Broker firm, Just Mortgages, has announced plans to almost treble in size in just five years, with a goal is to reach 1,500 staff across its various divisions by 2027. These plans include increasing the number of employed and new build brokers from 160 to 425, growing the self-employed team by 450 to 1,000 brokers, and the Just Wealth group expanding to 75 advisers. Just Mortgages also revealed that it intends to expand its academy to bring more graduates into the UK mortgage market.

Leek United Building Society has announced that its total assets increased to a record level of £1.18bn in 2021. In its financial results, the society also confirmed that gross mortgage lending increased to £174m, up from £161m in 2020, which contributed to a total mortgage book of £869m, up from £864m in 2020. Leek said it had taken advantage of the positive backdrop provided by both the stamp duty holiday and low interest rate environment to provide a competitive set of products.

Phoebus Software Limited has announced that the balances of loans and savings serviced on its platform have now increased to over £80bn. This growth has been achieved during a significant period of investment in the strategies both for Phoebus digital and Phoebus ecosystem. Commenting on the milestone, the firm’s sales and marketing director, Richard Pike, said that the Phoebus product suite is “renowned both in terms of functionality and stability”, and added that this has been reflected in the demand seen from new and existing clients.

Kent Reliance for Intermediaries, part of specialist lender OSB Group, has announced the launch of a new residential mortgage range. The new range includes LTVs up to 90% with no maximum loan amount across selected products and has been developed to assist brokers seeking diverse lending solutions. The lender indicated that its range will have a particular focus on young professionals, entrepreneurs, self-employed and contractors, as well as those with multi-source income streams.

Cambridge Building Society has increased the maximum LTV of its buy-to-let range from 75% to 80%, to help landlords buy rental properties in England and Wales. The society confirmed that top slicing is also available to further support landlords. These new products include a two-year discounted mortgage at 2.74% without application or completion fees, and a five-year fixed rate at 2.99% with a £199 application fee and £800 completion fee, for new and existing customers. There is also a three-year fixed rate on offer at 2.99%, without application or completion fees for existing mortgage customers only.

Share Story: