Hodge has seen a 173% increase in the number of holiday let mortgage applications in 2021 compared with 2020, according to new figures. The new data also found the average holiday let property mortgaged by Hodge has also increased year on year by £50,000 and now sits at £404,000. Coastal locations are still the most […]
A survey of leading global banks by Icon Solutions has revealed that Request to Pay is widely expected to challenge established payment methods, with 87% of respondents viewing it as a good alternative to direct debits and 71% expecting it will reduce merchant’s dependency on payment cards. Yet 67% also identify bank readiness as the […]
Pepper Money has made several improvements to its buy-to-let criteria, including reducing minimum income requirements to £15,000 for existing landlords, and lifting some restrictions around limited companies. The specialist lender has also introduced additional changes to make its buy-to-let proposition accessible to a broader group of customers. These include allowing gifted deposits, reducing the required […]
The British Business Bank today announces a new partnership with the Royal National Institute of Blind People (RNIB). The Bank will be working with the RNIB to help create an environment where blind and partially sighted people participate equally, breaking down barriers to the business world for people with sight loss. Only one in four […]
Investment figures released by Flanders Investment & Trade today show that, after a challenging start to 2021, many British companies are now using Brexit as an opportunity to safeguard and expand their businesses on the European continent . A year on from Brexit becoming a reality, Flanders’ Minister-President Jan Jambon has today announced record investment […]
Permanent placements rose at the steepest pace for three months amid reports of strong demand for staff, however, pandemic-related concerns weighed on the amount of work available for short-term staff, according to survey respondents, with the rate of increase in temp billings easing to the weakest since the current period of expansion began in September […]
Bank North, the UK’s first truly regional business bank of the modern era, has commenced lending from its first regional pod in Manchester, hot on the heels of signing a debt facility with Insight Investment in December 2021. The £1m loan has been used to refinance a South Manchester multi-tenanted industrial estate which is home […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across its mortgage product range. The lender said it is offering 2.84% on its most popular product – a five-year, fixed rate, standard buy-to-let mortgage at 75% LTV – for properties with a D or E rated energy performance certificate (EPC). It […]
Artificial intelligence should be harnessed to work out biodiversity net gain for sites of 50 homes or less, urges the National Federation of Builders, NFB. The call follows the government’s consultation released today on restoring ecological loss during housing construction and delivering a ten per cent boost on biodiversity post-development. NFB head of housing and […]
Fiduciam, the market place lender specialising in short-term and development loans, has secured £400m of new funding to be deployed in 2022. As a result, it will expand its operations and lower interest rates. Its interest rates now start at just 0.55% per month for bridging loans, 0.57% per month for permitted development and conversion […]
29/12/2021
Edition 296 – December 2021
Cash is freedom By Business Money group editor Robert Lefroy NACFB Gala Dinne...
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