North-South repossession gap narrows

Mon 6 Jun 2016

The North-South repossession gap closed by almost half in the last year, research from chartered surveyor e.surv has found. In 2015 repossessions fell to 2.1 per 1,000 households in the North and 1.4 in 1,000 in the South, down from 4.1 and 2.8 the year before. Repossessions fell by 51% year-on-year to total 19,672 in […]

Vantage Finance appoints chairman

Thu 2 Jun 2016

Vantage Finance has appointed former Aviva UK and Ireland life insurance chief executive David Barral as chairman. Barral will be charged with growing the master broker’s business after it received investment from private equity firm Chiltern Capital in May. Vantage said that he will be tasked with identifying opportunities to enter “new adjacent markets” when the time […]

Platform reduces rates

Wed 1 Jun 2016

Platform has cut buy-to-let mortgage rates at 70% loan-to-value and 75% LTV by up to 0.15%. Highlights include 5-year fixes at 3.89% to 70% LTV and 3.99% to 75% LTV, both with no fee. The lender’s 2-year tracker buy-to-lets have been cut to 2.24% to 70% LTV and 2.34% to 75% LTV, both with a […]

As Brexit cools the art market, lending is on the rise

Wed 1 Jun 2016

Borro is seeing the same uncertainty that has affected the housing market in last couple of months reflected in a cooling art market. With the market already contracting 7% in value of goods sold in 2015 compared with 2014, most experts were already predicting a calm 2016. This has been especially true in the UK, […]

TFC Homeloans launches QuickSearch

Tue 31 May 2016

Distributor TFC Homeloans has launched a specialist sourcing tool called QuickSearch powered by APAC Systems. Using the tool – which has been tested for a year – brokers can answer 20 questions about their client’s details and needs before comparing all specialist product types in one place including mortgages, second charge loans, bridging finance, commercial […]

One bed flats to offer best gains

Mon 23 May 2016

Landlords expect one bedroom flats to see greatest capital gains in the next 12 months, Amicus research has indicated. A quarter (25%) of UK landlords said one bedroom flats will offer the most attractive capital gains over the next year, closely followed by student accommodation in university towns and cities (24%). John Jenkins, chief executive […]

Newcastle becomes latest lender to up income ratio to 145%

Mon 23 May 2016

Newcastle Intermediaries has followed TMW and Foundation Home Loans in raising its buy-to-let income ratio from 125% to 145%. The society has also reduced the number of buy-to-let properties it will lend on from five to three. The change won’t affect applications submitted before 31 May. Steve Carruthers, Newcastle’s head of mortgage distribution, said: “As a […]

BTL remortgage

Openwork adds Fleet to panel

Mon 23 May 2016

Openwork has added Fleet Mortgages to its lender panel. The network’s advisers will gain access to Fleet’s range of buy-to-let mortgages for residential landlords, limited companies and HMOs. Paul Shearman, mortgage proposition director at Openwork, said: “The addition of Fleet Mortgages will give our advisers access to a lender with strong knowledge of the specialist […]

Complete FS to hold football match

Mon 23 May 2016

Complete FS, the South Coast based specialist packager, is offering its introducers the opportunity to play football at Premier League Southampton FC’s St. Mary’s stadium, as a Complete FS 11 takes on a Shawbrook Bank 11 on Thursday 26 May starting at 7pm. According to Complete FS’ director, Phil Jay, this is a great opportunity to […]

Roma Finance finances £3.2m conversion

Mon 16 May 2016

Specialist bridging finance lender Roma Finance has financed the £3.2m conversion of a family run nursing home into two luxury detached houses. The applicant was a successful businessman having run the nursing home at the premises for more than 20 years. With increasing regulation in the nursing home sector, the borrower’s business plan was to […]