Emma Simon

RIOs – a year in review

Emma Simon examines why the reclassification of retirement interest-only mortgages has not yet lured in the big lenders It is now a year since regulatory changes opened up the mortgage market to older borrowers. In March 2018, the Financial Conduct Authority reclassified retirement interest-only mortgages as ‘standard’ mortgages, rather than lifetime products or equity release […]

Paragon speeds up portfolio landlord applications

Paragon says it will process applications from portfolio landlords more quickly after rolling out a new submission platform. The specialist lender will now use eTech’s web-based workflow management system, which it claims will streamline the application process. This eTech system provides intermediaries and lenders with a simplified application platform that meets PRA underwriting standards for […]

Furness for Intermediaries cuts cost of fixed-rate deals

Furness for Intermediaries has lowered rates across its residential fixed-rate mortgage range.  At the same time, the building society has introduced a new three-year product into its broker-only range of products. The new fixed-rate deals includes a two-year fix at 2.69 per cent and a five-year fix at 2.99 per cent (both at 90 per […]


Berkeley Alexander joins Right Mortgage & Protection Network panel

The Right Mortgage & Protection Network has added Berkeley Alexander to its general insurance panel.  Under this arrangement members will now be able to access insurance for more niche and non-standard loans, including buy-to-let, unoccupied property, commercial and high net work mortgages.  Berkeley Alexander had an existing relationship with The Right Mortgage & Protection Network, […]


High LTVs remain ‘priority’ for brokers: Knowledge Bank

Knowledge Bank’s monthly ‘criteria activity tracker’ shows brokers are looking for higher LTV loans, alongside mortgage deals for the self-employed.  This research shows the top five most searched for criteria used by brokers during November across eight different mortgage types. In the residential market the top search once again was for lenders that would accept […]


PMS Mortgage Club launches new compliance service

PMS Mortgage Club has launched a new compliance service for directly authorised mortgage and protection advisers. This service offers personalised support through a one-to-one business consultancy.   This will involve a review of each firm’s strategy, risks and individual needs to deliver a tailored compliance solution.  PMS Mortgage Club, part of Sesame Bankhall Group, says […]


Bank of England keeps rates on hold

The Bank of England’s monetary policy committee has voted to keep interest rates on hold at 0.75 per cent. Most economist and housing analysts were not predicting any rise, following the decision to raise interest rates by 0.25 per cent in July. Santander chief economist Frances Haque says: “The decision to hold rates was widely […]


Accord boosts cashback offer on higher value loans

Accord has improved its first-time buyer offers by boosting the cashback available on its 90 and 95 per cent LTV deals. Borrowers with just a 5 or 10 per cent deposit will now be able to get £1,000 cashback. This mortgage range isn’t  just available to first-time buyers, it is also available for those moving […]


Guardian joins Primis and Personal Touch panels

Primis and Personal Touch Financial Services have added Guardian Financial Services to their protection panels. As a result members of these networks will get immediate access to a range of life and critical illness products. Guardian, which recently launched in the UK, offers a range of flexible products with clear policy wording, designed to make […]


Roma Finance expands into Scotland

Bridging and development lender Roma Finance has expanded into Scotland. Its Scottish operation will be headed by bridging specialist George Tuffin. Roma has recently doubled its sales and underwriting teams and has said it will be looking to recruit further sales staff to support its expansion north of the border. Roma offers a range of […]