Specialist buy-to-let lender Fleet Mortgages has extend its offer and valuation times for new-build purchases across both its standard and limited company range. It will be making mortgage offers for new-build properties valid for six months, while its valuations will now be valid for seven months. Steve Cox, distribution director of Fleet Mortgages, said: “We’re acutely […]
Looking at 12 cities in England Bunk found that the biggest boost has been seen in Manchester
Following a glittering event in London the winners have been announced for the Specialist Finance Awards 2019. The awards, which took place on Friday 28 June and were hosted by comedian Geoff Norcott, saw the industries brightest and best gather to celebrate all that is good in the specialist finance sector with 28 awards up […]
Wales is the most affordable region at just 30% of income whilst London is, of course, the most unaffordable with 65% of the average salary spent on renting.
Both products are available to 70% loan-to-value (LTV) with a maximum loan size of £500k. Rental coverage on the products is offered at a ratio of 145% at 5.5% or 2% above the pay rate.
CBRE has joined the Association of Short Term Lenders (ASTL) as an associate member. CBRE is one of the world’s largest commercial property services and investment firms. It is known for offering a broad range of integrated services, including facilities; transaction and project management; property management, appraisal and valuation; property leasing and sales and mortgage and […]
Keystone Property Finance has made a number of rate reductions to its standard and specialist range. Keystone are now offering a 3-year fixed rate from 3.14% and 5-year fixed rates from 3.24%. Its 2-year fixed rates will not be changing and start at 2.99%. David Whittaker (pictured), CEO of Keystone, said: “I am confident these […]
Clever Lending has launched a new online portal as it looks to speed up its customer processes. The portal allows registered brokers to submit their specialist lending enquiries at any time from any device. Sam Kirtikar, CEO of Clever Lending, said: “Clever+ will not only support brokers and make their lives simpler when it comes […]
Peer-to-peer platform Lendy has entered administration with the regulator set to further investigate the failings of the lender. The beleaguered peer-to-peer company had been teetering for some time and rumours were circulating that the firm would be entering administration next week. However it did not take that long. Damian Webb, Phillip Sykes and Mark Wilson, […]
Cynergy Bank has launched into the bridging finance space offering a range of unregulated bridging loans of up to £10m. The Bank, which was previously known as Bank of Cyprus UK, will be offering loans up to 70% loan-to-value for terms of up to 11 months. Mark Dearman, head of commercial banking and bridging finance […]