The Mortgage Strategy Awards, held last month, offered many insights into the state of the industry. And one thing that jumped out at this year’s event was that the future of this industry is in good hands. Smart, ambitious and very energetic – the next generation arriving right now is an impressive group that has …

The industry just celebrated 25 years of Rental Mortgage (BTL), but you’d be forgiven for thinking it’s been around much longer. It seems to have always been there but, like all mortgages, it was introduced for a reason: to fill a gap. We all know BTL is a big part in the transition industry. Much …

Halifax is increasing its maximum loan-to-income multiple from 5x earnings to 5.5x from Thursday. The higher LTI multiple will apply to those earning over £75,000 and borrowing up to £1m at less than 75% LTV. However, for the self-employed or anyone using an affordable housing program, the LTI multiple remains capped at 4.49 times earnings. …

As we all finally settle into the full impact of Section 24, the recent government tax reshuffle has thrown another wrench into the work for rental owners (BTL). While they are certainly not industry-wide of the aforementioned interest relief changes, the changes to Dividend Tax, Corporate Tax, and National Insurance (NI ) will impact many …

Affordability remains the main disadvantage for people wishing to buy a home, which is why government programs such as Home Buyer’s Assistance have proven to be popular. Buying aid is due to close in 2023 and there are private companies looking to fill the void, but another way to get a foot on the housing …

When it comes to submitting applications to lenders, a slow turnaround time is the main pet peeve of mortgage brokers. During the first lockdown, when the market had to adapt to remote working, brokers faced new challenges. Subsequently, the stamp duty exemption led to a dramatic increase in demand as borrowers hoped to take advantage …

Two large equity release lenders have started to tailor rates to individual borrowers and their properties, which is expected to trigger a trend in the industry. Earlier this year, Pure Retirement revealed that it will introduce custom interest rates based on each borrower’s zip code, property type, age, and loan amount. The lender continues to …

Recently, the UN released a damning report on global climate change. There were disturbing findings as to where we might be headed unless some serious changes take place. It’s the latest in a long line of calls for the global community to come together to tackle the problem, but it’s a stark reminder of the …

Mortgage Broker Tools has added Octane Capital to its MBT Affordability research platform panel. Lender specializes in complex BTL loans with no stress tests on residential and semi-commercial assets, freehold multi-unit buildings, multi-occupancy homes, properties over commercial, older community homes local and vacation rentals. Its offers are available to first-time buyers, first-time owners, borrowers with …

TORONTO, October 6, 2021 / CNW / – Crestpoint Real Estate Investments Ltd. (“Crestpoint”) is pleased to announce that it is expanding its product offering to include a dedicated commercial mortgage strategy. The Commercial Mortgage Strategy (“the Strategy”) will be led by Blake Steels, Vice-President, Head of Mortgage Investments. Steels, a seasoned private market real …

Bluestone Mortgages has relaunched its Help to Buy (HTB) range of mortgages, which is now available across the market. Products are available at up to 75% LTV over a five-year term, with rates starting at 4.50%. There are no application fees and each mortgage comes with a free standard appraisal. The maximum loan amount is …

In general, 15 years is not an advanced age for a company, unless it operates in the transition sector. In October we celebrate our 15th anniversary. The milestone presents an opportune time for reflection. In 2010 gross bypass in the UK was estimated at £400 million. In 2019, this had reached £4 billion. The bridge …

According to Rightmove, one million households saved £6.1billion when they moved during the stamp duty holiday. The data from the online estate agent comes after the end of 15-month tax relief in England and Northern Ireland yesterday, after it was introduced by Chancellor Rishi Sunak last July to revive an industry that had stagnated in …

Dudley Building Society has lifted the discounts and loan value range on its Right to Buy products. The mutual says that the product now benefits from a higher term discount of 1.20%, compared to 1.00%, against the standard variable rate of 4.99%, and is currently fixed at 3.79%. The LTV was increased to 85%, at …

The average rate paid by life mortgage borrowers has fallen 41% or 2.39 percentage points over the past five years, saving £ 10 billion, according to Responsible Life’s analysis. Clients of the stock release paid an average of 3.4% last year, up from 5.79% in 2015, according to the broker. Calculations are based on data …

The boost people received for their financial well-being after the foreclosure measures started has diminished, according to Scottish Widows. The company’s latest household finance index fell from 44.7 in the second quarter of 2021 to 44 in the third quarter of 2021, despite the first increase in household income from employment since the first quarter …

Every time I see mention of the term “downward revaluation” I can’t help but think what an ever-present bone of contention this has been in my 35 years in the mid-market mortgage market, and yet it continues to be a misunderstood aspect of the home buying process. So it was with a wry smile that …

You might be able to go back, but I would be surprised if you remember exactly what you were doing on March 21, 2016. This date, however, was momentous for the entire mortgage market – and in particular for advisers, as it saw the introduction of the Mortgage Credit Directive (MCD) into UK financial services …

Coreco has hired Nick Morrey as Technical Sales Manager to manage his team of brokers. The firm says Morrey will be responsible for growing its team of brokers in London, at its new office in Southend and across the country. He adds that the new technical sales manager “will help provide technical assistance to brokers, …

NatWest has made a series of reductions in its new businesses and existing customer lines up to 69 basis points. In the lender’s base line for new business, the biggest rate cut for a two-year fix is ​​the 80% free LTV product, which was reduced by 25 basis points from 2.08 % to 1.83% and, …

Bluestone Mortgages has appointed Chris Holcomb as Director of New Builds and National Accounts. Holcomb joined Vida Homeloans where he was Director of Corporate Sales and previously Corporate Account Director at Bank of Ireland. In both roles, he was responsible for managing relationships with a number of corporate networks, clubs and packing partners to secure …

Together has priced its first residential mortgage securitization at £ 318million. The portfolio consists of a portfolio of owner-occupied and rental residential mortgages secured by properties in England, Wales and Scotland. The Cheadle-based specialist lender has raised or refinanced more than £ 1.9bn since the start of this year to support its loans. Together Chief …

Standard Life has launched a free service to help pension plan members plan to purchase their first home. The new service called Homebuyer Hub was developed in collaboration with Life Moments. In February, Phoenix Group announced the acquisition of the Standard Life brand, which was finalized in May. Standard Life is now part of the …

Santander for Intermediaries will launch two remortgage deals tomorrow (September 9) and make discounts of up to 20 basis points on selected residential products in its new lines of mortgages for new business and product transfer. While the Dudley Building Society claims to have “opened” its line of self-employed mortgages with one year of accounts. …

Anti-money laundering firm SmartSearch has launched SmartDoc, a technology tool that authenticates paper documents used in the real estate, legal and financial services industries. The Leeds-based company, founded in 2005, says the product combines state-of-the-art facial identification technology and machine learning interrogation to check whether these the documents are “authentic and unaltered”. Organized crime gangs …

Wayhome has started buying properties through what he calls a ‘phased homeownership’ model using £ 500million in funding provided by pension providers. The scheme is an alternative to traditional condominiums, but it allows buyers to purchase homes with a 5% down payment and it is not limited to new construction. Wayhome says the program allows …

Tipton & Coseley Building Society has increased its maximum LTV for raising capital to 80%. The higher LTV threshold applies in cases where the borrower does not use the released money for commercial purposes. Money raised can be used to improve the home, buy additional land, buy freehold, extend a lease, pay off an equity …

Describe your business in a few sentences. We are a very active small family business in the heart of Bicester. I have been in the business for almost 20 years and focus on mortgages. I have also worked closely with my personal assistant for almost 12 years, Vicky Rock, and my daughter, Nina, who after …

If you were to become self-employed, you would hire a qualified accountant. If you wanted to write a will, you would hire a qualified lawyer. If you were not well, you would obviously seek advice from a qualified doctor. Using this logic, then, it makes sense that when it comes to your biggest asset – …

Starling Bank acquired Fleet Mortgages for £ 50million in cash plus a stock transaction. This move will see Starling act as the sole funder for the purchase and lease transactions in which Fleet specializes. Starling’s latest business update, released on July 22 of this year, reports that the bank has £ 5.8bn in deposits in …

An agreement for the acquisition of Foundation Home Loans by Athene Holding Ltd. was concluded. The New York Stock Exchange listed company specializes in the issuance, reinsurance and acquisition of retirement savings products. It was established in 2009 and has offices in Bermuda, the United States and London. The Foundation says its operations make it …

Zoopla claims that its recently launched In Search ads generate a click-through rate that is more than five times that of similar display advertising. In Search ads are sold on the real estate portal’s ad search pages, which he says attracts more than 120 million views per month. He adds that the ads, launched a …

American Express has partnered with Better.com and Rocket Mortgage for its new foray into mortgage lending. The financial services giant is now offering its existing card members basic statement credits totaling $ 2,000 for compliant loans and $ 6,000 for jumbo loans if created or refinanced through one. or the other partner company. The credits …

My alarm clock rings at … … 7am, to get up and get ready for work, which starts at 8am. I’m not very early in the morning, so every extra minute in bed counts – I even have my coffee in a “to go” mug! My role is currently based … … Between our lovely …

HSBC cut rates on its entire range of mortgages to 0.20%, leading to an offer of less than 1%. The discount applies to over 20 mortgage products on all LTVs, including the bank’s 95% LTV mortgage guarantee program rates. Following the update, the two-year 60% LTV fix, with a fee of £ 999, now comes …

Kensington Mortgages has finalized a green bond securitization worth £ 750million, which the specialist lender says will help ‘get borrowers to buy energy efficient properties or renovate existing buildings’ . It says the deal is a lender’s first green bond in the UK asset-backed securities market, making the company the third issuer in Europe to …

Image Credit: Shutterstock The pandemic has led to a savings boom, but many mortgage experts suggest that because the wealthiest households are the main beneficiaries, it is unlikely to help many more first-time buyers access finance. real estate scale. Numerous studies have shown that households have set aside over £ 100bn in excess deposits as …

Transfer panel supplier LMS has struck a deal with the Darlington Building Society that will see the mutual join its panel. The construction company becomes the 29th lender on its LMS Panel Link service. LMS says it offers “a fully vetted secure panel that meets exact company requirements.” He adds that the panel “also provides …

Around 250,000 borrowers are currently classified as ‘mortgage prisoners’ in the UK. Individual circumstances vary, but ultimately these borrowers are unable to remortgage or get better mortgage deals, either because of equity or affordability concerns, or because their provider has no money. appropriate new or cheaper offers to offer them. As a result, some of …

According to data from Responsible Life, the amount of equity released by lifetime mortgage customers has jumped 31% in one year, driven by a “rush to the middle class”. The end-of-life mortgage broker says the average amount released by its clients over the past 12 months rose from £86,000 to £112,700 in April. He says: …

The MCI Mortgage Club has added specialist lender United Trust Bank to its panel. United Trust Bank lends on first and second mortgages up to £ 500,000 and will accommodate non-preferred clients and non-standard construction property types. The bank has flexible criteria for salaried and self-employed clients and does not establish a credit score. Last …

Habito returned to 80% loan-to-value, across its buy-to-lease range for two- and five-year fixed rate products. The online mortgage company has also cut rates for its existing fixed products to 75% LTV over 5 years. Habito’s 80% LTV, two-year fixed rates start at 3.89% and five-year fixed rates start at 4.15%. Its five-year 75% LTV …

HSBC UK is reducing rates on all LTVs in its range of mortgages, up to 0.30%. The lender made the move because it recorded its busiest month in terms of mortgage lending in March and onboarded more than 100 brokerage firms in the past eight weeks, for a total of 400 partner brokerage firms. Highlights …

Forgestone Capital CEO Trevor Blakely. (Courtesy of Forgestone) Forgestone Capital was formed eight years ago and has grown into a full-service real estate investment company with $ 6 billion in assets under management and an additional $ 1 billion in development projects. Along the way, Forgestone assembled a team of 19 people with expertise in …

Just under one in five first-time buyers got a mortgage on their first attempt last year – up from a rate where almost half of new homebuyers had their initial application accepted in the year preceding the pandemic, according to Aldermore. Only 19% of FTBs were accepted for a mortgage on the first attempt in …

Trevor Blakely, CEO of Forgestone Capital. (Courtesy of Forgestone) Forgestone Capital was established eight years ago and has grown into a full-service real estate investment firm with $6 billion in assets under management and an additional $1 billion in development projects. Along the way, Forgestone has built a team of 19 people with expertise in …

If you’re looking for a new home, you’ll probably need a mortgage to finance it (unless you have several hundred thousand dollars in the bank). And it’s always a good idea to shop around for a mortgage rather than accepting the first offer you get. The reason? Each mortgage lender is unique, so you can …

Image source: Getty Images A higher interest rate on a home loan isn’t always a bad thing. If you’re looking for a new home, you’ll probably need a mortgage to finance it (unless you’re sitting on several hundred thousand dollars in the bank). And it’s always a good idea to shop around for a mortgage …

Vida Homeloans’ parent company has completed its sixth residential mortgage-backed securities deal, raising £350m from a pool of buy-to-let and owner-occupied mortgages. Specialist lender Belmont Green Finance said the transaction, called Tower Bridge Funding 2021-1, is backed by a range of banks including Barclays, JP Morgan and Santander. He added that the deal had “significant …

Habito has launched a fixed rate mortgage with a term of up to 40 years. Available from 60 percent LTV to 90 percent LTV, Habito One begins with a 10-year option and increases from five years to 40 years. Habito said it plans to introduce a 95% LTV option “later this year”. At 60 percent …

We often see very wealthy clients who have significant assets but are having difficulty finding a mortgage due to their income profile. You know the customer profile I’m talking about; you probably meet them a few times a year. They usually have a large, valuable house, which may have been bought by their parents or …

Kensington Mortgages has agreed to a securitization worth £ 472million, which the specialist lender says is “a critical part of the funding cycle” allowing it to target underserved lending markets. The lender said the oversubscribed deal attracted 28 investors to four loan tranches at a total cost of 66 basis points in the UK residential …

Renting had never been on Liz Hamburger’s card, choosing instead to put money aside each month while living with her parents and heading to London. She is gradually saving and in December 2016, Liz, now 29, buys her first house with her then boyfriend. Obtaining a mortgage with a down payment of 10%, Liz says …

The most popular video on Sam Kwak’s YouTube channel has 3.5 million views. There is nothing fancy. Just half an hour of conversation with Kwak. A few sheets of printer paper and a thick black Sharpie his only accessories. But it does offer something viewers can’t resist: the promise to magically pay off a mortgage …

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) – Institutional Mortgage Capital (“IMC”) is pleased to announce the launch of the open-ended Active Mortgage Fund (“AMF”). The AMF was initially launched as a closed-end fund in December 2016. The AMF was converted from a closed-end fund to a variable-capital fund, effective January 1.st of this year. “The …

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) — Institutional Mortgage Capital (“IMC”) is pleased to announce the launch of the open-end Active Mortgage Fund (“AMF”). AMF was initially launched as a closed-end fund in December 2016. AMF transitioned from a closed-end fund to an open-ended fund, effective January 1st of this year. “The Canadian commercial mortgage …

eMoneyHub, parent company of peer-to-peer lender JustUs, has hit its £1.3m fundraising target to launch its People’s Mortgage product in the second quarter of this year. The goal was reached in three days and supplied by 281 investors. This latest funding round comes on top of the £1.2m the lender has already secured, …

TORONTO, July 14, 2020 (GLOBE NEWSWIRE) – The Downing Street Group, a Toronto-based real estate investment firm, today announced the launch of its $ 100 million private placement offering on DealSquare for Downing Street Premium Yield Mortgage Fund LP (“DSPYM”). Powered by NEO technology, DealSquare is a joint initiative between Silver Maple Ventures and NEO …

TORONTO, March 11, 2020 / CNW / – Forgestone Capital is pleased to announce the successful closing of another $ 100 million in the capital commitments of its institutional partners in Forgestone Mortgage Fund LP. The Forgestone Mortgage Fund is an open-ended investment vehicle focused on preserving capital and providing investors with consistent, stable and …

TORONTO, March 11, 2020 /CNW/ – Forgestone Capital is pleased to announce the successful closing of another $100 million in the capital commitments of its institutional partners in Forgestone Mortgage Fund LP. The Forgestone Mortgage Fund is an open-ended investment vehicle focused on capital preservation and providing investors with regular, stable and risk-adjusted returns. Forgestone …

Writs filed in the Supreme Court of Victoria document the default of numerous loans to finance developments and allege that investors suffered loss and damage due to the conduct and actions of Oliver Hume. The relief sought includes fair financial compensation, including payment of interest owed and the removal of Oliver Hume as trustee of …

VICTORIA – Essential workers in British Columbia who are struggling to afford a home in the community where they work may soon have access to a new mortgage financing solution for buying a first home. A mortgage investment company (MIC) launched by the non-profit organization British Columbia Construction Association (BCCA) aims to make it easier …

Victoria Mutual Building Society (VMBS) President and CEO Courtney Campbell announced on Friday the launch of a new 100% mortgage offering for Jamaican self-employed and contract workers. These groups, including taxi drivers, hairdressers, plumbers, electricians, micro-business owners and contract workers have often been denied loans and mortgages because their incomes “were inconsistent”. Campbell said during …

Secure Trust Bank has confirmed it will stop granting new mortgages following consultation. The bank said it would not offer new mortgages to borrowers “until terms become more favourable” and contacted staff about it. The current economic climate, increased competition and pressures in the housing market were highlighted as having contributed to the decision. Existing …

Secure Trust Bank has started a consultation on a proposal to stop granting new mortgages. The lender says the action is taken in light of the current economic climate, increased competition and pressures in the housing market. The company intends to operate as normal throughout the consultation and says there will be no impact on …

Strict visa regulations and concerns made it difficult for many Americans citizens to obtain mortgages on properties in the UK. Helen Burggraf watches the banks put the pieces together Americans living in London are no different from other Londoners in one respect: it doesn’t take long for them to start talking about property and their …

The cost of mortgages in the country could drop significantly in the coming days as the government steps up its intervention in the housing sector. The New Times understands that a $ 150 million loan from the World Bank Group is expected to be approved in about a month, and the proceeds from the sale …

Investors backed a Dutch residential mortgage fund, managed by NN Investment Partners, to raise more than €2 billion in 30 months. Since its launch in November 2015, NN Dutch Residential Mortgage Fund has received commitments from Dutch institutional clients and overseas investors, helping it break through the €2 billion mark at the end of May …

WASHINGTON — After several years of preparation, Fannie Mae and Freddie Mac will begin issuing a new joint mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency announced Wednesday. Currently, the two government-sponsored companies issue mortgage-backed securities through the market to be announced. But this will be replaced by the Uniform Mortgage-Backed Security, …

“Old Fashioned” Mortgage Offers: Why Bother? We live in the internet age and yet it is common to receive a mortgage offer in the mail. Why do you get such offers, and are they good? The answers may surprise. Check your new rate (November 26, 2021) The mortgage offer and targeted marketing “You have no …

“Old-fashioned” mortgage offers: why bother? We live in the age of the Internet, yet it’s common to receive a mortgage offer in the mail. Why do you receive such offers and are they good? The answers can be surprising. The mortgage offer and targeted marketing “You don’t have any privacy,” Scott McNealy said in 1999, …

ORLANDO, Florida., September 15, 2016 /PRNewswire/ — Legion Capital Corporation, a direct-to-market venture capital firm managed by a renowned venture capital executive Jim Byrd and president Brad Hilton of the renowned Hilton Hotel family, announced the launch of their new venture capital fund, LEGION HIGH YIELD MORTGAGE FUND I, LLC, a $25 million real estate …

new York: JPMorgan Chase & Co announced Friday that it agreed to pay $ 4.5 billion to settle claims from investors who lost money on mortgage-backed securities before the collapse of the US real estate market. The bank struck a deal with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and …

New York: JPMorgan Chase & Co said Friday it had agreed to pay $4.5 billion to settle claims from investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market. The bank made the deal with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, …

* Carlyle Capital’s collapse resulted in $1 billion in losses * Lawsuit charges Carlyle with negligence * Suit says Carlyle should have acted faster to save funds NEW YORK, July 7 (Reuters) – The Carlyle Group is being sued by the liquidators of a bankrupt mortgage-backed securities fund set up by the private equity group, …