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Online estate agency Hatched closes

Connells Group has announced that it will close online estate agency Hatched to all new business with immediate effect. The group believes that the online-only/hybrid business model is not commercially sustainable and that it wishes to commit entirely to its high street estate agents. In a statement the group says that it will “seek to […]

Landbay partners with Sesame and PMS Mortgage Club

Specialist lender Landbay has joined Sesame and PMS Mortgage Club’s panels. Alongside Landbay’s online intermediary portal, which includes case tracking, intermediaries will be able to access products aimed at portfolio and first-time landlords, limited companies, new build properties, HMOs and MUFBs. Landbay managing director of intermediaries Paul Brett says: “We are hitting new lending records […]

Lendinvest adds 5-year fix to BTL range

LendInvest has launched a five-year fixed-rate loan at 3.89 per cent with a reversion rate of 3.8 per cent plus LIBOR. The launch comes as part of updates to the company’s buy-to-let loan range. The new BTL product will be available up to 75 per cent loan to value, its interest cover ratio calculation is […]

Liz Syms

Assetz Capital in network tie up with Connect

Peer-to-peer lender Assetz Capital has agreed a tie up with mortgage network and broker Connect for Intermediaries. In its first such deal with a mortgage network, Assetz Capital will provide commercial loans, development finance, bridging and buy-to-let to brokers. The lender will provide first and second charge loans with rates starting from 0.59 per cent […]

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Mortgage confusion biggest hurdle for buyers

The process of applying for a mortgage is the biggest challenge to buying a home, according to research from Experian. It found 24 per cent of survey respondents believed the mortgage process was the biggest challenge to buying a home, ahead of the 22 per cent who believed securing a deposit to be the biggest […]

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FCA closes investigation into four life insurance firms

Countrywide Assured and Old Mutual are among four life insurance providers to have avoided sanctions from the FCA as the regulator completes its investigations into firms’ closed-book practices. The FCA has ended its inquiry, more than two years after it originally reviewed 11 providers over how they treated longstanding customers. The regulator expressed particular concerns […]