View more on these topics

BuildLoan helps the self employed

BuildLoan, the intermediary arm of self build and renovation specialist BuildStore, is offering intermediaries an even wider choice of mortgages for their customers with the launch of a raft of products from The Mortgage Business aimed at people who are self employed.

All four of the new TMB products are self certification, which means they are suited to people who are contract workers, self employed or freelance.

Each offers a range of benefits to self builders and renovators, including; a two-year fixed, a three-year fixed, a tracker and a cash back mortgage.

All offer a Loan to Value of 85% and are available as an interest only or repayment only loan, or as a mixture of both.

TMB’s lending philosophy is based on customers’ ability to repay the mortgage, rather than on an income multiple as with most high street lenders.

Raymond Connor, founder and chief executive for BuildStore, says: “Self builders and renovators have an entrepreneurial spirit and a great many are self employed so our latest range of self cert mortgages is likely to be very popular.

“BuildLoan continues to strive to provide the widest possible choice and flexibility to brokers, enabling them to respond to their clients’ individual needs.”


Enterprise welcomes FSA wake-up call to sub-prime advisers

Michael Clapper, CEO of London-based Enterprise Group, has welcomed the findings of the recent FSA review on sub-prime mortgage advice and warned brokers to see it as a wake-up call.The review conducted by the FSA, was to assess whether advisers were taking reasonable steps to ensure that recommendations to take out sub-prime mortgages were suitable […]

Needy are least likely to get help

A series of studies carried out for the Joseph Rowntree Foundation reveal that those in greatest need of assistance have the worst access to opportunities and services. People who most require good health care, education, jobs, housing and transport continue to struggle 60 years after the founding of the welfare state, the JRF’s assessment of […]

LIVE FROM JEREZ: Majority of brokers still uncertain of HIPs plans

The majority of intermediaries are still uncertain of their plans regarding Home Information Packs.A technology panel debate at Mortgage Strategy’s Mortgage Summit in Jerez revealed that while many intermediaries know what the packs will entail, few have an idea of the impact they will have on the market.See next week’s magazine for the full story.

A&L mortgages introduces greater flexibility

Alliance & Leicester is introducing greater lending flexibility as it moves away from using traditional income multiples to assess how much customers can borrow. This new flexibility is aimed to help more people afford homes that were previously out of their reach and will particularly benefit those with higher disposable incomes and first time buyers.The […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


News and expert analysis straight to your inbox

Sign up