Commercial

Mortgage, scrabble, stock

Topaz Finance set to launch two mortgage brands

Topaz Finance is set to launch two new UK mortgage companies. The firm has registered two new names and logos, Jasper Mortgages and Rosinca Mortgages, according to recent Intellectual Property Office filings. The firm’s mortgage servicer parent, Computershare, declined to comment on any plans for the two new firms. But Computershare has previously announced plans […]

Opinion: Why increased due diligence is needed in development

More development projects than ever are being undertaken around the UK, thanks to a heady mixture of international capital attracted by Sterling weakness, structural supply issues, permitted development rights and a rapidly growing list of lenders ready and willing to lend. Residential is driving the lion’s share of this activity, taking up two thirds of […]

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Specialist lending boom set to continue: IMLA

    Specialist mortgage lending was £17bn in 2016, up 240 per cent from lows of £5bn in 2009, according to the Intermediary Mortgage Lenders Association. A new IMLA report says specialist lending has grown 19 per cent every year since 2009. The trade body’s report says it seems ” specialist lenders are now in a […]

Paradigm add BuildLoan to mortgage club panel

Paradigm Mortgage Services has added construction finance provider BuildLoan to its mortgage club panel. As a result, Paradigm member firms have access to BuildLoan to source help and guidance, and to find the most suitable financial solutions for their homebuilding clients. BuildLoan provide exclusive products via its own lender panel and offer features including higher LTVs […]

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Clever Lending partners with LendInvest

Clever Lending has been made a strategic partner of bridging specialist LendInvest. The firm will be able to distribute LendInvest’s specialist bridging and development finance products. LendInvest offer rates as low as 0.64 per cent on its products, catering for lending on buy-to-let investment and commercial property. Brokers can now deal directly with Clever Lending […]

Construction Building 480

Housebuilding “defies expectations” as construction dips

Brexit uncertainty has seen construction fall to a year low, according to a leading survey. The latest Markit/CIPS Construction Purchasing Managers’ Index (PMI) dropped to 51.1 in August, from 51.9 in July. Any reading above 50 shows expansion while a score below 50 indicates stagnation. While house building activity climbed in August, a fall in […]