The Certified Practitioner in Specialist Property Finance (CPSP) has now launched, following a joint initiative between the Association of Short Term Lenders (ASTL), Financial Intermediary & Broker Association (FIBA) and the London Institute of Banking & Finance (LIBF). CPSP is an optional e-learning programme that will cover bridging, short term finance, development finance and specialist […]
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) has been released today, with data suggesting a growing optimism about the outlook for the mortgage market. IMLA’s findings show that intermediaries are keeping busy, with the average adviser placing 99 cases over the previous 12 months. The figure is a small […]
The Envelop Network has announced the addition of Bank of Ireland to its lending panel. This panel addition will provide Envelop Network members with access to Bank of Ireland’s extensive and competitive range of residential and buy-to-let products. This includes the Bank’s Bespoke product suite which offers advisers a personalised and flexible service for particularly […]
Rising asking prices across all English regions, Scotland and Wales indicate a renewed level of confidence among vendors and a further bold step along the road to recovery, according to Home.co.uk’s Asking Price Index for May. At the same time, rising stock levels and longer marketing times, while normal for the time of year, will […]
Requirements for office space in the City and Central London continue to grow in 2023, reports Savills, despite lower levels of take-up against ongoing economic uncertainty. In its latest City Office Market Watch the real estate advisor says occupiers with an active requirement considering options in the City and Central London has risen to 8.7 […]
Specialist lending firm Somo | Bridging has this week reached the milestone of repaying 1000 loans to investors, earning them a cumulative £14.9m interest. Launched as the BridgeCrowd in 2014 and rebranding as Somo in 2020, the firm’s ethos of ‘slow and steady wins the race’ has played out with over a quarter of a billion pounds lent in live and fully redeemed loans. Somo’s ability […]
Only smarter lenders will develop products based on affordability, according to brokers taking part in a recent survey by Mortgage Broker Tools (MBT). The research found that 54% of brokers says only the smarter lenders will become more creative and develop more bespoke products, criteria and underwriting based on affordability. This is up from 30% […]
Hope Capital has today announced it has cut rates on all deals over £1m, enabling brokers and borrowers to hit the jackpot on their large loans. The specialist short-term lender’s announcement means all borrowers who take a loan out over £1m with Hope Capital, can make significant savings on their borrowing. For example, if a […]
New analysis shows the sector grew 9% in the first quarter of 2023, down from long-term annual growth of 28%. Latest analysis from the British Property Federation (BPF) shows that the total number of Build-to-Rent (BtR) homes in planning, under construction, or completed continues to increase year-on-year, but the pace of growth has slowed from […]
Allica Bank has announced a raft of record rate reductions across its commercial mortgage product range. The significant rate cuts come in light of a stabilising economic picture and are targeted at encouraging businesses to invest and grow. The business bank, which specifically focuses on serving established SMEs of between 10 and 250 employees, has […]
