Brokers: Private banks relaxing mortgage criteria on AUM
Private banks have started to ease up on assets under management requirements.
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Bridging lender launches peer to peer arm to fund loans
Bridging lender Wellesley & Co is launching a peer-to-peer lending arm to fund its short-term loans and offering investors returns of up to 7 per cent. Wellesley & Co says investors will earn between 5.5 per cent and 7 per cent a year depending on the length of their investment. Peer-to-peer investors will see their […]
Bridging lender Tiuta to enter liquidation
The administrators of Tiuta plc have begun to place the bridging lender into liquidation. Creditors have passed the resolution to put Tiuta into liquidation and the lender will be liquidated once Companies House has been notified.The firm was placed into administration in September last year, although the administration order expires on 27 September 2013. Tiuta […]