Cheval Bridging Finance is looking to boost its lending volumes in the run-up to Christmas with the launch of a new marketing campaign. Under the slogan ‘Perfect 10’, the firm is seeking to promote the benefits of bridging finance to the wider broker community.
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Economist John Wriglesworth has called for a ban on high income multiple variable rate products.Speaking at today’s Mortgage Business Expo in London, he says that while he welcomes fixed rate high income multiple products he warns that variable rate options pose a “dangerous” and “unacceptable” risk to consumers.Wriglesworth says: “Variable rates with high income multiples […]
Lenders have been slammed by Victoria Mortgages for continuing to discriminate against borrowers on the basis of age.Last week Advantage revealed that it was joining Victoria in scrapping maximum age limits on its sub-prime range to allow people to take out mortgages despite being aged over 65 at completion.But while Victoria welcomes Adv-antage’s move it […]
The average house in England and Wales now costs more than £200,000, figures from the Land Registry show. Its latest quarterly report, which studies sales between July and September, shows that the average price rose to £211,453, up 9% on the year. The most expensive county in which to buy a property was Surrey, where […]
Primrose is offering a 99 valuation and legal fees deal from today to coincide with the launch of its online service Evaluate at the Mortgage Business Expo.It says the deal is a knock on result of the IT platform which has allowed the firm to make significant cost savings.All data captured in the Evaluate enquiry, […]
It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]
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