Aaron Conlon, Managing Director of Fluent’s Equity Release division, discusses the performance of the later life lending sector throughout quarters 1 and 2 of 2023, how the sector has evolved and considers the myths and facts of later life lending. Later life lending: A flourishing landscape When the Default Retirement Age was scrapped in 2011, … Continued
There’s no doubt that we faced a challenging year in 2022. Rising interest rates, a cost-of-living crisis and political instability put the wider economy under pressure. The property industry was not immune to this; mainstream lenders struggled to lend, while many borrowers faced fresh affordability issues. But, despite the negative sentiment, the bridging market went from strength … Continued
With January behind us and our 2023 business plans launched, we are approaching, at speed, the introduction of the FCA’s new ‘Principle 12’ on Consumer Duty. Consumer Duty is the largest shake up in FCA regulation in over a decade and represents a completely different viewpoint on how to treat customers fairly. Across financial services, … Continued
In a new era of financial services, we have evolved to become Fluent Partners. After several months of hard work behind the scenes, we’re proud to finally share our new brand proposition with you. Our rebrand and fresh, new identity marks an exciting new era for the B2B arm of Fluent Money. Formerly known as … Continued
Client Challenge A client found himself in a challenging financial situation when he exceeded the term of his original bridging loan by two months. The lender was imposing significant interest costs for each additional month. Initially, the balance at the end of his original term was £329,000. However, as a result of these additional charges, … Continued
Background Fluent were contacted by a returning customer from earlier this year in May, who was facing a significant financial challenge. The client was looking to purchase the property he was currently renting, but he found himself £50,000 short of the required funds. The property’s purchase price was £750,000. The primary challenge in this case … Continued
The last 12 months have been something of a turning point for the UK property market. Following a decade of historically low rates and relatively modest house prices, we saw lots of change last year. In just 12 months, interest rates surged by more than 5 percentage points, mortgage rates doubled and there was a … Continued
Jimmy Govan, National Sales Manager at MPowered Mortgages, shares his top tips on how brokers can use ChatGPT to improve their marketing strategy. AI is an increasingly hot topic at the moment, and ChatGPT is often at the core of these discussions. It’s changing the way many companies do business, and many brokers are now … Continued
Background Our bridging division were tasked with providing a bridging loan of £1.6 million to assist a couple wishing to downsize. The customers were looking to acquire a smaller home, before selling their current property. Our customers were a middle-aged couple and had a large family home at a market value of £2.5m. Mr was … Continued
Managing Director of Fluent Money’s Equity Release division, Aaron Conlon, broadens his role to support MAB in driving the growth and expansion of new later life lending proposition Mortgage Advice Bureau (MAB) has announced a series of new appointments within its mortgages and later life lending team. In addition, and as part of these changes, … Continued
Background Last month, our equity release division delivered lightning-fast results for their customers – in just ten days! They were approached by a couple aged 73 and 74 who wanted to raise funds of £50,000. Miles and his wife Dolares required funds for travel as they have two sons living abroad. While one of their … Continued
Fluent’s Mortgage Sales Director shares her thoughts on major lenders withdrawing mortgage products with little notice and the ongoing turmoil in the mortgage market.
EPCs are more or less second nature to property professionals who deal with building, letting, or selling a property. That said, energy efficiency remains a hot topic as the property industry moves towards a more sustainable future. As part of the Government’s aim to reduce carbon emissions from buildings and improve the energy efficiency of … Continued
Clearly, no business is immune to cyber risk irrespective of its size and industry. And since the digital world is constantly changing, software and networks are always developing loopholes for attackers to seek and exploit. As a Fintech finance broker, we have built cyber security into our product, and all our operations. Now a strong … Continued
Just as we start to see the effects of the global pandemic ease, we are thrown into a new challenge that will once again affect us all – the rising cost of living. With ever increasing retail and energy prices affecting millions of households, naturally, many people may need to raise additional funds. Inflation has … Continued