Paragon Mortgages research has shown the buy-to-let market continued to grow in January.
The Buy-to-Let Index revealed that seven out of 10 regions experienced property value increases, with average growth of 0.68 per cent, while rental incomes were up 1.22 per cent on December.
Overall, the average property value has increased by 5.13 per cent since January 2005.
TMB revamps product rates
The Mortgage Business (TMB) has launched a portfolio of mortgage rates and changed its rental yield requirements on its buy-to-let products.
Among the products that have been launched are a two-year self-cert fixed rate mortgage deal at 4.99 per cent, while its range of multi-buy-to-let trackers will be based on rental yield of bank base rate plus 0.75 per cent.
Pink promotes personnel
Pink Home Loans has announced a number of promotions within its internal mortgage team to take affect from 3 April 2006.
Kay Leslie will become associate director of compliance, Lisa Hurley is made head of finance, while Dev Malle is promoted to director of sales.
ifs opens registration for CeCM
The Institute of Financial Services (ifs) has opened registrations for its Certificate in Commercial Mortgages (CeCM).
The single module qualification addresses the fundamentals of commercial mortgages and the key differences between advising business customers and personal customers. It includes the common types of products and schemes; the legal and regulatory framework; and risk management in the various commercial sectors.
Synergy joins the Exchange
The Exchange has gone live with its 20th protection partner with the addition of Synergy Financial Products Limited.
It is expanding its online protection comparative quote and application service for its 21,500 subscribers and Synergy Protect offers a menu-based protection product combining a range of life, critical illness, sickness and accident and unemployment options.
Dashboard launches ‘Lite’ version
Dashboard Software has announced the launch of ‘Dashboard Lite’, a web-based back office system catering for the smaller mortgage broker covering the complete client and product cycle from enquiry through to completion. It is available both as a solution for packagers to offer to their own brokers or direct to broker firms themselves, from £25 per user per month.