blog mortgage118

Tag: Brokers

  • TAB Expands TMA Mortgage Club’s Bridging Finance Options

    TAB Expands TMA Mortgage Club’s Bridging Finance Options

    The TMA Mortgage Club has announced that TAB will join its lending panel, providing members with access to a diverse range of specialist property finance products. This partnership is significant as it enhances the options available for brokers and their clients, particularly in the bridging finance sector.

    TL;DR: TMA Mortgage Club members can now access TAB’s bridging finance products, with loans ranging from £100,000 to £5 million; this expansion offers brokers and investors more choices in property finance.

    What bridging finance options does TAB offer?

    TAB provides a variety of bridging finance solutions, catering to both residential and commercial property needs. Their bridging loans are available from £100,000 up to £5 million, with terms extending to 24 months. Rates start at an attractive 0.68% per month, making it a competitive option for those needing quick access to funds.

    How does this impact TMA Mortgage Club members?

    The inclusion of TAB in the TMA Mortgage Club’s lending panel significantly broadens the financing options available to its members. Brokers can now offer their clients access to TAB’s specialist property finance products, which include residential, semi-commercial, and commercial mortgages, alongside bridging loans. This development is particularly beneficial for property investors looking for flexible financing solutions.

    Why is this partnership important for the property finance market?

    This partnership is a notable development in the property finance market, as it reflects a growing trend towards providing tailored financial solutions for diverse property needs. TAB’s ability to offer loans with a loan-to-value ratio of up to 75% on residential assets and 70% on commercial properties enhances the confidence of brokers and their clients in securing necessary funding, regardless of market conditions. Since its inception in 2018, TAB has lent £759 million, demonstrating its robust position in the market.

    What this means for property investors and brokers

    For property investors, this expanded access to bridging finance options means greater flexibility and potentially quicker turnaround times for funding projects. Brokers can use this new offering to better serve their clients, particularly those needing immediate financing solutions. With TAB’s £500 million facility from CarVal, the lender has further strengthened its funding capabilities, ensuring that brokers and clients can rely on them for timely financial support.

    Frequently asked questions

    What types of properties can TAB’s bridging finance cover?

    TAB’s bridging finance is available for residential, semi-commercial, and commercial properties, making it a versatile option for various investment needs.

    What are the eligibility criteria for TAB’s bridging loans?

    Eligibility for TAB’s bridging loans generally includes a property valuation and an assessment of the borrower’s financial situation. Loans range from £100,000 to £5 million, with specific terms and rates based on the property type and borrower profile.

  • HTB Appoints Marchant as Lending Director in Development Finance

    HTB Appoints Marchant as Lending Director in Development Finance

    HTB has announced the appointment of Marchant as the new lending director within its development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise will be pivotal in supporting brokers and SME developers, particularly across London and the South East.

    TL;DR: Marchant joins HTB to enhance development finance support for brokers and SME developers; his extensive experience aims to improve lending solutions in key UK markets.

    Who is Marchant and What is His Role?

    Marchant brings a wealth of knowledge from his previous role in NatWest’s real estate finance team, where he worked for over 12 years. At HTB, he will focus on providing tailored lending solutions to brokers and small to medium-sized enterprises (SMEs) involved in property development. Reporting to Rob Syrett, head of originations for development finance, Marchant’s role is expected to strengthen HTB’s position in the competitive development finance sector.

    What is Development Finance?

    Development finance is a specialized form of lending that provides funding for property development projects. This type of finance is important for developers looking to fund new builds or renovations. It typically covers costs such as land acquisition, construction, and other associated expenses. For brokers and developers, having experienced professionals like Marchant in the sector can lead to more efficient financing solutions, potentially speeding up project timelines and improving overall project viability.

    What This Means for Brokers and Developers

    The addition of Marchant to HTB’s development finance team is significant for brokers and SME developers. His extensive background in real estate finance may lead to improved lending processes and more competitive products in the market. As HTB aims to enhance its offerings, brokers can expect better support and resources to meet the needs of their clients, ultimately benefiting the development market in London and the South East.

    Frequently Asked Questions

    What impact will Marchant’s appointment have on development finance?

    Marchant’s appointment is likely to enhance HTB’s development finance offerings, providing better support for brokers and developers in securing funding.

    How can brokers benefit from HTB’s development finance services?

    Brokers can access tailored lending solutions and improved resources, helping them better serve their clients in the property development sector.

  • HTB Appoints Marchant as Development Finance Lending Director

    HTB Appoints Marchant as Development Finance Lending Director

    HTB has announced the appointment of Marchant as its new lending director within the development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise will enhance HTB’s support for brokers and SME developers, particularly in London and the South East.

    TL;DR: Marchant brings over two decades of real estate finance experience to HTB; his role will bolster support for brokers and SME developers in key UK regions.

    Who is Marchant and What is His Background?

    Marchant joins HTB after a significant tenure at NatWest, where he spent over 12 years in the real estate finance team. His extensive experience in development funding and debt structuring positions him well to lead initiatives that support the growing demand for development finance in the UK property market.

    How Will This Impact Development Finance?

    Marchant’s appointment is significant as it reflects HTB’s commitment to enhancing its development finance offerings. By focusing on supporting brokers and SME developers, HTB aims to address the challenges faced by these groups in securing funding for projects. This move could lead to increased competition in the development finance sector, potentially benefiting borrowers through improved terms and access to capital.

    What This Means for Brokers and SME Developers

    Brokers and SME developers in London and the South East can expect more tailored support from HTB under Marchant’s leadership. His expertise in real estate finance may lead to more innovative funding solutions and streamlined processes, making it easier for developers to secure the necessary financing for their projects. This could be particularly impactful in a market where access to development finance is important for growth.

    Frequently asked questions

    What is development finance?

    Development finance is a type of funding used to finance property development projects, covering costs such as land acquisition, construction, and other associated expenses.

    How can brokers benefit from HTB’s new development finance strategy?

    Brokers can benefit from HTB’s enhanced support and tailored solutions for SME developers, potentially leading to better financing options for their clients.

  • L&C Mortgages Expands Options in the Mortgage Market

    L&C Mortgages Expands Options in the Mortgage Market

    Afin Bank has welcomed L&C Mortgages to its broker panel, enhancing the mortgage market by offering more diverse lending solutions. This partnership aims to assist borrowers who often struggle to secure mortgages due to rigid criteria imposed by many traditional lenders.

    TL;DR: L&C Mortgages joins Afin Bank’s broker panel, expanding options for borrowers who don’t meet standard lending criteria; this move is expected to benefit those with unique financial situations.

    How Will This Partnership Impact the Mortgage Market?

    The collaboration between L&C Mortgages and Afin Bank is significant for borrowers, particularly those who are self-employed, high-net-worth individuals, or have non-traditional income streams. With L&C Mortgages now able to access Afin Bank’s full range of mortgage products, including options tailored for qualified professionals and asset-rich but income-light borrowers, clients can expect a broader selection of lending solutions.

    What Should Brokers Know About This Development?

    Brokers will benefit from this partnership as it provides them with additional resources to meet the diverse needs of their clients. David Hollingworth, associate director at L&C Mortgages, highlighted the importance of having a wide array of lending options to cater to thousands of inquiries they handle each month. This partnership will enable brokers to assist clients who may not fit the conventional lending profiles.

    What This Means for High-Net-Worth Borrowers

    For high-net-worth borrowers, this partnership enhances access to mortgage products that align with their financial scenarios. The introduction of tailored propositions means that individuals with substantial assets but lower income can find suitable mortgage solutions, which is often a challenge in the current mortgage market.

    Frequently asked questions

    What types of borrowers will benefit from this partnership?

    Borrowers who are self-employed, high-net-worth individuals, or those with unique financial situations will benefit from the expanded options.

    How can brokers utilize this new partnership?

    Brokers can use the wider range of lending solutions provided by Afin Bank through L&C Mortgages to better serve clients who do not meet traditional lending criteria.

  • HTB Appoints Marchant as Director in Development Finance

    HTB Appoints Marchant as Director in Development Finance

    HTB has announced the appointment of Marchant as its new lending director within the development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise is expected to enhance HTB’s support for brokers and SME developers, particularly across London and the South East.

    TL;DR: Marchant, with 20 years in real estate finance, joins HTB to bolster development finance support for brokers and SME developers in London and the South East.

    Who is Marchant and What Experience Does He Bring?

    Marchant comes to HTB with a robust background in real estate finance, having spent over 12 years in NatWest’s real estate finance team. His extensive knowledge in development funding and debt structuring positions him well to assist brokers and developers in navigating the complexities of development finance.

    What Will Marchant’s Role Entail in Development Finance?

    In his new position, Marchant will focus on supporting brokers and small to medium-sized enterprise (SME) developers. He will report directly to Rob Syrett, the head of originations for development finance at HTB. This leadership change is significant as it aims to strengthen HTB’s offerings in development finance, an area important for facilitating new projects and investments.

    What This Means for Brokers and SME Developers

    For brokers and SME developers, Marchant’s appointment signals a commitment from HTB to enhance its development finance services. This could lead to more tailored financing solutions and improved access to funds, which is vital for those looking to undertake new projects in a competitive market. As the demand for development finance grows, Marchant’s role may also influence the types of products and services HTB offers.

    Frequently Asked Questions

    How can brokers benefit from Marchant’s expertise?

    Brokers can use Marchant’s extensive experience in real estate finance to obtain better financing options and support for their clients, particularly in development projects.

    What impact will this have on the development finance market?

    Marchant’s leadership at HTB may lead to more competitive offerings in development finance, benefiting developers seeking funding for new projects.

  • HTB Appoints New Lending Director for Development Finance

    HTB Appoints New Lending Director for Development Finance

    HTB has announced the appointment of Marchant as the new lending director in its development finance team, a move that could significantly impact brokers and SME developers in London and the South East. With over 20 years of experience in real estate finance, Marchant’s expertise will enhance HTB’s support for these key market players.

    TL;DR: Marchant joins HTB as lending director, bringing over 20 years of real estate finance experience; this change aims to bolster support for brokers and SME developers in London and the South East.

    Who is Marchant and What is His Background?

    Marchant has a robust background in real estate finance, having spent more than 12 years at NatWest’s real estate finance team. His extensive experience in development funding and debt structuring positions him well to navigate the complexities of development finance.

    What Will Marchant’s Role Entail in Development Finance?

    In his new role at HTB, Marchant will focus on supporting brokers and small to medium-sized developers. He will report to Rob Syrett, the head of originations for development finance, ensuring that HTB continues to provide tailored financial solutions that meet the evolving needs of the market.

    What This Means for Brokers and SME Developers

    For brokers and SME developers in London and the South East, Marchant’s appointment signals a commitment from HTB to enhance their development finance offerings. This could lead to more streamlined processes and better access to funding, which is important for driving forward development projects in a competitive market.

    Frequently Asked Questions

    What is development finance?

    Development finance refers to the funding provided for property development projects, covering costs such as land acquisition, construction, and other related expenses.

    How can brokers benefit from HTB’s new appointment?

    Brokers can expect improved support and tailored financial solutions for their clients, which may facilitate smoother transactions and better outcomes for development projects.

  • Quantum Mortgages Expands Bridging Finance with New Appointment

    Quantum Mortgages Expands Bridging Finance with New Appointment

    Quantum Mortgages has announced the appointment of Phil Beswick as its new key account manager for the Northeast region. This strategic move comes as the lender continues to enhance its offerings, following the successful launch of new cashback and product transfer propositions that have garnered positive feedback from brokers and landlord clients.

    TL;DR: Quantum Mortgages has appointed Phil Beswick as key account manager in the Northeast; this aims to strengthen relationships with local brokers and enhance its bridging finance offerings.

    Who is Phil Beswick?

    Phil Beswick joins Quantum Mortgages from LiveMore Mortgages, where he excelled as a key account manager. His experience in the later-life lending market positions him well to connect with intermediaries in the Northeast, focusing on providing tailored solutions to meet their needs.

    What are Quantum’s recent product offerings?

    Quantum Mortgages recently launched cashback and product transfer propositions, which have been well received by the broker community and landlord clients. These new offerings are designed to enhance flexibility and provide additional financial benefits for clients looking to maximise their mortgage options.

    What this means for landlords and brokers in bridging finance

    For landlords and brokers in the Northeast, Beswick’s appointment signals an opportunity to engage with a specialist lender that understands the unique challenges of the market. Quantum’s recent product launches could provide additional avenues for financing, making it easier for landlords to manage their portfolios effectively. Brokers can use these new products to offer more competitive solutions to their clients, potentially increasing their business opportunities. For more information, check out our bridging finance guide.

    Frequently asked questions

    What impact will Beswick’s appointment have?

    Beswick’s appointment is expected to strengthen Quantum’s relationships with local brokers, enhancing their ability to provide tailored bridging finance solutions.

    How do the new products benefit landlords?

    The new cashback and product transfer offerings provide landlords with more flexible financing options, potentially improving their cash flow and investment strategies.

  • Dudley BS Achieves Record £130.9m in Mortgage Market Lending

    Dudley BS Achieves Record £130.9m in Mortgage Market Lending

    Dudley Building Society has announced a record achievement of £130.9 million in mortgage lending for the past year, marking a significant increase from £124.3 million the previous year. This growth highlights the society’s strong position in the UK mortgage market, with total mortgage balances reaching £558 million, reflecting a remarkable 28% increase over the last three years.

    TL;DR: Dudley Building Society’s mortgage lending hit a record £130.9 million, up from £124.3 million last year; this growth may benefit borrowers and brokers amidst a changing market.

    What is Dudley BS’s Current Mortgage Performance?

    Dudley Building Society’s impressive performance in the mortgage sector is underscored by its record lending figure. The increase in lending from £124.3 million to £130.9 million indicates a robust demand for mortgages, which can be attributed to competitive rates and a strong focus on customer service. The society’s mortgage balances now stand at £558 million, showcasing a consistent upward trend over the past three years.

    How Will the New Mortgage Origination System Affect Lending?

    Despite the record lending figures, Dudley Building Society anticipates a dip in mortgage lending for the first half of the current year. This is due to the integration of a new mortgage origination system that launched in April. While the new system aims to streamline operations and improve efficiency in processing applications, it may temporarily affect the volume of loans issued as the society adjusts to the new technology.

    What This Means for Borrowers and Brokers in the Mortgage Market

    For borrowers, the record lending figures from Dudley Building Society may signal a competitive mortgage market, potentially leading to more favourable terms and options. Brokers, on the other hand, may find increased advocacy from Dudley, as evidenced by the improvement in the society’s net promoter score (NPS) among intermediaries, which rose from 40.3 to 42. This suggests a growing satisfaction with the society’s services, which could enhance collaboration and support for brokers in the mortgage process.

    Frequently Asked Questions

    How does Dudley BS’s performance impact the mortgage market?

    Dudley BS’s record lending performance indicates a healthy demand for mortgages, which may encourage other lenders to remain competitive, potentially benefiting borrowers with better rates and terms.

    What should brokers expect from Dudley BS in the near future?

    Brokers can expect improved collaboration and support from Dudley BS, as indicated by the rise in its net promoter score, which reflects increased satisfaction with the society’s services.

  • Aria Finance Enhances Bridging Finance Access via Partnership

    Aria Finance Enhances Bridging Finance Access via Partnership

    Aria Finance has announced a significant expansion in its bridging finance distribution by partnering with Mortgage Brain. This collaboration will enhance access to bridging loans and development finance for brokers, enabling them to better address complex lending needs.

    TL;DR: Aria Finance now connects with over 15,000 users through Mortgage Brain; brokers gain improved access to specialist finance solutions for complex lending scenarios.

    How Does This Partnership Impact Bridging Finance for Brokers?

    The partnership with Mortgage Brain allows Aria Finance to tap into a vast network of brokers, providing them with direct access to a range of bridging finance solutions. This is particularly beneficial for intermediaries who handle complex cases, as they can now use Aria’s expertise in bridging loans and development finance.

    What Changes Have Been Made to Sourcing Brain?

    Recent updates to the Sourcing Brain platform in 2025 have included a redesigned user interface and improved search functionalities. These enhancements aim to facilitate quicker and more accurate results for brokers, making it easier to navigate the complexities of bridging finance.

    What This Means for Landlords and Borrowers Seeking Bridging Finance

    For landlords and borrowers, this partnership signifies a more streamlined process when seeking bridging finance. With increased access to specialist lenders, those with unique or complex financial situations may find it easier to secure the funding they need. This could lead to more opportunities for property investment and development.

    Frequently Asked Questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one. It is often utilized in property transactions requiring quick funding.

    How can brokers benefit from this partnership?

    Brokers can benefit from this partnership by gaining access to a wider range of bridging finance options and enhanced support for complex lending cases, ultimately helping them serve their clients better.

  • Quantum Mortgages Strengthens Team in Northeast for Bridging Finance

    Quantum Mortgages Strengthens Team in Northeast for Bridging Finance

    Quantum Mortgages has announced the appointment of Phil Beswick as a key account manager in the Northeast, a move that underscores the lender’s commitment to enhancing its bridging finance offerings. Beswick, who previously worked at LiveMore Mortgages, will focus on building relationships with intermediaries and distribution partners in the region, particularly in the later-life lending market. This strategic hire comes on the heels of Quantum’s recent launch of new cashback and product transfer propositions, which have garnered positive feedback from brokers and landlord clients.

    TL;DR: Quantum Mortgages has appointed Phil Beswick as a key account manager in the Northeast; this aims to strengthen relationships with brokers and enhance bridging finance options for landlords.

    Who is Phil Beswick?

    Phil Beswick joins Quantum Mortgages with a wealth of experience from his role at LiveMore Mortgages, where he was instrumental in managing key accounts and liaising with distribution partners. His expertise in later-life lending positions him well to address the specific needs of intermediaries in the Northeast, a region that has shown increasing demand for tailored mortgage solutions.

    How Will This Appointment Impact the Bridging Finance Market?

    Beswick’s appointment is significant for the bridging finance sector as it reflects Quantum’s proactive approach to expanding its market presence. The lender’s recent cashback and product transfer propositions are designed to attract both brokers and landlords, providing them with innovative financing options. This could lead to increased competition in the bridging finance market, ultimately benefiting borrowers seeking flexible and accessible finance solutions.

    What This Means for Landlords and Brokers

    For landlords and brokers in the Northeast, Beswick’s connection with Quantum Mortgages may lead to more tailored support and enhanced product offerings. The positive reception of Quantum’s new propositions indicates a shift towards more customer-centric solutions in the bridging finance market. Intermediaries can expect to see a greater focus on specialist lending options that cater to the unique needs of their clients.

    Frequently asked questions

    What are the new cashback and product transfer propositions?

    Quantum Mortgages recently launched cashback and product transfer propositions aimed at improving the offerings available to brokers and landlords, enhancing their financing options.

    How does this appointment benefit the Northeast market?

    Phil Beswick’s expertise and focus on building relationships with intermediaries will likely lead to improved access to specialist lending products for landlords and brokers in the Northeast.