Brokers taking out the new SoMo300k+ loan deal can expect rates as low as 0.49% and no exit fees. They also get to benefit from either a reduced arrangement fee from 2% to 1.75% or a 1.5% procuration fee. SoMo300k+ is available now to individual and limited company borrowers for all types of properties, including […]
The London rental market has suffered greatly as a result of the pandemic. Dwindling demand due to a combination of working from home guidelines and travel restrictions preventing foreign interest had caused stock to flood the market and rental prices to fall, as landlords looked to secure a tenant and recoup at least part of […]
GBB, a new bank focused on delivering property finance to underserved regions of the UK, has secured a further investment from its cornerstone investor, the Teesside Pension Fund (TPF), which has invested £20m to date. The TPF has agreed to invest up to an additional £28m, when GBB obtains its provisional banking licence expected later […]
Hannah Belford, Savills, said: “The Court’s decision reflects concerns held by many that ministers had underestimated the implication of the changes, particularly the impact on housing delivery. “This reinstates the presumption in favour of sustainable development until any further policy changes come forward. Therefore, where developers can demonstrate there is a clear shortfall in the […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has bolstered its distribution panel with the addition of The Business Mortgage Company (TBMC). This panel addition allows CHL to further extend its reach across the intermediary market, offering more advisers access to its specialist buy-to-let proposition and the recent rate reductions made by the lender on its […]
Smartr365, the leading end-to-end mortgage and protection platform, has today announced it has connected with TSB, Aldermore, Leeds Building Society and Accord Mortgages via its latest integration with Iress Lender Connect. Smartr365 and Iress share a vision for streamlined, friction-free mortgage advice and this integration connects four additional lenders to Smartr365’s platform ecosystem. FactFind data […]
Aldermore bank has provided a £4.2m commercial residential refinance loan to returning customer, McIver Homes, an independent house builder and build-to-rent developer in the North East of England. McIver Homes is a family grown business which employs local people to support the local communities in which they build in and currently has a portfolio of […]
Roma Finance, the lender less ordinary, has enhanced its bridging and development criteria to support commercial and development offerings. The new criteria sees an increase of the LTV to 70% on semi-commercial bridging and 65% on commercial. In addition, second charge lending is now available to assist with purchases at up to 65% LTV of […]
LendInvest, the UK’s leading asset management platform for property finance, announces a £150m partnership with Barclays and HSBC to provide finance to property entrepreneurs around the UK and help the supply of new and upgraded, energy-efficient property. Barclays, one of the largest mortgage lenders in the UK, has partnered with LendInvest for the first time […]
Property group Savills has upgraded its forecasts for the UK’s prime housing markets to reflect the unique impact that the extended stamp duty holiday, availability of mortgage finance and repeated lockdowns have had on what affluent buyers are looking for from their homes. Momentum continues to build across prime regional markets The firm now expects […]
