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Wave modifies product range

Wave has revamped its mortgage range. Its buy-to-let rental income calculations are now set at 120% of the reversion rate and its maximum loan size has fallen to 300,000. The lender has also withdrawn its near-prime rates.

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Elephant Loans & Mortgages set to buy Financial Trade Partnership

Elephant Loans & Mortgages has agreed outline terms to acquire Financial Trade Partnership, which operates the UK’s largest network of secured loan advisers.Given the relative size of FTP to Elephant, the deal requires the approval of the company’s shareholders at a general meeting of the company.Once appropriate legal and financial due diligence has been completed […]

TMA adds conveyancing partners

The Mortgage Alliance has teamed up with CAL and Easier2Move to offer its members competitive and flexible online conveyancing services.TMA has linked with CAL and Easier2Move in order to increase its member’s choice by offering comprehensive deals for clients who are purchasing, selling or remortgaging. Both propositions offer a very competitive broker commission of £150 […]

Bank bosses go head to head with PM

Bosses of the UK’s biggest banks will today hold talks with the Prime Minister in a bid to devise urgent solutions to the credit squeeze.

Crisis could cost $1trillion

The International Monetary Fund predicts the losses resulting from the global economic crisis could hit nearly $1trillion. Its Global financial stability report suggests that what began as a liquidity crisis is now evolving into a more serious long-term problem.

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]

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