Ash Borland, mortgage business coach at Ash Borland Consulting, explains why the best advisers understand that their role is to make sure the client sees the full picture from the start, not have half of it dropped on them at the end.
Allica Bank expands resi AVM bridging proposition
Allica Bank has expanded the use of an automated valuation model (AVM) in its bridging finance proposition. The bank has increased the maximum LTV from 70% to 75% and the maximum loan size for an AVM has moved from £750,000 to £2 million. It says…
The post Allica Bank expands resi AVM bridging proposition appeared first on Mortgage Strategy.
Atom increases LTI for prime and near prime products
Atom bank has improved affordability on its prime and near prime product ranges by increasing its loan-to-income (LTI) on loans up to 90% loan-to-value (LTV). The increase is designed to help borrowers with household incomes between £45,000 to £60,000, with the increase in LTI enabling…
The post Atom increases LTI for prime and near prime products appeared first on Mortgage Strategy.
Gen H promotes Palmer and Dockar departs
Gen H has made three promotions to its senior team and announced the departure of its chief commercial officer Pete Dockar. Sara Palmer will become chief distribution officer, Richard Leivers chief lending officer and Andrew Mackie chief financial officer. Dockar is leaving at the end…
The post Gen H promotes Palmer and Dockar departs appeared first on Mortgage Strategy.
Barclays launches fast-track remortgage service
Barclays will launch a Fast-Track Remortgage service on 7 September with the aim of making remortgaging “faster and more straightforward”. To use the service there must be up to two existing borrowers, borrowing up to 80% of the property’s value with no additional borrowing. The…
The post Barclays launches fast-track remortgage service appeared first on Mortgage Strategy.
‘Boomerang kids’ could cost their parents £17bn a year
Parents whose grown-up children have moved back to the family home could be paying an extra £17bn a year in living costs if they do not seek a contribution to rent or bills, Key Equity Release has found. New research by the later-life mortgage adviser…
The post ‘Boomerang kids’ could cost their parents £17bn a year appeared first on Mortgage Strategy.
HTB appoints development finance lending manager
Hampshire Trust Bank has promoted Athens Piponides to lending manager within its development finance team. Piponides took up the role yesterday after an internal recruitment process. Prior to the promotion, he spent more than two years as a relationship manager at HTB. In his new…
The post HTB appoints development finance lending manager appeared first on Mortgage Strategy.
Hanley Economic launches shared ownership mortgages for foreign nationals
Hanley Economic Building Society has launched two five-year shared ownership mortgage products for foreign nationals living and working in the UK, with no minimum UK residency period. The new range consists of a five-year variable discount mortgage with an initial rate of 5.85%, representing a…
The post Hanley Economic launches shared ownership mortgages for foreign nationals appeared first on Mortgage Strategy.
Stamp duty deterring millions of movers: YBS
Stamp duty is deterring millions of people from moving home and weighing heavily on housing transactions, according to research from Yorkshire Building Society. Reducing barriers to moving and restoring the number of housing transactions back to historic highs could boost the economy by £66bn over…
The post Stamp duty deterring millions of movers: YBS appeared first on Mortgage Strategy.
Pepper, Leeds, Keystone, April and Rely make rate changes
Pepper Money has reduced rates across its residential and buy-to-let (BTL)ranges. The latest changes include lower rates across Pepper Money’s BTL range for both personal and limited company landlords, as well as reductions across residential two-year fixed products up to 75% LTV. Selected five-year fixed…
The post Pepper, Leeds, Keystone, April and Rely make rate changes appeared first on Mortgage Strategy.