Digital Homebuying Moves Into Workflow
Mortgage distribution and property-transaction technology are becoming more connected. Iress has added Coventry Building Society and Godiva to Acre to reduce duplicate broker data entry, while E4 Strategic has launched VERSA Convey, a digital workflow platform for property exchange. Other market developments include sale-ready conveyancing services and integrated homebuying propositions combining mortgage advice, conveyancing, surveys […]
AI, Advice and FCA Boundaries
The FCA says younger investors are increasingly turning to AI: 56% of 18- to 40-year-old investors or prospective investors surveyed said they trust AI tools. However, 44% incorrectly believed AI-generated financial information is regulated, while 32% thought they could receive Financial Services Compensation Scheme or Financial Ombudsman Service protection if AI-led guidance went wrong. Although […]
AI Mortgage Admin: Test the Exception
A Mortgage Strategy technology feature highlights a document-handling tool that read statements, identified missing information, chased clients and packaged cases. In a six-week trial it reportedly processed roughly four out of five cases end-to-end, with the remaining cases requiring human involvement. The lesson for adviser firms is not simply to adopt AI, but to define […]
Mortgage Rates Rise Ahead of MPC
Mortgage pricing is moving higher before the Bank of England’s latest rate decision. NatWest, TSB, Skipton, Coventry, Principality and other lenders have announced increases, while Family Building Society relaunched fixed rates at prices up by as much as 60 basis points after a temporary withdrawal. Buy-to-let lenders including Foundation, Aldermore and The Mortgage Works are […]
If the AI boom turns, will UK mortgages feel it like 2008?
At the 2007 peak, half the money lent on UK homes had no evidenced income. The lending that broke then has largely gone, so if the AI boom turns, the pressure would arrive another way.