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Aldermore increases bridging proc fees to 1.75%

Aldermore has raised procuration fees for bridging cases by 75 basis points to 1.75 per cent. Further, the lender has slashed valuation fees for bridging customers by £500 until 1 May. It says customers will pay just £5 for a valuation on a residential property worth £240,000 and £310 for commercial premises of the same […]

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Packagers team up to track bridging sector

Packagers have joined forces to launch a new quarterly series highlighting lending trends in the bridging sector. The companies involved include Brightstar, Enness Private Clients, Positive Lending, SPF Shirt Term Finance and bridging lender MTF. Its first report, published today, shows 69 per cent of loans written in the first quarter were unregulated. The average […]

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DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]

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