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Positive Lending increases commission during secured loan sale

Positive Lending increases commission during secured loan sale

Bournemouth based specialist distributor and packager Positive Lending is paying introducers 60% net revenue for all term secured loan business introduced in July 2013.

03 Jul 2013

Capital Bridging lends £11m in June

Capital Bridging lends £11m in June

City based bridging lender Capital Bridging Finance Limited has today announced it has completed more business in June than in any other month since its launch in 2010.

03 Jul 2013

Barclays cuts rates on residential mortgage range

Mortgages

Barclays cuts rates on residential mortgage range

Barclays announced today that it is cutting rates across its residential mortgage range by up to by up to 1.10 percentage points, including the lowest 10-year fixed rate it has ever offered, in a bid to give borrowers access to even better deals.

03 Jul 2013

Landlords invest in more property - and demand is high

Landlords invest in more property - and demand is high

Demand for private rented property has remained high during the second quarter of the year, landlords who took part in a Paragon Mortgages survey have revealed.

03 Jul 2013

First Mortgage looks at potential impact of rising interest rates

Mortgages

First Mortgage looks at potential impact of rising interest rates

As the economy begins to show signs of recovery with UK GDP increasing by 0.4-0.5% during the second quarter, there has been growing speculation from economists around a possible rise in the Bank of England’s base rate.

03 Jul 2013

Paradigm launches lifetime offset exclusive with H&R

Mortgages

Paradigm launches lifetime offset exclusive with H&R

Paradigm Mortgage Services, the mortgage services proposition, has today unveiled a lifetime offset product in conjunction with Hinckley & Rugby Building Society.

03 Jul 2013

New secured lender launched by Loans Warehouse

New secured lender launched by Loans Warehouse

Today it has been announced that a new secured loan lender, Clearly Loans, has been launched.

03 Jul 2013

Connect Mortgages appointed as 'Mortgage Desk' for Precise

Mortgages

Connect Mortgages appointed as 'Mortgage Desk' for Precise

Connect Mortgages, part of the Connect Group, has been appointed by Precise Mortgages to field enquiries directly from brokers interested in the lender’s latest Home Owner product range.

02 Jul 2013

Source adds broker-only product to home insurance panel

Protection

Source adds broker-only product to home insurance panel

The Source has announced a new addition to their Home Insurance panel in the shape of AXA First.

02 Jul 2013

Precise enters new build market for first time

Mortgages

Precise enters new build market for first time

Precise Mortgages, the intermediary only lender, has changed its criteria across its entire BTL and Home Owner range to allow New Build properties.

02 Jul 2013

 

borro reaches £50 million lending milestone

borro reaches £50 million lending milestone

Online personal asset lender borro today announced it has reached a landmark milestone of £50 million in funded loans to individuals and small businesses.

01 Jul 2013

Prime London Central sees average price of over £1.5m

Mortgages

Prime London Central sees average price of over £1.5m

London Central Portfolio’s analysis of just released Land Registry data shows average prices in England and Wales reaching £240,659 - a 5% uplift over May 2012 - yet some areas are reaching six times that.

01 Jul 2013

AToM to offer new Precise 85% mortgage

Mortgages

AToM to offer new Precise 85% mortgage

AToM, the specialist mortgage packager/distributor, has been selected as one of only a few specialist packagers/distributors to offer a new range of criteria changes at 85% LTV from Precise Mortgages.

01 Jul 2013

Mortgage approvals hit three-year high in May

Mortgages

Mortgage approvals hit three-year high in May

Mortgage approvals reached 58,242 in May, the highest reported figure in three years (December 2009), and were up from 54,354 in April.

01 Jul 2013

BSA reports lending to FTBs up by 50%

Mortgages

BSA reports lending to FTBs up by 50%

BSA members have reported that loans to first time buyers went up by 50 per cent in the first five months of this year compared with the same period in 2012, with over 32,000 buyers getting their first mortgage.

01 Jul 2013

New BTL and resi rates announced by Aldermore

Mortgages

New BTL and resi rates announced by Aldermore

Aldermore, the British challenger bank, has announced the following rate changes to its buy-to-let and residential mortgage products:

01 Jul 2013

Promise increases secured panel to 19 lenders with TFS Secured Loans

Promise increases secured panel to 19 lenders with TFS Secured Loans

In keeping with the recent boom in the secured loan sector, TFS Secured Loans has been added to the panel of master broker Promise Solutions maintaining Promise’s claim to the largest secured loan panel in the UK.

01 Jul 2013

Precise opens prime and near-prime products up to FTBs

Mortgages

Precise opens prime and near-prime products up to FTBs

Precise Mortgages, the intermediary only lender, has today changed its lending criteria to accept First Time Buyers on all of its Home Owner products.

01 Jul 2013

Accord cuts rates on resi range by up to 0.35%

Mortgages

Accord cuts rates on resi range by up to 0.35%

Accord Mortgages has cut rates on selected residential products by up to 0.35% and introduced a series of new mortgages following a successful seven-day promotion.

01 Jul 2013

Prestige enhances product range with reduced rates

Prestige enhances product range with reduced rates

Prestige Finance has announced interest rate reductions on its standard plans allied to a more streamlined product matrix as well as reduced rates and lower minimum loan size on its popular large loan products.

01 Jul 2013

Saffron cuts rates on BTL & Next Step mortgages

Mortgages

Saffron cuts rates on BTL & Next Step mortgages

Saffron For Intermediaries, the specialist lending channel of Saffron Building Society, has reduced the rates on both its Next Step and Buy to Let Light Refurbishment mortgages.

01 Jul 2013

Peter Constance, Managing Director of pancredit

In The Spotlight

Peter Constance, Managing Director of pancredit

Financial Reporter had a chat with pancredit's Managing Director, Peter Constance.

28 Jun 2013

House prices continue to inch up, Land Registry data shows

Mortgages

House prices continue to inch up, Land Registry data shows

The May data from Land Registry's House Price Index shows an annual price increase of 0.5%, or 0.1% since April, which takes the average property value in England and Wales to £161,969.

28 Jun 2013

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Mortgages

Clydesdale & Yorkshire Banks launch mortgage range for business customers

Clydesdale and Yorkshire Banks are launching a new range of mortgage products exclusively for business and Private Bank customers.

28 Jun 2013

AfI launches new two-year deals

Mortgages

AfI launches new two-year deals

Today Abbey for Intermediaries is launching two new best buy two-year deals:

28 Jun 2013

London house prices now 5% higher than pre-crisis levels

Mortgages

London house prices now 5% higher than pre-crisis levels

Nationwide's House Price Index for June shows significant regional variation in price that has been masked by the gradual pick up in growth at a national level.

28 Jun 2013

IBB cuts BTL finance rental rates further

Mortgages

IBB cuts BTL finance rental rates further

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has further reduced the rental rate for its Sharia compliant Buy to Let Purchase Plan product.

28 Jun 2013

3mc completes £1.65m deal with Cambridge & Counties Bank

Mortgages

3mc completes £1.65m deal with Cambridge & Counties Bank

Leading mortgage distributor 3mc has recently completed a £1.65 million commercial mortgage transaction funded by Cambridge & Counties Bank.

28 Jun 2013

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