Specialist lending firm Somo Bridging will launch an unmissable deal on Tuesday 7 February that will see it pay up to £2,000 of the lender legal fees if brokers or borrowers ‘lock-in’ a deal by midnight on Tuesday 28 February. In a similar promotion in 2022, Somo saved borrowers over £25,000 in lender legal fees […]
Foundation Home Loans, the intermediary-only specialist lender, has today announced price reductions on its owner-occupier and buy-to-let mortgage products. In the owner-occupier range, Foundation has cut rates on its fixed rate specials by 90 basis points (bps) across both its F1 – for clients just missing out on the mainstream – and F2 – for […]
Fleet Mortgages, the buy-to-let specialist lender, has today (2 February 2023) announced price cuts on all its seven-year fixed-rate products. Priced in line with recent swap rate movements, Fleet has been able to cut prices on all seven-year products by 44 basis points. Fleet’s seven-year fix for both standard and limited company borrowers is now […]
Alternative Bridging Corporation has launched PartX Property Finance, a pre-approved part exchange facility to expedite sales and chain breaks on new home developments. PartX Property Finance will enable brokers to help their developer clients by facilitating the quick sale of newly developed properties. The facility provides developers with the finance they need to complete a […]
Aldermore today announces a limited edition run of reduced fixed rates across its buy to let and owner-occupied mortgages. This follows earlier rate reductions from Aldermore in mid-January, highlighting the bank’s commitment to offering good value to a wide range of borrowers. The new limited edition rate reductions are up to 0.75% for landlords and […]
Hodge has launched a new Mixed Use Finance product to support experienced commercial investors wanting to buy property where the majority is residential but also has a commercial element. The product will offer proven investors access to one facility that can assist with the purchase of a single property, or across multiple properties within a […]
Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios. According to Hamptons, a leading UK estate and letting agency and part of the Skipton Group, purchases of UK property via company structures increased by nearly 40%. From […]
Landbay is reducing rates by up to 60 basis points across its range of buy-to-let mortgages for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). The loan-to-value is 75% for these products and includes Landbay’s variable fee structure of between 2% and 3% for increased affordability around the interest coverage ratio (ICR). In addition, […]
Funding 365 has today pledged to rebate property valuation fees to increase cashflow for borrowers using its bridging products to buy property at auction between 25 January and 30 June 2023. The offer applies to Funding 365’s unregulated, first charge bridging loans up to £10m in value secured against residential investment, semi-commercial and commercial property […]
Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft assets to meet the demand from its brokers and customers. The bank is offering financial support to help businesses finance soft assets, which may include the acquisition of IT, telecoms or security […]
