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WebFleet widens lending criteria with further borrower and limited company enhancements
1+ hour, 48+ min ago (293+ words) Fleet Mortgages has made further changes to its lending criteria to support a wider range of landlord borrowers and limited company structures. The buy-to-let (BTL) lender will now consider joint applications involving foreign nationals if one applicant holds a British…...
Market Harborough Building Society acquires £120m Gen H mortgage portfolio
7+ hour ago (387+ words) Market Harborough Building Society has acquired a £120m mortgage portfolio of loans originated and managed by Gen H, supporting its growth strategy and focus on borrowers needing a more flexible approach. The society said the deal underlines its appetite for purposeful…...
Lender approval named most stressful part of mortgage process
6+ hour, 22+ min ago (183+ words) Boon Brokers research found 88% of recent UK borrowers found their most recent mortgage application stressful, with waiting for lender approval identified as the most stressful stage. Waiting for lender approval is the most stressful part of the mortgage application process,…...
88% of borrowers find mortgage applications stressful, Boon Brokers finds
1+ day, 5+ hour ago (236+ words) New research from Boon Brokers found 88% of borrowers said their most recent mortgage application was stressful. Waiting for lender approval was the most stressful part for 29% of respondents, just ahead of finding the right mortgage deal at 28%. Survey and valuation…...
First-time buyers face nine month delay as house prices outpace savings, study finds
1+ day, 8+ hour ago (459+ words) First-time buyers are having to save an additional nine months to afford a deposit as house price growth continues to outstrip savings, according to research from Moneybox. Analysis by the wealth management platform found a buyer earning the average UK…...
Hope Capital Property Finance reduces rates on Max Net product
2+ day, 16+ hour ago (307+ words) Hope Capital Property Finance has reduced rates across its Max Net bridging product range following strong broker demand and the expansion of its institutional funding lines. The lender has cut residential rates to 0.87% at 75% net loan-to-value (LTV), while semi-commercial rates…...
Artillium Real Estate Finance arranges £2.55m loan for London property purchase
5+ day, 2+ hour ago (260+ words) By securing a competitive rate before market volatility hit, Artillium helped the clients save £56,412 in interest on their purchase. Artillium Real Estate Finance arranged a £2.55m loan for the purchase of a Grade II Listed Property in London. The finance followed…...
AI can strengthen property finance, if we keep people at the centre
5+ day, 7+ hour ago (339+ words) Peter Wade, chairman of BLG Development Finance, discusses the need for people-centred, responsible adoption of AI in property finance. The finance sector must ensure artificial intelligence (AI) is used to support better decision-making while preserving the judgement, accountability and trust…...
Landbay cuts rates across 18 Premier buy-to-let products
6+ day, 7+ hour ago (439+ words) Landbay has reduced rates by 0.05% across 18 Premier buy-to-let products and launched a new 2-year tracker product transfer option with no early repayment charges. Landbay has announced a further round of rate cuts across 18 Premier buy-to-let products. The lender has reduced…...
Pepper Money cuts rates across residential and affordable home ownership range
6+ day, 5+ hour ago (194+ words) The new rates are available now across all residential, Shared Ownership, Right to Buy and Help to Buy products. Pepper Money has cut rates across its residential and affordable homeownership mortgage range, including reductions to several 2-year fixed rate products....