News

Accord unveils 1.87% 2-year fix

Mon 9 May 2016

Accord is offering a 65% loan-to-value 2-year fix at 1.87% with no fee for remortgagors. The product comes with a free standard valuation and either £250 cashback on completion or free legal fees. Also available is a 65% LTV 2-year fix at 1.94% for house purchase with no product fee, £250 cashback on completion and […]


Aldermore unveils 3.93% buy-to-lets

Mon 9 May 2016

Aldermore has launched ‘limited edition’ buy-to-let fixes at 3.93% for 2, 3 or 5-years to 80% loan-to-value. The rate is available for purchase and remortgage for individuals and limited companies while it comes with a completion fee of 1.50% and a booking fee of £199. Borrowers can take out a loan between £250,000 and £1m. […]


Shawbrook hires lending manager

Mon 9 May 2016

Shawbrook Bank has hired a lending manager in Mark Palmer and made several other appointments. Palmer worked as a mortgage adviser and then supervisor at Yorkshire Building Society and is responsible for overseeing cases with repeat Shawbrook clients. Also joining is Mark Valmont as a quality control officer and Amanda Howe and Ella-Louise Smith as […]


EU president blasts “part-time Europeans”

Mon 9 May 2016

Just short of two months before the UK’s EU referendum the European Commission’s president Jean-Claude Juncker has blasted what he calls “part-time Europeans”. In a Rome debate with other European heads he claimed leaders are putting too much stock in national opinion rather than working together to develop a “common European sense”. Juncker said: “We have full-time […]


UTB reports record breaking month for asset finance

Fri 6 May 2016

United Trust Bank’s Asset Finance team has posted a record breaking first quarter of 2016 with lending volumes increased by 80% on the same period last year Martin Nixon (pictured), head of asset finance at United Trust Bank, said: “The first three months of 2016 have been the Asset Finance team’s busiest first quarter since I […]


Developers urged to think twice on larger units

Fri 6 May 2016

Developers are being urged to look at demand before committing to larger units following research from Benham & Reeves Residential Lettings. According to their statistics 49% of all flats let across its 15 London offices have been two-bedroom apartments. One-bedroom units constitute 22% of all transactions, studios 11% and the remaining 18% are apartments and […]


FHL issues buy-to-let warning

Thu 5 May 2016

Foundation Home Loans has cautioned against brokers taking out pay rate buy-to-let products on fixed or lifetime tracker mortgages. With pay rate loans landlords can commonly borrow more, however with the Prudential Regulation Authority introducing a minimum stress test of 5.5% FHL’s commercial director Simon Bayley suggested they might have trouble refinancing down the line. […]


3mc launches Foundation buy-to-let exclusive

Thu 5 May 2016

Distributor 3mc is marketing a buy-to-let exclusive from Foundation Homeloans at 3.49% for a 2-year fix up to 65% loan-to-value for individuals and limited company applications. The deal will be available through 3mc’s network partner Home Loan Partnership, The Right Mortgage and Protection Network and Sesame and to directly authorised members of the PMS Mortgage Club. Doug […]


Fear of Brexit stalls economy

Thu 5 May 2016

The prospect of a Brexit is “stalling” economic growth in April, a Markit/CIPS survey suggests. GDP growth fell from Q1’s rate of 0.4% to just 0.1% last month as the UK service sector grew at its slowest pace in three years. Scott Bowman, UK economist at Capital Economics, said the data “suggests that Brexit concerns […]


Double appointment for Dragonfly

Thu 5 May 2016

Dragonfly has hired Chris Holden and Lauren Gill as external business development managers. Holden will focus on the South of England and Gill will handle the West of England. D’mitri Zaprzala, head of sales at Dragonfly Property Finance, said: “Demand in London may have cooled down but the slack has been more than taken up […]