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Savills gets into express bridging

Savills Lending Solutions is laun-ching an express bridging product funded by Lowry Capital.

An express bridge is aimed at customers who need to complete on bridging loans quickly. An agreement can be put in place guaranteeing completion within five working days, up to 70% LTV.

Rob Jupp, director of SLS, says it receives a lot of calls from brokers whose clients have been let down at the last minute and need help.

Jupp says: “This means they have to pay a penalty for late completion as they can’t get funds arranged quickly enough.

“SLS intends to be the market leader in the specialist market this year and innovations such as this from Lowry will help us achieve that goal.”


Floatation may fund Santander’s bid for RBS branches

Santander is thought to be consi-dering a floatation of its UK businesses as part of plans to buy up branches being sold by the Royal Bank of Scotland. RBS is selling 318 branches following a ruling by the European Commission in November which ordered the lender to offload assets to boost competition. Santander is tipped […]


Oxfam launches price comparison site

Oxfam says it wants to grab a slice of the multi-million pound online price comparison industry and has launched a new website which will ring fence at least two thirds of its entire revenue for the charity.

High SVRs are mad and mean lenders will lose business

I was intrigued to read that’s research seems to show the majority of borrowers would be better off remortgaging. It appears to me that there will be casualties in the industry as lenders with the highest SVRs are priced out of the market. It’s ludicrous to charge high SVRs when the base rate is […]


CML urges against B2L regulation

The Council of Mortgage Lenders has hit out at Treasury plans to regulate the buy-to-let sector, arguing that buy-to-let regulation will not lead to increased consumer protection.

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.


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