Second Charge

FCA warns on second charge affordability

29th April 2016 0

The regulator is “concerned” about the high arrears rate in the second charge mortgage market and has warned secured loan providers to scrutinise affordability strictly. Speaking at the Mortgage Business Expo in Leeds Lynda Blackwell, […]

Buy-to-let

PRA buy-to-let stress tests could spark another rush

29th April 2016 0

The Prudential Regulation Authority’s buy-to-let measures could spark another rush of landlords looking to buy before it gets involved, Fleet Mortgages chief executive Bob Young has predicted. In March the PRA proposed stress testing buy-to-let […]

Asset & Invoice Finance

SME owners scared of debt

29th April 2016 0

Three quarters of SME owners are scared of the risk of debt to a level that it prevents them from seeking external funds, research from Wesleyan Bank has revealed. The research revealed a ‘non-borrowing culture’ among small businesses which […]

Second Charge

Precise Mortgages takes second charge direct to brokers

29th April 2016 0

Specialist lender Precise Mortgages is launching a direct to broker second charge proposition. Launching on May 5 the direct submission route will sit alongside its newly streamlined master broker panel and offers a proc fee of […]

Bridging

Masthaven COO retires

29th April 2016 0

Masthaven chief operating officer Stuart Aitken will retire in May 2016 to be replaced by Al Southall. Aitken has been with Masthaven since 2012 after working for the likes of Merrill Lynch, Kensington and Southern […]

Commercial Finance

Blacks Connect appoints commercial property partner

28th April 2016 0

Blacks Connect – part of Blacks Solicitors – has appointed a commercial property partner in Ian Errington. Errington specialises in new builds, has over 25 years’ experience in the industry and spent 15 years at […]

Uncategorised

Hampshire Trust Bank launches into commercial

28th April 2016 0

Hampshire Trust Bank is launching into the commercial market with a suite of four products with loan amounts from £100,000 to in excess of £5m. The products, available through Hampshire Trust Bank’s group of master brokers, include bridging […]

Second Charge

Simon Stern joins Equifinance

28th April 2016 0

Specialist second charge mortgage lender Equifinance has appointed Simon Stern as a strategic consultant to develop the company’s distribution, new products and broker offerings. Stern, former founder and director of Prestige Finance, is a  well-known […]

Bridging

LendInvest secures £40m funding line from Macquarie

28th April 2016 0

LendInvest has agreed a warehouse financing facility with global financial services provider Macquarie for an initial amount of £40m. The facility will allow LendInvest to continue its growth and consolidate its leading position in the […]

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