The MCI mortgage club has added Buckinghamshire Building Society to its panel. Buckinghamshire Building Society products include Joint Borrower Sole Proprietor with no maximum age, up to a 40-year term, and a reverse Joint Burrower Sole Proprietor product, which allows children to help out parents. With a limited number of higher LTV products currently available, […]
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One in five (21%) business decision-makers say they do not trust any of their anti-money laundering (AML) checks to be automated, despite this year’s lockdown preventing most physical checks. The findings from leading AML software provider, SmartSearch, show a distinct lack of trust in electronic checks and verification, with 47% of senior business figures showing […]
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Automated lettings platform PlanetRent has partnered with LegalforLandlords to support landlords with their legal requirements. LegalforLandlords provides anything from basic legal support to advice on dealing with difficult tenants, as it has experience in evictions, rent and debt recovery The Warrington-based service has an in-house legal team but also offers services from partners including the […]
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People are looking to stretch their mortgage term to keep their payments as low as possible, Knowledge Bank data indicates. Brokers are mainly searching for ‘Maximum Age at End of Term’ on behalf of homeowners, as people continue to struggle with the effects of the coronavirus pandemic. Matthew Corker, lender relationship manager at Knowledge Bank, […]
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Search Acumen has introduced artificial intelligence (AI) tools to speed up the legal due diligence involved in UK property transactions. The tools are used to progress transactions of property portfolios by interrogating and cleansing address data submitted by legal firms. The address cleansing tool reduces administrative time spent error-checking and correcting property addresses and creates […]
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Currently 70% of cities offer property sellers a good chance of completing their sale before the stamp duty deadline, research from PropCast shows. Those in London are unlikely to beat the deadline, unless it gets changed. Meanwhile people are unlikely to beat the deadline in Canterbury, Chichester, Durham, Lancaster, Lincoln, Newcastle, Oxford, Peterborough, Preston, Salford, […]
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London Central Portfolio (LCP) is experiencing an influx of international buyers, willing to blind purchase properties in prime London. The investment firm reported that 22% of acquisitions were bought sight unseen by overseas investors. Andrew Weir, chief executive of LCP, said “LCP is a respected and trusted set of eyes and ears on the ground […]
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Digital mortgage platform Koodoo has selected challenger credit reference agency Credit Kudos as Open Banking provider. Credit Kudos’ analysis and insights, based on real-time bank transaction data, will provide lenders with an up-to-date picture of a borrower’s financial health, helping lenders reduce application times whilst offering a better customer experience. The use of Open Banking […]
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London rents continued to slide on the eve of the second lockdown, as they fell by -2.6% between October and September and -3.7% annually. The typical rent in the capital is now £1,603, down from £1,665 last year. The research, from the HomeLet Rental Index, shows that when you take London out of the equation […]
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Specialist lender Together has committed to continue lending during the second lockdown. The lender will continue lending across its commercial and personal finance divisions to customers in mainland UK. Pete Ball, personal finance CEO, said: “We are committed to making our customers’ ambitions a reality by continuing to provide a normal service throughout the second […]
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