Sesame Network expands lending panel by adding Tandem Bank

By: ameer@trustedteam.com

Sesame Network has added Tandem Bank to its lending panel.     ...

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Precise Mortgages relaxes ICR tests for property investors 

By: ameer@trustedteam.com

Precise Mortgages has lowered its interest cover ratio assessments and stress rates for landlords.  ...

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Precise Mortgages lowers ICR tests for landlords 

By: ameer@trustedteam.com

Precise Mortgages has lowered its interest cover ratio assessments and stress rates for landlords.  The specialist lender says it has simplified its minimum interest cover ratio rules for personal ownership applications,...

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Prime London buyer demand dips in third quarter

By: ameer@trustedteam.com

Overall demand for prime and super prime London property has fallen in the past quarter, according to the latest Prime London Buyer Demand Index by London lettings and estate...

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Nottingham Building Society boosts proc fees, cuts rates 

By: ameer@trustedteam.com

Nottingham Building Society has lifted broker procuration fees to 30 basis points on all residential retention products, cut rates and launched new residential deals.  Highlights of the mutual’s changes include:  Cutting...

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Aviva pays £460m for AIG’s UK protection business

By: ameer@trustedteam.com

Aviva is to acquire American International Group’s (AIG) UK protection business for £460m. Aviva will acquire AIG Life UK from Corebridge Financial, a subsidiary of AIG. It said that AIG Life...

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Rental demand shifting away from London: Barrows and Forrester

By: ameer@trustedteam.com

Rental demand has surged in most parts of the UK but continues to fall in London, the latest figures from estate and lettings agent Barrows and Forrester shows. Its rental...

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UTB to start accepting ‘passing rent’ figures

By: ameer@trustedteam.com

United Trust Bank (UTB) is to start accepting passing rent figures declared by landlords to a maximum of 10% over the rent verified by a valuer. The bank describes it...

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Ginnie Mae changes HMBS pool eligibility requirements to address liquidity challenges

By: ameer@trustedteam.com

The Government National Mortgage Association (Ginnie Mae) on Friday announced a new policy for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, now allowing the securitization of multiple...

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Wells Fargo hires a D.C., Wall Street insider as its latest vice chair

By: ameer@trustedteam.com

Thomas Nides, who will join Wells Fargo next month, said in a statement that he's "excited to join Wells Fargo at this pivotal time in the company's transformation journey."Kobi...

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