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Renewed optimism for second charge in 2017?

Just in
Renewed optimism for second charge in 2017?

The second charge lending market grew just 4% in 2016 compared with 34% growth in 2015, but the sector is seeing renewed optimism for 2017, according to Enterprise Finance.

27 Mar 2017

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper launch industry-first partnership

LendInvest and Pepper UK have formed what they believe is the industry’s first partnership between a UK online mortgage lender and an outsourced loan servicing business.

27 Mar 2017

New Street overhauls BTL proposition including 125% rental cover

New Street overhauls BTL proposition including 125% rental cover

New Street Mortgages has made comprehensive changes to its buy-to-let proposition which will be effective as of the 28th March.

24 Mar 2017

MT Finance announces £125m loan acquisition deal

MT Finance announces £125m loan acquisition deal

MT Finance Limited has today announced it has entered into a relationship with an unnaned global institutional investment manager which will initially acquire £125m of bridging loan assets from the lender, with an option to acquire a further £125m.

23 Mar 2017

Furness BS scraps ICR for buy to let

Furness BS scraps ICR for buy to let

Furness Building Society has scrapped ICR for buy to let assessments and also launched a new range of BTL products.

23 Mar 2017

FSE Glasgow: Are seconds a 'mile away from where they need to be'?

FSE Glasgow: Are seconds a 'mile away from where they need to be'?

The second-charge market has plenty of scope to develop but needs to keep pushing the education message if it wants to grow, according to Alistair Ewing of The Lending Channel.

21 Mar 2017

Y3S opens Manchester office

Y3S opens Manchester office

Welsh specialist mortgage broker Y3S has today opened the doors of its first office outside of its indigenous borders.

20 Mar 2017

Dragonfly founder launches new specialist lender

Dragonfly founder launches new specialist lender

Jonathan Samuels, the founder of Dragonfly Property Finance, has returned to the specialist lending market with the launch of Octane Capital.

20 Mar 2017

Step One Finance launches broker portal

Step One Finance launches broker portal

Specialist lender Step One Finance has launched its online broker portal following a trial.

17 Mar 2017

1st Stop appoints Shawbrook's Philip George as NED

1st Stop appoints Shawbrook's Philip George as NED

1st Stop Group Limited has strengthened its Board with the appointment of Shawbrook Bank's Philip George as Non-Executive Director.

16 Mar 2017

 

New bridging lender joins the ASTL

New bridging lender joins the ASTL

Aspen Bridging is the latest member to join the Association of Short Term Lenders.

16 Mar 2017

Second charge lending falls 11%: FLA

Second charge lending falls 11%: FLA

Second charge mortgage new business fell 6% by value and 11% by volume in January compared with the same month in 2016, according to figures from the Finance & Leasing Association.

10 Mar 2017

Claire Budden rejoins Complete FS

Claire Budden rejoins Complete FS

Complete FS, the South Coast based specialist lending packager, welcomes back Claire Budden in the role of Associate Director of Operations.

08 Mar 2017

Tenet adds Central Trust to second charge panel

Tenet adds Central Trust to second charge panel

Tenet has added Central Trust to its direct to lender second charge panel, which was launched in November. Central Trust will join the initial five lenders Masthaven Secured Loans, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank, and Step One Finance.

08 Mar 2017

Magellan agrees distribution with Black Book Finance

Magellan agrees distribution with Black Book Finance

Magellan Homeloans, the specialist mortgage lender, has reached agreement to distribute its range of mortgage products via Black Book Finance.

07 Mar 2017

In the Spotlight with Nigel Payne, TFC Homeloans

In the Spotlight with Nigel Payne, TFC Homeloans

We spoke to Nigel Payne, managing director of TFC Homeloans, about flat fees in the second charge market and his advice for brokers who are new to the sector.

03 Mar 2017

Paul Brett joins Landbay

Paul Brett joins Landbay

Specialist buy-to-let lender Landbay has appointed Paul Brett as Managing Director, Intermediaries.

27 Feb 2017

Buy to Let Club adds MTF and LendInvest to bridging panel

Buy to Let Club adds MTF and LendInvest to bridging panel

Buy to Let Club has added MTF and LendInvest to its panel and appointed an in-house bridging specialist to extend its offering to Club members.

22 Feb 2017

Professionals choosing second charge for debt consolidation

Professionals choosing second charge for debt consolidation

Second charge mortgage lender Equifinance says the profile for customers taking out a second charge mortgage has changed significantly against the backdrop of CCJs in 2016 being at record levels.

16 Feb 2017

Remortgage is not the only option

Remortgage is not the only option

Coming into the year, you could sense the hope that the resurgence in remortgage activity seen in the second half of 2016, would continue into 2017. We don’t have any remortgage statistics for January yet, however I’m suspecting that it has continued in a strong vein – certainly when you look at the product price cutting that took place throughout the first 31 days of the year, it’s clearly apparent that lenders are wanting to take market share and that pricing has been the choice of many to do this.

15 Feb 2017

Lenders urge networks to offer specialist support

Lenders urge networks to offer specialist support

The majority of the UK’s specialist lenders would like to see mortgage networks work more closely with specialist distribution firms in 2017, according to Vantage Finance research.

15 Feb 2017

Second charge lending remains subdued in December: FLA

Second charge lending remains subdued in December: FLA

Second charge mortgage new business fell by 6% in volume in December, continuing the downward trend seen in the previous two months, according to Finance & Leasing Association data.

10 Feb 2017

Mint Bridging appoints Head of Sales

Mint Bridging appoints Head of Sales

Mint Bridging has recruited Sinead Moynihan as its Head of Sales to oversee the current team of five BDMs.

10 Feb 2017

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance has partnered with The Mortgage Alliance to provide a direct submission route for its brokers and extend its specialist distribution network.

09 Feb 2017

Seneca Bridging partners with Julian Harris Network

Seneca Bridging partners with Julian Harris Network

Seneca Bridging has partnered with the Julian Harris Network to enable its appointed representatives to access the lender's short term lending products.

06 Feb 2017

In the Spotlight with Steve Seal, Kent Reliance

In the Spotlight with Steve Seal, Kent Reliance

We spoke to Steve Seal, Head of Sales at Kent Reliance, about the new buy-to-let affordability rules, the supply and demand issue, and the future of the complex lending market.

03 Feb 2017

Mansfield BS launches Versatility specialist lending brand

Mansfield BS launches Versatility specialist lending brand

Mansfield Building Society has launched Versatility - a new brand given to its specialist lending range which aims to help brokers identify niche solutions more easily.

03 Feb 2017

Diversify or die: embracing the second charge market

Diversify or die: embracing the second charge market

A recent study by Together made for some very uncomfortable reading for those of us operating in the second charge sector.

02 Feb 2017

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