The Treasury's U-turn on the regulation of buy-to-let mortgages will see ‘accidental landlords' swept into the same regime as residential property owners.
Precise Mortgages, the specialist lender, has launched its residential mortgage range in preparation for what it expects to be a ‘busy end' to 2014.
Precise Mortgages has simplified lending criteria, cut rates and confirmed its preferred panel of 12 master brokers to distribute its second-charge loan range, which lists Brightstar, V Loans and Y3S.
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Precise Mortgages has launched two prime buy-to-let products at 80% loan-to-value (LTV) while Coventry has focused on landlords with larger deposits releasing products up to 65% LTV.
Following an operational review, residential conveyancer Goldsmith Williams is aligning itself more closely with the lending market.
Precise Mortgages is planning to launch into the second charge buy-to-let market in the next three months.
Precise Mortgages has issued its second public securitisation, with the deal expected to be closed in the next month.
Last week George Osborne handed the Bank of England the power to cap the size of mortgage loans compared to family income and house values.
Secured lender Precise says responsible lending must become a priority for all second-charge lenders ahead of full regulation due in March 2016.
Charter Court Financial Services Limited (CCFS) is preparing for its second securitisation following the successful completion of its inaugural portfolio launch in December 2013.
Specialist lender GE Money has withdrawn its interest-only mortgage range due to the additional underwriting considerations of the product type.
Precise Mortgages, the specialist lender, has launched an almost-prime range for buy-to-let landlords with minor and historic credit issues.
Legal & General's retail protection sales rose by 56% year-on-year in quarter one to £42m, results from its interim management statement have revealed.
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