Mortgage news

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Countrywide to launch online broker Mojo Mortgages

Countrywide is launching an online mortgage broker called Mojo Mortgages with start-up assistant Blenheim Chalcot. Mojo will launch in early 2018. Countrywide already brokers mortgages face-to-face and over the telephone and says Mojo will widen its distribution options. Countrywide managing director for financial services Peter Curran (pictured) says: “This year already we have strengthened our […]

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Government cracks down on rogue property managers

  The Government has announced plans to crack down on rogue property managers. The Department for Communities and Local Government says leaseholders face rip-off service charges, while renters are often overcharged for repairs. Now the Government wants to find out more about the sector and decide if more action is needed. The Government will consider […]

Refurb, build, building

Together launches refurbishment bridging loan

Specialist lender Together has launched a bridging loan to support investors with residential property refurbishment. The lender says it is launching the loan because refurbishment has become the most popular reason for turning to bridging, trumping mortgage delays. Together will lend from £26,000 to £5m, with further advances available. The loan is designed for light […]

Houses, house, property, monopoly

FCA flags up interest-only and protection deficit as consumer issues

The FCA has flagged up low protection insurance levels, interest-only mortgages and high outstanding balances as potentially harmful to consumers.  The regulator says this in its Financial Lives survey findings, published today. However, the FCA says risk levels completely depend on consumer age brackets.  Protection For those aged 35-44, the FCA says the “significant” lack […]

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Mortgage Brain Key upgrade to save brokers time

Mortgage Brain has upgraded its mortgage broker software the Key to save brokers 30 minutes when gathering client information. The upgrade to the sales and case management software gives brokers an online customer fact find within its client portal. The new portal can be accessed 24/7 on any device. The new functionality lets clients complete an […]