2023 – year of mismatch between buyer and seller expectations

By: ameer@trustedteam.com

The mismatch between what price sellers expected to achieve on their home and what buyers were prepared to pay often prompted more negotiation last year, according to the latest...

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MFS cuts resi and BTL mortgage rates   

By: ameer@trustedteam.com

Market Financial Solutions (MFS) has reduced rates across its residential bridging and buy-to-let mortgage product ranges. The specialist lender has reduced variable bridging rates across its fixed and variable products, impacting...

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Broker mortgage searches get off to record January start: Twenty7tec 

By: ameer@trustedteam.com

Last week was the busiest-ever January start for mortgage searches, data from Twenty7tec shows.  The criteria platform says Wednesday (3 January) followed by Thursday (4 January) were the two busiest days ever...

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Guardian expands life cover product range

By: ameer@trustedteam.com

Protection challenger Guardian is to expand its life cover product range to provide more choice for customers. It said the product enhancement will include the launch of a low-cost life...

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Keystone enhances broker portal to speed up submissions

By: ameer@trustedteam.com

Keystone Property Finance has upgraded its broker portal to make it easier and quicker for advisers to submit cases. The buy-to-let lender has implemented two key changes to its cloud-based...

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Broker loan searches post record January start: Twenty7tec 

By: ameer@trustedteam.com

Last week was the busiest-ever January start for mortgage searches, data from Twenty7tec shows.  ...

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Keystone upgrades portal to boost submission speeds

By: ameer@trustedteam.com

Keystone Property Finance has upgraded its broker portal to make it easier and quicker for advisers to submit cases. ...

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Fewer homes will take a price cut in spring 2024

By: ameer@trustedteam.com

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were...

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Pennymac TPO hires former Citizens Bank mortgage executive

By: ameer@trustedteam.com

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker...

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CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages

By: ameer@trustedteam.com

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending...

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