Monday 31st of July:
1: TAB has informed us that on their medium-term commercial mortgage, they have an official launch date of Sept 16th and we will be updated on product specifics before this date.
2: Conister Bank has increased the yields on their hard and soft assets so that the minimum yield is now the same for both at 9.75% per annum+
3: Arkle have increased their asset finance rates for August by 0.5% on their yields across their product suite. Investec and Quantum increase their rates for Asset Finance and Professions Loans.
4: Haydock also increase their rates with new cards saved in their section. A new card for vehicles and classic cars is also under hard assets.
5: Aldermore BTL brings out some limited edition products that are a fraction cheaper than their standard product on both their single and multi-unit property products.
Wednesday 12th of July
1: Selina Finance increase their rates for secured business loans.
Tuesday 1st of August
1: Due to the nature of how they lend Asset Advantage are now present under the secured loans section of Business Cashflow as well as their place within asset finance.
2: When Interbay released a new product guide last week what wasn't pointed out was that they had also dropped their minimum loan level on commercial and semi-commercial investment from £2m back to £500k - so a real help.
Wednesday 2nd of August
1: Great news that Barclays Bank has bumped up our commission on commercial deals from 0.65% to 1% going forward.
2: LendInvest brings out a new set of BTL rates and reduce the fixes substantially by increasing the arrangement fee. For example, the 5.49% 2-year fix with a 5% fee has been reduced to 4.59% with a 7% arrangement fee.
3: Landbay bumps up the costs of their valuations for HMOs and MUFB's big and small.
Thursday 3rd of August
1: As both entities are part of OneSavings bank both Precise and Interbay increase their stress test on the overall portfolio of properties held by a client. Background portfolio must be less than 85% LTV and income stressed at 5.7% x 125%.
2: Market Harborough finally bring out a product guide relating to their expat and holiday let mortgages - saved in their section in specialist BT Lets.
Friday 4th of August
1: Lendinvest brings out a new guide to reflect yesterday’s increase in BBR.
2: Catalyst increases their rates across their bridging product range. A new guide is saved in their sections in LenderHub but for rates at distinct LTV's details are on their website.
3: New guide for Fleet Mortgages saved in their section with amended variable rate products.