Paradigm firms will be able to use Furness’s products, which include mainstream residential and a range of buy-to-let options.
Figures from UK Finance show that in November 2017 there were 34,800 new first-time buyer mortgages, 15.2% more year-on-year while there were 6,600 buy-to-let house purchase mortgages, 1.5% less year-on-year.
Two thirds of private tenants in London (64%) would rather own than rent while more than half (52%) feel the possibility of ownership has decreased over the last year, research from Kinleigh Folkard & Hayward has revealed.
Buy-to-let landlords are increasingly looking to invest in products which protect their portfolios, despite steadily rising costs in recent years, tenant referencing and insurance provider FCC Paragon found.
A range of new 90% LTV residential mortgage products have also been launched, with reduced rates on 2 and 3-year fixed rate products.
On 4 April the business will float on the Aim market, a subsidiary of the London Stock Exchange.
UK challenger bank, Gatehouse Bank has launched a Shariah-compliant home finance platform, enabling intermediaries to process home finance and buy-to-let applications from enquiry through to completion quicker.
Together has lowered the rates on its range of buy-to-let mortgages and simplified its process for brokers when submitting portfolio landlord cases.
The bond has a fixed rate of 5.375% for 5.5 years and comes seven months after LendInvest launched its first bond, which raised £50m.
Retirement Advantage’s ‘Home Is Where The Wealth Is’ report found that only one in three (35%) were likely to consider it, with 62% saying they were unlikely to.