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Tag: Remortgage

  • Mortgage Market Update: Rate Cuts by West Brom, TSB, and Foundation

    Mortgage Market Update: Rate Cuts by West Brom, TSB, and Foundation

    Recent mortgage rate reductions from West Brom Building Society, TSB, and Foundation have significant implications for borrowers, particularly first-time buyers and those with smaller deposits. These changes aim to enhance affordability and accessibility in the current mortgage market.

    TL;DR: West Brom has cut its two-year fixed rate for 90% LTV mortgages by 0.22% to 5.08%; TSB has reduced rates on residential mortgages by up to 20 basis points, benefiting buyers and remortgagers alike.

    What are the key changes from West Brom Building Society?

    West Brom Building Society has announced several rate cuts aimed at supporting first-time buyers and homemovers. Notably, the society has lowered its two-year fixed rate 90% loan-to-value (LTV) purchase mortgage from 5.3% to 5.08%, a reduction of 0.22%. This product carries a fee of £999.

    Additionally, the two-year fixed rate for first-time buyers and homemovers with a 5% deposit has been decreased by 0.26%, bringing the rate down from 5.84% to 5.58%, with no application fee. For new-build purchases, the two-year fixed rate at 90% LTV has also been cut by 0.23%, now standing at 5.58% with a £999 fee.

    How is TSB adjusting its mortgage offerings?

    TSB has joined the trend of rate reductions, particularly impacting residential mortgages. The bank has slashed rates on two-year fixed purchase mortgages at 75% LTV or lower by up to 20 basis points. This reduction also extends to five-year fixed purchase mortgages available at up to 95% LTV. Furthermore, selected remortgage rates will see cuts of up to 15 basis points starting tomorrow.

    What changes has Foundation made to its mortgage products?

    Foundation has reintroduced previously withdrawn products and implemented rate cuts on various offerings, including holiday let and multi-unit block (MUB) mortgages. Among the notable products is the ERC3 fixed rate, which features early repayment charges only for the first three years of its five-year term. This product is available for loans up to 75% LTV, with a rate of 6.39% and a fee of 1.5%.

    Foundation also offers two remortgage-only five-year fixed rate products: F1, aimed at clients with nearly clean credit histories, at a rate of 6.44%, and F2, for those with some credit issues, at 6.54%. Both products include a free standard valuation and £500 cashback, with no application fee. Additionally, the company has launched EPC Saver mortgages in partnership with Vibrant Energy Matters, which provide £1,000 cashback and a free energy-saving audit, encouraging borrowers to enhance property energy efficiency.

    What does this mean for the mortgage market?

    These rate cuts are a positive development for first-time buyers and those looking to move, as they lower the cost of borrowing and make homeownership more attainable. With West Brom’s reductions particularly benefiting buyers with smaller deposits, and TSB’s adjustments providing options for a broader range of LTVs, the mortgage market appears more accessible.

    For investors, Foundation’s reintroduction of products and focus on energy efficiency through EPC Saver mortgages may present new opportunities, especially in the holiday let and multi-unit block sectors. Borrowers should closely monitor these changes, as they may influence their financing decisions and overall mortgage strategy.

    Frequently asked questions

    What types of mortgages have seen rate cuts recently?

    West Brom has cut rates on two-year fixed mortgages for 90% LTV purchases, while TSB has reduced rates on residential mortgages at 75% LTV or lower. Foundation has also lowered rates on holiday let and multi-unit block products.

    How can these changes impact first-time buyers?

    The rate reductions from West Brom and TSB make it easier for first-time buyers to secure mortgages with smaller deposits, thus improving affordability and access to homeownership.

  • Landlords Show Strong Intent to Remortgage

    Landlords Show Strong Intent to Remortgage

    Recent findings indicate that a significant portion of landlords are planning to remortgage within the next year, highlighting notable activity in the mortgage market despite ongoing regulatory changes and economic pressures. This trend is particularly pronounced among larger portfolio landlords, who are more likely to seek refinancing options compared to those with fewer mortgages.

    TL;DR: A significant number of landlords intend to remortgage in the next year; larger portfolio landlords are leading this trend, indicating active engagement in the mortgage market.

    Why Are Landlords Choosing to Remortgage?

    According to Pegasus Insight, the property insight company behind these findings, the decision to remortgage is being driven by larger portfolio landlords. These landlords, who typically manage multiple properties, are more likely to seek refinancing options compared to those with fewer mortgages. This trend suggests a strategic approach to managing their investments and optimising their financial positions.

    What Impact Do Regulatory Changes Have?

    Despite the backdrop of regulatory changes, such as the Renters’ Rights Act, landlords remain proactive in managing their borrowing arrangements. Mark Long, founder and managing director of Pegasus Insight, noted that landlords are continuing to navigate increasingly complex financial situations. This resilience suggests that landlords are adapting to new regulations while seeking to optimise their financial positions through remortgaging.

    What This Means for Landlords

    For landlords, the intention to remortgage signals a strategic approach to managing their investments. With many buy-to-let landlords holding multiple mortgages, refinancing can provide opportunities for improved cash flow and better interest rates. This is particularly relevant as tenants remain in rented accommodation for extended periods, indicating stability in the rental market.

    Frequently Asked Questions

    How can landlords benefit from remortgaging?

    Remortgaging can offer landlords lower interest rates, improved cash flow, and the ability to access equity for further investments, enhancing their overall financial strategy.

    What should landlords consider before remortgaging?

    Landlords should evaluate their current mortgage terms, consider the costs associated with remortgaging, and assess their long-term investment goals to ensure that refinancing aligns with their financial objectives.

  • 40% of Landlords Plan to Refinance in Next Year

    40% of Landlords Plan to Refinance in Next Year

    Recent research indicates that a significant portion of landlords are preparing to refinance their mortgages within the next year. According to the Q1 2026 Landlord Trends study, nearly 40% of landlords are considering remortgaging, a trend that highlights ongoing engagement with the mortgage market despite economic challenges.

    TL;DR: Nearly 40% of landlords plan to refinance in the next year, with larger portfolio landlords leading the trend. This shift suggests active management of complex borrowing arrangements.

    Why Are Landlords Choosing to Refinance?

    The motivation behind this refinancing trend is largely driven by larger portfolio landlords, with 56% of those holding four or more mortgages indicating they intend to remortgage. In contrast, only 24% of landlords with one to three mortgages are planning similar actions. This disparity suggests that those with more extensive portfolios are actively seeking to optimise their borrowing arrangements.

    What Are the Implications for the Mortgage Market?

    The anticipated refinancing activity could lead to a surge in remortgaging within the mortgage market over the next year. Landlords planning to refinance expect to remortgage an average of 2.7 loans each, indicating a substantial volume of transactions. This influx may influence current mortgage rates and availability, making it essential for landlords to stay informed about current mortgage rates.

    What This Means for Landlords

    For landlords, this trend presents an opportunity to reassess their financial strategies and potentially secure better mortgage terms. Engaging with brokers to explore refinancing options could help landlords manage their investments more effectively, especially in a fluctuating economic environment. Understanding the intricacies of remortgaging will be important for those looking to optimise their portfolios.

    Frequently Asked Questions

    How can landlords benefit from refinancing?

    Refinancing can offer landlords the chance to secure lower interest rates, reduce monthly payments, or access equity for further investments.

    What should landlords consider before refinancing?

    Landlords should evaluate their current mortgage terms, potential fees, and the overall market conditions to ensure refinancing aligns with their financial goals.

  • Mortgage Market Sees 20% Drop in Searches for April

    Mortgage Market Sees 20% Drop in Searches for April

    The UK mortgage market experienced a significant decline in activity during April, with total mortgage searches plummeting by 20% month-on-month, from 2.15 million in March to 1.71 million. This drop highlights the ongoing sensitivity of the market to economic pressures and concerns over borrower affordability.

    TL;DR: Mortgage searches fell 20% in April, indicating affordability concerns for borrowers. This impacts potential homebuyers and landlords, who may face tighter lending conditions.

    What caused the decline in mortgage searches?

    The sharp decline in mortgage searches was most pronounced in residential remortgage searches, which fell by 32% compared to March. Buy-to-let (BTL) remortgage searches also saw a decrease of 23%. Additionally, residential purchase searches softened by 9% month-on-month and 1% year-on-year. These trends reflect the ongoing affordability challenges that potential buyers face, despite some periods of more stable interest rates.

    How does this affect landlords and borrowers?

    For landlords, the 3% year-on-year increase in BTL searches suggests a slight resilience in the buy-to-let sector, although remortgage searches in this category also dropped. Borrowers looking to purchase homes may find the current market environment challenging, as the reduction in product availability in April indicates lenders are responding to fluctuations in swap rates and inflation expectations. This could lead to stricter lending criteria, making it harder for first-time buyers to secure mortgages.

    What should we watch for next in the mortgage market?

    As the mortgage market continues to react to economic conditions, stakeholders should monitor upcoming trends in borrower sentiment and product availability. The recent decline in searches could signal a more cautious approach from lenders, which may impact future borrowing costs and availability. Keeping an eye on current mortgage rates and comparing options will be essential for those looking to navigate this shifting market.

    Frequently asked questions

    Why did mortgage searches drop significantly in April?

    The 20% drop in mortgage searches in April was primarily due to affordability concerns among borrowers, leading to a decrease in both remortgage and purchase searches.

    What does this mean for first-time buyers?

    First-time buyers may face increased challenges in securing mortgages as lenders may tighten their criteria in response to the current economic climate and reduced product availability.

  • Mortgage Market Sees 20% Decline in Searches for April

    Mortgage Market Sees 20% Decline in Searches for April

    The UK mortgage market experienced a significant decline in activity in April 2026, with total mortgage searches dropping by 20% month-on-month. This downturn, as reported by Twenty7tec, highlights ongoing borrower affordability concerns and the market’s sensitivity to economic fluctuations.

    TL;DR: Mortgage searches fell 20% in April, indicating ongoing affordability issues for borrowers. This slowdown could impact future lending and purchasing decisions.

    Why Did the Mortgage Market See a Decline in Searches?

    Total mortgage searches fell from 2.15 million in March to 1.71 million in April. The most notable drop was in residential remortgage searches, which plummeted by 32%. Additionally, buy-to-let (BTL) remortgage searches decreased by 23%. Residential purchase searches also softened, declining by 9% month-on-month and 1% year-on-year. This trend suggests that potential buyers are facing persistent affordability challenges, despite some stability in mortgage rates.

    What Does This Mean for Borrowers and Investors in the Mortgage Market?

    For borrowers, the decline in mortgage searches indicates heightened caution in the market. Those considering purchasing a home or remortgaging may be weighing their options more carefully due to affordability pressures. Investors in the buy-to-let sector may find that while BTL searches increased by 3% year-on-year, the overall market sentiment remains cautious. The reduction in product availability, following a period of higher activity, also reflects lenders’ responses to economic conditions and inflation expectations.

    What Should Brokers Watch Next in the Mortgage Market?

    Brokers should monitor the ongoing shifts in borrower sentiment and lender responses to economic pressures. The reduction in product availability suggests that lenders are adjusting their offerings based on market conditions. Keeping an eye on future trends in current mortgage rates and borrower behaviour will be important for advising clients effectively.

    Frequently asked questions

    What factors are affecting the mortgage market?

    The mortgage market is influenced by economic conditions, borrower affordability, and lender responses to inflation and swap rate movements.

    How can borrowers navigate current affordability challenges?

    Borrowers should consider exploring various mortgage products and consult with brokers to find options that best suit their financial situation.

  • InterBay Secures £17.5m Remortgage for Residential Development

    InterBay Secures £17.5m Remortgage for Residential Development

    InterBay, a specialist property lender, has successfully structured a £17.5 million remortgage for a significant residential scheme comprising 103 units across three purpose-built buildings. The financing was facilitated in collaboration with SPF Private Clients, showcasing InterBay’s expertise in managing complex residential investment deals.

    Understanding the Transaction

    Marc Callaghan, head of commercial mortgages at InterBay, highlighted the importance of this transaction in demonstrating the lender’s capability to handle large-scale projects efficiently. He noted, “This transaction demonstrates InterBay’s ability to structure large, complex residential investment deals with speed, confidence and a deep understanding of the PRS market.” The intricate nature of the development required a lender with a comprehensive understanding of the asset class and the ability to navigate the process confidently.

    Implications for the Residential Property Sector

    The successful remortgage reflects a growing trend in the UK property market, particularly in the Private Rented Sector (PRS). As the demand for rental properties continues to rise, lenders like InterBay are stepping up to provide tailored financial solutions that align with long-term rental strategies. Callaghan emphasized the value of InterBay’s approach, stating, “Their ability to structure a solution aligned with the client’s long-term rental strategy was invaluable.” This adaptability is crucial for developers looking to secure funding amid fluctuating interest rates, which currently stand at 3.75% as of April 2026.

    Why Choose InterBay?

    InterBay’s reputation as a go-to lender for experienced developers is reinforced by its collaborative and expert approach. The lender’s capacity to deliver certainty and expertise in financing complex developments makes it an attractive option for those in the residential property market. This recent deal not only highlights InterBay’s strengths but also serves as a practical example of how tailored financial solutions can facilitate growth in the PRS sector.

    For developers considering options for financing their projects, understanding the nuances of bridging finance can also be beneficial, especially in a dynamic market.

    FAQs

    • What is a remortgage? A remortgage involves switching your existing mortgage to a new deal, often to secure better rates or to release equity.
    • How does the current UK base rate affect mortgages? The UK base rate influences mortgage interest rates; a higher base rate typically leads to higher mortgage costs for borrowers.

  • UK House Prices Remain Flat in April 2026: What it Means for Mortgage Holders

    UK House Prices Remain Flat in April 2026: What it Means for Mortgage Holders

    As of May 2026, the UK housing market has seen a slight dip in property prices, with a 0.1% drop in April following a 0.5% decrease in March, according to the Halifax house price index. This leaves the average house price at £299,313, down from £299,609 the previous month. This article will explore the implications of these changes for mortgage holders and prospective buyers.

    Impact on Existing Mortgage Holders

    Remortgagers

    For those looking to remortgage, the slight drop in house prices may impact the loan-to-value (LTV) ratio. For instance, a homeowner with a £225,000 mortgage on a property previously valued at £300,000 would have had a 75% LTV. However, with the new average price of £299,313, the LTV increases to 75.2%. This slight increase could affect the remortgage rates available. With the current mortgage rates at 3.75%, monthly payments on a £225,000 repayment mortgage could rise from £1,309 to £1,314, an annual increase of £60.

    Homeowners with Tracker Mortgages

    Those with tracker mortgages will be less affected by the house price changes, as their rates follow the Bank of England base rate, currently 3.75%. However, if house prices continue to fall, it could influence the Bank’s future decisions on the base rate.

    Implications for Prospective Buyers

    First-Time Buyers

    For first-time buyers, the slight drop in house prices could make homeownership slightly more affordable. For example, a 90% LTV mortgage on a £299,313 property would require a deposit of £29,931, compared to £30,000 for a £300,000 property. With a 25-year term and a 3.75% interest rate, monthly repayments would be around £1,389, a saving of £3 per month or £36 per year compared to the previous average house price.

    Buy-to-Let Investors

    Buy-to-let investors may see a slight decrease in their potential rental yield due to the drop in house prices. For instance, a property in the North West, where the average price is now £248,945, could yield around 5% annually, down from 5.1% in March.

    Regional Variations in House Prices

    While the overall trend shows a slight drop in house prices, regional variations exist. The South East saw the largest drop in house prices, with a 2% decrease year on year, while Northern Ireland experienced the highest growth, with a 7.6% increase over the past year. This regional disparity could influence decisions on where to buy or invest in property.

    Frequently Asked Questions

    How have house prices changed over the past year?

    Over the past year, house prices have seen a slight decrease, with the annual growth rate dipping to 0.4% in April 2026 from 0.8% in March 2026.

    Which region has seen the fastest house price growth?

    Northern Ireland has seen the fastest house price growth, with a 7.6% increase over the past year.

    How does the drop in house prices affect my mortgage payments?

    The drop in house prices primarily affects those looking to remortgage, as it may increase their loan-to-value ratio and potentially their mortgage rate. For example, monthly payments on a £225,000 repayment mortgage could rise by £5.

    What does the house price drop mean for first-time buyers?

    For first-time buyers, the slight drop in house prices could make homeownership slightly more affordable. A 90% LTV mortgage on a £299,313 property would require a smaller deposit and result in slightly lower monthly repayments.

  • UK House Price Growth Rises 3% in March 2026: Impact on Mortgage Payments

    UK House Price Growth Rises 3% in March 2026: Impact on Mortgage Payments

    As of May 2026, the UK housing market has seen a 3% rise in house prices in March, according to Nationwide’s house price index. This growth, although slightly muted compared to the 0.9% rise in February, still represents an increase in values by 0.4% compared to the previous month.

    Impact on First-Time Buyers, Remortgagers, and Landlords

    First-Time Buyers

    For first-time buyers, this rise in house prices might seem daunting. Let’s consider a scenario where a first-time buyer is aiming for a property valued at £250,000. With a 90% loan-to-value (LTV) ratio, they would need to secure a mortgage of £225,000. If they were to secure a fixed rate mortgage at the current base rate of 3.75%, their monthly repayments would be around £1,043. This is an increase of approximately £21 per month compared to the scenario six months ago when the base rate was at 3.5%.

    Remortgagers

    For existing homeowners looking to remortgage, the rise in house prices could mean more equity in their homes. Consider a homeowner with a property valued at £300,000, with a remaining mortgage balance of £200,000. With the increase in house prices, their home could now be worth £309,000. If they were to remortgage at a 75% LTV, they could potentially release £31,750 in equity. However, with the current base rate of 3.75%, their monthly repayments would increase from £917 to £943, an increase of £26 per month.

    Landlords

    For landlords, the rise in house prices can affect rental yields and capital appreciation. Let’s consider a landlord with a £200,000 interest-only buy-to-let mortgage. With the current base rate of 3.75%, their monthly cost would be around £625. This is an increase of approximately £31 per month compared to the scenario a year ago when the base rate was at 3.25%.

    Market Context

    The current rise in house prices comes amidst a backdrop of rising market interest rates. The Bank of England base rate is currently at 3.75%, up from 3.5% six months ago and 3.25% a year ago. Despite this increase, the impact on affordability has been limited, as swap rates, which underpin fixed rate mortgage pricing, remain well below the highs reached in 2023 and are broadly in line with levels prevailing in late 2024. In comparison to the house price growth of 2.5% seen in March 2025, the current 3% growth indicates a more price-sensitive market where realism and accurate positioning are key.

    Frequently Asked Questions

    How does the rise in house prices affect my mortgage payments?

    For existing homeowners, a rise in house prices could mean more equity in your home, which could potentially reduce your loan-to-value ratio and lower your monthly repayments. However, for first-time buyers, a rise in house prices could mean higher mortgage payments.

    What is the current base rate?

    The current base rate, as of April 2026, is 3.75%. This is the rate set by the Bank of England and it influences the interest rates offered by banks and building societies.

    What are swap rates?

    Swap rates are the rates at which banks lend to each other. They underpin fixed rate mortgage pricing and can influence the interest rates offered to consumers.

    How does the rise in house prices affect my remortgage?

    If you’re looking to remortgage, a rise in house prices could mean more equity in your home. This could potentially allow you to secure a lower loan-to-value ratio, which could result in lower monthly repayments.

  • Airbnb and Your Remortgage: What You Need to Know in 2026

    Airbnb and Your Remortgage: What You Need to Know in 2026

    As of May 2026, homeowners considering remortgaging need to be aware of the potential impact of listing their property on Airbnb. Darren Polson, head of mortgage operations at Aberdein Considine, advises that some lenders may not support Airbnb due to the short-term reliability of rent, increased wear and tear, and the need for specialist insurance.

    Impact on Remortgage Scenarios

    Scenario 1: First-time Remortgager at 90% LTV

    Consider a first-time remortgager with a £200,000 repayment mortgage at a 90% loan-to-value (LTV) ratio. If their lender does not support Airbnb, they may need to switch to a lender who does, potentially affecting their monthly payments. For instance, if their current interest rate is 3.75% (the Bank of England base rate as of April 2026), their monthly payments would be £1,038. If they switch to a lender that supports Airbnb but offers a slightly higher rate of 4%, their monthly payments would increase to £1,074, an increase of £36 per month or £432 per year.

    Scenario 2: Experienced Remortgager at 75% LTV

    An experienced remortgager with a £250,000 repayment mortgage at a 75% LTV ratio who regularly lets their property on Airbnb may need to obtain their current lender’s permission with a consent-to-let. If they fail to do this, they could risk breaching their mortgage terms. For example, if their current interest rate is 3.75%, their monthly payments would be £1,297. If they breach their terms and their lender increases their rate to 4.25%, their monthly payments would rise to £1,359, a hike of £62 per month or £744 per year.

    Scenario 3: Landlord with an Interest-Only Mortgage

    A landlord with a £300,000 interest-only mortgage who uses Airbnb for short-term letting must also be aware of potential implications. If their current interest rate is 3.75%, their monthly payments would be £937.5. If they fail to secure a consent-to-let from their lender and their rate increases to 4.5%, their monthly payments would rise to £1,125, an increase of £187.5 per month or £2,250 per year.

    Market Context

    Compared to 12 months ago, the UK base rate has increased from 3.5% to 3.75%. This upward trend in interest rates could mean higher mortgage payments for those needing to switch lenders to accommodate Airbnb letting. However, some lenders do allow up to 90 days per year of short-term letting on a residential mortgage, which could be a viable option for homeowners. This is a significant shift from a year ago when fewer lenders were Airbnb-friendly, reflecting the growing popularity of short-term letting.

    Frequently Asked Questions

    Can I let my property on Airbnb if I have a mortgage?

    Yes, but you need to get permission from your lender. Some lenders allow up to 90 days per year of short-term letting on a residential mortgage.

    Will letting my property on Airbnb affect my remortgage?

    It could, especially if your lender does not support Airbnb. You may need to switch to a lender who does, which could affect your interest rate and monthly payments.

    What happens if I let my property on Airbnb without my lender’s permission?

    You could risk breaching your mortgage terms, which could lead to penalties such as an increased interest rate.

    What should I do if I want to let my property on Airbnb?

    Contact your lender to ask if they allow short-term letting, get permission in writing, and ensure you have suitable insurance. Use a mortgage calculator to understand the potential impact on your payments.

  • Cloud Mortgages Switches to Stonebridge Network: What it Means for Borrowers in 2026

    Cloud Mortgages Switches to Stonebridge Network: What it Means for Borrowers in 2026

    As of 5th May 2026, Cloud Mortgages has transitioned its network from Primis to Stonebridge. This move comes as the firm expands its team from two advisers in 2025 to six, with plans to reach ten by the end of the year. Here’s what this means for different types of borrowers.

    Impact on First-Time Buyers

    Scenario: £250,000 Repayment Mortgage at 90% LTV

    For first-time buyers, assuming a £250,000 repayment mortgage at 90% LTV, the switch to Stonebridge could potentially offer more competitive rates. With the current base rate at 3.75% as of April 2026, a 0.25% reduction could decrease monthly payments from £1,194 to £1,163, a saving of £31 per month or £372 per year. This is a significant saving for those entering the property market for the first time.

    Effect on Remortgagers

    Scenario: £200,000 Repayment Mortgage at 75% LTV

    Remortgagers could also stand to benefit. For instance, a homeowner with a £200,000 repayment mortgage at 75% LTV could see their monthly payments drop from £1,020 to £997 with a 0.25% rate cut. This translates to a monthly saving of £23, or £276 annually. This saving could be used to pay off the mortgage faster or for other financial goals.

    Scenario: £300,000 Interest-Only Mortgage at 60% LTV

    For landlords with a £300,000 interest-only mortgage at 60% LTV, a 0.25% rate cut could reduce monthly payments from £750 to £725, a saving of £25 per month or £300 per year. This could improve rental yields and overall profitability for landlords.

    Market Context

    Compared to a year ago, the base rate has increased by 0.5%, from 3.25% in May 2025. This is a significant increase, and it has led to higher mortgage rates for many borrowers. The move by Cloud Mortgages to Stonebridge, a network known for its high level of service without high monthly fees, could be seen as a strategic response to these market conditions. Stonebridge’s CEO, Rob Clifford, has welcomed Cloud Mortgages, noting that the firm’s growth and strong customer service reputation make it a valuable addition to the network.

    Frequently Asked Questions

    What is the current UK base rate?

    The current UK base rate, as set by the Bank of England, is 3.75% as of April 2026.

    How does the base rate affect my mortgage?

    The base rate influences the interest rates offered by lenders. A higher base rate often leads to higher mortgage rates, increasing the cost of borrowing. Conversely, a lower base rate can lead to lower mortgage rates, reducing borrowing costs.

    How has Cloud Mortgages grown recently?

    Cloud Mortgages has expanded from two advisers at the start of 2025 to six as of May 2026, with plans to reach a team of ten by the end of the year.

    What areas does Cloud Mortgages operate in?

    Cloud Mortgages operates across the Midlands, North West and Scotland, with a central team based in Nottingham.