News in brief – 20 October 2023

Loans Warehouse has announced that it has achieved key partner status with Precise Mortgages. The move means Loans Warehouse can now provide bespoke bridging terms and fees to suit client needs more specifically. Intermediaries from networks and clubs such as Mortgage Advice Bureau and finova’s mortgage clubs will now benefit from the improved offering as part of Loans Warehouse growing network of introducers.

Newcastle Intermediaries has re-entered the two-year 95% LTV market with a range of products to support first-time buyers and low deposit borrowers in achieving the dream of homeownership. As part of a refreshed proposition, the offering includes a two-year fixed rate at 6.44% (7.1% APRC) up to 95% LTV, available with no product fees, a free standard valuation and £200 cashback, alongside a two-year fixed rate at 5.99% (7.1% APRC) up to 95% LTV with a £999 product fee. Both products are available for both house purchase and remortgage purposes.

United Trust Bank (UTB) has announced that its loan book has exceeded £3bn for the first time, following growth across its lending divisions in 2023. The specialist lender said it had continued to invest in people and technology throughout the year leading to record results in its development, structured, bridging, mortgage and asset finance businesses. Earlier this year, UTB announced that its development finance committed loan book had exceeded £1bn for the first time, and more recently, UTB Mortgages for Intermediaries announced that its mortgage loan book for first and second charge residential and buy-to-let mortgages had also exceeded £1bn.

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