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Commercial opportunity

European commercial properties may become bigger money-spinners than UK alternatives, fund manager and property analyst Seven Dials predicts.

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Dear Delia

My clients want to take out an interest-only mortgage and switch to a repayment mortgage in a couple of years. They have been renting for over three years but are not first-time buyers. Both work in London and earn basic salaries of 35,000 and 30,000 respectively. They also receive bonuses and commission. They want to buy a home in the next couple of months and have savings of 30,000 but two County Court judgements, with the latest registered four months ago. Is this a wise option?

Tudor launches online applications

Tudor has revealed that it now offers online applications for over 20 of its lenders.Jason Rogerson, managing director of Tudor, says: Technology developments are the key to packagers and distributors prospering over the coming year or two. “Those companies that dont grasp technology with both hands simply wont survive.From a practical point of view we […]

Cheval grows by 55% in 2006

Cheval has reported net sales growth of 55% in 2006. It attributes the increase to its approach to bridging, with LTVs viewed only as a guideline and not an obstacle. Cheval also believes the growth was also fuelled by its investment in service delivery and transparent bridging.Mark Posniak, director of sales and marketing at Cheval, […]

Nationwide to increase rates of variable products

Nationwide is increasing the rates on all of its variable rate and tracker mortgage products by 0.25% on February 1. The base mortgage rate will be increased from 6.49% to 6.74%. The society is also increasing the rates on its variable rate savings products at the same time as mortgages. Stuart Bernau, executive director of […]

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