Allica Bank has expanded the use of an automated valuation model (AVM) in its bridging finance proposition. The bank has increased the maximum LTV from 70% to 75% and the maximum loan size for an AVM has moved from £750,000 to £2 million. It says… The post Allica Bank expands resi AVM bridging proposition appeared first on Mortgage Strategy.
Hampshire Trust Bank has promoted Athens Piponides to lending manager within its development finance team. Piponides took up the role yesterday after an internal recruitment process. Prior to the promotion, he spent more than two years as a relationship manager at HTB. In his new… The post HTB appoints development finance lending manager appeared first on Mortgage Strategy.
Pepper Money has reduced rates across its residential and buy-to-let (BTL)ranges. The latest changes include lower rates across Pepper Money’s BTL range for both personal and limited company landlords, as well as reductions across residential two-year fixed products up to 75% LTV. Selected five-year fixed… The post Pepper, Leeds, Keystone, April and Rely make rate changes appeared first on Mortgage Strategy.
Stamp duty is deterring millions of people from moving home and weighing heavily on housing transactions, according to research from Yorkshire Building Society. Reducing barriers to moving and restoring the number of housing transactions back to historic highs could boost the economy by £66bn over… The post Stamp duty deterring millions of movers: YBS appeared first on Mortgage Strategy.
Evolve Lending Group has joined the Bridging & Development Lenders Association (BDLA) as a lender member. Evolve Lending Group is an independent, privately-funded secured lender operating in an exclusive joint venture partnership with Empowered Pensions Group. Evolve provides standalone first-charge bridging over £750,000, as well… The post BDLA adds Evolve as lender member appeared first on Mortgage Strategy.
