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Category: Blog

Mountains still to climb

We are an industry sometimes inundated with statistical analysis, some of which can often seem utterly contradictory, but for the most part can be informative and – certainly from a later life lending perspective – can show us the mountains we still need to climb.

Many have claimed that COVID-19 has started a mass exodus of professionals, families and investors away from London.

Now that we have technology capable of managing every aspect of a deal, from initial application through to final decision, what role do BDMs play in the industry?

Health is wealth

The last 12 months have taught us some vital lessons – perhaps most significantly, that health is wealth and protecting a workforce’s mental state must sit at the top of every firms’ agenda.

If you have clients who are looking to remortgage their residential property, are under the 60% LTV threshold, with a strong credit rating, income and affordability to present, then there has perhaps been no better time for them to be coming to market.

In his first Mansion House speech on 1 July, Chancellor Rishi Sunak set out his vision for financial services to be ‘more open, more competitive, more technologically advanced and more sustainable’.

The recent positive news that a UK specialist lender has completed a £350m mortgage securitisation is a welcome fillip for the RMBS industry.

Nick Chadbourne LMS remortgage completions

It’s certainly been an interesting year for the UK property market. After a tumultuous 2020, the purchase market is booming thanks to the stamp duty holiday, low product rates, the post-Brexit ‘Boris Bounce’, and increased demand for larger properties due to home working.

John Dobson SmartSearch

Are you fluent in AML?

Like all regulations, the laws governing onboarding new customers is packed full of acronyms, and terms which mean little outside of the context of anti-money laundering (AML) legislation.

Jonathan Sealey - hope capital

This stamp duty holiday has revitalised the property market, with investors and developers rushing to get deals over the line and as a result, house prices have risen rapidly.