Advisers

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New appointments strengthen Charcol’s growth plans

Mortgage broker John Charcol has strengthened its management team, by promoting Alan Young to chief commercial officer and appointing Tim Osmond as business development manager. The firm said these appointments would help support its “ambitious growth strategy”. Young joined the company in March this year as director of partnerships. Since his appointment he has signed […]

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Recently rebranded Pepper Money hires London BDM

Pepper Money has appointed Phil Quinn as business development manager for London. Quinn joins Gordon Rae, who also has responsibility for London and the South East, and reports to Rob Barnard, director of sales. The announcement comes following Pepper Home Loans recent rebranding as Pepper Money as part of a ‘global rebranding exercise’ for the […]

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L&G launches online live chat service

Legal & General Mortgage Club has launched an online live chat service for advisers. Advisers will able to contact the support services team directly using an online chat forum. Legal & General says the facility aims to provide improve speed and accuracy to help advisers. They will be able to access instant information and help […]

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‘Fastest-ever’ process aims for application-to-offer in 7 hours

More 2 life says it will provide the fastest-ever mortgage application process at just seven working hours. The equity release lender says advisers will be able to go through the full application-to-offer process in record time. More 2 life says it is streamlining its processing times and improving efficiency through its online portal. It says […]

Accord

Legal fees popular despite issues: Accord

Despite reports that free legals fail the mortgage process, Accord says they continue to be a popular perk with borrowers. The lender says the majority of remortgagers are choosing to take free legal assistance with their deal. It says some 80 per cent of borrowers this year have chosen free legals rather than cashback. The […]

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Lenders fail to get to grips with Airbnb

Mortgage providers are still failing to get to grips with Airbnb despite the rising popularity of the holiday let site. Mortgage Strategy last year investigated lender attitudes to the growing trend of homeowners renting out their homes and following our latest investigation, we find there has been little change since then. House and Holiday Home […]

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Barclays introduces proc fee for further advances

 Barclays Mortgages is introducing a procuration payment of 0.3 per cent on all new residential and buy-to-let further advance cases. The lender says it recognises the efforts made by brokers on advising and completing these cases. It says applications submitted from Friday 22nd September onwards will be eligible for the new payment. Barclays director of […]

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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 […]

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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 […]

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Tipton launches lowest ever rates

Tipton and Coseley Building Society has launched a new range of mortgages with rates starting at 1.04 per cent. The discounted rates are the lowest the society has ever issued. Rates start at 1.04 per cent, discounted until 31 January 2020, up to a maximum loan-to-value of 65 per cent. For a 75 per cent […]