Contemporary works from Banksy, Andy Warhol, Pablo Picasso and Tracey Emin, along with the occasional old master painting, have been used as security for loans which usually start at upwards of £100,000.
Speaking at the Mortgage Business Expo in London today FIBA executive chairman Adam Tyler (pictured) dismissed concerns that regulation could be bearing down on the commercial finance sector.
Vida has made a number of changes to its limited edition buy-to-let products including reducing the rates of three of the current products by up to 0.25%.
Tenn Capital offers short-term loans secured against UK and selected international residential real estate focusing on high-value loans and complicated lending scenarios.
The changes see 2-year fixed rates start at 3.84% up to 65% loan-to-value (LTV), 3.99% at up to 70% LTV and 4.09% up to 75% LTV.
BC Invest’s decision to enter the UK comes on the back of the firm’s growth in the APAC region where it has originated over £1.27bn (A$2.4bn) worth of loans.
Richard Rowntree (pictured), managing director for mortgages at Paragon Bank, said: “We’re offering two products that are fairly unique in that the extremely competitive rates are available not only on single self-contained units but also HMOs and multi-unit blocks."
Castle Trust Bank has reduced its rates and simplified its range of houses in multiple occupation (HMO) and holiday let mortgages as part of an overhaul of its specialist buy-to-let range.
Castle Trust Bank has appointed a pair of new business development managers.
CHL Mortgages has expanded its distribution panel with the addition of mortgage, protection and investment network In Partnership.