London Credit has reduced rates on its key loan products. In line with these cuts, residential bridging loans starting from 0.75%, semi-commercial loans starting from 0.80% and commercial loans starting from 0.95%. The updates are designed to offer financing solutions for borrowers who require short-term funding to meet immediate needs or to take advantage of property opportunities.
NatWest has increased the limit on how much businesses can borrow through its broker direct service, up from £500,000 to £750,000. This follows the bank’s move in August to double the limit from £250,000 to £500,000. The lowest limit of borrowing through the service will remain at £50,000. Broker Direct is a dedicated service for SME brokers, and since its launch in June 2023, the time taken from information being received to a credit backed decision has reduced by 41%.
Recognise Bank has announced that its chairman, Phil Jenks, has stepped down from the role, while its chief executive officer (CEO), Jean Murphy, will be stepping down at the end of the year. The bank has appointed Steve Pateman as chair and Simon Bateman as CEO, subject to regulatory approval. Bateman joins Recognise from Nomo Fintech, where he served as CEO for the past 18 months, bringing over 30 years of experience in the financial services industry.
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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