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Increase in Break-Up Borrowing

Industry News

LMS, the UK’s leading conveyancing panel manager, have introduced new technology to their conveyancing offering, e-COT.  This innovation will offer a number of advantages by driving efficiencies, reducing both timeframes and risk, and providing certainty of documentation delivery within the process. The electronic certificate of title (e-COT) technology will enable law firms to send certificates […]

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Recent News

29th
October

LMS News

LMS launches e-COT


LMS, the UK’s leading conveyancing panel manager, have introduced new technology to their conveyancing offering, e-COT.  This innovation will offer a number of advantages by driving efficiencies, reducing both timeframes and risk, and providing certainty of documentation delivery within the process. The electronic certificate of title (e-COT) technology will enable… Read More

24th
October

Industry News

More customers using brokers to secure remortgage deals


85% of borrowers expect interest rates will rise compared to 45% in August 2017 88% of borrowers consult a broker when remortgaging, up from 75% in July 2018 91% of borrowers felt brokers offer good value – compared to just 86% in July Average remortgage loan amount breaks last month’s… Read More

26th
July

Industry News

Increase in Break-Up Borrowing


Proportion of borrowers remortgaging due to separation or divorce rises to 5% of market in May – up from 2% Remortgaging to pay off debts also rises from 13% of the market in April to 16% in May Demand for five-year fixed rate remortgages increases year-on-year to hit 42% of… Read More

12th
June

Industry News

HM Land Registry to launch Local Land Charges service


Throughout the summer of 2018, HMLR will be launching their digital Local Land Charges service for the following local authorities (this list may be subject to change): Blackpool Council; Blackburn with Darwen Borough Council; City of London Corporation; Liverpool City Council; London Borough of Lambeth; Norwich City Council; Peterborough City… Read More

6th
June

Industry News

Resurgence in five-year fixed rate deals


Demand for five-year fixed rate remortgages jumps up 47% – representing half the market Five-year deals up 11 percentage points from March (as a proportion of the whole market) Expectations for an increase in the base rate this year fall to lowest level in seven months Average remortgage loan amount… Read More

19th
February

Industry News

Remortgage market surges in new interest rate environment


Number of remortgage deals increase 41% - from 28,400 in December 2016 to 39,943 in December 2017 Read More

26th
January

Industry News

Demand for two-year fixed rate deals rises – First look at the new interest rate environment


Two-year fixed rate deals bounce back – accounting for 23% of all remortgages Demand for five-year fixed rate deals reduces from 50% to 43% Interest rate rise impacts borrower behaviours as they seek to lower monthly bills   Demand for two-year fixed deals rose for the first time in four… Read More

18th
January

Industry News

The Mortgage Lender partners with LMS to unveil new legal panel


In response to demand for access to a wider network of conveyancing firms The Mortgage Lender (TML) has partnered with LMS and will be using its Panel Link® from 22nd January 2018. Read More

3rd
January

Thought Blog

Remortgaging: popularity of fixed rates soar


Remortgaging: popularity of fixed rates soar : The remortgage market is being buoyed by consumers' search for certainty and security, according to conveyancing service provider LMS. Read More

3rd
January

Thought Blog

Demand for longer term fixed rate mortgages rises in the UK


Demand for longer term fixed rate mortgages rises in the UK : Over the last 12 months, the remortgage market in the UK has transformed with demand for fixed deals surging while the popularity of variable remortgages has plunged, new research has found. Demand for variable products fell… Read More

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