Brokers need to put more processes in place to counter increased due diligence from bridging lenders in the wake of uncertainty following Brexit, Brian Rubins, managing director of Alternative Bridging Corporation, has claimed.
The Northern Lights Awards, part of the annual conference, highlight the collaboration between and within companies in the Northern Powerhouse geographical area.
3mc has launched a buy-to-let mortgage deal funded by Precise Mortgages targeting houses in multiple occupation (HMOs) available for individuals and limited companies.
According to the ASTL this explains why applications increased by 34% year-on-year in 2016 but the value of loans written only rose by 9.4%.
Last year the Wirral-based lender increased its turnover by 102% and BFS anticipates similar growth this year.
United Trust Bank’s former head of bridging joined part-time but expects to play a significant role in helping Fintex enter the UK market, as the business has already funded lenders in Europe.
The loan is based on gross development value, not loan-to-value – and is available up to 70% GDV.
The specialist lender pledged to make improvements across its entire suite this year to buy-to-let, commercial, refurb and development.
Distributor Finance 4 Business has launched a new range of bridging products.
Research from Market Financial Solutions found that property buyers in the capital were three times more likely lose out on a property purchase to a rival buyer than the rest of the UK.