Ryan Fowler

1 week ago | theintermediary.co.uk | Ryan Fowler

Bridging lender Kuflink has confirmed the appointment of Gurmit Raina as chief financial officer, following a period in which she worked with the company in a consultancy capacity. Raina, an experienced group finance director and company secretary with more than two decades of senior-level finance experience, takes up the role as part of an evolving leadership team at the Gravesend-headquartered lender. The board is now headed by co-founder Rawinder Binning, who was recently named CEO.

1 week ago | theintermediary.co.uk | Ryan Fowler

Virgin Money has announced a series of fixed rate reductions across its residential and buy-to-let product ranges, effective from Thursday 17th April, alongside the introduction of free valuations on all new purchase applications. For exclusive purchase products, Virgin Money is reducing 80% LTV 2-year fixed rates by up to 0.09%, now starting from 4.33%. Selected Fix and Switch products will also drop by up to 0.11%, with starting rates from 4.79%.

1 week ago | theintermediary.co.uk | Ryan Fowler

The Mortgage Works is cutting selected 2-year and 5-year fixed rate mortgages from today, with reductions of up to 0.25% across its buy-to-let and limited company product ranges. The lender has also introduced a new limited company remortgage range that includes £750 cashback and free valuations. Selected limited company buy-to-let products have been reduced by up to 0.25%, while buy-to-let and let-to-buy products will see cuts of up to 0.20%.

1 week ago | theintermediary.co.uk | Ryan Fowler

Connect for Intermediaries has added April Mortgages to its lender panel, in an exclusive arrangement giving Connect members access to the full April product range. April Mortgages offers long-term fixed rates from 5 to 15 years, uncapped overpayments, and rates that reduce as the loan-to-value improves. Its Interest Only+ product allows capital repayment to be deferred until the end of the term or sale of the property.

1 week ago | theintermediary.co.uk | Ryan Fowler

Nearly two in five advisers are regularly turning away new enquiries about later life lending due to a lack of confidence in their ability to provide suitable advice, according to new research from Key Later Life Finance. The study, based on responses from over-50s specialists, wealth advisers and general mortgage advisers, found that 38% of firms frequently decline potential clients in this area. A further 46% said they occasionally turn clients away.