Mortgage lending activity contracted by 50% in 1Q 2023

By: ameer@trustedteam.com

Mortgage lending screeched to a deafening halt in the winter, with a mere 1.25 million mortgages originated in the first quarter of the year, per a report published by...

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UK house prices slide in May – Nationwide

By: ameer@trustedteam.com

The UK has seen the biggest drop in UK annual house prices since 2009, according to the latest report from Nationwide. ...

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MPowered Mortgages uses AI to automate application process

By: ameer@trustedteam.com

MPowered Mortgages is now using artificial intelligence tools to speed up and simplify the mortgage application process for brokers and customers.  This is part of a series of platform enhancements to...

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Distressed property buyers expect prices to drop

By: ameer@trustedteam.com

Nearly one-third of distressed property purchasers expect home prices to decline in their local market this year, this sentiment almost doubling from last year, an Auction.com survey found.Most of...

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Planet Home buys assets from Illinois-based lender

By: ameer@trustedteam.com

Planet Home Lending is adding production personnel and a network of 20 retail offices through an acquisition it announced Thursday that will expand its presence in Western markets.Platinum Home...

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New shared-ownership deal from Bucks BS

By: ameer@trustedteam.com

Buckinghamshire Building Society is introducing a new shared ownership proposition with rates slashed by 30bps from their previous offering. ...

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Sorting a mortgage harder than arranging a wedding – Lendinvest

By: ameer@trustedteam.com

A survey by Lendinvest of 1,000 people across the UK, (focusing primarily on the self-employed and those with complex income streams), found that 30% had been rejected for a...

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20 bank lenders with the largest HELOC volume in Q1

By: ameer@trustedteam.com

Enjoy complimentary access to top ideas and insights — selected by our editors. The top five lenders in our ranking have a combined HELOC volume of more than $91...

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Hanley BS launches two-year fee-free fix

By: ameer@trustedteam.com

Hanley Economic Building Society is launching a fee-free two-year fixed rate shared ownership mortgage available up to 95% loan-to-value (LTV) with a headline rate of 5.64%. The product will offer...

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Feature: Is digital advice the future ­or a passing fad?

By: ameer@trustedteam.com

Robo advisers and digital brokers were hailed as the new ‘big thing’ in mortgages six or seven years ago. Fintech firms predicted game-changing, artificial intelligence mortgage brokering that would...

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