Latest News

Cocktail of regulation and innovation drives second charge BTL surge

23RD MAY 2017, BY BRADLEY MOORE

A growing number of clients are using second charge buy-to-let mortgages as new restrictions for landlord loans start to bite. We have seen a noticeable increase in the demand for second charges this year since tougher rental calculations were imposed by the Prudential Regulation Authority (PRA). Many borrowers are finding they are unable to raise the required additional capital with first charge lenders and are now turning to second charge lenders for their help.

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Secure Trust Bank expands partnership with Brightstar

25TH MAY 2017

Secure Trust Bank has extended its partnership with Brightstar Financial to make its mortgages available to more intermediaries across the UK.

The London Stock Exchange-listed bank signed a deal with Brightstar in April 2017, but its mortgages were limited to Mortgage Advice Bureau (MAB) brokers only. The bank’s mortgages will now be available to over 7,000 intermediaries that currently work with Brightstar.

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Brightstar makes three new hires for HNW business, Sirius Property Finance

6TH APRIL 2017

Brightstar’s high net worth business, Sirius Property Finance, has continued its strong start by taking on three new team members and moving to larger office premises. Robert Heywood has joined bringing a wealth of experience gained from roles as both a business development manager for specialist lenders and as a commercial & development finance broker.

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Specialist deals must be signposted for borrowers

9TH MARCH 2017, BY MICHELLE WESTLEY

If someone can’t get a mainstream mortgage, they should be informed of other available options. It’s hardly a radical idea. It has been nearly three years since the Mortgage Market Review entered force and the impact has been significant. For starters, most mortgages are fully advised, borrowers must provide more information on their income and spending, and liar loans are dead.

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Specialist Lending Solutions

4tTH MARCH 2017, BY JEFF LIST

If someone can’t get a mainstream mortgage, they should be informed of other available options. It’s hardly a radical idea. It has been nearly three years since the Mortgage Market Review entered force and the impact has been significant. For starters, most mortgages are fully advised, borrowers must provide more information on their income and spending, and liar loans are dead.

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Building Firm Foundations

2ND MARCH 2017, BY CLARE JUPP

Brightstar Financial is today raising its concerns for the ‘Credit Crushed’ with the housing minister Gavin Barwell. Last month, Brightstar which is on course to hit £1bn of annual specialist lending completions in 2017, launched a campaign to shine a spotlight on ‘Credit Crushed’ borrowers.

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Bridging Introducer February 2017

2ND MARCH 2017, BY KIT THOMPSON

So we’re already well in to February and the year has started with bang in the bridging sector. The rate war for the cheapest bridging rate is well under way, with Masthaven offering a 0.49% pm rate on prime bridging loans sub 40% LTV. Precise are offering 0.54% via their Premier Panel members, up to 50% LTV and UTB have also repriced to offer rates to rival both. Shawbrook remain market-leading at 70% LTV and I expect we’ll see new rates from Octopus any day now.

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Careers Insight: Changing views on mental illness

1ST MARCH 2017, BY CLARE JUPP

According to the Government, one in four people experiences a mental health disorder at some point in their life, at an annual cost to the UK of £105bn. Statistics also show that young people are affected disproportionately, with over half of mental health problems starting by the age of 14 and three-quarters by 18.

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