Gary Adams

Mortgage spreads “cannot go much lower”: Imla

Changes in capital requirements for lenders may lead to mortgage spreads widening in the next quarter, according to the Intermediary Mortgage Lenders Association. The comment from executive director Kate Davies follows the publication of the Bank of England’s quarterly survey of credit conditions for UK banks and building societies. The report reveals that secured credit […]

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ASA rules on estate agent website claims

The Advertising Standards Authority has told estate agency Leftmove to remove one claim on its website and one on a Facebook post, ruling that they are misleading. The estate agent wrote on its website that in 2017 it sold more in the postcode PH4 than any of its competitors and, on the social media platform, […]

Investec ditches standard variable rates

Investec has announced that it has removed the standard variable rate on its existing fixed rate products. The lender says that those borrowing on its current two-, three-, four-, five-, and 10-year fixed rate product ranges will revert to the Investec Bank Base Rate tracker instead of an SVR in the event that they do […]

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Mortgage industry digests prospect of Hallowe’en Brexit

The news that the UK has a new deadline to leave the European Union by 31 October means that the likelihood of leaving under a no deal situation has decreased. Curious as to what this maximum extension of six months could mean for the mortgage industry, we approached some key voices to get their opinion. […]

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MoneySuperMarket reveals remortgage comparison tool

MoneySuperMarket has announced the launch of a remortgage comparison platform. The new tool has been developed with Podium, a fintech firm set up last summer by MoneySuperMarket and the founders of HD Decisions. It uses data provided by IRESS. The comparison service, MoneySuperMarket says, will enable customers to look at different remortgage deals and either […]

Beverely appoints new chairman

Beverley Building Society has announced Stuart Purdy as its new chairman. Purdy currently works as a non-executive director at British Friendly and Scottish Life and can boast of having worked at General Acccident, RSA and Aviva in Europe, Asia and India in senior positions. The lender says that its new chairman will help to “cement” […]

Pepper Money rejigs support staff structure

Pepper Money has restructured its sales team to work across seven geographical regions. Each region will have its own development manager and telephone business manager. Lewis Wheeler will look after Hertfordshire, Kent, and Essex, Steve Mannakee will oversee London, Paul Drinkwater will take charge of the Midlands, Mark Wilkinson the North East, Chloe Bowden-Davies the […]

Connect and HSBC announce partnership

Connect for Intermediaries has added HSBC to its mainstream residential lending panel. Members of the network will earn a gross production fee of 0.40 per cent and be able to access products that start at 1.54 per cent for a two-year fix and 1.84 per cent for a five-year fix, each at 60 per cent […]