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Cambridge launches new self-employed/contractor loans

Cambridge Building Society has launched new mortgage products for the self-employed or contractors with one year of accounts. Both products are available up to 80 per cent LTV. The lender has launched a two-year discount option at 2.69 per cent with an £800 completion fee and £199 application fee. A two-year fix is available at […]

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Ipswich launches five-year resi, BTL and shared ownership loans

  Ipswich Building Society has launched a new five-year fixed rate mortgage range for residential, buy-to-let and shared ownership borrowers. The range is available direct and through select brokers. It includes a 2.82 per cent rate for residential purchase and remortgage up to 90 per cent LTV. The loan has a completion fee of £800 […]

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John Charcol appoints Somerset as COO

John Charcol has appointed Luke Somerset as chief operating officer, with immediate effect. Somerset has joined the broker to lead the sales, operations and commercial teams based in Southampton and will work closely with the broker’s leadership team. Somerset began his career at Lehman’s before moving on to head of administration at Contractor Financials. He […]

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Property Franchise Group rejects Belvoir merger offer

Property Franchise Group says a mooted merger offer from Belvoir undervalues the firm and is not a good deal for shareholders. Yesterday Belvoir announced it wanted to carry out a hostile merger with PFG. The PFG board was initially silent on the suggestion, but now says the deal would undervalue the firm. A PFG stock […]

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Uinsure hires central UK BDM

General insurance panel provider Uinsure has hired Tim Horne as business development manager for the central UK region. Horne joins from Magellan Homeloans, where he covered broker and key accounts in the midlands. He says: “I knew people on the Uinsure sales team before I joined and what has jumped out at me from day […]

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TMA urges brokers to contact SVR customers

  TMA mortgage club is urging brokers to contact borrowers on lenders’ standard variable rates to make sure they are getting the best deal. The club says brokers can “add huge value” when discussing options and needs and helping financial plans. A TMA statement says: “Worryingly, some borrowers simply believe they cannot move elsewhere, as […]