One Mortgage System (OMS) has seen its application volumes increase by 25% year-on-year. The broker platform has also found that completion volumes had increased by 18% year-on-year up to July 2023, with the value of lending in OMS equalling £6.5bn, compared to £9bn for the whole of 2022. OMS also reported that nearly 13,000 unique users have now used the system since its launch. To support the growth of the platform, OMS is currently recruiting for first and second line software support members to bolster its helpdesk team.
Parmenion has announced that its adviser platform is now fully integrated with Fastrak and FINIO, which are tools that provide advisers with access to high quality data about clients’ investments. The integration means that advisers can now create investment reports from full transaction histories on Parmenion, making administration faster and easier whilst enabling bespoke client reporting. The FINIO data hub reconciles, enriches and normalises investment data from the Parmenion platform and presents it to advisers in the format they need. The Fastrak application allows for intermediaries to create the reports they want with the level of detail they need, using their own wording and branding. Both solutions are provided by Sprint Enterprise Technology.
An experienced developer is utilising a £2m, 80% loan-to-value (LTV) finish and exit bridge from Aspen to redeem an existing development loan and complete an advanced nine-house development in Lancashire. The development near Chorley comprises a mix of three and four-bedroom detached and semi-detached houses totalling 10,699 sq ft. The development is around 85% completed with several sales agreed subject to contract. Aspen took the deal from start-to-finish in 17 days with £1.8m clearing the existing facility, with a further £200,000 available to allow for the completion for works. The deal was completed on Aspen’s stepped rate product, starting at 0.59% over 12 months, and was taken from start to finish by underwriter, Richard Tweddell.
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House price growth slows to 3% – ONS
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Inflation remains unchanged at 3.8% in September
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£8.8bn worth of BTL loans advanced in Q2
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Quilter reports third successive quarter of £2bn+ inflows
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IHT receipts total £4.39bn in six months to September
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Younger advisers more likely to work with new clients, study finds
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.
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.
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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