At a time when Suros Capital’s new short term business finance facility, launched in January, is gathering interest from brokers, it has just funded an immediate short term loan of £235,000 for the client of an SME business owner within 72 hours of enquiry. Based in the South East, the client needed the sum in […]
Specialist commercial finance provider Reparo Finance has launched a new revolving credit facility to support SMEs with cashflow to fund growth. It plugs a gap in the market for flexible access to £25k-£75k over the course of a financial year. Reparo’s commercial director, Steve Richardson, explains: “We know it’s not easy running a business in […]
Precise, part of OSB Group, has made a number of changes across its buy-to-let product range, including reduced rates starting from 4.49% and new fee products. The enhancements are designed to offer a more competitive range whilst helping to increase the borrowing capacity of landlords. Highlights include: Reintroduction of Tier 1 products at 70% & […]
Assetz Capital, a leading funder in the SME development lending market, announce a significant enhancement to its development lending solutions, offering stronger initial day one advances to developers on schemes up to 70% LTGDV. This strategic offer is designed to equip housebuilders with robust financial support from the outset, facilitating smoother project execution. The offer […]
Buy-to-let lender Landbay has reduced rates across the majority of its two-year and five-year fixed rate products by as much as 0.10%. The 10 basis point reduction covers the entire two-year fixed range, except large HMOs/MUFBs and tracker products. Rates now start at 4.24% at 75% loan-to-value (LTV) with a 6% fee. The five-year range […]
Gatehouse Bank has today reintroduced top slicing for UK residents purchasing a buy-to-let (BTL) property. Top slicing, sometimes referred to as income top-up, can be used where the rent paid by the tenant does not exceed the monthly payment charged by the Bank by the required amount. In these cases, subject to certain limits, the […]
Specialist lender Cambridge & Counties Bank has launched a limited period 5-year fixed rate mortgage solely aimed at supporting residential landlords. The 5-year product is being rolled out in response to heightened levels of enquiries from clients and commercial finance brokers. Rates are available from 6.49% depending on the arrangement fee paid, with loan-to-value rates […]
In response to growing demand from finance companies and intermediaries looking to simultaneously improve service levels, reduce operating costs and generate positive results in the same financial year, specialist consulting and advisory firm Finativ has developed a new methodology to support those aims. Combining subject matter expertise in both operational excellence and in responding to […]
NatWest has extended access to Business Savings from Mastercard to business debit card customers. Business Savings is a merchant discount programme provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the programme. It’s already available to NatWest and RBS business credit […]
Atom bank, the UK’s first app-based bank, has increased the maximum loan-to-value (LTV) available on large commercial mortgages. Following the change, mortgages of up to £5m are now available up to a maximum of 75% LTV against Market Valuation (MV1). As a result, some applicants’ potential borrowing will have increased from a maximum lend of […]
