United Trust Bank (UTB) has successfully combined its new Mortgage DIP and Auto-Underwrite technology with existing AVM and Biometric ID verification through the UTB App to provide a mortgage offer in little more than 3 hours. The case is an excellent example of how UTB’s digital leadership and continued investment in new processes and technology […]
Office demand in the South East is picking up thanks to large corporates signing up for significant amounts of space, reports property agent Savills. It said offices showed a strong end to the year up to the first quarter thanks to companies such as Amazon and InterContinental Hotels signing up for significant workspace in Reading […]
Asset-based lender Ultimate Finance has reduced its Bridging rates following significant milestones which saw the company achieve a 12-month period in bridging finance where they paid out a total of £70m of new business, including the highest ever monthly figure of £20m in May, and saw the bridging loan book grow to record levels. Josh […]
Assetz Capital has provided CBILS loans to SMEs across the UK, with over 75% heading to the nations and regions outside London and the South East. This lending has included the funding of another 2000 new homes across the UK, helping maintain activity for SME housebuilders during the period of the pandemic. SMEs supported include […]
According to new research by Hodge, portfolio buy-to-let landlords are responding to a changing market and are starting to seriously consider the green credentials of homes, along with rental yield and opportunity for capital growth, when making investment decisions. Hodge’s research asked landlords, investors, and brokers what their top priorities were when purchasing properties, and […]
Marketplace lender Assetz Capital is offering a summer rate reduction of 0.45% across all of its loan products to borrowers until 31 July 2021. The promotion reduces the lender’s annual rates across its bridging, commercial mortgages/investment, SME secured, development finance and residential refurbishment products. To secure this promotional offer, borrowers must have accepted terms and […]
Property litigation specialist Cavendish Legal Group has criticised the government for causing further uncertainty among commercial property landlords, by extending the ban on evictions of firms behind on rent. The ban which prevents landlords taking tenants to court for non-payment, was due to end on June 30, but has now been extended for a further […]
Aspen Bridging’s Rapid Desktop product has been used to lend on a semi-commercial property to allow a professional landlord to complete the acquisition of several residential properties across the UK, thanks to a seven-day turnaround. The corporate borrower required a gross loan of £290k against an unencumbered commercial asset in Derby in order to show […]
With the UK experiencing the worst health crisis in a century and the greatest economic contraction in 300 years, it was astounding to many that the Office for National Statistics (ONS) reported that national house prices climbed 7.8% by the end of 2020. Heading into 2021, other factors have come to stir the market, including […]
United Trust Bank (UTB) has launched its new online Decision in Principle (DIP) and automatic-underwriting system to provide brokers with point of sale decisioning available 24 hours a day, 365 days a year. The system enables brokers to receive a real-time pass, refer or decline decision following completion of a short application process taking around […]
