Mortgages

The Equity Release Council is set to launch a practitioner toolkit in November this year, which is designed to embed vulnerability best practice across the distribution chain. The document will feature structured specific guidance for a range of vulnerable circumstances, adviser prompts and real-life scenarios.… The post ERC set to launch practitioner toolkit for vulnerability best practices appeared first on Mortgage Strategy.

Suffolk Building Society has joined Mortgage Broker Tools’ platform, marking the mutual’s inclusion on almost every sourcing system on the market.   The move adds the full range of the lender’s products across the member’s hub, which passed two million affordability searches in April after… The post Suffolk BS joins Mortgage Broker Tools platform   appeared first on Mortgage Strategy.

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.

A surprise jump in inflation and signs of persistent wage growth this week has led Goldman Sachs to downgrade its Bank of England rate cut expectations for the rest of the year. The US investment bank Goldman still expects a rate cut in August from… The post Goldman Sachs downgrades 2025 rate cut forecast   appeared first on Mortgage Strategy.

There was a degree of optimism across the mortgage market this week, with lenders lowering fixed rates and reviewing lending rules. However, as Moneyfacts finance expert Rachel Springall points out, there were fewer brands cutting rates compared to a week prior. There was a weekly… The post Fewer lenders cut rates this week: Moneyfacts appeared first on Mortgage Strategy.

ISS Market Intelligence has bought Autus Data Services, a British broker-focused data firm, to boost its UK presence.   London-based Autus says it provides contact data and fund intelligence on UK finance brokers, including 70,000 firms and 220,000 individuals listed on the Financial Conduct Authority… The post ISS snaps up UK broker data firm Autus   appeared first on Mortgage Strategy.