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 […]
Allica Bank, the challenger bank for established businesses, has announced a raft of enhancements to its commercial mortgage and specialist buy-to-let proposition. The changes will mean it’s able to support an even wider pool of established businesses, alongside providing a pricing discount for businesses that also open a bank account with it. The bank has […]
Buy-to-let lender Landbay has reduced rates by up to 0.15% across its popular non-portfolio range of products. Designed for landlords with three or less mortgaged properties, the reductions are available on non-portfolio standard and AVM-supported five-year fixed rate products. In addition, Landbay has added a new five-year fixed rate option to the range – available […]
Asset-based lender Ultimate Finance is today announcing an increase to its maximum invoice finance facility size from £7m to £10m as it targets growth. The increase follows recent investment in pricing and an improved cashflow loan size, both of which have been well received. This latest enhancement in its working capital offering, will allow them […]
An award-winning specialist business bank has re-assessed its commercial lending proposition to boost the affordability of its commercial mortgages for experienced professional landlords and SMEs (owner occupiers). These changes have been made following consultations with leading brokers and reflect the continued higher interest rate environment that has placed pressure on the leverage some firms can […]
Instant Settlement Accounts enables businesses to receive funds locally, instantly convert funds at market-leading FX rates and make real-time cross-border payments to local bank accounts. Today, Paysend announced the launch of Instant Settlement Accounts, a new feature which enables PSPs, Banks, Marketplaces, FX Brokers and Freelancer/Contractor EOR Payroll Platforms to unlock $400 billion in liquidity […]
An award-winning specialist business bank is making changes to its product criteria to boost the affordability of its residential investment buy-to-let mortgages for professional landlords. In response to the continued higher interest rate environment and following consultations with leading brokers, Redwood Bank has reassessed its proposition. These new changes increase the leverage available to landlords, […]
