Bek Commane

1 week ago | mortgagefinancegazette.com | Bek Commane

in Company news, Funding, Lending news Intermediary-only lender Perenna Bank has partnered with residential mortgage lender Gen H in a new funding deal. The alliance sees Perenna, which specialises in long-term fixed rate mortgages, provide forward flow funding for Gen H’s newly launched scheme, New Build Boost.

1 week ago | mortgagefinancegazette.com | Bek Commane

in Lending news It was another week of rate cuts in the mortgage market this week, dominated by reductions from mutual lenders. According to Moneyfacts data, two-year fixed residential mortgages dipped 0.04% to an average of 5.29% in the week to 11 April, while average three-year and five-year fixes also fell 0.04% to 5.16% and 5.14% respectively in the same period.

2 weeks ago | mortgagefinancegazette.com | Bek Commane

Specialist lender Precise, part of OSB Group, has made four new appointments to its bridging division. Davey Gurm, John Bremner and Jodie Worswick will all join the bridging arm as specialist finance account managers, while Amit Kumar has been hired as a dedicated office-based business development manager. OSB says the new hires will support brokers looking for short term finance solutions on behalf of their customers.

2 weeks ago | mortgagefinancegazette.com | Bek Commane

Hodge Bank has appointed Daniel Lewis and Sara Bailey to its senior leadership team. Bailey joins as head of marketing with a decade of marketing experience, including most recently as strategy director at Spindogs. Hodge says his vast experience in marketing strategy, customer engagement, and digital transformation will be instrumental in leading Hodge Bank’s marketing initiatives. Hodge has also hired Sara Bailey as head of Operations.

3 weeks ago | mortgagefinancegazette.com | Bek Commane

Meridian Mortgages Group has acquired Bedfordshire brokerage William Lowden & Associates for an undisclosed amount. Meridian, part of Mortgage Advice Bureau, specialises in the new build market and says the acquisition of William Lowden boosts its capacity to support developers and improve the buyer journey. The acquisition will take Meridian Group, which includes its shared ownership business, Metro Finance, to more than £1 billion in lending in 2025.