Press releases for November 2022
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 December 2022
- 26% increase in bridging loan enquiries - 8% increase in conversion rates from Fast Track London 1st December 2022 Tuscan Capital, the short-term property finance specialist, has announced that...
01 December 2022
Pepper Money has promoted Anthony Fisher from the role of Regional Broker Account Manager (RAM) to Business Development Manager (BDM) for the North of England and Scotland. Anthony, will focus on wo...
30 November 2022
Knowledge Bank, the UK’s largest criteria search system is launching its hugely popular ‘12 Days of Christmas’ campaign for the 5th consecutive year. The campaign will run for 12 working days from the...
30 November 2022
Most mortgage intermediaries say they could live without time-saving tech as long as the lender was willing to take a view on applications and gave them the confidence that their cases would complete....
30 November 2022
Fleet Mortgages, the buy-to-let specialist lender, has today (30th November 2022) announced further rate cuts across its entire fixed-rate mortgage range for both 65% and 75% LTV. From today, adviser...
30 November 2022
Landbay continues to reprice downwards, this time on its standard two-year fixed rate buy-to-let mortgage products. The specialist buy-to-let lender has introduced a 65% LTV two-year fix at 5.24% and...
30 November 2022
The number of potential mortgage customers with adverse credit has grown by more than 1.6 million in the UK, according to the latest Pepper Money Specialist Lending Study. The specialist mortgage le...
29 November 2022
Richard Pike, chief sales and marketing officer at Phoebus Software, says “A fall in mortgage approvals and an increase in consumer credit shows that housing has fallen down the list of priorities as ...
29 November 2022
Simon Webb, managing director of capital markets and finance at LiveMore, said: “The ‘effective’ interest rate, which is the actual interest rate paid, has risen every month in 2022. For newly drawn m...
28 November 2022
London 28th November 2022 Tuscan Capital, the short-term property finance specialist, has today (25th November 2022) announced that Jade Lidiard has joined the lender as Underwriter. Jade joins Tusc...
28 November 2022
Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has introduced Automated Valuation Models (AVMs) into its bridging loan process. AVMs are now available on residential bri...
28 November 2022
On the 1st December, specialist lending industry heavyweight, Roger Morris, will be appointed as Director of Sales and Distribution for the Mortgage Division at Tandem Bank. Roger will be directly re...
28 November 2022
If you’re a Russian kleptocrat who wants to launder money through the UK to help finance Putin’s war in Ukraine, do it in Northern Ireland. New data has identified the province as the UK’s most vulne...
28 November 2022
Pollen Street Capital are pleased to announce a new senior secured credit facility with Tower Street Finance, the market leader in UK Probate Lending. Founded in 2019, Tower Street Finance is a regul...
25 November 2022
- £50m Landlord Leader Fund in 2023, along with products, processes and partnerships to support landlords in the transition to energy- efficient properties - Launch of Landlord Leaders Community Le...
25 November 2022
Pepper Money has revealed the impact the cost-of-living crisis is having on the finances and mental health of British households. The specialist mortgage lender, partnered with YouGov to conduct res...
25 November 2022
Bridging completions, applications and loan books all continued to grow in Q3 2022, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors ...
25 November 2022
VAS Valuation Group has appointed Ashley Kirton to the newly created role of General Manager. A proven supervisor with over 15 years’ experience, Kirton will work closely with the Heads and Assistant...
25 November 2022
Alternative Bridging Corporation has strengthened its Marketing team with the recruitment of Tanvi Shah as Junior Marketing Assistant. Tanvi is a marketing graduate who has previously held marketing...
24 November 2022
Advisers – Offer more services and help your clients with probate lending solutions. On this free 30-minute webinar you can find out more about how this new range of lending products can be used to h...
24 November 2022
Specialist Hub is delighted to announce that they now have semi-exclusive access, and packager status at West One for regulated first charge mortgages. Specialist Hub’s lending portfolio includes com...
24 November 2022
eConveyancer has launched a panel management partnership with The Right DA Club. The agreement will provide Directly Authorised brokers working for The Right DA Club with access to eConveyancer’s pan...
24 November 2022
National brokerage Just Mortgages has warned there is a risk of a shortfall in protection cover for borrowers and says there is a business and moral imperative for brokers to ensure clients are adequa...
24 November 2022
Fleet Mortgages, the buy-to-let specialist lender, has today (24th November 2022) announced rate cuts across all five- and seven-year fixed-rate mortgages for both 65% and 75% LTV. From today, advise...
23 November 2022
Roma Finance, the lender less ordinary that #LovesToLend, achieved its record month, not only for new business but also redemptions in October during arguably, the most challenging economic time since...
23 November 2022
The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has today (23rd November 2022) announced the date and initial details of its 2023 Annual Conference which wil...
23 November 2022
Buckinghamshire Building Society have launched two new specialist 5-year fixed rate products. The first is specifically for shared ownership applicants and the second forms part of their later life le...
22 November 2022
Simon Webb, managing director of capital markets and finance at LiveMore, said: “Looking at the non-seasonally adjusted housing transactions, which are 2% lower in October than they were in September,...
22 November 2022
Richard Pike, Phoebus Software’s chief sales and marketing officer, says “The non-seasonally adjusted figures for residential transactions although higher than in October ’21 is starting to show the f...
21 November 2022
New research out today from Smart Money People, the UK’s dedicated financial services review site, has revealed that mortgage brokers have found it difficult to stay abreast of recent changes to lende...
21 November 2022
- Saffron Building Society reduces Stress Rate from 3% to 2% for new residential applicants. - The Bank of England removed the need for a Stress Rate in August 2022, Saffron is the first to publicly ...
21 November 2022
Aspen Bridging overcame major access issues to complete an auction purchase bridge in just 25 days, the resident betting shop proving no competition to the lender’s customer commitment. The terraced...
21 November 2022
Paradigm, the mortgage, protection and compliance services proposition, has today (21st November 2022) launched its fifth annual ‘Reverse Advent’ charity drive running throughout December, in aid of T...
21 November 2022
Mortgage veteran David Finlay has joined LiveMore Capital as an executive consultant and member of the senior executive team. Finlay has been brought in on a six-month contract to help LiveMore with ...
18 November 2022
United Trust Bank (UTB) has made two new appointments to its Property Development Originations team to increase its support of housebuilders and developers operating across the Midlands. Tirath Singh...
18 November 2022
Gary Bailey, Managing Director at Hope Capital, has announced his departure from the bridging finance lender. Prior to Bailey joining Hope Capital in January 2019, he spent one and a half years with ...
17 November 2022
SmartSearch, the provider of the UK’s leading digital compliance solution for anti-money laundering (AML) has promoted Tom Dockerty to the position of vice president of professional services sales. T...
17 November 2022
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a new five-year fixed mortgage product. The lender said it’s offering 7.10% on a five-year, fixed rate, standard buy...
17 November 2022
John Phillips, national operations director of Just Mortgages said: “The budget may seem like a non-event where the housing market was concerned with stamp duty and planning remaining the same. Howeve...
17 November 2022
Andrew Gething, managing director of MorganAsh said: “The chancellor made it very clear in advance that his statement will lead to “all of us” paying more tax. That is certainly the case as the measur...
17 November 2022
Following the release of their fixed rate limited edition buy to let products last week, Precise Mortgages, part of the OSB Group, has today launched new buy to let lifetime tracker products, availabl...
17 November 2022
Leading mortgage and protection broker, Access Financial Services, has grown broker numbers by 80% so far this year. This incredible statistic for the five-year-old firm, was released on Tuesday at wh...
17 November 2022
The Money Group (TMG) have become the latest industry giant to join Buckinghamshire Building Society's Platinum Partner Programme. The partnership was announced yesterday at TMG's Autumn Roadshow in ...
16 November 2022
The award-winning FinTech software, 360 Lifecycle and Alexander Hall, one of the top mortgage brokers in the UK, have launched electronic identity data verification (eIDV) and anti-money laundering (A...
16 November 2022
Atom bank and Phoebus Software Limited (PSL) have signed a new three-year contract. The digital bank, that revolutionised the mortgage market by pioneering the use of mobile applications to support it...
16 November 2022
Loan sizes offered to Buy to Let borrowers have plummeted in the last six months, as rising rates have pushed up stress tests and negated the benefit of stressing rental income at pay rate, which was ...
16 November 2022
Simon Webb, managing director of capital markets and finance at LiveMore, said: “The spiralling cost of energy and food are the main components of the high inflation we have today. What appears to be ...
16 November 2022
Selina Finance has enhanced its product offering, introducing its new Homeowner Loan and a Status 1 adverse plan alongside its existing flexible Home Equity Line of Credit ('HELOC') loan. The Selina...
15 November 2022
LiveMore Capital has returned to the mortgage sector having temporarily suspended its products due to the recent volatility in the UK currency and money markets. Now that conditions have settled down...
15 November 2022
Hampshire Trust Bank (HTB) has announced the appointment of Barney Iles as Lending Director within its development finance division. Barney brings over nine years’ experience in the property finance ...
15 November 2022
The Brightstar Group is holding a week of activities across Brightstar Financial and Sirius Property Finance to mark International Men’s Day on November 19th. The Group will also use International Me...
15 November 2022
MagiClick has been appointed by Precise Mortgages, (part of leading specialist bank OSB Group) to create and deliver a website designed to enhance and improve the whole digital experience for their bo...
15 November 2022
United Trust Bank (UTB) Structured Property Finance has provided a £3.76m sales period facility to the Nacropolis Group to complete a time sensitive off-market acquisition. Nacropolis is a successful...
15 November 2022
National brokerage Just Mortgages is set to welcome its biggest ever academy intake in November, with 23 applicants starting their journey to become fully qualified brokers. Traditionally, Just Mortg...
14 November 2022
Norton Broker Services and Spring Finance have worked together to complete a regulated re-bridge loan, moving quickly to overcome a complex exit strategy and release the funds in time to prevent legal...
14 November 2022
More than two out of every five (41%) established small and medium businesses (those with between 10 and 100 employees) across the UK expect to shut their doors permanently, be forced to conduct mass ...
14 November 2022
Vernon Building Society has launched its Head Start Mortgage to help buyers into a home of their own. The innovative product allows one or more family helpers to support a buyer in two ways – by putt...
14 November 2022
Loughborough Building Society has extended lending criteria across its residential, buy-to-let and shared ownership product range with the addition of flats to its list of acceptable properties. The ...
14 November 2022
Pepper Money has strengthened its Sales team with the recruitment of Purav Abbi as Regional Development Manager (RDM) for Surrey, Sussex and Hampshire. Purav has more than 16 years of experience in ...
14 November 2022
Regulated firms who use manual verification methods to verify and sanctions-check customers are burdening their businesses with unnecessary extra cost, an anti-money laundering (AML) expert has warned...
14 November 2022
The latest data from Knowledge Bank’s monthly criteria index has revealed that the speed and scope of criteria changes across mortgage product categories shows no signs of slowing down. During Octobe...
11 November 2022
“It is essential conveyancers can explain potential risks to clients and lenders as simply and clearly as possible, but there is still some concern about what they should do. These new tools will impr...
11 November 2022
Mortgage and protection broker, Access Financial Services (Access FS), is about to run its next academy to help bring new people into the mortgage industry. The next academy will start on November 28t...
11 November 2022
Richard Pike, Phoebus Software chief sales and marketing officer, says “Although on the face of it, today’s announcement of a 0.2% reduction in GDP from June to September isn’t good news, it is a bett...
10 November 2022
Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has completed its first bridging case in Northern Ireland. The case was introduced to Mercantile Trust by second charge mo...
10 November 2022
Richard Pike, Phoebus Software chief sales and marketing officer, says “Although the figures show very little change from the previous quarter the underlying number with more significant arrears is th...
10 November 2022
UTB Mortgages for Intermediaries has made its online DIP process available for all its Buy-to-Let (BTL) products, substantially enhancing the existing service and conversion benefits to brokers. Unti...
10 November 2022
360 Lifecycle recently integrated with the GBG group, a global leader in identity verification, introducing anti-money laundering (AML) and electronic identity data verification (eIDV) into their soft...
10 November 2022
Landbay has lowered rates on standard and HMO/MUFB buy-to-let mortgages and brought back green and trading company products. As the mortgage market begins to settle down after a few weeks of volatili...
09 November 2022
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has re-launched 5-year and 2-year fixed rate products across all ranges to complement the recently launched Lifetime Tracker products...
09 November 2022
Paragon Bank’s Development Finance division has made a series of promotions, including Daniel Cresswell to the position of Relationship Manager. Daniel has moved up to the role from Senior Portfoli...
09 November 2022
In the UK, Foresters Financial, the mutual financial services organisation, has achieved an outstanding claim pay-out rate of 99.99 per-cent for critical illness and income protection, with the help o...
09 November 2022
Following market feedback, Identitech have announced the launch of an exciting new feature to their platform. Businesses using the platform will now be able to ascertain their clients' Source of Weal...
09 November 2022
Following its launch in February, VAS Assurance’s Valuation Desktop+ has already hit two key milestones in completing over £200m worth of valuations across more than 300 properties. Lenders who have...
08 November 2022
Only 4% of people aged over 50 believe they would be able to take out a new mortgage, according to research undertaken by LiveMore. This drops to 2% for those over 80 and goes to show that age discri...
08 November 2022
Buy to Let affordability searches have risen by nearly a quarter in the last month as the average loan size offered by lenders has fallen, according to Mortgage Broker Tools (MBT). Data from the brok...
08 November 2022
United Trust Bank (UTB) has appointed experienced real estate finance professional Piragash Sivanesan as Director - Intermediaries, Property Finance to further develop relationships with brokers and d...
07 November 2022
Brokers say that more than a quarter of their landlord clients plan to sell properties as a result of the current Buy to Let environment, according to research by broker forum, cherryplc.co.uk. A su...
07 November 2022
Stonebridge, the national mortgage and insurance network, has today (7th November 2022) launched a further enhancement to its Compliance Operating Model which it says will mean further individual supp...
07 November 2022
Knowledge Bank has appointed Shane Chawatama as sales director, to spearhead the fintech firm’s exciting growth plans. Chawatama joins the digital criteria platform from multiple award-winning broker...
04 November 2022
Fraser Johns, Beard finance director said: “Against a backdrop of continued economic uncertainty, it’s positive to see momentum within the UK construction sector, with activity continuing to rise. Thi...
04 November 2022
Castle Trust Bank has relaunched its TermTen Buy to Let product to offer brokers and their clients greater choice and more certainty. The revamped TermTen now offers two arrangement fee options, givi...
03 November 2022
Andrew Gething, managing director of MorganAsh said: “Despite the recent political turmoil, the underlying trend is for interest rates to remain high and hence mortgage rates to rise. This rise is no ...
03 November 2022
John Phillips, national operations director at Just Mortgages said: “Given the current climate and the Bank of England’s mandate to keep inflation near 2 per-cent, many in the sector rightly predicted...
03 November 2022
Simon Webb, managing director of capital markets and finance at LiveMore said: “We were expecting a base rate rise of 0.75%, the biggest rise in 33 years, taking it to 3%, a rate last seen back in Nov...
03 November 2022
Richard Pike, Phoebus Software chief sales and marketing officer, says “Today’s increase may be the biggest single rise since 1989, but it was also the worst kept secret. It is, however, in line with ...
03 November 2022
Leading national broker firm Just Mortgages has reacted to feedback from its brokers that some lenders are reintroducing dual pricing after more than a decade of goodwill between brokers and lenders b...
02 November 2022
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has created a new surveyor role – Residential Property Assessor (RPAs). This is a position de...
02 November 2022
Buckinghamshire Building Society have re-entered the shared ownership market place with a new product and expended criteria. The 3 year discount rate product is available without a product fee for bo...
02 November 2022
We are pleased to announce that Rob Oliver will be joining Dudley Building Society on 1 November 2022 as Distribution Director. Rob will lead the Business Development, Intermediary Support and Underwr...
02 November 2022
MorganAsh, the leading support services provider, and Moneyhub, the market leading Open Finance, Open Data, and payments platform, are working together to strengthen the ability of firms to understand...
02 November 2022
Hampshire Trust Bank (HTB) has announced the appointment of Chris Daly as managing director of its specialist mortgages division. Chris was most recently head of origination, real estate finance at ...
02 November 2022
Pepper Money has launched an academy for brokers who want to work more effectively in the second charge mortgage market. The Pepper Academy will support brokers by providing training on the most ef...
01 November 2022
Castle Trust Bank has strengthened its Sales team with the recruitment of Barry Ireland as Regional Account Manager for the South West & Midlands. Barry joins from Apex Bridging where he managed rela...
01 November 2022
Hanley Economic Building Society has launched a trio of five-year fixed rate products up to 95% LTV. The first of these is a five-year fixed rate product with a headline rate of 5.85%, up to 95% LTV....
01 November 2022
Access Financial Services has launched a support campaign to give brokers the tools to fight back when estate agents put pressure on home buyers to use their in-house mortgage broker rather than letti...
01 November 2022
Central Trust and Mercantile Trust, the intermediary lending brands of the Norfolk Capital Group of Companies, have announced changes to their lending criteria. The maximum loan to value (LTV) the le...
01 November 2022
Rental portfolio acquired through company purchase Recognise Bank has financed the complex purchase of a portfolio of mixed buy-to-let properties with a £1.16 million Professional Buy-to-Let (PBTL) l...
01 November 2022
eConveyancer has launched a panel management partnership with In Partnership, which incorporates The On-Line Partnership Limited and The Whitechurch Network Limited Networks. In Partnership was found...
