After a turbulent night in the commons which saw MPs reject Theresa May's Brexit deal by the biggest margin of the modern parliamentary era industry experts have been quick to react.
Hitachi Capital Business Finance has made a change to the way customers can repay a loan by offering the option to fund VAT across the term of an agreement. An industry first, the scheme means customers are no longer required to pay for VAT upfront as a deposit, as is currently standard across the sector, […]
Sanders is the former CEO of bridging and development lender Omni Capital/Fortwell Capital and Tuscan Capital is headquartered in Mayfair, London W1 and offers a product palette comprising conventional and “outside the box” short-term funding solutions.
Octane Capital, the third generation bridging lender, has hired Nicky Pack as credit manager. Pack previously worked at Alternative Bridging Corporation as a senior underwriter and, prior to that, at Omni Capital. She will report into Matt Smith, director of credit. Smith said: “Nicky has a huge amount of experience in the short-term lending market […]
The second charge market continued to grow in June with new increasing by a whopping 33% by value, according to the latest Finance & Leasing Association (FLA) figures. This is the fourth month that the seconds market has reported growth with volumes for June up an equally strong 22%. Fiona Hoyle, head of consumer and […]
Fleet Mortgages, the buy-to-let and specialist lender, lent over half a billion pounds and turned over a £2m profit in 2016. In only its second full year of lending, Fleet Mortgages – which offers buy-to-let products for individuals, limited companies and those investing in HMOs – said the immediate fall-out from last June’s referendum vote […]
The Home Builders Federation has backed the LendInvest Property Development Academy as it kicks off its second course. The Academy course is a two-day intensive programme that takes 20-25 ‘students’ through seven hands-on, practical modules covering the full development project: from land valuation and acquisition, through to planning permission, supplier contracts, cost management and final […]
The Southern Rail strikes appear to have affected rental growth across the South East. Landbay’s Rental Index shows that South East rents grew by 0.21% from January to June but slowed to 0.13% from July to December. Rents in Surrey were most affected, growing by 0.12% in H1 before falling by -0.02% in H2. John […]
InterBay Commercial, part of specialist lending group OneSavings Bank, has introduced title insurance for its developer exit product for loans up to £2m. This recent change brings the developer exit product in line with its commercial and buy-to-let re-mortgage and purchase transactions. Darrell Walker, head of sales, second charge and commercial, said: “Efficiency and speed of […]
Buy-to-let and specialist lender Fleet Mortgages made a number of further criteria changes following the launch of its new product range with enhanced criteria earlier this month. Changes made in the areas of minimum valuations, landlord experience and shared accommodation. The main changes area reduction in the minimum valuation on converted freehold properties outside London […]