Legal and General Mortgage Club Awards 2022 – in pictures

Legal and General Mortgage Club Awards 2022 – in pictures

 

Attendees were so pleased to be back at this stand-out venue, with Comedian Tom Allen providing the entertainment.

Find a list of all the winners here. Congratulations to all.

All the winners of the Legal and General Mortgage Club Awards 2022

All the winners of the Legal and General Mortgage Club Awards 2022

Here are all the winners. Congratulations to all.

Broker categories

Best Broker Firm for New Build sponsored by Precise Mortgages

Meridian Mortgages

 

Best Broker Firm for Specialist Lending sponsored by Kent Reliance for Intermediaries

Coreco

 

Best Broker for Digital Innovation sponsored by Skipton Building Society for Intermediaries

L&C Mortgages

 

Best Broker Firm for Overall Quality (5 advisers and under) sponsored by Saffron for Intermediaries

LIFT-Mortgages

 

Best Broker Firm for Overall Quality (6-25 advisers) sponsored by BM Solutions

First Mortgage NE

 

Best Broker Firm for Overall Quality (26-75 advisers) sponsored by HSBC UK

Coreco

 

Best Broker Firm for Overall Quality (76+ advisers) sponsored by Bank of Ireland for Intermediaries

Mortgage Advice Bureau

 

Best National Network Partner sponsored by Halifax Intermediaries
Stonebridge

 

Lender categories

Best Lender for Later Life Lending sponsored by Diversity & Inclusivity Finance Forum

LiveMore

 

Best Lender for Buy to Let sponsored by Connect for Intermediaries

The Mortgage Works

 

Best Specialist Lender sponsored by Specialist Lending Solutions

Kent Reliance for Intermediaries

 

Best Lender for Service sponsored by Finance Planning Group

Halifax Intermediaries

 

Best Lender Marketing Campaign sponsored by Legal & General

Precise Mortgages

 

Best Lender for Digital Innovation sponsored by eConveyancer

Skipton Building Society for Intermediaries

 

Business Development Manager of the Year sponsored by Mortgage Solutions

Laura Underdown, HSBC UK

 

Best Smaller Lender sponsored by Rostrum

Kensington Mortgages

 

Best Overall Lender sponsored by SmartrFit

HSBC UK

 

Best Lender for Partnership with Mortgage Club sponsored by Mortgage Advice Bureau

Bank of Ireland for Intermediaries

Lenders have made a good start with green mortgages – Halifax Intermediaries video debate

Lenders have made a good start with green mortgages – Halifax Intermediaries video debate

Speaking on a Mortgage Solutions video debate in association with Halifax Intermediaries, Roberts said:  “I think lenders have made a really good start in terms of innovation, but there’s a really long way to go. 

“We now need to start demanding from lenders that we get much more focus on that. It’s not just a discount for A to C, whilst that’s nice, it’s not necessarily helping the issue.” 

 

He suggested that there needed to be help available so people could improve their home’s EPC rating and get the finance for it. 

He added: “Maybe we can be more creative around affordability measures if it’s for green [mortgages].  

“Maybe we can have much more cashback, maybe we can have more marketing. Some consistency, maybe, from the lenders would be really helpful. Education is always good – if lenders could collaborate a little bit more.” 

Bukky Bird, group sustainability director at Barratt Developments, said “the dream” was for every conversation a homeowner had about financing their home to consider the benefits of being energy efficient. 

She also proposed the idea of “genuinely impactful financial products” which factor in the savings that can be made when making a home more efficient. 

Andy Mason, head of strategic partnerships and housing at Lloyds Banking Group, said he wished to continue having “great” and “practical” conversations around green mortgages. 

He said Halifax was working on improving the quality of its backbook from an average EPC rating of D to C. 

He also said the bank was looking at piloting products to encourage people to retrofit their homes and improve energy efficiency. 

 

Watch the video embedded [7:01] hosted by Shekina Tuahene, commercial editor at Mortgage Solutions, featuring Andy Mason, head of strategic partnerships and housing at Lloyds Banking Group, Bukky Bird, group sustainability director at Barratt Developments and Kevin Roberts, director of Legal and General Mortgage Club.  

Sponsored content in association with Halifax and Lloyds Banking Group. For Intermediary Use Only 

Lloyds appoints HSBC’s Amanda Fenner as head of Halifax Intermediaries and Scottish Widows Bank

Lloyds appoints HSBC’s Amanda Fenner as head of Halifax Intermediaries and Scottish Widows Bank

She will join the firm on 25 July.

Fenner has over 20 years’ experience in the industry and has worked at HSBC for around five years, most recently as its head of the South region and large loans for HSBC’s mortgage intermediaries team.

During her tenure, she helped develop and expand the lender’s large loans broker proposition and product service offering across the UK.

Prior to that she was a business development manager (BDM) for London at Santander for nearly four years and before that worked at Coventry Building Society for around 13 years in various roles.

Esther Dijkstra, managing director for intermediaries at Lloyds Banking Group, said: “I am very pleased to announce Amanda’s appointment and welcome her to the team. As the UK’s largest lender, the intermediary mortgage market is vitally important to us.

“I am confident that bringing in someone with Amanda’s knowledge and experience will help drive the change and continuing development that are moving Halifax Intermediaries and Scottish Widows Bank forward.”

It was announced earlier this year that Ian Wilson would retire from the head of Halifax Intermediaries and Scottish Widows Bank role, having worked at the firm for over 40 years.

He started his career in Aberdeen as a cashier, and then became a BDM before moving on to become regional sales manager.

He took on the role of head of sales for Halifax Intermediaries in 2007 and in 2019, responsibility for Scottish Widows Bank was added to his role.

In a video message he thanked broker partners and co-workers for their support and wished them “great success and health and happiness in the future”.

HSBC’s Tracie Burton to be interim South region and large loans head

In the interim, Tracie Burton, senior account manager on the intermediary team, will be taking over Fenner’s responsibilities at HSBC for the South region and large loans team.

Chris Pearson, HSBC’s head of intermediary mortgages, said: “We’re very blessed to have a deep pool of talent to draw upon to cover the vacancy created by Amanda’s departure and I’m delighted that Tracie Burton will step into the role with immediate effect in conjunction with her existing duties as a corporate account manager whilst we seek a permanent solution.”

He added that Fenner had been “instrumental to our [HSBC’s] growth from a new-to-market lender in the broker sector, through to the major player we are today”.

“She has helped create a strong reputation in particular with our major London partners and helped grow and develop an exceptional team of business development managers under her leadership. She leaves with our very best wishes for the future,” Pearson said.

Halifax Intermediaries seventh lender to join API-platform Submission Brain

Halifax Intermediaries seventh lender to join API-platform Submission Brain

Delivered via an Application Programming Interface (API), it will provide intermediaries with the ability to submit Decisions in Principle (DIP) and receive a decision back through the Submissions Brain platform. The initial launch will be with Just Mortgages, Fluent Mortgages, and several other firms with a full roll-out to all intermediaries set to follow.

Halifax is the third lender to integrate with Submissions Brain since June, following the additions of Accord Mortgages and TSB, with further lenders set to join in the months ahead. They join the likes of Nationwide Building Society, Virgin Money, Coventry Building Society and Platform on the platform.

Ian Wilson, head of Halifax Intermediaries said: “At Halifax, we are always keen to identify ways to better support our intermediary partners. We’re delighted to be involved with Submissions Brain, which will allow mortgage applications to be transferred seamlessly to Halifax through direct system integration’

Jessica Brome, operations manager at Just Mortgages, said: “Our advisers have reported real benefits from engaging with the Submissions Brain platform in both the time spent over submissions and their overall efficiency. It’s wonderful to see a large lender like Halifax acknowledge how this technology can aid with mortgage advice and ensure that we can provide a more satisfying experience to our clients.”

Neil Wyatt (pictured) sales and marketing director at Mortgage Brain, added: “The addition of Halifax to the Submissions Brain gateway will be welcomed by intermediaries who are already seeing the significant time savings that the platform can provide.”

Submissions Brain allows advisers to request DIPs and submit full applications directly to partner lenders, all through a single login, while an audit trail is maintained to ensure that compliance requirements are met.

Submissions Brain was made available to all intermediaries earlier this year following a successful pilot and is integrated with both Sourcing Brain – formerly MortgageBrain Anywhere – and its Client Relationship Management system, the Key.

Halifax Intermediaries to bring in green mortgage cashback

Halifax Intermediaries to bring in green mortgage cashback

 

The deal will come into force on Monday and in order to be eligible properties need to have an Energy Performance certificate or Predicted Energy Assessment of A or B to be eligible.

The cashback is offered for purchases of a main residence only and it is capped at borrowing below 85 per cent loan to value. It can be applied to first-time buyers, homemovers, shared equity shared ownership and new build mortgages.

Halifax Intermediaries head Ian Wilson said “Our new green mortgage cashback offer continues our work to help make Britain’s homes more energy efficient.

“This addition to our product range demonstrates another way that we are working towards our group climate ambitions of halving our financed emissions by 2030.”

The cashback follows on from the lender’s green living award, which applied to mortgages between 9 November 2002 and 31 March 2021, and offered £500 cashback if borrowers made energy saving home improvements.

Currently the lender does not offer green mortgage products.

Halifax and Virgin Money cut high LTV and shared ownership mortgage rates

Halifax and Virgin Money cut high LTV and shared ownership mortgage rates

 

The lender has made reductions to two and five-year fixed rate products across the 75 per cent and 90 per cent LTVs.

This includes the two-year 75 per cent LTV deal with £999 fee at 1.31 per cent and the 90 per cent LTV equivalent which is at 3.09 per cent. The five-year versions are at 1.66 per cent and 3.41 per cent respectively.

Selected rate reductions have also been made on three-year fixed rate products across the 75 per cent and 85 per cent LTV ranges.

Here the 75 per cent LTV zero fee deal is at 1.84, while the 85 per cent LTV option with £999 fee is at 2.69 per cent.

In the new build range, the two-year fix at 75 per cent LTV with £999 fee is at 1.51 per cent and the five year version up to 85 per cent LTV is at 3.03 per cent.

 

Virgin Money

Meanwhile, Virgin Money is cutting rates on some of its products by up to 31 basis points, including a pair of broker exclusives and shared ownership mortgages.

The broker exclusives with £1,000 cashback and £995 fee at 75 per cent and 85 per cent LTV for purchases have been reduced to 1.74 per cent and 2.69 per cent respectively.

Rate reductions across its core range include the 65 per cent LTV five-year fixed cut by 31 basis points to 1.68 per cent and the first-time buyer 90 per cent LTV five-year zero fee mortgage trimmed by seven basis points to 3.62 per cent.

Shared ownership deals see two of the biggest reductions.

The 90 per cent LTV five-year fixes with £995 fee and £0 fee have been reduced by 27bps and 31bps to 3.59 per cent and 3.78 per cent respectively.

 

Monmouthshire Building Society

Monmouthshire Building Society also introduced a range of five-year fixed deals at up to 80 per cent LTV, with purchase and remortgage options available.

Interest rates range from 1.5 per cent at 50 per cent LTV to 2.25 per cent at 80 per cent LTV, with a minimum loan size of £40,000 and maximum loan size of £1m.

 

Halifax and BM Solutions cut rates

Halifax and BM Solutions cut rates

 

Halifax has adjusted products in its remortgage range with some rates increasing by up to 0.14 per cent and others cut by up to 0.17 per cent.

The remortgage deals affected include affordable housing shared equity products and shared ownership scheme.

The lender did not give any examples of specific product changes.

Meanwhile, BM Solutions has also overhauled its buy-to-let mortgage rates.

Remortgage and let-to-buy products saw a range of reductions across two-year fixes at 60 per cent and 75 per cent loan to value (LTV) and five-year fixes at 75 per cent LTV.

The cuts were applied to products with £0, £995 and £1,995 fees.

Product transfer deals at 60 per cent LTV with £995 fee also had rate reductions, while the 75 per cent LTV versions were increased.

And the lender aligned its further advance rates with its two-year 75 per cent £0 fee product transfer deals.

 

Halifax tightens income multiples

Halifax tightens income multiples

 

In a note to its intermediaries, Halifax said the 4.49 times income multiple currently used for workers earning less than £25,000 will be extended to include those with annual earnings of less than £30,000.

The bank said it was making the change to ensure it continued to lend responsibly to borrowers on lower salaries.

Applications that include any element of self-employed income will also be subject to the same change.

Halifax said this temporary change would give it “short-term flexibility on products and service levels”. The criteria change will kept under regular review.

To capture the information, the affordability calculator on the Halifax Intermediaries’ website will include the question, “does any applicant have any self-employed income?”

All other loan to income ratios will remain the same.

A spokesperson for Halifax said the bank regularly reviews criteria and the change remains in line with the market.

The changes take effect from Thursday 7 January.

Existing applications will not be subject to the changes.

 

Halifax reintroduces fee-free deals and combines BDM teams with SWB

Halifax reintroduces fee-free deals and combines BDM teams with SWB

 

It is also combining business development manager (BDM) teams with Scottish Widows Bank to allow representatives to support brokers across both brands.

The new fee-free options will be available from 7 January – prior to which the lender had only offered fee-free deals on its remortgage range.

The move follows Halifax’s re-entry into the 90 per cent LTV space in December.

Ian Wilson (pictured), head of Halifax Intermediaries and Scottish Widows Bank, said: “These changes show our commitment to providing some broader options to the broker market by introducing products to best support customers’ needs.”

 

BDM team growth

Halifax and Scottish Widows Bank, which are part of Lloyds Banking Group, are also growing the number of field and office-based BDMs as part of the team mergers.

From 11 January the field BDM team will increase by two to 44 with the telephone BDM team growing by one to 26, and they will be led by five regional managers.

BDMs will contact intermediaries where there are any potential changes in contacts but there will be no change to the SWB Premier and Halifax Premier teams.

Wilson added: “Now more than ever, providing the right support to intermediaries where and when they need it is our priority.

“Growing our BDM teams and supporting both Halifax and Scottish Widows Bank in one team helps us stay in great shape to help intermediaries continue to meet the needs of their customers.”