There were 1,200 buy-to-let mortgages in significant arrears of more than 10% of the balance, a 12% increase on the first quarter of 2018.
The products are available to expats with a minimum income of £40,000 for employed and £60,000 for self-employed. Products are on a capital and interest, part and part or interest-only basis.
Other areas to see rises are Yorkshire and Humberside (1.34%), the South West (1.24%) and West Midlands (1.24%).
Covering the whole of the UK, Cowe (pictured) will oversee MAF’s vendor strategy and Supplier Partnership Programme that allows suppliers to provide finance to their customers.
In its Business Plan for 2019/2020, the FCA said it will identify lenders with these business models before looking into how customers are affected. It will then decide if and how it should take action.
Hampshire Trust provides a range of specialist buy-to-let products, including products for portfolio landlords, student accommodation, landlords with DSS tenants, Houses of Multiple Occupation (HMOs), holiday lets and expats. It also provides bridging and semi-commercial products.
The buy-to-let lender has secured a long-term funding deal which should see Fleet complete over £1bn in new lending.
Client applications started with Borro have been halted.
The tool should include information on fees, the number of lenders intermediaries place business with, their areas of expertise, as well as adviser certifications and qualifications.
Around 30% of consumers miss out on cheaper mortgages that are just as suitable, costing them an estimated £550 a year.