Leadbay says it has generated £73.8bn worth of business for brokers in just over two years since its launch. It says half a million borrowers have used the site to seek mortgage advice since its 2003 launch and it passes almost £3.5bn of untapped mortgage business on to brokers every month.
Year-on-year gross mortgage lending rose 8% in May to £19.7bn, figures from the British Bankers’ Association reveal. The BBA says this is the highest level of new business since November, reflecting strong remortgaging activity and in line with the usual yearly pattern of stronger lending in the summer months.
Brokers say the base rate hike to 5.75% will feel like a nail in the coffin for borrowers and first-time buyers alike.Jonathan Cornell, technical director at Hamptons International Mortgages, warns the base rate hike will hit borrowers hard.He says: “The Monetary Policy Committee’s decision to raise the base rate this month will feel like another […]
Only one in 12 people who are planning to apply for a mortgage in the next three years would be happy to borrow 5 x income, according to mform.co.uk. Research by the price comparison website also shows that only one in 24 consumers would be willing to risk taking out mortgages worth 6 x salary […]
Kensington Mortgages founder Martin Finegold has closed a £450m fund invested in US sub-prime mortgage debt as a result of the US sub-prime crisis. Finegold, who is also the former chief executive officer of Trigold, set up London fund manager Cambridge Place with Goldman Sachs banker Robert Kramer in 2002. One of its funds, called […]
Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]
News and expert analysis straight to your inboxSign up