Author Archives: tony
North-South divide in Repossessions widest in six years
Home repossessions 33% higher in the North than the South 72% of Northern towns have more repossessions than UK average North-West, Wales and Yorkshire repossession hotspots But there are regional disparities, with repossession rates rising quickly in some areas …
Aldermore launches limited edition buy to let mortgage
Aldermore, Britain’s leading challenger bank, has launched a new limited edition buy to let mortgage in light of the thriving housing market and growing demand from landlords. The variable rate product is being offered at an interest rate of …
Saffron For Intermediaries launches new mortgage range
Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has announced the relaunch of its mortgage range, which will be available from 31st October 2013. Highlights of the updated range include: No Early Repayment Charges on …
Case Study: HMO deal in Manchester
This case is a good example of the kind of specialist deals on which Shawbrook thrives, but which are not always favoured by traditional lenders. HMOs provide attractive opportunities for experienced property investors to benefit from high rental yields, …
Home-owner house purchase lending up for sixth successive month
New CML data released today on the profile of lending in August shows: Total home-owner house purchase lending continued to grow, up 7% on July and 15% on August last year. First-time buyers took out 27,100 loans in August, …
OneSavings Bank to offer mortgages through Help to Buy scheme
OneSavings Bank plc, the challenger bank, announces its first securitisation transaction, Rochester Financing No. 1 PLC, which will sell £253m of Class A mortgage backed securities (expected ratings AAA/AAA from S&P and Fitch) and £20m of Class B mortgage …
TBMC teams up with new buy-to-let lender
TBMC, the buy-to-let and commercial mortgage specialist, has launched two exclusive buy-to-let mortgage products with Hanley Economic Building Society. These include a 3.99% variable discount for term up to 75% LTV with a £995 arrangement fee, and a 4.95% …
Mansfield chooses Richard Scott to lead intermediary development
The Mansfield Building Society has appointed Richard Scott as Business Development Manager to lead the development and growth strategy of the Mansfield’s intermediary channel as they look to further enhance their proposition to the broker market. Richard joins the …
Quarterly gross mortgage lending up 32% on last year
Gross mortgage lending held steady in September and was an estimated £16.2 billion, according to the Council of Mortgage Lenders. This is only a slight change to August’s gross lending total of £16.4 billion and is 41% higher than …