Advisers

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Mortgage Advice Bureau appoints new MD

The Mortgage Advice Bureau has appointed Ben Thompson as managing director of the group, with effect from June 7. Thompson joins from ULS Technology, which provides online platforms for the conveyancing and intermediary market. Prior to that he has held senior positions at Legal & General where he ran their mortgage distribution business. MAB’s chief […]

Retirement interest-only mortgages set for comeback after FCA green light

Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]

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Cambridge offers mortgages at five times income

The Cambridge Building Society has introduced more generous lending criteria that will see it advancing up to five times a borrower’s income. However these relaxed income limits will not apply to all homebuyers. To qualify applicants need a minimum income of £60,000, and at least a 20 per cent deposit. Cambridge Building Society says these […]

Sesame and PMS add Vernon BS to lending range

Sesame Network and PMS Mortgage Club have added Vernon Building Society to their lender panels. The North West-based mutual offers residential and buy-to-let deals, including its retirement mortgage, which enables older borrowers to access fee-free interest-only loans with no upper age limit. Initially the products will be available through Sesame and PMS to intermediaries within […]

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Paradigm advisers to offer The Exeter’s impaired life products

Directly authorised advisers using Paradigm Protect can now access The Exeter’s life insurance products for clients who have previously been declined cover due to serious health conditions. Paradigm is one of a limited number of distributors that have been given access to the mutual’s range of impaired life products. The Exeter has recently extended its […]

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Buy-to-let Watch: Prepare to be quizzed

Buy-to-let lending is shrinking. In 2017, the overall lending figure is likely to sit at around £35bn. That’s about a 14 per cent reduction on the year before. In 2018, I reckon we will see the market shrink further, maybe by another 11 per cent, so that by the end of the year the final […]

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JLM appoints COO ahead of ‘robo advice’ launch

Mortgage and protection network JLM Mortgage Services has appointed Daniel Leach as chief operating officer. Leach will focus on developing JLM’s ‘robo mortgage advice’ proposition, Virtual Adviser. He will also be tasked with driving growth in the business, including adviser recruitment, and will report into JLM directors Rory Joseph and Seb Murphy. Joseph says: “Daniel brings […]