Rebekah Commane

Rob Lankey joins Shawbrook as director of commercial investment

Former Aldermore managing director of commercial mortgages Rob Lankey will join Shawbrook bank as director of commercial investment. Lankey was most recently managing director at Amicus Commercial Mortgages and has worked in the finance industry for 30 years, many of which have been in the commercial mortgages sector. He spent nine years at Aldermore before joining […]

Editor’s note: Credit where it’s due

Despite the seemingly never-ending and fruitless shenanigans going on at the top levels of government, the year got off to a better start in the broker world. The FSCS unveiled its fees for the financial year 2019 to 2020, which included a considerably lower levy for brokers than the year prior – £18m less to […]

Secure Trust Bank confirms cessation of mortgage lending

Secure Trust Bank has confirmed that it will cease origination of new mortgage lending following a consultation. The bank says it will not offer new mortgages to borrowers “until conditions become more favourable” and has liaised with staff on the matter. The current economic climate, increased competition and pressures on the housing market have been […]

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NatWest adds online system to speed up mortgage process

NatWest Intermediary Solutions has introduced a new secure document upload facility for brokers to speed up the mortgage process. With the new system,brokers will be able to upload documents online to support the application process, following a pilot with select brokers last year. NatWest says the new system is part of its efforts to work […]

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Number of upheld mortgage complaints increases: FOS

The number of newly initiated residential mortgage complaints increased in the last three months of 2018, compared to the year prior, new figures from the Financial Ombudsman have found. The number of upheld complaints also saw a slight rise. Latest figures show that from October to December there were 3,389 mortgage related enquiries made, 2,654 […]

Kent Reliance ups near prime loan limit and cuts shared ownership rates

Kent Reliance has made changes to its residential and buy-to-let ranges including increasing its near prime loan limit and reducing rates on its shared ownership offering. The intermediary-only arm of OneSavings Bank has increased the maximum loan limit on its near prime residential products from £500,000 to £1m for all ranges, which are available to […]

stamp duty hike

Stamp duty relief saves first-time buyers £570m: HMRC

First-time buyers have saved a total of £570m on stamp duty tax for property purchase since the relief was introduced in April last year, new government figures estimate. HMRC says that 241,300 claims have been made by FTBs since the relief was brought in, with 60,700 made in the final quarter of 2018. The estimated […]

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M&S Bank increases broker reach with Mortgage Intelligence partnership

M&S Bank has partnered with intermediary network Mortgage Intelligence as it plans to further its broker reach. The bank launched its first mortgage range last year offering a number of fixed and tracker options for purchase and remortgage. M&S Bank head of products Paul Stokes says: “The appointment of Mortgage Intelligence is another milestone for […]

Leeds Building Society offers ten-year fixes in RIO range

Leeds Building Society has added a ten year retirement interest-only deal to its mortgage range. The society was the first national high street lender to enter the market following the FCA’s reclassification of RIOs as standard mortgages. It previously offered five-year fixed terms but has now added two ten-year options to its offering, at 3.99 […]

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Landlords face new rules on electrical safety in PRS

Landlords will be legally required to introduce higher levels of electrical safety on rented properties, following new government rules. Mandatory electrical inspections will have to be carried out by ‘competent and qualified’ inspectors, as announced by minister for housing and homelessness Heather Wheeler MP today, 29 January. Landlords could face tough financial penalties if they […]

Mortgage Sleep Out surpasses fundraising target

November’s charity efforts to raise funds for End Youth Homelessness surpassed its fundraising target of £100,000. The endeavour saw more than 500 people from the industry sleep out on the UK’s streets in 25 events across 20 regions, raising a total of £110,000 for the charity. Funds were also raised through the single Take Me […]