SUBSCRIBE
  • About
  • Contact
  • Privacy policy
  • T&Cs
Wednesday, February 13, 2019
No Result
View All Result
BestAdvice
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LOANS
  • RETIREMENT
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LOANS
  • RETIREMENT
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing
No Result
View All Result
BestAdvice
No Result
View All Result

38% rise in enquiries for HNW Lending

by Kevin Rose
17 November 2015
0
Halifax launches mobile AIP tool
Share on FacebookShare on TwitterShare on LinkedIn

HNW Lending has announced that it has lent £2.5 million against individual homes or portfolios of property this year.

It consists of a panel of high net worth individuals who provide individual loans of between £50,000 and £1 million to clients against valuable assets.

The maximum loan to value is 80%, and the process takes no longer than 10 days to complete.

Although the lender provides loans against a variety of assets from jewellery, fine wine, classic cars and even yachts, 73% of its lending this year has been against property. It believes this is being fuelled by the fact that many people with larger properties and mortgages are finding it hard to secure further funding as lenders clamp down on older borrowers and the market for larger loans and multiples of income continues to struggle.

Borrowers with complex incomes or finances that do not fit traditional criteria such as relying on investment income are particularly at risk.

Ben Shaw, founder and director of HNW Lending, said: “In the first five months of this year we have seen a 38% increase in enquiries from people looking to use their property to secure funds. Overall, around 85% are looking to use UK based properties, and 15% want to borrow against overseas homes, generally in Spain and France.”

Previous Post

Masthaven recruits savings head

Next Post

Call for government to increase use of asset finance

Next Post
Call for government to increase use of asset finance

Call for government to increase use of asset finance

£300m securitisation for Paragon

Confidence back to pre-crisis levels

Saffron unveils limited edition FTB fix

LMS teams up with the Hinckley & Rugby

Most Popular

  • BEP Systems hires new ops director

  • Choppy waters ahead?

  • New Open Banking partnership for debt solutions market

  • Adverse credit criteria searches growing in popularity

  • Networks to hold later life lending seminars

Receive BestAdvice briefings

   


   


   


Recommended

Aldermore receives Enterprise Finance Guarantee accreditation

11 months ago

Pepper makes DMP rate and criteria changes

7 months ago
The Mortgage Lender partners with Clever Lending 

Clever Lending aims to be at forefront of second charge market

12 months ago
Retirement saving worries risk to mental health

Will Greenwood supporting L&G mental health campaign

7 months ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LOANS
  • RETIREMENT
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.