Author Archives: tony
First Complete has best month for mortgages
First Complete this week celebrates its third birthday under LSL Property Services. It celebrates in some style as April proves to be the most successful month for mortgages in the network’s history, both in terms of the number of …
Posted in Mortgages
Tagged First Complete, LSL Property Services, Mortgages, Toni Smith
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Buy-to-let sector continues to grow
Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders. This compares with £4.6 billion the previous quarter, …
Repossessions 17% lower in first quarter of 2013 than 2012
The rate of repossession in the three months January to March remained at 0.07% for the fourth consecutive quarter, according to data published today by the Council of Mortgage Lenders. This rate is the equivalent of fewer than 1 in 1,400 …
Lending to first-time buyers increases in February
The number of first-time buyers increased by 3% in February, marking the best start to a year since 2008, according to new data released today by the Council of Mortgage Lenders. Activity in the first-time buyer sector was 17% stronger …
4,000 tenants fall into severe arrears on rent
Severe arrears over the last 12 months are now 20% above the long-term average Strained tenant finances are reflected in evictions, with court orders up 5.7% in Q4 The number of tenants in severe arrears has increased, reversing much …
Aldermore cuts buy-to-let and residential mortgage rates
Aldermore has reduced its rates on the following buy-to-let and residential mortgage products: Residential: 2 year fix: rates have been cut by up to 0.6% 3 year fix: rates have been cut by up to 0.2% Buy-to-Let: …
Posted in Mortgages
Tagged Aldermore Bank, buy to let, Charles Haresnape, residential mortgages
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Low-cost investment property funding, exclusively via 3mc
Leading mortgage distributor 3mc is giving brokers access to some of the cheapest investment property funding currently available in the UK. The funding, which is available exclusively via 3mc and provided by Aldermore Commercial Mortgages, is available on …
Posted in Mortgages
Tagged 3mc, Aldermore Commercial Mortgages, Doug Hall, Rob Lankey
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Monmouthshire Building Society Appoint e.surv as Panel Manager
Monmouthshire Building Society has appointed e.surv chartered surveyors as panel manager, following a detailed evaluation process. The appointment reflects the Society’s growing requirement for valuation services as it expands across the UK. ‘We are pleased to have met the …
Aldermore opens-up criteria to allow family gifted deposits and extends new build offer period
Aldermore has opened-up its residential and buy-to-let lending criteria to allow full family gifted deposits, as well as extending the offer period allowable on new build properties. Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: “To date, …