Virgin Money reports 2% decline in mortgage balances for H1

By: ameer@trustedteam.com

Virgin Money has reported a 2% decrease in mortgage balances in the first half of the year at £56.6 billion, reflecting a “subdued market”.  The lender says that customer demand...

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Strong growth in second charge mortgage market

By: ameer@trustedteam.com

The second charge mortgage sector has enjoyed a strong start to 2024, with new business continuing to grow.  Latest figures show that in the first quarter of 2024 new business...

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Access Financial Services hires new director of compliance

By: ameer@trustedteam.com

Mortgage and protection firm Access Financial Services has appointed Jeremy Lock as its new director of compliance. Lock joins from Absolute Return Investment Advisers (ARIA) where he was head of...

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Scotland sees strongest house price growth for 12 months

By: ameer@trustedteam.com

The housing market in Scotland appears to be recovering, with property prices rising by 1.9% over the last year. This is strongest growth for 12 months, with house prices rising...

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How to calibrate mortgage employee comp for uncertain times

By: ameer@trustedteam.com

Crafting a compensation package that allows mortgage companies to recruit or retain the employees they desire has to strike a balance between offering a competitive amount and ensuring it...

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Protect yourself from being Gazumped

By: ameer@trustedteam.com

In real estate, being gazumped means a seller has accepted your offer to buy their property but ditches it when a higher offer comes along. The practice of gazumping...

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Six ways to get a loan with bad credit

By: ameer@trustedteam.com

It can be difficult to secure a home loan with a bad credit history but there are some ways you can improve your chances. ...

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Kensington cuts rates on resi and BTL products

By: ameer@trustedteam.com

Kensington Mortgages has lowered rates across its residential and buy-to-let (BTL) products.  Rates have been reduced by up to 33 basis points across residential select and core products, up to...

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Over a million ‘gamble with retirements’ on ultra-long mortgages: LCP   

By: ameer@trustedteam.com

More than a million people took out home loans that will run into their pensions over the last three years, forcing young people “to gamble with their retirements,” says consultancy LCP.   The...

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Landbay cuts stress testing requirements on like-for-like remortgages

By: ameer@trustedteam.com

Landbay has lowered stress testing requirements on its like-for-like remortgage range. For landlords with no changes to their current borrowing requirements, the like-for-like product range offers four different two-year fix...

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