Category: Buy-to-let

Accord cuts buy-to-let rates

Highlights in the new range include a 2-year fixed rate at 1.90% which is available for landlords buying a new property who require 75% LTV.

The combined turnover for both divisions was £28.3bn in 2018, an increase of £8bn on 2017’s figure of £20.3bn.

Without a product fee at 60% LTV with a minimum loan of £35,000 and maximum of £1m, there will be a 2.33% 2-year fixed rate and 2.41% 5-year fixed rate.

By allowing research on residential and buy-to-let lending policy rules across the market, Criteria Hub said it offers time saving efficiencies, whilst enabling brokers to find the best possible solution for their clients’ circumstances.

The instant messaging service will now be geared up to answer technical and system support questions, as well as products and lending criteria, procuration fee and registration queries.

The Insurer already has rent protection product and landlords insurance.

Purdy has a background in personal and commercial finance and in this role aims to expand the distribution of its residential, commercial, buy-to-let and bridging finance. She joins from Octopus Property where she was a business development manager, covering the North of England.

This is the highest figure recorded since September, when 31% of tenants were experiencing rises and year-on-year the figure is up 7% from January last year.

Landbay partners with MCI Club

The partnership will offer MCI Club’s intermediaries a range of products appropriate for portfolio landlords, HMOs, MUFBs, first-time landlords, limited companies and new build properties.

First Mortgage NE hires seven

A team of 25 works across the company’s eight North East branches in Gateshead, Newcastle, Sunderland, Chester le Street, Northumberland, Middlesbrough, Darlington and York.