Press releases for December 2024
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
30 December 2024
Biggest house price growth in Stoke-on-Trent, +17.2% in the 12 months to September 2024. Cost of a home fell most in Huddersfield (-6.6%) - after the area topped the house price growth table in 202...
23 December 2024
As the holiday season approaches, we want to take a moment to thank you for your continued support throughout the year. Wishing you and your loved ones a joyful and festive holiday season filled with...
23 December 2024
Are you ready to wrap-up 2024? Greenfield are finishing for the festive break today! As the festive season is upon us, the team at Greenfield Bridging is wrapping up an incredible year of collaborat...
23 December 2024
What a year it's been in the mortgage world. We wanted to take a moment to say thank you for your continued support, we really appreciate it. Sending the warmest of Christmas greetings and best wishe...
23 December 2024
Intermediaries share of mortgage business to rise to 89% Gross mortgage lending to increase 16% to £275bn Remortgaging to rise 13% to £88bn as affordability improves Buy-to-let lending to grow 14...
23 December 2024
Knightsbridge in London now the priciest UK street The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million East Road in Weybridge the most expensive addre...
20 December 2024
Housing market resilient despite ongoing affordability challenges. ● Activity levels in the housing market increased over the course of 2024. ● The pace of house price growth moved firmly into positi...
20 December 2024
Affordability the overriding theme of 2024 It’s fair to say there’s never a dull moment in the mortgage industry and 2024 has been no exception. While there was further recovery, with an easing of i...
19 December 2024
HSBC UK’s Mortgage Fraud CPD webinars Fraudsters haven't made New Year's resolutions! Register now for one of our HSBC UK Mortgage Fraud Prevention webinars, to help keep you and your customers prot...
19 December 2024
Simon Webb, managing director of capital markets and finance at LiveMore, commented: "No third time lucky this month for borrowers on SVRs, trackers or first-time-buyers hoping for a reduction in the ...
19 December 2024
Richard Pike, chief sales and marketing officer at Phoebus, said: “No surprises on today’s Base Rate decision. November’s inflation figure was higher again, as anticipated, and the Bank of England’s c...
19 December 2024
Ben Allkins, head of mortgages and protection at Just Mortgages, said: “It’s safe to say today’s decision was widely expected and I think even the most avid supporter for rate cuts would say it’s prob...
19 December 2024
"The Bank of England's Monetary Policy Committee (MPC) has played Scrooge this Christmas, refusing to deliver the gift of a rate cut for borrowers. However, that shouldn’t come as a surprise. While in...
19 December 2024
Melanie Spencer, sales and growth lead at Target Group, said: “A hold was always the expected outcome of this latest meeting, especially given the recent news on inflation. While the uncertain outlook...
19 December 2024
Leading adviser tech provider Twenty7tec has crunched the numbers from the past five years to give insight into when advisers are most busy and what support customers expect at certain times of the ye...
19 December 2024
Leading Insurtech, Uinsure, has announced a new partnership with Suffolk Building Society, further strengthening its position in the UK’s financial services market. The partnership rounds off a memor...
19 December 2024
Rosemount Financial Solutions (IFA), the mortgage, protection and financial planning network, has announced the agenda for its 2025 Annual Conference. The conference will be taking place on 17th Janu...
19 December 2024
Tom Renwick, Head of Business Banking, Atom bank: “2024 has undeniably been a challenging year, but there are reasons for optimism about the state of 2025 and beyond for the commercial real estate (C...
19 December 2024
Swansea Building Society is celebrating the conclusion of its remarkable three-year partnership with cancer charity Maggie’s, during which it served as the Society's official staff charity. During thi...
18 December 2024
Interest rate decision days Twenty7tec looked at how the Bank of England decision days affect the mortgage search activity. In raw terms, interest rate decision days are 5.23% busier than the averag...
18 December 2024
UK housing market beat expectations in 2024, with recovery supported by lower mortgage rates and strong wage growth Property prices hit a record high of £298,083 following annual growth of +4.8%...
18 December 2024
Alex Upton, Managing Director, Specialist Mortgages & Bridging, Hampshire Trust Bank: “The rental market remains under intense pressure, with demand significantly outpacing supply. Recent figures fro...
18 December 2024
Richard Harrison, Head of Mortgages at Atom bank, comments: "Although a second consecutive rise in inflation means we are unlikely to see the Bank of England reduce the base rate tomorrow, the market...
18 December 2024
The Brightstar Group is delighted to announce that it has been re-certified as a carbon neutral business, achieving the 2030 target 6 years early. The Brightstar Group, which includes Brightstar Fina...
18 December 2024
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Inflation has crept up from 1.7% in September to 2.3% in October and reached 2.6% in November. This latest rise i...
18 December 2024
Richard Pike, chief sales and marketing officer at Phoebus Software, commented: “Although expected, this rise probably means any residual hopes in the industry of a drop in the Bank Rate tomorrow can...
18 December 2024
Nick Hale, CEO of Movera, commented: “There is little festive cheer in today’s figure which marks the second consecutive month that inflation has risen. Driven by higher energy costs and services inf...
18 December 2024
Martyn Smith, Managing Director at Black & White Bridging, commented: "Unfortunately, inflation seems determined to leave the economy anything but ‘merry and bright’ this Christmas. CPIH has climbed ...
18 December 2024
Fraud is now so prevalent within business that it is endemic and the level of sophistication such that scammers are even impersonating the regulator! A survey of 200 professional credit managers who...
18 December 2024
...However, 96% say specialist customers are also more likely to use them again. According to research carried out for United Trust Bank Mortgages new white paper, 91% of brokers are spending a lot m...
18 December 2024
Economic Update with Chief Economist, Robert Gardner Watch recording We recently held our latest Economic Update event with Nationwide's Chief Economist, Robert Gardner. If you were able to join th...
17 December 2024
Sirius Finance has completed an £8m revolving credit facility to fund the refinancing of a portfolio of commercial and mixed-use assets and provide liquidity for future opportunities. The loan, secur...
17 December 2024
Atom bank, the UK’s highest rated bank on Trustpilot, has strengthened its relationship with an existing care home provider customer, delivering a £1.3 million commercial mortgage to enable them to pu...
17 December 2024
By the end of 2024, LiveMore, the mortgage lender for people aged 50 to 90 plus, estimates that it will have generated year-on-year growth of 300% in revenue and 100% in lending. It has been a signif...
17 December 2024
Firms that are falsely using GDPR as a ‘scapegoat’ for non-compliance with Consumer Duty are risking severe action from the regulator, MorganAsh warns. The support services provider and customer vuln...
17 December 2024
Here are some details about our current service levels and some tips to help us process your clients' applications efficiently. Our intermediaries homepage is updated with our service levels weekly. ...
16 December 2024
With effect from Tuesday 17th December, we’ll be making changes across our residential and Buy to Let (BTL) mortgage product ranges. Please click here to see the changes. HSBC UK For Intermediary u...
16 December 2024
Nick Hale, CEO of Movera: comment on UK Finance Mortgage Market Forecasts 2025-2026 “The UK Finance mortgage market forecasts for 2025-2026 provide a positive view of improving conditions across much...
16 December 2024
Richard Pike, chief sales and marketing officer at Phoebus, said: “Mortgage arrears levels are heading in the right direction, down three percent this year with a five per cent drop forecast for next ...
16 December 2024
The former Managing Director of the National Association of Commercial Finance Brokers (NACFB) has joined Fiducia Commercial Network. Fiducia Commercial Network has today (Monday 16th December) confi...
16 December 2024
Hampshire Trust Bank (HTB) has strengthened its Bridging team with the appointment of Daniel Smith as Business Development Manager (BDM) for the Anglia and Midlands region. Daniel brings extensive e...
16 December 2024
Bluestone Mortgages announces criteria and system updates aimed at streamlining the mortgage application process. These key changes have been made to speed up the customer journey and provide brokers ...
16 December 2024
Simplybiz Mortgages has announced the appointment of Penrith Building Society to its lender panel. The partnership with Penrith is the latest in a series of big-name additions to the Simplybiz Mortgag...
13 December 2024
Key highlights include: All current 2 year discounted rates have reduced 95% LTV fixed rates reduced, now starting from 5.14% SVR reduced from 8.19% to 7.99% BTL & Holiday Let individuals & Ltd ...
13 December 2024
Richard Pike, chief sales and marketing officer at Phoebus, said: “I have yet to meet a single person in our industry who believes that we will hit the housebuilding target of 1.5 million homes over t...
12 December 2024
Swansea Building Society has donated £3,000 to foodbanks across South Wales this Christmas, in a move to support individuals and families facing significant financial pressures due to the ongoing cost...
12 December 2024
Almost a quarter of landlords accessing loans through a specialist business bank already have energy-efficient properties. Residential and commercial portfolio owners with assets falling in the A-C ...
12 December 2024
Vida Homeloans, the specialist lender, has made reductions across their entire product range, enhanced their Buy to Let criteria, and have streamlined their broker application experience. The latest ...
12 December 2024
United Trust Bank (UTB), a leading UK specialist bank, has announced that an agreement has been reached between its majority shareholders and Warburg Pincus, the pioneer of private equity global growt...
12 December 2024
‘Buy to Let by Foundation’, the buy to let brand of specialist lender, Foundation Home Loans, has today (12th December 2024) lowered pricing by up to 30 basis points on a range of Fixed Rate Specials....
12 December 2024
New Defaqto research reveals trends in the blend of robo-advice and human interaction, and the leading propositions which advice firms can white label With an ageing population and rising costs of li...
12 December 2024
Andrew Gething, managing director of MorganAsh, said: “The FCA’s review into 180 Consumer Duty board reports is yet another reminder of the crucial role that good-quality data plays in meeting the FCA...
12 December 2024
Most landlords who voted Labour wouldn’t do it again, a new survey from buy-to-lender Landbay has found. The landlord survey revealed that 80% of those who voted Labour wouldn’t vote the same way aga...
12 December 2024
We’re making the following rate reductions on Thursday 12 December. Purchase rates with £995 fee 65% LTV 2 Year Fixed Rate will be reduced by 0.16%, to 4.37%. 75% LTV 2 Year Fixed Rate will be r...
12 December 2024
Dudley Building Society has announced its strategic partnership with White Rose Finance Group, having been added to its lender panel. Through White Rose Finance Group’s extensive network, which inclu...
12 December 2024
Loughborough Building Society has announced a criteria change to its lending in retirement proposition which will allow borrowers to raise capital in order to bolster their savings pot. Cases will co...
12 December 2024
LiveMore, the mortgage lender for people aged 50 to 90 plus, has reduced rates across all its 200 plus mortgages, spanning standard, retirement interest-only (RIO) and lifetime (equity release). The ...
11 December 2024
The new location will be home to operations functions including customer service. New specialist lender Afin Bank has created its Centre of Excellence, an office in the heart of Birmingham, that wil...
11 December 2024
UTB Mortgages’ new white paper reveals broker views on the specialist BTL mortgage market According to research carried out for United Trust Bank Mortgages new white paper, 58% of brokers operating i...
11 December 2024
Rate reductions on two-year and five-year fixed buy-to-let mortgages A variety of fee options including 3%, 5%, nil and £3,995 Available for purchase and remortgage up to 75% loan-to-value Pa...
11 December 2024
Accord Mortgages is cutting rates this week for the second time in a month, demonstrating its ongoing support for both residential borrowers and landlords. The changes come into effect from tomorrow ...
11 December 2024
Homebuying is taking over three times longer than buyers expect, a major new survey has revealed. What is more, the expectations and reality of completion times varies significantly by age group and ...
11 December 2024
Norton Broker Services, a leading specialist finance packager and master broker, has successfully completed a re-bridging loan valued at £342,000 to assist a couple navigating a challenging property r...
10 December 2024
Twenty7tec, the leading adviser tech provider, has announced mortgage market statistics for November 2024 as follows: In November 2024, compared to October 2024: Purchase mortgage searches were do...
10 December 2024
Fleet Mortgages, the buy-to-let specialist lender, has today (10th December 2024) reduced rates by 15 basis points on both its standard/limited company 75% LTV five-year fixes and EPC A-C variations. ...
10 December 2024
Join our economic update live event at 11.30am today Don't forget to join us live today at 11.30am for our online event featuring Nationwide's Chief Economist, Robert Gardner. He will be sharing his...
10 December 2024
A rising star at Redwood Bank has celebrated her seventh anniversary with the organisation and the successful end of her second year as its People Partner. Tara Procter joined Redwood back in 2017, ...
10 December 2024
Specialist lender Black & White Bridging has supported the creation of 1,000 new homes across the UK. Through its range of tailored short-term finance solutions—including residential, commercial, refu...
10 December 2024
Uinsure has announced Ross Tyler’s promotion to Chief Technology Officer (CTO) in a move that further strengthens the insurtech’s c-suite following an impressive year of growth. Tyler joined the busi...
10 December 2024
StreamBank has completed its fastest deal in Scotland to date, delivering a £225K regulated bridging loan in just 15 working days. The funding was secured against the borrower’s current residence in ...
10 December 2024
Atom bank, the UK’s highest rated bank on Trustpilot, has rescued a transaction from collapse after providing a residential mortgage within just five days. The case was brought to Atom bank after a h...
10 December 2024
Hanley Economic Building Society has strengthened its residential and retirement interest-only (RIO) mortgage ranges through the introduction of four new products. The Society has further enhanced it...
09 December 2024
Click the links below to view each regions report: Q3 2024 Reports by region: East of England East Midlands Central London Outer London North East England North West England South East England South...
09 December 2024
Precise, part of the OSB Group, has launched new limited edition products which include rate reductions to help brokers support customers with greater choice and flexibility around affordability chall...
06 December 2024
What’s new? From Tuesday 10 December, we will be using a property’s Energy Performance Certificate (EPC) rating in our affordability calculations. We are now able to better reflect the impact of hom...
06 December 2024
Newcastle for Intermediaries has introduced a new range of products to provide brokers with additional options for clients looking to increase their house buying purchasing power. The lender’s Afford...
06 December 2024
Precise, part of the OSB Group, has launched new limited edition products which include rate reductions to help brokers support customers with greater choice and flexibility around affordability chall...
06 December 2024
Swansea Building Society has added 13 new employees to its growing team so far in 2024, strengthening its commitment to providing customer-focused services across South Wales and England. This expansi...
06 December 2024
Average house price rises to hit record high House prices increased by +1.3% in November, a fifth consecutive monthly increase Property prices are up +4.8% on an annual basis (vs +4.0% last mont...
05 December 2024
The Halifax House Price Index for November 2024 will be issued via press release at 0700 hrs on Friday 6th December 2024.
05 December 2024
Due to a significant increase in applications, and in an effort to protect our service levels, we are withdrawing the following product today: Prime 90 5-Year Fixed Rate 4.99% [F962] To secure this p...
05 December 2024
NatWest is set to implement changes effective tomorrow (6th December) for its New Business, Existing Customer, and Additional Borrowing (ADBO) product ranges, alongside updated end dates. The end dat...
05 December 2024
Buy-to-let lender Landbay has announced another round of rate reductions, with rates cut by up to 0.20% across its standard two-year and five-year fixed rate products. The full 0.20% reduction has be...
05 December 2024
UTB Mortgages’ new white paper reveals broker views and drivers behind growth in the specialist mortgage market United Trust Bank Mortgages has published its new white paper looking at the health of ...
05 December 2024
Atom bank, the UK’s highest rated bank on Trustpilot, has reduced rates across its Prime residential mortgage range. The reductions mean that Atom bank will be able to deliver greater support to pote...
05 December 2024
Rent and mortgage spending grew 8.2 per cent year-on-year in November, as more homeowners rolled off fixed-rate mortgages onto higher interest rates Brits are looking to improve their home’s energy...
05 December 2024
The latest Pepper Money Specialist Lending Study has revealed that 13% of people would consider a Second Charge mortgage to pay for education, in London this number rises to 23%. According to the r...
04 December 2024
Accord Mortgages is offering a helping hand to a variety of borrower types this week, as the intermediary-only lender refreshes both its residential and buy-to-let ranges, introducing some competitive...
04 December 2024
Atom bank has been named the Best Bank in the Smart Money People Mortgage Lender Benchmark for the third consecutive survey. In the latest survey, covering H2 of 2024, Atom bank topped the Bank categ...
04 December 2024
When a bridging lender dropped a developer’s advanced refinance plans out of the blue, Aspen stepped in to rescue the project with a £1,424,500 Residential loan which it completed in just six weeks. ...
04 December 2024
Nearly six in ten (57%) of new lifetime mortgage applications in H1 2024 came from married couples, according to findings from lender Pure Retirement as part of new research paper launched today, The ...
04 December 2024
The Cherry Financial Services Forum is shining a spotlight on the pressing issues shaping the financial services industry in 2024 through a compelling Financial Times podcast. Featuring Silas J. Lees...
04 December 2024
LHV Bank has announced the completion of a £7.4m refinancing facility for a highly successful and long-established property investment and development group. The transaction involved refinancing a pa...
04 December 2024
Dudley Building Society has announced the launch of a new range of two-year fixed rate mortgage products, effective today, 4th December 2024. Designed to cater to residential, expat, and Buy-to-Let (...
04 December 2024
Just Mortgages, one of the UK’s largest mortgage brokerages, has announced the promotion of experienced compliance specialist Colin Robson to the role of senior regional quality manager. The new role...
04 December 2024
The Financial Intermediary & Broker Association (FIBA), part of Simplybiz, has announced the addition of Market Harborough Building Society (MHBS) to its lender panel. The relationship will offer FIB...
03 December 2024
Broker Conveyancing, the broker-focused conveyancing distributor, has today (3rd December 2024) announced it will not be passing on the forthcoming increase in HM Land Registry information services fe...
03 December 2024
Hampshire Trust Bank (HTB) has successfully completed a £10.92 million development finance facility to support the construction of a 202-bed purpose-built student accommodation (PBSA) scheme in Stoke-...
03 December 2024
‘Buy to Let by Foundation’, the buy to let brand of specialist lender, Foundation Home Loans, has today (3rd December 2024) launched a new Fee Assisted Limited Edition product. Available in its F1 - ...
03 December 2024
OMS has announced a new integration with Lopay which offers access to a low-fee payment solution that enhances payment flexibility and provides greater financial control for intermediary firms. Lop...
03 December 2024
In a year of more change for the Private Rented Sector, one driver remains true - Brits continue to see homeownership as an ultimate life goal. With three-quarters (74%) aspiring to buy their own home...
03 December 2024
Rosemount Financial Solutions (IFA), the mortgage, protection and financial planning network, has bolstered its ranks with a series of new hires aimed at delivering a higher standard of technical supp...
03 December 2024
Smart Money People, the UK’s most comprehensive financial services review site, has released its H2 2024 Mortgage Lender Benchmark covering mortgage broker opinions on UK mortgage lenders for the seco...
03 December 2024
Buy-to-let lender Landbay has strengthened its product offering with the launch of a new limited edition range of remortgage products. The new launch sees no less than eight new remortgage products j...
03 December 2024
ONP Solicitors opens new Cardiff office to serve clients in Wales and South West Conveyancing firm ONP Solicitors, part of leading home moving group Movera, is set to open its first office in Cardiff...
03 December 2024
The following products launch Tuesday 3 December: Exclusive Purchase & Remortgage – Retrofit Boost with £7,000 cashback NEW 75% LTV 5 Year Fixed Rate fee-saver will be launched at 5.03%. NEW 85% ...
02 December 2024
With effect from Tuesday 3rd December, we’ll be making changes across our residential and Buy to Let (BTL) mortgage product ranges. Please download the file below to see the changes:
02 December 2024
New five-year fixed-rate buy-to-let mortgages with 5%, 3% and nil fee options Available for purchase and remortgage up to 65% loan-to-value Available for individual and limited company applicatio...
02 December 2024
The Intermediary Mortgage Lenders Association (IMLA) is delighted to learn of the appointment of Stephanie Charman as the new chief executive of the Association of Mortgage Intermediaries (AMI). Char...
02 December 2024
A client, who bought two student flats he wished to renovate before letting them out, was unable to fund the renovation and had used up every available traditional source of borrowing. His broker the...
02 December 2024
Norton Broker Services has announced its addition to the finova Payment & Mortgage Services’ (fPMS) lending panel as a preferred packager, effective 2nd December 2024. This strategic partnership will...
02 December 2024
Sirius Finance has completed a multi-million-pound deal to fund the purchase of a new pub in Sussex and restructure the Group finances of Barons Pub Company as part of the process. The deal enabled B...
