LendInvest, the UK’s marketplace for property finance, has expanded its buy-to-let offering into Scotland as demand for long-term property finance in the Scottish housing market increases. The move comes months after the announcement that LendInvest has received £200m in funding from the National Australia Bank for the business to expand its capacity to lend in […]
NatWest has today announced a new technology integration with global accountancy software provider Xero, which will allow its subscribers to access a NatWest financing service directly from the Xero platform. Using Single Sign On (SSO) technology, Xero users will have direct access to NatWest’s Rapid Cash service, which provides businesses with a flexible line of […]
365 Business Finance, a financial provider to small and medium sized companies, has revealed that MOT garages are among the top ten business categories taking up merchant cash advances to expand. According to the direct lender, MOT garages feature eighth in the list of most frequent clients for this type of fast and flexible funding. […]
Aldermore, the specialist bank, has launched a new online portal for brokers named Asset Backer. The new platform aims to simplify and improve the efficiency of transactions between small businesses and brokers. Now available via Aldermore’s website, the Asset Backer portal enables brokers to: Easily manage their portfolio in one place Calculate and deliver quotes […]
Nucleus Commercial Finance, an alternative finance provider, has today announced changes to its cashflow finance product, delivering more finance options for the UK’s small and medium sized businesses. Following feedback from brokers, the original three year product will now be extended to a maximum term of five years. This change is available to those businesses […]
A husband and wife property investor team are set to breathe new life into a tired block of flats in Aberdeen. Dr Mohammad Namavar and Dr Elahe Radmaneshfar plan to turn 17 serviced apartments into modern rental homes thanks to a £437,500 cash injection from Together, which contributed to purchasing part of the portfolio along […]
Skipton International has announced an enhancement to its mortgage criteria, allowing resident buy-to-let investors to potentially achieve greater levels of borrowing against their rental yields. The leading UK buy-to-let mortgage lender for overseas residents will be offering a reduced interest coverage ratio of 110% (compared to the standard 125%) to customers earning over £100,000 pa […]
Specialist lender Together has teamed up with eTech’s buy-to-let hub to speed up mortgage underwriting for brokers’ portfolio landlord cases. The technology allows brokers to record portfolio information and check contact details efficiently. Profiles are stored on the system so they can be accessed later for review or for future applications, removing the need for […]
The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]
Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]
