United Trust Bank (UTB) has announced the launch of its Block Discounting service which aims to provide funding to non-bank lenders unable to fund their operations through retail consumer deposits. The new venture headed up by UTB’s Julian Mellors, soft launched in October 2023 and has several live facilities with small and medium sized independent […]
ThinCats, the leading alternative lender to mid-sized SMEs, has announced the launch of Agile Capital, a flexible funding solution for growth and working capital. By combining a term loan with a revolving credit facility (RCF), Agile Capital provides a holistic funding solution for mid-sized businesses. Agile Capital is suited to businesses where a traditional ABL […]
The commercial mortgage rates offered by Atom bank, the UK’s first app-based bank, have reduced. As a result, variable rates now start at 2.08% above base rate for loans at 45% loan to value. Highlights of the range include: Loan type LTV Representative rate over base rate* Trading businesses 60% 2.89% Trading businesses 50% 2.59% […]
A new savings tracker, published today by SME-focussed Allica Bank, has shown a continued significant gap between the rates SMEs are offered by challenger banks and their larger, incumbent competition. Allica’s innovative new SME Monthly Savings Tracker provides an up to date analysis of the average savings rates offered by the big banks, relative to […]
LiveMore, the mortgage lender for people aged 50 to 90 plus, has today reduced rates across all of their products. They have reduced by 0.25% all retirement interest-only (RIO) mortgages, apart from their fixed-for-life RIO, which is reduced by 0.20%. Standard capital & interest, and standard interest-only mortgages are also down by 0.25%. LiveMore’s standard […]
Buy-to-let lender Landbay has launched new five-year fixed rate products at 80% loan-to-value (LTV) for both standard properties and small houses in multiple occupation (HMOs), alongside a raft of further rate reductions. The new 80% LTV five-year product for standard properties is available at 6.39% and comes with no product fees. The HMO version is […]
‘Buy to Let by Foundation’, the buy-to-let brand of Foundation Home Loans, the intermediary-only specialist lender, has today (Wednesday 20 March) introduced a brand new, limited edition two-year fixed rate buy-to-let product to further extend its core buy-to-let proposition. Available for both purchase and remortgage purposes, the F1 limited edition two-year fixed rate BTL mortgage […]
Specialist lender Spring Finance (Spring) has announced the release of a 1st charge residential remortgage product following a successful pilot launch in November last year. The product range offers loans up to £100,000 and 75% LTV. The lender has also added an HMO and Airbnb product to its existing 2nd charge BTL product range as […]
Precise, part of OSB Group, has made a number of changes across its buy-to-let product ranges. Highlights include: Current Tier 1 80% LTV buy-to-let rates reduced by 50bps New Tier 2 and Tier 3 buy-to-let ranges for adverse cases The lender has re-introduced Tier 2 and Tier 3 buy-to-let products, starting from 5.19%, designed for […]
Kent Reliance for Intermediaries, (part of OSB Group) has refreshed products across their residential, buy-to-let, and shared ownership product ranges. Changes include relaunching Income Flexibility and Extra Flexibility residential ranges and rate reductions of 50bps on selected buy-to-let rates. Residential range changes: Income Flexibility Range – for customers who need flexibility around income multipliers. Available […]
