SDKA has launched of automated valuation models (AVMs) for first-charge residential purchase transactions to accelerate its time-to-cash. The service has been launched utilising Hometrack. The lender will ask every client to do a video walk around of the properties with one of their experienced underwriters.… The post SDKA accelerates time-to-cash with launch of residential AVM appeared first on Mortgage Strategy.
Legal & General has appointed Scott Wheway as its new chair, taking over from Sir John Kingman, who has served on the board for nine years. The financial services giant says Wheway will join its board on 2 January as an independent non-executive director and chair… The post Legal & General appoints Wheway as chair appeared first on Mortgage Strategy.
Barclays has made further improvements to its affordability calculations for customers. The bank has increased the amount of regular bonus, overtime and commission income up to 4x basic salary plus allowances. For example, someone in a commission-heavy industry on a basic annual salary of £30,000… The post Barclays increases cap on bonus, overtime and commission income appeared first on Mortgage Strategy.
MQube has tokenised £1.3bn of mortgage debt on the blockchain. The tokenisation of mortgage assets via an EVM compatible chain, sees MPowered and lending arm of MQube become what is said to be the first in Europe to have its mortgage debt tokenized on-chain. The… The post MQube tokenises £1.3bn of mortgage debt on blockchain appeared first on Mortgage Strategy.
The Financial Conduct Authority will begin testing open banking finance with mortgage firms next month. The three-month ‘techsprint’ will begin on 17 November, with the regulator inviting home loans industry firms to apply for the trial “to simulate and test data sharing”. It adds:… The post FCA to run open banking mortgage tests appeared first on Mortgage Strategy.
