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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...
Lender vs lawyer: SRA regulated bogus firm
Thursday 17th May 2012
A law firm is considering taking action against the Solicitors Regulation Authority (SRA) for failures which it claims led to it being tricked in a mortgage fraud by a bogus practice which was SRA registered. Davisons Solicitors, which is facing a High Court order to repay £184,500 to a high street mortgage lender, argues that had the authority acted promptly in reacting to a warning that this was not a legitimate practice,...
Leaked astl mail confirms association’s ‘struggle’
Thursday 17th May 2012
Internal correspondence from the Association of Short Term Lenders (astl) which has recently landed in the public domain, communicates the Association’s outgoing CEO Adrian Bloomfield’s observations of the astl’s... Continue reading »
Net lending 114% higher year-on-year
Thursday 17th May 2012
Net lending in bridging has increased by 114 per cent year-on-year, according to data compiled by specialist short term lender West One Loans. The increase has been driven... Continue reading »
Fantasy Football: Manager of the Season
Thursday 17th May 2012
Today, we can announce the overall winner of the exclusive for brokers Manager of the Month competition, within the Fantasy Football Premier League, the largest fantasy football game in... Continue reading »
Development deal of the week
Thursday 17th May 2012
With lenders in the short term sector beginning to diversify their product range to help a broader range of clients obtain the finance they need, here at B&C we... 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?
Find out the answer...
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