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Several lenders including Yorkshire and Clydesdale banks and Bank of Ireland recently announced increases in SVRs for borrowers over the coming months.
Kevin Thornton, MT Financial Services
An increasing number of bridging finance providers have entered the market recently, showing demand for short-term lending remains strong.
Mortgage Brain has completed the acquisition of point-of-sale and case management system provider, MortgageStream.
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; […]