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Tag: Specialist Lending

  • StrideUp Boosts Proc Fees in the Mortgage Market

    StrideUp Boosts Proc Fees in the Mortgage Market

    StrideUp has announced an increase in its procuration fees for complex buy-to-let (BTL) cases, enhancing rewards for brokers while simultaneously reducing rates for clients. This move is significant as it reflects StrideUp’s commitment to supporting the specialist mortgage market, particularly for landlords and investors dealing with more intricate property arrangements.

    TL;DR: StrideUp raises proc fees for direct submissions and through networks; this benefits brokers and landlords seeking complex BTL financing.

    How Have Proc Fees Changed?

    StrideUp has increased its procuration fee for cases submitted directly to the lender and for submissions via a network or club, effective until the end of August. This is an improvement from the previous maximum. This change is designed to reward brokers more generously for handling complex cases, which often require additional expertise.

    What Are the New Product Offerings?

    The lender has introduced a two-year fixed residential HMO (House in Multiple Occupation) or MUFB (Multi-Unit Freehold Block) product, available at 65% finance to value (FTV) and 75% LTV. StrideUp has also expanded its criteria, doubling its HMO limit and MUFB limit, with financing available up to a significant amount per property.

    What This Means for the Mortgage Market

    For landlords, the increased proc fees and enhanced product offerings mean better financial incentives when working with brokers on complex BTL cases. Brokers, in turn, will benefit from higher rewards for their efforts in navigating these specialist cases. This dual approach of cutting rates while increasing fees is aimed at making StrideUp a more attractive option in the competitive mortgage market. For those interested, checking current mortgage rates can provide additional insights.

    Frequently asked questions

    What types of properties qualify for StrideUp’s new products?

    StrideUp’s new products are aimed at residential HMOs and MUFBs, accommodating larger properties with specific limits on the number of units and bedrooms.

    How can brokers benefit from the increased proc fees?

    Brokers can earn higher fees for complex BTL cases, providing a stronger financial incentive to assist clients with these more challenging mortgage applications.

  • Metro Bank’s Specialist Mortgage Lending in the Market

    Metro Bank’s Specialist Mortgage Lending in the Market

    Metro Bank has reported a remarkable 73% growth in its specialist mortgage lending, marking a significant shift in the UK mortgage market. The bank’s new gross lending reached £1 billion in the first half of 2026, contributing to a total retail mortgage portfolio of £4.8 billion. This growth highlights the bank’s increasing focus on specialist lending, which now comprises a substantial portion of its overall lending strategy.

    TL;DR: Metro Bank’s specialist mortgage lending surged by 73%, with total retail mortgages reaching £4.8 billion; this growth impacts borrowers and investors looking for opportunities in specialist lending.

    What is Driving Metro Bank’s Growth?

    The impressive growth in Metro Bank’s specialist mortgage lending can be attributed to a strategic focus on target lending segments, including corporate, commercial, and SME banking. These sectors collectively saw a year-on-year increase of 43%, reaching £6.2 billion. Additionally, commercial lending rose by 30%, from £3.1 billion to £4 billion, bolstered by the £1 billion of new gross lending in the first half of the year.

    How Does This Impact Borrowers?

    For borrowers, especially those in the commercial and specialist sectors, this growth signals a robust lending environment. With Metro Bank’s total retail mortgages making up 53% of its lending portfolio, borrowers may find more tailored options available to meet their specific needs. This is particularly relevant for landlords and investors seeking specialist mortgage products.

    What Should Investors Watch Next in the Mortgage Market?

    Investors should keep an eye on Metro Bank’s ongoing performance, as its underlying profit before tax rose to £60.6 million, up 34% from the previous year. The bank’s improved net interest margin, which increased from 2.87% to 3.18%, suggests a healthier lending environment. Furthermore, with a decrease in non-performing loans and improved credit performance, investors may find confidence in the bank’s stability and growth potential.

    Frequently asked questions

    What are specialist mortgages?

    Specialist mortgages are tailored loan products designed for specific borrower needs, including those with unique financial situations or property types, such as buy-to-let or commercial properties.

    How can I find the best mortgage rates?

    To find competitive mortgage rates, consider using a mortgage rate comparison tool, which can help you evaluate different lenders and find the best deal for your financial situation.

  • Paragon Expands Mortgage Market with New Bridging Team

    Paragon Expands Mortgage Market with New Bridging Team

    Paragon has announced the appointment of experienced industry professionals, Sanders and Patel, to spearhead the development of its bridging finance proposition. This strategic move aims to enhance Paragon’s offerings in the mortgage market, particularly in the specialist lending sector. With their extensive backgrounds, both Sanders and Patel bring a wealth of knowledge that could significantly impact borrowers and brokers alike.

    TL;DR: Paragon has appointed Sanders and Patel to lead its new bridging finance initiative; this development is set to benefit landlords and investors seeking flexible financing options.

    How Will This Impact the Mortgage Market?

    The introduction of a new bridging finance product by Paragon could provide landlords and property investors with more agile and tailored financing solutions. As the mortgage market continues to evolve, having access to innovative bridging options can facilitate quicker transactions and support investment strategies, especially in a competitive property market.

    Who are Sanders and Patel?

    Sanders joins Paragon with extensive experience in specialist lending, having previously led Omni Capital as CEO and founded Tuscan Capital, which was later sold to Allica Bank. Patel brings significant experience in the industry, having held senior roles at Together, Precise Mortgages, and United Trust Bank, where he served as Commercial Director. Their combined expertise positions Paragon to create a robust bridging finance solution.

    What is the timeline for the new bridging proposition?

    The new bridging proposition will be piloted with a select group of intermediaries before a full launch. This phased approach allows Paragon to refine its offering based on feedback from intermediaries and ensure that it meets market demands effectively.

    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, often used in property transactions.

    How can I access Paragon’s bridging products?

    Once launched, Paragon’s bridging products will be available through selected intermediaries, who will provide guidance on eligibility and application processes.

  • Paragon Strengthens Mortgage Market with New Bridging Proposition

    Paragon Strengthens Mortgage Market with New Bridging Proposition

    Paragon has appointed industry veterans Sanders and Patel to spearhead its new bridging finance initiative, a move that underscores the lender’s commitment to expanding its offerings in the mortgage market. With their extensive experience in specialist lending, both professionals are set to pilot the bridging proposition with selected intermediaries before a full launch.

    TL;DR: Paragon’s new bridging proposition, led by experienced professionals Sanders and Patel, aims to enhance options for intermediaries and borrowers; it will be trialed before a full rollout.

    Who are the new leaders at Paragon?

    Sanders brings a wealth of specialist lending experience, having previously served as CEO of bridging lender Omni Capital and founded Tuscan Capital, which he later sold to Allica Bank. Patel, with extensive experience in the industry, has held senior roles at Together, Precise Mortgages, and United Trust Bank, where he focused on intermediary partnerships. Their combined expertise positions Paragon well to innovate in the bridging sector.

    What is the significance of this new bridging proposition in the mortgage market?

    The introduction of this bridging proposition is significant for the mortgage market as it aims to provide more agile and committed financing options for borrowers. With a focus on working closely with intermediaries, Paragon seeks to create a tailored approach to bridging finance, which could benefit landlords and investors looking for quick access to funds in property transactions.

    What this means for borrowers and brokers

    For borrowers and brokers, the new bridging proposition could enhance access to finance during critical transactions, such as property purchases or renovations. The pilot phase will allow selected intermediaries to test the offering, potentially leading to more competitive rates and flexible terms in the bridging market. As the full launch approaches, stakeholders should keep an eye on how this initiative evolves and the impact it may have on their financing options.

    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, often used in property transactions.

    How will this affect the mortgage market?

    This new offering from Paragon could increase competition in the bridging finance sector, leading to better options for borrowers and potentially lower costs in the mortgage market.

  • Paragon Expands Bridging Proposition in Mortgage Market

    Paragon Expands Bridging Proposition in Mortgage Market

    Paragon has announced the appointment of experienced industry professionals Sanders and Patel to spearhead the development of its bridging finance proposition. This move is significant as it aims to enhance Paragon’s offerings in the mortgage market, particularly for landlords and property investors seeking flexible financing solutions.

    TL;DR: Paragon has appointed Sanders and Patel to lead its new bridging finance initiative; this will provide tailored solutions for property investors and brokers in the UK mortgage market.

    Who are Sanders and Patel?

    Sanders brings extensive specialist lending experience, having previously served as CEO of bridging lender Omni Capital. He also founded Tuscan Capital, which he later sold to Allica Bank. Patel, with significant experience in the industry, has held senior roles at various firms including Together and Precise Mortgages, and will serve as Commercial Director. Their combined expertise positions Paragon to effectively navigate the bridging finance market.

    What is the timeline for the new bridging proposition?

    Sanders and Patel will pilot the bridging proposition with a select group of intermediaries in the final quarter of this year, with plans for a full launch in the following year. This phased approach allows Paragon to refine its offering based on feedback from initial users, ensuring that the final product meets the needs of the market.

    What this means for the mortgage market

    The introduction of this bridging finance proposition is particularly relevant for landlords and property investors who often require quick access to funds for property purchases or renovations. With the backing of a FTSE 250 lender, Paragon aims to provide an agile and long-term solution that could enhance the overall mortgage market. Brokers should keep an eye on this development, as it may lead to new opportunities for collaboration and client service.

    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, often used by property investors.

    How can brokers benefit from Paragon’s new offering?

    Brokers can benefit by accessing tailored financing solutions for their clients, potentially increasing their service offerings and improving client satisfaction in the competitive mortgage market.

  • Metro Bank’s 73% Growth in the Mortgage Market

    Metro Bank’s 73% Growth in the Mortgage Market

    Metro Bank has reported a remarkable 73% growth in specialist mortgage lending, reflecting a strong performance in the UK mortgage market. The bank’s new gross lending reached £1 billion in the first half of 2026, contributing to a total retail mortgage portfolio of £4.8 billion, which now accounts for 53% of its overall lending.

    TL;DR: Metro Bank’s specialist mortgage lending surged by 73%, with total retail mortgages hitting £4.8 billion; this growth impacts borrowers and investors in the mortgage market.

    What drove Metro Bank’s mortgage growth?

    The bank’s target lending segments, including corporate, commercial, and SME banking, alongside specialist mortgages, experienced a 43% year-on-year increase, reaching £6.2 billion. This growth was bolstered by a 30% rise in commercial lending, which climbed from £3.1 billion to £4 billion during the same period. The £1 billion of new gross lending in H1 2026 played a significant role in this expansion.

    How did Metro Bank’s profits perform?

    Metro Bank reported an underlying profit before tax of £60.6 million, up 34% from £45.1 million a year earlier, marking its most profitable half-year to date. Underlying net interest income also saw an 8% increase year-on-year, reaching £241.5 million, while overall revenue rose by 5% to £301 million. The net interest margin improved from 2.87% to 3.18%, indicating enhanced profitability in its lending operations.

    What does this mean for the mortgage market?

    For borrowers, particularly those seeking specialist mortgages, Metro Bank’s growth signals a more competitive market with increased lending options. Investors in the mortgage sector may view this as a positive indicator of the bank’s financial health and commitment to expanding its lending portfolio. The decline in non-performing loans to 4.39% from 5.42% a year earlier suggests improved credit performance, which could lead to more favourable lending conditions. To ensure you find the best deals, consider checking mortgage rate comparisons.

    Frequently asked questions

    What types of mortgages are included in specialist lending?

    Specialist lending typically includes mortgages for unique circumstances, such as buy-to-let properties, self-build projects, and lending to those with adverse credit histories.

    How can I find competitive mortgage rates?

    To find the best mortgage rates, consider using comparison tools that evaluate current mortgage rates across various lenders, ensuring you secure the most favourable terms.

  • CHL Mortgages Expands Bridging Finance Offerings

    CHL Mortgages Expands Bridging Finance Offerings

    CHL Mortgages has launched a new bridging finance proposition, providing both regulated and unregulated short-term funding options for property transactions and refurbishment projects. This move enhances CHL Mortgages’ specialist lending capabilities, allowing them to cater to borrowers in need of quick financial solutions across various property scenarios.

    TL;DR: CHL Mortgages now offers bridging finance for property transactions, impacting borrowers needing short-term funding; this expansion supports a variety of property needs.

    What is Bridging Finance?

    Bridging finance is a type of short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one. It can also be used for refurbishment projects, making it a versatile option for landlords and property investors. With CHL Mortgages entering this market, borrowers can expect more options and potentially competitive rates.

    Who Can Benefit from CHL’s New Offering?

    This new bridging range is particularly beneficial for landlords, property developers, and investors who require immediate funding solutions. Whether it’s for acquiring a new property quickly or financing renovations, CHL Mortgages’ offerings can facilitate a smoother transaction process.

    What This Means for Borrowers

    The introduction of bridging finance by CHL Mortgages signifies a growing recognition of the need for flexible funding solutions in the property market. Borrowers can now access short-term finance that supports various property-related scenarios, enhancing their ability to act quickly in competitive markets. This is particularly relevant for those looking to capitalise on investment opportunities or manage cash flow effectively.

    Frequently asked questions

    What types of projects can bridging finance be used for?

    Bridging finance can be used for property transactions, refurbishment projects, and other short-term funding needs related to real estate.

    How does CHL Mortgages’ bridging finance differ from traditional loans?

    Unlike traditional loans, bridging finance is designed for short-term needs and typically has a quicker approval process, making it ideal for urgent funding requirements.

  • CHL Mortgages Launches New Bridging Finance Range

    CHL Mortgages Launches New Bridging Finance Range

    CHL Mortgages has unveiled its new bridging finance range, providing both regulated and unregulated short-term funding options for property transactions and refurbishment projects. This expansion enhances CHL Mortgages’ offerings in the specialist lending sector, catering to borrowers in need of quick financial solutions across various property scenarios.

    TL;DR: CHL Mortgages now offers bridging finance options, impacting borrowers needing short-term funding for property deals; this move strengthens their position in the specialist lending market.

    What is Bridging Finance?

    Bridging finance is a type of short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is typically used for urgent transactions or refurbishment projects, allowing borrowers to access funds quickly. CHL Mortgages’ new range includes both regulated and unregulated options, catering to a diverse set of needs.

    Who Can Benefit from CHL’s Bridging Finance?

    This new offering is particularly beneficial for landlords, property investors, and homeowners looking to purchase properties quickly or fund renovations. With CHL Mortgages being part of Chetwood Bank, borrowers can expect secure funding and operational resilience, making it a reliable choice for short-term finance needs.

    What This Means for Borrowers and Brokers

    The launch of CHL Mortgages’ bridging finance range provides additional options for borrowers who require swift financing solutions. For brokers, this expansion offers a new product to recommend to clients, enhancing their service offerings in the competitive property market. As the demand for fast funding continues to rise, this could lead to increased opportunities for both borrowers and brokers alike.

    Frequently asked questions

    What types of projects can bridging finance be used for?

    Bridging finance can be used for various projects, including purchasing new properties, funding renovations, or facilitating quick sales in property transactions.

    How does bridging finance differ from traditional mortgages?

    Unlike traditional mortgages, which are long-term loans, bridging finance is a short-term solution designed for immediate funding needs, often with quicker approval processes.

  • CHL Mortgages Unveils New Bridging Finance Options

    CHL Mortgages Unveils New Bridging Finance Options

    CHL Mortgages has launched a new bridging finance range, providing both regulated and unregulated short-term funding options for property transactions and refurbishment projects. This expansion enhances CHL Mortgages’ specialist lending capabilities, allowing them to cater to a wider array of borrowers needing quick financial solutions.

    TL;DR: CHL Mortgages now offers bridging finance, enabling quick funding for property transactions; this is significant for borrowers and investors seeking flexible financial solutions.

    What is Bridging Finance?

    Bridging finance is a short-term loan designed to cover immediate funding needs, often used in property transactions. It allows borrowers to secure funds quickly, making it suitable for purchasing properties at auction, financing renovations, or bridging gaps in property sales. With CHL Mortgages’ new offering, borrowers can access both regulated and unregulated options, providing flexibility depending on their specific needs.

    Who Can Benefit from CHL Mortgages’ Bridging Range?

    This new bridging finance range is particularly beneficial for landlords, property investors, and developers who require swift access to funds. Whether it’s for a quick property acquisition or financing a refurbishment project, the availability of short-term finance can make a significant difference in capitalising on opportunities in the property market.

    What This Means for Borrowers and Investors

    The launch of CHL Mortgages’ bridging finance options signifies a growing trend in the specialist lending market, providing more choices for borrowers. With the backing of Chetwood Bank, borrowers can expect secure funding and operational resilience. This development is important for those looking to navigate competitive property scenarios, as it enhances their ability to act quickly when opportunities arise.

    Frequently Asked Questions

    What types of projects can bridging finance be used for?

    Bridging finance can be used for various projects, including purchasing properties at auction, financing renovations, or covering gaps in property sales.

    How does CHL Mortgages’ bridging finance differ from traditional loans?

    Unlike traditional loans, bridging finance is designed for short-term needs, providing quicker access to funds, which is essential for time-sensitive property transactions.

  • Mortgage Market: Hosts for Specialist Lending Awards 2026

    Mortgage Market: Hosts for Specialist Lending Awards 2026

    The Mortgage Strategy Specialist Lending Awards 2026 are set to take place, with Lazzara-Tilley and Prosser announced as hosts. This event highlights the evolving mortgage market, celebrating innovation and collaboration within the lending community.

    TL;DR: The Mortgage Strategy Specialist Lending Awards 2026 will feature hosts Lazzara-Tilley and Prosser, recognising key contributions to the mortgage market; this event is significant for industry professionals aiming to enhance their visibility and networking opportunities.

    Who are the hosts of the awards?

    Lazzara-Tilley, founder and chief executive of Manuka Media, is known for her expertise in marketing and personal branding within the mortgage sector. Alongside her is Prosser, the commercial director of Mortgage Strategy, who has over 25 years of experience in media and events. His leadership has been pivotal in shaping the Specialist Lending Awards, focusing on innovation and community engagement.

    What is the significance of the Specialist Lending Awards in the mortgage market?

    The Specialist Lending Awards aim to recognise excellence in the mortgage market, particularly in specialist lending. This event not only showcases the achievements of various professionals but also serves as a platform for networking and collaboration among industry stakeholders. For brokers, lenders, and investors, attending can provide insights into emerging trends and best practices.

    What this means for mortgage professionals

    For those in the mortgage market, the Specialist Lending Awards present an opportunity to gain recognition and connect with peers. As the industry continues to evolve, events like this help support relationships that can lead to future collaborations and innovations. Professionals should consider attending to stay informed about market developments and to enhance their business prospects.

    Frequently asked questions

    What are the Specialist Lending Awards?

    The Specialist Lending Awards celebrate excellence and innovation in the mortgage market, recognising key contributions from various professionals.

    How can attending the awards benefit mortgage professionals?

    Attending the awards provides networking opportunities, insights into industry trends, and a chance to gain recognition for achievements in the mortgage sector.