Monmouthshire Building Society’s new loans origination software has started its soft launch with brokers L&C Mortgages, Elite Independent Mortgages and MPI.

Monmouthshire Building Society has partnered with MQube to launch the new Origo platform, which simplifies the whole mortgage journey - from application to release of funds and has been tried and tested in collaboration with the trialling brokers.

Replacing manual processes, emails and spreadsheets, the system will manage the whole process in one place, making it easier for customers, brokers and IFAs and Monmouthshire Building Society underwriters and staff.

LendInvest Mortgages has completed a £3.062m regulated bridging loan in just 25 working days.

The facility enabled an experienced investor to refinance their primary residence and to raise capital to expand their property portfolio

Lifetime mortgage lender, Pure Retirement, has reported over 11,000 registered users on its market-first online account management platform, MyPure.

The lender has also seen a 28% annual increase in the number of ad hoc optional repayments, and a 27% annual increase in the number of cash release applications, being lodged directly through MyPure.

The MyPure platform enables customers to self-manage a number of key elements of their lifetime mortgages, offering a further support avenue in addition to continued access to the office-based customer account servicing team, and bringing the later life lending sector in line with mainstream financial areas such as high street banking and insurance.

LHV Bank has announced the successful completion of two specialist buy-to-let transactions totalling circa £22m.

The transactions supported the acquisition of two SPV companies holding a combined portfolio of 253 residential properties, comprising a mix of single-let freehold houses and Houses in Multiple Occupation (HMOs). All properties were leased to a recognised social housing operator on long-term agreements.

Alongside detailed due diligence across all 253 properties, the case also required additional legal and corporate scrutiny, including negotiation and agreement of the Share Purchase Agreements (SPAs).

LHV Bank provided two specialist interest-only buy-to-let facilities on five-year terms to support the acquisition.

Buckinghamshire Building Society has reduced product fees across its Credit Revive and Credit Restore residential mortgage ranges from £999 to £499, as part of its ongoing commitment to supporting borrowers with affordability pressures or historic credit challenges.

The fee reductions apply across all residential products within both ranges and are designed to help brokers support clients who may have experienced financial setbacks but are now in a stronger position to move forward.

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