Accord Mortgages has cut low loan-to-value buy-to-let rates by up to 0.20% and stopped charging a £130 processing fee on application. Accord now offers a 2-year fix at 1.59% to 60% LTV with a £1,995 product fee for both remortgaging landlords and those looking to expand their portfolios. Chris Maggs, Yorkshire Building Society’s buy-to-let commercial […]
The Mayor of London has announced new planning rules to speed up the building of more affordable housing in the city which has a shortage of homes at the lower end of the market. Sadiq Khan also announced plans for how the record breaking investment funding of £3.15bn announced in last week’s autumn statement will […]
A government initiative to remove protections on one part of the UK’s green belt in return for creating a new area of protected land elsewhere is expected to be given the go ahead next month. The move is expected to be publicly backed by ministers in a White Paper in December and is seen as […]
Omni Capital Retail Finance is set to be acquired by Castle Trust, subject to regulatory approval. The deal will see Castle Trust acquire 100% of the Watford-based online retail point-of-sale finance business from current owners CPC. Omni Capital Retail Finance, formerly Logical Finance, was bought by CPC back in July 2013. Castle Trust confirmed it will […]
Finance 4 Business has been voted ‘Broker of the Month’ by Together. In what has been a very busy month, the award comes on the back of a recent article where, Finance 4 Business and Together complete six deals in two days. There are other awards being celebrated at F4B, with one of their sales executives, […]
Hampshire Trust Bank has appointed of two underwriters to its asset finance team. Alan Lowman and Nina Osborn have joined the specialist bank as senior underwriter and underwriter respectively. Both will be focused on further improving broker service. Chris Welch, managing director of Asset Finance at Hampshire Trust Bank, said: “The success of the Asset […]
More than one in five landlords have to wait longer than four months before signing up their first tenants, research from the Nottingham Building Society has revealed. Its study among landlords across the country shows 21% said they had to wait four months or more after completing their buy-to-let mortgage before they had their first […]
LendInvest has reduced the minimum loan size across its bridging finance range. LendInvest will now accept applications for loans of £75,000 or higher – down from £100,000. Matthew Tooth, Chief Commercial Officer at LendInvest, said: “By reducing our loan size, we will automatically open up the LendInvest proposition to more prospective borrowers working and investing […]
Some 40% of residential landlords plan to increase rents if they are left to pick up the cost of the ban on letting agents charging fees in England, a new poll from Upad has found. Only a third of the respondents questioned said that they would definitely not raise their rents, meaning that potentially two […]
Masthaven Bank opened for business today offering savings products as well as bridging and development finance. Masthaven Bank is majority owned by its chief executive Andrew Bloom, though 80% of its employees hold shares. Jon Hall, managing director of Masthaven, said: “Today marks the beginning of an exciting new chapter in our journey, and I […]