Gary Adams

Bluestone Mortgages appoints new senior BDM

Bluestone Mortgages has hired Chris Lamming (pictured) as a senior business development manager. Hailing from Santander, where he worked for nearly a decade – five and a half of these years as a BDM – Lamming will be based at Bluestone’s Sheffield office, allowing him to cover the North West and Yorkshire alongside key account manager […]

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First-time buyer numbers highest since 2006: UK Finance

UK Finance reports that in the final month of December 2018, there were 30,900 first-time mortgages completed, bringing the total for 2018 to 370,000. This, UK Finance says, at 1.9 per cent more than the number seen in 2017, is the highest number of FTBs entering the mortgage market since 2006, although it is some […]

The Nottingham moves into RIO market

The Nottingham Building Society has announced its move into the retirement interest-only space with the launch of three of the later life lending products. The offerings come in three 40 per cent LTV flavours: a two-year discount, which has an initial rate of 2.99 per cent, a three-year fix, at 3.34 per cent, and a […]

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News Analysis: Brokers raise questions over effectiveness of free legals

Instructing own solicitors using cashback offers seen as better alternative Issues with free legals have come to the fore once again as a number of brokers have expressed dissatisfaction with processes involved in remortgage deals that come with the so-called benefit. Manchester Money managing director Chris Barker says that when dealing with free legals, he […]

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Talk of interest rate cut heats up

The inflation rate coming it at 1.8 per cent, a two-year low, has fuelled talk in some quarters of the Bank of England potentially reversing its recent direction and cutting interest rates. Adding fuel to this is the fact that, despite the Monetary Policy Committee minutes that covered the last interest rate decision saying that […]

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Twenty7Tec signs flurry of new deals

Twenty7Tec has announced a string of new deals with intermediaries and lenders. The technology firm will provide its MortgageSource and MortgageApply products to Connells by the end of 2019, St James’s Place on a five-year agreement, and LSL by the end of 2019. These are in addition to the deal Twenty7Tec struck with Sesame Bankhall […]

buy-to-let

Homeowner possessions drop to near-40 year low: UKF

UK Finance reports that homeowner repossessions are at the lowest level recorded in nearly 40 years. Data provided by the firm shows that, in 2018, there were 4,580 homeowner possessions, which is the lowest since 1980, when there were 3,480. During 2018, there were 2,240 buy-to-let possessions. On a quarterly basis, there were 1,130 homeowner […]