Darrell Walker, director of sales and distribution at ModaMortgages, explains why products are no longer the key differentiator in the specialist lending market and how technology will...

UTB has announced changes to bonuses, limited company director and self-employed income, and contractor criteria.

96% of non-PAYE applicants said brokers understood their needs when buying a property.

The new option reduces costs and improves turnaround times for scenarios such as auction purchases, portfolio transactions, and urgent completions.

The update broadens access for borrowers, particularly those with minor credit issues.

The lender is expanding its distribution in key regions.

His career spans key positions at major lenders including NatWest and Lloyds Bank. 

The lender has also changed its criteria and expanded its LTV bands.

The lender says the current stage in the market cycle and the strength of the US dollar is driving prime property activity.

The second charge lender is transitioning from its launch phase into a period of growth and long-term strategic planning.