Mortgage Finance Gazette
Mortgage Finance Gazette –. Blog: We all have a role to play in ‘greening’ the UK housing market. Zoopla reveals third of homes for sale are ‘chain-free’. Rayner moots ending Right to Buy on new social homes: Report. House prices hit record high in October rising 3.9%: Halifax HPI. Rent and mortgage spending growth hits 13-month high ...
Ten of the biggest fraud and money laundering scandals from the …
Jan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary people as well as businesses and the government.
Mortgage Brain rolls out Affordability Hub
May 12, 2020 · A new affordability-based sourcing solution is being rolled out by Mortgage Brain following a successful pilot. It is called Affordability Hub and covers the three main elements needed when sourcing the most appropriate mortgage – the availability of products, criteria and affordability. Affordability Hub ensures that intermediaries can use ...
Rethinking mortgage product innovation
Apr 11, 2019 · In conclusion, there is plenty of room for innovation in the mortgage product range. Focusing on the homebuying process as a life event, rather than the mortgage as a product sale is the central tenet. Supporting this, improving the customer experience at an expensive and stressful time by making the process slick and intuitive will be welcomed.
Leasehold issues for lenders: Forfeiture and disclaimer of leases
Mar 15, 2018 · The overall growth in leasehold ownership is resulting in lenders increasingly finding themselves having to grapple with issues affecting their leasehold securities – both in connection with shared ownership and conventional long leasehold properties. Risk of forfeiture Where a borrower defaults on monies due under the lease (usually service ...
Halifax Intermediaries debuts sub 4% loan, cuts resi rates by up to ...
Feb 14, 2023 · And a 10-year purchase fixed-rate repayment and interest-only offer at up to 75% LTV, with a £999 fee, at 4.04%, also down by 36bps. Minimum loan £25,000, Maximum loan £1m. Halifax Intermediaries and Scottish Widows Bank head Amanda Bryden says: “On 15 February, we’re making cuts of up to 36bps across our fixed-rate homebuyer mortgage range.
Santander for Intermediaries to loosen all resi, most BTL …
Dec 13, 2022 · It adds that full mortgage applications submitted from 6am on 14 December, or where a material change is made to a full mortgage application submitted before 10pm on 13 December, will be assessed using is updated lending policy.
Open banking tech set to revolutionise mortgage affordability
Apr 15, 2019 · The 12 banks are: Barclays, Coventry Building Society, Accord Mortgages, Platform Mortgages (The Co-Operative Bank), Leeds Building Society, The Family Building Society, Aldermore, The West Bromwich, Clydesdale Bank, Skipton Building Society, Natwest and TSB. Once the additional lenders are added in the summer, this will take the average ...
MFG awards Archives - Mortgage Finance Gazette
MFG Supplier Awards 2023 launched. The inaugural Mortgage Finance Gazette Supplier Awards are now open for entry. The Mortgage Finance Gazette Awards began in 1999 to celebrate innovation and the achievements of lenders and suppliers within the mortgage industry. They have since evolved, with the creation of the Mortgage Finance Gazette Rated ...
Mortgage clubs: Keeping ahead of the tech and value curve
Jun 12, 2019 · In 2018, Legal & General Mortgage Club saw lending through regional building societies rise 17% year-on-year, contributing £1 in every £10 lent through the club. Eight new building societies were added to the club’s panel over the course of the year, taking the number of mutuals to 31, and this number has since risen.