British Land’s property portfolio has taken a 10.8% value write down, to £9.1bn, while underlying profit fell 34% to £204m as rental income fell.
BEP Systems’ Apprivo2 platform will be used to deliver a SaaS based originations system, specifically designed for CHL Mortgages.
The rate reductions mean that the specialist buy-to-let lender’s core range now starts at 3.09%.
As of tomorrow its 90% loan-to-value (LTV) 2-year and its 60% LTV 5-year fee free fixes will be reduced.
The average landlord in the capital sold their buy-to-let for £302,200 or 71% more than they originally paid for it, having owned the property for just under 10 years.
The Coronavirus Act 2020 brought into effect some legal changes that landlords and their brokers may not be aware of when undertaking possession proceedings.
Mortgage Introducer and MBE will deliver a programme that will provide insight into the latest topics affecting the mortgage, property finance and later life lending markets as well as the overall economic outlook.
Paragon’s new report, Driving Standards in the Private Rented Sector, highlights how the standard of property in the sector has improved over the past 10 to 15 years.
Excluding London, average monthly asking rents across the country are at a record high of £982 per month, up 4.2% since March 2020 – the highest annual rise since 2015.
The arrangement will allow advisers within the New Leaf network access to CHL Mortgages’ new BTL range.