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, […]
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 […]
Kent Reliance is launching its ‘Choices’ product transfer scheme that pays a procuration fee for brokers on retention business – the first of its type to be provided by a specialist mortgage lender. The scheme covers all products in Kent Reliance’s range and will not usually require a revaluation of the property or the need for a […]
Paragon Mortgages has updated its buy-to-let product range for professional landlords and added six new products. There are new 2-year fixed rate products starting at 3.40% with a 1.50% product fee at 65% LTV for single self-contained units, a 2-year fix at 3.75% with a 1.50% product fee at 65% LTV for HMOs and multi-unit blocks. Additionally […]
Second charge specialist V Loans has expanded its bridging team with the appointments of Jorge Gómez Fernández as a business development manager and Farah Akhtar as a case manager. Fernández was previously a mortgage underwriting manager at Haya Real Estate leading a team of 11 people and also worked at Bankia and Caja Madrid. Akthar is […]
EasySource, the sourcing system from Brightstar, has gone live. The system, which has been two years in the making, has been developed with the aim to “revolutionise the way that brokers search for loans and mortgages”. EasySource makes it possible to search across different product types for the very first time. EasySource’s technology will make it easier for […]
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 […]
Henry Howard Finance has secured a £51m facility from the British Business Bank’s Enable Funding programme. The facility, which is 50% guaranteed by the European Investment Fund, will allow Henry Howard to extend its asset finance funding to a larger portfolio of smaller UK businesses. The funding will be used to increase Henry Howard Finance’s provision of asset finance for […]
Rental supply will “nosedive” in the next six months, the Association of Residential Letting Agents’ managing director David Cox has predicted. ARLA research showed that rental properties managed per branch increased by 8% in April from the month before but stood 5% lower than April 2015 year-on-year. Cox said: “It’s likely that this increase in […]
Fleet Mortgages has launched a guide on houses in multiple occupation (HMOs) for advisers and their clients. The guide defines what a HMO is, where a licence is required, the advantages of investing in such properties and how standard buy-to-lets can be converted into a HMO. It also specifies how Fleet underwrites HMO cases. Bob […]