News
Nine in ten brokers want greater use of tech
5+ day, 9+ hour ago (426+ words) Nearly nine in ten (89%) mortgage brokers want technology to play a bigger role in streamlining the mortgage application process, up from 74% six months ago, but opinion on the use of AI is mixed, according to new research from Nottingham Building…...
Sprift partnership provides brokers with instant data
1+ mon, 1+ week ago (202+ words) Brickflow, a digital marketplace for specialist property finance, is partnering with property data platform, Sprift, to incorporate their Key Property Facts reports directly into the workflow. It says this will allow brokers to generate high-authority property reports in a single…...
Brokers set for busy run-up to June as 255, 000 households see five-year fixes end
1+ mon, 3+ week ago (292+ words) By June 255, 000 households" five-year fixed-rate mortgage deals will end, placing extra pressure on brokers as homeowners search for new deals. In June alone, more than 104, 000 loans will mature, according to specialist mortgage lender Together. That follows 75, 700 in April and 74, 820 in…...
Broker support essential for landlords who average 6. 5 BTL loans
1+ mon, 3+ week ago (354+ words) Broker support remains essential for landlords, who typically hold 6. 5 buy-to-let loans, spread across an average of 2. 1 lender relationships and with average total borrowing standing at "714, 000, according to new data from Pegasus Insight. The research found that the majority continue to…...
Brokers say lenders failing to adapt to changing borrower needs
2+ mon, 9+ hour ago (356+ words) Nearly four in five (83%) of brokers say that lenders are not adapting'fast enough to meet the changing needs of today's borrowers, a figure that has risen from 52% six months ago. Meanwhile the number of those saying that lenders need to…...
The growing importance of financial market literacy for mortgage and commercial brokers
3+ mon, 3+ week ago (403+ words) Swap rates are the price lenders pay to lock in their own funding costs. If swap rates decline because markets expect cuts, lenders can hedge more cheaply. The lower hedging cost gives them room to reduce fixed mortgage pricing, even…...
Brokers demand more financial education
5+ mon, 3+ day ago (288+ words) Brokers have called for a greater investment in financial education. Atom bank polled brokers during a recent webinar with shocking results. Some 93% of brokers said they had seen an increase in customers with either adverse credit or who would fail…...
Mortgage training community reaches 750 member milestone
5+ mon, 3+ week ago (271+ words) The Wealthy Advisers Club, which describes itself as the largest protection and mortgage adviser training community in the UK, has reached 750 members since launching last year. It has also just achieved CPD accreditation, which includes 67 training sessions and over 35 hours…...