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 […]
Hodge is announcing further reductions on rates across its Professional Mortgage range from tomorrow (4 May). It is the third time the specialist lender has dropped rates on its Professional Mortgage product since it first launched it in December. Now Hodge has moved to reduce rates across its Professional Mortgage product range once more, with […]
Mortgage brokers remain positive about the outlook for their business volumes in the next 12 months, despite the challenging economic environment, according to new research from Pepper Money. Research conducted amongst more than 500 brokers found that 41% think their business volumes will increase, 26% think business volumes will stay the same, and only 33% […]
House prices were up by half a per cent in April after seven months of consecutive falls, according to the latest figures from Nationwide building society. The average UK house cost £260,411 compared with £257,122 in March, although year-on-year growth for April remained negative at minus 2.7%. Nationwide’s chief economist Robert Gardner said: “In recent […]
Specialist lending firm Somo Bridging will once again launch its exclusive ‘one month interest free’ deal for clients of brokers that lock in a deal with the firm throughout May. As part of the month-long initiative, Somo will treat borrowers to their first month interest free and the discount will apply to both serviced and […]
Commitment to move among buyers has returned to levels not seen since February 2022, according to property firm Savills latest survey of prospective prime property buyers and sellers, to uncover how the market has changed so far in 2023. Although higher interest rates and wider market uncertainty are expected to dominate the market in 2023, […]
There are more than 2 million potential customers for Right to Buy in England and Wales, according to new research commissioned by Pepper Money. The specialist mortgage lender partnered with YouGov to conduct a survey of more than 6,000 adults in England and Wales. It found that 11% currently rent their home from a local […]
European commercial real estate (CRE) is feeling the refinancing squeeze, according to an S&P Global Ratings credit FAQ. “Spotlight On Refinancing Risks In European Commercial Real Estate” takes a look at some of investors’ most pressing questions on CRE refinancing risks, both from a bank and a real estate investment trust perspective. “The majority of […]
The All Party Group on Challenger Banks and Building Societies has called for radical reform of the UK mortgage market following an inquiry into the UK mortgage market. The APPG invited panel of leading experts in mortgage policy to discuss the key issues in the UK mortgage market in the light of rising interest rates. […]
Pepper Money has enhanced its payment process by replacing the majority of cheque payments on its second charge mortgage lending with electronic payment methods as part of the lender’s commitment to Environmental, Social and Governance (ESG) initiatives. Last year, Pepper Money sent more than 10,000 cheques to customers on the completion of their second charge […]
