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…
Hampshire Trust Bank (HTB) has updated its semi-commercial proposition, introducing a pricing band for loans between £250,000 and £1m, with rates from 6.64%. It has also added a 65% loan-to-value (LTV) range, with rates from 6.24%. The changes gave brokers more options across loan sizes and LTVs for semi-commercial cases and supported mixed-use investment…
The S&P 500 and the Nasdaq closed lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence. After months of gains that lifted the major indexes from their March lows, momentum has been wobbling…
To engage customers effectively online, you need to implement seven key strategies. Start by crafting a compelling brand story that connects emotionally with your audience. Next, personalize content to align with their preferences. Create high-value content that resonates, and build a seamless omnichannel experience for consistent messaging. Foster community interactions to drive loyalty, and use…
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 The existing product range will be withdrawn…
Samantha Beach. Credit: Rothschild & Co Rothschild & Co has named Samantha Beach as a director and client adviser in its UK wealth management business in Manchester. The appointment adds to the firm’s regional wealth management presence in the North of England. Access deeper industry intelligence Experience unmatched clarity with a single platform that combines…
When you first launch a business, you feel invincible and almost superhuman. The energy is high, and if you’re like most new business owners, you start out absolutely certain you can do everything in-house. From advertising and accounting to copywriting and SEO, if you can’t do it yourself, you can find competent employees who are…
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…
Andy Burnham’s council housebuilding programme faces significant delivery challenges due to insufficient publicly owned land in areas with the greatest housing need, according to analysis by specialist lender Together. Research using data from property platform Searchland found that publicly owned brownfield land in England has capacity for between 187,000 and 207,000 homes, falling short of…
Annaly Capital Management’s purchases of loans and servicing contributed to a profitable second quarter above most consensus estimates, but its executives said that’s in part because it’s taking a measured approach. Processing Content The real estate investment trust, whose Onslow Bay unit is a top buyer of conventional mortgage servicing rights and a significant nonagency…