3+ day, 8+ 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,…...

1+ week, 5+ day ago   (376+ words) This would be a deepening of its loss of £900,000 in the first half of last year. Although the group said its business had been impacted, it reported progress in its core markets. This included an increase in assets under management,…...

1+ week, 5+ 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, 5+ 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, 4+ 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…...

1+ mon, 9+ hour ago   (257+ words) Essential market intelligence for committed mortgage intermediaries. Mortgage Solutions was the first magazine dedicated to the needs of mortgage intermediaries and has been serving the market since 1999. There have been many changes over this time. Demand for information has increased....

1+ mon, 10+ hour ago   (241+ words) The launch will give Scottish intermediaries access to Pepper Money’s specialist lending expertise and dedicated regional broker support. Pepper Money already offers its second charge proposition in Scotland. Pepper said the planned launch will build on its existing Scottish expertise…...

1+ mon, 1+ day ago   (175+ words) Joining the team as regional account manager for central London, Harry Galvin brings experience from both the intermediary and lender sides of the market. Galvin joined from Go Finance, where he worked as a mortgage broker. Prior to this, he…...