ING to shut down Yolt’s open banking operations. It aims to complete the phase out by the end of April 2023, after previously closing its consumer-facing smart money app to focus on its technology business.
Fleet Mortgages expands offices in two regional centres. Taking over a third floor at its Flagship House head office in Fleet as well as taking space at parent company Starling Bank’s Cardiff office.
LendInvest opens new office in Scotland to meet increasing demand for property finance in the north of the UK, and to access talent from a financial and technology hub. It is the fintech lender’s first UK office outside of London.
Newcastle Building Society named Best Regional Building Society for the sixth consecutive year at the What Mortgage Awards 2022. Aldermore’s gross mortgage lending rises to £1.1bn in the full year to 30 June 2022, a 36% rise on the £815m in 2021. Its pipeline was 122% higher than it was at the same time, last year. Overall, the group posted 30% growth in profit before tax from £157.8m to £204.7m.
Habito raises £5m to undertake 'strategic refocus’ of its core services, such as the mortgage brokerage and its Plus service, which combines the mortgage, surveying, and conveyancing process to support clients through to completion.
Alan Young joins L&C Mortgages as chief executive, having held various roles including those at ULS Technology, John Charcol and most recently as the MD of conveyancing and survey panel management business, Optimus.
David Hynam incoming chief executive for LV=, subject to regulatory approval. He has 30 years experience in retail financial services, including as chief executive officer of Bupa’s UK and Global markets, UK CEO of Friends Life, and chief operating officer of AXA.
Fintech mortgage lender Perenna lands $30m Series A funding from US venture capital firm, IAG Silverstripe suggesting that it could launch its 30-year mortgages imminently.
Adviser acquisitions drive MAB market share growth by 13% to 6.8%, following the acquisition of the Fluent Money Group. Overall gross mortgage completions at MAB, including product transfers, grew by 11% to £12.2bn, while gross new mortgage completions excluding product transfers rose by 7% to £10.3bn.
Age Partnership reports £2.6m in profit for the year ending 31 December 2021. The Leeds-based advisory firm reports that they have gained significant market share since the start of this year in an equity release market expected to reach £6bn by 2026.
Tandem Bank lays out CEO succession plans after Susie Aliker informed the Board of her intention to step down in the coming months. Alex Mollart, currently deputy CEO, the founder and former CEO of Oplo, the consumer lender acquired by Tandem in early 2022, will become CEO subject to regulatory approval.
Twenty7tec adds raft of new roles after Bluecoat purchase including, Nathan Reilly becoming the director of customer relationships, Josh Skelding promoted to director of sales, and Mike Clifford as the chief operating officer.
