News

AToM hosts Cluedo-themed specialist lending expo

Thu 23 Jun 2016

All Types of Mortgages (AToM) will host a Cluedo-themed specialist lending expo and gala dinner on 30 June to celebrate its 25th anniversary. The expo will take place at the five star South Lodge Hotel near Horsham, West Sussex and will feature presentations, round tables, lunch, refreshments and CPD points will be available. The event […]


Scotland sees fastest rent growth on record

Thu 23 Jun 2016

Scottish rents increased by 1.3% to reach £549 in April – the fastest monthly growth on record, the Scotland Buy-to-Let Index from Your Move has revealed. Glasgow and Clyde saw the steepest uplift month-on month, with rents increasing by 1.9% in the region. On 1 April Scotland introduced a 3% surcharge on its Land and […]


BTL remortgage

Buy-to-let mortgage sales on road to recovery

Thu 23 Jun 2016

Equifax Touchstone analysis has revealed buy-to-let mortgage sales in May rose for the first time since February’s rush, indicating the market is settling following recent changes to stamp duty. Sales were up 3.9% from April; a total of £2.7bn. However, year-on-year figures were down by 20% (£0.7bn). Residential mortgage sales flourished during the month, reaching […]


First ever MBE Bristol a sellout

Thu 23 Jun 2016

All exhibitor stands for the first ever Bristol Mortgage Business Expo held on 6 July have been sold. The event at Ashton Gate is being supported by over 40 exhibitors including specialist lenders, building societies, retirement planning companies and industry bodies such as the FCA, the Equity Release Council and the Society of Mortgage Professionals. […]


Commercial property transaction up with sector unshaken by Brexit fears

Tue 21 Jun 2016

A 12% rise in commercial property transactions suggests the sector has staved off widespread fears around a potential Brexit, following a surge in funding from alternative finance lenders, according to Saving Stream, the peer-to-peer property funding platform. Saving Stream said that commercial property transactions in May 2016 reached 10,790, a high since the credit crunch – […]


Crystal Specialist Finance complete NACFB show deal in under 24 hours

Tue 21 Jun 2016

Crystal Specialist Finance has completed one of its quickest deals on record, receiving the application at the NACFB Commercial Finance Expo 2016 and completing drawdown in under 24 hours. During the trade show a broker approached the stand with the requirement to source an unsecured business loan to raise working capital in order to expand […]


Exclusive: Prestige simplifies pricing, reduces rates and ups proc fees

Tue 21 Jun 2016

Second charge mortgage specialist Prestige Finance has simplified and enhanced its mortgage range by creating one simple competitive Prime range for loans up to £2.5m. The removal of separate pricing for its large loans now means all Prime deals, regardless of size, will benefit from the same set of terms. And Prestige Finance has reduced its Prime […]


Avamore Capital joins ASTL

Tue 21 Jun 2016

The Association of Short Term Lenders has made Avamore Capital its 35th member. The lender provides refurbishment and mezzanine short-term property loans in addition to bridging and senior loans. Benson Hersch, chief executive of the ASTL, said: “Since April 2011 when there were 18 lender members, the ASTL has continued to grow year on year. […]


Bridging Introducer: Why short-term finance is outpacing the mainstream market

Mon 20 Jun 2016

According to recent figures from the Association of Short Term Lenders, the number of bridging loans written in the first quarter of 2016 continued to rise. This increase in bridging lending activity is the result of more investors opting to secure short-term loans to finance property deals, highlighting how this type of finance is continuing […]


Asset based finance up 7% year-on-year

Mon 20 Jun 2016

The amount of finance secured by UK businesses against hard assets such as inventory, machinery and property has increased by 7% in the last year, from £3.38bn to £3.63bn, according to the Asset Based Finance Association. The ABFA said the rise in businesses securing asset based lending is part of the continued shift away from the […]