News

Lowrey to head up UK risk at Bibby

Wed 1 Jun 2016

Bibby Financial Services has promoted Ray Lowrey (pictured) to the role of UK risk director. First joining Bibby 15 years ago, Lowrey has held a variety of roles with the financier, including operations manager, head of operations, business director and – most recently – deputy risk director. A graduate member of the Chartered Institute of Credit Management, […]


Platform reduces rates

Wed 1 Jun 2016

Platform has cut buy-to-let mortgage rates at 70% loan-to-value and 75% LTV by up to 0.15%. Highlights include 5-year fixes at 3.89% to 70% LTV and 3.99% to 75% LTV, both with no fee. The lender’s 2-year tracker buy-to-lets have been cut to 2.24% to 70% LTV and 2.34% to 75% LTV, both with a […]


Aldermore provides £2.5m of invoice finance to Central Facilities Group

Wed 1 Jun 2016

Aldermore has provided a £2.5m invoice finance facility to Central Facilities Group. The West Company based firm provides cleaning and facility management for hotel groups including Hilton. The finance will enable to increase its portfolio of retail and commercial clients. Kevin Robinson, managing director at Central Facilities Group, said: “All businesses have to consider cash flow, and this funding […]


Investors turn to commercial and HMOs for yields

Wed 1 Jun 2016

Investors are increasingly looking at HMOs in addition to commercial and semi-commercial properties to expand their portfolios, research from Mortgages for Business has shown. Three in 10 (28%) investors are considering purchasing HMOs in the next six months, up from just 10% six months ago. Despite the cooling effect of the 3% stamp duty surcharge […]


Optimum Credit signs up with LoansBrain

Wed 1 Jun 2016

Second charge mortgage provider Optimum Credit has partnered with LoansBrain, Mortgage Brain’s online second charge sourcing system. LoansBrain will be the first ever sourcing system to distribute Optimum Credit’s products. Simon Mules, commercial director at Optimum Credit, said: “Mortgage Brain’s sourcing systems are the most accurate and preferred in the industry so it made perfect […]


BFS extends Tranmere Rovers sponsorship

Wed 1 Jun 2016

Bridging Finance Solutions has is set to sponsor Tranmere Rovers FC for a second year running. The Wirral-based short-term lender has adapted its sponsorship package with an increased advertising presence at the ground. A new concept centre circle advert will be on the pitch prior to all TRFC games for the next two seasons. A second […]


As Brexit cools the art market, lending is on the rise

Wed 1 Jun 2016

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, […]


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 […]


Kent Reliance to offer proc fees on retention business

Wed 1 Jun 2016

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 refreshes professional landlord range

Wed 1 Jun 2016

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 […]