Target Group has appointed Melanie Spencer as its new growth and sales lead, to help drive the firm’s sales and business development functions. She joins the firm with over 20 years of experience in the mortgage market, having worked in senior roles at Personal Touch, Twenty7Tech, Finova and OMS. Target is part of the 146,000-person strong Tech Madindra group, providing business process servicing and digital transformation. This incorporates mortgage servicing, mortgage originations and third-party administration. The appointment comes as Target Group launched Mortgage Hub, its originations system designed to be user rate than product-centric.
Maeve Ward has been promoted to the role of head of intermediary sales for personal finance at Together. As part of the role, she will lead the intermediary team to support brokers with personal finance products, including first and second mortgages, regulated bridging loans and consumer buy-to-let. Ward brings over 25 years’ experience to the position, starting her career with First National Bank, before moving to GE Money and bridging lender, Link Lending. She took up a position at Shawbrook Bank in 2010, spending nearly a decade at the firm before starting her own lender, Focused Lending. Ward joins Together from Central Trust and Mercantile Trust, where she was director of commercial operations.
Aldermore has expanded its mortgage proposition to allow for self-employed contractors that work via a limited company or sole trader to be assessed for affordability on an employed basis using gross income. Prospective buyers need to have either 12 months’ history as a contractor or 24 months in the same line of work, providing there are two months remaining or a renewal agreed. Income for contractors will be determined based on the day or hourly rate of their current contract, multiplied across 46 weeks. As a result of the changes, all contractors will have access to 90% LTV for self-employed contractors and up to 95% LTV for those working via an umbrella company or a fixed-term contract.
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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