Specialist buy-to-let lender Landbay continues to reduce rates, this time by up to 0.10% across all of its five-year fixed-rate products. Many of the rates start below 5% including the 75% LTV range. Landbay has also increased the maximum loan size on 55% and 65% LTV products to £2m from £1.5m and on 75% LTV […]
finova Payment and Mortgage Services today announces the addition of Bath Building Society to its lender panel, further expanding the diverse range of products available to its club members. finova Payment and Mortgage Services is a trusted partner to over 450 brokers, who will now benefit from access to Bath Building Society’s suite of products, […]
Metro Bank has reduced its pricing across both its residential and buy-to-let product ranges. It has also enhanced its buy-to-let stress rates. Charles Morley, director of Mortgage Distribution at Metro Bank comments: “These product enhancements have been driven by feedback from brokers as they seek to help as many customers as possible to achieve their […]
Savills latest research reveals that Q3 2023 saw a flurry of activity in the Built to Rent (BtR) market, with 18 transactions taking place and investment volumes totalling £448m. The research also shows a record number of homes under construction, at 59,043, despite a slowdown in starts due to economic headwinds. According to Savills, BtR […]
Pepper Money has partnered with technology platform, Lending Score, to harness the power of Open Banking. Lending Score aims to minimise the time it takes for brokers and lenders to obtain the correct documents to support an application, providing real-time data straight from a customer’s bank account and tailor-made statements. Working with Lending Score enables […]
Roma Finance, the borrower first lender, achieved its record month in October, not only for new business following the highly successful launch of its new FLOW product range. New business increased by 51.2% in October compared to the average levels for 2023 as a whole. Roma has experienced multiple record-breaking periods of enquiries and completions […]
Freshly released figures reveal that Hope Capital, has once again achieved another company record. Q3 has been confirmed as the lender’s most successful quarter to date since it was established in 2011. Owing to new funding lines secured by Hope Capital and a larger current portfolio, throughout August, September and October 2023, the lender’s loan […]
Landbay is making rate reductions of up to 0.30% across its two and five-year fixed rate buy-to-let ranges. This is Landbay’s second major rate reduction in just over a week and follows hard on the heels of swap rates continuing to fall. Rate reductions of up to 0.30% are across two-year standard fixed rate mortgages […]
Bridging loan books hit a new record high in Q3 2023, according to the latest data from the Association of Short Term Lenders (ASTL), with applications and completions also showing strong growth during the period. The figures, compiled by auditors from data provided by members of the ASTL, show increases across all areas of lending, […]
Prime markets (broadly the top 5-10% of a given market by value) will recover more quickly than the mainstream in 2024 due to lower reliance on borrowing and values are projected to rise by almost a fifth in total by the end of 2028, according to the latest five-year residential market forecasts from property advisors, […]
