Mortgage brokers have little to fear from AI, says Mortgageforce boss

Mortgage brokers should embrace artificial intelligence rather than fear it will ultimately replace them, Mortgageforce managing director Kevin Duffy has told advisers. Speaking at the Mortgageforce conference in Ibiza Duffy predicted that the rapid expansion of AI would eventually...

Latest news

Goldman Sachs discloses 3.15% stake in Secure Trust Bank

Goldman Sachs has reported a 3.15% voting interest in Secure Trust Bank following a change in its shareholding. A regulatory filing published on 9 October...

Market Harborough launches rental scheme offering deposit contributions to first-time buyers

Market Harborough Building Society is offering aspiring homeowners the chance to recover 60% of their rent payments towards a property deposit under a new...

Tipton adds discounted rates for expat and limited company landlords

Tipton & Coseley Building Society has expanded its variable rate buy-to-let mortgage range with two discounted products aimed at expatriate and limited company landlords. The...

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community and reducing the administrative burden on brokers. The directly authorised firm...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process intermediary applications more efficiently, from the initial broker enquiry through to underwriting and completion. The new Lender Collect service is available to bridging, specialist property,...

New Leaf Network extends Twenty7tec technology agreement

New Leaf Network has agreed a further three-year partnership with Twenty7tec, retaining the technology provider to support its mortgage advisers. The renewal extends an established relationship between the businesses and will see them continue working together to develop the...

HTB provides £9.8m funding for North West property portfolio

Hampshire Trust Bank (HTB) has refinanced a portfolio of 40 properties in the North West through two facilities totalling £9.8 million, allowing an existing customer to release capital for further acquisitions. The specialist lender arranged loans of £7.7 million...

Waiting for completion causes greater anxiety than saving for a deposit

Delays towards the end of the homebuying process are a greater source of anxiety for first-time buyers than saving for a deposit, according to research from LPL. The firm's First Time Buyer Anxiety Report found that almost a third...

SPONSORED CONTENT

Why a BDM should be seen as an extension of a broker’s business

Business development managers (BDMs) have long played an important role in the relationship between lenders and brokers. Traditionally, much of that relationship has centered around...

PROFILE

Buy-to-let at 30: the mortgage that changed Britain’s housing market

John Heron helped create buy-to-let when landlords had almost nowhere to turn for finance. Thirty years later, he and Paragon Bank's Louisa Sedgwick reflect...

INDUSTRY COMMENT

The FCA protection market study shouldn’t ignore redundancy

Considering a third of employers are likely to implement staff redundancies by January 2027, according to Acas, redundancy cover shouldn’t be ignored in wider...

If AI gives us more time to think, we must learn how to think well

The great promise of AI in financial services is usually expressed in terms of what it can remove. Less administration, less duplication, fewer manual...

Q&As

BUY-TO-LET

Keystone’s Phil Riches to retire after 50 years in financial services

Phil Riches is to retire as sales director of Keystone Property Finance later this...

SDKA raises title indemnity insurance limit to £250,000

SDKA has increased the maximum loan size eligible for its title indemnity insurance policy...

Accord cuts buy-to-let rates by up to 0.43%

Accord Mortgages is reducing selected buy-to-let rates by up to 0.43 percentage points, with...

Life changes could create new wave of accidental landlords

Changes in personal circumstances rather than investment plans could push more homeowners into the...

Remortgage searches jump 40% as borrowers return after summer

Remortgage activity drove a sharp rise in mortgage searches during September, with Twenty7tec recording...

Step One Finance adopts OMS origination platform

Step One Finance has introduced a bespoke loan origination system developed with One Mortgage...

Paragon appoints Cockerill as mortgages commercial director

Paragon Bank has appointed Simon Cockerill as commercial director of mortgages as it looks...

FIRST-TIME BUYERS

Badenoch pledges no IHT or stamp duty on family homes

Kemi Badenoch has pledged to remove inheritance tax from family homes and scrap stamp duty on primary residences under a future Conservative government. The Conservative leader used her closing conference speech in Birmingham to promise that “nobody will ever pay inheritance tax on their family...

Wider mortgage options put borrower circumstances in focus on Lenders Live

Borrowers with historic credit problems and smaller deposits have more routes to explore, but...

Ireland boosts Help to Buy as UK prepares new first-time buyer scheme

Ireland has increased the maximum support available to first-time buyers under its Help to...

Cambridge BS opens applications for deposit-building Rent to Home scheme

The Cambridge Building Society has opened applications for its Rent to Home property in...

Side hustles helping first-time buyers reach deposit targets sooner

Almost two-thirds of prospective first-time buyers are using additional sources of income to help...

OPINION

The right scrutiny is a precursor of growing lending safely

Credit markets have always had to accommodate change, but there are periods when the assumptions on which they have been built begin to move...

Only one in five of your clients thinks your fee was justified

You know the moment. 40 minutes in. Gone well. They like you, you like...

I’m 49. My dad’s 73. Between us we’ve found the hole in later life lending

I turn 50 in December, and the marketing has already started. Funeral plans, over-50s...

Buying scale was phase one. What happens next?

Mortgage distribution is in a race for scale. Capital wants market share. Consolidators want distribution. Networks want advisers. Good businesses are commanding serious valuations. If I wanted to sell, I'd probably be delighted with the market we're in. But I don't. So I'm looking at it from...

Slow completions are costing brokers. Five steps can help protect their pipelines

Through my conversations with mortgage brokers, and Landmark’s work across the wider home-moving process, I see the same pattern repeatedly. Once a mortgage has...

DISTRIBUTION

BetterHome Group UK appoints Anthony Glasgow as chief operating officer

BetterHome Group UK has appointed former Connells Group executive Anthony Glasgow as chief operating...

Simplybiz Mortgages and FIBA add six lenders to specialist panel

Simplybiz Mortgages and the Financial Intermediary & Broker Association have expanded their Specialist Property...

Remortgage activity rebounds as higher rates weigh on home purchases

Remortgage applications returned to annual growth in the third quarter, helping to offset a...

The Monmouthshire expands mortgage platform pilot to more intermediaries

Monmouthshire Building Society has widened the intermediary pilot of its new mortgage origination platform,...

TMG adds Beagle Street to protection panel

TMG Mortgage Network has expanded its protection panel with the addition of life and critical illness insurance provider Beagle Street. The agreement gives TMG advisers access to Beagle Street's protection products as the network looks to broaden the range of providers available to its members. Beagle...