Advisers

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Head to head: Leasehold for new build homes

This month we ask… Are you in favour of an outright ban on leasehold new build homes? Yay Maria Harris, director of retail mortgages, Atom Bank Anything which gives better outcomes and greater transparency for customers will always be a yes from me. The ban is designed to tackle some of the leasehold practices which customers […]

Online estate agency Hatched closes

Connells Group has announced that it will close online estate agency Hatched to all new business with immediate effect. The group believes that the online-only/hybrid business model is not commercially sustainable and that it wishes to commit entirely to its high street estate agents. In a statement the group says that it will “seek to […]

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Responsible Life launches residential mortgage arm

Responsible Life has entered the residential mortgage market through the launch of Responsible Mortgages, an independent broker. This latest move from Responsible Life comes 18 months after it launched Responsible Lending, an equity release lender. In its latest foray, the firm will advise on the whole of market for first-time buyer, home mover, remortgage and […]

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LSL invests in MortgageGym robo-adviser

MortgageGym, a mortgage robo-adviser, has entered into a strategic partnership with LSL Property Services as part of its latest money raising round, in which it secured £3.8m from various investors and obtained FCA approval. LSL Property Services currently has a broker network of 2,298 mortgage advisers who collectively lent £21bn in 2017. MortgageGym co-founder John […]

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SortRefer launches new website

Online conveyancing broker portal SortRefer has launched a new website, boasting a new look and a host of technical improvements. The site is now responsive, meaning that it will fit onto any screen you view it on, be it mobile phone or desktop computer, and is more secure: In April, the company attained ISO 27001, […]

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Rio and equity release “should be more aligned” say trade bodies

Speakers at the Financial Services Expo in London yesterday praised retirement interest-only mortgages but added that they should be aligned more closely with equity release options for the good of customers. Talking at a session titled “A meeting of trade body minds,” BSA head of mortgage policy Paul Broadhead said: “There’s not been a great […]

taxes

Brokers should avoid BTL tax advice, says industry

Mortgage intermediaries should be wary of buy-to-let tax advice in order to avoid any involvement in the next potential mis-selling scandal, speakers at the Financial Services Expo in London said yesterday. Talking at a specialist lending panel, Vida Homeloans director of sales Louisa Sedgwick detailed the importance of brokers having documentation that states they offered […]

Fluent Money launches new services for advisers

Fluent Money Group has announced that specialist first charge and equity release services will soon be available through its Fluent for Advisers subsidiary. The company says that it is adding these services due to numerous requests from advisers for Fluent to expand its proposition. It was only in early September that the group announced the […]