Mortgage Finance Gazette
WEBEstablished in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.
Ten of the biggest fraud and money laundering scandals from the …
WEBJan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary …
Co-op Bank migrates 120,000 mortgage borrowers from Platform
WEBFeb 15, 2024 · The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this year. It adds the new hub ...
Lending news Archives - Mortgage Finance Gazette
WEBOn average there are 21 prospective tenants competing for every rental property, the latest figures from Zoopla show. The number of homes for rent is 24% below the pre-pandemic average, according to its latest rental market report. Average rents rose by 5.4% from around £1,182 per month in July 2023 to £1,245 per month in July of this year.
Secret commissions: Court ruling provides clarity for lenders and ...
WEBApr 6, 2021 · The Court of Appeal also upheld that, the commissions paid by the lender to the broker were fully secret commissions on the basis that a general term in the Broker’s terms of business stating that commission may be received was not sufficient to negate secrecy. The Judgment also confirmed that if the bribe or secret commission is a “half ...
Molo Finance joins In Partnership lending panel
WEBAug 19, 2021 · Digital mortgage lender Molo Finance will join the lending panel of broker network In Partnership Group as part of its drive to expand intermediary distribution. It will now feature in the network’s mortgage options, which reaches over 500 investment, mortgage and protection advisers. The lender says its technology speeds up the lending ...
OneSavings Bank and Charter Court merger completes
WEBOct 7, 2019 · Today sees the completion of the combination between OneSavings Bank plc and Charter Court Financial Services Group plc. The combined group says it will use its greater scale and resources to offer an enhanced proposition to customers, brokers and distribution partners. The group brands are Precise Mortgages, Kent Reliance for Intermediaries ...
Leasehold issues for lenders: Forfeiture and disclaimer of leases
WEBMar 15, 2018 · The growth in leasehold ownership within the UK retail mortgage market is resulting in lease-related issues increasingly affecting lender clients. Karl Anders - partner, real estate litigation, Louise Power – partner, banking litigation, and Sandip Singh – senior associate, banking litigation from Walker Morris, provide some practical insight for lenders
Mortgage clubs: Keeping ahead of the tech and value curve
WEBJun 12, 2019 · A landmark regulatory time. As the mortgage market evolved, so too did the role of mortgage clubs. We can’t delve into the history of mortgage clubs without focusing on a huge landmark year for the whole mortgage market. 2004 was a crucial regulatory crossroads for many intermediary firms in deciding their newly regulated status – AR or DA – appointed representative or directly authorised.
New platform aims to cut property transaction time by months
WEBApr 4, 2019 · IPN is now onboarding dozens more private and public sector organisations to the next phase of the project and aims to release the next version of the platform in September 2019. The collaboration to test the world’s first distributed ledger-based property marketplace was undertaken by 40 organisations in 23 countries across five continents.