Paul Lewis (pictured) is national development manager at Mansfield Building Society We hear so much about the ‘Bank of Mum & Dad’ – its ‘top 10 lender status’ and its ability to help children onto the property ladder – that we sometimes forget there is a bigger family unit that is often willing and able [...]
House price growth across UK cities has reduced steadily across 2018 and currently stands at +2.7% when comparing December 2018 with December 2017, Zoopla’s UK Cities House Price Index has found. The slowdown has been driven by price falls in London (-0.2%) and Cambridge, which has seen prices drop 3.8% annually while the rate of [...]
Aventria Group is working on integrating its conveyancing quotation solution with Twenty7Tec’s MortgageSource system. When complete, the Aventria platform will be seamlessly integrated via API, meaning MortgageSource users will not need to re-key data between the two respective platforms to obtain a conveyancing quote. Alan Young, chief commercial officer at Aventria Group, said: “We are delighted to be working with the team at Twenty7Tec [...]
Young people are much more likely to be rejected for a mortgage, with four in 10 (41%) 18 to 24-year-old homeowners being turned down for a mortgage before buying their current home. Which? Mortgage Advisers research found the proportion of homeowners with failed applications dropped to 15% for 35 to 44-year-olds and 8% for those [...]
GI expert Cavere Group has launched Cavere Intermediary (CI), a competitor to the likes of Uinsure, Source Insurance and Berkley Alexander. The new master broker hopes to shake up the market with its technological background and access to A-rated insurance brands. Cavere Intermediary works on a sole provision basis, where it supplies different brokers with [...]
Omni Capital Retail Finance, owned by Castle Trust Capital, is set to use an automated decisioning platform from LendingMetrics. The finance provider has chosen Lending Metrics’ ADP platform to support its OmniPort credit approval system, which allows customers to purchase immediately at point of sale using a paperless e-signature. Neil Williams, managing director of LendingMetrics, [...]
Vida Homeloans has refreshed its residential and buy-to-let product ranges with widespread rate cuts. The lender has cut half of the initial residential rates, as they now start from 2.94% for 2-year fixed and 3.54% for 5-year, while fixed revert rates have been cut by between 0.10% and 0.20%. The range will also include a [...]
Twenty7Tec has appointed Niki Cooke as head of intermediary and Jake Tucker as national account manager. Cooke will be reporting to Phil Bailey in his role as sales and marketing director and Tucker will be reporting to Cooke. James Tucker, chief executive at Twenty7Tec, said: “I am delighted to welcome Niki, Jake and all of [...]
Santander Mortgages has launched three residential mortgages with rates starting at just 2.45% with £1,000 cashback bonus on completion, no product fee and a free standard property valuation. The three deals all have a minimum loan size of £75,000. There’s a 2.45% rate at 85% LTV, 2.65% at 90% LTV and 3.60% at 95%. Miguel [...]
Annual house price growth continued to slow to 0.6%, its lowest level since April 2012, the Your Move House Price Index for England and Wales has found. Meanwhile prices rose in December for the fifth month in a row – up 0.3%, or £875, In nominal terms house prices are up by £1,690 over the last [...]