View more on these topics

BM Solutions plans to offer B2L cascading

BM Solutions has confirmed it is working on a technology solution that will allow it to offer buy-to-let cascading.

At the moment, the HBOS lender informs brokers verbally when it is unable to lend the desired rental cover but it hopes in time to be able to use technology to cascade borrowers down to more suitable levels of cover.

Paul Hunt, head of marketing at Platform, which already offers buy-to-let cascading between 125% and 110% rental cover, says: “The buy-to-let market is maturing so cascading is a natural progression. It’s offering customers choice and as long as we stay responsible there is nothing wrong with that.”

But Jonathan Moore, head of marketing at Mortgages for Business, says: “The problem is that lenders are charging large arrangements fees for offering these cascading facilities.”


Crown appointed by 5D Finance

5D Finance has appointed Crown Mortgage Management as its servicing partner. 5D Finance will continue to process applications in-house through to completion. Crown will administer completed 5D Finance mortgage loans, working with 5D Finance through the securitisation process and thereafter.Keith Howard, chief executive of 5D Finance, says: Crown has experience, advanced and flexible systems and, […]

Lenders and brokers honoured at MT Awards

Mortgage Times paid tribute to its lender and intermediary partners last night at its annual awards ceremony at the glamorous Claridges Hotel.One highlight from the night was Platforms head of sales Richard Beardshaw making the winning bid for the charity auction, donating 6,600 to The Nation Deaf Childrens Society and winning himself three nights in […]

AfI to sponsor AMI dinner again

Abbey for Intermediaries will be the main sponsor of the Association of Mortgage Intermediaries’ annual dinner on June 19. This is the second year the lender has sponsored the event.


News and expert analysis straight to your inbox

Sign up