BoE poised to cut interest rate to almost zero

Tue 12 Jul 2016

The Bank of England could be set to cut the base rate to almost zero as it looks to reinforce the British economy. It is widely expected that the BoE will cut the interest rate on Thursday when the Monetary Policy Committee meets. An anticipated cut of 0.25% is the most likely outcome as the central bank […]

Valuation activity stable despite decision to leave EU

Tue 12 Jul 2016

Despite the shock decision of the UK public to leave the European Union valuation levels remain “surprisingly stable”, according to Connells Survey and Valuation. Connells saw a 4% year-on-year increase in the number of valuations it carried out with it’s research also including the immediate period following the decision to leave. John Bagshaw, corporate services […]

new appointment

Fluent Money appoints group compliance director

Tue 12 Jul 2016

Fluent Money has appointed a group compliance director in Stuart Almond. Almond has joined from HLPartnership where he was compliance director for over three years. He will replace the departing Nuala Wheeldon, wife of Fluent’s managing director Tim, who will focus on a new project. Kevin Hindley, chief executive of Fluent Money, said: “We are […]

Julian Harris launches specialist packaging service

Tue 12 Jul 2016

Julian Harris  has launched its own specialist first and second charge packaging service. The service will be headed up by ex-Pink Homeloans business development manager Derrick Hyman and will be available to the whole adviser community, not just members of the Julian Harris mortgage adviser and independent financial adviser networks. Julian Harris, chief executive, said: […]

brexit negotiations

Bridging lender confidence nosedives following Brexit vote

Tue 12 Jul 2016

When lenders were asked how they felt about the UK economy 24% said they were more positive about the long-term future since the Brexit vote – the downside was that 60% felt less positive. This compares to 38% feeling positive about the long-term future of the UK economy directly after the budget back in April, when […]

What is happening in UK Commercial Property?

Mon 11 Jul 2016

Charu Lahiri, investment manager at Heartwood Investment Management, looks at what is happening in UK commercial property sector. UK commercial property companies have been hit by renewed selling pressure this week on concerns around Brexit and its impact on underlying investment activity. Investor sentiment deteriorated in response to the UK construction outlook survey results in […]

First 4 Bridging hires head of sales and marketing

Mon 11 Jul 2016

First 4 Bridging has appointed Michelle Douglas as head of sales and marketing. Douglas will be in charge of structuring the sales team and recruitment and she will report to First 4 Bridging director, Donna Wells. She joins from Metro Bank where she was a mortgage consultant. Previously she was a business development manager, residential […]

Borro becomes full ASTL member

Thu 7 Jul 2016

Personal asset lender Borro has upgraded its associate membership to become a full member of the Association of Short Term Lenders. Borro first joined the ASTL as an associate member in 2012 and, due to its recent entry into the short-term residential property loan market, has upgraded to become a full member. As part of […]

West One: Successful H1 for bridging sector

Wed 6 Jul 2016

Gross annual bridging lending hit £3.6bn in February, increasing from £3.5bn at the end of 2015, according to the latest West One Bridging Index. This represents a modest 3% lift in gross annual lending since December, showing that growth has stabilised somewhat from the previous year. The growth in short-term finance has been driven by a […]

Liz Payne joins TFC

Wed 6 Jul 2016

Specialist distributor TFC Homeloans has recruited Liz Payne as HR business partner. Payne will develop and deliver strategies, processes and practices to support the learning and development of the team at TFC. She will also spearhead the distributor’s recruitment plans, holding assessment centres and setting up induction programmes for new recruits. Nigel Payne, managing director of […]