Category: Buy-to-let
Former Blackpool and England player Stewart, who is based in the area, has been approached by a consortium of businessmen to lead their takeover bid.
Leicester-based Cambridge & Counties Bank and RPF have had a long and successful relationship, with the broker working closely with the bank since it was launched in 2012.
More than half (55%) of landlords said they their level of profitability has been affected since changes to the buy-to-let market were announced in 2015.
SmartrCriteria offers advisers 394,000 criteria outcomes from more than 95 lenders across the residential, buy-to-let and new build sector, to enable them to arrive at the best possible outcome for their clients as quickly as possible.
In total, 97% of landlords now choose a fixed rate. The popularity of 5-year fixed rates is likely linked to less stringent tests and the promise of a greater degree of stability in the current, uncertain economic climate.
Recently launched by leading financial services administration firm Computershare, Zephyr Homeloans considers applications for purchase or remortgage, from individuals and limited companies on single properties, HMOs, multi-unit freehold blocks, new builds and flats above commercial premises.
This is calculated on an interest only basis at 4%, which the society said will make the rental income requirement “less onerous”.
At the same time the society has increased the maximum age at the end of the term from 75 to 83 and raised the maximum term of the mortgage from 35 to 40 years.
McLoughlin is The Mortgage Lender’s second onsite underwriter appointment. She joins from Capital Home Loans where she has been operations manager for the last two and a half years.
The Build to Rent site, known as Chelmer Waterside, forms part of a major mixed-use development in Chelmsford which will provide a landmark urban regeneration scheme for the city.