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.
Nearly three quarters (71%) of professional property investors plan to invest in Build to Rent developments, Handelsbanken’s fifth annual Property Investor Report reveals, despite a sharp fall in the number of new BTR homes starting construction. Handelsbanken’s research found almost two thirds (63%) plan to… The post Nearly three quarters of property investors plan Build to Rent investment: Handelsbanken appeared first on Mortgage Strategy.
Yorkshire Building Society has appointed Catherine Mather and Sophia Kettle to senior leadership roles within its homes division. Mather will lead residential mortgages, with responsibility for developing the society’s proposition and customer experience. She brings extensive industry experience, including senior leadership roles at NatWest, with… The post YBS appoints Mather and Kettle to homes division appeared first on Mortgage Strategy.
Redwood Bank has launched a residential buy-to-let (BTL) bridging proposition, comprising of two new products. The new bridging products focus on standard bridging for residential landlord property purchases, development exits and refinancing. They also focus on residential landlord refurbishment bridging for improvements, designed to enhance… The post Redwood Bank launches resi BTL bridging offering appeared first on Mortgage Strategy.
Ecology Building Society has launched a mortgage product to help first-time buyers in Scotland. The new Ecology First Homes Mortgage (Scotland) can be used by anyone purchasing a property using the Scottish Government’s First Homes Fund. Ecology becomes the 11th official lender of the fund.… The post Ecology launches mortgage to help FTBs in Scotland appeared first on Mortgage Strategy.
The squeeze on first-time buyer affordability reached its most severe level since the global financial crisis in June, according to new data from UK Finance. Mortgage payments for the typical first-time buyer amounted to 22.6% of gross income, the highest proportion recorded since the financial… The post Squeeze on FTB affordability hit post-credit crunch peak in June appeared first on Mortgage Strategy.
