Habito has received a lending commitment of £500m by an ‘FCA-regulated institution’, while it said it expects more investors in future.
Knight Frank’s later life team will be headed by David Forsdyke.
The number of landlords with one rental property fell from 78% eight years ago to 45%. Meanwhile 17% of landlords now own five or more properties, a 12% increase since 2010.
Research from lettings and estate agent Benham and Reeves has found there’s been 13 fraudulent applications per month in 2019, up from six in 2018.
Last month 61,755 new properties came onto the market, down from 63,001 in May 2019.
It added that some lenders conceal default interest rates by setting a very high standard interest rate that is discounted if payment is made on time — meaning the default interest rate, if payments are late, is labelled as the ‘standard’ interest rate.
The NMBA, which already operates financial adviser and paraplanner apprenticeship schemes, will take on its first cohort of mortgage adviser students this Autumn.
Keystone provides finance to buy-to-let landlords with standard and complex cases across a wide range of investment property types.
The customer had completed a major refurbishment of their main residence utilising funds raised via two buy-to-let properties, credit cards and personal loans.
Lowndes has been at the London brokerage 10 years, from which time the firm has grown from a startup company with 50 staff to broking almost £1bn of mortgages per year.