Santander for Intermediaries has added three new business development managers to its team. Kelly Mortiboys has been at Santander for six years and will now take up the role of supporting brokers in the East Midlands. Chantelle Williams has been appointed to cover the North West region and previously worked within the retail and private […]
Coventry for Intermediaries has launched new flexx for term buy-to-let mortgages at 50-75 per cent LTV. The range includes a 1.82 per cent rate with a £1,999 fee and a 2.25 per cent ratewith a £999 fee, both at 50 per cent LTV. Neither option has any early repayment charges. Coventry for Intermediaries director of […]
My alarm goes off at… …6.15am, if — on the rare occasion — one of my five children (or my body clock) fails to beat the alarm to it…. I can’t leave the house without… …my Fitbit. ‘Wow! This guy is a real inspiration,’ I hear you say. ‘Focused on clocking up 20,000 steps in […]
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Brokers will be able to talk directly to senior underwriters about more complex equity release cases, under a new initiative by specialist lender, More 2 Life. The equity release provider says it is making changes following feedback from brokers, and hopes this new system will lead to a more efficient and simpler application process. More […]
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Nationwide Building Society has launched a lifetime mortgage, making it the only current high street lender to operate in this market. The lender says the move is designed to help the UK’s changing and ageing population. A Nationwide statement says: “Those over 55 have up to £1.8tn of property wealth and the launch of the […]
House prices in Scotland are rising faster than the rest of the UK, with annual growth of 5.6 per cent, according to estate agent’s Your Move. Their Scotland House Price Index, compiled with Acadata, says a lack of supply is helped drive prices upwards in September, with a monthly increase of 1.4 per cent. This […]
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Speculation is rising that next week’s Budget may contain a number of measures designed to boost a struggling housing market. The Chancellor will deliver his first Autumn Budget next week. Although the contents remain under wraps, many industry experts are expecting announcements to boost house-building, as well as “targeted” changes to stamp duty land tax. […]
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Dudley Building Society is one of the few lenders not passing on the recent Bank of England base rate rise to its mortgage customers. The building society said both its standard variable rate, and other mortgage products would be kept on hold. The only exception to this is the building society’s tracker rate deals. Dudley […]
The FCA will continue its programme of meetings with mortgage brokers in 2018, it has announced. The regulator says it will extend its Q&A Live & Local roundtables for mortgage brokers from January to May next year. Each monthly event will have an FCA representative and an industry expert. The regulator will visit each region […]
Intrepid Mole, digging up the stories behind the news Street wise? Many of you are aware that the FCA is moving its existing Canary Wharf headquarters out of central London, to Stratford in the east. However, Mole hears that some of the regulator’s more sensitive souls are worried about “knife crime and gangs” in the […]