UK

Liz Syms

Assetz Capital in network tie up with Connect

Peer-to-peer lender Assetz Capital has agreed a tie up with mortgage network and broker Connect for Intermediaries. In its first such deal with a mortgage network, Assetz Capital will provide commercial loans, development finance, bridging and buy-to-let to brokers. The lender will provide first and second charge loans with rates starting from 0.59 per cent […]

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Mortgage confusion biggest hurdle for buyers

The process of applying for a mortgage is the biggest challenge to buying a home, according to research from Experian. It found 24 per cent of survey respondents believed the mortgage process was the biggest challenge to buying a home, ahead of the 22 per cent who believed securing a deposit to be the biggest […]

Shawbrook Bank hires two new BDMs

Shawbrook Bank has added two new faces to its commercial mortgage sales team in Amanda Meadows and Shrena Patel, who will work as business development managers. Patel (pictured above) has worked in corporate banking for 14 years, notably at Barclays and Santander, and Meadows brings 20 years’ experience to the table. She has worked at […]

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TMA hires new head of operations and head of sales

TMA Club has announced that it has hired Louise Evans as head of operations and Sarah Evans as head of sales. [Louise] Evans will take charge of the service and relationship aspects of the broker support term and will deliver TMA’s plan for new broker support systems and tools. She has 15 years’ experience in […]

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FCA issues clone warning for Our Mortgage Hub

The FCA has put out a warning that fraudsters are operating under the name of “Our Mortgage Hub” in order to scam the public out of money. The regulator reports that the “clone firm” scammers are using the FCA-authorised Mortgage Advice Bureau brand as cover when cold calling people. In some cases, they may quote […]

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TSB chief exec steps down amid IT failures

TSB Bank chief executive Paul Pester has resigned in the midst of ongoing IT issues at the lender. Pester had faced challenges from consumers, MPs and regulators after a computer migration in April left nearly two million customers without access to their online bank accounts. The problems were still ongoing more than six weeks after […]

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Co-op Bank targets first-time buyers with new mortgage range

Platform, the intermediary arm of The Co-operative Bank, will start offering 95 per cent LTV mortgages from September 3.  This mortgage range is available for residential purchases, and are offered on two, three or five-year fixed-rate terms. All of the 95 per cent mortgage offer two fee options. Borrowers can select a fee-free option, or […]

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Ipswich BS updates lending criteria

The Ipswich Building Society has updated its lending criteria for applicants with investment income or pension expenditure.  The Society will now take 75 per cent of an individual’s investment income into account when assessing affordability. Previously it would only take 50 per cent of this income into account. This investment income will be assessed alongside […]

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Mortgage approvals shrink in July: Bank of England

TThere was a modest dip in the number of home loans approved for both house purchase and remortgaging in July, according to the latest Bank of England figures. Their figures show that home loans worth a total of £20.8bn were approved in July. This accounts for £12.1bn for house purchases, down from £12.2bn the month […]