Loan originations platform Mast has joined the Equity Release Council. The new technology member says its platform features, which include, a built-in policy engine and real-time feedback, aim to support later life lender market growth. Equity Release Council chief executive Jim Boyd says: “While customers are… The post Loan originations platform Mast joins Equity Release Council appeared first on Mortgage Strategy.
Simplybiz has announced it will help its member firms with the preparation and submission of data for the FCA’s recent information request. The survey, sent in early July by the FCA to all firms with advisers who undertake investment activities, forms part of the regulator’s… The post Simplybiz offers support on FCA data request submissions appeared first on Mortgage Strategy.
Large lenders will be able to top their current 15% loan-to-income ratio limits to allow for greater mortgage lending, under new guidance from a key Bank of England committee. The Financial Policy Committee says that “individual lenders [should be allowed] to increase their share… The post Large lenders able to top key LTI 15% limit, says regulator appeared first on Mortgage Strategy.
Mortgage applications jumped almost 42% in June compared to a year ago, according to the latest market update from Stonebridge network. Borrowers are on average £888 a year better off, as mortgage rates have fallen by 62 basis points over the past year, it found.… The post Mortgage applications jump 42% in June: Stonebridge appeared first on Mortgage Strategy.
Nationwide becomes the latest major lender to cut fixed-rate home loans, with prices starting from 3.84%. The mutual will cut fixes by up to 20 basis points across selected two-, three- and five-year products from tomorrow. Highlights include: Switcher — Selected two-, three- and… The post Nationwide joins lender cuts with rates starting at 3.84% appeared first on Mortgage Strategy.
Vida has boosted its range of home loans aimed at foreign nationals who live and work in the UK at up to 90% loan-to-value. This is an uplift from the specialist lender’s previous 75% LTV maximum for these borrowers. It has also expanded its list… The post Vida boosts foreign national home loan range appeared first on Mortgage Strategy.
Small lenders who underwrite residential mortgages up to £150m a year will not be bound by the loan-to-income flow limits of larger institutions. The move by regulators comes into effect on 11 July and lifts the previous threshold from £100m, which has been in place since… The post Small lenders see loan to income thresholds rise to £150m appeared first on Mortgage Strategy.
Mortgage Innovation & Technology Live (MIT Live), the new flagship event powered by Mortgage Strategy, can confirm support from some of the biggest names in the industry. Strategic partners for the event on 9 December in Central London so far include Lloyds Banking Group, Mortgage… The post MIT Live reveals big name partners for flagship event appeared first on Mortgage Strategy.
Halifax has introduced a number of rate changes to its mortgage product range from 9 July. For home movers and first-time buyers, the lender is announcing rate reductions of up to 0.10% on selected fixed rate products. On remortgage loans, Halifax is offering rate reductions… The post Halifax details selected rate changes appeared first on Mortgage Strategy.
The Right Mortgage & Protection Network has added April Mortgages to its panel. Member firms now have access to April Mortgages’ full range of five to 15-year fixed-rate mortgages including its 100% LTV deal. April’s products have no early repayment charges for moving home or… The post The Right Mortgage Network adds April to panel appeared first on Mortgage Strategy.
