LMS launches Bank Account Check service for borrowers to help combat deposit fraud

LMS’ Bank Account Check allows borrowers to confirm their law firm’s bank details to mitigate fraud risk The Bank Account Check free service is latest part of LMS’s drive to make conveyancing process safer and more secure for everyone involved in the mortgage process Read More

LMS extends partnership with Yorkshire Building Society

LMS will now provide remortgage services across the lender’s intermediary brand, Accord Mortgages LMS, the conveyancing solutions provider, has today announced the extension of its services with Yorkshire Building Society (YBS). LMS will now provide Fees Assisted remortgage services across the lender’s intermediary brand, Accord Mortgages.   Previously, LMS delivered… Read More

2018 – The year of the Product Transfer

2018 In Review £150 bn value of mortgage debt transferred internally in 2018 1,155,000 number of product transfers in 2018 £70 bn value of mortgage debt transferred internally on a non-advised basis 47% Proportion of product transfers undertaken on a non-advised basis… Read More

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

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

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

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

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

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

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