Metro Bank outlines hundreds of job cuts as part of £50m cost savings plan   

By: ameer@trustedteam.com

Metro Bank plans to make hundreds of job cuts as it reviews seven-day opening hours and implements £50m of cost savings.   The move comes after reports say that it...

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LBS enhances criteria for newly qualified professionals

By: ameer@trustedteam.com

Loughborough Building Society has enhanced its criteria for newly qualified professionals and those with benefits income. ...

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CHL Mortgages launches landlord rates starting at 3.65%  

By: ameer@trustedteam.com

CHL Mortgages has expanded its product range, and now includes standard buy-to-let two-year fixed-rate mortgages up to 65% loan to value that start at 3.65%.   ...

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Subprime mortgage delinquencies drift higher than last year

By: ameer@trustedteam.com

A small number of subprime mortgages that are outstanding are seeing higher year-over-year delinquencies in all categories, echoing broader market trends for that credit band.Home loans that were 30...

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Barclays cuts five-year resi fixes with prices starting at 4.39%

By: ameer@trustedteam.com

Barclays has made a second round of residential rate cuts in a week, which sees five-year fixed-rate deals reduced by 39 basis points to 4.39%.    ...

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Heritage and People’s Choice reveals new name

By: ameer@trustedteam.com

Since the merger, the group has been focused on creating a new single brand, rather than adopting a multibrand approach, in order to “create a strong new national brand...

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In Memoriam: Cameron Small, 1969–2023

By: ameer@trustedteam.com

Mr Small, who had worked in the finance industry for over 35-plus years and had been a well-respected and prominent chief financial officer (CFO), passed away on Tuesday (28...

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Mr. Cooper faces six class action suits after cyberattack

By: ameer@trustedteam.com

Two more class action suits have been filed against Mr. Cooper regarding its recent cybersecurity incident, bringing the tally of related pending litigation to six cases.The cyberattack, which shut...

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Molo slashes rates on fixed rate deals

By: ameer@trustedteam.com

Molo Finance has announced an up to 80bps reduction in pricing across its fixed-rate product range. The new rates are effective from 29 November. Rate reductions for Resident buy-to-let include: Individual...

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Richard Merrett rejoins Alexander Hall as managing director

By: ameer@trustedteam.com

Richard Merrett has been appointed managing director of mortgage broker Alexander Hall. He replaces Tom Davies who resigned today (29 November) after being poached by Leaders Romans Group (LRG). Merrett, who...

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