News in brief - 18 March 2024

MagiClick has partnered with the Shariah-compliant digital bank, Nomo, to launch its new intermediary website. The website launch forms the first part of a phased functionality roll-out, as the bank develops its lending proposition via UK mortgage intermediaries. MagiClick has 25 years of experience in digital transformation, helping leading financial services companes create digital experiences for a new generation of customers. Nomo is part of Bank of London and the Middle East, which is a subsidiary of Kuwaiti Islamic bank, Boubyan Bank.

Kent Reliance for Intermediaries has refreshed products across its residential, buy-to-let (BTL) and shared ownership product ranges. Changes include relaunching income flexibility and extra flexibility residential ranges and rate reduction on selected BTL rates. Changes to the residential range include income flexibility range, for customers who need flexibility around income multipliers, with loans of up to £1.5m at 95% LTV. Extra flexibility is also available for customers who need flexibility due to their credit profile, available up to 85% LTV. For BTL products, 80% LTV fixed rates have dropped by 50 bps, with rates starting from 4.59%. For the shared ownership range, all product fees have now been removed.

Nationwide has launched a new digital service for deaf customers, by providing its website in British Sign Language (BSL). The building society has become the first to offer the service by partnering with BSL technology company, Signly, to ensure that deaf customers can access services in their primary language and improve access to financial services. BSL content is in the form of pre-recorded signed videos, with the most popular web pages available first. For the first use, customers need to opt-in via Nationwide’s accessibility webpage. The move comes as the British Deaf Association is ramping up calls for greater acknowledgement of the needs of deaf people, estimating that BSL is the first language for over 87,000 deaf people in the UK.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


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 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.

Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



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, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

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.