Gatehouse Bank has widened the eligibility criteria on its range of buy-to-let products, including an increase to the maximum age at the end of the term, from 85 to 99 years for UK residents. The 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria. Where there is […]
Bridging lender Hope Capital today launches a flexible new bridging loan which is tailored to suit the affordability of the client. Called the Hope FleXi, it introduces a new level of flexibility to the market. The key with this new product is that a borrower can not only service the loan whilst having some of […]
Most parents swear they treat their children equally, but that doesn’t seem to apply to succession planning in family businesses. According to a new analysis by specialist lender Cynergy Bank, for every family firm that refers to its daughters in the company name there are 37 which acknowledge their sons. The huge imbalance between ‘& […]
A leading finance company has plugged into the rising demand for environmentally friendly vehicles and assets by starting a specialist electric division. The Electric Broker has been launched by Ethos Asset Finance – one of the best-known names in securing funding for those operating in the chauffeur and private hire industries – that will work […]
LendInvest, the UK’s leading non-bank property lender, has launched its first green finance initiative. All LendInvest bridge-to-let borrowers are now eligible to benefit from a cashback when they improve the EPC rating (or energy efficiency rating) of a property during the term of their loan. The initiative applies to bridge-to-let loan applications from 1st March […]
NatWest has today reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs. NatWest is now the first high street bank in the UK to offer a business banking account without a monthly fee, and […]
VAS Group has today launched VAS Valuation Management, an independent valuations consultancy business which will provide strategic solutions to European lenders, financial institutions and investment fund managers. The business has been co-founded by Taco Brink, who has over 30 years’ valuation management and review experience. He was recently managing director and head of Situs RERC […]
Kingsway Asset Finance has announced an extension to their commercial loan product portfolio. The Cheshire-based company, who became part of the Praetura Asset Finance ‘PAF’ Group at the beginning of last year, are now offering an expanded version of their commercial loan product, where taking security against domestic property, in addition to the current personal […]
Wesleyan Bank has introduced new security options to enhance its commercial mortgage solution for businesses who wish to acquire or re-finance commercial premises. The specialist finance provider offers loans up to 85% LTV (loan-to-value) on commercial property, for owner-occupied trading premises and for those being purchased as an investment. Under the terms of Wesleyan Bank’s […]
Only weeks after ‘product-less’ lender, Octane Capital, announced it was lowering rates on its larger bridging, developer exit and refurbishment loans by as much as 2% per annum following its annual risk review, it has now reconstructed its entire refurbishment proposition. With immediate effect, Octane will increase the level of works permitted from 50% up […]
