UK Finance: Challengers and specialist lenders take a greater share of the market | Mortgage Introducer

Challenger banks and specialist lenders took a bigger share of the mortgage market in 2017 compared to the year before, UK Finance figures show. Lenders that saw their lending levels increase include Paragon, which climbed from the 21st biggest lender to the 19th after upping gross lending by 78%. Source: UK Finance: Challengers and specialist lenders take a greater share of the market | Mortgage Introducer

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Open Banking goes live from tomorrow | Mortgage Introducer

Open Banking hits the market tomorrow – which will allow companies to access peoples’ bank or building society data once given permission by the customer. Nine of the biggest UK lenders – Lloyds, RBS, Barclays, HSBC, Santander, Danske, Allied Irish Bank, the Bank of Ireland and the Nationwide Building Society – must share transaction history data if requested in a standard format. Source: Open Banking goes live from tomorrow | Mortgage Introducer

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