News in brief - 18 March 2024

MagiClick has partnered with the Shariah-compliant digital bank, Nomo, to launch its new intermediary website. The website launch forms the first part of a phased functionality roll-out, as the bank develops its lending proposition via UK mortgage intermediaries. MagiClick has 25 years of experience in digital transformation, helping leading financial services companes create digital experiences for a new generation of customers. Nomo is part of Bank of London and the Middle East, which is a subsidiary of Kuwaiti Islamic bank, Boubyan Bank.

Kent Reliance for Intermediaries has refreshed products across its residential, buy-to-let (BTL) and shared ownership product ranges. Changes include relaunching income flexibility and extra flexibility residential ranges and rate reduction on selected BTL rates. Changes to the residential range include income flexibility range, for customers who need flexibility around income multipliers, with loans of up to £1.5m at 95% LTV. Extra flexibility is also available for customers who need flexibility due to their credit profile, available up to 85% LTV. For BTL products, 80% LTV fixed rates have dropped by 50 bps, with rates starting from 4.59%. For the shared ownership range, all product fees have now been removed.

Nationwide has launched a new digital service for deaf customers, by providing its website in British Sign Language (BSL). The building society has become the first to offer the service by partnering with BSL technology company, Signly, to ensure that deaf customers can access services in their primary language and improve access to financial services. BSL content is in the form of pre-recorded signed videos, with the most popular web pages available first. For the first use, customers need to opt-in via Nationwide’s accessibility webpage. The move comes as the British Deaf Association is ramping up calls for greater acknowledgement of the needs of deaf people, estimating that BSL is the first language for over 87,000 deaf people in the UK.



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