Maria Harris appointed intermediary mortgage boss for digital bank

Maria is one of the brightest and most capable members of our community. A very sharp appointment.

Rob Jupp

Breaking the sourcing system duopoly – Mortgage27

I did not know sourcing systems dual charge. They charge the broker to use system and the lender to be on the system. Despite this [the] software remains buggy and product data incorrect causing filters to be useless.

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What mortgage and protection advisers should take from the FCA’s AI stance

Sponsored by Sesame Bankhall Group

It would seem lenders are definitely getting a “bad deal” with these systems… It is quite odd as without the data lenders provide; the sourcing system would be desolate.

Adam Hosker

Brokers struggle to capitalise on new build growth

I have a client who wishes to offer on a new build flat on a local development, using the Help to Buy equity scheme. They have been told by the developer’s representative that they have to go through their in house mortgage advisers.

This seems to be commonplace and may well explain why two-thirds of brokers have not completed a single case in the last month!

Broker123

FCA fee revenue drops due to firm refunds

….that just about sums it up. If I had a business which had an almost defined income stream I certainly wouldn’t make a loss. Whoever is holding the purse strings in this organisation really needs to consider their position. Anyway, at least the pension fund is okay!

Pointed

L&G hit highest ever monthly completions in June; biggest UK distributor crown assured

It is certainly true that MMR has resulted in more work for Brokers. Particularly if you have to use interest only.

Good Mortgage Man

Thank you for your comments this week