The lender has repriced its five-year fixed-rate mortgages to 5.99% on capital repayment and 6.49% on interest-only home loans, in a series of changes designed to offer more options for brokers’ clients. Regulated bridging loans have seen rates cut from 0.65% to 50% LTV and 0.75% to 70% LTV, while the lender has launched a […]
Brightstar Financial has joined the Mortgage Market Alliance (MMA). The award-winning specialist distributor, which is celebrating its tenth anniversary this year, has teams of experts to help brokers identify the best solution for their specialist cases. Brightstar Financial covers all areas of specialist property finance, including residential mortgages, later life lending, buy to let mortgages, […]
MT Finance’s newly launched regulated bridging offering has completed its quickest deal so far, a 10 day, £1.659m loan in partnership with Crystal Specialist Finance (CSF). The applicant had exchanged on a £4m purchase of a detached seven bedroom property in the South East, however the initial lender withdrew funding terms without notice meaning the […]
The government-backed initiative from British Business Bank helps businesses who have been adversely impacted by the coronavirus pandemic by covering interest and fees for the first 12 months of the loan. Amor Homes encountered disruption to the building works of the high-spec properties at the start of the pandemic. Whilst the site remained open throughout […]
Bridge Development Partners, LLC (“BRIDGE”), a privately-owned development and acquisition firm of Class A industrial properties, today announced that it completed over $2.2bn in transactions during 2020. BRIDGE acquired 10 properties totaling approximately 6.5 million square feet, valued at over $1.4bn across BRIDGE’s five regional offices located in Chicago, Miami, New Jersey/New York, Los Angeles/San […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced initial rates and introduced a 1% product fee option across its entire range. Zephyr’s new rates start at 3.04% for a two-year, fixed-rate, standard property buy-to-let mortgage and 3.39% for a standard, five-year, fixed-rate loan for individuals and limited companies. The lender’s rates […]
A couple have bought their dream property – a 19th century Scottish lighthouse keepers’ home – thanks to a commercial mortgage from specialist lender Together. The historic Corsewall Lighthouse was built in 1815 by the engineer Grandfather of renowned Treasure Island author Robert Louis Stevenson, and is perched on the northern coast of the Rhinns […]
Despite fears of a property market crash due to Covid, house prices are at an all-time high and the latest research by property developer, StripeHomes, has revealed which pockets of the market are currently fighting fit based on house price growth since the last market crash. Biggest market declines Back in Q3 of 2007, the […]
Paragon Bank has provided a £4m funding package to London-based developer Farleigh to fund the development of Mulberry House, 25 new homes in Dorking, Surrey. Mulberry House will comprise 25 exclusive apartments, each built to Farleigh’s high specification. The funding from Paragon’s specialist Development Finance team has enabled the business with both the acquisition and […]
Portfolio management platform, Lendlord, has launched an Open Banking integration that allows landlords to automate their cashflow and bookkeeping. Lendlord has been approved by the FCA to partner with Open Banking platform, Plaid, and enable users to link an unlimited number of bank accounts to their Lendlord account. This integration will allow Lendlord users to […]
