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Samuels Says
Each week Mr Samuels gives us an inside scoop on the issues that are happening at the heart of the industry. He will comment on the latest trends and all the rumours that are flying around behind closed doors...
Precise Mortgages to Launch Joint Legal Representation on Bridging Range
Friday 3rd February 2012
The bridging market traditionally insists on separate legal representation for the borrower and lender but from Monday 6th February Precise Mortgages will allow borrowers if they choose, to use Precise Mortgages’ solicitors. Precise Mortgages believes the move will significantly reduce the time it takes to complete the legal process on a bridging deal, whilst halving the cost to the borrower. For a typical £250,000 property the legal work will cost £599 (plus...
Football boss to offload £3.5m acquisition at bargain price
Thursday 2nd February 2012
In a desperate bid to sell his multi-million pound mansion, which has been up for sale over two years, ex-Rangers director, Ian Skelly, has dropped the price of his... Continue reading »
Commercial event of the year exclusively announced
Thursday 2nd February 2012
The number one event for the commercial finance industry, the NACFB Commercial Finance Expo 2012, has officially launched and will be open to registrations as of today. The eagerly... Continue reading »
Behind the Doors of Omni Capital Underwriting
Thursday 2nd February 2012
In the first of a brand new series of articles giving you a sneak peek behind the door of bridging lenders, B&C spent the afternoon with Omni Capital’s Watford-based... Continue reading »
Manager of the Month: Lets be ‘Avenue’
Thursday 2nd February 2012
We can today announce the latest winner of the Manager of the Month competition, exclusive for brokers, within the Fantasy Football Premier League, the largest fantasy football... Continue reading »
Need an Answer?
When a buyer has secured a genuine discount against OMV (eg buying in bulk from the Official Receiver) which lenders will lend the highest LTV against OMV as opposed to purchase price - without requiring additional security?
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