Optoma Broker Solutions has changed its processing procedures in response to high business volumes and to improve its service to brokers. An administrator will be allocated to each underwriting team to assist in updating cases and responding to enquiries.
Lee Grandin, managing director of Landlord Mortgages, the specialist buy-to-let broker says more investors will be moving onto fixed rate deals, following the interest rate rise to 5%. He says: “The effect of this increase will of course be felt by those who invest in residential property. We have already seen how some lenders have […]
MoneyExpert.com research shows that nearly a third of lenders offer maximum mortgage terms of 40 years or more. Lenders only offering maximum mortgage terms of 25 years are being replaced by long-term offers. Only 23% of the 126 mortgage lenders and products analysed by MoneyExpert.com limit maximum terms for mortgages to 25 years.Tesco is offering […]
Last week provided a timely reminder for those who have been sitting on the fence that home reversion regulation is well and truly on its way.
A whopping 90% of brokers think the government should hammer the final nail into the coffin of Home Information Packs. Just 10% think the packs should be implemented next year. This week Mortgage Strategy asks: “Are 5 x income mortgage products a recipe for disaster?” Q: Should the government put the final nail in the […]
The introduction of ground-breaking pension freedoms in April 2015 has created some uncertainty for employees and employers alike, and they are looking for help. With further changed announced in the summer Budget, employees really need help to understand how the changes affect them.
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