An experienced developer is utilising a £2m, 80% LTV Finish & Exit bridge from Aspen to redeem an existing development loan and complete an advanced nine-house development in Lancashire. The develo...
03 August 2023
Adam Oldfield, chief revenue officer at Phoebus Software, says “Today’s decision by the MPC will come as no surprise, but it will no doubt cause consternation for many borrowers. Whether it was the ri...
03 August 2023
MorganAsh has developed the MorganAsh Resilience System (MARS) to help brokers, advisers and financial services firms better manage and evaluate consumer vulnerability and comply with Consumer Duty. ...
03 August 2023
Carl Parker, national director at Just Mortgages comments on the Bank of England’s decision to raise interest rates Following the decision by the Bank of England to raise interest rates from 5% to 5....
03 August 2023
Mark Tosetti, Group Partnerships Director of ONP Group comments on the Bank of England’s decision to raise interest rates Please find comment on today’s Bank of England MPC interest rate news from ON...
03 August 2023
Simon Webb, managing director of capital markets and finance at LiveMore, said: “With both the US Federal Reserve and European Central Bank raising their respective base rates by 0.25% last week, the ...
03 August 2023
"Given the rate increase we saw from the US Federal Reserve last week, today’s announcement will not come as a huge surprise. This latest increase intensifies the challenge for mortgage advisers to gu...
03 August 2023
Foundation Home Loans, the intermediary-only specialist lender, has today further enhanced its owner-occupied proposition through the launch of products with enhanced loan-to-income (LTI) limits for K...
03 August 2023
Hampshire Trust Bank (HTB) has announced an internal promotion from its specialist mortgage team to its bridging division through the appointment of Mia House as business development director for brid...
03 August 2023
Krystle Kocik, CPO at PEXA Joins Member Executive Committee to Continue Driving Data-Driven Transformation in the UK Property Industry 3rd August 2023 OPDA, the UK’s first trade association for open...
03 August 2023
The proposed date for all landlords to achieve a minimum EPC rating of C could be set to change once again, housing secretary Michael Gove has hinted. In an article for the Sunday Telegraph, Gove sai...
02 August 2023
Newcastle Building Society announces half year results [Note: financial results quoted are for the half-year to 30 June 2023 (and equivalent period in 2022, unless stated as Full Year)] Highlights •...
02 August 2023
Leading mortgage and protection firm, Access Financial Services has announced the completion of its new academy proposition with the introduction of a comprehensive suite of CeMAP courses. Spearheaded...
02 August 2023
One Mortgage System (OMS) has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. OMS is a customisable CRM system for mortgage an...
02 August 2023
Pepper Money has recruited Ryan McGrath as Second Charge Sales Director for the specialist mortgage lender. Ryan has more than 30 years’ experience in financial services, 23 of which have been in th...
02 August 2023
Threemo Legal Services are Trustpilot’s #1 ranked law firm and remortgage conveyancing specialist. Threemo are specialists in the conveyancing element of a remortgage either as a standalone remortgage...
02 August 2023
Hope Capital has today announced that the first half of 2023-24 was its most successful period to date, with a series of impressive records reported. During the six months, year on year enquiries inc...
02 August 2023
31st July 2023 - Secure Legacy Partners, a new trailblazer in the estate planning industry, is proud to announce the launch of its state-of-the-art Broker Portal, a game-changing platform designed exc...
01 August 2023
Vida cuts rates by up to 40bps • All buy-to-let rates reduced alongside a number of residential rates • Second BTL Limited Edition launched, extending availability to HMO/MUBs Vida, the specialist l...
01 August 2023
Roma Finance, the ‘borrower first’ lender has now launched Flow Desk in response to demand for short term lending. Flow Desk is a fast paced, internal sales function, created with a brand new team of...
01 August 2023
Foundation Home Loans, the intermediary-only specialist lender, has today announced a refresh of its buy-to-let and owner-occupier ‘specials’ product range to incorporate rate reductions of up to 0.35...
01 August 2023
Hampshire Trust Bank (HTB) has announced the appointment of Nicola Ledgard as its head of portfolio management within its specialist mortgages division as part of its continued strategy of helping sup...
01 August 2023
We’re delighted to provide the latest Second Charge lending figures exclusive provided to Loans Warehouse, Secured Loan Index: Second charge lending climbed 14% in June to £144.5m, compared to May’s ...
