New research out today from Smart Money People has found that broker satisfaction with mortgage lenders has increased by 2.5% from 77.8% to 80.3% in the last six months, although overall satisfaction has not yet recovered to the peak seen in H1 2020 of 82.70%. Smart Money People is the leading financial services customer review […]
#3rdgen lender, Octane Capital, today announced that it has passed £1bn of completions, just over four years since its launch in May 2017. Since the lender opened its doors, it has received 3,274 applications with a combined value of over £2.4bn and made AIPs (agreements in principle) of £8.8bn. It has completed on 1,375 loans. Octane launched in 2017 as the […]
LendInvest, the UK’s leading platform for property finance, has appointed digital-first law firm, Juno, to its legal panel for its buy-to-let product. Juno specialises in property conveyancing, and is uniquely positioned to partner with LendInvest due to it’s fully online-process. The firm provides access to an online dashboard, where clients are able to receive regular […]
New research from criteria search specialist, Knowledge Bank shows that ‘furloughed workers’ is no longer amongst the most-searched terms by brokers. ‘Furloughed workers’ previously spent 13 months in the top five most-searched terms, after the government introduced the initiative last year. With furlough dropping out of the top five most-searched terms in the residential market, […]
Assetz Capital has completed a £3.2m development loan for thirty new luxury Derbyshire homes through the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The developer, Ryton Park Homes, is restoring a former school in Worksop creating 26 new mews houses and four apartments aimed at the over 55s market. The 1920s building – which has […]
Leading broker firm, Just Mortgages, is expanding throughout Scotland. Since the start of the year, it has almost quadrupled the number of self-employed brokers from four to 15, and in the next 12 months is aiming to reach 28 self-employed brokers in total. This recent rapid expansion is predominantly down to the local expertise and […]
Landbay, one of the UK’s leading buy-to-let lenders, has today launched two brand new products to its catalogue for landlords with three properties or less. The first is a 2-year fixed rate at 2.85% up to 65% loan to value (LTV), available on loans of up to £1.5m. The second is a 5-year fixed rate […]
Brightstar Financial has launched The Specialist Lending Virtual Expo – a free one day digital event for brokers that will provide the latest insights to help them develop and grow their specialist mortgage business. The Specialist Lending Virtual Expo takes place on 1 July and is open to all brokers, although places are limited. It features […]
Specialist business property adviser, Christie & Co, has announced the sale of former Rastrick Independent School & Day Nursery in Brighouse, West Yorkshire. Founded over 25 years ago, this well-established former school had capacity for up to 482 pupils aged between five and 16 years. The school’s previous owners had maintained a traditional feel throughout […]
#3rdgen lender, Octane Capital, today announced it has completed a £900k bridging loan for a client of Mortgages for Business in just four working days. The client, an experienced property developer, is currently building nine houses in Kent, of which six are complete and the other three set to be finished before August. The borrower’s […]
