Landbay is reducing rates by up to 60 basis points across its range of buy-to-let mortgages for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). The loan-to-value is 75% for these products and includes Landbay’s variable fee structure of between 2% and 3% for increased affordability around the interest coverage ratio (ICR). In addition, […]
Funding 365 has today pledged to rebate property valuation fees to increase cashflow for borrowers using its bridging products to buy property at auction between 25 January and 30 June 2023. The offer applies to Funding 365’s unregulated, first charge bridging loans up to £10m in value secured against residential investment, semi-commercial and commercial property […]
Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft assets to meet the demand from its brokers and customers. The bank is offering financial support to help businesses finance soft assets, which may include the acquisition of IT, telecoms or security […]
Metro Bank has launched a digital car loan product under the RateSetter brand to enter the sizeable and growing vehicle financing UK market. The loans are hire purchase loans for used cars and are currently available through motor brokers using market-leading RateSetter technology. CarFinance 247 and Motion Finance are the first brokers to pilot the […]
Landbay has made further reductions of up to 30 basis points on its five-year fixed rate Special Edition buy-to-let mortgage range. Rates start at 4.29% and the reductions apply to standard properties with LTVs of 55%, 65% and 75%. There is a variable fee structure of between 2% and 7% to help with affordability and […]
Now that Hampshire Trust Bank’s (HTB) service levels are back within SLA, it is launching two new specialist five-year fixed rate residential and semi-commercial products, for professional landlords borrowing up to £25m, with differing Early Repayment Charge ‘ERC’ profiles. The bank has introduced these products to support more borrowers to achieve the leverage they require […]
Buy-to-let specialist lender Landbay is lowering the rates on two-year fixed rate mortgages and reducing its income cover ratio (ICR) requirements for basic tax rate borrowers. This is the second interest rate reduction of 2023 for Landbay, with its two-year fixed rate range falling by up to 0.30% for standard, small HMOs and MUFBs plus […]
Black Business Recommendation is proud to announce the £10,000 interest-free business development loan opportunity – One lucky black-owned business owner will secure the funds to assist with their business growth with an aim to promote the philosophy of ‘doing for self’. This fantastic opportunity has been devised to encourage the development of black business economic […]
Castle Trust Bank has revamped its bridging range, introducing a number of new enhancements including the ability for fees and interest to be added to the loan above the maximum Net LTVs. The specialist bank has improved the criteria on its Light Refurb and Heavy Refurb Bridge products to include Net LTV calculations, meaning that […]
Hodge has introduced two short-term fixed rates on its Specialised Residential Investment (SRI) finance product along with a new 5-year fixed rate of 6.25%, as well as introducing a longer term variable rate option. After taking feedback from clients and brokers, who said in the current climate there was an appetite for shorter fixed term […]
30/01/2023
Edition 304 – December/January 2023
Those usual suspects By Business Money group editor Robert Lefroy TCA: Two ye...
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