Metro Bank has today launched its latest specialist lending product, Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB). These new products further cement the bank’s buy-to-let product range which is also available to limited company applicants. The new products will largely follow the same criteria requirements as the bank’s core buy-to-let offering, ensuring […]
Allica Bank – the challenger bank for established businesses – has expanded its broker proposition and will now offer commission for brokers successfully introducing its business current account to clients. The business bank, which launched its business current account in 2023, is recognising the expanding role of commercial finance brokers, whose clients are increasingly relying […]
United Trust Bank (UTB) has launched new Base Rate tracking easy access accounts for business and charity customers currently paying 4.05% Gross* inclusive of a fixed introductory additional bonus rate of 0.55% payable for the first 6-months from account opening. The Business Easy Access Tracker and Charity Easy Access Tracker both pay interest at the Base […]
LendInvest Mortgages (LSE: LINV), a leading UK fintech platform dedicated to alternative property lending, has announced a rate reduction across the entire suite of buy-to-let mortgage products. Today’s reductions see their lowest initial rate on the product line for 3 years. The lender’s 2-year fixed rates on all variations, and 5-year fixed and 7-year fixed […]
Valuation panel management firm VAS has launched the VAS Lender API for its lender clients to transform efficiency, streamline communications, and support with data collection. A year in the making, the VAS Lender API is a transformative tool for lenders, enabling seamless management of valuation requests through technology. This innovative system is designed to reduce […]
Moneybox, the award-winning wealth management platform, has today announced the launch of its Business Saver, an easy access savings account designed to help sole traders and small to medium sized limited companies (SMEs) earn interest on cash reserves and build long term financial resilience. With a competitive 4% variable interest rate, no fees, and a […]
Bridging lender, SDKA has increased its Semi-Commercial LTV to 75% to meet increasing demand from developers turning semi-commercial properties into residential residences to take advantage of the non-residential Stamp Duty Land Tax (SDLT) rates. Under current SDLT thresholds a residential property purchased for £200k would incur an £11.5k payment, whereas a semi-commercial building would result […]
Gatehouse Bank has today announced a rental rate* reduction of 0.12% on its two-year fixed term buy-to-let (BTL) Purchase Plans for UK Expats and International Residents. Changes apply on standard and green two-year products, including those for customers seeking finance for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications […]
LendInvest Mortgages (LSE: LINV), a leading UK fintech platform dedicated to alternative property lending, has announced a rate reduction on all of its buy-to-let (BTL) products by 10 basis points (bps), with the lowest rates starting at 3.44% on a 2-year fixed term. The rate reduction will cover the company’s entire line of BTL products, including […]
MT Finance Group has announced the launch of its new commercial mortgage business. Backed by a £2.5bn forward flow facility from J.P. Morgan, this venture is focused on becoming the leading lender in the commercial real estate market. Building on MT Finance’s established expertise and reputation in the specialist finance market, the commercial mortgage business […]
