One in 10 landlords intend to purchase buy-to-let properties, up from 3% at the end of 2019, according to research from Simply Business.
The product offers £250 cashback on a medium term buy-to-let deal with up to 70% loan-to-value (LTV).
This includes the lender’s Bridge to Let proposition, where a term plan is used for the exit route.
Allica Bank has completed a £1.9m remortgage for Glazing Vision, a manufacturer of bespoke glass rooflights. The deal was completed in six weeks, from initial enquiry through to drawdown, and has allowed the Norfolk-based company to finance its further international expansion. Glazing Vision employs more than 100 people and has been in business for […]
Pepper Money has reduced its BTL rates by up to 31bps and introduced fee options that enable customers to lower their upfront costs.
The company also surpassed its lending targets by over 25% consistently in August, September and October.
Automated lettings platform PlanetRent has partnered with legal firm LegalforLandlords, to support landlords with their legal requirements.
The partnership will enable landlord users to list their properties to let via the Lendlord app, using the Accommodation.co.uk platform.
The Alternative Overdraft is part of the lender’s bridging and development finance proposition, providing a flexible loan facility which delivers funds on 24 hours’ notice.
The FCA is proposing to extend the availability of payment deferrals to support borrowers who are experiencing payment difficulties because of coronavirus.