Impact Specialist Finance, the leading specialist packager and distributor, has launched a brand-new buy to let mortgage range via MT Finance. This range is only available through a select group of packagers, which includes impact Specialist Finance. The products include a 125% income coverage ratio, they are available to first time buyers and also allow […]
New research from criteria search specialist Knowledge Bank shows that of the 1,500 criteria updates on their system in July almost 40% were in the buy-to-let sector. In second place was the residential sector with 30% of the month’s changes followed by bridging with 23%. Knowledge Bank’s criteria tracker reveals brokers’ most common criteria searches […]
The property sector across the UK is set for a £3bn boost as specialist bank GB Bank officially launches after receiving its full UK banking licence. The banking licence allows Middlesbrough-headquartered GB Bank to start driving its ambitious plans forward. It has committed to lend £3bn over five years. The funding will support the creation […]
Hampshire Trust Bank (HTB) has made positive changes to its holiday let proposition, in a move which highlights its appetite in this area of specialist buy-to-let lending. HTB has increased three of its limits relating to short-term let (i.e. holiday let) properties: the maximum number of short-term lets allowed in a single portfolio is now […]
The latest market analysis by Revolution Brokers has revealed which of the nation’s holiday let rental markets provide the best investment option when compared to the more traditional rental market and the yields on offer. Revolution Brokers analysed the average rent secured on a holiday let in 21 areas of the UK, the cost of […]
eConveyancer has launched a panel management partnership with Connect IFA and Connect for Intermediaries. Established in 1998, Connect offers a full range of specialist mortgage services for intermediaries. In March 2022, it sold a significant stake in the business to Mortgage and Surveying Services (MSS). Connect currently has over 300 Appointed Representative (AR) advisers, a […]
Steve Clayton, fund manager at HL Select: “A slew of Chinese data has been released showing the Asian giant’s economy lagging behind forecasters’ expectations. Industrial production, retail sales, fixed-asset investment all came in below estimates, whilst youth unemployment reached a record level of 20%. China’s central bank lowered interest rates on a series of key […]
A webinar poll conducted by Hampshire Trust Bank, the specialist bank, has revealed that the holiday let mortgage market is still extremely popular with investors despite the easing of Covid-19 lockdown restrictions. Over half (55%) of broker respondents said they had written a holiday let case over the past 12 months. 84% of respondents said […]
SHW’s South East Office Focus Q3 reports that, following a tough 2021, the first half of 2022 has seen a dramatic improvement for many locations across the region. Tim Hardwicke, SHW’s partner and head of agency, comments: “A number of companies have relocated to improve the quality of their offices, whilst taking the opportunity to […]
Bridging and development finance lender, Kuflink, has further enhanced its criteria with the introduction of self-instructed AVMs via Hometrack for residential property cases. Brokers, once registered with Hometrack, can now instruct an AVM for any residential bridging deal with a maximum loan size is £300,000 and an LTV of 80% or below. The AVM costs […]
