Interestingly the top searches within equity release have shifted in recent months from factors affecting the loan to considerations relating to the property itself.
The mortgage is available throughout the UK including Northern Ireland with a loan size between £150,000 and £750,000. The product is designed to support owner occupier borrowers and commercial landlords who have identified new investment property and seek quick access to funding, offering flexible repayment options including interest-only, repayment or part and part.
Around 30% of consumers miss out on cheaper mortgages that are just as suitable, costing them an estimated £550 a year.
The patronage will raise the bank’s profile among the NACFB’s membership further. The NACFB has over 1,650 commercial finance and asset finance brokers as members, covering the whole of the UK.
Nationwide Intermediary Solutions scooped Lender of The Year, Carrington took home Overall Broker of the Year and Aldermore won Specialist Lender of The Year.
The company’s average loan size is £380,000 and it advises first-time buyers, remortgages, buy-to-let, bridging, commercial, overseas mortgages, while it is working with an international private finance company.
The merger will unite specialist mortgage brands Precise Mortgages and Kent Reliance, part of One Savings Bank, as they will both report to Alan Cleary, managing director of Precise Mortgages.
Adam Tyler, the executive chairman of FIBA, will chair the forum and will be joined by a panel representatives from Octopus Property, Connect Mortgages, MT Finance and Knowledge Bank to answer questions from intermediaries.
They will also be supporting with bridging, second-charge, commercial and development finance enquiries.