Ryan Bembridge

Technology provider Twenty7Tec has partnered with wealth management group St James’s Place to make MortgageSource the group’s chosen sourcing solution.

The mortgage is charged at 4.54% with no fee and 4.34% with a £999 fee, with 10% overpayments being permitted each year.

The trade association also cautioned against unrealistically raising borrowers’ expectations regarding number of mortgage prisoners who will be helped.

This compares to growth of 31% between H1 2017 and H1 2018 and an increase of 31% the year before.

Leaseholders in some flats have hired lawyers described as ‘ambulance chasers’ who are pledging to win payouts from developers for loss of income, reduction in property values, distress and inconvenience.

The lender’s online application capability includes document submission, SMS updates and a customer portal for payment of fees.

The service delivered will be free of charge to both the employee and employer and mainly telephone based, with MAB having the capability to offer screen-to-screen advice or face-to-face if required.

The tools should improve the process of gathering information and speed up applications by clarifying the probable success with lenders.

This is based on changing employment dynamics, an ageing society increasingly reliant on work and debt, as well as a steadily rising Bank Rate.

Paymentshield chief executive Rob Evans (pictured) wants the firm to take a leading role in bringing general insurance to mortgage networks after working with proptech…