News
Molo hires French as COO
4+ day, 11+ hour ago (267+ words) Molo has appointed Lynne French chief operations officer (COO). French brings operational expertise across the mortgage sector. Most recently, she served as director of secured lending operations at Chetwood Bank where she oversaw both of the bank’s lending brands – CHL…...
Nationwide and Virgin Money raise rates by up to 35bps
5+ day, 5+ hour ago (300+ words) Nationwide and Virgin Money are increasing a range of mortgage rates from 16 July, with fixed-rate deals rising by as much as 35bps. Nationwide said it will increase selected fixed and tracker rates by up to 35bps. The increase will apply to products…...
Charles Street hires Ibn-Abdul as BDM for Midlands and South West
5+ day, 8+ hour ago (260+ words) Charles Street Finance has appointed Amjad Ibn-Abdul as a business development manager in the Midlands and South West. A former adviser with mainstream banks including HSBC, Lloyds and RBS, Ibn-Abdul joins from London-based lender Lakeshield, where he was a business…...
West Brom BS reduces rates across two-year purchase range
1+ week, 3+ day ago (199+ words) West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range, with cuts of up to 0.18%. The latest changes apply across all two-year purchase products. At 95% LTV, the West Brom has reduced its two-year fixed purchase product…...
West One joins Primis' bridging panel
1+ week, 4+ day ago (189+ words) Primis has added specialist lender West One to its panel of approved bridging lenders. The move gives Primis brokers access to West One’s range of bridging products alongside the lender’s residential and buy-to-let product suites. West One offers both first…...
NatWest, Landbay and Molo become latest lenders to cut rates – Mortgage Strategy
1+ week, 4+ day ago (418+ words) NatWest, Landbay and Molo have announced rate reductions, joining a number of other lenders this week. NatWest has made rate reductions on its existing customer product range, effective 9 July but no further details have been announced. Meanwhile, Landbay has made…...
GB Bank hires Shirwani to lead new bridging team
1+ week, 4+ day ago (238+ words) GB Bank has appointed Asim Shirwani as head of bridging to lead a new bridging team. Shirwani brings nearly 20 years of experience across both bank and non-bank lending, covering short-term bridging finance and longer-term property finance structures. Previously he has…...
Barclays chops rates by up to 66bps amid further lender cuts
1+ week, 5+ day ago (291+ words) Barclays is cutting residential rates by up to 66 basis points tomorrow, while Accord and Foundation are lowering buy-to-let prices. Competition among lenders has been heating up this week with a wave of price reductions by brands including Halifax, Nationwide and…...
Nationwide, Virgin and GB Bank reduce rates
2+ week, 6+ hour ago (912+ words) Nationwide is making further rate cuts across its fixed rate mortgage range and lowering the price on selected tracker mortgage products, effective tomorrow. The new fixed rates include remortgage reductions of up to 0.19% across two-, three-, five- and 10-year fixed…...
Coventry to raise rates on resi deals and trim others
2+ week, 11+ hour ago (168+ words) Coventry Building Society is raising rates on a host of residential fixed rates on Wednesday, while also trimming some prices. The lender has not revealed the scale of the increases, but has given brokers two days’ notice that some deals…...