All Specialist Lending Stories

In the Spotlight with Stephen Wasserman, West One Loans

In the Spotlight with Stephen Wasserman, West One Loans

We spoke to Stephen Wasserman, Managing Director at West One Loans, about the evolution of the bridging market and his advice for brokers who are new to the specialist lending market.

18 Aug 2017

Is it still too easy to ignore second charge?

Is it still too easy to ignore second charge?

It is still too easy to disregard second charge loans when assessing the best way for clients to access funds for capital raising, according to Tim Wheeldon, COO at Fluent Money.

17 Aug 2017

Value of bridging loans hits record £3bn in Q2

Value of bridging loans hits record £3bn in Q2

The value of bridging loans written by ASTL members exceeded £3 billion for the first time in the year to the end of June.

17 Aug 2017

Asda Money launches loans offering with Freedom Finance

Asda Money launches loans offering with Freedom Finance

Asda Money has partnered with lending platform Freedom Finance to launch its Asda Personal Loans offering.

16 Aug 2017

Second charge lending sees further 33% growth

Second charge lending sees further 33% growth

The second charge mortgage market saw new business up 33% by value and 22% by volume in June compared to the same month last year, according to figures from the Finance & Leasing Association.

16 Aug 2017

Mint Bridging launches 'summer sale' with free valuations

Mint Bridging launches 'summer sale' with free valuations

Mint Bridging has announced that it has over £30m of funding to lend in September and is offering free valuations on all new loan enquiries received from Tuesday 15th August, on loans that are fully completed before the 30th September.

16 Aug 2017

Second charge mortgage repossessions down 10%

Second charge mortgage repossessions down 10%

New figures released today by the Finance & Leasing Association have revealed that the number of second charge mortgage repossessions in Q2 2017 was 36, 10% lower than in the same quarter in 2016.

10 Aug 2017

Reasoning is the key to widening second charge appeal

Reasoning is the key to widening second charge appeal

According to Fluent for Adviser and Zing Mortgages, argued reasoning, rather than trying to bludgeon advisers into accepting, is the way to help second charge lending gain greater traction in the wider lending market.

10 Aug 2017

Spring Finance cuts rates by over 2%

Spring Finance cuts rates by over 2%

Second charge mortgage provider, Spring Finance, has introduced three and five-year fixed rate products to its portfolio as well as cutting existing rates by over 2% on certain plans.

07 Aug 2017

Brightstar's Collins moves over to high net worth arm

Brightstar's Collins moves over to high net worth arm

Sirius Property Finance, the high net worth division of Brightstar Financial, has expanded its central London office and made two senior hires.

03 Aug 2017

 

Second charge lending hits record high as sector returns to growth

Second charge lending hits record high as sector returns to growth

Annualised second charge lending has surpassed the £900m mark for the first time, after three months of consecutive year-on-year new business volume growth in March, April and May, according to Enterprise Finance data.

28 Jul 2017

AOBP fills last Executive Committee post

AOBP fills last Executive Committee post

The Association of Bridging Professionals has appointed a fourth new Executive Committee member, Jordan McBriar, to complete its new look team.

27 Jul 2017

Fluent Money Group expands due to intermediary demand

Fluent Money Group expands due to intermediary demand

Fluent Money Group is continuing to expand its core second charge team as volumes of new business increase.

20 Jul 2017

Bridging lenders positive about post-election prospects

Bridging lenders positive about post-election prospects

Bridging lenders remain positive about prospects for the sector despite ongoing political uncertainty, according to an ASTL survey.

20 Jul 2017

Brilliant Solutions cuts packaging fees across entire range

Brilliant Solutions cuts packaging fees across entire range

Brilliant Solutions has removed all packaging fees across its entire mortgage packaging range following a successful trial with a handful of lenders.

19 Jul 2017

Brightstar partners with new bridging introducer

Brightstar partners with new bridging introducer

Brightstar Financial has partnered with Bridging Loan Hub, a new bridging introducer based in North-West London.

18 Jul 2017

InterBay launches into residential bridging market

InterBay launches into residential bridging market

InterBay Commercial, part of OneSavings Bank, has launched a residential and commercial bridging range with rates from 0.44%.

18 Jul 2017

Masthaven expands mortgage team with three new recruits

Masthaven expands mortgage team with three new recruits

Masthaven has appointed John Smith as National Account Manager for First Charge Mortgages, as well as David Owen and Wes Baker as Business Development Managers.

17 Jul 2017

Association of Bridging Professionals appoints new members

Association of Bridging Professionals appoints new members

The Association of Bridging Professionals has appointed three new members to its Executive Committee.

12 Jul 2017

Octane Capital appoints two senior managers from Octopus

Octane Capital appoints two senior managers from Octopus

New specialist lender, Octane Capital, has announced that Graham Macaulay and Liam Lawlor will be joining the team from Octopus Property to deal with demand for lending which is "sharply above target".

10 Jul 2017

Second charge lending continues rebound with 29% rise

Second charge lending continues rebound with 29% rise

Second charge mortgage new business saw continued growth in May, rising 26% by value and 29% by volume compared with the same month last year, according to the latest figures from the Finance & Leasing Association.

07 Jul 2017

Why wouldn’t you?

Why wouldn’t you?

If I told you you could increase your income by doing something almost identical to what you’re doing now, that wouldn’t increase your hours and wouldn’t mean missing out on the type of work you currently do but, rather, would complement it. What would you say? My guess is unless you willingly want to sabotage your own business you’d say yes. Well, why wouldn’t you? There are no downsides to it, only benefits.

05 Jul 2017

Brightstar relaunches Private Label brand

Brightstar relaunches Private Label brand

Brightstar Financial has relaunched former mortgage market brand, Private Label, with a new range of residential and buy-to-let mortgage products.

04 Jul 2017

Kuflink launches IFISA and new investment options

Kuflink launches IFISA and new investment options

P2P platform Kuflink has announced the launch its Innovative Finance ISA as well as two investment options for investors.

03 Jul 2017

Octopus launches new residential development finance product

Octopus launches new residential development finance product

Octopus Property has launched a new, lower priced development finance product as part of plans to expand its residential development lending range.

03 Jul 2017

Bridging sector returns to growth in Q1

Bridging sector returns to growth in Q1

Gross annual bridging lending increased by 2.8% to £4.2bn in April, rebounding from the post-Brexit falls in the second half of 2016, according to the latest West One Bridging Index.

30 Jun 2017

Together announces exclusive partnership with auction network

Together announces exclusive partnership with auction network

SDL Auctions has launched an exclusive partnership with Together, which will span all of its auctions across the UK each year.

29 Jun 2017

Nine specialist lenders partner with Mortgage Brain

Nine specialist lenders partner with Mortgage Brain

Nine specialist lenders have partnered with Mortgage Brain for the distribution of their second charge products on its sourcing system, MortgageBrain Classic.

28 Jun 2017

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