View more on these topics

West Brom launches buy-to-let products

West Bromwich continues to go from strength to strength in the buy-to-let sector.

Lending through the intermediary channel was the highest it has been this year, and 55% of that lending was buy-to-let.

The greatest increase in business has been witnessed in the West Midlands and Yorkshire and the North East, up 22% on Julys figures.

James Taylor, mortgage product manager at West Brom, says: We are now entering our seventh consecutive month of increase in buy-to-let lending and there are no signs of it slowing.

We are also experiencing record turnaround times as our standalone assessment criteria provides a streamlined, efficient process for both brokers and customers.

West Brom is launching a number of products on October 17, including, 4.54% fixed flexi until December 31 2007 with a 1.5% arrangement fee, a 4.79% fixed flexi until December 31 2007 with refunded valuation, free legals for remortgages and 1.5% arrangement fee, a 4.89% fixed flexi until December 31 2007 with an 899 arrangement fee, and a 5.29% fixed for three years with free valuation, free legals for remortgages and a 649 arrangement fee.

All of these products are on daily interest, allowing overpayments, underpayments and payment holidays. They are also available to 85% LTV with 125% rental cover calculated at payrate.


Buy-to-let increases by 50%

Research from Mortgages Direct, the financial subsidiary of haart estate agents, reveals that buy-to-let investors are returning to the market with a 50% increase, making up 12% compared with last months 8% seeking buy to let mortgages from Mortgages Direct.The index also reveals that first time buyers continue to show reluctance to enter the market […]

Help for north east businesses

Local businesses are being encouraged to take advantage of the free help and advice on offer in the region from HM Revenue & Customs.HMRC Business Support Teams are holding a series of workshops across the North East to support new and small businesses and help them get to grips with the requirements of setting up […]

Amber appoints development manager

Christian Rolfe has taken up the post of development manager for Amber providing sales coverage in the southern region of the country.Rolfe has a wealth of experience in the mortgage sector, having worked within both packaging and lending markets in the past.He says: “I am looking forward to developing strong relationships with intermediaries and improving […]

The Exchange and Just Retirement partnership

The Exchange, a supplier of portal services to IFAs and part of the Financial Services Division of Vertex, has entered into a strategic partnership with Just Retirement, the annuity and equity release specialist.The Exchange is offering 10,000 Exweb subscribers 12 months free access to its equity release trading platform courtesy of Just Retirement. Subscribers taking […]


News and expert analysis straight to your inbox

Sign up