Metro Bank has announced its intention to make further inroads into BTL lending, with upgrades to its range of mortgages. The specialist lender today reveals an increase on maximum loan sizes for its 75% LTV BTL mortgages to £2m from £750k. The Bank now also accepts properties with thatched roofs and ex-local authority flats. Metro […]
Cashplus Bank, the leading SME fintech, today announces it will launch a UK-first Business Creditbuilder tool in partnership with Equifax, aimed to increase accessibility to lending for the 65% of new UK businesses who are refused access to credit. Available as a free add-on to fee based Cashplus business accounts, the feature will structure the […]
Hope Capital has launched a ‘cracking’ new offer to mark the festive season, which provides fast completions, highly competitive rates and LTVs up to 75% on properties worth up to £1m. The brand-new LOANS Fast Track Bridge offering will provide fantastic support as brokers and borrowers look ahead towards opportunities in 2022. The latest deal […]
Foundation Home Loans, the intermediary-only specialist lender, has launched a new ‘festive fixed rate special’ at just 3.04% for 5 years, for landlord borrowers. The five-year fixed-rate has a flat product fee of £1,995 and is available for both purchase and remortgage mortgage loans between £250k and £1m, for buy to let, limited company buy-to-let […]
Development and bridging lender Pivot has announced the launch of a new development finance offering with an in-built LDS Sales Guarantee. The new facility will provide SME housebuilders and their brokers with the option of taking out a Pivot senior lend combined with an LDS Sales Guarantee. LDS offer a unique service guaranteeing to acquire […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has announced a number of new products as part of a range redesign aimed at supporting greater energy efficiency in the UK private rental sector. Zephyr said its new EPC Deal products offer reduced rates of 10 basis points (bps) for standard properties, as well […]
Landbay has repriced its Limited Edition range of five-year fixed rate buy-to-let remortgage products and introduced a £500 cashback payable upon completion. The rates on four of the five products have been reduced by five basis points and the minimum loan value has decreased to £200,000 from £250,000. The maximum loan value for this particular […]
iwoca, one of Europe’s largest small business lenders, has today announced the expansion of its merchant cash advance product to small businesses to all businesses accepting card payments in the UK. The merchant cash advance will enable small businesses to repay their loan based on their sales and stay in control by choosing what percent […]
The specialist lender introduces a number of enhancements for buy-to-let (BTL) customers These include offering BTL loans at up to 80% LTV with rates reduced on 5 year fixed products The Bank has also reduced its affordability stress rate for 5 year fixed products, whilst streamlining the documentary requirements for self-financing BTL loans Metro Bank […]
Weeks after introducing a $100m SME Bounce Back Fund to boost the small business sector, ScotPac from early 2022 will offer three new products that take property security. ScotPac CEO Jon Sutton said this initiative serves a large, underserviced part of the market: business owners who struggle to get appropriate finance. “It also bolsters ScotPac’s […]
