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2 weeks ago | 
mortgagesoup.co.uk | Robyn Hall |Kevin Rose
One of the biggest focal points for brokers this year is the sheer volume of mortgage roll-offs with June seeing up to £40 billion in expirations – the largest monthly total of 2024. The next major peaks will follow in November and December, marking the anniversaries of the UK’s second lockdown in 2020. The rate shock facing these borrowers will be significant and lenders’ recent rate reductions appear to be a strategic move to retain existing customers while attracting new ones.
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1 month ago | 
mortgagesoup.co.uk | Robyn Hall |Kevin Rose
Dublin-based fintech LendWell is preparing to enter the UK mortgage market with its AI-native platform, promising to slash application processing times from hours to minutes and reshape broker-client dynamics in the process. Having gained significant traction in Ireland, LendWell is now eyeing UK expansion as part of its mission to modernise the mortgage and protection advice sector.
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1 month ago | 
mortgagesoup.co.uk | Robyn Hall |Kevin Rose
Labour MP and mortgage campaigner Taiwo Owatemi is under fire after revelations surfaced that she claimed £900 in taxpayer-funded ‘pet rent’ for her dog, Bella, to stay at her London residence. The Coventry North West MP, who has been outspoken about the financial struggles of homeowners due to rising mortgage rates, now faces accusations of hypocrisy.
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Dec 15, 2024 | 
mortgagesoup.co.uk | Kevin Rose
Conveyancing firm GW Legal was shut down by the Solicitors Regulation Authority (SRA) on Friday 13th last week – a date believed by many to bring bad luck – leaving staff on the doorstep and countless brokers and homebuyers in the lurch just days before Christmas. A notice from the SRA website on Friday stated: “GW Law Limited. This firm is also known as GW LEGAL.
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Dec 8, 2024 | 
mortgagesoup.co.uk | Robyn Hall |Kevin Rose
Martin Stewart, renowned mortgage broker and Founder of London Money, is stepping into the literary world with his debut book, Goodbye Morecambe. Penned during the first lockdown Stewart describes the storyline as Quadraphinia meets Romeo and Juliet.
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Nov 29, 2024 | 
mortgagesoup.co.uk | Kevin Rose
The Association of Mortgage Intermediaries (AMI) has announced that Stephanie Charman has been appointed as successor to Robert Sinclair as chief executive of the trade body. Charman (main pictured) will join AMI in February 2025 from her current role as group partnerships & propositions director at Sesame Bankhall Group, after spending over seven years with the business.
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Nov 26, 2024 | 
mortgagesoup.co.uk | Kevin Rose
UK-based financial technology firm Finastra’s attempts to penetrate the UK mortgage market suffered a blow this month after it reported a significant data breach, with cybercriminals allegedly stealing sensitive data from its internal file transfer platform. The breach has raised concerns as reports suggest the stolen data — amounting to approximately 400 gigabytes — was being offered for sale on the dark web.
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Nov 26, 2024 | 
mortgagesoup.co.uk | Kevin Rose
LiveMore has expressed its support for mortgage prisoners and is calling on the wider mortgage industry to follow suit. The firm’s advocacy of mortgage prisoners – people trapped in high-cost home loans – follows the 358-page report released yesterday by the All Party Parliamentary Group (APPG), which criticises the Financial Conduct Authority’s handling of issues affecting mortgage prisoners.
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Nov 26, 2024 | 
mortgagesoup.co.uk | Kevin Rose
A whistleblower has accused the Financial Services Authority (FSA) and its successor, the Financial Conduct Authority (FCA), of catastrophic failures in their handling of fraud allegations at short-term mortgage lender Tiuta. George Patellis, who served as Tiuta’s CEO in 2011, claims the regulators ignored his warnings, enabling a Ponzi scheme that ultimately cost investors over £100 million.
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Nov 26, 2024 | 
mortgagesoup.co.uk | Kevin Rose
The Financial Conduct Authority (FCA) is facing renewed backlash for its handling of issues affecting ‘mortgage prisoners,’ those trapped in high-cost home loans with little recourse to escape. The report, by the All Party Parliamentary Group (APPG) in investment fraud and fairer financial services, details firsthand accounts from affected borrowers and paints a grim picture of the regulator’s ineffectiveness, perceived bias, and failure to provide timely solutions.
