Pepper Money is considering raising money through its first US dollar-denominated mortgage-backed securities deal. The specialist lender said it wants to diversify its funding sources and attract more investors. The company is exploring a new securitisation of residential and buy-to-let mortgages under its Polaris brand.… The post Pepper Money eyes first US dollar mortgage-backed securities appeared first on Mortgage Strategy.
CHL Mortgages and Moda Mortgages are set to withdraw their current mortgage product ranges on 16 September. Both lenders say that replacement products will come with higher rates. CHL Mortgages will withdraw its current buy-to-let range, including product transfers, at 5pm on 16 September. The… The post CHL Mortgages and Moda Mortgages to withdraw products ahead of rate increases appeared first on Mortgage Strategy.
Recognise Bank has appointed Ronelle Arbib as its new chief revenue & operations officer (CROO). In the newly-created role, Arbib will bring together Recognise Bank’s lending and savings, operations, product and marketing functions. The new structure is meant to let Recognise Bank identify and respond… The post Recognise Bank appoints Arbib as CROO appeared first on Mortgage Strategy.
Barclays is making sweeping increases of 20 basis points across its residential purchase range tomorrow. The lender is raising rates by the same amount on 39 purchase-only deals. Among the changes, Barclays market-leading two-year fixed at 60% LTV with an £899 fee will jump from… The post Barclays joins wave of repricing with 20bps rate hikes appeared first on Mortgage Strategy.
Richard Walker has joined Nationwide as head of intermediary sales and new build. Walker will lead the intermediary sales teams across Nationwide, helping shape its engagement with intermediaries and working closely with brokers. He will also be responsible for new-build sales activity across Nationwide. Walker… The post Richard Walker joins Nationwide as head of intermediary sales appeared first on Mortgage Strategy.
Mortgage brokers say the rush towards remortgaging shows no signs of slowing, reinforcing Bank of England figures that show house purchases continue to dip. Net mortgage approvals for house purchases fell to 56,100 in July, down from 58,200 in June, while approvals for remortgaging rose… The post News Analysis: ‘We are heavy on the remortgage side’ appeared first on Mortgage Strategy.
NatWest has launched a dedicated new build phone line, giving mortgage brokers direct access to specialist support throughout the property-buying process. The service, available on 0345 026 0005, connects brokers with trained business development managers who understand the specific considerations involved in new-build lending. Brokers… The post NatWest unveils new build phone line for brokers appeared first on Mortgage Strategy.
Short-term specialist finance lender, SDKA has announced three promotions with Alex Swan taking the role as head of underwriting. Swan (pictured) joined the business in May 2023 as an underwriter and has moved through the ranks to a senior leadership position, where he will now… The post SDKA confirms new appointments to team appeared first on Mortgage Strategy.
Twenty7tec has completed a new integration with Fluxifi, enabling advisers using the technology provider’s platform to access Twenty7tec mortgage sourcing directly within their existing workflow. The integration connects Fluxifi with Twenty7tec via API, giving users direct access to research without needing to move between separate… The post Fluxifi integrates Twenty7tec mortgage sourcing as part of product launch appeared first on Mortgage Strategy.
The Right DA Club has announced the addition of Shepherds Friendly to its protection panel, providing access to Shepherds’ income protection proposition. The proposition offers clients cover of up to 70% of their income if they are unable to work due to illness or injury,… The post Shepherds Friendly added to The Right DA Club panel appeared first on Mortgage Strategy.
