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SimplyBiz eyes £150m flotation

SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as an […]

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Property transactions remain flat in January: HMRC

The number of residential property transactions stayed flat in January, according to HM Revenue & Customs. HMRC’s latest monthly housing data shows that on a seasonally-adjusted basis there were 102,610 housing transactions in January. This is 0.1 per cent lower than the number of transactions record in January last year (102,720), and only a marginal […]

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TML revamps product range

  The Mortgage Lender has revamped some of its product range following market feedback. The lender will also no longer cascade based on credit score. This means brokers get certainty on the rates on offer upfront. TML is also increasing its maximum LTV for first-time buyers from 80 to 85 per cent. The lender is […]

Committee calls for “simplification” of draft tenant fees bill

Local authorities have urged politicians to simplify the draft tenant fees bill to ensure it can be effectively enforced. Speaking at a Communities and Local Government Committee meeting, Bournemouth Borough councillor Robert Lawton said the current draft legislation was “open to abuse” with a complex range of fees that could still be charged to tenants. […]

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LendInvest launches new buy-to-let calculator

LendInvest has launched a new online buy-to-let calculator for intermediaries. This new online tool will calculate the LTV, annual rental yield and maximum gross loan amount for both individuals and limited companies. The calculator is designed to give an accurate borrowing range and cover criteria for single properties, HMOs, and multi-unit freehold blocks. LendInvest says […]

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Octane Capital appoints new business development manager

Bridging specialist Octane Capital has appointed Francesca Woodhouse as its new business development manager. Woodhouse joins from Avamore Capital, where she was a senior BDM. Prior to that she worked at Clydesdale for a decade in various roles, including credit analyst and private client specialist. Since its launch last May the lender has grown its initial […]