2+ day, 21+ hour ago   (180+ words) Its first charge bridging rate now starts from 0.75% per month, down from 0.79% previously. Meanwhile, rates for second charge bridging, heavy refurbishment, semi-commercial and commercial lending now start from 0.85% per month. The Pears family, owners of property firm William Pears Group,…...

4+ day, 20+ hour ago   (858+ words) Demand remains strong and investors, landlords, developers and business owners still need fast and practical finance when mainstream lending cannot move quickly enough. At the same time, funders, lenders, brokers and borrowers are all asking sharper questions, and that is…...

1+ week, 4+ day ago   (372+ words) The new scheme will launch on Monday (7 September) and is aimed at homeowners who stick with existing lenders out of convenience and certainty. Renewing a mortgage is often seen as a complex and time-consuming process. Barclays said research shows, across…...

1+ week, 4+ day ago   (251+ words) Products in its Core and Tailored propositions now start from 3.4%. Across the Core range, the cuts apply to two- and five-year fixed-rate mortgages for purchases and remortgages of single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs)....

1+ week, 4+ day ago   (609+ words) I’ve spent most of the last 11 years at OSB Group, having moved into commercial lending after working at Santander in the residential lending market. Even over that time frame, the market has changed significantly. When I joined in 2015, it was…...

2+ week, 4+ day ago   (606+ words) A high-profile lender failure has prompted uncomfortable questions across the market, while brokers, borrowers and funders have all found themselves looking a little more closely at how bridging businesses are run. When confidence is tested, attention naturally moves away from…...

2+ week, 5+ day ago   (217+ words) Residential mortgages can now be split between capital and interest and interest-only repayment methods within a single mortgage. This is tailored to borrowers who will benefit from lower initial monthly payments, while still reducing their mortgage balance. The interest-only proposition…...

3+ week, 2+ day ago   (174+ words) Applications involving unsatisfied county court judgments (CCJs), debts, and secured and unsecured arrears – subject to underwriter assessment – will be considered by CHL Mortgages. Rates start at 0.7% per month, with borrowing available from £100,000 to £10m and up to 75% LTV. The products have…...

3+ week, 3+ day ago   (212+ words) New variants of the lender’s existing light refurbishment products have been launched, with pricing starting from 0.78% per month for loans within the £150,000-200,000 bracket. The additions are available under both the standard light refurbishment product and the light refurbishment with drawdowns…...