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managing director


Trying to come up with market forecasts over the past two years has been a bit of a guessing game. However, with almost all restrictions lifted and after 12 months of strong loans in the specialist financial market in 2021, I think we can feel a little more confident for 2022. Although gross lending in …

Eight in 10 consumers are worried about the rising cost of living over the next six months, according to a new YouGov poll. This national survey found that 39% were ‘very worried’ about the cost of living squeeze, with a further 45% describing themselves as ‘quite worried’. The findings come ahead of the Chancellor’s spring …

The financial consequences of Covid may have pushed back the average age of a first time buyer (FTB) by nearly two years, according to calculations by GetAgent.co.uk. The firm argues that with an average gross salary standing at just over £31,000, anyone who joined the government furlough scheme during Covid will have retained an income …

Shutterstock / IR Stone Every real estate market has its winners and losers, and as housing shortages continue to prevail, the transitional sector finds itself in an advantageous position. Whether buyers are looking to restore a broken real estate chain or do a quick renovation, many are using bridging to gain the upper hand. “It’s …

In late February, the Bank of England’s (BoE) Financial Policy Committee (FPC) released its promised consultation on plans to scrap the mortgage affordability test, one of two recommendations first introduced. in 2014. These recommendations include the loan-income stream limit (LTI), which limits the number of mortgages that can be loaned at an LTI ratio greater …

Quantum Mortgages, which confirmed its launch plans late last year, has released details of its green mortgages. The buy-to-let (BTL) specialist says that for properties with an Energy Performance Certificate (EPC) rating of A or B, borrowers will benefit from a reduced completion fee and pay rate. Additionally, the maximum LTV will be increased by …

Pam Brown, the managing partner of Pam Brown Mortgages, recalls attending an event in Santander for the UK’s top mortgage brokers 20 years ago, where the organizer shook hands with his husband and said, “Thank you for your business. Since then, the mortgage industry has made great strides toward diversity, according to Brown, although at …

Pepper Money is now offering its customers free advice on energy efficiency. This consists of carrying out an energy efficiency study on the client’s property, providing an energy performance certificate (EPC) and detailing an action plan to make their property more energy efficient. Pepper says that if the action plan requires funding for improvements, the …

According to Bluestone Mortgages, about 42% of people generally underserved by lenders don’t even apply for a mortgage, despite describing their situation as financially secure. The report finds that among those often underserved in the mortgage market – the self-employed, those with poor credit history or none – around 26% have not tried buying a …

Foundation Home Loans has launched an exclusive buy-to-let range for expatriate homeowners. The broker-only lender says its Foundation’s Expat products are available to non-sspecial purpose vehicle sole proprietors who are UK nationals living as expatriates, as well as borrowers from limited liability companies. The range covers standard BTL, short-term rentals, multi-occupancy homes and green options …

Over 50-year-old mortgage lender LiveMore Capital has secured a £275m funding line with NatWest Markets. The funding will facilitate the growth of LiveMore’s portfolio and the origination of loans for interest-only mortgage products. The lender says it is now able to reinvent end-of-life mortgages and “mobilize the entire financial services industry towards fairer and more …

The cause of renewed investor interest is the search for an alternative to low savings and fixed bank rates, especially among retirees looking for regular, reliable payments that offer a return above inflation. The annual return of an average $100,000 term deposit account is $520 (or 0.5%). The return on the same amount in an …

Affinity Mortgages will now be able to offer Proportunity equity loans to its clients, following the lender’s addition to Proportunity’s panel of brokers. The loans, which help people with limited capital to move up the property ladder, are available to first-time buyers and existing homeowners. Loans are made through brokers only, up to a value …

Shutterstock/Anna evlanova.ru The real estate market exploded last year, including the buy-to-let (BTL) sector. According to UK Finance, BTL buying activity grew to £18 billion in 2021, a colossal 83% increase on activity in 2020. Meanwhile, Shawbrook Bank’s 2021 Buy-to-Let report found that the value of the private rental sector grew by 5.8% in 2021, …

Coming to what is – hopefully – the final round of the Covid pandemic and considering all the changes the past two years have brought to society, the economy and the way we are governed, Mortgage strategy thought it was time to ask a number of lenders what risks they were considering at the start …

Knowledge Bank has added West One Loans buy-to-let criteria to its search platform. West One revamped its buy-to-let loan credentials last month and they have now been included in Knowledge The Bank’s platform, which includes more than 135,000 individual criteria covering more than 270 lenders. West One’s BTL Managing Director, Andrew Ferguson, said: “As a …

Crystal Specialist Finance has attracted investment from the private company Pagos Holdings I Limited. Pagos has taken a passive minority stake, providing funds that Crystal says will be used alongside its own capital reserves to make acquisitions, “which serve mortgage brokers and professional introducers,” Crystal says. She adds that she is currently in “advanced negotiations” …

Housing demand for the whole of 2021 saw an average of 459 registered house hunters per Propertymark member estate agency – the most since 2004, when the 12-month average was 475. However, although January 21 was home to an average of 38 properties per branch – which Propertymark describes as a healthy situation – this …

Enra Specialist Finance has completed a £285m public securitization of lease and second-order loans. It says the mortgage portfolio was created under the company’s West One Loans brand, making it its second public securitization. The order book was oversubscribed twice. The company issued its first transaction in November 2020, and said it would then become …

Danske Bank UK will join the partnership of LMS Panel Link members. This decision will allow the bank to access a panel of conveyancing companies that meet its requirements. The lender’s customers in England and Wales will also have access to fee-assisted mortgage products through LMS. The panel link provider says the two services help …

Demand for super premium properties in London has hit an all-time high with sales of homes worth £10million or more jumping 90% in the past year, according to Coutts. Sales rose to 106 last year from 56 in 2020, driven by sales of high-end properties in Kensington, Notting Hill and Holland Park, according to the …

Belmont Green, parent company of Vida Homeloans, issued its first European residential mortgage-backed security (RMBS) of the year. Named Tower Bridge Funding 2021-2, it has raised £400million through owner-occupied mortgages and lettings. He was backed by Santander, Barclays and Bank of America. Attracting more than £1 billion in demand, Belmont Green managed to price its …

Foundation Home Loans now offers its products in Scotland. Borrowers will be able to access all of the lender’s purchase and remortgage offers for residential and rental properties (BTL). Other changes today include the addition of The Lending Channel to The Foundation’s Distribution Panel and the appointment of Fiona Robertson as the new Regional Account …

Remortgage approvals fell seven points in the third quarter of 2021, according to the latest LMS Remortgage Healthcheck Index. The decline was attributed to slower growth in average endorsement values. The LMS report shows the overall health of the mortgage market and tracks the evolution of four key indicators: the volume and value of mortgage …

A total of £4.4bn – or £12m a day – was borrowed through an equity release product in 2021, a new market report from Key details. The data shows that the number of plans organized during the year increased by 4% to 41,991, while the total value released increased by 28%. The average amount subscribed …

A survey conducted on behalf of Legal & General Home Finance found that 22% of current workers plan to use the value of their home to pay for their retirement. Moreover, of the 4,000 adults surveyed at the end of this year, the survey showed that 35% of all non-retirees own a house but have …

Tuscan Capital has released its first-ever commercial bridging product as part of its 2022 refresh. The new mortgage is available at up to 65% LTV (with exceptions) on loans ranging from £100,000 to £5 million for purchase, refinance or capital raising purposes. The lender will accept applications for commercial premises, offices, warehouses and industrial premises. …

Ian Wilson, director of Halifax Intermediaries and Scottish Widows Bank, has announced his retirement. Wilson joined Halifax as a cashier in Aberdeen over 40 years ago, later becoming director of business development. In 2007 he was appointed Head of Sales for Halifax Intermediaries before taking over responsibility for Scottish Widows Bank in 2019 and becoming …

Together has doubled the size of a long-standing securitization deal to £ 400million, which will support the specialist credit firm’s unregulated bridging loans. The Cheadle-based company said it has increased the size of its Delta Asset Backed Securitization 2 limited facility (DABS) which has sold to investors from £ 200million to £ 400million. He adds …

Landbay said it has reduced some rates on its rental mortgage lineup and added new homes to its green loan portfolio. The rental loan platform reduced rates from 0.14% to 0.29%, with its lowest rate now set at 2.65% for a two-year fixed rate at 65% of the loan-to-value ratio, against 2.85%. Product discount highlights …

As inflation hits the headlines for the first time in decades and interest rates rise despite the spread of Omicron, fixed and variable rates remain in the foreground for many mortgage professionals, and what increases in interest rates will mean for customers. Meanwhile, and perhaps under the radar for many, the issue of Energy Performance …

Like most lenders, the majority of the loans we make to our Rental Landlords (BTLs) are for properties that have changed hands at least once. This is hardly surprising because there are more used goods than new ones for sale. But BTL investors are buying new construction. In the past 17 months, 11% of our …

Shutterstock / nuchao The lease industry has always been an obscure part of the real estate market, with tenants frequently complaining about high service charges, escalating ground rents, unscrupulous landlords and the exorbitant costs of lease extensions. Yet to date, nothing has rocked the lease industry as much as the siding scandal. The fallout from …

House prices in England and Wales will recover from a December drop in the first two months of next year, according to Reallymoving analysis. The firm says that after a monthly drop of 1.1% in December, house prices are expected to rise 2.5% in January 2022 and 0.2% the following month. This equates to an …

Taylor Wimpey told the Competition and Markets Authority that her tenants will no longer see their land rents double every 10 years. The homebuilder also said it would remove the conditions that led it to convert the land rent doubling clauses to a basis for increases on the retail price index. In addition, tenants’ ground …

According to the latest figures from NAEA Propertymark, demand from house hunters has continued to increase despite limited supply. The professional body for estate agency staff released its November housing report that studies the market. He finds that the number of registered buyers per branch increased 12% from October to November. The supply of properties …

The East Midlands had the highest number of new renters registered per rental agency in November, averaging 134, according to a report by Arla Propertymark. In its November Private Rental Sector (PRS) report, the company found the number of registered potential tenants to be the lowest in Wales, where there were on average 26. Overall, …

Panel members David Hollingworth, Associate Director of Communications, London & CountrySarah Tucker, Managing Director, The Mortgage MumMatt Tilbury, Senior Mortgage and Protection Advisor, Just Mortgages Greg Cunnington, Director of Lender Relations and New Homes, Alexander HallMark Pattanshetti, Associate Director, Largemortgageloans.comAaron Strutt, Director of Products and Communications, Trinity FinancialDale Jannels, Managing Director, Impact Specialist FinanceDavid Sheppard, …

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 …

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 …

UK average house prices hit a new record high of £ 272,992 in November, according to the latest Halifax index. That means a monthly change of 1% – the fifth consecutive month of house price increases – and an annual growth rate of 8.2%. Halifax also notes that the quarterly change – up 3.4% – …

Mortgage Advice Bureau has made an undisclosed investment in Heron Financial, which it says will allow it to leverage the mortgage and insurance company’s bespoke software to “improve client and advisor performance.” . The broker listed on AIM adds that the partnership will strengthen its “position in new real estate, to reflect the changing expectations …

Dynamo founder and former managing director Ying Tan has acquired a significant stake in financial technology company Knowledge Bank. Tan, who left mortgage broker Dynamo earlier this year, will join Knowledge Bank’s board of directors as non-executive chairman. Knowledge Bank was created by Nicola Firth and launched in September 2017 to update the most up-to-date …

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 …

Metro Bank has made a number of changes to its buy-to-let (BTL) product line, including increasing the maximum LTV and reducing rates. As noted above, the maximum LTV offered for BTL purchase and remortgages has been increased from 75% LTV to 80% LTV (including for new builds and apartments), although at this level of fees …

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 …

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 …

Kensington Mortgages is launching its first long-term fixed rate mortgages tomorrow, allowing borrowers to freeze their monthly payments between 11 and 40 years. Flexi Fixed for Term offers are priced differently depending on the term chosen and the amount borrowed, but are available up to 95% LTV for new purchases or up to 85% LTV …

The Homes England chief has defended the organization against claims that taxpayers may be overexposed to the risk of loss on his Help to Buy loan portfolio. Speaking to Members of the Housing, Communities and Local Government Committee yesterday, Homes England Managing Director Peter Denton was asked how much risk the taxpayer bears under the …

The average asking price of properties put on the market fell 0.6% or £ 2,044 to £ 342,401 since October, marking the biggest monthly drop since January, according to figures from Rightmove. However, annual price growth continued, with prices up 6.3% year-on-year, down slightly from October’s 6.5% figure. Agents report that many homeowners are getting …

More than £ 1bn of real estate wealth was released in the third quarter of this year, setting the stock release market on track for a record year. These dynamic quarterly figures from Key’s Market Monitor indicate that the total funds released in 2021 could exceed £ 4 billion by the end of the year. …

The Financial Services Compensation Scheme has reduced its projected levy from £833m to £717m for 2022 This is a reduction of 13%, the result of lower-than-expected investment payments and corporate bankruptcies. The FSCS says this means it will not invoke the ‘retail pool’ in the 2021/2022 levy, which means there will be no interim levy …

Bridge loans have returned to the highest levels seen since 2018, according to data from more than a dozen packagers in the industry. Gross lending by contributors to the survey reached £190.24 million in the third quarter of this year, the highest volume since the fourth quarter of 2018. Loans were up 30% to £146.52m …

The Bank of England (BoE) holding the base rate at 0.10% today sparked a frenzy of commentary from market watchers – indeed, it came as a surprise. The majority of commentators so far agree that the decision is a good thing for the mortgage industry. “Despite growing pressures to tackle rising inflation, it’s encouraging to …

Instructions for remortgages increased by 50% in September, according to LMS’s latest remortgage snapshot. Added to this is 108% more remortgages made in September compared to the previous month, while cancellations increased by 0.43 points to 5%. LMS data shows that 45% of borrowers increased their loan size in September, with the average loan increase …

Keystone Property Finance collected cashback on mortgages over £150,000. On the largest loans, the cashback more than doubled. The lender previously paid £750 on loans between £150,000 and £500,000 and £1,000 on loans between £500,001 and £1m. He has now introduced a three-tier system: £1,000 on loans between £150,000 and £400,000 £1,500 on loans between …

Quantum Mortgages has announced its intention to launch in early 2022. A buy-to-lease (BTL) company that will initially focus on professional homeowners “who are underserved by the main street and many other specialist lenders”, it boasts of offering manual underwriting. without automatic credit scoring, as well as an individual approach for each. application. The lender …

Some of the nation’s largest lenders have raised mortgage rates in the past two weeks and, according to many in the industry, more may arrive soon. The Bank of England (BoE) has made no secret that it is considering a hike in key rates early next year and, together with Chancellor Rishi Sunak referring to …

As of this writing, I have recently attended several industry events. Many people in the mortgage industry seem eager to reconnect with the potential risks that still exist, including me! It looks like rental investors (BTLs) are feeling the same, with two busy days at the Consumer Real Estate Investor Fair a few weeks ago. …

Standard Life Home Finance has launched a range of flexible lifetime mortgages with no prepayment charges if a customer moves to a property that does not meet the lender’s criteria. The Horizon products were designed by Key Group, which owns the rights to use the Standard Life Home Finance brand following an agreement in September. …

Unlike other sectors of the mortgage market, which have boomed, commercial real estate has suffered during the pandemic. Empty offices, closed pubs and restaurants and restricted retail outlets have made lenders very nervous about lending in this market. Ironically, one of the least attractive businesses, takeout, has become one of the most successful. However, for …

The Mortgage Strategy Awards, held last month, offered many insights into the state of the industry. And one thing that jumped out at this year’s event was that the future of this industry is in good hands. Smart, ambitious and very energetic – the next generation arriving right now is an impressive group that has …

The industry just celebrated 25 years of Rental Mortgage (BTL), but you’d be forgiven for thinking it’s been around much longer. It seems to have always been there but, like all mortgages, it was introduced for a reason: to fill a gap. We all know BTL is a big part in the transition industry. Much …

When it comes to submitting applications to lenders, a slow turnaround time is the main pet peeve of mortgage brokers. During the first lockdown, when the market had to adapt to remote working, brokers faced new challenges. Subsequently, the stamp duty exemption led to a dramatic increase in demand as borrowers hoped to take advantage …

Mortgage Broker Tools has added Octane Capital to its MBT Affordability research platform panel. Lender specializes in complex BTL loans with no stress tests on residential and semi-commercial assets, freehold multi-unit buildings, multi-occupancy homes, properties over commercial, older community homes local and vacation rentals. Its offers are available to first-time buyers, first-time owners, borrowers with …

According to Rightmove, one million households saved £6.1billion when they moved during the stamp duty holiday. The data from the online estate agent comes after the end of 15-month tax relief in England and Northern Ireland yesterday, after it was introduced by Chancellor Rishi Sunak last July to revive an industry that had stagnated in …

You might be able to go back, but I would be surprised if you remember exactly what you were doing on March 21, 2016. This date, however, was momentous for the entire mortgage market – and in particular for advisers, as it saw the introduction of the Mortgage Credit Directive (MCD) into UK financial services …

Coreco has hired Nick Morrey as Technical Sales Manager to manage his team of brokers. The firm says Morrey will be responsible for growing its team of brokers in London, at its new office in Southend and across the country. He adds that the new technical sales manager “will help provide technical assistance to brokers, …

Santander for Intermediaries will launch two remortgage deals tomorrow (September 9) and make discounts of up to 20 basis points on selected residential products in its new lines of mortgages for new business and product transfer. While the Dudley Building Society claims to have “opened” its line of self-employed mortgages with one year of accounts. …

Anti-money laundering firm SmartSearch has launched SmartDoc, a technology tool that authenticates paper documents used in the real estate, legal and financial services industries. The Leeds-based company, founded in 2005, says the product combines state-of-the-art facial identification technology and machine learning interrogation to check whether these the documents are “authentic and unaltered”. Organized crime gangs …

Wayhome has started buying properties through what he calls a ‘phased homeownership’ model using £ 500million in funding provided by pension providers. The scheme is an alternative to traditional condominiums, but it allows buyers to purchase homes with a 5% down payment and it is not limited to new construction. Wayhome says the program allows …

If you were to become self-employed, you would hire a qualified accountant. If you wanted to write a will, you would hire a qualified lawyer. If you were not well, you would obviously seek advice from a qualified doctor. Using this logic, then, it makes sense that when it comes to your biggest asset – …

Starling Bank acquired Fleet Mortgages for £ 50million in cash plus a stock transaction. This move will see Starling act as the sole funder for the purchase and lease transactions in which Fleet specializes. Starling’s latest business update, released on July 22 of this year, reports that the bank has £ 5.8bn in deposits in …

Transfer panel supplier LMS has struck a deal with the Darlington Building Society that will see the mutual join its panel. The construction company becomes the 29th lender on its LMS Panel Link service. LMS says it offers “a fully vetted secure panel that meets exact company requirements.” He adds that the panel “also provides …

Habito returned to 80% loan-to-value, across its buy-to-lease range for two- and five-year fixed rate products. The online mortgage company has also cut rates for its existing fixed products to 75% LTV over 5 years. Habito’s 80% LTV, two-year fixed rates start at 3.89% and five-year fixed rates start at 4.15%. Its five-year 75% LTV …

We often see very wealthy clients who have significant assets but are having difficulty finding a mortgage due to their income profile. You know the customer profile I’m talking about; you probably meet them a few times a year. They usually have a large, valuable house, which may have been bought by their parents or …

TORONTO, July 14, 2020 (GLOBE NEWSWIRE) – The Downing Street Group, a Toronto-based real estate investment firm, today announced the launch of its $ 100 million private placement offering on DealSquare for Downing Street Premium Yield Mortgage Fund LP (“DSPYM”). Powered by NEO technology, DealSquare is a joint initiative between Silver Maple Ventures and NEO …

Writs filed in the Supreme Court of Victoria document the default of numerous loans to finance developments and allege that investors suffered loss and damage due to the conduct and actions of Oliver Hume. The relief sought includes fair financial compensation, including payment of interest owed and the removal of Oliver Hume as trustee of …

Secure Trust Bank has confirmed it will stop granting new mortgages following consultation. The bank said it would not offer new mortgages to borrowers “until terms become more favourable” and contacted staff about it. The current economic climate, increased competition and pressures in the housing market were highlighted as having contributed to the decision. Existing …

Secure Trust Bank has started a consultation on a proposal to stop granting new mortgages. The lender says the action is taken in light of the current economic climate, increased competition and pressures in the housing market. The company intends to operate as normal throughout the consultation and says there will be no impact on …

The cost of mortgages in the country could drop significantly in the coming days as the government steps up its intervention in the housing sector. The New Times understands that a $ 150 million loan from the World Bank Group is expected to be approved in about a month, and the proceeds from the sale …