Category: News

Pure Funding Solutions’ owners Daniel Churchill and Craig Hardiman-Scott have worked with Octane’s founders for years.

Almost half (44%) of the 82 property investors questioned cited affordability as the main barrier to getting mainstream funding.

Clever Lending is a packager focusing on first charge, second charge, bridging and commercial loans, while The Mortgage Lender provides products for non-standard borrowers.

New rates include a 2-year fix at 1.34% to 85% loan-to-value, a 5-year fix at 1.84% to 75% LTV and 1.99% to 80% LTV, all with a £999 fee.

Over 90% of advisers believe that having a protection conversation with their customers is a moral obligation.

In Manchester prices have risen by 8.4% in the year to April 2017 to average £155,000.

The society has also introduced a buy-to-let 5-year fix for purchase and remortgage at 3.25% to 75% LTV with a completion fee of £1,300 and application fee of £199.

Compared to then homes in Battersea are selling for 25% more at £945,724, outstripping growth in both its borough of Wandsworth (7%) and London as a whole (18%).

The bank signed a deal with Brightstar last month making its mortgages available to Mortgage Advice Bureau members, but its mortgages are now available to over 7,000 intermediaries that work with Brightstar.

This still amounted to 4% more gross lending than the £17.7bn recorded in April last year.