Mortgage Finance Gazette
WEBEstablished in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.
Secret commissions: Court ruling provides clarity for lenders and ...
WEBApr 6, 2021 · The Court of Appeal also upheld that, the commissions paid by the lender to the broker were fully secret commissions on the basis that a general term in the Broker’s terms of business stating that commission may be received was not sufficient to negate secrecy. The Judgment also confirmed that if the bribe or secret commission is a “half ...
Ten of the biggest fraud and money laundering scandals from the …
WEBJan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary …
Mortgage clubs: Keeping ahead of the tech and value curve
WEBJun 12, 2019 · In 2018, Legal & General Mortgage Club saw lending through regional building societies rise 17% year-on-year, contributing £1 in every £10 lent through the club. Eight new building societies were added to the club’s panel over the course of the year, taking the number of mutuals to 31, and this number has since risen.
Halifax Intermediaries debuts sub 4% loan, cuts resi rates by up to ...
WEBFeb 14, 2023 · And a 10-year purchase fixed-rate repayment and interest-only offer at up to 75% LTV, with a £999 fee, at 4.04%, also down by 36bps. Minimum loan £25,000, Maximum loan £1m. Halifax Intermediaries and Scottish Widows Bank head Amanda Bryden says: “On 15 February, we’re making cuts of up to 36bps across our fixed-rate homebuyer mortgage range.
Barclays improves Family Springboard Mortgage
WEBJun 24, 2019 · The interest rate tracks a margin of 1.50% above the Bank of England Base Rate. The five-year interest rate is 2.95% if the borrower has no deposit or 2.75% if they can provide a 5% deposit. Loans are from available from £5,000 to £500,000. Hannah Bernard, head of Barclays Mortgages, said: “Since the launch of our Family Springboard ...
Legal & General and Smartr365 partner in ‘first of its kind ...
WEBFeb 10, 2021 · Clare Beardmore, head of mortgage transformation and operations at Legal & General, said: “We’re committed to developing technology that helps to improve the working capabilities of our intermediary partners. “The announcement of [the] partnership with Smartr365 is a first of its kind integration and reflects Legal & General’s objective ...
Leasehold issues for lenders: Forfeiture and disclaimer of leases
WEBMar 15, 2018 · The overall growth in leasehold ownership is resulting in lenders increasingly finding themselves having to grapple with issues affecting their leasehold securities – both in connection with shared ownership and conventional long leasehold properties. Risk of forfeiture Where a borrower defaults on monies due under the lease (usually service ...
OneSavings Bank and Charter Court merger completes
WEBOct 7, 2019 · Today sees the completion of the combination between OneSavings Bank plc and Charter Court Financial Services Group plc.
Fleet Mortgages debuts green loan for landlords
WEBSep 13, 2022 · Fleet Mortgages has launched new buy-to-let green mortgages and brought back 65% loan-to-value products across its core ranges. The BTL specialist lender says its new green five-year fixes available at 75% LTV are available to landlords looking to purchase, or remortgage, properties which have an …
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