Housing stock at record lows in some areas

Tue 16 Aug 2016

Housing stock is at record lows in some parts of the UK with a third of estate agents reporting a fall in the volume of new instructions, latest figures from the Royal Institution of Chartered Surveyors reveal. Noel Meredith, executive director and head of United Trust Bank’s development finance division, said: “The UK suffers from […]

Enterprise upgrades broker portal

Mon 15 Aug 2016

Master broker Enterprise Finance has upgraded to its recently-launched Apex broker portal. The latest version of Apex augments the portal’s sourcing technology with transparent, milestone-based case tracking. Harry Landy, sales director at Enterprise Finance, said: “In a competitive marketplace it is hugely important for brokers to meet the needs of both their clients and regulators […]

SME funding enquiries double year-on-year

Mon 15 Aug 2016

The average size of loans requested in August jumped to £128,000 – a significant increase on £73,000 in July and £94,000 in June. Enquiries about funding opportunities for British SMEs have seen a two-fold increase, according to the National Association of Commercial Finance Brokers. Requests on the NACFB’s online platform have totalled more than […]

Kuflink makes new appointment

Thu 11 Aug 2016

Kuflink Bridging has appointed Danielle Comrie as senior case manager in the company’s head office in Gravesend. Comrie started her career as an underwriter for Halifax and has spent the past four years at Kent Reliance as a broker liaison co-ordinator and latterly as an Underwriter. Narinder Khattoare, sales and marketing manager at Kuflink Bridging, […]

Mansfield launches 5-year buy-to-let fix

Thu 11 Aug 2016

Mansfield Building Society has launched a 5-year fixed rate buy-to-let mortgage at 3.29% up to 70% loan-to-value. The product is available for purchase and remortgage and can also be used for consumer buy-to-let. The mortgage also comes with a free basic valuation and has an application fee £199 and a completion fee of £1,800. Steve […]

Brokers remain steadfast on Brexit decision

Thu 11 Aug 2016

Nine out of 10 brokers would vote the same way on Brexit having seen the immediate aftermath of the nation’s decision to leave the EU, a UTB survey has revealed. Over 300 brokers working in the fields of asset, bridging and development finance replied to the survey and 92% said they would not have changed their […]

Second-charge mortgage repossessions down 40%

Thu 11 Aug 2016

The number of second-charge mortgage repossessions in second quarter of 2016 was down 40.3% year-on-year, Finance and Leasing Association figures have shown. Fiona Hoyle, head of consumer and mortgage finance at the FLA, pointed out the key role of second charges following the implementation of the Mortgage Credit Directive back in March. She said: “Second-charge […]

Bridging demand defies expectations

Thu 11 Aug 2016

Demand for bridging loans in the quarter ended 30 June 2016 defied expectation, with the value of applications for bridging loans increasing by a remarkable 61.5% quarter-on-quarter, the Association of Short Term Lenders has found. The quarterly data survey, which was completed by 36 bridging and short-term lenders, found the value of applications in the […]

Central London office space bounces back

Thu 11 Aug 2016

The amount of Central London office space leased by businesses recovered from a previous dip to reach 980,400 sq ft in July. This is 24% above the level seen in June and the strongest monthly average since March, according to CBRE. July’s office take-up in Central London remained below the 10-year average of 1.1 million […]

Lack of family homes hitting rental market

Thu 11 Aug 2016

The UK is facing a shortage of family houses available for rent, according to the Belvoir Q2 rental index. The research found that whilst tenant demand for two to three bedroom semi-detached and detached homes remains very high there is a dearth of those property types. Dorian Gonsalves, managing director of Belvoir, said: “Our survey of franchise owners across the network […]