Em-commercial has appointed a team of experts to bolster its commitment to commercial lending. The team, comprising bankers and administration experts, has a mandate to improve em-‘s processes.
Average rents have risen 4% during Q1 and 12% over six months to reach a new record of more than £1,000 per month, says Paragon Mortgages.
Gross lending by building societies fell £1.808bn to £3.631bn in March 2008 compared to £5.439bn in March 2007, new figures reveal.
Mortgages for Business has increased the number of staff in its business-to-business operation. Mike Freeman, who previously worked for Mortgage Trust, has been appointed to manage MfB’s technical desk and deal placement team.
Tightening criteria, direct-to-consumer product ranges and lenders considering proc fees cuts – there’s been a lot for brokers to contend with recently.
This year looks set to bring a new danger for pension savers and their employers.
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