Borrowers will be able to remortgage their homes without seeking advice from a broker, saving them “time and money,” says the Financial Conduct Authority under changes confirmed today. The move, which could lead to as much as £100m in lost broker fees, is part… The post FCA guidance opens door to more execution-only home loans appeared first on Mortgage Strategy.
Atom bank has reduced rates by 0.25% across its fixed rate standard commercial mortgage range, effective immediately. Rates for new applications on commercial investment cases now start at 5.88%, while for commercial owner-occupied cases, rates begin at 5.68%, based on cases at 45% LTV or… The post Atom bank cuts commercial rates by 25bps appeared first on Mortgage Strategy.
Vida has launched an AI-driven chatbot, which the specialist lender will “transform how brokers access lending criteria and product information”. The business says its Mobi — short for Mortgage Bot Intelligence — provides “instant, helpful answers to brokers’ most common questions” 24 hours a… The post Vida debuts broker AI criteria chatbox appeared first on Mortgage Strategy.
Ecology Building Society has launched a renovation mortgage for owners and buyers who want to cut their home’s carbon footprint. The new product is available up to 80% loan-to-value (LTV) at a variable rate of 5.29%. The society says the mortgage rate can by lowered… The post Ecology BS launches new renovation mortgage product appeared first on Mortgage Strategy.
The Mortgage Store has appointed Mat Garner as chief executive of the broker business. The firm, founded over two decades ago, says Garner will lead its UK expansion as it focuses on boosting its technology services to improve customer journeys. Garner says: “There’s real… The post The Mortgage Store appoints Garner as CEO appeared first on Mortgage Strategy.
