Mortgage Strategy
Demand for city centre locations and flats is beginning to return, fuelled by the easing of restrictions and the government’s Mortgage Guarantee Scheme, according to Rightmove. The property website says that the jump in the number of people contacting agents about its flat listings has been higher than for any other property type, up by […] 20
Accord Mortgages is now allowing 90% LTV lending for new build properties, excluding flats and properties in Northern Ireland. Its new offerings for a maximum loan size of £500,000 comprise a two-year fix at 3.70% and a five-year fix at 3.76%. For a maximum loan of £600,000, the lender has launched a two-year fix at […]
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Stonebridge hires Earnshaw as operations director
By Leah Milner 20
Stonebridge has appointed Gavin Earnshaw as operations director.
Earnshaw joins on June 1 from rival network HL Partnership where he was director of compliance.
He has more than 35 years’ experience in financial services with previous operations and compliance roles including posts at Sesame Bankhall, The Right Mortgage and Protection Network, Castle Trust, Police Mutual and Pink Homeloans.
In his new role, Stonebridge says he will be tasked with delivering “operational efficiencies across the group and helping scale the business to achieve further substantial growth”.
Earnshaw will report to the network’s chief executive Rob Clifford and will be part of the senior management team.
Rob Oliver is sales director at Castle Trust Bank
Buy-to-let (BTL) has bounced back and, according to Hamptons, the number of first-time landlords entering the sector grew in 2020.
So, too, did the number of landlords using a mortgage to fund their purchase – the London estate agent says that only 52% of landlords bought property with cash during 2020, which is the lowest figure on record, down from a peak of 62% in 2017.
In another report, Hamptons says that the focus on rental income is becoming increasingly important for mortgaged landlords as price growth from 2020 to 2025 will be lower than it was from 2015 to 2020, meaning a larger proportion of an investor’s income over this period will come from rent rather than capital appreciation.
Kensington Mortgages has appointed Neil Tribick as regional business development manager (BDM) for the North East.
Tribick has more than 20 years’ experience in the mortgage and financial services industry, joining from Furness for Intermediaries.
Prior to this, he worked at Tesco Bank Mortgages, Castle Trust and Intelligent Finance.
As part of Kensington’s continued growth plans, in March, it made additional hires in the BDM and Business Development Unit (BDU) team.
Kensington Mortgages also increased its underwriting team by 50% over the past 12 months as part of their plans to double its number of underwriters.
Craig McKinlay, new business director at Kensington Mortgages, said: “We are delighted to welcome Neil to the team. His past experience will be invaluable in his new role.