Alternative Bridging Corporation has cut the rate on its bridging loans up to 70% LTV to just 0.60%. This rate cut is the latest proposition enhancement from Alternative Bridging, which recently launched a new range for light and heavy refurbishments on residential and commercial property, and has continued to invest in supporting brokers with a […]
Hope Capital has today unveiled it has enhanced its Discounted Rate Loan product with rates now starting from just 0.39% per month, the lowest ever bridging loan rate launched by the lender. The firm is now offering the option of a discounted rate whereby the initial 3, 4 or 6 months is at a reduced […]
Pepper Money has increased the maximum LTV on its Pepper 60 buy-to-let offerings. The specialist lender has optimised its offering, expanding its 85% Residential LTV, which is now available to customers who have had adverse credit registered over 24 months ago with the release of their Pepper 24 offering. Furthermore, the maximum buy-to-let LTV on […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has cut rates across its 75% LTV product range by up to 15bps. Five-year fixed rates now start from 3.10% at 75% LTV on individual and limited company with HMO & MUFB two-year starting from 3.39% and five-year from 3.48%. The changes in full are as follows: Individual […]
Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Cash Advance (BCA) to support more SMEs as England eases Covid-19 restrictions. With SMEs showing high demand for finance as they prepare for post-lockdown trading, the fintech lender has made a number of changes and new additions to […]
Complex buy-to-let lenders were rated 96% for their flexibility by brokers. Mainstream buy-to-let lenders were rated 87% for flexibility. Overall, lenders across all categories scored a rating of 79% for flexibility. When asked what they liked about the lender they had placed a complex buy-to-let application with, one broker commented: “Flexibility and the underwriters look […]
Investec has increased the interest rate on its 32-Day Business Notice Account from 0.65% to 0.75% AER, moving it to the top of the best-buy table for notice business deposit accounts with a similar term, and joint first place when comparing across all notice periods. It also has the lowest notice period of the 24 […]
Hodge has today made some changes to its Portfolio Buy to Let (PBTL) loans, including increasing its maximum LTV to 75%, as well as increasing the LTV for multi-unit freehold blocks (MUFB) for up to 15 units to 70%. The specialist lender has also introduced a variable rate product which will have a rate of […]
365 Business Finance has formed a new partnership with credit solutions provider CRIF Realtime, the creator of Credit Passport, as part of its mission to assist SMEs with flexible funding and services. Since the easing of lockdown restrictions from April of this year, 365 Business Finance has experienced a 22% increase in the number of […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across the majority of its products. Zephyr’s new rates for its five-year, fixed-rate, standard property BTL mortgage products start at 3.04%, with rates reduced by up to 0.25%. Its two-year, fixed-rate, standard BTL mortgage products start at 2.84%. The lender’s rates for […]
15/06/2021
Edition 292 – May/June 2021
Adios Amigo By Business Money group editor Robert Lefroy So much happening on...
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