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Why we need an ombudsman for landlords

Why we need an ombudsman for landlords

This year could be an interesting one for landlords if Secretary of State for Housing, Communities and Local Government Sajid Javid makes good on some proposals he made towards the end of 2017.

09 Jan 2018

Innovation - the spark needed to drive BTL forward

Innovation - the spark needed to drive BTL forward

Readers of my columns will know my opinion on unnecessarily stringent age restrictions on buy to let mortgages.

15 Dec 2017

How well do development lenders understand construction?

How well do development lenders understand construction?

All development lenders worth their salt should have a profound understanding of various construction techniques.

14 Dec 2017

Crossing the right bridge with the right lender

Crossing the right bridge with the right lender

Figures from the Association of Short Term Lenders have shown that bridging lending reached £857m in Q2 this year, up 12.1% from Q1.

13 Dec 2017

Property should not be politicised

Property should not be politicised

Philip Hammond’s Budget had a couple of surprises in store – not least the decision to scrap Stamp Duty for first time buyers on properties up to £300,000. Thankfully, however, the general consensus that the buy to let sector would be left out of this year’s Statement after being pummeled in the last few financial announcements proved to be correct.

24 Nov 2017

NOTES FROM THE ROAD #2: Spotcap at the Commercial Finance Roadshow in Derby and Reading

NOTES FROM THE ROAD #2: Spotcap at the Commercial Finance Roadshow in Derby and Reading

This week's Notes from the Road is from Spotcap's commercial partnership manager, Shyam Lakhani, on his experiences in Derby and Reading...

16 Nov 2017

Investment in rentals is good - for everybody

Investment in rentals is good - for everybody

Development finance brokers and investors are sure to be feeling quite positive at present. The call for more build to rent developments – which featured in both the Housing White Paper and Theresa May’s Conservative Party Conference speech – delivers huge amounts of opportunity to the development sector.

24 Oct 2017

We need to stop, collaborate and listen

We need to stop, collaborate and listen

We recently held our Buy to Let Events in Bracknell and London which, I’m pleased to say, were a great success.

25 Sep 2017

What a new entrant to the market means

What a new entrant to the market means

According to reports The Mortgage Lender is set to expand into buy to let in the very near future. Trevor Pothecary’s new venture which launched into the market last year is reportedly launching into the buy to let space in Q3 and may also expand into bridging and second charge if the buy to let launch goes well.

21 Jul 2017

Letting a master broker take the strain when it comes to bridging

Letting a master broker take the strain when it comes to bridging

As the summer begins in earnest – I’m sat here watching both the tarmac and the people outside slowly bake – our minds might begin to turn to holidays and the thought of that fortnight break with nothing to worry about but at what point you take that dip in the pool.

10 Jul 2017

 

The bridging scene – opportunities despite challenges

The bridging scene – opportunities despite challenges

Issues such as adverse credit, affordability and stricter stress testing and lending criteria are continuing to affect an investor’s ability to obtain mainstream funding.

06 Jul 2017

Why development finance needs dedicated advice

Why development finance needs dedicated advice

Understandably, this General Election focused more on the housing market than any other, certainly in the past couple of decades.

15 Jun 2017

Why the bridging market needs further regulation, not blanket regulation

Why the bridging market needs further regulation, not blanket regulation

In October last year it was reported that unregulated bridging loans were continuing to outstrip regulated ones.

14 Jun 2017

Helping brokers spot missed opportunities in commercial finance

Helping brokers spot missed opportunities in commercial finance

I read an interesting article recently on the missed opportunities in commercial finance.

24 May 2017

Risk averse P2P lending is not a contradiction in terms

Risk averse P2P lending is not a contradiction in terms

The NACFB is pleased to note an important change to its Professional Indemnity Insurance product. After a lot of work with Towergate Insurance and Funding Circle, the NACFB’s members can now arrange an unrestricted number of commercial loans with peer-to-peer lenders without jeopardising their insurance cover.

05 Apr 2017

Do fintech firms run the risk of depersonalising the borrowing experience?

Do fintech firms run the risk of depersonalising the borrowing experience?

We seem to live in an age where we are in so much of a rush that we feel the need to constantly shorten phrases down into catchy soundbites; Brexit, fintech and Brangelina all seem to be the products of the portmanteau addicts amongst us that are far too busy to have the time to articulate their original elongated versions.

29 Mar 2017

Stopping the demonization of professional landlords

Stopping the demonization of professional landlords

New rules from the Prudential Regulation Authority are now in play. As of January 1st, landlords must prove they can obtain higher rents in relation to their mortgage repayments in order to receive the mortgage, along with passing stricter stress tests.

10 Feb 2017

Sweating the small things

Sweating the small things

There’s been no tailing off of interest from new lenders coming to the NACFB in the first month of 2017. When we are building a full panel of lenders, we have to tailor that panel to the actual demands from small businesses.

02 Feb 2017

Choosing the right partner for a bridging deal - and starting the year off right

Choosing the right partner for a bridging deal - and starting the year off right

So, how was 2016 for you? Now we’re back and into 2017 I’m hoping you’ll be re-energised after taking a well-earned rest over the Christmas and New Year holiday period.

17 Jan 2017

Let's not talk our market down - start 2017 on a good note

Let's not talk our market down - start 2017 on a good note

If I had to come up with one word to describe how the general population has felt in 2016 I’d say ‘worried’. Buy to let investors were worried about the impending tax changes.

17 Jan 2017

Lenders understanding modular construction could help solve the housing shortage

Lenders understanding modular construction could help solve the housing shortage

I’ve always maintained that ground-up development finance is a world away from bridging loans. Whilst we as development finance lenders are often grouped together and perceived as a similar type of finance, development lending is certainly not a natural extension of bridging.

17 Jan 2017

Let’s get on top of payments in 2017

Let’s get on top of payments in 2017

At the time of year when the impulse is to churn out one of those lazy “well, another year over…challenges ahead…pull together” type of columns, I’d like to tie things down a bit.

07 Dec 2016

Why new regulation means bridging may be in greater demand

Why new regulation means bridging may be in greater demand

I’ve always felt there was a distinct inter-connectedness between financial products, particularly in the lending sector.

05 Dec 2016

Spare light bulbs for all; illuminating the compliance debate

Spare light bulbs for all; illuminating the compliance debate

We’re now well underway in our ambitious plan to visit all of our members over the coming fourteen months, with the aim of seeing everyone – and confirming that they’re doing the right things as regards compliance – by the end of 2017.

15 Nov 2016

More regulation? Don’t despair

More regulation? Don’t despair

The industry’s reaction to the latest intervention into the buy to let market has been commendable.

08 Nov 2016

Finance is only one hurdle for small developers

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry - the largest nine are responsible for more than 50% of the new homes built in the UK.

24 Oct 2016

Businesses buying other businesses

Businesses buying other businesses

When ARM Holdings confirmed it was being sold to Japanese company Softbank, the BBC’s technical correspondent wrote, “Britain's best hope of building a global technology giant now appears to have gone.”

24 Oct 2016

Finding homes for 'out of the norm' cases

Finding homes for 'out of the norm' cases

Part of the battle for brokers is finding an applicable product solution for clients who come to you with cases which are completely out of the norm.

21 Oct 2016

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