One Mortgage System (OMS) has seen its application volumes increase by 25% year-on-year. The broker platform has also found that completion volumes had increased by 18% year-on-year up to July 2023, with the value of lending in OMS equalling £6.5bn, compared to £9bn for the whole of 2022. OMS also reported that nearly 13,000 unique users have now used the system since its launch. To support the growth of the platform, OMS is currently recruiting for first and second line software support members to bolster its helpdesk team.
Parmenion has announced that its adviser platform is now fully integrated with Fastrak and FINIO, which are tools that provide advisers with access to high quality data about clients’ investments. The integration means that advisers can now create investment reports from full transaction histories on Parmenion, making administration faster and easier whilst enabling bespoke client reporting. The FINIO data hub reconciles, enriches and normalises investment data from the Parmenion platform and presents it to advisers in the format they need. The Fastrak application allows for intermediaries to create the reports they want with the level of detail they need, using their own wording and branding. Both solutions are provided by Sprint Enterprise Technology.
An experienced developer is utilising a £2m, 80% loan-to-value (LTV) finish and exit bridge from Aspen to redeem an existing development loan and complete an advanced nine-house development in Lancashire. The development near Chorley comprises a mix of three and four-bedroom detached and semi-detached houses totalling 10,699 sq ft. The development is around 85% completed with several sales agreed subject to contract. Aspen took the deal from start-to-finish in 17 days with £1.8m clearing the existing facility, with a further £200,000 available to allow for the completion for works. The deal was completed on Aspen’s stepped rate product, starting at 0.59% over 12 months, and was taken from start to finish by underwriter, Richard Tweddell.
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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.
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
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