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Lehman brands to use AVMs

Lehman Brothers’ four mortgage brands are set to use automated valuation models provided by Hometrack.

Simon Hinshelwood, chief executive officer of Lehman Brothers’ Mortgage Capital businesses, says: “In certain circumstances we will allow our packagers the option of instructing an AVM through Hometrack.”

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Tenancy Deposit Solutions reveals fees for agents

Tenancy Deposit Solutions has revealed its tariff for agents who join its tenancy deposit protection scheme.Fees will be payable by agents on a pay-as-you-go basis. A one-off joining fee is required per branch in order to set up an account, 100 for members of the Association of Residential Letting Agents, National Association of Estate Agents, […]

Firstplus appoints new MD

Neil Radley has been appointed managing director of UK secured lending at Baclaycard, which encompasses Firstplus, and its sister company Broker Ridge. Radley has for the last two years been working on venture capital projects in the UK and Italy. Between 1999 and 2005 he held a number of senior roles in HBOS including chief […]

RBS slashes BTL rate

Royal Bank of Scotland Intermediary Partners will be cutting the rate on its NatWest buy-to-let two-year fixed rate mortgage to 5.35% from 5.74%. The bank has also raised the LTV on interest only buy-to-let mortgages to 85% from 75%.

February gross mortgage lending 14.9bn, says BBA

Gross mortgage lending fell in February but was up 7% on the previous year, analysis by the British Bankers Association reveals.In February gross mortgage lending stood at 14.9bn, well down on the 16.6bn seen in January.There were 167,000 mortgages approved for all purposes in February. Earlier house purchase approvals data has been re-stated from last […]

Stop letting targets get in the way of delivery

The positivity at RESI was pleasing to see, with lots of encouraging discussion about the private rented sector (PRS), the possibility (or hope) of stamp duty cuts on the way in the Autumn Statement and the general prospects of residential property in this post-Brexit vote world. However, that positivity was often tinged with some negativity […]

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