Pepper Money moves to rebrand Optimum Credit after regulatory …
WEBJan 6, 2022 — The mortgage lender bought Cardiff-based Optimum Credit in October 2018 from Patron Capital for an undisclosed sum. The deal included a UK second charge loan book of more than £450m.. Pepper Money says it plans to rebrand Optimum Credit under its own name in “ approximately three weeks” to create a “ comprehensive specialist lender”.. Optimum Credit, launched in 2014, offers a range ...
Bridging finance Archives - Mortgage Finance Gazette
WEBBridging Trends contributors reported £201.8m in bridging loans in Q2 2024, a 2.9% increase on Q1’s £196.2m. The latest figures represent the highest Q2 figure since Bridging Trends records started in 2015. Bridging Trends combines bridging loan completions from several specialist finance packagers operating within the UK bridging market.
Co-op Bank migrates 120,000 mortgage borrowers from Platform
WEBFeb 15, 2024 — The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this year. It adds the new hub ...
What type of housing do people live in? - Mortgage Finance Gazette
WEBAug 11, 2017 — And it would be worth £206,873, the average for a semi-detached property in the UK. A quarter of the population (25%) would live in a detached property valued at £332,839, while 26% would reside in a terraced home with an average value of £174,000. Around one in seven (14%) would live in a flat or maisonette worth just over £199,000 ...
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 …
MFG Annual Awards - now open for entries - Mortgage Finance …
WEBMay 5, 2020 — By Joanne Atkin in Features, MFG awards 5th May 2020 0. The Mortgage Finance Gazette Annual Awards are now open for lenders and suppliers to the mortgage industry to submit nominations. We are launching the Mortgage Finance Gazette Awards 2021 a little earlier than usual but the closing date remains the same – mid-September – and this year ...
Temporary borrower support may become permanent under FCA …
WEBMay 25, 2023 — Temporary measures forcing lenders to offer greater support to borrowers in financial difficulties could become permanent, under new proposals by the Financial Conduct Authority. This announcement comes as the FCA revealed that 17 lenders will pay up to £47m in redress to financially-distressed borrowers, after failing to offer appropriate ...
MQube seals deal with InCol to operate in Ireland
WEBApr 12, 2024 — MPowered Mortgages-parent MQube has sealed a partnership with Dublin-based fintech InCol, which allows its mortgage origination platform to operate in the
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 ...
Shawbrook Bank acquires The Mortgage Lender
WEBJan 28, 2021 — By Kate Saines in Market news 28th January 2021 0. The Mortgage Lender (TML) has become part of Shawbrook after the bank acquired the specialist provider for an undisclosed sum. The deal has provided TML with balance sheet funding for its existing, specialist intermediary-only mortgages and has provided it with the …