Aldermore, the specialist bank, has launched a new online portal for brokers named Asset Backer. The new platform aims to simplify and improve the efficiency of transactions between small businesses and brokers. Now available via Aldermore’s website, the Asset Backer portal enables brokers to: Easily manage their portfolio in one place Calculate and deliver quotes […]
Nucleus Commercial Finance, an alternative finance provider, has today announced changes to its cashflow finance product, delivering more finance options for the UK’s small and medium sized businesses. Following feedback from brokers, the original three year product will now be extended to a maximum term of five years. This change is available to those businesses […]
A husband and wife property investor team are set to breathe new life into a tired block of flats in Aberdeen. Dr Mohammad Namavar and Dr Elahe Radmaneshfar plan to turn 17 serviced apartments into modern rental homes thanks to a £437,500 cash injection from Together, which contributed to purchasing part of the portfolio along […]
Skipton International has announced an enhancement to its mortgage criteria, allowing resident buy-to-let investors to potentially achieve greater levels of borrowing against their rental yields. The leading UK buy-to-let mortgage lender for overseas residents will be offering a reduced interest coverage ratio of 110% (compared to the standard 125%) to customers earning over £100,000 pa […]
Specialist lender Together has teamed up with eTech’s buy-to-let hub to speed up mortgage underwriting for brokers’ portfolio landlord cases. The technology allows brokers to record portfolio information and check contact details efficiently. Profiles are stored on the system so they can be accessed later for review or for future applications, removing the need for […]
The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]
Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]
Exports of tomato ketchup have declined in the first few months of 2019, as Canada drastically reduced its intake from the US following an anti-Heinz campaign, coupled with the trade spat between Ottowa and Washington, IHS Markit’s Agribusiness Intelligence reports. Canada is the world’s largest importer of ketchup with an annual intake exceeding 200,000 tonnes, […]
NatWest’s asset finance arm, Lombard, has today announced the launch of a new digital service that allows businesses to receive instant agreement to fund assets such as cars, vans, machinery and technology, up to a maximum of £250,000. The new function, available through Lombard’s website, allows customers to create a personalised quote across any one […]
MarketInvoice creates Corporate Solutions team to support larger businesses with turnover between £5m and £50m Corporate Solutions to provide larger credit facilities for invoice finance, business loans and contract finance Team to support businesses left in a void between business banking and corporate banking Business finance company MarketInvoice, has launched a new specialist team to […]
