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 products and individual cases. Brokers might turn to their BDM to understand lending criteria, discuss a more complex application or...

The gap between UK house prices and earnings has narrowed to its lowest level since 2015, although higher mortgage rates have limited the benefit for borrowers, according to Lloyds. The average home now costs 7.3 times average earnings, down from 7.6 times a year earlier,...