Aldermore bank has today increased the rates on a range of its fixed rate business savings products. The following business savings rates will be available immediately: 6 Month Fixed Rate – increase from 0.55% to 0.75% 1 Year Fixed Rate – increase from 0.75% to 1.00% Ewan Edwards, director of savings, Aldermore comments: “We’re committed […]
Landbay, one of the UK’s leading specialist buy-to-let lenders, has today reduced the rate on its Special Edition two-year fixed rates for both 60% and 70% LTV by 14 and 10 basis points respectively. The rates are now amongst the most competitive specialist buy-to-let rates in the market. Landbay, which is institutionally funded, has also […]
Digital lender Selina Finance has enhanced its business lending offering by doubling its maximum loan term to 10 years. Selina Finance offers ‘flexi-loans’ up to £1m by allowing business owners to borrow against the equity locked up in a home or investment property. The lender has also announced changes to its property investor product to […]
LendInvest, the UK’s leading platform for property finance, has introduced Appetite Statements for landlords seeking a pre-agreed financing offer for their future projects. The Appetite Statement is a pre-agreed limit of what LendInvest would be willing to lend to the borrower based on specific parameters, allowing landlords to source investment opportunities with the benefit of […]
Charlie Hodgson has joined BREAL Zeta Commercial Finance in the role of credit analyst to augment the growing specialist asset-based lending (ABL) team. BREAL Zeta offers structured ABL facilities up to a £150m hold level that provide working capital and corporate structuring solutions to mid-market businesses. A qualified accountant, Charlie brings extensive business, financial and […]
West One has today, 12th August, launched two limited edition buy-to-let products, both of which are available for standard and specialist landlords. The loans benefit from West One’s ‘no credit scoring’ approach, with specialist underwriting on all applications. These two limited edition products come just one week after West One announced the relaunch of its […]
LendInvest, the UK’s leading platform for property finance, has made a series of changes to its buy-to-let product suite. LendInvest has increased its maximum loan size for MUFB properties up to £1m for 70% LTV, £1.5m up to 65% LTV and will now accept up to £3m up to 60% LTV. The lender has also […]
Hampshire Trust Bank (HTB) Development Finance team has today announced an increase in LTGDV to 65% for loans up to £6m. The move is part of a deliberate focus to assist smaller experienced developers who will benefit from additional leverage and support from a bank lender. David Alcock, managing director, Development Finance said: “We recognise […]
‘Product-less’ lender, Octane Capital, today announced it has radically streamlined its application process for brokers and borrowers alike — in some cases cutting the length of loan applications in half. It takes borrowers just five minutes to apply for a loan through Octane’s powerful new mobile app, which takes them through electronic ID verification, KYC […]
iknowa, a property and financial technology startup that is making building and renovation projects easier, safer and more efficient, today, announced its availability in the greater London area. Historically, tradespeople have struggled to generate quality leads through existing referral websites that charge fees, regardless of if the tradesperson gets the job or not. Similarly, homeowners […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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