Category: Remortgaging
Homebuyers with a 25% deposit can benefit from 10-year fixed rate of 2.49% with free standard valuation and a £495 product fee. The 10-year fix is available to remortgage customers too.
Nationwide Intermediary Solutions scooped Lender of The Year, Carrington took home Overall Broker of the Year and Aldermore won Specialist Lender of The Year.
Quinn joins from Secure Trust Bank where he was BDM for the bank’s central region. Prior to this, he was BDM at West Bromwich Building Society. Quinn is replacing Harriet Smith who recently joined Crystal Specialist Finance.
The company’s average loan size is £380,000 and it advises first-time buyers, remortgages, buy-to-let, bridging, commercial, overseas mortgages, while it is working with an international private finance company.
All of the OneSavings Brands, including Kent Reliance, will be reporting to him.
Its total assets also grew by 4%, to reach £4.1bn while the group pre-tax profit was £11.8m, down £2.7m (19%) on 2017.
There were 25,100 new first-time buyer mortgages completed in January, 4.6% more year-on-year and 25,300 homemover mortgages completed in the month, 2.8% more year-on-year.
The share of lending for remortgage was 1.4% higher than a year earlier, at 31.1%. The share for house purchase was 1% lower, at 63.5%.
Speaking after launching CLS Money’s new service, Talk Mortgages, which enables customers to arrange a video call and speak to a qualified mortgage expert within minutes, he said that technology should be welcomed and not feared.
Andy Golding is set to become CEO of the combined group.