Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Cash Advance (BCA) to support more SMEs as England eases Covid-19 restrictions. With SMEs showing high demand for finance as they prepare for post-lockdown trading, the fintech lender has made a number of changes and new additions to […]
Complex buy-to-let lenders were rated 96% for their flexibility by brokers. Mainstream buy-to-let lenders were rated 87% for flexibility. Overall, lenders across all categories scored a rating of 79% for flexibility. When asked what they liked about the lender they had placed a complex buy-to-let application with, one broker commented: “Flexibility and the underwriters look […]
Investec has increased the interest rate on its 32-Day Business Notice Account from 0.65% to 0.75% AER, moving it to the top of the best-buy table for notice business deposit accounts with a similar term, and joint first place when comparing across all notice periods. It also has the lowest notice period of the 24 […]
Hodge has today made some changes to its Portfolio Buy to Let (PBTL) loans, including increasing its maximum LTV to 75%, as well as increasing the LTV for multi-unit freehold blocks (MUFB) for up to 15 units to 70%. The specialist lender has also introduced a variable rate product which will have a rate of […]
365 Business Finance has formed a new partnership with credit solutions provider CRIF Realtime, the creator of Credit Passport, as part of its mission to assist SMEs with flexible funding and services. Since the easing of lockdown restrictions from April of this year, 365 Business Finance has experienced a 22% increase in the number of […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across the majority of its products. Zephyr’s new rates for its five-year, fixed-rate, standard property BTL mortgage products start at 3.04%, with rates reduced by up to 0.25%. Its two-year, fixed-rate, standard BTL mortgage products start at 2.84%. The lender’s rates for […]
Aspen Bridging has cut rates across the majority of its product portfolio by 0.1%, while doubling its maximum loan size to £10m. Prime Flat Rates start at 0.64% for Residential, 0.69% for Light Development, 0.74% for HMOs and 0.79% for Commercial. LTVs are available up to 75% with loan terms running from 10-18 months. The […]
Landbay has reduced the rates on its core product range by up to 0.24%, making its range of buy-to-let mortgages even more competitive. In addition, Landbay has launched new products which include: Multi-unit freehold block (MUFBs) mortgages available for first time landlords starting from 3.49%. This joins the new HMO products for first-time landlords that […]
Alternative Bridging Corporation has launched a range of specialist Refurbishment Loans that allow further drawdowns and reduced rates on Practical Completion (PC) of the works. The range, which is available for light and heavy refurbishments on residential and commercial property, features initial advance for purchase or refinance, further drawdowns to fund improvements, final advance on […]
Gatehouse Bank has launched a new tier of buy-to-let (BTL) and home purchase plan (HPP) products. The new tier, for finance of £500,000 and over, will benefit from rates 0.20% lower than the equivalent products for smaller amounts. For example, a two-year HPP product for UK residents at 65% FTV will carry a rate of […]
