Press releases for December 2022
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22 December 2022
The latest data from Knowledge Bank’s monthly criteria index has revealed that the year looks set to end as it started with continuing criteria changes across the whole range of product categories. ...
22 December 2022
Brightstar Financial has announced the launch of its 2023 Specialist Lending Expo. The Specialist Lending Expo takes place online on Wednesday 25th January. It will be a ‘no sales zone’ and will fea...
21 December 2022
Richard Pike, chief sales and marketing officer at Phoebus Software, says “The latest non-seasonally adjusted figures from HMRC may be a little surprising given that many reports recently have been of...
21 December 2022
Karl Wilkinson, CEO at Access Financial Services said: “It was a pleasant surprise to see a small upswing in housing transactions this morning despite cost-of-living fears, energy cost concerns, and ...
21 December 2022
Stonebridge, the national mortgage and insurance network, has today (21st December 2022) announced the appointment of a new Business Development Manager (BDM) responsible for its member firms in the S...
21 December 2022
Criminal gangs will continue to launder money in the UK as long as regulated firms insist on trusting manual verification checks, an anti-money laundering expert has warned. A comprehensive, cross-se...
20 December 2022
Central Trust, the first and second charge lender, has today (20 December 2022) introduced the use of Automated Valuation Model (AVM) technology to its Consumer Buy-to-let (CBTL), Let to Buy and Famil...
20 December 2022
Christmas is coming and, for some of the UK’s over-50s, the goose is still getting fat. Inflation may be driving up the prices of food and fuel, but a surprising quarter of Britain’s 50-90 year-olds ...
19 December 2022
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a new range of five-year, fixed mortgage products. The lender said that it is offering 6.14% on a five-year, fixed-r...
19 December 2022
A third of people with adverse credit say the level of their unsecured debt has increased in the last 12 months according to the latest Pepper Money Specialist Lending Study. The specialist mortgage...
16 December 2022
Mortgage Broker Tools has been named the Best Affordability Tool Provider in the latest Mortgage Lender Benchmark by Smart Money People. This is the sixth consecutive occasion that MBT has won the a...
16 December 2022
The Envelop Network has introduced a later life lending panel which includes ten leading providers. The introduction of this lending panel will provide new and existing appointed representatives (ARs...
15 December 2022
Karl Wilkinson, CEO at Access Financial Services said: “I’m sure the focus will be on the fact that this is a ninth successive interest rate increase but, there are reasons to be positive. “It is en...
15 December 2022
John Phillips, national operations director at Just Mortgages said: “This was perhaps the least surprising rise in the past few months as it follows a half percent rise by both the US and some of our ...
15 December 2022
Richard Pike, chief sales and marketing officer at Phoebus Software, says “Another rate rise from the Bank of England today was not unexpected. However, global interest rates are rising, so it’s a str...
15 December 2022
Andrew Gething, managing director of MorganAsh said: “Today’s decision by the MPC confirmed what many in financial services expected and had in fact already priced into fixed rates. It also hints that...
15 December 2022
Paul Brett, managing director, intermediaries at Landbay, said: “Base rate started to go up a year ago, kicking off the first of nine increases in a row in an effort to curb rising inflation, rising f...
15 December 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “The last time the base rate was 3.5% was almost two decades ago in July 2003. The impact of the ninth consecutive ...
15 December 2022
The FCA is beginning to “flex its muscles” with notices issued to firms needing more data on vulnerability - a Consumer Duty expert has warned. The regulator has started to use its Section 165 powers...
15 December 2022
Leading mortgage and protection broker, Access Financial Services, has launched a free will writing service. This initiative will enable Access’ advisers to attract more clients in this challenging e...
15 December 2022
Suros Capital, the short term lender, is reporting increasing interest from intermediaries for its luxury asset secured lending, with leading brokers of HNW clients recognising where the Suros proposi...
14 December 2022
Second charge lending dropped for the fourth month to £135.5 million in November 2022, figures reported directly to Loans Warehouse from second charge lenders confirm. Yet, despite the reduction in l...
14 December 2022
When researching which to join it is very easy to have tunnel vision and just collect the information on what is most important to you. However, there are several factors you must consider, question, ...
14 December 2022
Evolution Money, the second-charge lending specialist, has today (14th December 2022) revealed the latest results from its quarterly data tracker, which reviews borrower types, average mortgage sizes,...
14 December 2022
“Let’s hope this slight fall becomes a trend and an indication, as some analysts are saying, that inflation has peaked. “However, even if this is the case, we must also remember that prices will cont...
14 December 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Inflation fell in November to 10.7% from 11.1% with the drop in fuel prices being a contributory factor. However, ...
14 December 2022
My Legal Club has extended its “Express Remortgage” service for mortgage brokers with the addition of Holden Smith Law Solicitors, a highly rated solicitors’ practice on Trustpilot with four offices a...
14 December 2022
Just Wealth, the financial services arm of national brokerage Just Mortgages, has added the award-winning 7IM platform to its range of investment platforms. The new platform gives Just Wealth’s growi...
14 December 2022
LiveMore has reduced the interest rates across the whole of its product portfolio by at least 106 basis points with rates now starting from 6.69%. The reductions apply to both interest-only mortgages...
12 December 2022
Tower Street Finance is an FCA regulated provider of innovative products for the probate lending sector. Founded in 2019, we help both customers and practitioners who need financial solutions when the...
12 December 2022
John Phillips, national operations director at Just Mortgages said ”As i read through the Mortgage Market forecast for 2023 from UK Finance there was a certain amount of pessimism with a prediction of...
12 December 2022
An experienced developer left facing substantial fines following the late withdrawal of a buy-to-let mortgage offer has been saved by a £5.1m gross Development Exit loan from Aspen Bridging. The cli...
12 December 2022
As part of its growth plans, LiveMore has welcomed three new business development managers to its sales team. Darren Cunliffe has been appointed to look after the North West, Brian Sanford is coverin...
12 December 2022
Tandem Bank has today launched a remortgage portfolio of products, exclusively through the intermediary sector, backed by a unique process designed to cut the time taken to complete cases. The produc...
12 December 2022
Zephyr Homeloans has published a set of guidelines and tips for advisers to help their landlord clients organising tenancies. Developed in conjunction with The Deposit Protection Service (The DPS), t...
09 December 2022
which is available for both purchase and remortgage cases for properties across England and Wales. Key features include: Fixed until 28th February 2025 Maximum loan to value (LTV) of 75% Loans f...
09 December 2022
“It is hard to believe a financial institution of Santander’s stature would not have the proper processes in place. While it is positive to see that changes have been made since their 2012-17 failings...
08 December 2022
Richard Pike, Phoebus Software chief sales and marketing officer, says “Although the data in the latest UK Finance household spending review is from Q3, it does give us a more overarching picture of t...
08 December 2022
UTB Mortgages for Intermediaries has followed up introducing its online DIP process for Buy-to-Let (BTL) products by launching a new ‘limited edition’ BTL 5-year fixed rate mortgage at 6.19% with a 4%...
08 December 2022
Aspen Bridging is nearing the end of a record-breaking calendar year with the completion of £30m of lending across 30 deals in the last two full trading months. With the largest loan size being £5.1...
08 December 2022
Impact Specialist Finance, the leading specialist packager and distributor, has launched a brand-new ExPat mortgage product with Dudley Building Society. This product is only available through a selec...
08 December 2022
(December, 2022) Allica Bank has seen £65m of instant commercial mortgage decision-in-principle applications since launching its new automated application tool at the start of November. The instant...
07 December 2022
United Trust Bank (UTB) is supporting the construction of a new, £15m Purpose Built Student Accomodation (PBSA) development by ACE Student Living. The prestigious scheme in the centre of Exeter, Devo...
07 December 2022
Castle Trust Bank has revamped its Bridging range, introducing a number of new enhancements including the ability for fees and interest to be added to the loan above the maximum Net LTVs. The special...
07 December 2022
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has reduced its rates across all 5-year and 2-year fixed rate buy-to-let (BTL) mortgages by up to 0.50%. A 0.45% reduction has been ...
07 December 2022
New research out today from Smart Money People, the UK’s dedicated financial services review site, has found that broker satisfaction with UK mortgage lenders has fallen to the lowest level recorded o...
06 December 2022
RegTech and lead generation expert Contact State has become the latest firm to join the Equity Release Council - the industry body for the UK equity release sector – that represents, promotes, and set...
06 December 2022
LiveMore Capital is expanding its product range with the launch of its first ever Capital & Interest (C&I) mortgage for borrowers aged 50 to 85. The lender entered the market just over two years ago ...
06 December 2022
National brokerage Just Mortgages has announced that it has been awarded the defence Employer Recognition Scheme Bronze award. The Defence Employer Recognition Scheme encourages employers to support ...
06 December 2022
Landbay has launched a Special Edition limited range of five-year fixed rate buy-to-let mortgages with rates starting from 4.89% going up to 5.49%. These highly competitive rates are available for a ...
06 December 2022
More than three quarters of self-employed people are concerned about their prospects of getting a mortgage, according to the latest Pepper Money Specialist Lending Study. The specialist mortgage len...
06 December 2022
Atec Group has partnered with MoneySuperMarket to offer their industry leading direct-to-consumer boat insurance comparison service through its consumer brand InsureMy. Available at https://www.money...
05 December 2022
The Right Mortgage & Protection Network have launched further support for members following the ongoing demands of the FCA’s Consumer Duty requirements. The ongoing deadlines continue to be at the for...
05 December 2022
Knowledge Bank, the UK’s largest criteria search system has unveiled two new search options in response to changing market conditions enabling brokers to establish which lenders offer product flexibil...
05 December 2022
LONDON, 05 DEC 2022 – Allica Bank, the leading fintech SME challenger bank, has announced a £100 million Series C funding round led by global growth technology investor, TCV, with participation from e...
05 December 2022
Tandem Bank’s Mortgage Division launches its first comprehensive, broker based first charge product portfolio next week for remortgages and unencumbered property. With Roger Morris now at the helm as...
02 December 2022
Nick Simmons is launching a new mortgage brokerage, The Finance Company (“TFC”) alongside Magnus Duke Dadzie. Simmons will become the managing director of the firm, which is backed by serial entrepren...
02 December 2022
BuildLoan has increased its range of self and custom build mortgages with the launch of two products funded by Furness Building Society. The new deals offer loans up to £1m and up to five times the ap...
02 December 2022
02 December 2022: Acre, the one-click mortgage intermediaries platform, today announces that Cornerstone Finance is the latest big broker to go live with its platform to manage its entire mortgage pro...
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...
