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Commercial appointment

Steve Sales, formerly regional sales manager at Commercial First, has joined broker Verizon Capital as a commercial finance consultant.

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Weekly Update

Rate highlights:Residential3 year fixed rate @ 5.35%Early Repayment Charge: 4% year 1, 3% year 2, 3% year 3.Lender Arrangement Fee: £3,995 (can be added to the loan)A good value fixed rates available for loans between £500k-1m and up to 75% LTVBTLEarly Repayment Charge: 6% for 3 yearsLender Arrangement Fee: 2%A low fixed rate to protect […]

Scottish market set for growth

The Royal Institution of Chartered Surveyors predicts that the Scottish housing market will grow in 2008. Speaking at the Mortgage Business Expo Glasgow, David Stubbs, senior economist at RICS, said that while house prices were slowing across the UK, he expected the Scottish market to outstrip other parts of the country.

Base withdraws from adverse market

Base Commercial Mortgages is withdrawing its adverse lending facilities immediately.The company will continue to accept and underwrite applications from borrowers with a clean credit history and will consider proposals with historical adverse credit histories, which can be fully explained. All offers which have already been received will be honoured, but the company will no longer […]

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