Catherine Cortez is an architect and interior designer Working from home tends to be the most preferred way of working in the recent past probably because of the better work-life balance it provides. Not having to deal with stressful commutes, having flexible working hours, as well as working in your own personal space has a […]
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Masthaven Bank has appointed Leigh Bartlett as chief executive, with previous CEO and founder Andrew Bloom stepping down to a non-executive director role. Bartlett has been promoted from chief financial officer. She first joined the bank from technology company FNZ in May 2019, while she has previously held CFO positions at Williams & Glyn, Westpac […]
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More than 69,000 Bounce Back Loans worth over £2bn have been approved during the first 24 hours of the scheme. The seven largest lenders (Barclays, Danske, HSBC, Lloyds, RBS, Santander and Virgin Money) received more than 130,000 applications on the first day of the scheme, which launched on Monday. Chancellor Rishi Sunak said: “Small businesses will […]
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Over half (52.9%) of landlords aren’t considering applying for the Scottish government’s interest free loan, a survey from Edinburgh estate agent Portolio found. Despite this stat almost a third of landlords would struggle to pay their buy-to-let mortgage if their tenants could not pay rent. Ross Macdonald, co-founder of Portolio, said: “We discovered that over […]
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The COVID-19 pandemic has had its benefits for the property industry and up-and-coming companies according to Luke Smith, director of development and investment consultancy Avory Smith. Smith reckoned the pandemic has forced companies to improve their use of remote working technology, while the chaos caused by the situation has made it easier for his firm […]
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Windsor-based retirement village Castle Village is now offering virtual property tours, highlighting how tours of these kind are becoming increasingly common. Those considering moving into a retirement village, or looking to help a loved one, can explore the building remotely, from the front door to the lounge, to the choice of apartments, the restaurant, bars […]
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Specialist lender West One Loans has reintroduced its buy-to-let second charge product range. The lender accepts applications from self-employed borrowers up to 75% loan-to-value, while it accepts AVMS on Apex 1 plans up to 65% LTV. The lender has removed restrictions on acceptable loan purposes. Marie Grundy, sales director for West One said: “I am […]
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British buyers of property overseas through a mortgage from a foreign bank are having a tough time seeking assistance during the COVID-19 pandemic, overseas property professional Simon Conn said. The exception appears to be banks in Italy, who have shown willing to renegotiate the interest rates on loans. Meanwhile Italian mortgage contracts normally have a clause […]
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By Jan Večerka, chief executive and founder of BrikkApp The coronavirus is currently devastating the economies of nations around the world, with many countries attempting to precariously balance health and economic interests. As a result, nearly every industry has taken a hit as people simply can’t afford as much in light of the current crisis. […]
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The Financial Conduct Authority has warned mortgage firms to treat customers fairly by reviewing their mortgage rates. This in particular applies to lenders with ‘mortgage prisoners’ on their books, people who don’t qualify for a remortgage under modern stress testing standards who remain on variable rate mortgages they took out before the global financial crisis. […]
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