Category: Lenders

Is paperless the future of mortgages?

RBS, NatWest and Ulster Bank have been using technology to complete paperless mortgages. These were launched in 2017, and now RBS has reviewed its paperless mortgages and concluded that on average paperless mortgages reduce the time it takes to complete a mortgage application by eleven days.

Clear Your Desk Friday webinars help brokers speak with specialists

Most loan applications that mortgage brokers deal with are straightforward, but sometimes they have clients whose finance requirements are more complex or unusual. To help brokers, BrightStar Finance has launched a series of webinars called Clear Your Desk Friday.

HMO property specialist valuations

An HMO is more difficult to value than other property, so needs a valuer who has specialist knowledge of HMOs.

Lenders are making it easier for buy-to-let mortgage borrowers

Regulation changes have made things more difficult for landlords. Tax relief on mortgage interest payments has been reduced and new affordability rules have made it tougher for some landlords to find

Lenders target first-time landlords

According to data from Moneyfacts, over the last year, there has been a rise of 13% in the number of buy-to-let mortgages that cater for first-time buy-to-let landlords. There is now a

Government changes will affect non-UK property owners

Two changes by the government will affect overseas investors that own property in the UK. In the UK Autumn 2017 Budget, the chancellor proposed that capital gains tax on property should extend to non-UK residents. This is the subject of a consultation paper. The government is expected to

What is lifecycle lending?

Lifecycle lending is the process where one lender fulfils all a borrower’s property financing requirements over a long period of time.

High street lenders are “inflexible”, claims expert

Mortgage expert Jane King, addressing delegates at the recent Financial Adviser Mortgage Masterclass, accused high street lenders of being too prescriptive and inflexible. Commenting on large lenders, she said:

Lenders urged to be cautious when dealing with inexperienced developers

Rebekah Commane, writing for the website Mortgage Strategy in October 2017, has claimed that many development project failures are due to developers who lack experience, expert knowledge, and enough resources to

Specialist lending increases by 19% a year

Gross annual lending from specialist lenders has increased by 19% a year since 2009, according to a report by the Intermediary Mortgage Lenders Association (IMLA). An