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MPC split on April rate cut

Three members of the Bank of England’s Monetary Policy Committee voted against April’s base rate cut. Tim Besley, David Blanchflower and Andrew Sentance voted against it, saying the economic slowdown is not as severe as expected.

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C&G joins Connect’s preferred panel

Connect Mortgage Group has added Cheltenham & Gloucester to its preferred panel.Adrian Dunn, managing director at Connect, says: “Their products linked with our service standards, of an offer being produced within 15 days, make for a very powerful partnership.“This is the first addition of many high street lenders to our panel. It seems that lenders […]

B2L brokerage on Sunday Times list

The Money Centre was placed 38th in The Sunday Times’ national league table of the top 100 UK firms with the fastest growing profits. It’s the first time the specialist buy-to-let brokerage has featured in the Profit track 100.

Dear Delia

Dave is an experienced buy-to-let investor who sees opportunities in the current market to grow his portfolio. He has agreed to buy a discounted property in a private sale and the vendor wishes to complete as quickly as possible. The agreed purchase price is £200,000 but the property’s true value is £235,000, which he knows valuers will confirm. How can he maximise his borrowing and save his cash for further purchases? Delia says: A bridging loan may be the solution as Stuart Law of Assetz Finance and Steven Marks of Newcastle point out. Have you got a problem for Delia? Email mortgage.strategy@centaur.co.uk

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