Mortgage Industry News: Hilco Boosts Bridge Lending Division with Double Appointment
The mortgage industry has seen a significant development with Hilco’s recent announcement to boost its bridge lending division with a double appointment. This move is expected to strengthen the company’s position in the market and provide more opportunities for borrowers.
Hilco’s Expansion Plans
Hilco’s decision to expand its bridge lending division is a strategic move to capitalize on the growing demand for short-term financing solutions. The company has appointed two experienced professionals to lead the division, bringing a wealth of knowledge and expertise to the table.
Gen H Launches New Foreign National Policy
In other news, Gen H has launched a new foreign national policy, designed to cater to the growing demand for mortgage products from international borrowers. This move is expected to increase competition in the market and provide more options for foreign nationals looking to invest in UK property.
Offa Chairman Receives Leadership Award
Offa’s chairman, Sultan Choudhury OBE, has been awarded the Tun Dr Mahir Bin Mohamad Leadership Award at the Islam Channel Business Awards. This prestigious award recognizes Choudhury’s outstanding achievements in business and his contributions to the Muslim community.
LendInvest Mortgages Cuts Rates by Up to 0.25%
LendInvest Mortgages has announced a rate cut of up to 0.25% across its product range. This move is expected to make its mortgage products more competitive in the market and attract more borrowers.
Lloyds Banking Group’s Profits Plunge by 28%
Lloyds Banking Group has reported a 28% decline in profits, citing increased competition and regulatory pressures. This decline is a setback for the banking group, which has been working to recover from the financial crisis.
Mortgage industry news and updates
TMW Increases Rates Across Product Offering
The Mortgage Works (TMW) has increased rates across its product offering, citing changes in the market and economic conditions. This move is expected to affect borrowers who are looking for mortgage products with competitive rates.
TAB Launches New Long-Term Lending Solution
TAB has launched a new long-term lending solution, designed to provide borrowers with more flexibility and choice. This move is expected to increase competition in the market and provide more options for borrowers.
Mortgage products and lending solutions
19% of New Equity Release Plans for Properties Worth Over £550,000
A recent study has found that 19% of new equity release plans are for properties worth over £550,000. This trend is expected to continue, as more homeowners look to release equity from their properties.
Chorley Building Society Expands Mortgage Offerings with New Products
Chorley Building Society has expanded its mortgage offerings with new products, designed to cater to the growing demand for mortgage products from borrowers. This move is expected to increase competition in the market and provide more options for borrowers.
Mortgage offerings and products
Home Insurance Premiums Up 31% Year-on-Year
Home insurance premiums have increased by 31% year-on-year, according to a recent study. This trend is expected to continue, as insurers respond to changes in the market and economic conditions.
Aviva Enhances Direct Home Insurance Offering
Aviva has enhanced its direct home insurance offering, designed to provide customers with more flexibility and choice. This move is expected to increase competition in the market and provide more options for customers.
Mutual Income Protection Providers See Significant Growth in 2023
Mutual income protection providers have seen significant growth in 2023, as more people look to protect their income in the event of illness or injury. This trend is expected to continue, as more people prioritize financial protection.
Income protection and insurance
