View more on these topics

The Express route to Northern Ireland

Mortgage Express is taking its specialist lending products to Northern Ireland after demand from intermediaries.

Northern Ireland has a different legal system from Eng land and Wales and Scotland. This means the Bradford & Bingley specialist lending arm has had to draft new documentation to make its products applicable in Northern Ireland.

Borrowers can access Mortgage Express specialist products such as buy to let, 100%+, self-cert and flexible tracker mortgage Horizon.

The products have rates linked to the Bank of England base lending rate. There are no mortgage indemnity guarantee charges.

Managing director Tim Dawson says: “Northern Ire land is an increasingly active market and we predict a healthy demand for our pro ducts. Buy-to-let mortgages, in particular, are likely to be popular, especially in the vibrant Belfast area.”

Recommended

Horlick says regulation stopping fund start-ups

Excessive regulation will prevent entrepreneurs from building fund management businesses from scratch, warns SG Asset Management joint managing director Nicola Horlick.Fund managers such as Perpetual and Jupiter have proved in the past that it is possible to build top 10 managers from a standing start.But Horlick believes the cost of regulation and compliance costs are […]

Aberdeen Asset Managers launches new investment trust

Aberdeen Asset Managers has announced the launch of new European split capital investment trust. The European Growth & Income Trust has a planned life of six years. The trust will be invested in three main areas, 65 per cent in the continental European equity, 20 per cent in a revenue portfolio comprising an income portfolio […]

Nationwide cuts standard variable rate

Nationwide is reducing its standard variable mortgage rate to 7.09 per cent from 7.29 per cent from December 1. It says the move comes against growing expectations there will be a reduction in interest rates and is taking the lead in cutting its rate because of the increasingly competitive nature of the mortgage market. Nationwide […]

Portman updates website

Portman Building Society is re-vamping its website to help provide customers with easier access to information .The site, www.portman. co.uk, has information on the loan range and helps borrowers work out what they can afford. Borrowers are then guided to suitable products.It offers a facility to seek a decision in princ iple and make an […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment