• Login
SUBSCRIBE TO OUR NEWS EMAILS
Wednesday, 27 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

Covid-19: Twenty7Tec to publish daily market analysis

by Kevin Rose
20 March 2020
Share on FacebookShare on TwitterShare on LinkedIn

Twenty7Tec is to provide free daily market analysis reports to key intermediary and lender partners, as well as the rest of the market, during the Covid-19 crisis.

These reports will focus on demand levels in the mortgage market by analysing three key metrics:

  • Volume of intermediary searches across all users
  • Volume of ESIS documents produced by all intermediary users
  • Value of loans requested in total via the production of ESIS documents by all intermediary users.

Key intermediary partners of Twenty7Tec will receive this data relating specifically to the performance of their own firm, as well as being able to access the market wide data.

The data provided by INSIGHT will show the performance of the market over the last week, up to and including the previous day’s activity. This will enable intermediary and lender firms to quickly identify key movements in activity that can be used to accurately forecast consumer demand, intermediary workloads, pipeline business and ultimately revenue, Twenty7Tec claimed.

James Tucker, CEO of Twenty7Tec, said: “It has never been more critical to use data to predict trends in demand that will support the timely and proactive behaviours needed to ensure our industry is able to weather this crisis. It is our hope that by providing this data to our key intermediary and lender partners we can support them in reacting in the right way to this constantly evolving situation.

“So far, our industry has done a great job of working with Government and pivoting so meet the needs of the new economic and social environment. We’ve seen three month holidays introduced at speed – which I believe will be looked back on as one of the best moves our industry could have made at this time. We hope that by providing this data through INSIGHT Barometer in an open and timely fashion, that lenders and brokers will be able to continue to innovate at pace and meet the needs of a changed market.

“Mortgage activity is often a helpful indicator in the UK’s broader economic performance. We can already see from our data that the volume of ESIS documents created from our system, which are a good indicator of market demand, were down around 7% in the past seven days compared to the prior seven-day period. That 7% figure includes days both before and after the three-month mortgage holiday changes, so it’s possible that we will see levels stabilise again soon. That said, these numbers had been stable for the prior three weeks.

“At the same time, search volumes – the numbers of broker searching for mortgage products for their clients using our systems – have dropped around 5% compared to the prior seven days. Additionally, total value of loans requested via ESIS document production dropped 8% over this period. It had been very stable at the prior level for the three previous weeks. Ebbs and flows of this kind of level do happen over the course of the year as house-buying cycles take place, but we’ll see whether 7/8% is indicative of something deeper over coming days.

“It has never been more critical to use data to predict trends in demand that will support the timely and proactive behaviours needed to ensure our industry is able to weather this crisis. It is our hope that by providing this data to our key intermediary and lender partners we can support them in reacting in the right way to this constantly evolving situation.”

ShareTweetShare
Previous Post

Mortgage Brain unveils Coronavirus initiatives

Next Post

Covid-19: Knowledge Bank creates free criteria change tool

Next Post

Covid-19: Knowledge Bank creates free criteria change tool

Vida Homeloans begins ‘test and learn’ pilot

Covid-19: Vida Homeloans withdraws selected products

IGF provides key funding line to tech firm

LendInvest completes second securitisation

CLICK FOR COVID-19 LATEST

CSF: telephone account managers more important than ever

CSF: telephone account managers more important than ever

26 January 2021
Fiduciam provides TVR with CBILS loan

Fiduciam provides TVR with CBILS loan

26 January 2021
Virgin Money pulls selected 85% LTV purchase deals

Accord pulls 75% and 80% deals for 10 days

25 January 2021

LIMITED COMPANY BTL REPORT

Most Popular

  • Spanish property “as cheap as it gets”

    Pepper plans fivefold servicing growth in Spain with new platform

    0 shares
    Share 0 Tweet 0
  • AMI hits out at FSCS levy hike

    0 shares
    Share 0 Tweet 0
  • Royal London unveils Helping Hand discounts

    0 shares
    Share 0 Tweet 0
  • Fiduciam provides TVR with CBILS loan

    0 shares
    Share 0 Tweet 0
  • Paymentshield promises technological ‘war chest’ investment

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

West One relaunches offering with wider distribution

West One Loans unveils new buy-to-let range

1 week ago
Keystone publishes SLA information

Dozens of lenders sign up for Mortgage Brain service report

3 weeks ago
Call for buy-to-let property register

Knowledge Bank sees shake-up in criteria searches

3 weeks ago
Hope Capital completes its first AVM deal

Countrywide to continue as Santander’s primary valuation partner

2 weeks ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.