‘Product-less’ lender, Octane Capital, today announced it has reduced its risk rating given the improved outlook for the UK property market and broader political stability following the December general election result. As a result, and with immediate effect, the lender will be lowering rates on its larger bridging, developer exit and refurbishment loans by as […]
The agreement offers our brokers a range of products appropriate for portfolio landlords, HMOs, MUFBs, first time landlords, limited companies and new build properties. As the regulatory and economic landscape of the buy-to-let market becomes more complex, lenders need to be flexible and expect to meet the needs of intermediaries and landlords alike. This partnership […]
Simply, the SME funder, today announced that it has started to list third party assets on the Simply site, in a move to both expand the range of vehicles and machinery available to potential buyers and also help existing customers and partners sell the kit they no longer need. Simply Market – an extension of […]
NatWest has today launched a new partnership with Soldo, a pre-paid company card provider for small businesses, which will allow two of the bank’s ventures, Esme Loans and Rapid Cash, to be offered directly to Soldo’s customers, as the bank aims to increase lending to UK SMEs throughout 2020. Soldo is a multi-user business expenses […]
LendInvest, the UK’s marketplace for property finance, has made key changes to its BTL product range, increasing the maximum loan size for all property types and introducing a new cash back contribution towards legal fees. The lender has increased their definition of small HMO’s from up to 6 to 8 bedrooms, whilst increasing their definition […]
Gatehouse Bank has today cut the rental rates on its entire buy-to-let (BTL) range, offering the largest reductions to international residents. As part of the latest changes, the most significant rate reduction of 0.70% has brought the five year fixed term for international residents (individual and corporate) down to 3.99%. The two year fixed rental […]
Praetura, the group of companies that provides alternative finance to SMEs, is expanding with the launch of a £40m fund designed to provide rapid finance to professional services firms. Praetura Enterprise Finance aims to support professional services firms – such as accountants, solicitors and other practices – and SMEs from other sectors with funding that […]
Metro Bank is accepting registrations for its new on-demand cash collection and delivery service to support the 4.2 million UK SMEs that rely on cash. The launch is the latest in a long list of innovations brought to the market by the Bank – from instant debit card printing in store and seven day a […]
Aldermore’s new Buy-to-Let City Tracker, analysing 25 cities across the UK to understand the best places for landlords to invest in, has found Oxford, closely followed by Manchester, to be the best. The Tracker was determined by analysing and assessing five key indicators that impact desirability; average total rent, the best short-term returns through yield, […]
Ultimate Finance has partnered with Nivo to invest in facial recognition technology to make it quicker and easier to apply for funding. Nivo gives Ultimate Finance access to a range of leading technology services so they can streamline customer engagement through instant messaging. Features such as biometric ID verification and file sharing remove the traditional […]
