MagiClick has been appointed by Precise Mortgages, (part of leading specialist bank OSB Group) to create and deliver a website designed to enhance and improve the whole digital experience for their borrowers and broker partners. Earlier this year, Precise Mortgages engaged MagiClick for a consultancy ‘discovery’ project to support its goals of improving digital services […]
Loan sizes offered to buy-to-let borrowers have plummeted in the last six months, as rising rates have pushed up stress tests and negated the benefit of stressing rental income at pay rate, which was previously available from some lenders. This is according to data analysis by, broker research platform, Mortgage Broker Tools (MBT), which compared […]
Together has today re-launched its two year fixed rate personal and commercial finance products to help more clients realise their property ambitions. The specialist lender has re-introduced its two year fixed personal finance products at the same time as its two year fixed rate buy-to-let (BTL) mortgages, both on first and second charge. It has […]
Specialist lending firm Somo | Bridging has announced the launch of its much-anticipated, one-day-only Black Friday 2022 event on Friday 18 November, which give borrowers a massive 90% refund on valuation costs. Somo’s famous Black Friday event is specifically designed to give back to the borrower, support brokers in getting deals over the line and […]
Brokers say that more than a quarter of their landlord clients plan to sell properties as a result of the current Buy to Let environment, according to research by broker forum, cherryplc.co.uk. A survey on the popular broker forum has revealed that 28% of landlord clients are planning to sell properties, while 39% of buy-to-let […]
Market analysis by Unlatch, the new homes sales progression and aftercare platform for developers and housebuilders, reveals that a -16% drop in construction workers is just one of many challenges currently facing Britain’s housebuilding industry; a list that includes the rising cost of materials and the notorious EWS1 form. A declining workforce Over the past […]
Buy-to-let affordability searches have risen by nearly a quarter in the last month as the average loan size offered by lenders has fallen, according to Mortgage Broker Tools (MBT). Data from the broker research platform shows that the number of affordability searches for buy-to-let increased by 22% between September and October, while the average loan […]
Castle Trust Bank has relaunched its TermTen Buy-to-Let product to offer brokers and their clients greater choice and more certainty. The revamped TermTen now offers two arrangement fee options, giving brokers greater choice in selecting the most suitable product for their clients. Option one has an interest rate of 7.15% up to 75% LTV, with […]
The latest research by Alliance Fund, the end to end real estate fund, estimates that the UK’s commercial property sector will see transaction levels dip by a fifth this year, following initial signs of a revival in 2021 following the pandemic. Alliance Fund analysed historic data on the volume and value of transactions, as well […]
With the Bank of England expected to increase Bank base rate later today (Thursday 3 November), Savills has issued new five-year house price forecasts for both the prime and mainstream markets. As borrowing costs rise, the housing market will diverge between the mortgage-dependent mainstream markets and the prime markets, broadly the top 5-10% by value in […]
