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2 weeks ago | 
mortgagefinancegazette.com | Bek Commane
Together Financial Services has announced changes to its senior leadership team and Board.
Dave Sutherland joins as chief operating officer with effect from 1 July 2025. Previously group director of business efficiency and interim chief executive (UK) at Bank of Ireland, he brings over 20 years’ experience in operations, technology and process transformation in finance and retail.
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2 weeks ago | 
mortgagefinancegazette.com | Bek Commane
The industry experienced what many have described as its busiest period on record recently as buyers rushed to take advantage before the stamp duty thresholds were slashed.
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3 weeks ago | 
mortgagefinancegazette.com | Bek Commane
Chetwood Bank is combining its ModaMortgages and CHL Mortgages for Intermediaries’ sales forces.
The move is part of the lender’s plans to develop its multi-brand strategy and will see two national sales managers, one of whom will provide key account relationship support, leading a team of five field-based business development managers (BDM), assigned to different regions.
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3 weeks ago | 
mortgagefinancegazette.com | Bek Commane
Chief executives from three UK lenders have written to the chair of the Treasury Select Committee to emphasise the need for the Bank of England to raise the loan to income (LTI) flow limit.
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4 weeks ago | 
mortgagefinancegazette.com | Bek Commane
in Banks, Building societies, Lending news, Market news
The fixed rate mortgage cut momentum eased off this week with many lenders moving to instead increase rates.
In what has been called a ‘subdued’ market, rates rose across the board for average fixed deals in the week to Friday, 30 May.
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1 month ago | 
mortgagefinancegazette.com | Bek Commane
Loughborough Building Society has increased the maximum LTV to 70% from 60% on interest-only mortgages that extend beyond the age of 80.
The lender says the increased LTV is aimed at supporting borrowers seeking later life borrowing for purposes such as home improvements, debt consolidation, gifting, second home purchases, or even restarting homeownership following life events such as divorce.
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1 month ago | 
mortgagefinancegazette.com | Bek Commane
ModaMortgages is now accepting day one remortgages for bridge exit applications across its core and limited edition buy-to-let product ranges.
The specialist lender is also now accepting applications for capital raising where the applicant has sufficient equity in an existing property. Landlords can borrow between £25,000 and £2m, with LTVs of up to 80% available.
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1 month ago | 
mortgagefinancegazette.com | Bek Commane
Mortgage rates continued to fall this week as over a dozen lenders made cuts to their fixed mortgage ranges, according to Moneyfacts’ latest data.
The average two-year fix fell by 0.03% from last week to a current average of 5.11%, while three-year fixes also dropped by an average of 0.02% to 5.03% this week. Meanwhile, five-year fixes dipped an average of 0.02% across all LTVs to 5.08%, compared to last week when they were unchanged from the week prior.
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1 month ago | 
mortgagefinancegazette.com | Bek Commane
From 11 to 16 May, professionals from across the mortgage industry will lace up their walking shoes and unite for the Mortgage Industry Mental Health Charter (MIMHC) ‘Walk & Talk’.
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1 month ago | 
mortgagefinancegazette.com | Bek Commane
Anti-money laundering (AML) continues to be a high priority across all sectors. The extent to which money laundering activity can impact the UK economy is estimated by the National Crime Agency (NCA) to run into the hundreds of billions of pounds.
In March, the government published its Anti-Money Laundering and Counter-Terrorist Financing Supervision Report for 2023 – 24 where it reconfirmed its commitment to ‘maintaining robust defences against illicit finance’.
