Funding 365 has today confirmed a cut in interest rates for its unregulated Residential Bridge and Light Refurbishment products, which are available to all brokers with immediate effect. Both products now feature monthly interest rates from 0.69%pm up to 65% LTV, from 0.74%pm up to 70% LTV and from 0.79%pm up to 75% LTV. Qualifying […]
Cynergy Bank has launched an enhanced Business Current Account, which offers competitive interest and access to an updated online banking platform. Cynergy Bank’s updated Business Current Account has been designed to offer the nation’s SMEs a compelling alternative to the traditional banks’ offerings – with a market-leading interest rate of 2.50% AER variable paid on deposits […]
Gatehouse Bank has announced a series of changes to its range of buy-to-let (BTL) Purchase Plans. This includes the launch of a new 5% fee option on two-year and five-year fixed term BTL products for UK expats and international residents, which is available to individual applicants as well as UK-registered SPV Limited companies. This option […]
This includes its Limited Company buy-to-let product which the Bank launched in July last year. Charles Morley, director of mortgage distribution at Metro Bank comments: “Metro Bank is committed to the buy-to-let market and to our position as the number one specialist lender on the high street. “Metro Bank has a dedicated team to help […]
Hampshire Trust Bank (HTB) has expanded its specialist lending offering to include restricted holiday lets, giving brokers the tools to support clients in a changing and increasingly complex market. This strategic move reflects HTB’s ability to adapt to evolving regulations and market demand, while providing tailored solutions for professional investors. Restricted holiday lets, with their distinct […]
Atom bank, the UK’s highest rated bank on Trustpilot, has cut the interest rates across its range of fixed and variable commercial mortgages. Fixed rates have been reduced by up to 0.47%, while variable rates have fallen by up to 0.41%. The rate reductions take effect immediately. As a result of the cuts, variable rates […]
Metro Bank has increased the maximum loan-to-value (LTV) available on large commercial mortgages to 75% from 70%. Open to all businesses in England and Wales with at least three years trading history, commercial mortgages can be beneficial for small to medium sized businesses of all kinds who would benefit from being able to grow in […]
Aspen Bridging has updated its award-winning* Bridge-To-Let (BTL) product with the launch of a new three-year hybrid offering. Applicants can now opt for a nine-to-12 month bridge followed immediately by a two-year BTL option. The loan is fully underwritten upfront and uses one facility letter and one initial valuation for both elements. The product is designed for […]
Chris has worked in banking and property since 2005, and has considerable experience in portfolio management, originations, debt recovery, policy creation, and governance. His career has included roles at RBS, Williams & Glyn, and Secure Trust Bank, where he spent almost seven years in total, first as Head of the Real Estate Finance Business in […]
Aspen Bridging has enhanced its market proposition with its new 2025 Rate Card showing reductions of up to 80bps for all new applications and a higher maximum loan size of £15m net. The cut sees Flat Rates starting from 0.79% per month, a further decrease of 60bps. Stepped Rates are now from an initial rate […]
