Recognise Bank has entered the business savings market with the launch of an easy access savings account paying 0.55% AER. The Bank says that UK SMEs could be missing out on hundreds of pounds in potential interest by not using business savings accounts. Research by Recognise found that small firms have an average of £75,000 […]
Metro Bank, the specialist high street lender, today launches a new asset based lending (ABL) proposition. The Bank will provide lending facilities of £2m and up against a wide range of assets including debtors, stock, plant and machinery in addition to commercial property. The new offering is available to both existing and new-to-bank customers. ABL […]
Investec has increased the interest rate on its online business savings account from 0.75% to 0.95% AER, strengthening its position among the top business savings accounts. Investec’s online business savings account is a simple, straightforward online account offering unlimited withdrawals with no hidden fees or charges requiring only 32 days’ notice from customers. It pays […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has entered the short-term let marketplace with the introduction of a new five-year fixed rate product range, up to 75% LTV. CHL Mortgages five-year 65% LTV short-term let products come with two fee options to help provide landlords with greater control over upfront costs. The rate of 3.50% […]
West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C. This innovative new green product is set at West One’s lowest ever rate for buy-to-let second mortgages starting from 5.29%. In addition, West One has created a brand-new, second charge […]
OSB Group, one of the UK’s leading specialist lenders, has launched an extensive new bridging proposition through Precise Mortgages & InterBay to support brokers with their client’s requirements for short term lending solutions. The range brings together a real breadth of product offering and utilises a combination of expertise across both brands. The Group has […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, further expands its product suite and criteria by launching a new product range for large Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), designed to cater for properties with 7 to 10 bedroom/units, so moving the lender further into the complex multi-unit/tenanted buy-to-let market. This move […]
United Trust Bank (UTB) has announced it is targeting growth in non-tegulated bridging business in 2022 and revealed a raft of Fast Track and AVM criteria enhancements which will increase opportunities for brokers to recommend the specialist lender to professional property developer and investor clients. The following criteria changes have been made with immediate effect: […]
Riding on the success of the previous year, Hope Capital has announced it has overhauled its product proposition to support brokers and their clients looking to take advantage of investment opportunities in the 2022/23 Financial Year. The products offered by the specialist short-term lender have undergone a major revamp, with non-discounted rates now starting from […]
Specialist lender Spring Finance has today announced the launch of its bridging pilot scheme. With an offering of regulated, non-regulated, first charge, second charge and refurbishment products, the pilot is being run with some of the industry’s leading intermediaries ahead of a full launch later in Q2. Spring has made some important hires in recent […]
