Mortgage approvals up at 40,000 compared to just 9,270 in May

“Net mortgage lending grew by £1.9bn in June, just ahead of economists’ forecasts of a £1.8bn increase.” https://www.theguardian.com/business/live/2020/jul/29/stocks-struggle-ahead-of-us-federal-reserve-decision-covid-19-business-live?page=with:block-5f2133e48f080d953ea86a35#block-5f2133e48f080d953ea86a35 read more

Digital Bank, Monument, prepares for launch

*“Monument is aimed at professionals, property investors and entrepreneurs who have a net worth of between £250,000 and £5m.” https://www.financialreporter.co.uk/mortgages/new-buy-to-let-and-property-investment-lender-prepares-for-launch.html read more

RBS to re-brand as Natwest Group

Around 80% of the Group's customers currently use NatWest products or services. Names of individual NatWest and RBS branches will remain the same and the name change is not expected to result in any job cuts across the group. Around 80% of the Group's customers currently use NatWest products or services. https://www.financialreporter.co.uk/finance-news/royal-bank-of-scotland-to-rebrand-as-natwest-group.html read more

Innovation in the mortgage servicing market

Significant change has occurred in the mortgage servicing industry. While some servicers have doubled in size, others have been acquired by larger organisations giving them strong parent backing, and many servicers have also consolidated through mergers. Not to mention, new servicers have come to market bringing healthy competition and further choices for lenders. A busy time for both servicers and lenders alike, all organisations are aiming to achieve results for their businesses and customers. Sutherland is a global read more