Market Financial Solutions has reduced rates across its product range. The specialist lender has cut rates on its Bridge Fusion range, which is a hybrid of a bridging loan and a longer-term buy-to-let mortgage.  Introduced in June this year, the product allows a longer term… The post Bridging and BTL lender MFS cuts rates across range appeared first on Mortgage Finance Gazette ..read more

Bridging loan books reached almost £8.4bn in the second quarter of this year, the Bridging and Development Lenders Association (BDLA) reveals. The latest figures show that bridging completions grew to a record £1.74bn in Q2 this year, representing a 15.4% increase compared to the first… The post Bridging loan books reached record levels in Q2: BDLA appeared first on Mortgage Finance Gazette ..read more

Bridging Trends contributors reported £201.8m in bridging loans in Q2 2024, a 2.9% increase on Q1’s £196.2m. The latest figures represent the highest Q2 figure since Bridging Trends records started in 2015. Bridging Trends combines bridging loan completions from several specialist finance packagers operating within… The post Bridging lending reaches highest Q2 figure on record: Bridging Trends appeared first on Mortgage Finance Gazette ..read more

Norton Group has appointed Daniel Jones as bridging and commercial sales manager. Jones joins Norton Group with over 14 years of expertise in lending. Previously, he has served as a senior business development manager at Reparo Finance, specialising in first and second charge secured lending.… The post Norton Group hires bridging and commercial sales manager appeared first on Mortgage Finance Gazette ..read more

Pivotal Growth has acquired Charleston Financial Services after receiving approval from the Financial Conduct Authority (FCA). Charleston is a mortgage and protection broker based in Milton Keynes and specialising in the commercial, bridging, buy-to-let and houses of multiple occupancy sectors. The broker was established in… The post Pivotal Growth receives FCA approval to acquire Charleston Financial Services appeared first on Mortgage Finance Gazette ..read more

LendInvest Mortgages is offering up to 70% LTV for regulated bridging, providing greater flexibility and options for customers this summer. The lender’s bridging products feature Automated Valuation Models (AVM), dual representation, and require no signatures at application, all transacted quickly on the portal. Commenting on… The post LendInvest increases flexibility on regulated bridging option appeared first on Mortgage Finance Gazette ..read more

KSEYE has enhanced its loan size criteria, doubling its maximum loan size to £50m. The bridging loan specialist’s higher maximum loan size applies across residential, mixed-use and commercial property types. It will be available in London, the home counties and across major cities in England.… The post KSEYE doubles maximum loan size to £50m appeared first on Mortgage Finance Gazette ..read more

Hampshire Trust Bank has expanded its bridging team with four new recruits. Nathan Wilson joins as senior underwriter, tasked with building relationships with key partners, helping the division grow business and developing new products. Nathan spent 10 years at UTB and was the first winner… The post HTB strengthens bridging team with four new hires appeared first on Mortgage Finance Gazette ..read more

Alternative Bridging Corporation has hired Sirui Liao as a case manager to strengthen the support on offer to brokers. Liao joins from Profound Financial Consultancy, where he was a mortgage administrator, helping to facilitate all stages of the residential and buy-to-let application process. His experience… The post Alternative Bridging boosts broker support team appeared first on Mortgage Finance Gazette ..read more

Sharia-compliant bridging finance lender Offa has launched into the buy-to-let market. The fintech firm says it is powered by the latest software and aims to "disrupt and transform the traditionally old-fashioned and cumbersome world of Islamic finance." The new deals are available for property in… The post Offa launches into buy-to-let market appeared first on Mortgage Finance Gazette ..read more