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"The service will cover regulated and non-regulated referrals across bridging, commercial, later life lending, specialist residential, buy-to-let and other areas of the specialist lending market." https://www.financialreporter.co.uk/specialist-lending/impact-launches-specialist-referral-service.html read more
As only 55% of financial service professionals feel comfortable speaking to their manager about their mental health, the Chartered Institute for Securities & Investment has launched a support portal to encourage the conversation. This arrives at the same time as Mental Health Awareness Day on the 10th of October. https://www.financialreporter.co.uk/finance-news/cisi-launches-mental-health-portal-for-financial-services-professionals.html read more
The percentage of first time buyers seeking help from the bank of mum and dad or another relative has increased to 61%, compared to just 20% 30 years ago. https://www.financialreporter.co.uk/mortgages/61-of-first-time-buyers-relying-on-bank-of-mum-and-dad.html read more
Sarah Green, head of intermediary mortgages, said “We’re delighted to announce these positive changes today which will not just make us easier to do business with but will also allow us to help a greater range of customers." https://www.financialreporter.co.uk/mortgages/clydesdale-bank-improves-self-emplyed-contractor-criteria.html read more
Following on from yesterdays post, Sainsburys will no longer be accepting new mortgage applications as part of a 5 year plan. https://www.financialreporter.co.uk/mortgages/sainsburys-bank-exits-mortgage-market.html read more
Sainsburys are seeking advice in relation to the sale of their mortgage book with an estimated value of £1.3b. https://www.yourmoney.com/mortgages/sainsburys-to-sell-1-4bn-mortgage-book-reports/ read more
HSBC join growing number of lenders making it easier for zero-hour workers to get mortgages. https://www.thisismoney.co.uk/money/mortgageshome/article-7443091/HSBC-makes-easier-mortgage-zero-hours-contract-bank-relaxes-application-rules.html read more
Hodge has launched a RIO fixed rate for life mortgage as 'UK First'. See below for details. https://www.financialreporter.co.uk/retirement/hodge-launches-fixed-for-life-rio-mortgage.html read more
The reduction in interest rates will offer peace of mind to those wanting certainty of payments for the next few years. https://www.financialreporter.co.uk/mortgages/tsb-cuts-three-and-ten-year-fixed-rates.html read more
Mansfield Building Society has launched its residential mortgage proposition - including its prime residential, self-build, retirement interest-only and Versatility products - in Scotland. https://www.financialreporter.co.uk/mortgages/mansfield-bs-launches-in-scotland.html read more