Steve Harness is commercial director at The Loans Engine Look at any Mortgage Credit Directive (MCD) flowchart for mortgage advisers – take the Paradigm Mortgage Services one available on its website (www.paradigmmortgages.com) as a good example – and when it comes to second charge mortgages you will be faced with this first question: Are you […]
When brokers think about bridging finance, more often than not property-related transactions tend to spring to mind, e.g. people using a bridge to buy at auction because they haven’t got the funding in place, or someone using it to buy their dream home because they haven’t sold their existing property yet. This is understandable, as […]
In some ways I was glad to read comments made by former City regulator Adair Turner about what he sees as the danger posed by peer-to-peer lending. I’ll explain why in a moment. But first, those comments: in an interview with BBC Radio 4’s Today programme, Lord Turner counselled caution on the industry. “The losses […]
I have never known a time in the market where people have felt so much uncertainty. Nothing has actually occurred as yet, but consumer confidence is being affected and people are feeling jittery. It is not at all surprising of course, what with changes to buy-to-let, MCD and, most pervasive, the threat of Brexit. The […]
Unless you are new to lending, you will be incredibly well versed (we hope) in the upcoming regulatory changes that will see second charge mortgages come under the same FCA regulation as first charge mortgages. The implementation of the Mortgage Credit Directive in March will raise the awareness of seconds, which were traditionally overlooked, as […]
Landlords might be forgiven for breathing a sigh of relief following a landmark decision in the Inner House of the Court of Session at the end of the year which has major implications for the interpretation of commercial leases. In essence, the judgement in @sipp Pension Trustees v Insight Travel Services Ltd reversed what had […]