The Intermediary

1 week ago | theintermediary.co.uk | Jessica O'Connor

The European Central Bank (ECB) has reduced its benchmark interest rate by 0.25% to 2.25%, marking its seventh rate cut over the past year. This decision aims to bolster the eurozone’s economy, which is grappling with weak growth and rising global trade tensions, particularly following U.S. President Donald Trump’s recent announcement of new tariffs on imported goods, including a proposed 20% tariff on European products.

1 week ago | theintermediary.co.uk | Jessica O'Connor

Property lender Together has broken its all-time record for broker sales for the month of March. The Cheadle-based lender made £152m worth of completions in its broker channel during the month, which surpassed its previous record of £144m in July 2022 and is the highest in the company’s history. Tanya Elmaz (pictured), director of intermediary sales at Together, said: “We are delighted to be announcing such a strong performance for the last month.

1 week ago | theintermediary.co.uk | Jessica O'Connor

Air has launched the Air App, exclusively available to Air Club members, in a bid to further bolster support for advisers. The launch aims to ensure that members are kept fully informed in an ever-changing and often turbulent later life lending market. Members will have access to market insight videos from industry experts as well as perspectives from lenders.

1 week ago | theintermediary.co.uk | Jessica O'Connor

A new industry report has cast a spotlight on the digital performance of the UK’s leading property developers, revealing both frontrunners and those lagging behind in adapting to an increasingly digital marketplace. Published by the Human First Collective, a network of businesses championing human-centred approaches, the “Top 20 Property Developers: Digital Maturity Index” aimed to provide a benchmark for digital readiness and performance across the sector.

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.