360 Dotnet has reported that it processed £37bn of lending in 2021, an increase of more than 10% on the group’s 2020 figure. Figures also show that advisers using the firm’s 360 Lifecycle system wrote 17,000 more mortgages last year than in 2020, totalling over 157,000. 360 Dotnet said that a “buoyant market” had benefited advisers and their clients due to the competitiveness of low interest rates and lender flexibility in the sector, allowing them to write more mortgages. The group has now facilitated over £215bn of lending through its 360 Lifecycle system since 2010.

Suffolk Building Society has launched a new standalone expat product in response to increased demand for expat holiday let mortgages. The new product is available up to 80% LTV with a minimum loan of £75,000, a maximum loan of £750,000 and a minimum property value of £100,000 for properties in England and Wales. Owners may occupy the mortgaged holiday let property for personal use for up to 60 days per year.

Smartr365 has announced that it has hit the milestone of 3,500 users for its end-to-end mortgage and protection platform, following a year of growth in 2021. This marks a new record for the platform which connects advisers, introducers and homebuyers to deliver a digital mortgage journey. The platform indicated it is to evolve in 2022 through a range of partnerships, feature releases and updates, and is targeting to hit 8,000 users by the end of the year.

Accord Mortgages has announced new changes to its buy-to-let mortgage range, as a result of “changing market conditions”. The lender’s recently launched ERC-free five-year fixed rate products are to see the biggest cuts, with the 80% LTV rate reducing by 0.50% to 3.49%, and the 75% LTV rate down 0.39% to 2.54%. Fixed rate products in the lender’s 60% LTV range are being increased by up to 0.30%, up to 0.29% on its 65% LTV products, and by up to 0.35% on its 75% LTV options.

Hampshire Trust Bank has invested in its development finance proposition by almost doubling the size of its team. The additions include new lending directors to originate and manage facilities, eight new relationship managers to assist the lending directors in supporting brokers and borrowers, and two new BDMs to work closely with intermediary partners. The plans have been overseen by the specialist bank’s newly appointed managing director of the development finance division, Alex Upton.

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