Shekina Tuahene

4 days ago | mortgagesolutions.co.uk | Shekina Tuahene

Insurance provider Guardian paid over £21m in claims payouts last year, across 238 life, terminal illness and critical illness claims. This was a 40% rise on the year before. Guardian paid 100% of life claims for the second year running, and 94% of terminal illness claims were paid out. Some 56% of the terminal illness claims were under the insurer’s enhanced definition, which it said would not have met the industry standard.

4 days ago | mortgagesolutions.co.uk | Shekina Tuahene

Masthaven has made two appointments to its business development team, in an expansion of the department. Tony Grillo (pictured, left) has been hired as senior business development manager (BDM), and Gary Melville (pictured, right) has been appointed as internal BDM to boost support for intermediaries. Grillo joins from Together, where he worked for nearly three years in a similar role.

4 days ago | mortgagesolutions.co.uk | Shekina Tuahene

Market Financial Solutions has reduced rates across its fixed rate bridging loans. Its residential single loans now start from 0.7%. Market Financial Solutions has reduced pricing across other products, such as its portfolio, second charge, light development, semi-commercial, commercial, and development exit loans. Lower pricing is also available on its large residential, commercial and semi-commercial loans.

4 days ago | mortgagesolutions.co.uk | Shekina Tuahene

RAW Capital Partners has raised its maximum loan-to-value (LTV) limit from 55% to 70% to mark its 10th year of business. The Guernsey-based lender has issued second charge loans at a maximum of 55% LTV for the last decade, and from 1 July, it will offer a single 70% LTV first charge for all cases. It said this would improve flexibility and offer a more straightforward solution. RAW Capital Partners targets foreign nationals, UK expats and Channel Islanders.

5 days ago | mortgagesolutions.co.uk | Shekina Tuahene

More than half – 55% – of homeowners aged 65-74 have said transaction times are a barrier to them moving and potentially downsizing, data from an industry association found. Research from the Open Property Data Association (OPDA) suggested that older homeowners wanted to move but found the process stressful. This was more true for those aged 75 and over, with 68% saying the long transaction times were a hindrance.