How Open Banking could revolutionise the UK mortgage sector
WEBMar 5, 2021 — Fast, accurate data transfer and analysis to inform lender decisions. Open banking AIS could have a profound impact in the mortgage sector because use of these services would accelerate application and onboarding processes dramatically, and would give lenders the ability to gather and analyse large volumes of …
Blog: Unintended consequences of Basel 3.1 - Mortgage Finance …
WEBMar 7, 2023 — For the last three months, I along with some of my colleagues, have been reviewing the Prudential Regulation Authority’s (PRA) Consultation on Basel 3.1. At 1,400 pages, it’s not a quick read! Paul Broadhead of the BSA. In simple terms the Basel capital standards are intended to strengthen the risk management of banks, by setting out the ...
Ten of the biggest fraud and money laundering scandals from the …
WEBJan 13, 2020 — Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary …
Leasehold issues for lenders: Forfeiture and disclaimer of leases
WEBMar 15, 2018 — The overall growth in leasehold ownership is resulting in lenders increasingly finding themselves having to grapple with issues affecting their leasehold securities – both in connection with shared ownership and conventional long leasehold properties. Risk of forfeiture Where a borrower defaults on monies due under the lease (usually service ...
Landbay and Accord Mortgages reduce landlord rates by up to …
WEBNov 9, 2023 — Landbay has cut rates on two- and five-year fixed-rate buy-to-let products by 30 basis points, while Accord Mortgages also reduces landlord offers by up to 30bps. Landbay says its two-year standard fixed-rate mortgages now start from 4.39% and two-year like-for-like remortgage products begin at 4.49%. Product highlights include:
Mortgage Finance Gazette Rated for Service Awards 2024
WEBMortgage Finance Gazette, in association with The Openwork Partnership, have launched the Rated for Service Awards 2024, which starts with the Rated for Service Awards survey to UK brokers.The purpose of the Rated for Service Awards is to establish a new continuous platform which surveys brokers’ opinions on the levels of service provided to them by a comprehensive panel of UK lenders.
Rating the mortgage servicing firms – Mortgage Finance Gazette
WEBOct 11, 2017 — This is not necessarily negative it just reflects the uncertainty of change. The Capita firms have good ratings at level 2, described as “Servicers demonstrating high performance in overall serving stability”. Fitch’s levels range from 1 – the highest standard – to 5 – limited or no proficiency.
MFG Awards 2021: The full list of winners and their achievements
WEBNov 18, 2020 — By Kate Saines in Features, Market news, MFG awards 18th November 2020 0. The winners of the Mortgage Finance Gazette Awards 2021 have now been revealed in a virtual presentation to mark the outstanding achievements in one of the most extraordinary years our industry has experienced. The global pandemic has changed the way the entire mortgage ...
Scottish house prices hold steady, transactions ease: Walker Fraser ...
WEBOct 23, 2023 — House sales for the first eight months of the year, at around 60,000, are about 10% lower than 12 months ago, and — other than the pandemic year 2020 — the lowest since 2013, says the Walker Fraser Steele Acadata House Price Index.
Mortgage clubs: Keeping ahead of the tech and value curve
WEBJun 12, 2019 — In 2018, Legal & General Mortgage Club saw lending through regional building societies rise 17% year-on-year, contributing £1 in every £10 lent through the club. Eight new building societies were added to the club’s panel over the course of the year, taking the number of mutuals to 31, and this number has since risen.