Latest news

Accord drops ID certification requirement

Accord Mortgages has announced that copies of ID documents will no longer need to be certified during the mortgage application process. Instead, photocopies of required documents, including passports and driving licences, will be deemed sufficient. This, the lender says, will make uploading documents faster and improve the overall application experience. This change takes place across […]

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West One Loans announces new large loan team

West One Loans has announced the formation of ‘Premier Loan Team,’ a group of experienced underwriters who will focus on large loans and complex cases. Specifically, the team will deal with loans consisting of £750,000 or more across the lender’s entire range of products, which includes commercial, both regulated and unregulated residential, and prime unregulated […]

Aldermore makes changes to resi and BTL propositions

Aldermore has announced a series of changes to its residential and buy-to-let mortgages propositions. For residential mortgages, the specialist lender has reduced the minimum valuation for ex-public sector property outside of Greater London that it will lend on from £150,000 to £100,000  and increased the maximum property land size from three to six acres. Regarding […]

Tenet

Tenet announces partnership with Twenty7tec

Tenet Group has formed a strategic partnership with technology provider Twenty7Tec. The three-year deal will offer Twenty7Tec’s MortgageSource system to Tenet’s adviser membership. All Tenet Group members, across both the appointed representative and directly authorised sides of the business, will have the opportunity to use Twenty7Tec’s cloud-based intelligent sourcing platform. In addition, all Tenet members […]

Government rejects calls to scrap Lifetime Isas

The government has rejected recommendations from the Treasury Select Committee to abolish Lifetime Isas. In a report published in July, the committee said written evidence from UK Finance found the Lifetime Isa wasn’t working due to its “perverse incentives and complexity” as well as its “apparent lack of popularity”. It also said that in promoting […]

Robert Sinclair MS blog

AMI raises questions over FCA sandbox “consultation”

The Association of Mortgage Intermediaries has heavily criticised the Financial Conduct Authority’s proposals to create a new Global Financial Innovation Network. The mortgage trade body accuses the regulator of carrying out a consultation “in name only” and claims the FCA’s proposals have been developed without selected stakeholders. It says the proposals, which set out the […]

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TMA Club adds Foundation Home Loans to panel

TMA Club has added Foundation Home Loans to its panel, providing members with instant access to the lender’s range of residential and specialist buy-to-let products. Foundation’s residential range is designed for so-called “mainstream misses” who have failed a credit score for reasons other than adverse credit. Its buy-to-let offering caters for portfolio landlords, limited companies and […]