Over a quarter of SMEs whose loan applications had been referred for manual underwriting, and who risked missing out on credit, could be given access to finance had Open Finance been...
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The start of 2024 also saw an 80% increase in the number of properties coming to market.
62% are struggling to secure a large enough mortgage with the issue most severe in London.
The team will focus on the development of products, pricing, and the launch of new propositions.
The change will increase the volume of lending that can be provided to borrowers.
Clare will succeed Ben Broadbent, who has served since 2014.
However, transactions saw the first month-on-month increase since August 2023.
Simon Jackson, managing director of SDL Surveying, explores the potential introduction of 99% LTV mortgages in next week's Spring Budget and why, despite a negative reception from...
Despite the uptick in approvals, the annual growth rate for net mortgage lending was negative for the first time.
The lender has also released new F1 standard buy-to-let products.
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