Low-Deposit Lending Meets Complex Credit
Low-deposit mortgage lending has reached an 18-year high, while Gable Mortgages has added zero-deposit products to Mortgage Brain’s Sourcing Brain platform. At the same time, Tipton & Coseley Building Society has broadened its Credit Plus range for borrowers with more complex credit histories. These developments widen the product conversation for first-time buyers and customers who […]
AI and Faster Mortgage Transactions
Project 28’s first-anniversary discussions brought together lenders, conveyancers, estate agents and government representatives around the aim of faster property transactions. The focus is on sharing better property information earlier in the homebuying process, reducing duplication, surprises and avoidable delays after an offer is accepted. This is a practical use case for AI and data-led workflow […]
FCA AI Warning Matters for Advisers
The FCA says younger investors are increasingly trusting AI tools for financial information: 56% of respondents aged 18 to 40 said they trust AI, while 44% incorrectly believed AI-generated financial information was regulated. Although the research concerns investing, its implications extend directly to mortgage and protection advice, where clients may increasingly arrive with chatbot-generated product […]
Rate Rises Sharpen Remortgage Opportunity
UK fixed mortgage pricing has moved higher as major lenders reprice. Moneyfacts reported average two-year and five-year fixed rates of 5.67% and 5.72% respectively, while rate-market uncertainty has increased ahead of the Bank of England’s September decision. August mortgage searches fell 13% month-on-month, but remortgaging remained the market’s principal source of activity, with Twenty7tec reporting […]