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The Knowledge Bank is bringing back its “Twelve Days of Christmas” campaign in December, following its immense popularity in previous years. This will be the fourth year that the criteria search system has organized the daily raffle, with freebies given to participants every working day from December 1 to 17. To participate, brokers simply need …

Every year, Investec conducts a survey – GP Trends – in which we talk to hundreds of people working in private equity (PE). And every year, respondents tend to agree on one thing: Financial service providers do not understand their income profile. Not only 69% of UK respondents agreed with this statement, but it has …

The average number of potential new tenants per rental agency fell from 83 in September to 71 in October, according to Arla Propertymark. It is in the Northwest that we look the most, with an average of 163 potential tenants per branch. Yorkshire and Humberside, Wales and Northern Ireland jointly have the fewest tenants per …

United Trust Bank has named Mike Walters to lead its restructured mortgage sales team. Walters, whose title was previously “Sales Manager – Real Estate Intermediaries”, will now become “Sales Manager – Mortgages” and will be responsible for the bank’s first mortgage and second charge products. Large accounts, including specialty distributors, packers and major brokers, will …

Net mortgage borrowing in October stood at £ 1.6bn, according to new statistics from the Bank of England (BoE), significantly lower than the £ 9.3bn recorded in September and the highest amount low recorded since July 2021. The BoE says the drop was driven by borrowing “postponed to September to take advantage of the stamp …

The government has launched its new ‘Help to Build’ equity loan program, designed to help home builders in England access low deposit mortgage finance. Full details of the program, which will be managed by Homes England, have been released by the Department for Housing, Communities and Local Government. The outlines of the device were initially …

Image by Shutterstock / Ufuk ZIVANA Equity release professionals appear to be teeming with positivity amid record loan numbers and product selection, as well as low rates. Although many concede that the historically negative reputation of the industry still influences consumers, when Mortgage strategy polled the industry, the mood was surprisingly optimistic about the business …

The founders of Nested are launching an equity loan product similar to Help to Buy with plans to start lending by the end of this year. Unlike the government-run program, buyers will not be limited to new construction. The loans will be interest-free, with the lender benefiting instead from a capital appreciation. The lender, called …

According to a study by Key, two-thirds of equity release borrowers involve family or friends in their decision. The lender found that only 4% of those who consulted with their family said their relatives and friends were skeptical about their plans. Equity release counselors usually encourage borrowers to talk to loved ones before taking out …

Shutterstock / Photo_imagery / Léon Parks When it comes to obtaining mortgage financing, independent borrowers have always faced a number of additional hurdles compared to their salaried counterparts. But this disparity has worsened since the Covid-19 pandemic. Given the recent rise in house prices, extensive affordability calculations, lingering economic uncertainty, and a health crisis that …