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Target Group teams up with fintech mortgage lender Perenna

Target Group teams up with fintech mortgage lender Perenna
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Start-up Perenna partners with Target to offer Mortgage Hub

Online lender Perenna has agreed a partnership with software provider Target that will allow the start-up to begin offering mortgages The deal will see Perenna launch its Mortgage Hub, allowing it to offer decisions in principle within 20 seconds. Perenna says it will offer a range of flexible 30-year long-term

Self-employed who took pandemic grants are a red flag for mortgage lenders

Brokers warn the problem is far from over for self-employed applicants  Self-employed people who used government grants or furloughed employees are being penalised by mortgage lenders, which see the use of support schemes as a “red flag”. Prospective borrowers have been shut out of the market since the crisis hit last year, with only high earners being encouraged to apply. While some lenders have begun to relax lending restrictions for the self-employed, brokers said the problem was far from resolved. Several banks are not accepting applications from anyone who received a grant under the Self-Employment Income Support Scheme after July 2020. 

Leeds links Lender Connect to mortgage platform | Mortgage Introducer

Leeds Building Society is linking Lender Connect from Iress to its online mortgage platform. Lender Connect uses API technology to connect customer relationship management systems and Leeds Building Society’s Mortgage Hub platform. This results in less re-keying, a reduction in error rates and assistance with compliance oversight. Martese Carton, Head of Intermediary Distribution at Leeds Building Society, said: “Since launching Mortgage Hub with Iress last year, our mortgage application process has become more streamlined, saving everybody time amid some of the busiest months for lending in our history. “The user-friendly interfaces have simplified applications for both our colleagues and intermediary partners. Lender Connect further enhances the process, allowing many intermediaries to submit a case at the touch of a button, saving the need to re-key.”

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