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News
Inspired Lending cuts bridging rates
4+ day, 3+ hour ago (180+ words) Its first charge bridging rate now starts from 0.75% per month, down from 0.79% previously. Meanwhile, rates for second charge bridging, heavy refurbishment, semi-commercial and commercial lending now start from 0.85% per month. The Pears family, owners of property firm William Pears Group,…...
Coventry Building Society extends valuation partnership with CSS for five years
5+ day, 10+ hour ago (195+ words) Countrywide Surveying Services has renewed its valuation services contract with Coventry Building Society for a further five years, with the agreement also covering Co-op Bank. Countrywide Surveying Services (CSS) has extended its long-standing relationship with Coventry Building Society under a…...
Halifax, BM Solutions, Accord and InterBay push rates up
6+ day, 5+ hour ago (202+ words) Lenders continue to announce rate hikes, with Halifax Intermediaries, BM Solutions, Accord Mortgages and InterBay launching higher rates from tomorrow (9 September). Halifax Intermediaries home move and first-time buyer rates will rise by as much as 0.12% on selected fixed rates products....
Recognise Bank completes £9.9m commercial bridging refinance
6+ day, 10+ hour ago (316+ words) Recognise Bank has completed a £9.9m bridging loan secured against commercial properties in London and Glasgow, allowing the borrower to refinance existing debt and progress its exit strategy. Recognise Bank has completed a £9.9m bridging loan to refinance existing debt secured against…...
Wrexham banker joins community lender BCRS in North Wales role
1+ week, 2+ day ago (388+ words) A Wrexham man has been appointed by community lender BCRS Business Loans to help businesses across north and mid Wales access finance. Rob Greasley, 48, joins as a business development manager and will work directly with business owners seeking to raise…...
Barclays reveals fast-track remortgage service giving offers within 24 hours
1+ week, 5+ day ago (372+ words) The new scheme will launch on Monday (7 September) and is aimed at homeowners who stick with existing lenders out of convenience and certainty. Renewing a mortgage is often seen as a complex and time-consuming process. Barclays said research shows, across…...
Newcastle BS cuts rates and adds trackers; Principality cuts PT rates – round-up
1+ week, 6+ day ago (220+ words) The cuts have been applied to selected purchase, remortgage and product transfer options on deals up to 95% loan to value (LTV). The mutual has also launched base rate tracker products. This includes a two-year tracker at 80% LTV, priced at 4.45% with…...
Newcastle for Intermediaries cuts rates across residential range
1+ week, 6+ day ago (198+ words) The lender cut rates by up to 0.25% and launched a range of Bank of England Base Rate Tracker mortgages. Newcastle for Intermediaries has reduced rates by up to 0.25% across selected residential mortgages. The reductions applied to selected purchase, remortgage and…...
UTB reduces 2-year BTL rates by up to 50bps
1+ week, 6+ day ago (224+ words) The lender has cut rates by up to 50 basis points, following a series of changes to its lending criteria intended to give brokers greater flexibility when placing and progressing cases. Standard buy-to-let two-year fixed rates now start at 3.89%, while specialist…...
Paragon reduces BTL rates up to 15bps
1+ week, 6+ day ago (251+ words) Products in its Core and Tailored propositions now start from 3.4%. Across the Core range, the cuts apply to two- and five-year fixed-rate mortgages for purchases and remortgages of single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs)....