Business mortgage

Foundation: 64% of owners don’t expect the pandemic to affect business

Two in three homeowners (64%) don’t believe the pandemic will impact their business, according to research from Foundation Home Loans. This is an increase of 3% from the 61% reported in the second quarter, with little differentiation by portfolio size. Third quarter research undertaken by BVA BDRC also shows that despite independent owners hardest hit […]

Business mortgage

OMS finalizes API integration with West One for second load activity

End-to-end mortgage technology company One Mortgage System (OMS) has completed a full application programming interface (API) plug-in with West One for second load activities. WHO users will now have direct access to West One’s second load products, which cover both residential and buy-to-let. Users can get a full policy decision without having to re-enter data, […]

Business mortgage

Try Financial Limited launches a conditioner distributor activity

Named the Representative Network, Try Financial Limited started a packaging distribution business called Try Specialist Finance. The launch of the new company coincides with the appointment of Jo Baldock, who becomes the company’s first director of business development. Martin Swann, Managing Director of Try Financial Limited, said: “The packaging and distribution of specialty products has […]

Business mortgage

SMG celebrates its 20th anniversary

Specialist Mortgage Group (SMG) is celebrating the company’s 20th anniversary this month. Founded in September 2001 as Y3S before becoming SMG in 2017, the Cardiff-based group has grown over the past two decades and now includes packaging companies Y3S Loans, Y3S Private Clients, B2B Financial and Chaseblue Loans . The group covers a range of […]

Business mortgage

Natwest Carries Out Widespread Tariff Reductions In New And Existing Businesses

Natwest announced various rate reductions on mortgages for new businesses and existing customers. The changes include rate cuts across its mortgage guarantee program and green mortgage products, with reductions of up to 0.69% for remortgage customers and 0.52% for existing customers. Shared share reductions In its shared equity lineup, Natwest cut rates on the entire […]

Business mortgage

Family Building Society Updates its Line of New Business Mortgages

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Business mortgage

Big 4 buys Citi’s consumer business

The National Australia Bank (NAB) has announced that it has entered into a buy-and-sell agreement with Citigroup to buy its Australian consumer business for $ 1.2 billion. The proposed acquisition, which remains subject to regulatory approvals, is primarily structured as a transfer of assets and liabilities, with NAB to pay Citigroup in cash the net […]

Business mortgage

Citi divests its Australian consumer business

The group, which targets high net worth individuals, announced today that it would “pursue an exit” from its consumer banking activities in 13 markets, including Australia, following a “strategic review”. Instead, the group will focus on its investments and resources in businesses that can “drive stronger growth, offer scale and improve long-term returns.” In Australia, […]

Business mortgage

Fintel announces resilient performance helped by mortgage advisor activity

Fintel posted a resilient performance for 2020, with good results in mid-level services and fintech and research offsetting the effects of foreclosure on its distribution channels division. The group reported revenue of £ 61million, down 3% year-on-year. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 2% to $ 17.3 million. The number of […]

Business mortgage

Dave Pinnington takes over the management of Finance 4 Business

Finance 4 Business has promoted Dave Pinnington to Managing Director and has hinted that more changes are coming soon. Pinnington (left photo) joined the distribution and consulting firm as head of intermediary relations in 2017 and became CEO with immediate effect. Russel martin (photo on the right) who founded the company in 2009 and was […]