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Mortgage lending up 13% in April: UK Finance

The mortgage market experienced a strong April, according to the latest figures from UK Finance, with approvals and total lending up year-on-year. A gross of £20.4bn in lending was completed in April the trade body said, a rise of 13.3 per cent from the same month a year earlier. Approvals, meanwhile, were up 11 per […]

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Principality confirms details of new Help to Buy loan

Principality Building Society has confirmed details of its new Help to Buy loan, which for the first time will cover those buying in England. This loan, which is only available through intermediaries will be available to both first-time and next-time buyers. The Society is offering a five-year fixed rate loan with an August 2023 end […]

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Magellan Homeloans joins Connect for Intermediaries’ panel

 Specialist lender Magellan Homeloans has partnered with Connect for Intermediaries and will join both its packager and network panel. Magellan specialises in loans for borrowers who struggle to obtain a high street mortgage. This will include those who are recently self-employed, borrowers with a poor credit score, those with affordability restrictions as well as those […]

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Majority of brokers experience problems with free legals: AMI

More than eight out of 10 brokers have condemned the service standards provided by the “free” legal firms offered by lenders. The survey, by the Association of Mortgage Intermediaries, said 82 per cent of brokers found service standards worse than those provided by solicitors and conveyancers who had been appointed by the customer. More than […]

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Sainsbury’s Bank launches first buy-to-let range

Sainsbury’s Bank has launched its first range of buy-to-let mortgages, which will only be available through its broker network. The new products are available for purchases and remortgages. However, they will only be available to landlords with a maximum portfolio of three mortgaged buy-to-let properties. Sainsbury’s Bank is offering two and five-year fixed-rate lending options. […]