Complex

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LendInvest launches into buy-to-let

LendInvest is launching a range of buy-to-let loans aimed at professional landlords and investors. The specialist lender, which to now has focused on bridging and development loans, says these new BTL mortgages will be “competitively priced” and include two-, three- and five-year fixes. Rates start at 3.69 per cent for a two-year fix at 60 […]

Together adds holiday let product as BTL alternative

Specialist lender Together has added a new holiday let product for purchase and remortgage. The lender says it has introduced the product in response to demand from professional landlords looking to rent out their properties on a short-term basis and that a growing number of investors are looking to holiday lets as an alternative to […]

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Recently rebranded Pepper Money hires London BDM

Pepper Money has appointed Phil Quinn as business development manager for London. Quinn joins Gordon Rae, who also has responsibility for London and the South East, and reports to Rob Barnard, director of sales. The announcement comes following Pepper Home Loans recent rebranding as Pepper Money as part of a ‘global rebranding exercise’ for the […]

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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 […]

Mortgage prisoners: does more need to be done?

More needs to be done to help mortgage prisoners stranded on higher-rate products. The FCA and lenders need to create more products to help those trapped in complex mortgages, say commentators. While first-time buyers and remortgagers are taking advantage of rock-bottom rates on mortgage products, those with more complex needs are underserved by the market. […]

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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 […]

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Charity offers lifeline to interest-only borrowers

Interest-only borrowers are being offered a new lifeline by a not-for-profit organisation. Portsmouth-based Parity Trust is offering vulnerable homeowners a new mortgage extension product. The product is aimed at helping those coming to end of their interest-only mortgage term. It allows homeowners to take out a new tailored loan through the organisation. Parity typically offers […]

‘Grass-roots’ packager Thistle launches

A packager has launched that proposes to support brokers around the UK and “restore the sector’s old fashioned values”. Edinburgh based Thistle Finance calls itself a ‘grass-roots’ packager and is looking to place a particular focus on the specialist lending markets in Scotland and Northern Ireland. The packager has begun working with Mortgage Advice Bureau […]