Ryan Bembridge

Ryan Bembridge reflects on five years in the mortgage market

This is my last day working at Mortgage Introducer after more than five years, as I’m travelling to Toronto in Canada for a change of scene. Given that I’ve been in the market for a decent chunk of my life, I’ve decided to write a piece reflecting on those years.

Ryan Bembridge reflects on five years in the mortgage market

Paragon migrates development finance portfolio to Phoebus

Titlestone was already a Phoebus user and the migration means Paragon’s whole portfolio, with a total value of over £570m, will now be serviced on the Phoebus platform.

Paragon migrates development finance portfolio to Phoebus

Bank of England interest rate held at 0.75%

The Bank’s Monetary Policy Committee noted that business uncertainty about Brexit is more entrenched, while the risk of a difficult Brexit has led to a depreciation in the value of the pound.

Bank of England interest rate held at 0.75%

Landlords hike rents after lettings fee ban

In June more than half (55%) of agents saw landlords hike their rents, a 22% increase from May.

Landlords hike rents after lettings fee ban

Equity Release Supermarket achieves record H1

The advisory service also grew its customer count by 28% over that period.

Equity Release Supermarket achieves record H1

Landlords hike rents after lettings fee ban

In June more than half (55%) of agents saw landlords hike their rents, a 22% increase from May.

Landlords hike rents after lettings fee ban

Equity release drawdown sales grow by 5%

Some 7,227 new drawdown lifetime mortgages were taken out in the second quarter. This total was up 5% from Q1 2019 and 2% from Q2 2018.

Equity release drawdown sales grow by 5%

Furness for Intermediaries cuts consumer buy-to-let rates

Following the cuts the lender’s discount rate product include a 2-year product at 2.09% to 65% loan-to-value and a 2-year product at 2.54% to 75% LTV. Both products carry a £1,250 product fee.

Furness for Intermediaries cuts consumer buy-to-let rates

Furness for Intermediaries cuts consumer buy-to-let rates

Following the cuts the lender’s discount rate product include a 2-year product at 2.09% to 65% loan-to-value and a 2-year product at 2.54% to 75% LTV. Both products carry a £1,250 product fee.

Furness for Intermediaries cuts consumer buy-to-let rates

Paisley is the top place to raise a property deposit while renting

In the town the average monthly rent is £351, typical salary is just shy of £25,000, while the average house price is £120,754.

Paisley is the top place to raise a property deposit while renting