Jake Carter

Jake Carter is News Editor of Mortgage Introducer, Bridging Introducer and Specialist Finance Introducer
btl rent

The number of lettings professionals reporting an increase in arrears over the past year has halved from 64% to 32%, with 14% reporting a decrease in arrears.

cut rates rate

Francesca Carlesi, chief executive of Molo, said: “Lowering our prices gives landlords excellent options, whether they’re purchasing a property as an individual or a limited company.”

boom prices new business volumes

As a result, the number of new agreements in July was 2,433, and the value of this new business was £101m.

FCA

The changes will help to prevent scams and to ensure the Financial Services Register presents a clearer picture of the permissions firms hold.

btl hmos

Earlier in the summer TML added a raft of new 80% LTV products to its core BTL range and reduced its minimum loan value to £25,001.

launch

The specialist lender has partnered with TMP The Mortgage People for the pilot.

Lyndsey Simpson, chief executive of 55/Redefined, said: “55/Redefined is delighted to be working with Fluent Money providing access to mortgages and loans for over-55s.”

Tenet’s network of 700 mortgage advisers positioned across the UK are now able to access Habito’s extensive range of 2-, 3-, 5-, 7- and 10-year fixed rate BTL mortgages.

Agreed sales also declined at the same time – with a net balance of -18% reporting a fall.

cut rates

Lewis Benson, area manager at The Cumberland, said: “We change our rates all the time because as a mutual organisation we are always trying to get the best deal for our members.”