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Bluestone partners with PMS Mortgage Club and Sesame Network

Specialist lender Bluestone Mortgages is to join the PMS Mortgage Club and Sesame Network, both part of Sesame Bankhall Group.

The agreement will see Bluestone products on offer through both companies’ lender panels.


Bluestone Mortgages managing director Matt Andrews (pictured) says the relationship will help the lender to “better serve those borrowers who are currently underserved by mainstream lenders”.

The lender launched its pilot range of products in October 2015, specialising in borrowing for the self-employed, contractors and customers with adverse credit history.


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FCA revises its definition of ‘payment shortfall’ for mortgage borrowers

The Financial Conduct Authority has agreed to revise the definition of ‘payment shortfall’ in its Mortgage Conduct of Business rulebook. In June, the regulator consulted on making minor amendments to the handbook outlining rules and guidance for firms with customers experiencing a mortgage or Home Purchase Plan (HPP) payment shortfall. A payment shortfall was defined […]


Precise Mortgages launches new 3-year fix through Buy to Let Club

Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club. The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV. It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October […]


City house prices rise 7.7% in November, says Hometrack

House prices in the UK’s largest 20 cities rose by 7.7 per cent year-on-year in November, according to the latest Hometrack UK cities house price index. The average house price in these cities is now £243,200. All the cities showed a rise in house prices except Aberdeen, where there was a 6.5 per cent fall […]

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Company sick pay – new findings

Research by insurer LV= suggests that some 11 million employees in the UK have no company-paid sick leave entitlement. So if an employee from within the above grouping cannot work through illness or injury for any period of time, their only income would likely be that provided by state benefits alone.


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