FEATURED NEWS

Skipton International extends UK buy-to-let mortgages to foreign nationals

February 18, 2019

Previously the offshore lender only offered UK buy-to-let mortgages to British expatriates.

Hanley launches 1.84% no fee 2-year buy-to-let fix

February 18, 2019

The product is available for purchase or on a remortgage basis. There are no application or product fees on this deal, and the minimum loan amount is £30,000, with a maximum of £500,000.


News

Over 65s have nearly five times as much in their property than pensions

February 18, 2019

At a time when the average retirement lasts 18 to 20 years and with an expected income of £24,000 needed a year, if retirees have no other savings, the average pension will last less than two years, even when taking into account state pension payments.

Barclays to cut rates

February 18, 2019

For the residential range there’s two products, both at 95% LTV, no product fees, a minimum loan of £5,000 and maximum of £400,000. One is a 2-year fix that will be reduced from 2.86% to 2.77% and the other a 5-year fix to be cut from 3.35% to 3.31%.    

Kensington Mortgages cuts residential rates

February 18, 2019

On Kensington’s select and young professionals range, rates now start from 2.89% on a 2-year fix at 75% LTV, a reduction of 0.25%. Similarly, 3-year fixes now start at 3.19% on 75% LTV and 3.34% on 80% LTV – a reduction of 0.15%.

The New Model Business Academy enrols 100 apprentices

February 18, 2019

The scheme which is the not-for-profit training and development division of The SimplyBiz Group, launched last year, and has so far operated five fully subscribed cohorts.  

Blogs

Mortgage Introducer

London brokers increasing their amount of international bridging

Based on observations and conversations over the past year, there appears to have been an increase in the search for international funds coming through London brokers.

Bob Hunt

The relationship between lender, broker and borrower

The relationship between the various parties involved in the mortgage process is pretty complex – even if you might be able to boil it down to a simple lender-borrower relationship, that’s unlikely to be the whole truth, and nothing but the truth.


Paradigm Protect partners with MetLife

February 18, 2019

From today, a selected number of Paradigm Protect member firms will have access to MetLife’s individual protection offering, MultiProtect.

Octopus Property launches unregulated bridging product

February 18, 2019

The product covers bridging loans between £100,000 to £500,000 at a maximum 70% LTV at a rate of 0.6%. The term is 12 months and there are no exit fees. 

Equifinance hires regional sales manager for the north

February 18, 2019

Thomas has experience in the lending sector having worked for Digitonomy as channel manager for the last three years and historically Together Money, Norton Finance and The Funding Corporation.

buy-to-let News

Skipton International extends UK buy-to-let mortgages to foreign nationals

February 18, 2019

Previously the offshore lender only offered UK buy-to-let mortgages to British expatriates.

Hanley launches 1.84% no fee 2-year buy-to-let fix

February 18, 2019

The product is available for purchase or on a remortgage basis. There are no application or product fees on this deal, and the minimum loan amount is £30,000, with a maximum of £500,000.

Mortgage Introducer

Flexible working doesn’t just mean working from home anymore

Collective working spaces were set up to meet the growing criteria of businesses wanting to offer their employees more than just a desk.

Mortgage Introducer

Foreign buyer tax is another nail in the coffin for investors

An extra tax right now is surely going to result in foreign investors looking to other markets.

Mortgage Introducer

Opportunity knocks

Don't ever be afraid of working for yourself and don't ever let someone talk you out of doing it either.

Mortgage Introducer

Stuck in the past?

With Open Banking, lenders – for the first time – can make an affordability assessment that is extremely accurate.


There’s more mortgage possessions and fewer landlord possessions

February 14, 2019

Although large percentage increases have been seen in mortgage possession actions, they remain within a range consistent with volumes seen across the previous four years, whilst landlord possession actions continue to follow the long-term downward trend.

Brokers expect the least amount of growth since 2008

February 14, 2019

Paragon’s latest Financial Adviser and Confidence Tracking (FACT) Index has found Brexit uncertainty has and will continue to weigh heavily on the UK’s housing market at least until current political negotiations point to a more definitive outcome.

LendInvest achieves record month for signed buy-to-let applications

February 14, 2019

The lending operations team has grown from 21 in February 2018 to 37 this month, through a combination of internal promotions and external hires.

Jonathan Sealey

Communication is key to successful short-term lending

While bridging loans offer a range of solutions, they also present a number of challenges.

Mortgage Introducer

Scale without sacrifice

Broker-friendly tech platforms will prove to be a great enabler.

Mortgage Introducer

2019 – connectivity and the consumer

While there have been many advances over the past 12 to 18 months, the main innovation is yet to come.