National house price growth indicator hits a four year high Enquiries, sales and new instructions all continue to rise 83% of respondents foresee demand increasing for homes with gardens / outside space over the next two years while 79% predict rising demand for those properties near green space Housing market activity continued to rise […]
In a boost for the UK property market, a new Twenty7Tec report reveals a highly unusual spike in August mortgage searches and applications, which increased its five-year-average by an astonishing 222%. August is usually one of the quietest months for mortgages, but proved to be among the busiest of the year – and more than […]
Bluestone Mortgages today warns that the needs of “non-standard” customers could end up being excluded from the development of open finance if advisers do not respond to the FCA’s Call for Input by next month. Open finance would extend open banking principles to give customers more control over a wider range of their financial data, […]
Zephyr Homeloans, part of Computershare Loan Services, has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the total number of IMLA members to 43. Paul Fryers, managing director, Zephyr Homeloans, will be the company’s representative at IMLA meetings. Zephyr Homeloans is a dedicated buy-to-let lender, providing a range of mortgage […]
A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer’s £125k auction purchase deposit and provided additional funding on a part-finished development. Completed in just 15 days at 0.49% for six months on the lender’s stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one […]
Castle Trust Bank has launched a new range of buy-to-let products up to 75% LTV, with instant terms available from the lender’s BDMs. The products are available as 2-, 3- and 5-year fixed rates, with an automatic switch to a variable rate for a total term of 10 years. Rates start at 4.19% for 2-year […]
A sea view hotel on the South Devon coast is to make way for a series of modern ‘staycation’ apartments in a £3.3m re-development project. Lantern Lodge Hotel, based in Hope Cove, Devon, will be replaced by 14 new modern apartments by Trinity Square Developments. Nine of the new units – which will provide guests […]
Lenders continuing to tighten criteria is clearly still a significant issue for people with small deposits, as Knowledge Bank recorded that ‘Temporary Maximum LTV Restrictions’ topped broker searches last month for the sixth month running. While there is much news about lenders introducing or pulling new products this clearly shows that LTV restrictions are having […]
Nivo has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Fintech, Nivo, designed its technology solution to meet the needs of specialist lending. Within its convenient messaging network, Nivo simplifies information gathering and checks using a range of fintech tools like biometric identity verification, open […]
Online portfolio management platform Lendlord has launched an android app to provide users with the full functionality of the online platform from their smartphone. The Lendlord app enables landlords to manage, track and optimise their portfolio’s performance. Lendlord provides landlords with a safe and secure place in the cloud in which they can place all […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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