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Foundation launches limited-edition buy-to-let fixes at 75% LTV
1+ day, 11+ hour ago (229+ words) The intermediary-only specialist lender said the new two-year fixed-rate products are available within its F1 range, which is aimed at landlord borrowers with an almost clean credit history. The products include a limited-edition option priced at 4. 44% and a green option priced…...
Gen H doubles one-touch underwrites on complex mortgage cases
2+ day, 16+ hour ago (344+ words) The fintech mortgage lender said the improvement had been achieved despite a rise in case complexity, with the number of medium-to-high complexity cases increasing by 10% over the same period. One-touch underwrites are cases where an underwriter is able to issue…...
Mortgage firms identify fewer vulnerable customers than FCA benchmark
4+ day, 3+ hour ago (564+ words) Data from the Morgan Ash Resilience System, known as MARS, found that 36% of mortgage customers assessed through the platform were vulnerable, compared with 42% among advice firms and 48% in the insurance sector. The figures are based on three years of vulnerable…...
Offa joins Knowledge Bank to expand broker reach
4+ day, 21+ hour ago (221+ words) The agreement will see Offa's criteria added to Knowledge Bank, the property finance criteria search platform used by brokers to identify lenders and product options for client cases. Offa said the move formed part of a wider strategy to strengthen…...
Afin Bank promotes Rob Lankey to chief commercial officer
4+ day, 14+ hour ago (297+ words) Lankey (pictured) joined Afin as director of credit during its launch phase last year, before becoming national sales director at the start of this year as the bank expanded its sales team with the appointment of several business development managers....
Steve Caruthers on understanding how lenders operate
1+ week, 1+ day ago (882+ words) Carruthers has more than extensive experience from across the mortgage and lending ecosystem, with a strong track record of driving commercial growth and forging lasting industry relationships. At a time of growing demand for end-to-end mortgage technology platforms that go…...
Gen H puts underwriters on front line of broker enquiries
1+ week, 3+ day ago (337+ words) Under the new model, Gen H's underwriting team will now directly handle inbound broker email enquiries, while the sales team focuses fully on relationship management across the lender's intermediary panel. The lender said the change is intended to give brokers…...
Afin Bank appoints Beth Jeffs to lead product strategy
1+ week, 5+ day ago (414+ words) Jeffs (pictured) joins from Nottingham Building Society, where she was senior mortgage propositions manager. She has also held product and credit risk roles at HSBC, Coventry Building Society and Sainsbury's Bank. In her new role, she will oversee the strategy…...
The Right Mortgage adds TAB to lender panel
2+ week, 1+ day ago (243+ words) The move gives advisers at The Right Mortgage & Protection Network access to TAB's mortgage and bridging finance products. TAB's mortgage rates start from 3. 5% per annum and Bank of England Base Rate, while its bridging finance rates start from 0. 68% per month....
Foundation relaunches ERC3 buy-to-let products
2+ week, 3+ day ago (491+ words) The intermediary-only lender confirmed the return of its ERC3 fixed-rate mortgage, which applies early repayment charges for only the first three years of a 5-year fixed term. The product relaunch forms part of a wider refresh of Foundation's standard and specialist…...