Mortgage Broker Tools (MBT) has named the top five buy-to-let lenders for affordability based on searches processed through the MBT Affordability platform in the last two months. Overall, the top lender for affordability on buy-to-let cases was Gatehouse Bank, followed by Tipton & Coseley Building Society in second place, and Hinckley & Rugby Building Society […]
Sales of holiday homes near the coast have surged over the past six months with holiday let mortgages for properties in Wales almost doubling since September 2020. Figures from Hodge Bank have revealed the most popular destination for holiday let buyers is the South West at 39%, followed by Wales at 19% and the North […]
An Aspen Bridging integrated legal partner, Ola Leslie Solicitors stepped in at the eleventh hour to ensure a client completed their bridge in 10 days to save their £32k deposit. The developer, who had secured a three-bedroom terraced house in South East London for full refurbishment, had chosen to use his own legal representation but […]
#3rdGen lender, Octane Capital, today announced it has partnered with the mortgage platform provider, Twenty7Tec. With immediate effect, intermediaries will be able to access Octane’s medium-term buy-to-let products and short-term bridging solutions via Twenty7Tec’s SOURCE module. Octane’s ground-breaking buy-to-let products, which involve zero stress testing, are proving especially popular with brokers at present given the […]
Specialist lender Landbay has launched a range of buy-to-let products for trading limited companies purchasing or remortgaging standard properties, HMOs and MUFBs. Most BTL limited companies are set up as a Special Purpose Vehicle and must apply for a SIC code* which indicates they specialise in property. But trading limited companies can be any small […]
#3rdgen lender, Octane Capital, today announced that it has been appointed to the panel of SimplyBiz Mortgages. With immediate effect, SimplyBiz Mortgages members will have access to Octane Capital’s unique ‘zero stress-tested’ medium-term buy-to-let products and its full ‘product-less’ short-term proposition, covering bridging, refurbishment and developer exit loans. Martin Reynolds, chief executive, SimplyBiz Mortgages, commented: “Octane […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been integrated across its proposition by the F4B Network. The F4B network opted for OMS after an extensive review period and this integration will allow Appointed Representative (AR) firms access to OMS’ all-encompassing CRM system and full workflow solution. The […]
Just Cashflow is introducing a new and enhanced Portfolio Builder facility designed to enable professional property investors and developers to play to their strengths. Professional property investors are opportunistic by nature and they know they have to move quickly when they find the right deal. Often securing traditional finance facilities can be the deal breaker […]
A property development company has laid the foundations for a luxury housing estate on the site of a former World War Two US military hospital. Churcham Homes has begun the development of 26 uniquely-designed family houses after agreeing £10.6m in development finance provided by specialist lender Together. The site, at Ullenwood Court, Coberley, near Cheltenham, […]
#3rdGen lender, Octane Capital, today announced the completion of a £420,000 loan that underlines its strong appetite for the growing sector that is non-mainstream buy-to-let. The loan was to an Indian national residing in Dubai and is secured on an unencumbered flat in London. Octane has always had a strong appetite for foreign national borrowers […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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