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News
LV= adds interest reward option to lifetime mortgage range
5+ day, 7+ min ago (523+ words) LV= has launched a lifetime mortgage product that rewards clients for making regular interest payments, giving advisers a new later-life lending option LV= has added a new product to its Lifestyle lifetime mortgage range that discounts the interest rate for…...
TAB structures £611,250 bridge on dual exit routes to secure above-market LTV
1+ week, 4+ day ago (277+ words) Why TAB's Iver bridge shows brokers the value of backup exits TAB has completed a £611,250 first-charge bridging loan built around two separate, pre-agreed exit routes, allowing the facility to proceed at 75% loan-to-value in a market where average bridging LTVs have…...
Bridging lender Hope Capital hits record-low default rate
2+ week, 5+ day ago (436+ words) Hope Capital's named-contact model drives repeat business as its loan support team expands Hope Capital Property Finance has recorded its lowest ever loan default rate, with defaulted loans now resolved 30% faster than a year ago. Redemptions managed by the firm…...
HSBC cuts rates and raises lending limits for residential mortgages
3+ week, 4+ day ago (277+ words) Lender increases maximum borrowing to £5 million and reduces select rates by up to 0.20% HSBC UK has lowered mortgage rates by up to 20 basis points and raised its maximum lending limits across residential purchase and remortgage products, with both changes taking…...
AFG Home Loans, Bridgit team up on bridging finance offering
3+ week, 5+ day ago (319+ words) The white-label product gives AFG brokers a dedicated product for clients buying before they sell Australian Finance Group (AFG) has added a bridging finance product to its AFG Home Loans range, with AFG Home Loans Bridge now available nationally to…...