UK

Matthew Wyles leaves Castle Trust

Castle Trust mortgage division managing director Matthew Wyles has left. He has been replaced by Alex Upton, former sales director (mortgages) at the firm. Wyles has been with Castle Trust since 2014. Castle Trust says he has taken up a role at a yet-unnamed financial firm. Castle Trust group chief executive Sean Oldfield says: “Alex Upton is […]

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IFS damns young adults’ homeownership chances

Young adults’ chances of homeownership are becoming increasingly stark, according to new research from the Institute for Fiscal Studies. The IFS says today’s young adults are significantly less likely to own a home at a given age than those born only five or ten years earlier. At the age of 27, those born in the late […]

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UK looks to align City regulations with EU in Brexit talks

The UK is set to argue the case for “mutual recognition” of financial services rules in Brexit negotiations with the EU, with Chancellor Philip Hammond tipped to endorse the proposals in a speech next week. The Brexit plans, which are reportedly backed by the government and the Bank of England, would provide an alternative “equivalence” […]

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Public not ready for mortgage benefit changes: Royal London

  Government changes to mortgage benefits could harm consumers, according to Royal London. Currently Government offers benefits to those struggling to make their mortgage payments. But it plans to change this from a benefit to a loan. Around 124,000 households receive regular benefit help with their mortgage interest payments, including around 57,000 pensioners. Government started […]

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Lighthouse bags another union mortgage advice deal

National advice firm Lighthouse has won a contract with Unison to provide mortgage advice to its members. The deal to add the public service union’s 1.3 million members to the Lighthouse roster bolsters a range of other tie-ups with unions and workplace organisations. These include Prospect, the Fire Brigades Union, and the Money Advice Service’s […]

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Short-term property finance lender Glenhawk launches

Glenhawk, a new short-term property finance lender has launched. The Mayfair-based lender has promised a streamlined application process, with an agreement in principle delivered in minutes. Glenhawk will be lending its own capital, which the firm says means that funds can be provided swiftly. Loans of between £300,000 and £5m will be available at rates […]

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TML to use LMS’s Panel Link

The Mortgage Lender has partnered with LMS and will be using its conveyancing firm panel service Panel Link from 22 January.  Panel Link gives access to a vetted, secure panel of law firms. TML deputy chief executive Peter Beaumont says: “Having operated a restricted panel since launch, we have worked with a small number of […]