Ashman, the ambitious new entrant bank serving small and medium enterprises (SMEs) in the commercial real estate sector, has successfully gone live on Mambu. Ashman is currently leveraging Mambu’s cloud banking platform to manage its loan offering to build speedy, personalised service for conscientious property businesses and entrepreneurs in the UK. Ashman successfully secured its […]
LendInvest, the UK’s leading asset manager for property finance, is in the process of launching a new open ended fund with more than £200m in capital already committed from investors. The fund will continue the investment strategy of LendInvest’s previous flagship fund focussed on short-term transactional loans providing the financing for LendInvest bridging and development […]
Brickflow, the digital marketplace for development finance, reports Vast Commercial Finance is the first mortgage broker to use its platform to apply for a Decision in Principle (DIP), and receive the DIP back from the lender in under two hours. The Cardiff-based firm signed up to Brickflow in mid-November and used the tech to apply […]
Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has introduced Automated Valuation Models (AVMs) into its bridging loan process. AVMs are now available on residential bridging up to £100,000 and a maximum loan to value (LTV) of 75%, subject to confidence score and criteria. Unlike the majority of bridging lenders which allow the use […]
eConveyancer has launched a panel management partnership with The Right DA Club. The agreement will provide directly authorised brokers working for The Right DA Club with access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms, as well additional benefits through its feature-rich platform. The Right DA Club is part of The […]
Aldermore’s latest First Time Buyer Index, a survey of 2,000 prospective first-time buyers and 500 actual first-time buyers, has revealed that the next generation of home-buyers have green properties front of mind when looking to make a purchase. Greener homes lead to leaner bills Two out of three prospective homeowners (65%) are looking for an […]
Legal & General’s SmartrFit platform has today revealed that mortgage criteria searches were dominated by niche criteria in October, reinforcing the importance of specialist products, lenders, and advisers. First-time buyers leant on alternative support as we said goodbye to Help to Buy The data reveals that searches for products suitable for Discounted Market Sale (DMS) […]
The specialist lender Atelier has increased the maximum size of loan it can offer to professional property developers, as part of a strategic plan to grow the scale and variety of its lending across the UK real estate market. Atelier has successfully lent £400m since it launched in January 2020, and currently has £250m of assets under […]
New research out today from Smart Money People, the UK’s dedicated financial services review site, has revealed that mortgage brokers have found it difficult to stay abreast of recent changes to lenders’ products and criteria. During October, mortgage brokers were able to share their feedback about the last five lenders they did business with, be it banks, […]
Following the release of their fixed rate limited edition buy-to-let products last week, Precise Mortgages, part of the OSB Group, has today launched new buy-to-let lifetime tracker products, available up to 75% LTV. The new range has been designed to help brokers and their landlord customers with alternative buy-to-let lending solutions which can help around […]
