Michael Lloyd

In England, private rental prices grew by 1.2%, Wales experienced growth of 1.1%, while in Scotland private rental prices increased by 0.7% in the 12 months to April 2019.

The products will be available on standard property cases up to 75% loan-to-value and up to £250,000 in loan size.

The loan involved a 500-bed student accommodation in northern England with a substantial development component.

The average financial contribution is £9,050 per child, with nearly a 10th (9%) giving over £20,000.

Chestertons’ lettings division increased its revenue by 17% year-on-year.

Just Mortgages has placed £2.4bn of lending through Openwork.

The FCA said it will identify lenders with these business models and then look into how customers are affected and what, if any, action it will take.

James Bloom, managing director of short-term lending at Masthaven Bank, said borrowers have been opting for longer-term bridging deals for more certainty by looking for 18-month non-regulated loans for both bridging and development.

The programme is supported by Goldman Sachs Private Capital and was originally launched in January 2017 to fund the origination of residential and commercial bridging loans.

Brokers instructing remortgage and conveyancing cases from April 1 automatically earn points through their GWlive case management system.