House prices rise 10.3% in November: ONS

By: ameer@trustedteam.com

The average house price in the UK went up by 10.3% in November 2022 on an annual basis, says the Office for National Statistics (ONS). This is down from the...

Read More

MPowered Mortgages cuts 3- and 5-year rates by up to 27bps  

By: ameer@trustedteam.com

MPowered Mortgages has cut rates across its suite of five-year fixed products for homebuyers and remortgagers, and all three-year fixed deals to 75% loan to value by up to...

Read More

Dynamo for Intermediaries selects LMS conveyancing portal   

By: ameer@trustedteam.com

Dynamo for Intermediaries has chosen the LMS SELECT portal to support its conveyancing quote and instruction work.   The network says that its “brokers can find the right conveyancing product...

Read More

Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months

By: ameer@trustedteam.com

Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market. The average contract interest rate for 30-year fixed-rate mortgages decreased last...

Read More

Dynamo for Intermediaries picks LMS conveyancing platform   

By: ameer@trustedteam.com

The network says that its “brokers can find the right conveyancing product for their customers and access real-time quotes delivered in under 30 seconds with straightforward breakdowns from law...

Read More

MPowered reduces 3- and 5-year homebuyer rates by up to 27bps  

By: ameer@trustedteam.com

The fintech lender says, on its prime three-year fixed products, with a £999 arrangement fee, it has reduced rates by 20bps, with loans now starting at 4.54%. For borrowers...

Read More

How the FTC’s proposed ban on noncompetes could impact lenders

By: ameer@trustedteam.com

The Federal Trade Commission's proposed rule banning noncompetes is likely to have a substantial impact on the mortgage industry if it is enacted. The proposed legislation will not only ban...

Read More

House prices slump in November by 0.3%

By: ameer@trustedteam.com

House prices fell by 0.3% between October and November meaning the average UK property is valued at £295,000, according to the Office for National Statistics (ONS). ...

Read More

Pennymac looks to capitalize on Wells Fargo’s correspondent exit

By: ameer@trustedteam.com

Pennymac, the country’s largest correspondent lender with about 14% market share, has its eyes fixed on absorbing origination volume that Wells Fargo is leaving behind in the correspondent channel.  The...

Read More

MT Finance becomes full member of Imla

By: ameer@trustedteam.com

MT Finance has become the latest full member to join the Intermediary Mortgage Lenders Association (Imla). The addition of MT Finance brings Imla’s combined number of members to 69, comprising...

Read More