New post created at SimplyBiz
SimplyBiz Mortgages has announced the creation of a new job, the head of strategic development and as well as revealing the chosen candidate to fill this post. Richard Merrett is the man that the company has decided to recruit to take on this new role and he will be...
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Drop in fees for fixed rate mortgages
A new report published by Moneyfacts shows that there has been a year-on-year drop in the average fee levels for certain types of mortgages. The report found that the average fees charged for fixed rate mortgage loans has dropped from £1,047 at the end of last year,...
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October saw rise in mortgage borrowing
The latest figures to be released by the Bank of England show that the net total from mortgage borrowing during October rose, but there was a small drop in the number of mortgage approvals. The net figure from mortgage borrowing hit £4.3 billion for that month, which...
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First woman appointed as committee chair for IMLA
A new committee chair has been appointed by the Intermediary Mortgage Lenders Association (IMLA) and it is the first time a female has been appointed to the role in the organisation’s history. Louisa Sedgwick has been chosen for the role, to which she will bring years...
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Study shows mortgage advisors must be tech savvy to succeed
Technology is beginning to impact upon the intermediary mortgage sector, as it has upon so many other areas of the financial industry, and advisors must be able to use it to their advantage to succeed in 2020. A recent report that the IMLA published found that, based...
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New 10-year RIO mortgage option launched by The Nottingham
The launch of a new fixed rate 10-year retirement interest-only (RIO) mortgage has been confirmed by The Nottingham for Intermediaries website, and it is set to take the place of the seven-year mortgage it offered before. The interest rate for this new mortgage will...
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Mortgage-free home sales decline
The percentage of UK homes that were purchased mortgage-free during the first half of 2019 dropped to the lowest point since records began, a new report by Hamptons International shows. The proportion of houses that were bought using cash for that period was 28%,...
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Why advisors with CeMAP training will be in demand among landlords next year
It is always worth paying attention to the latest research and statistics from the housing and mortgage sectors and a recent report into buy-to-let landlords could make a major difference for mortgage advisors in 2020. Among the figures uncovered by BVA BDRC in its...
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Significant house price spike expected by Savills
The average cost of a house in the UK could be set to rise steeply during the next half decade, according to Savills. New information that the firm has uncovered suggests that the average price of a home could increase by as much as 15% during that period, although...
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New housing pledge made by Liberal Democrats
The Liberal Democrats have stated that they will increase the number of homes built in the UK, as well as setting up a new scheme to help renters, should they win a majority in the upcoming election. The party’s manifesto includes a policy for the annual construction...
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New crop of advisors hired by Just Mortgages
Mortgage service provider Just Mortgages has announced that it hired a number of new self-employed mortgage advisors last month and has plans for more recruitment before the close of 2019. The company brought in 20 additional advisors to work within its self-employed...
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Mortgage advisors encouraged to forget protection gap
Mortgage advisors attending a conference have been urged to focus less on the protection gap and concentrate on doing all that they can to boost protection coverage using their skills. The term ‘protection gap’ refers to the sum that people in the UK are currently...
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House building rates hit 30-year high
The latest data released by the government indicates that the number of new houses being constructed in England is the highest it has been for close to three decades. In the year ending on 31st March, 2019, 241,130 new houses were built in total, which represents a...
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Low rates supported mortgage sector last month
The latest figures released by e.surv, the chartered surveyors, show that the number of mortgage approvals for October remained roughly the same as that for September – thanks to competitive rates offered by lenders. The monthly Mortgage Monitor from e.surv found that...
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Accord updates policy on self-employed mortgage applications
Accord Mortgages has announced that it will be taking steps to make it easier for those who are self-employed to secure a mortgage, by cutting the amount of financial evidence they need to provide. In the future, anyone who works on a self-employed basis who applies...
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The London Institute
Of Banking & Finance
Recognised CeMAP® Learning Support Provider
Recognition Statement
This learning support is recognised by The London Institute of Banking & Finance as being an appropriate additional resource for students undertaking its CeMap qualifications
