Editor’s Pick

CGT is top landlord concern

Mon 13 Jun 2016

Capital Gain Tax exemption for residential properties is the biggest concern for professional landlords at the moment, according to research from Amicus Property Finance. Nearly two-thirds (63%) of landlords cited the Chancellor’s decision to maintain existing CGT rates on residential property sales as their main worry and Amicus CEO John Jenkins believes that rising interest […]

Invoice finance platform moves to protect investors

Tue 7 Jun 2016

Online business finance marketplace Platform Black is now underwriting the first 10% of every invoice auction that takes place on its site and as such it will cover the first 10% of any losses faced by an investor. In addition to this, the business has also announced that it will also contribute a 1% financial interest in […]

Landlords returning to market following ‘stamp duty malaise’

Wed 1 Jun 2016

A “stamp duty imspired malaise” is finally easing with landlords looking to buy more property, according to research from BDRC Continental on behalf of Paragon Mortgages. BDRC surveyed more than 1,000 private rented sector landlords and found that while confidence remains low among landlords as a result of recent government interventions in the buy-to-let market buyers are returning […]

NACFB issues flatpack lender warning

Wed 25 May 2016

The National Association of Commercial Finance Brokers has warned SME’s about the increasing number of opportunistic lenders and ‘flatpack’ finance providers coming to market. Over the past two years, the NACFB has turned down 40 lenders for membership – 60% of which were rejected due to the lack of experience of their principals, specifically related to management and underwriting. […]

new appointment

Amit Majithia joins Avamore as principal

Mon 23 May 2016

Former City lawyer and European property developer Amit Majithia has joined the short-term property finance specialist Avamore Capital as principal. Majithia will bring more than 15 years of legal, property development and investment experience to the team and will join the firm with effect from 23 May 2016. “We are extremely pleased to have found […]

brexit negotiations

Brokers are in favour of a brexit – but only just

Mon 23 May 2016

A ‘Brexit’ poll of over 150 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages has revealed that if broker views are anything to go by, the outcome of the European Union referendum rests on a knife edge. The new poll, carried out in April by specialist lender United Trust […]

SPECIAL FEATURE: The future of buy-to-let

Mon 16 May 2016

David Catt, chief operating officer of Hometrack, assesses the prospects for buy-to-let as new rules continue to come into force Last month saw the introduction of the 3% stamp duty land tax surcharge. The government announcement has led to huge amounts of speculation and reams of column inches in the past few months discussing the […]

Second charge packagers facing death knell

Thu 12 May 2016

Master brokers and packagers that have relied on fees of up to 10% on second charge loans face annihilation or a complete business remodel. Chris Fairfax, managing director of Positive Lending, has claimed that the dawn of direct to broker second charges means master brokers and packages will have to “completely rethink” their business models. […]

Londoners need to vote with caution

Tue 3 May 2016

As we come to the end of Boris’ tenure as Mayor of London, the capital is in very different shape to where we were when he stepped in in 2008. Large infrastructure schemes such as Crossrail are well underway, the Olympics have come and gone and the term ‘Boris Bike’ is now a quintessential feature […]

NACFB gives expansion update

Wed 27 Apr 2016

The National Association of Consumer Finance Brokers has updated brokers on its expansion plans this year. The association is looking to take on additional manpower, having already advertised for personal assistant and office manager roles, while it is looking to move offices from Hamilton House to accommodate more people. The NACFB, which is supported by […]