Connect has expanded its lender panel with the addition of StreamBank. StreamBank has been active in bridging for over five years and, since February 2023, has operated as a fully regulated, self-funded bank. The partnership will give Connect’s appointed representatives access to StreamBank’s broad bridging… The post Connect adds StreamBank to its lender panel appeared first on Mortgage Strategy.
The mortgage industry was disappointed but not surprised to see the Bank of England hold interest rates today. The Bank’s nine-strong Monetary Policy Committee voted 7–2 to maintain Bank rate at 4%, with two external doves, Swati Dhingra and Alan Taylor, pressing to cut the interest rate… The post MPC decision: Industry disappointed but not surprised appeared first on Mortgage Strategy.
Together said new loan originations lifted 6.7% to £3.2bn last year compared to the previous 12 months, as the lender continued its “controlled lending growth”. The specialist lender, which offers a mix of residential and commercial mortgages, added that its net loan book rose… The post Together lifts loan originations 6.7% to £3.2bn appeared first on Mortgage Strategy.
Nationwide will cut selected residential home loan fixed-rate loans by up to 18 basis points, while West Brom Building Society brings back three-year fixes. The country’s largest mortgage mutual will reduce rates on various two-, three- and five-year ranges for new and existing customers,… The post Nationwide cuts rates by up to 18bps, West Brom brings back 3-year loans appeared first on Mortgage Strategy.
Twenty7tec has appointed Sophie Holloman as national account manager. Holloman joins from Legal & General where she worked as key relationship manager. In her new role, she will be responsible for managing key firms utilising Twenty7tec’s RESEARCH module and major distributors to help drive adoption,… The post Twenty7tec appoints Holloman as national account manager appeared first on Mortgage Strategy.
The Mortgage Works has announced it will cut selected two and five-year fixed rate products across its mortgage range for new and existing customers, effective tomorrow (18 September). Limited company buy-to-let (BTL) and BTL products will see reductions of up to 0.15%. Limited company BTL… The post The Mortgage Works cuts selected two- and five-year fixes appeared first on Mortgage Strategy.
“Risk is good,” and is a key feature of growing financial markets, said the Financial Conduct Authority’s chief economist Kate Collyer. The City regulator is “shifting our approach to risk, giving firms and consumers more space to innovate while still protecting markets,” she added in a… The post ‘Risk is good,’ says FCA chief economist appeared first on Mortgage Strategy.
United Trust Bank (UTB) has made two appointments to its growing property development division. Keeley Hawkes has joined as manager to support senior director of property development Daniel Carlisle. Hawkes brings experience in the real estate finance and construction sectors gained from roles with RBS,… The post UTB expands property development division with Hawkes and Argue appeared first on Mortgage Strategy.
Alice Pocock and Matthew Long have both stepped into new management roles in Newbury Building Society’s intermediary sales team Pocock, formerly a business development manager (BDM), will now lead on service delivery and sales adviser support. Meanwhile, former senior BDM Long will take overall responsibility… The post Newbury BS promotes Pocock and Long appeared first on Mortgage Strategy.
The Co-operative bank for intermediaries has relaunched its mainstream and buy-to-let mortgage (BTL) ranges for both new business and retention. For new customers, the 95% loan-to-value (LTV) three-year fixed with a fee of £999 and a 90% LTV five-year fixed with no fee have decreased… The post Co-op relaunches mainstream and BTL ranges, Accord increases BTL new business rates appeared first on Mortgage Strategy.
