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Mortgage Solutions speaks to Joe Noon (pictured), regional account manager for the Yorkshire region at buy-to-let (BTL) lender Landbay. Which locations and how many advisers and broker firms do you cover in your role at Landbay? I cover a large slice of Yorkshire and the East Midlands, with SK thrown in for good measure….
NatWest has increased fixed rates across almost all of its new business mortgage products, with rises ranging from 0.01 percentage points to 0.2 percentage points since last week. The largest single rise was to the 95% loan-to-value (LTV) five-year fixed purchase rate, which increased from 5.29% to 5.49%, a rise of 0.2 percentage points….
Florida-based MV Realty is suing a law firm it hired to handle its corporate matters, alleging the firm’s work exposed the brokerage to a slew of consumer protection litigation and investigations. The brokerage alleges that Holland & Knight’s services and legal advice “destroyed” its business, which was valued at $350M as of December 2022, according to a malpractice…
KPMG forecast full-year IPO fundraising of about HKD350bn ($44.6bn). Credit: Jr images/Shutterstock.com Hong Kong’s changes to its fund tax exemption and carried interest rules are expected to draw more regional and global asset managers to the city, according to KPMG’s latest Hong Kong Asset Management and Private Equity Outlook. The Securities and Futures Commission’s (SFC) latest Asset…
Key insight: For the Federal Reserve to shrink its balance sheet, it will need banks to hold fewer deposits at the central bank. Achieving that reduction starts with regulatory reform, analysts and academics say. Expert quote: “The way to get this accomplished is alongside a changing liquidity, regulatory and supervisory backdrop for the Fed.” —…
Anti-money laundering requirements for ‘source of wealth’ checks are consuming up to 25% of conveyancing lawyers’ time, according to Peter Ambrose, owner of The Partnership and Legalito, who has identified this as a primary cause of property transaction delays. The checks, which differ from simpler ‘source of funds’ verification, require lawyers to scrutinise financial documentation…
Molo has adjusted our UK resident buy-to-let (BTL) range, increasing two-year fixed rates from tomorrow. Standard BTL two- and five-year fixed rates will start from 3.21% and 4.99% respectively. Specialist BTL two-year fixed rates will start from 3.31% while five-year fixes in the range will start from 5.09%. The existing product range will be withdrawn…
Key insight: The Main Street Capital Access Act passed the House in a 270-155 vote. Forward look: It’d be very difficult to get new legislation through the Senate, especially with the opposition of Senate Banking Committee ranking member Sen. Elizabeth Warren, D-Mass., but the bipartisan appeal of the vote signals that some of the provisions…
The Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park. The deal is equal to about $290,200 per unit. SEE ALSO: Centaur Sells…
The transaction marks the group’s entry into its seventh European market. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post M Core enters Italy with €300m retail…