Later-Life Lending Needs Human Oversight
Later-life lending remains high on the regulatory and market agenda. FCA attention to issues in later-life lending was among the week’s most-read broker stories, while the market continues to feature longer mortgage terms and lifetime-mortgage options that allow voluntary interest repayments. These products can offer flexibility, but they demand careful consideration of retirement income, inheritance […]
Renters, Landlords and Regulatory Change
Private rented sector regulation and deposit innovation are both gathering pace. The government is consulting on extending Awaab’s Law to private rented homes, potentially bringing stricter repair deadlines to millions more households. At the same time, Market Harborough Building Society has launched a Rent to Own initiative that could return 60% of rent paid over […]
Conveyancing Delays Create AI Opportunity
Delays in conveyancing are becoming a material advice and customer-service risk. Mortgage Strategy reports that 42% of surveyed recent buyers identified conveyancing as the biggest cause of delay, with protracted transactions increasing the likelihood that mortgage offers will expire before completion. First-time buyers also report significant anxiety while waiting for transactions to complete. AI cannot […]
AI Case Management Meets Mortgage Lending
Mortgage technology adoption is moving from product sourcing into case progression. Nivo has launched an AI-powered case-management tool aimed at intermediated and specialist lenders, while New Leaf has renewed its Twenty7tec partnership for a further three years. The direction of travel is towards faster collection of information, clearer broker-lender communications and reduced manual administration. For […]
Swap Rates Reprice Mortgage Advice
Mortgage pricing is becoming increasingly uneven. Generation Home is raising selected three- and five-year fixed rates by up to 15 basis points as swap costs rise, while Yorkshire Building Society has cut selected rates by up to 0.50%. Moneyfacts also reported that the average two-year fixed rate edged up to 5.97%, despite cuts from some […]