Press releases for October 2024
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 November 2024
An Exclusive Invitation to Attend! As you know, Buckinghamshire Building Society is a member of the Intermediary Mortgage Lenders Association (IMLA). This is an exclusive invitation for you or your ...
31 October 2024
Alternative Bridging Corporation has said yesterday’s Budget announcement marks a line in the sand for property investors, affirming that it remains committed to delivering tailored financial solution...
31 October 2024
Ben Waugh, Managing Director of more2life, comments: “With a raft of tax changes announced in the Budget, including inherited pensions coming under the IHT regime from 2027, it is absolutely vital to...
30 October 2024
Ryan Davies, Strategy Director, Bluestone Mortgages, comments on the Chancellor’s Autumn Budget: “It’s welcome news to see the Chancellor’s commitment to boost the UK’s housing supply. The pledges for...
30 October 2024
Following today’s Budget announcement, which saw the Chancellor set out her plans to address the ‘black hole’ in the UK public finances, we have a comment from national brokerage Just Mortgages. Just...
30 October 2024
Karl Wilkinson, CEO of Access Financial Services, said: “This is a strong Budget for renting professionals who are looking to get onto the housing ladder. The freeze in fuel costs, National Insurance,...
30 October 2024
Please find below, comment from Nick Hale at Movera, a leading home moving group with brands including ONP, CLG and CAL. Nick Hale, CEO of Movera commented: “The Chancellor clearly focused on themes...
30 October 2024
Please find below, comment from Simon Webb at LiveMore, the mortgage lender for the 50-90+ age group. Simon Webb, managing director of capital markets and LiveMore, commented: "The new Budget has in...
30 October 2024
Following the Budget announcement today, which saw the Chancellor set our fiscal plans of the Government, we have a comment from Target Group. Melanie Spencer, sales and growth lead at Target Group, ...
30 October 2024
In response to today’s Budget, here’s a comment from Phoebus. Richard Pike, chief sales and marketing officer at Phoebus, said: The instant rise to 5% on stamp duty for landlords could well be a de...
30 October 2024
Warrington, 01/11/2024 Over the past two and a half years, Giving Mortgages has worked tirelessly to build a comprehensive suite of services tailored specifically for UK mortgage advisors, designed t...
30 October 2024
Hampshire Trust Bank (HTB) continues to strengthen its specialist property finance offering with the introduction of a new Heavy Refurbishment product. This latest addition comes as a result of overwh...
30 October 2024
Research from lifetime mortgage lender Pure Retirement has shown marked annual and quarterly increases in the average property value among new lifetime mortgage customers in Q3, highlighting the diver...
30 October 2024
Ahead of today's Budget, please find below a comment from Phoebus MD Adam Oldfield, on how the Budget might affect the equity release market. Adam Oldfield, managing director, Phoebus Software, said...
30 October 2024
Here are some thoughts from Nick Jones, mortgage services and marketing director at Access FS, ahead of today's budget. Nicholas Jones, mortgage services and marketing director at Access Financial S...
30 October 2024
A new development of homes for the vulnerable hit a problem when a change of policy by the intended lender meant a deal for finance couldn’t go ahead. The customer needed a lender who was happy to ...
30 October 2024
Aspen has taken less than a month to complete a £3m Bridge-To-Let (BTL) for the purchase and renovation of a block of 13 flats in Bath, Somerset. Via the broker, the property investor requested £2.5...
29 October 2024
Please see the below comment from Ryan Davies, Strategy Director, Bluestone Mortgages on today's Bank of England Money and Credit Statistics. The findings show that net mortgage approvals for house pu...
29 October 2024
Following the release of the latest Bank of England Money and Credit statistics, we have a comment from national brokerage Just Mortgages. Just Mortgages is one of the largest mortgage brokers in the...
29 October 2024
Following the release of the latest Bank of England Money and Credit statistics, please see the following comment from Target Group. Melanie Spencer, sales and growth lead at Target Group, said: “Wit...
29 October 2024
Specialist lender, Marsden Building Society has increased the maximum loan-to-value (LTV) on selected Expat Residential products. Buyers can now apply for up to 85% LTV on selected Expat Residentia...
29 October 2024
Great news for the housing market out today from the Bank of England on September mortgage approvals – the highest level since August 2022. Here are some thoughts from Rich Pike, CMSO at Phoebus. ...
29 October 2024
The Brightstar Group has announced The Specialist Lending Expo, which it says will assemble ‘probably the best group of industry speakers ever seen’. The CPD accredited event, which is being held in ...
29 October 2024
Please find a comment on this morning’s Bank of England Money & Credit figures for September, from Karl Wilkinson, CEO of Access FS. Karl Wilkinson, CEO of Access Financial Services, said: “This is ...
29 October 2024
Gateway Surveyors has announced today that the Cumberland Building Society has reappointed the Derby-based surveying firm as its panel manager. This is the latest in a series of existing business part...
29 October 2024
The UK’s leading whole of market equity release experts, Equity Release Group (ERG) have reported a significant uplift in their enquiries this year, announcing amplification of their lead volume by 10...
29 October 2024
The Council of Property Search Organisations (CoPSO) and the Open Property Data Association (OPDA) have pledged to work together to promote open property data to improve the homebuying and selling pro...
29 October 2024
Leading home-moving group, Movera, whose brands include ONP Solicitors, Cavendish Legal Group and LMS has invested in six colleagues towards gaining their professional qualifications, with plans to su...
29 October 2024
Black & White Bridging has appointed Najma Hashime as the company’s new Lending Manager. Najma’s arrival marks a significant step in Black & White Bridging’s expansion as it strengthens its lending ca...
28 October 2024
91% say Labour government negative for landlords 39% would stop investing and 19% exit the market if CGT hiked Proportion planning to expand portfolio in 2025 at all-time low of 6% Landlord res...
28 October 2024
James Briggs has joined newly launched specialist lender Afin Bank as Intermediary Sales Director. Previously Head of Intermediary Sales at Together Personal Finance, Briggs will lead the charge to de...
28 October 2024
Hampshire Trust Bank (HTB) has announced a leadership transition within its Bridging division, with Alex Upton, Managing Director of Specialist Mortgages, assuming full responsibility for Bridging. ...
28 October 2024
Monday 28th October, 2024: Brokers attending Mortgage Brain’s ‘Mortgage Vision’ roadshow have revealed that they are becoming increasingly agile and creative in order to meet the evolving needs of the...
25 October 2024
The Data Use and Access Bill came out yesterday which could transform the way that we use and share data, which in turn could change the way that we buy and sell property. Here is a comment from Mari...
25 October 2024
Norton Broker Services, a leading specialist finance packager and master broker, has successfully completed a complex bridging loan valued at £244,000 to assist a client in the final stages of a prope...
25 October 2024
The Right Mortgage & Protection Network has today (25th October 2024) announced the appointment of a new Regulatory Trainer, Jane Gough. Jane will report to Head of Regulatory Training, Aidan McCar...
25 October 2024
Countrywide Surveying Services (CSS) advances towards its goal of achieving Net Zero by 2045, five years ahead of the UK’s 2050 target by taking action by minimising the environmental impact of our bu...
24 October 2024
finova Broker, formerly the eKeeper Group and part of finova, the UK’s largest cloud-based mortgage and savings provider, has launched its CRM platform and Customer Portal into Grange Mortgages. Based...
24 October 2024
The Mortgage Business Expo (MBE) South 2024 once again proved to be a standout event for the intermediary mortgage sector, drawing an impressive number of brokers, lenders, and key stakeholders from a...
24 October 2024
The latest Pepper Money Specialist Lending Study found that 41% of people have increased their unsecured borrowing in the last 12 months. This is supported by The Bank of England’s findings, which rev...
24 October 2024
Hampshire Trust Bank (HTB) has successfully completed a £6.4 million refinance for a 43-property portfolio, enabling the borrower to meet a critical deadline and unlock liquidity for future acquisitio...
24 October 2024
BuildLoan, the UKs leading distributor of self-build and renovation finance, has appointed Chris Martin to the role of Director of Operations. Chris has held various roles within BuildLoan during th...
23 October 2024
Atom bank, the UK’s first app-only bank, has extended the rate discount available on its range of large commercial mortgages. The move means that commercial mortgages of between £1m and £4m will now ...
23 October 2024
Regarding the latest quarterly index from the Equity Release Council, please find below some reactive comment from Ben Waugh, MD of more2life “It’s really positive to see the second straight quarter ...
23 October 2024
Alternative Bridging Corporation is pleased to announce the promotion of Zack Cohen to the role of Internal Business Development Manager (BDM). Zack’s journey with the company began as an intern earl...
23 October 2024
London Credit has launched a pilot of its Development Finance offering up to 70% LTGDV, which it will use to refine the proposition ahead of a full launch. Earlier this year, London Credit recruited ...
23 October 2024
Adrian Moloney, Group Intermediary Director, OSB Group, comments: "As we approach the Budget announcement, it’s crucial to acknowledge the potential unintended consequences of any tax decisions - espe...
23 October 2024
The Mortgage Industry Mental Health Charter (MIMHC) has launched a new series of Question and Answer (Q&A) webinars featuring mental health experts with an exclusive conversation with the founder of A...
23 October 2024
Just Mortgages, one of the UK’s largest mortgage brokerages, has expanded its self-employed management team with the appointment of James Hoskins as area director. Based in Bristol, James will be sup...
22 October 2024
- New specialist lender will offer residential and BTL mortgages next year2 - Afin Bank will help African nationals living in the UK and overseas borrowers - Lender will also support HNW, Professional...
22 October 2024
ONP Solicitors, part of leading home-moving group Movera, is significantly expanding its Leeds operation in response to increasing demand for its conveyancing and remortgage services. Yorkshire is rec...
22 October 2024
Black & White Bridging has made several key promotions, to strengthen their regional hubs and ensure that the leadership is in place to support its continued expansion. David McCarthy has been promot...
22 October 2024
Conveybuddy, the conveyancing panel manager for mortgage brokers, has announced an expansion to its services by adding survey products in partnership with The Moving Portal. This collaboration enable...
22 October 2024
The Right Mortgage & Protection Network has today (22nd October 2024) announced a number of new services for adviser firm members, including a regular Mortgage Coffee Morning Meeting. Following suc...
22 October 2024
Mortgage Advice Bureau (MAB) has joined the Open Property Data Association (OPDA), becoming the first major mortgage intermediary to do so. The intermediary network will support the trade association...
21 October 2024
Selina Finance has rolled out a range of new policies to make its lending options more accessible and streamlined, providing greater flexibility for both brokers and borrowers. The changes are part o...
21 October 2024
As of today, Monday, 21st October 2024, Dudley Building Society has announced the launch of a range of competitive new five-year fixed-rate mortgage products. The products are tailored to meet the di...
21 October 2024
OMS, the technology-led enquiry-to-completion processing platform for intermediaries, has completed a major API upgrade with Pepper Money, enabling users to submit full mortgage applications across th...
21 October 2024
HLPartnership (HLP), the dedicated mortgage and protection network, has confirmed the appointment of Matt Brown as its new Propositions Director. With over 20 years of experience in financial services...
18 October 2024
The number of registered company insolvencies across the UK has reached 1,973, reflecting an increase of 2% compared to August 2024. Oliver Collinge, Director at restructuring and insolvency firm PKF...
18 October 2024
Bluestone Mortgages today announces rate reductions across its standard and purchase fee-free product ranges, to support a growing number of customers with adverse credit. Rates have decreased by 10bp...
18 October 2024
Inspired Lending has provided a £934,000 loan facility to refinance a tenanted residential investment property in Kent. The deal was structured as a 1st charge with an 18-month term at 72% Loan-to-Va...
18 October 2024
The Right Mortgage & Protection Network has today (18th October 2024) announced the promotion of Victoria Clark to the new position of Head of Lending. Formerly Head of Equity Release, Victoria now...
17 October 2024
Landlords may be having jitters about investing in new properties ahead of potential Capital Gains Tax rate hikes and new EPC regulations, according to new analysis from Acre, the UK’s fastest growing...
17 October 2024
Precise, the specialist lender, which is part of OSB Group, has launched a 5-year fixed limited edition residential range with valuation and assessment fees included. The range has been created to he...
17 October 2024
Hanley Economic Building Society has announced the launch of a fee-free two-year fixed rate shared ownership mortgage in a bid to bolster its shared ownership product range. This product has a headli...
17 October 2024
A NEW member of LSL Group’s senior management team has shared her deeply personal journey to emotional wellbeing for the latest video in the Mortgage Industry Mental Health Charter (MIMHC) interview s...
17 October 2024
United Trust Bank Mortgages has announced two further key appointments in new lending and underwriting roles to support the specialist lender’s growth strategy. Mareeza Mitri has been promoted to New...
17 October 2024
Buy-to-let lender Landbay has announced rate reductions of up to 0.15% across its fixed rate product range. The biggest reduction is among its two-year fixed rate products, which have been cut by the...
17 October 2024
Specialist lender Spring Finance (Spring) has announced an enhancement to their AVM offering on regulated and unregulated bridging. A number of other operational improvements to further streamline its...
17 October 2024
The UK-based subsidiary of the Bank of Ceylon (BOC UK), Sri Lanka’s largest bank, has announced a strategic partnership with fintech innovator Sikoia. The partnership will integrate Sikoia’s all-enco...
17 October 2024
A third of commercial finance brokers struggle to find lenders prepared to fund business acquisition deals, latest survey data from Asset Advantage can reveal. Alongside difficulties with lender appe...
16 October 2024
Accord Mortgages is making further positive changes to its buy-to-let offering today, providing vital help with landlords’ affordability challenges. The intermediary-only lender is reducing its inter...
16 October 2024
Growing real estate capital advisory LEXI Finance has made three key appointments as it continues to expand in response to increasing requirements for debt advisory work. Morgan Bowen and Charlie Fox...
16 October 2024
Private Rent and House Prices: October 2024 Alex Upton, Managing Director, Specialist Mortgages, Hampshire Trust Bank "The rental market is showing no signs of slowing down, with rents continuing to...
16 October 2024
Richard Harrison, Head of Mortgages at Atom bank, comments: “House prices have been pushed higher once more, off the back of a much more active housing market. Data from Rightmove shows that the numb...
16 October 2024
Redwood Bank has been named as a finalist in three categories at the prestigious 2025 NACFB Lender Awards. The Bank is in the running for Specialist Lender of the Year, the Rising Star Award-for Len...
16 October 2024
The Right DA Club has today (16th October 2024) announced the addition of protection and private medical insurance (PMI) provider, National Friendly to its insurance panel. From today, Right DA Club ...
16 October 2024
Richard Pike, chief sales and marketing officer at Phoebus, said: “All in all, it’s a promising outlook for a Bank of England rate cut in November also assisted by yesterday’s news on easing in wage g...
16 October 2024
Simon Webb, managing director of capital markets and LiveMore, commented: "The decline in inflation by 0.5% to 1.7% in the 12 months to September 2024, could suggest that inflationary pressures are e...
16 October 2024
Mark Michaelides, chief commercial officer at Molo Finance, the digital buy-to-let lender and ColCap company, said: “This will be very welcome news for businesses and consumers – and no doubt for the ...
16 October 2024
The head of national brokerage Just Mortgages has called on the Chancellor to put forward a replacement for Help to Buy in the upcoming Budget, to support first-time buyers joining the property ladder...
15 October 2024
Specialist lender Kent Reliance for Intermediaries (KRFI), part of the OSB Group has launched a brand new buy to let limited edition 1 year fixed product. It has been designed to help brokers and thei...
15 October 2024
15 October 2024: Acre’s Consumer Duty dashboards are tailored for each user profile, giving them actionable insight that help them write compliant business. Individual brokers can monitor their own ca...
15 October 2024
Following the recent rate reductions across our Prime and Impaired product ranges, we are pleased to announce a further product repricing, with rate reductions of up to 70 basis points (bps) across ou...
15 October 2024
Specialist lender, Marsden Building Society has announced an increase in the loan-to-value (LTV) across its Later Life, Lending into Retirement and Retirement Interest Only (RIO) mortgage products. ...
14 October 2024
Company will consider lending more than £5m on a case-by-case basis BRISTOL, 14 October 2024 Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, is announcing a ‘white glove’ servic...
14 October 2024
14 October 2024 – UK later life lender, Standard Life Home Finance, has today announced the launch of a new series of online clinics for advisers active, or interested in becoming active, in the later...
14 October 2024
Buckinghamshire Building Society has announced an extensive product repricing, with rate reductions of up to 70 basis points (bps) across its Buy-to-Let, Holiday Let, and First-Time Buyer products. I...
11 October 2024
London, 11 October 2024 Tuscan Capital, the short-term property finance specialist powered by Allica Bank, has today revealed an expanded product and service proposition designed to support a wider r...
11 October 2024
Following the release of the latest ONS construction output figures, which shows a 0.4% increase in construction output and total housing grow by 2.7% in August, we have a comment from Spicerhaart Par...
10 October 2024
• Growing proportion of commercial brokers seeing decreased demand from SMEs for finance • Economic uncertainty, specifically the Budget, blamed for slowdown in appetite • Property purchase remains ...
10 October 2024
Economic uncertainty and the prospect of tax changes being introduced in the upcoming Budget are behind a slowing appetite for external funding, Atom bank’s ‘SME Pulse’ for Q3 2024 has revealed. The...
10 October 2024
Rockstead has become the latest organisation to join the Bridging & Development Lenders Association (BDLA) as an associate member. Rockstead was established in 2008 to provide a range of services to...
10 October 2024
Halifax, Birmingham Midshires and Scottish Widows brands unite to prioritise mental health in the mortgage industry Lloyds Banking Group, through its leading Halifax Intermediaries, Birmingham Midshi...
10 October 2024
more2life, the later life lender, has today (10th October 2024) announced it has reduced the early repayment charges (ERCs) on its Maxi range of lifetime mortgages. From today, more2life is reducing ...
10 October 2024
Foundation Home Loans has today (Thursday 10th October) announced the promotion of Nathan Goodridge to Head of Sales. Nathan joined Foundation Home Loans in February 2022 as a National Sales Manager,...
09 October 2024
Hinckley & Rugby Building Society has launched its first fixed-rate mortgage products within its Specialist mortgage range. The launch includes two 2-year fixed-rate products and two 5-year fixed-rat...
09 October 2024
‘The ‘Buy to Let’ brand of specialist lender, Foundation Home Loans, has today (9th October 2024) announced a number of new product additions to its range covering larger HMOs, Multi-Unit Freehold Blo...
09 October 2024
Mortimer Street Capital has arranged a £1.4m care home purchase in Kent with funding from two lenders, TAB and LendInvest. The client wished to purchase a 30 bedroom care home in Margate and Mortime...
09 October 2024
Aspen Bridging’s in-house planning consultant played in integral role in ensuring a developer received a £1,130,000 Development Exit loan in just 14 days to allow much-needed time to resolve outstandi...
09 October 2024
Nearly a third of commercial finance brokers say they frequently encounter difficulties in securing funding for their clients due to changes in funder policies, latest survey data from Asset Advantage...
09 October 2024
Loans Warehouse is thrilled to announce its selection as the strategic partner for the Fiducia Commercial Network, providing expert services for both Second Charge Residential Mortgages and Regulated ...
08 October 2024
Atom bank, the UK’s first app-only bank, has appointed Ayshea Robertson as its new Chief People Officer (CPO). Ayshea joins from Zen Internet, the internet service provider, where she spent six years...
08 October 2024
United Trust Bank (UTB) Mortgages has announced rate reductions of as much as 164bps across its Second Charge product range. The specialist lender is now offering second charge interest rates from as...
08 October 2024
Alternative Bridging Corporation has announced a new funding relationship of up to £200m to support its current demand for loans and the continued growth of its business. The new warehouse facility f...
08 October 2024
Hampshire Trust Bank (HTB) has introduced a new Business Development Executive (BDE) role within its bridging team, designed to provide brokers with an even greater level of service. The move aims to...
08 October 2024
Hanley Economic Building Society has reduced the rate on its 95% LTV two-year fixed rate mortgage by 0.31% and introduced a fee-free five-year fixed rate retirement interest-only (RIO) mortgage with n...
07 October 2024
LHV Bank has successfully facilitated a commercial mortgage for Broxmouth Park Estate, a luxury wedding and corporate event venue located in Scotland. The facility was used to refinance the estate’s e...
07 October 2024
Buckinghamshire Building Society has introduced a comprehensive product repricing, with rate reductions of up to 20 basis points (bps) across its Prime product range and up to 30 bps across its Impair...
07 October 2024
Castle Trust Bank has cut rates across its range, including Heavy Refurbishment with Drawdowns, Light Refurbishment and its Buy to Let product, TermTen. The rate on Castle Trust Bank’s popular Heavy...
07 October 2024
United Trust Bank Mortgages has announced that Barry Luhmann has moved into the newly created role of Customer Support and Strategy Director – Mortgages with Dave Burke taking over Barry’s previous ro...
07 October 2024
HLPartnership (HLP), the dedicated mortgage and protection network, is delighted to announce the appointment of Preeti Ferrier as Regional Sales Manager for the South, as part of its continuing strate...
07 October 2024
• 10% of tenants find their rent ‘barely manageable’ or ‘unaffordable’ • 50% have seen their rent increase in the past year by an average £100 a month • 81% say their rent represents value for money ...
07 October 2024
LiveMore, the mortgage lender for people aged 50 to 90 plus, has reduced rates on its lifetime mortgages, a type of equity release. LiveMore’s ‘Lifetime Mortgage – Lite’ pricing has been cut by 0.29...
04 October 2024
Rosemount Financial Solutions (IFA), the mortgage, protection and financial planning network, has announced a new partnership with Loans Warehouse. Loans Warehouse is one of the UK’s largest bridging...
04 October 2024
Hinckley & Rugby for Intermediaries has announced significant improvements to its Income Flex product criteria, providing more flexible lending options for borrowers with non-standard income sources. ...
04 October 2024
conveybuddy, the innovative conveyancing technology provider, has announced a new charitable initiative aimed at supporting vital causes across the UK. For every completed remortgage, sale, survey, o...
04 October 2024
Broker Conveyancing, the broker-focused conveyancing distributor, has today (4th October 2024) announced the launch of a new prize draw incentive for those advisers instructing surveys on its platform...
04 October 2024
Hampshire Trust Bank (HTB) has introduced dual representation for bridging cases, expanding its legal panel to include HCR Law. This move simplifies the legal process for brokers and their clients by...
03 October 2024
A new report, The Economic Footprint of Home Building, produced in association with United Trust Bank, shows that last year home building in England and Wales generated £53.3bn of economic output and ...
03 October 2024
Fleet Mortgages, the buy-to-let specialist lender, has today (3rd October 2024) released the latest iteration of its Buy-to-Let Rental Barometer covering Q3 2024 rental yields across England and Wales...
03 October 2024
Despite Open Banking being revolutionary in the way people interact with and manage their finances, six in 10 (60%) UK adults are unaware of Open Banking and its benefits, according to new research fr...
03 October 2024
‘The ‘Residential’ brand of intermediary-only specialist lender, Foundation Home Loans, has today (3rd October 2024) announced the launch of new Limited Edition, Remortgage Only, Fee-assisted two- and...
03 October 2024
Aspen has completed a £6.95m Light Development loan at 75% LTV in just five days on a super-prime near-complete project in Kensington, London. The developer, a Nigerian national, plans to complete t...
03 October 2024
The majority of landlords (75.4%) are very concerned about plans to abolish Section 21 ‘no fault’ evictions, announced as part of the Government’s recently published Renters’ Rights Bill. In a survey...
02 October 2024
Swansea Building Society has announced the launch of two new mortgage products available from October 1, 2024. These products are specifically designed for limited companies looking to invest in buy-t...
01 October 2024
United Trust Bank is continuing to develop its Bridging Sales Team to deliver the Bank’s ambitious growth plans into 2025 and beyond and ensure excellent broker service and support. Paula Purdy has ...
01 October 2024
LiveMore, the mortgage lender for people aged 50 to 90 plus has appointed David Wilson to chief operating officer (COO). Wilson joins from Barclaycard UK where he was director of operations, accounta...
01 October 2024
Black & White Bridging, the specialist bridging lender, this week opens two new offices. It is expanding out of its base near Bath, to open offices in London and Manchester, tripling its number of loc...
