Category: News

Jeynes joined the protection platform in 2015.

Additionally Paragon has increased procuration fees on switch products from 0.25% to 0.30%. Further advance proc fees remain at 0.50%.

Research found that whilst just 14% of landlords are seeking to purchase property over the next 12 months, over half of those (55%) will do so via a limited company.

It has been reported that while estate agents must be registered for anti-money-laundering purposes, developers who set up their own staffed sales offices on sites do not.

Leek United expands team

Leek United has made five new appointments in total.

UK Finance attributed this to “a slight drop in the number of fixed-rate mortgages coming to an end and the growing popularity of product transfers”.

This comes after previous research found that the number of false applications being detected had seen a year-on-year increase of 117% in 2019.

The scheme, run by Unmortgage, allows first-time buyers to buy a share of a property without a mortgage and pay rent on the rest.

Leek United will become the 25th mortgage lender to utilise LMS’ unique ‘Panel Link’ service.

The index concluded that the bridging sector has been the beneficiary of increasing ‘professionalism’ from both lenders and borrowers.