The Society of Mortgage Professionals has urged brokers concerned that a customer is attempting to commit mortgage application fraud to under no circumstances submit the proposal to a lender. The latest good practice guide from the Society of Mortgage Professionals (SMP) outlines the current methods of mortgage fraud and shares hints with brokers on how […]
The Scottish Government have now announced that they intend to extend the original time periods they had set out in April. The amendments were laid before the Scottish Parliament on 25 August 2020 and will come into force on 5 October 2020. Adam Henry of Savills Planning Team in Edinburgh said: “These measures are very […]
Specialist lender, Bluestone Mortgages has joined the Mortgage Market Alliance (MMA) as a founder member of the organisation that is committed to promoting to customers the availability of mortgage lending and the value of professional advice. The MMA launched earlier this year as a collaborative new voice for the mortgage industry to promote the strong […]
Crystal Specialist Finance (CSF) and Together have saved a house move by taking a £65,000 bridging case from receipt to completion in just 48 hours. The specialist distributor was approached by a regular supporting broker who was looking to obtain short-term lending for a client in Scotland whose property move was in danger of collapse […]
The first transaction was a £352m securitisation of specialist first charge residential and buy-to-let mortgages originated by Pepper Money. This was followed by a £277m securitisation of second charge mortgages originated by Optimum Credit. Both transactions attracted strong investor demand and were over-subscribed in a competitive market and uncertain economic environment. Last week both Pepper […]
Online portfolio management platform Lendlord, has launched a Portfolio Evaluation module to help landlords make better informed decisions in growing their property businesses. The Portfolio Evaluation module helps landlords and property investors to instantly analyse the projected future performance of their existing properties, and of their entire portfolio, for both the short term and the […]
LendInvest, the UK’s leading platform for property finance, has introduced wide ranging updates to its buy-to-let product range; including raising its LTV and maximum loan limits, and broadening its lending criteria to include first-time landlords and student lets. LendInvest is now offering 80% LTV products on standard properties, with a maximum loan size of £500,000. […]
The latest summary of market health from leading lettings and sales agent, Benham and Reeves, has revealed that the market stood firm in Q2 despite the broader turbulence of lockdown. Benham and Reeves have combined data from the top four house prices indices to give an overall view of market health based on buyer and […]
Oakham-based machinery and vehicle dealer, C&M Retail Group, is embarking on a major expansion programme which will create up to 20 new jobs after agreeing a funding deal to enable the development of a purpose-built industrial and business hub, as well as the launch of a new vehicle sales company. The deal arranged by SME […]
Three quarters of brokers (74%) do not tell their clients that they offer second charge mortgages, according to extensive research carried out by Brightstar Financial. The specialist distributor undertook a study of a diverse group of more than 1,000 intermediaries, including different types of broker firms, IFAs, directly authorised brokers and appointed representatives. According to […]
