blog mortgage118

Author: David Sampson

  • RAW Capital Partners Expands Bridging Loan Offerings

    RAW Capital Partners Expands Bridging Loan Offerings

    RAW Capital Partners, a specialist lender based in Guernsey, has introduced bridging loans to its product range, providing new financing options for UK property investors. This addition is significant as it allows for unregulated, first-charge loans secured against UK residential properties, catering to a broader audience of borrowers.

    TL;DR: RAW Capital Partners now offers bridging loans from £100,000 to £4 million, targeting UK property investors; this expansion enhances financing options for landlords and brokers.

    What are the details of the new bridging loans?

    The newly launched bridging loans range from £100,000 to £4 million, with terms lasting between three to 18 months. The loans come with a maximum loan-to-value (LTV) ratio of 60%, and the interest rates are tiered based on the LTV. This structured approach allows borrowers to choose a loan that aligns with their financial strategy.

    Who can benefit from these bridging loans?

    These loans are particularly beneficial for foreign nationals, UK expatriates, and Channel Islanders who have been investing in UK buy-to-let properties. Since December 2025, RAW Capital has expanded its lending criteria to include UK residents, thereby broadening access to these financial products.

    What this means for property investors and brokers

    The introduction of bridging loans by RAW Capital Partners is a positive development for landlords and brokers seeking quick financing solutions. With the lender’s RAW Mortgage Fund managing over £220 million in assets, the emphasis on speed and certainty in the lending process is important for those needing immediate capital to seize investment opportunities.

    Frequently asked questions

    What is a bridging loan?

    A bridging loan is a short-term financing option that helps borrowers bridge the gap between immediate financial needs and long-term funding solutions.

    How do I apply for a bridging loan with RAW Capital Partners?

    Interested borrowers can apply through brokers who work with RAW Capital Partners, ensuring they meet the criteria for the desired loan amount and terms.

  • How Lender Survey Insights Impact the Mortgage Market

    How Lender Survey Insights Impact the Mortgage Market

    The latest findings from the annual Lender Collaboration Survey reveal significant delays in property transactions, underscoring challenges within the UK mortgage market. Many firms are reporting issues that could hinder completion times, highlighting the need for improved communication between lenders and conveyancers.

    TL;DR: Many firms face delays in property transactions; this affects completion times and client experiences, highlighting the need for better lender-conveyancer communication.

    What are the main findings of the lender survey?

    The Lender Collaboration Survey indicates that mortgage advisers may not directly witness the discussions between lenders and conveyancers, but they certainly feel the impact of any delays. A significant number of firms reported experiencing delays that could potentially affect completion times, client expectations, and the overall home moving experience. This situation calls for more streamlined processes and clearer guidance between involved parties.

    Why are delays occurring in property transactions?

    Delays in property transactions often stem from ambiguous guidance on common scenarios that lenders and conveyancers encounter. When these discussions take longer to resolve, it leads to unnecessary referrals and confusion. By working with UK Finance to establish clearer, more straightforward guidance, the mortgage market can alleviate some of these issues. This would empower conveyancers to proceed with confidence and allow lenders to allocate their resources to more complex cases rather than routine queries.

    What solutions are being proposed to improve the mortgage market?

    One of the key recommendations from survey participants is the adoption of a common referral platform across all lenders, such as Lender Exchange or LMS. This would create greater consistency and reduce unnecessary duplication in the market, ultimately speeding up the transaction process. By implementing such solutions, the mortgage market could enhance efficiency, benefiting all stakeholders involved in property transactions.

    What this means for borrowers and investors

    For borrowers and investors, the implications of these survey findings are significant. Delays in property transactions can lead to frustration and uncertainty, impacting both the buying and selling processes. By addressing the communication gaps between lenders and conveyancers, the overall home moving experience can be improved, leading to quicker completions and more satisfied clients. Stakeholders in the mortgage market should keep a close eye on developments in these areas, as changes could lead to a more efficient system that better meets the needs of borrowers and investors alike.

    Frequently asked questions

    How can delays in property transactions affect me as a borrower?

    Delays can lead to extended waiting periods for completion, impacting your ability to move into a new home or finalize a sale. This uncertainty can also affect your financial planning and commitments.

    What should I do if I experience delays in my mortgage application?

    If you encounter delays, it’s advisable to communicate regularly with your mortgage adviser and conveyancer. They can provide updates and help you navigate any issues that arise during the transaction process.

  • Afin Bank Hits £135M in Buy-to-Let Mortgage Approvals

    Afin Bank Hits £135M in Buy-to-Let Mortgage Approvals

    Afin Bank has marked its first anniversary by achieving a significant milestone of £135 million in mortgage approvals within just one year. This accomplishment highlights the growing demand for tailored lending solutions, particularly for underserved borrowers in the UK property market.

    TL;DR: Afin Bank has approved £135 million in mortgages in its inaugural year; this indicates a strong demand for buy-to-let mortgages and support for non-traditional borrowers.

    How Does Afin Bank Support Buy-to-Let Borrowers?

    Initially focused on providing mortgages to foreign nationals with valid work visas, Afin Bank has broadened its services to accommodate a diverse range of borrowers. This includes self-employed individuals, contractors, qualified professionals, and those with complex income situations. The expansion reflects a growing recognition of the need for flexible lending solutions in the current economic climate.

    What Mortgage Products Does Afin Bank Offer?

    Afin Bank provides a variety of mortgage products, including residential and buy-to-let mortgages, as well as a newly launched regulated bridging service for properties in England and Wales. This range of options allows borrowers to choose solutions that best fit their financial situations and property investment goals.

    What This Means for Borrowers and Landlords

    For landlords and potential property investors, Afin Bank’s commitment to £135 million in mortgage approvals signals a positive shift in the lending market. As mainstream lenders tighten their criteria, Afin Bank’s approach provides an alternative for those whose financial profiles may not meet traditional lending standards. This is particularly relevant for buy-to-let investors looking to expand their portfolios or first-time buyers aiming to enter the market.

    What Should Borrowers Watch Next?

    As economic conditions evolve, borrowers should keep an eye on how lenders adjust their offerings. Afin Bank’s growth indicates a potential shift towards more inclusive lending practices. Borrowers may benefit from exploring options like Afin’s buy-to-let mortgages, especially as they cater to those with unique financial circumstances. Additionally, monitoring changes in interest rates and lending criteria will be important for making informed decisions.

    Frequently asked questions

    What types of buy-to-let mortgages does Afin Bank offer?

    Afin Bank offers both residential and buy-to-let mortgage products, catering to a range of borrower needs, including those with complex income situations.

    Who can benefit from Afin Bank’s mortgage services?

    Borrowers who may find it challenging to secure financing from mainstream lenders, such as self-employed individuals, contractors, and foreign nationals, can benefit from Afin Bank’s tailored mortgage solutions.

  • Improving the Mortgage Market: Lender Collaboration Insights

    Improving the Mortgage Market: Lender Collaboration Insights

    The latest findings from the annual Lender Collaboration Survey highlight significant delays in property transactions, impacting the mortgage market. Many firms are facing issues that could hinder completion times, ultimately affecting client satisfaction and the home buying process.

    TL;DR: Many firms report transaction delays affecting completion times; clearer guidance and a common referral platform could streamline the mortgage process.

    What are the main findings of the Lender Collaboration Survey?

    The Lender Collaboration Survey reveals that discussions between conveyancers and lenders often take longer than expected, leading to delays in property transactions. These delays can create a ripple effect, influencing client expectations and the overall experience of moving home. The survey indicates that many firms are experiencing challenges that could be mitigated through better communication and collaboration.

    Why are delays occurring in the mortgage market?

    Delays in the mortgage market are primarily due to a lack of clear guidance on common scenarios faced by conveyancers and lenders. When conveyancers are unsure about how to proceed, they often refer cases back to lenders, which consumes time and resources. This not only prolongs the transaction process but also adds to the frustration of clients awaiting their home purchases.

    What solutions are being proposed to speed up transactions?

    To address these delays, the survey suggests that working with UK Finance to establish clearer, less ambiguous guidance could significantly streamline the process. By reducing unnecessary referrals, conveyancers would gain confidence in their decisions, allowing them to proceed without waiting for lender input on routine queries. Additionally, the adoption of a common referral platform, such as Lender Exchange or LMS, is recommended to create consistency across the market and eliminate duplication of efforts.

    What does this mean for mortgage borrowers and brokers?

    For mortgage borrowers and brokers, the implications of these findings are substantial. Delays in property transactions can lead to increased anxiety for buyers and sellers alike, affecting their plans and financial arrangements. By advocating for clearer guidelines and a unified referral system, brokers can help facilitate smoother transactions, ultimately enhancing the home buying experience for their clients. Staying informed about these developments will be important for all stakeholders in the mortgage market.

    Frequently asked questions

    How can delays in property transactions affect buyers?

    Delays can lead to increased stress for buyers, potentially causing them to miss out on properties or incur additional costs, such as extended rental agreements or storage fees.

    What should brokers do to navigate these delays?

    Brokers should stay updated on industry developments and advocate for clearer communication between lenders and conveyancers to help expedite transactions for their clients.

  • UK Mortgage Market Update: Rate Changes and FCA Impact

    UK Mortgage Market Update: Rate Changes and FCA Impact

    The UK mortgage market is experiencing significant shifts as major lenders adjust their rates in response to rising funding costs, while new FCA affordability rules are facilitating increased borrower switching. These changes are particularly relevant for homeowners and investors looking to navigate the evolving market of mortgage options.

    TL;DR: Major lenders like Barclays and NatWest are raising mortgage rates by up to 20 basis points; meanwhile, new FCA rules are enabling 98% of modified affordability assessments to be used for external remortgages.

    What are the recent changes in mortgage rates?

    Several prominent lenders, including Barclays, Halifax, HSBC, TSB, and NatWest, have recently announced increases to their mortgage rates, with adjustments of up to 20 basis points. This trend follows a rise in swap rates, which has led to increased funding costs for these institutions. For instance, NatWest is set to raise selected residential and buy-to-let mortgage rates starting tomorrow, joining a wave of similar price hikes across the mortgage market.

    How are borrowers affected by the FCA rule changes?

    The Financial Conduct Authority (FCA) has implemented new affordability rules that are significantly impacting borrowers. Research from Stonebridge indicates that 98% of modified affordability assessments in the first quarter of 2026 were utilized for external remortgages. This shift allows more borrowers to switch lenders rather than remain with their current providers, potentially leading to better mortgage deals for many.

    What does this mean for landlords and property investors in the mortgage market?

    For landlords and property investors, the recent rate hikes may affect the cost of borrowing, particularly for buy-to-let mortgages. As lenders like Shawbrook have opted to reduce some rates while others, such as Keystone, are increasing buy-to-let rates, it’s essential for investors to stay informed about the best available options. Additionally, the introduction of new products, such as Santander’s 10-year fixed deals and updated offerings from Accord Mortgages, provides opportunities for landlords to secure long-term financing amidst the changing mortgage market.

    What should borrowers watch for next in the mortgage market?

    As the mortgage market evolves, borrowers should keep an eye on further rate adjustments from major lenders. With Santander’s recent expansion of its product range and the relaunch of Newcastle’s joint borrower sole proprietor mortgage range, there may be new opportunities for borrowers to consider. Furthermore, the introduction of Vida’s Next Chapter Lending, which supports older first-time buyers and those looking to move, highlights a growing focus on diverse borrower needs in the market. For the latest options, borrowers can check current mortgage rates.

    Frequently asked questions

    What are the implications of the FCA’s new affordability rules?

    The FCA’s new affordability rules are enabling a higher percentage of borrowers to switch lenders, as they can take advantage of modified assessments for remortgaging. This is particularly beneficial for those seeking better rates or terms.

    How can landlords navigate the current mortgage rate changes?

    Landlords should actively compare mortgage rates and products, as some lenders are increasing rates while others are reducing them. Staying informed about market changes and exploring new offerings can help secure the best financing options.

  • Lender Survey Insights: Speeding Up the Mortgage Market

    Lender Survey Insights: Speeding Up the Mortgage Market

    Recent findings from a lender survey reveal significant delays in property transactions, impacting the mortgage market and the home moving experience for borrowers. The urgency for improved communication and processes between conveyancers and lenders has never been clearer.

    TL;DR: Many firms are facing delays in property transactions; this affects completion times and client satisfaction in the mortgage market.

    What Are the Main Findings of the Lender Survey?

    The annual Lender Collaboration Survey has highlighted ongoing challenges in the mortgage market, particularly concerning the interactions between conveyancers and lenders. Many mortgage advisers may not be privy to the discussions that occur behind the scenes, but they certainly feel the repercussions when these discussions lead to delays. The survey indicates that these delays can severely affect completion times, client expectations, and the overall experience of moving home.

    Why Are Delays Happening?

    Delays in property transactions often stem from unclear guidance on common scenarios faced by conveyancers and lenders. The survey suggests that by collaborating with UK Finance to create clearer, more straightforward guidelines, the industry could significantly reduce unnecessary referrals. This would empower conveyancers to proceed with confidence, allowing lenders to concentrate their resources on genuinely exceptional cases rather than routine inquiries.

    How Can the Mortgage Market Improve?

    Survey participants also emphasized the importance of standardizing processes across the mortgage market. A common referral platform, such as Lender Exchange or LMS, could enhance consistency and minimize duplication of efforts. By adopting such platforms, lenders can streamline their operations, making the mortgage process smoother for all parties involved.

    What This Means for Borrowers and Brokers

    For borrowers and brokers, these insights underline the importance of understanding the current challenges within the mortgage market. Delays can lead to increased frustration and uncertainty during the home buying process. By advocating for clearer communication and standardized practices, brokers can better manage client expectations and improve the overall experience for borrowers. Staying informed about these developments will be important for anyone involved in property transactions.

    Frequently Asked Questions

    What can borrowers do to avoid delays in their property transactions?

    Borrowers should ensure that they provide all necessary documentation promptly and maintain open communication with their brokers and conveyancers. Understanding the common issues that lead to delays can also help in navigating the process more smoothly.

    How can brokers help clients during delays in the mortgage process?

    Brokers can assist clients by keeping them informed about the status of their applications and setting realistic expectations regarding timelines. They can also advocate for clearer communication between lenders and conveyancers to expedite the process.

  • Improving the Mortgage Market: Insights from Lender Survey

    Improving the Mortgage Market: Insights from Lender Survey

    The latest findings from a lender survey highlight significant delays affecting property transactions in the UK mortgage market. Many firms report experiencing delays that can impact completion times and client satisfaction, underscoring the need for improved communication between lenders and conveyancers.

    TL;DR: Many firms face delays in property transactions; clearer guidance and a common referral platform could streamline processes for lenders and conveyancers.

    What are the main findings of the lender survey?

    The annual Lender Collaboration Survey reveals that many mortgage advisers may not be privy to the discussions between conveyancers and lenders. However, the repercussions of these discussions are felt acutely, with significant delays reported. These delays can lead to unmet client expectations and a less satisfactory home moving experience. The survey indicates that improved collaboration and communication could alleviate these issues.

    How can delays in property transactions be reduced?

    To tackle the delays, the survey suggests that working with UK Finance to develop clearer and less ambiguous guidance on common scenarios could be beneficial. This approach would reduce unnecessary referrals and empower conveyancers to proceed with confidence. It would also allow lenders to concentrate their resources on genuinely exceptional cases rather than routine queries that could be resolved with clearer guidelines.

    What role does technology play in streamlining the mortgage market?

    Members of the survey highlighted the potential benefits of adopting a common referral platform, such as Lender Exchange or LMS. Such platforms could create greater consistency across the mortgage market and help eliminate unnecessary duplication of efforts. By standardising processes, lenders and conveyancers can work more efficiently, ultimately speeding up property transactions.

    What does this mean for borrowers and investors?

    For borrowers and investors, the implications of these findings are significant. Delays in property transactions can lead to frustration and uncertainty during the home-buying process. By advocating for clearer guidance and improved technology integration, stakeholders in the mortgage market can work towards a smoother experience for all parties involved. This is particularly relevant for first-time buyers and investors looking to navigate the complexities of property transactions.

    Frequently asked questions

    What should borrowers do if they experience delays in their mortgage process?

    If borrowers encounter delays, they should maintain communication with their mortgage adviser and conveyancer to understand the reasons for the holdup. Being proactive can help address issues early and keep the process moving forward.

    How can lenders improve their communication with conveyancers?

    Lenders can enhance communication by adopting standardised processes and platforms that facilitate clearer exchanges of information. This would help reduce misunderstandings and streamline the transaction process.

  • UK Mortgage Market Update: Rates Rise and New Rules Impact Borrowers

    UK Mortgage Market Update: Rates Rise and New Rules Impact Borrowers

    The UK mortgage market is experiencing significant changes as lenders adjust rates and new affordability rules come into play. Recent data indicates a surge in borrowers switching lenders, driven by the Financial Conduct Authority’s (FCA) updated affordability assessments, which are enabling more consumers to seek better mortgage deals.

    TL;DR: 98% of modified affordability assessments were used for external remortgages in Q1 2026; major lenders like Barclays and Santander are raising mortgage rates by up to 20 basis points.

    What are the recent changes in mortgage rates?

    Several major lenders have announced increases in their mortgage rates, with Barclays, Halifax, HSBC, TSB, and Skipton raising selected rates by up to 20 basis points. NatWest has also joined this trend, increasing rates for residential and buy-to-let mortgages. These adjustments are primarily a response to rising swap rates, which are pushing up funding costs across the mortgage market.

    How are affordability rules influencing borrower behaviour?

    The FCA’s recent changes to affordability assessments have made it easier for borrowers to switch to new lenders. Research from Stonebridge reveals that 98% of modified assessments in Q1 2026 were used for external remortgages. This shift indicates that more borrowers are taking advantage of competitive rates offered by different lenders, rather than remaining with their current providers.

    What does this mean for borrowers and landlords?

    For borrowers, the current environment presents both opportunities and challenges. Those looking to remortgage may find it beneficial to explore options with different lenders, especially as the new affordability rules provide greater flexibility. However, with rising rates, it is important for borrowers to act swiftly to secure lower rates before further increases occur.

    Landlords should also be aware of the changing market. The increases in buy-to-let mortgage rates may impact investment strategies, particularly for those relying on financing for property acquisitions. It is advisable for landlords to reassess their portfolios and consider the implications of higher borrowing costs on their overall investment plans.

    What new developments are occurring in the mortgage market?

    In addition to rate changes, several lenders are expanding their product offerings. For example, Santander is increasing fixed mortgage rates and introducing new 10-year fixed deals, along with additional options for new builds. Meanwhile, Vida has rebranded its later-life mortgage proposition to Next Chapter Lending, aiming to support older borrowers with clearer affordability guidance.

    Furthermore, Finova is launching an AI-powered tool designed to streamline the mortgage application process for brokers, allowing them to submit applications across lender portals without the need for manual data entry. This innovation could enhance efficiency in the mortgage process, benefiting both brokers and borrowers alike.

    Frequently asked questions

    What should I do if I want to switch my mortgage?

    If you’re considering switching your mortgage, start by reviewing your current deal and comparing it with offers from other lenders. With the new affordability rules in place, it may be easier to qualify for better rates. Consult with a mortgage broker to explore your options and ensure you make an informed decision.

    How will rising mortgage rates affect my borrowing capacity?

    Rising mortgage rates can reduce your borrowing capacity, as lenders typically assess your ability to repay based on current interest rates. Higher rates mean higher monthly repayments, which could limit the amount you can borrow. It’s essential to factor in these changes when planning your mortgage strategy.

  • Leeds Building Society Launches 98% LTV Mortgage Option

    Leeds Building Society Launches 98% LTV Mortgage Option

    Leeds Building Society has introduced a new mortgage product aimed at first-time buyers, allowing them to secure loans of up to 98% of the property’s value. This initiative is designed to make homeownership more accessible for those with smaller deposits, addressing the ongoing affordability challenges in the housing market.

    TL;DR: First-time buyers can now access a 98% loan-to-value mortgage from Leeds Building Society; this product is tailored for those with limited deposits and higher income multiples.

    What is the Start Mortgage?

    The Start Mortgage from Leeds Building Society is specifically created for first-time buyers who may struggle to save larger deposits. This mortgage allows borrowers to secure loans up to 98% LTV, significantly reducing the amount needed for a deposit. The product is available through brokers and features a competitive income requirement, enabling buyers to borrow up to five times their income, compared to the standard 4.5 times.

    Who can benefit from this mortgage?

    First-time buyers are the primary beneficiaries of the Start Mortgage. With a minimum income threshold set at £30,000 and a maximum loan size of £500,000, this product opens doors for those who previously found it difficult to enter the property market. For instance, a household with an income of £49,000 and a £5,000 deposit can secure a mortgage of £245,000 to purchase a home valued at £250,000, representing a 98% LTV.

    What this means for first-time buyers

    The introduction of the Start Mortgage is a significant step towards alleviating the financial barriers faced by first-time buyers. With a small deposit requirement of just £5,000 and a realistic approach to income assessment, this product offers a viable pathway to homeownership. As housing prices continue to rise, initiatives like this are important in helping prospective buyers navigate the market.

    Frequently asked questions

    What are the key features of the Start Mortgage?

    The Start Mortgage offers up to 98% loan-to-value, allows borrowing of up to five times the applicant’s income, and requires a minimum income of £30,000.

    How does this mortgage compare to traditional options?

    Unlike traditional mortgages that typically require larger deposits and lower income multiples, the Start Mortgage is designed to accommodate buyers with smaller deposits and higher income potentials, making it more accessible.

  • Insights from Lender Survey on UK Mortgage Market Delays

    Insights from Lender Survey on UK Mortgage Market Delays

    Recent findings from a lender survey highlight significant delays in property transactions within the UK mortgage market, affecting many firms. These delays stem from prolonged discussions between conveyancers and lenders, which can lead to frustrating experiences for clients and hinder the overall home moving process.

    TL;DR: Many firms report delays in property transactions due to slow communication between conveyancers and lenders; this impacts client expectations and completion times.

    What are the main causes of delays in the mortgage market?

    The survey indicates that the primary cause of delays is the time-consuming communication between lenders and conveyancers. When these discussions take longer than expected, it can lead to a backlog of cases, ultimately affecting the timeline for property completions. The lack of clear guidance on common scenarios further complicates matters, as conveyancers may hesitate to proceed without certainty, leading to unnecessary referrals.

    How can clearer guidance improve the mortgage market process?

    By collaborating with UK Finance to establish clearer, more straightforward guidance on common issues, the mortgage market could significantly reduce unnecessary referrals. This would empower conveyancers to make more confident decisions, allowing lenders to focus their attention on genuinely complex cases rather than routine queries. Enhanced clarity in communication can streamline the process, ultimately benefiting all parties involved.

    What solutions are being proposed to reduce delays in the mortgage market?

    One key proposal from the survey’s findings is the adoption of a common referral platform by all lenders, such as Lender Exchange or LMS. This would create greater consistency across the market and help eliminate unnecessary duplication of efforts. Such a platform would facilitate smoother communication between lenders and conveyancers, leading to quicker resolutions and improved transaction times.

    What does this mean for borrowers and investors in the mortgage market?

    For borrowers and investors, the implications of these delays are significant. Extended completion times can lead to uncertainty and frustration, impacting the overall home buying experience. By advocating for clearer guidelines and the use of common referral platforms, stakeholders in the mortgage market can work towards a more efficient process. This could ultimately lead to faster transaction times, enhancing the experience for buyers and investors alike.

    Frequently asked questions

    What should I do if my property transaction is delayed?

    If you are experiencing delays in your property transaction, it is advisable to maintain open communication with your conveyancer and lender. They can provide updates and clarify any issues that may be causing the holdup.

    How can I stay informed about changes in the mortgage market?

    Staying informed about the mortgage market can be achieved by regularly checking reliable sources for updates, such as industry news websites and financial institutions. Additionally, consulting with a mortgage adviser can provide tailored insights based on your specific situation.