Ami plans mentoring programme for mortgage industry

By: ameer@trustedteam.com

The sector-wide scheme is currently under development and will see the industry come together for 1-2-1 and reverse mentoring opportunities. The announcement comes on International Mentoring Day, today, 17...

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Cleared credit cards will not count towards affordability assessments: Santander

By: ameer@trustedteam.com

The high street lender says if a credit card balance has been paid in full each month for at least the last six months before application, this will not be included in...

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LendInvest seals £300m Lloyds funding ahead of resi rollout 

By: ameer@trustedteam.com

LendInvest has announced an increase to its warehouse funding line from Lloyds Bank to £300m ahead of its entry into the UK home loans market.    The property platform says...

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HSBC reduces rates by up to 15 basis points

By: ameer@trustedteam.com

HSBC has made cuts across over 100 of its residential and buy-to-let (BTL) range and brought in £250 cashback for certain two-year fixes at 80% LTV to 90% LTV. Residential...

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Mortgage Magic adds credit reporting to platform

By: ameer@trustedteam.com

Mortgage Magic has integrated credit report interrogation into its platform through a partnership with credit agency TransUnion. The new function allows broker clients to fill in their fact find with...

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Bluestone Mortgages cuts resi, BTL rates by up to 50bps  

By: ameer@trustedteam.com

Bluestone Mortgages has launched rate cuts across its fixed-rate residential and buy-to-let mortgages of up to 50 basis points.   The specialist lender says the reductions run across its two-,...

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Brokers question timing of OSFI’s proposed rule changes

By: ameer@trustedteam.com

Some in the industry are openly questioning the timing behind OSFI’s proposed underwriting changes. Several mortgage brokers contacted by CMT suggest the banking regulator is late to the party...

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Rents jump 12% to record £71.5bn total in 2022: Hamptons 

By: ameer@trustedteam.com

The amount private tenants spent on rent jumped by 11.8% to a record £71.5bn in England and Wales in 2022, according to data from Hamptons, which also shows that...

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Property prices tick up in January: Rightmove

By: ameer@trustedteam.com

There was a 0.9% rise in house prices on a monthly basis in January, says Rightmove. This comes off the back of two monthly price drops in a row and...

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Skipton cuts rates on government scheme mortgages

By: ameer@trustedteam.com

Skipton Building Society is cutting rates across its government scheme mortgage products. The lender, owner of Connells Group, is cutting rates on two- and five-year fixes in the schemes by...

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