Metro Bank has launched a digital car loan product under the RateSetter brand to enter the sizeable and growing vehicle financing UK market. The loans are hire purchase loans for used cars and are currently available through motor brokers using market-leading RateSetter technology. CarFinance 247 and Motion Finance are the first brokers to pilot the […]
Landbay has made further reductions of up to 30 basis points on its five-year fixed rate Special Edition buy-to-let mortgage range. Rates start at 4.29% and the reductions apply to standard properties with LTVs of 55%, 65% and 75%. There is a variable fee structure of between 2% and 7% to help with affordability and […]
Now that Hampshire Trust Bank’s (HTB) service levels are back within SLA, it is launching two new specialist five-year fixed rate residential and semi-commercial products, for professional landlords borrowing up to £25m, with differing Early Repayment Charge ‘ERC’ profiles. The bank has introduced these products to support more borrowers to achieve the leverage they require […]
Buy-to-let specialist lender Landbay is lowering the rates on two-year fixed rate mortgages and reducing its income cover ratio (ICR) requirements for basic tax rate borrowers. This is the second interest rate reduction of 2023 for Landbay, with its two-year fixed rate range falling by up to 0.30% for standard, small HMOs and MUFBs plus […]
Black Business Recommendation is proud to announce the £10,000 interest-free business development loan opportunity – One lucky black-owned business owner will secure the funds to assist with their business growth with an aim to promote the philosophy of ‘doing for self’. This fantastic opportunity has been devised to encourage the development of black business economic […]
Castle Trust Bank has revamped its bridging range, introducing a number of new enhancements including the ability for fees and interest to be added to the loan above the maximum Net LTVs. The specialist bank has improved the criteria on its Light Refurb and Heavy Refurb Bridge products to include Net LTV calculations, meaning that […]
Hodge has introduced two short-term fixed rates on its Specialised Residential Investment (SRI) finance product along with a new 5-year fixed rate of 6.25%, as well as introducing a longer term variable rate option. After taking feedback from clients and brokers, who said in the current climate there was an appetite for shorter fixed term […]
Hodge is adding a Professional Mortgage to its specialist range, bolstering its aim to serve underserved markets. The mortgage, available to a range of professionals such as barristers, architects, doctors, dentists and more, provides a solution for those with more complex incomes. Whether customers are newly qualified or an experienced professional with several streams of income, […]
Knowledge Bank, the UK’s largest criteria search system has unveiled two new search options in response to changing market conditions enabling brokers to establish which lenders offer product flexibility after an offer has been made. Brokers will now be able to search for ‘Change of Product – Rates Reduced after Mortgage Offer’ which will reveal […]
Today, Cashplus Bank, the leading digital SME bank, has announced the launch of next-generation credit card functionality for small businesses and sole traders. The new, enhanced credit card, delivered as part of Cashplus Bank’s £5m BCR Capability and Innovation Fund grant commitments, employs Open Banking technology and other advanced features to create a highly flexible […]
