Rebekah Commane

2 weeks ago | mortgagestrategy.co.uk | Rebekah Commane

My alarm goes off at… …6.30am. I’ve always been a morning person and rarely lie in. It’s also the best time of day to train and go to the gym. I love getting my family’s breakfast and lunch organised and seeing us all get ready for the day ahead. My typical day entails… …meetings, phonecalls and replying to new case enquiries with our key intermediary partners in London and the Southeast. I enjoy helping them with their complex cases. It’s not just about products.

2 weeks ago | mortgagestrategy.co.uk | Becky Bellamy |Rebekah Commane |Roger Baird

Accord Mortgages has made changes to its affordability model including stress rate. As part of the changes, the intermediary-only lender will now be able to lend on average 15% or £37,000 more. Accord says the changes are in response to updated regulatory guidance which enables lenders to set lower ‘stress rates’. The new affordability assessment model will apply to all new lending.

2 weeks ago | mortgagestrategy.co.uk | Becky Bellamy |Rebekah Commane

There are 2.2 million first-time buyers who failed to get on the property ladder since the financial crisis, the Building Societies Association (BSA) reveals. BSA’s analysis of FTB data shows that around 7.2 million individuals or couples would have been expected to buy their first home since 2006, however, only 5 million achieved home ownership in this time.

2 weeks ago | mortgagestrategy.co.uk | Rebekah Commane |Roger Baird

Can you tell us about the origins of Phoebus? Pike: In 1989 it was built to run a core banking platform for a bank in London, called Heritable Bank — a multi-currency, multi-product bank. Products included asset finance, commercial finance, bridging, commercial and first charge. It was a complex banking model. The guys who developed it decided to sell it as a banking platform. They made Heritable the first client so they could take it out and sell it around the world.

2 weeks ago | mortgagestrategy.co.uk | Rebekah Commane

April Mortgages has introduced lending up to seven times income on specific products, exclusively available through intermediaries. The increased LTI (loan to income) offering is available on the lender’s 10- and 15-year fixed rate mortgage products for applicants with a household income of £50,000 or more, up to 80% LTV. The products are offered for residential purchase and remortgage applicants on loans ranging from £50,000 to £1m, with exceptions considered on a case-by-case basis up to £2m.