The UK property market recovery continues, stepping up a gear in response to considerable pent-up demand and delayed sales, according to Home.co.uk‘s Asking Price Index for August. Estate agents had a phenomenally busy month in July, taking on vast amounts of new instructions at the same time as properties were being snapped up. Moreover, new […]
Data Analysis by Mortgage Broker Tools (MBT) has found that, while lending options remain restricted at higher LTVs, most brokers using MBT Affordability are still being offered mortgages that meet their clients’ requirements. MBT analysed enquiry data from the MBT Affordability platform for the first six months of 2020 and found that, while lender appetite […]
West One has today, 12th August, launched two limited edition buy-to-let products, both of which are available for standard and specialist landlords. The loans benefit from West One’s ‘no credit scoring’ approach, with specialist underwriting on all applications. These two limited edition products come just one week after West One announced the relaunch of its […]
LendInvest, the UK’s leading platform for property finance, has made a series of changes to its buy-to-let product suite. LendInvest has increased its maximum loan size for MUFB properties up to £1m for 70% LTV, £1.5m up to 65% LTV and will now accept up to £3m up to 60% LTV. The lender has also […]
Aspen Bridging has completed a £150k development exit bridging loan on a remote property in Wales, using its desktop valuations system to overcome national lockdown restrictions. The money was required to complete the current project in Llangollen, which has £50k of works outstanding, with the remainder being used to improve cashflow to secure the next […]
The MCI Mortgage Club has this week added LiveMore Captial to its panel, extending its range of products to include retirement interest only (RIO) mortgages. Launched in 2020, LiveMore has taken a fresher approach to the later life lending space. It offers more flexible affordability criteria, greater borrowing power up to 75% LTV and extended […]
City Finance Brokers, the specialist mortgage and finance brokerage, has become the first broker to complete a bridging loan facility with Ultimate Finance under its new government-backed Coronavirus Business Interruption Loan Scheme (“CBILS”) bridging facility with a £1.9m loan. The facility is being funded by Ultimate Finance and guaranteed by the British Business Bank (UK […]
A Highland property developer is set to launch the first five units of a 38-plot development despite months of disruption caused by Covid-19, thanks to a six-figure funding package from Bank of Scotland. Allan Munro Construction is a family-owned business that specialises in building residential developments across the Highlands, predominately within the Cairngorms national park. […]
LendInvest, the UK’s leading platform for property finance, has received the highest possible rating from a European ratings agency for the sixth consecutive year. ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets Authority (ESMA). Its rating is based on a number of key factors including corporate governance, […]
Fresh research from Barclays Mortgages has found residents of UK’s biggest cities are no longer happy with where they’re living, and as a result are considering a move post-lockdown to areas with more green space on their doorstep. Close to a third of those in Birmingham (32%) and London (30%) feel the biggest urge to […]
