This page contains a Flash digital edition of a book.
In Reference Appointments & Updates


New data from the MCI Club show that pre-mortgage activity in June has returned to the same levels as 2019. The data show diary appointments


leaping more than 50% to 46,120 between May and June – very similar to 2019 levels and only marginally down on pre- lockdown. This shows that lead pipelines are


buoyant after an average 31% drop-off over April and May, even before the Chancellor’s recent announcement of a temporary Stamp Duty cut. However, protection activity, which spiked


in March 2020, dropped by an average of 40% for the same period and is 30% lower for June compared to 2019. Remortgages continue to outstrip


purchases, a situation that started in September 2019, as macro factors such as the general election and Brexit negotiations were played out. Leading up to the lockdown announcement, the number of purchases significantly declined but remortgages rose dramatically the week after the lockdown announcement, jumping 63% in four weeks. Melanie Spencer, Head of the Mortgage


Club, commented: “It is certainly refreshing to see that mortgage activity is returning to pre-lockdown and 2019 levels.”


Bibby Line Group has today announced that Jonathan Andrew will join their Bibby Financial Services business as Global CEO on 1 September. He joins the leading independent financial services


company having served as Global Chief Operating Officer at Peac Finance, an International B2B lender focussed on supporting SMEs with their financing requirements. Additionally, he serves as non-executive Chairman of


Arkle Finance Limited, part of Weatherby’s Banking Group. John Cresswell, Bibby Line Group CEO said: “We are


Jonathan Andrew


delighted to attract a leader of Jonathan’s calibre to Bibby; his commitment to customer service and unique sector experience make him ideal for this role, and I am looking forward to him leading our financial services business in its next phase of development. “With the sale of BFS’ US business bolstering liquidity and the restructuring


programmes delivered this year, David will leave the business in a great position to grow as the UK economy recovers from the impact of the coronavirus pandemic. I would like to take this opportunity to thank David for his support and commitment over the last nine years. Mr Andrew added: “I am very pleased to join such an innovative, values-


led company that is truly committed to customer service and colleague development. I look forward to meeting the team and developing BFS in its next stage of growth in these dynamic global markets.”


First 4 Bridging (F4B) has moved to further strengthen its specialist lending panel with the addition of Hope Capital. This partnership will see intermediary


partners and introducers benefit from Hope Capital’s experience and reputation for


Landbay, one of the UK’s leading buy-to-let lenders, has launched a new funding partnership with a UK bank. This deposit-taking bank will fund mortgages originated by Landbay and hold them on their balance sheet. This partnership complements Landbay’s current institutional funding arrangements and will allow Landbay to broaden its product range, which is available to buy-to-let investors via mortgage intermediaries. This new partnership will make Landbay one of the most


service excellence, combined with access to the bridging finance specialist’s extensive product range, including the new Custom Collection which incorporates six products, features and options. Additionally, they will be able to take advantage of Hope Capital’s recent development which enables it to lend based on AVMs, drive-bys or desktop valuations. F4B is in the process of undertaking an


extensive review of its panel to ensure that lending partners demonstrate the highest service standards, backed by competitive product ranges, flexible criteria, good quality support networks and robust funding lines. This panel addition will bolster F4B’s


John Goodall


diversely funded buy-to-let lenders in the UK. John Goodall, CEO at Landbay, said, “This new funding partnership and our


contribution to the successful Canada Square securitisation earlier this month, together with the measures that we have put in place over the past three months, means that Landbay is one of the few lenders emerging from the pandemic stronger than we went in. We have continued to lend throughout the year, including throughout the lockdown. “At the end of March we became the only, purely buy to let mortgage lender


to make it into Tech Nation’s Future Fifty index of the UK’s most successful tech companies, placing Landbay as one of the leading FinTech companies in the country. We are continuing to strengthen our already robust lending model and innovative platform from which we lend.”


August 2020 www.CCRMagazine.com


offering in the short-term finance sector. Donna Wells, Director at F4B said: “We


have always placed a strong emphasis on offering our intermediary partners and introducers access to an extensive lending panel. However, it is more important than ever


to ensure that we are aligned with lenders who have fully adjusted to what remains a transitional lending marketplace and who we can rely on to meet shifting client demands in a timely, supportive, flexible and responsible manner.”


49


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52