Recognise Bank has appointed Jean Murphy as the digital bank’s new CEO. Murphy will take more than 25 years of experience of banking and capital markets for several leading global institutions. She has previously held senior roles at a number of international banks, including director of private banking at Morgan Stanley and executive director of Goldman Sachs Wealth Management Division. The appointment is subject to final approval by the Prudential Regulation Authority (PRA).
The financial services division of LSL Property Services has reported record mortgage lending volumes during the first half of 2022. The division, which includes intermediary brands PRIMIS Mortgage Network and TMA Club, reported a 6% increase in its H1 lending value from £19.3bn in 2021 to £20.5bn in 2022. It also reported a record H1 market share of 10.1% of new lending, a figure up from 9% in 2021.
The Financial Conduct Authority (FCA) has announced it going to open a new Leeds office in September. The regulator will be recruiting to fill more than 100 new roles based in Leeds. Opening in the city next month, the FCA has signed a deal for premises at 6 Queen Street in the heart of its business district. The FCA’s Digital Delivery Centre will be based in Leeds alongside other key FCA business teams.
Hampshire Trust Bank (HTB) has confirmed it is enhancing its specialist buy-to-let offering. This includes limited company, HMOs and semi-commercial, and the move will HTB increasing its maximum loan amount to £25m, up from £15m. This change has taken place with immediate effect.
Foundation Home Loans has announced the launch of a ‘Summer Special’ offering which sees a 40 basis point rate reduction on its previous five-year fixed rate limited edition buy-to-let product. Available for borrowers with an almost clean credit history, the lender’s five-year fix, offered up to 75% LTV, comes with a rate of 4.59% and an ICR of 125% at pay-rate for limited companies. The maximum loan available is £1m, and the product will be available for both limited company or individual landlord borrowers looking to either remortgage or purchase.
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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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