News in brief – 24 February 2023

Adviser CRM platform, 360 Lifecycle, has announced that it facilitated over £7bn in lending in Q4 2022. This total means the platform exceeded over £42bn for the year, marking a 13% increase on 2021. 360 Lifecycle also confirmed that figure is higher than any year previously, after more than £12bn was facilitated Q3 2022, which was the largest sum from any quarter. Figures also revealed that over 177,000 mortgages were written using the platform in 2022, also a 13% increase on the total for 2021.

Fleet Mortgages has re-introduced its range of two-year fixed-rate products for landlord borrowers, and launched a new range of five-year fixes. Advisers will be able to access the buy-to-let specialist lender’s new 75% LTV two-year fixes which complement its existing range of five and seven-year fixes, as well as its tracker and green product options. Fleet’s new two-year fix for both standard and limited company borrowers is now available at 5.69%, while its two-year fix for HMO and multi-unit block borrowers is available at 5.79%.

Knowledge Bank has launched a new “lender focused criteria system” called KB PRO, which gives lenders a dedicated system to better manage their criteria data. KB PRO also provides a range of tools for lenders to improve how their criteria is communicated to brokers. Knowledge Bank suggested that KB Pro is the only system like this on the market, as it offers head office staff, BDMs, underwriters, internal sales teams and brokers a consistent source of criteria data and wording updated in real-time.

Sirius Property Finance has completed the refinance of semi-commercial loan worth more than £24.4m. The loan was completed within four weeks of terms being issued. The specialist debt adviser was approached by property developer, Aitch Group, to assist in refinancing a semi-commercial property comprising 83 residential units and three commercial units, as its current facility was due to expire.

LiveMore has expanded its product range to include a two-year fixed rate mortgage available on its retirement interest only mortgage, as well as its fixed term mortgage, which includes interest-only and repayment options. This marks the first time the lender has launched a short-term fix, and confirmed that rates will start from 6.17%. By widening its product range, LiveMore has become the only lender in the 50 to 90+ age space that offers two, five, and 10-year fixed rate mortgages, as well as fixed for life.

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