Gatehouse Bank has today reintroduced top slicing for UK residents purchasing a buy-to-let (BTL) property. Top slicing, sometimes referred to as income top-up, can be used where the rent paid by the tenant does not exceed the monthly payment charged by the Bank by the required amount. In these cases, subject to certain limits, the […]
Specialist lender Cambridge & Counties Bank has launched a limited period 5-year fixed rate mortgage solely aimed at supporting residential landlords. The 5-year product is being rolled out in response to heightened levels of enquiries from clients and commercial finance brokers. Rates are available from 6.49% depending on the arrangement fee paid, with loan-to-value rates […]
In response to growing demand from finance companies and intermediaries looking to simultaneously improve service levels, reduce operating costs and generate positive results in the same financial year, specialist consulting and advisory firm Finativ has developed a new methodology to support those aims. Combining subject matter expertise in both operational excellence and in responding to […]
NatWest has extended access to Business Savings from Mastercard to business debit card customers. Business Savings is a merchant discount programme provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the programme. It’s already available to NatWest and RBS business credit […]
Atom bank, the UK’s first app-based bank, has increased the maximum loan-to-value (LTV) available on large commercial mortgages. Following the change, mortgages of up to £5m are now available up to a maximum of 75% LTV against Market Valuation (MV1). As a result, some applicants’ potential borrowing will have increased from a maximum lend of […]
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a 16 basis points (bps) reduction across its two-year fixed rate mortgages and a 6bps reduction across its five-year fixed rate mortgages. The lender said that it is offering the following for properties with an A to C-rated energy performance certificate (EPC): • Between 3.64% […]
Kent Reliance for Intermediaries, part of OSB Group, has introduced new buy to let (BTL) products and reduced rates. Launched products include reduced 75% LTV rates, lower LTV options and large MUFB products. Key BTL updates include: Reduction on 75% LTV rates New lower LTV options at 55% and 65% LTV for 5-year fixed rates […]
The second charge specialist will provide secured loans in England, Scotland and Wales through a panel of specialist broker partners. Its market leading technology will provide a paperless application journey and this, supported by specialist underwriting expertise, will drive its ambition to deliver best in class service. With a management team consisting of highly experienced […]
Atom bank, the UK’s first app-based bank, has announced it is reducing the interest rates charged on its range of commercial mortgages by up to 0.61%. The changes will see variable rates start at 2.04% over base rate, while fixed rates start at 6.25% for loans with a maximum loan-to-value of 45%. Atom bank’s range […]
ThinCats, the leading alternative finance provider to mid-sized SMEs, has today announced that its maximum initial loan size has increased from £15m to £20m. The minimum initial loan size remains at £1m. The change follows increasing demand from a range of growth businesses to address a funding gap in this part of the market. ThinCats’ […]
