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Scottish Building Society joins Pink panel

First Complete & Pink is adding Scottish Building Society to its panel of lenders. Scotland’s only independent building society, and one of the oldest in the world, will see its products available to First Complete’s advisers across Scotland. The building society offers various specialist lending products including guarantor and self-build mortgages. It also offers interest-only […]

Precise Mortgages reveals online portfolio proposition

Precise Mortgages is adding its portfolio proposition to its website ahead of the PRA changes for portfolio landlords. The specialist lender is looking to help brokers preparing for the Prudential Regulation Authority’s changes for portfolio landlords. Precise is publishing new documents and details of the process brokers will need to adhere to after the changes […]

HMRC: Transactions down in August

Residential property transactions fell by 0.5 per cent in August, according to figures from HMRC. Latest data shows there were 103,490 residential and 10,600 non-residential transactions in the month. While that’s 6.6 per cent than the same month a year ago, it’s down 0.5 per cent from July. Some 96,740 of the transactions were in […]

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LendInvest hires Aldermore’s Boden

Aldermore head of commercial mortgages Ian Boden has joined specialist lender LendInvest. Boden joins the group as sale director, after five years at Aldermore Bank. Boden has worked in financial services for more than 35 years and specialises in buy-to-let and commercial mortgages. He has previously worked at Lloyds Bank and HSBC and has an […]

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Paragon announces rebrand and restructure

Paragon Group has restructured and rebranded as it turns its focus to retail banking. Changing its name to Paragon Banking Group, the firm says the restructure will optimise funding and capital, and enhance its competitive position.  The firm will simplify its branding over the coming weeks to make it easier for customers and intermediaries to […]

Hinckley shakes up loan limits

Hinckley and Rugby has increased its maximum loan size to as much as £710,000. The building society has raised its limits on mortgage loans at various loan-to-values. The maximum amount customers can borrow on a 95 per cent loan-to-value mortgage is increasing from £275,000 to £300,000. At 90 per cent LTV, the limit is rising […]

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Bank of England: Housing market softening

Housing market activity and price growth continue to soften, according to the third quarter agents’ summary of business conditions from the Bank of England. The market has been slowing over the summer particularly in higher price brackets, the report suggests. It says agents in London reported the weakest sentiment. Meanwhile parts of the Midlands, Scotland, […]

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BM Solutions to offer free standard conveyancing

BM Solutions is offering free standard conveyancing for customers remortgaging from today. The lender is using an extended solicitor panel to cope with any increase in demand. As well as free standard conveyancing, BM continues to offer free standard valuation for remortgages and £250 cashback. BM Solutions head Phil Rickards says: “Free conveyancing will help […]

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Brokers who fail to spot mortgage fraud could face prosecution

Brokers who fail to carry out adequate due diligence and fail to spot fraudulent mortgage applications could face prosecution. The warning comes as a case emerges where a borrower forged wage slips to support a mortgage application. The borrower falsified documents so his wife appeared to be employed rather than self-employed. The couple were worried […]