Mortgage AI Must Stay Consumer-First
Technology is moving deeper into mortgage distribution. OMS and Step One Finance have extended their partnership through a bespoke loan-origination system, while Thirdfort’s platform rebuild has added features including firmwide insights, task management and co-purchaser source-of-funds linking. These developments point to more automated journeys for specialist and complex lending. For advice firms, the prize is […]
Rate Volatility Demands Better Advice
Gen H has cut selected residential fixed rates by up to 30bps following lower swap rates, with the largest reductions at 95% LTV. Shawbrook has also reduced selected buy-to-let rates by up to 25bps on larger loans. Yet wider reporting points to sharp repricing and five-year mortgage rates reaching 6%, illustrating how quickly funding-market conditions […]
High-LTV Lending Expands, Selectively
Teachers for Intermediaries has lifted maximum lending on new-build houses and flats to 95% LTV, while The Cambridge has opened applications for a Rent to Home initiative that can allow qualifying renters to put up to 70% of rent paid towards a future deposit. The Cambridge has also launched a 98% First Step mortgage range, […]
Remortgage Surge Creates AI Opportunity
September recorded 1,912,458 mortgage searches, according to Twenty7tec, up 23% month-on-month and 15% year-on-year. The rebound was led by remortgaging as borrowers responded to renewed rate volatility, while reports of five-year fixes reaching 6% underline the pressure on households approaching product maturity. For advisers, AI can help prioritise the contact strategy: identify clients nearing an […]