Aspen has completed a No Valuation £173k bridging loan in just five working days, allowing the applicant to raise funds for an onwards property purchase on a tight deadline. Completed on the lender’s Flat Rate product at 0.79% pm over 12 months, the investor used an unencumbered, four-bedroom detached house in Edgware, North London as […]
Landbay has repriced its Limited Edition range of five-year fixed rate buy-to-let remortgage products and introduced a £500 cashback payable upon completion. The rates on four of the five products have been reduced by five basis points and the minimum loan value has decreased to £200,000 from £250,000. The maximum loan value for this particular […]
The specialist lender introduces a number of enhancements for buy-to-let (BTL) customers These include offering BTL loans at up to 80% LTV with rates reduced on 5 year fixed products The Bank has also reduced its affordability stress rate for 5 year fixed products, whilst streamlining the documentary requirements for self-financing BTL loans Metro Bank […]
Brickflow, the UK’s first search engine for development finance, reports a record number of loan terms – £88m – were issued through its deal forum in November. The deal forum is similar to a competitive tender process; developers input their project details and Brickflow’s algorithms select the lenders most likely to make a loan offer. […]
Castle Trust Bank is offering a cashback of up to £5,000 + VAT on valuations fees across its entire product range. The offer applies to all valuation fees paid on or after 1 December 2021, where the loan completes before or on 28 February 2022. It is available across the Castle Trust Bank product range […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been selected by mortgage advisory firm UK Moneyman as its tech partner. UK Moneyman has opted for OMS after a short trial of the system and this integration will offer its advisers full access to OMS’ all-encompassing CRM system and full […]
New research by Savills commissioned by LDS Sales Guarantees has revealed the current scale of delivery and pipeline of SME housebuilders sites. The Savills report estimates that 370-550 small house led sites (equating to c. 9,000-14,000 new homes) are being delivered in England and Wales per year. It also reveals there are 136,000 homes yet […]
Work is set to start on a sustainable residential project for the over-55s in Burnham-on-Crouch, Essex, after property developer Burnham Waters Ltd., secured a £17m loan from Shawbrook Bank. Construction on the “Burnham Waters”, Integrated Retirement Community (IRC) scheme – which will comprise 103 bungalows, 55 independent living flats, a 70-bedroom care home and a […]
United Trust Bank (UTB) Structured Property Finance has provided a £1.5m planning gain facility to Leyton Cross Holdings Ltd. The 2 year loan gives the company time and flexibility to maximise their investment in a 10 acre mixed use site near Dartford on the outskirts of London. UTB’s Structured Property Finance team was approached by […]
Mortgage Broker Tools (MBT) has added Metro Bank to its MBT Affordability research platform. MBT Affordability, which already features the largest panel of Residential lenders of any affordability platform, will now also include accurate calculations direct from Metro Bank. Metro Bank offers a range of mortgages for a variety of circumstances, including First Time Buyer […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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