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Mortgage strategy


The Financial Services Compensation Scheme (FSCS) declared 16 companies in default, including several offering mortgage advice, between October 1 and November 30. As companies have gone out of business and the FSCS believes they are unable to respond to complaints themselves, customers to whom they owe money may be able to obtain compensation through through …

United Trust Bank (UTB) has integrated Hometrack AVM (Automated Valuation Model) research into its relay broker portal. AVM is now available for new rapid transition and standard applications. The service enhancement allows brokers submitting Inquiries and Policy Decisions (Dips) through the Bridge Broker Portal to perform a 24-hour Hometrack AVM search and get an instant …

Sustainable thinking leads to green change Ivan GuerreiroLoans Officer, Newcastle Intermediaries Cop26 ended with countless promises and initiatives promising to bring about the green change we need to preserve our world. In terms of housing, green initiatives have been more difficult to start. These days have been littered with projects that have failed or have …

Tenants live in “dangerous or precarious conditions with limited ability to exercise their rights,” according to a report from the National Audit Office. The government body found that a “worrying proportion” of the 4.4 million privately rented households in England live in poor conditions, in its survey entitled Regulation of Private Renting. It indicates that …

Shutterstock / Pictrider Mortgage brokers are encouraged to improve their knowledge of the equity release market, although they do not intend to provide product advice themselves. Experts in the field say all advisors should have a general understanding of loan options later in life in order to identify clients who might be better suited for …

Mortgage and protection aggregator Pivotal Growth has bought Scottish mortgage broker Lifetime Finance Group for an undisclosed amount. The aggregator says Lifetime Finance Group was founded 25 years ago and is one of the largest mortgage brokers in Scotland, with a particular focus on advising entrepreneurs and independent clients. Pivotal Growth is a joint venture …

Nearly half of homeowners under the age of 40 entered the real estate ladder “much later” than expected, according to new research from the Equity Release Council, which it says highlights a more relaxed attitude to. with respect to debt later in life. The professional body says 45% of young homeowners with a mortgage delayed …

MPowered Mortgages has launched an Eco EPC range, which offers a 10 basis point discount on rates for all properties with an energy rating of A, B or C. The digital platform indicates that the discount on its new green range is available on the range’s two, five and seven year fixed rate products (excluding …

Hanley Economic Building Society launched two residential fixed rate mortgages. The first is a fixed rate mortgage of just 1.75% over two years and 80% LTV, which comes with a free standard appraisal and free legal fees. The second is a five-year 95% LTV fixed rate offer with an aggregate rate of 3.45%, which is …

Thousands of adult children are expected to receive Christmas presents, as nearly two-thirds of parents have already helped them buy a home by spending an average of £ 32,440 for deposits, according to Zoopla. The real estate website said 64% of parents helped their kids buy their first home, with 24% of parents saying their …