Zephyr Homeloans, part of Computershare Loan Services, has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the total number of IMLA members to 43. Paul Fryers, managing director, Zephyr Homeloans, will be the company’s representative at IMLA meetings. Zephyr Homeloans is a dedicated buy-to-let lender, providing a range of mortgage […]
Private sector investment can be a major driver of the UK’s ‘infrastructure revolution’, says the CBI, at a time when public purses have been stretched by unprecedented Covid-19 support measures. Government spending plans unveiled in March’s Budget included historic £640bn infrastructure pledges designed to revitalise Britain’s roads, railways, broadband and housing as part of the […]
A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer’s £125k auction purchase deposit and provided additional funding on a part-finished development. Completed in just 15 days at 0.49% for six months on the lender’s stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one […]
The boom in online shopping during the coronavirus pandemic has seen more than one in seven UK retailers (15%) create roles specifically to cater to an increase in digital sales and boost online capacity, according to a study of over 300 senior retail executives conducted by Barclays Corporate Banking. With £3 in every £10 now […]
The Emerging Payments Association (EPA) is delighted to announce the appointment of experienced business leader and commercial mind, Ben Agnew, as its new chief executive officer. For over 15 years, Ben has excelled in the events, digital and marketing services space. Credited for his work in restructuring commercial operations at Informa, his most recent role […]
Castle Trust Bank has launched a new range of buy-to-let products up to 75% LTV, with instant terms available from the lender’s BDMs. The products are available as 2-, 3- and 5-year fixed rates, with an automatic switch to a variable rate for a total term of 10 years. Rates start at 4.19% for 2-year […]
UK Export Finance (UKEF) enabled Coriolis Technologies, a UK tech start-up based in London, to double its revenue during Covid-19 by protecting a major export deal using its export insurance support. Coriolis Technologies provides data intelligence to the trade finance sector and 80% of its revenue comes from international business. The company recently secured a […]
A sea view hotel on the South Devon coast is to make way for a series of modern ‘staycation’ apartments in a £3.3m re-development project. Lantern Lodge Hotel, based in Hope Cove, Devon, will be replaced by 14 new modern apartments by Trinity Square Developments. Nine of the new units – which will provide guests […]
Covering the four weeks 2 – 29 August 2020 In August, UK retail sales increased 4.7% on a like-for-like basis from August 2019, when they had decreased 0.8% from the preceding year*. On a total basis, sales increased by 3.9% in August, against a decline of 0.4% in August 2019*, It is above the 3-month […]
Lenders continuing to tighten criteria is clearly still a significant issue for people with small deposits, as Knowledge Bank recorded that ‘Temporary Maximum LTV Restrictions’ topped broker searches last month for the sixth month running. While there is much news about lenders introducing or pulling new products this clearly shows that LTV restrictions are having […]
