“First-time landlord” top BTL search: Knowledge Bank

The top mortgage criteria search under the buy-to-let category in March was, according to Knowledge Bank, ‘first-time landlord’.

This was followed by ‘lending to limited companies’, ‘requirement to be a homeowner’, ‘houses of multiple occupation’, and ‘first-time buyer’.

Knowledge Bank adds that within the residential category, two out of the five searches included maximum ages – ‘maximum age at the end of term’ at number one and ‘maximum age at application’ in the third slot.

Meanwhile, within the second charge category, debt issues dominated, much as they did last month, with three of the top five searches including financial stress, specifically: ‘capital rising for debt consolidation’ at number two, ‘mortgage or secured loan arrears or defaults’ at three, and ‘debt management plan – ongoing/ current’ as the fourth most looked-for criteria.

‘Maximum loan to value’ was the most searched criteria in this category, and was also the top search for the self-build, overseas, and commercial categories.

In equity release, ‘tenure’ was number one in March, with ‘timber framed construction’ and two, and ‘non-standard construction’ coming next.

Knowledge Bank chief executive Nicola Firth comments: “As we head into the second quarter of 2019, the landscape for brokers advising clients continues to be more and more complicated.

“Everyone in the housing market is reacting to external financial and competitive forces within a period of unprecedented change with Brexit, and mortgage and loan providers are no exception.

“There are daily changes to both products and criteria – the reality for brokers is that borrowers are unaware or unconcerned as long as they can be paired with the right product from the right lender.”



Debt issues dominate second charge mortgage searches: Knowledge Bank

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Credit adverse criteria climb search rankings: Knowledge Bank

New data from Knowledge Bank shows that two criteria searches featuring adverse credit conditions broke into the top five residential searches for the first time in January. Specifically, the fourth most searched for term at the start of this year was ‘capital raising – debt consolidation’ and the fifth ‘defaults – unsatisfied’. At number one […]

Knowledge Bank launches criteria analysis tool

Knowledge Bank has announced the launch of Knowledge Insights, a tool that allows lenders to see what the most popular lending criteria is in real time. Using the Knowledge Bank database as a source, the company says that the data gleaned from up-to-date interrogation will allow lenders to develop products and criteria based on the […]


Ami warns mortgage brokers to check PI cover for 1 April

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Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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