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Bananas Inc unveils B2L self-cert mortgage

National packager and branded lender Bananas Inc has launched a buy-to-let tracker that doesn’t require proof of rental income.

Funded by The Mortgage Business, the House 2 House mortgage is aimed at those whose rental income is not enough to qualify for a standard buy-to-let mortgage. Instead of rental income, the product uses self-certified income to assess affordability.

Sue Cox, business manager at Bananas Inc, says: “There are a lot of budding property investors out there who, because of house price rises, can’t get finance because their rental income does not cover lenders’ mortgage multiples and our product is designed for them.”


IFAP welcomes NatWest sponsorship

IFA Promotion welcomes NatWest Business Bankings announcement that it is to become its latest sponsor, demonstrating further lender support for the IFA sector. The commercial lending arm of NatWest becomes IFAPs 32nd sponsor and its fifth mortgage sponsor. Alastair Hutt, head of introducer development for NatWest Business Banking, says: We recognise the importance of firms […]

Openwork adds e-conveyancing service to adviser toolbox

Openwork, the 2300 strong multi-tie, has launched a new conveyancing service for its advisers in conjunction with eConveyancer. The service comprises a preferred panel of seven leading solicitor firms, including Barnetts Solicitors, Enact, Gordons Property Lawyers, MyHomeMove, The PSM LawGroup, TLT and Wilson Nesbitt Solicitors. These firms have been carefully selected to provide geographical coverage […]

Pre-Budget 2005: Brown launches planning gains tax

Gordon Brown has unveiled a local planning gains supplement to give local authorities a fair share of planning gains to invest locally.The Government is also encouraging LAs to bring derelict sites back into use.

Home owners don’t know what a tracker is

Over 8.4 million home owners in the UK do not understand how a tracker mortgage affects monthly payments, research from Alliance & Leicester Mortgages reveals. And only 34% know the interest rate on a tracker mortgage is linked to the Bank of England base rate. Almost one in five think trackers mean monthly payments are […]

A guide to automatic re-enrolment

Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]


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