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Twenty7Tec has built an integrated search facility for mortgage product, criteria and lender affordability calculations.

Twenty7Tec has launched a new tool which allows brokers to source product details, criteria and affordability calculations in one search. The new Source Plus function provides results across all three aspects of eligibility on a single platform, avoiding the need to rekey data. The product and criteria elements of

Mortgage commitments hit highest level since 2007 By Roger Baird 9 th March 2021 4:18 pm The value of agreed mortgages set to be handed out over the coming months jumped to their highest level in 14 years, according to the Bank of England. New mortgage commitments in the fourth quarter of last year lifted by 24.2 per cent to £87.7bn, the highest since the third quarter of 2007, according to the Bank’s Mortgage Lenders and Administrators quarterly statistics. The jump is driven by buyers keen to beat the expected stamp duty increase in March. Earlier this week, r...

Norbury Park Wood Products marked for closure made profit four in five years, figures suggest The manager says the sawmill and workshop have made a profit this year as well Updated Norbury Park joinery team in their workshop, with manager Phil Bailey standing far left (Image: Grahame Larter) Get the latest email updates for Surrey with our FREE daily newsletterInvalid EmailSomething went wrong, please try again later. Subscribe here When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newslet...

Customers and lenders need a government-backed 95% LTV mortgage scheme in the wake of the pandemic, according to Phil Bailey, director at Twenty7Tec. Bailey said that while there has been a 40% increase in mortgage activity due to the stamp duty holiday, he believes lenders’ affordability and acceptance criteria remains stricter than it has been for many years. This coupled with rising house prices as well as rents, has resulted in it becoming much harder for individuals to save 10% to 15% for a deposit. Bailey said: “A scheme that supports both customers and lenders will surely provide m...