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Next: Monday 6th July 
10.30am
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THANK YOU TO ALL WHO JOINED US ON ZOOM FOR OUR LATEST WEBCAST. 
 
KEY TAKEAWAYS
(From Monday 29th June 2020)
 

CRYSTAL UPDATE


Crystal Deal of the Week:

Precise Mortgages - £800k loan on £3.5m property. 73 Year old self-employed architect. Employed by his own Limited Company, they needed a combination of salary, dividends and retained profits to get the loan amount agreed. The lender structured the deal to get the right loan amount 2 Year Fixed at 3.49% was agreed with the customer.


Crystal Completion of the Week:
MT Finance - £1.4m Foreign National Bridge to pay off highly geared Development Finance secured on another site. Needed to complete before months-end. Sales on the original site were slow on account of Brexit headwinds and Covid-19.


Crystal Back Office Hero:
West One Loans - Buy to Let - Excellent products for BTL from West One are proving very popular.

  

KNOWLEDGE BANK - CRITERIA HIGHLIGHTS

  • 207 criteria changes last week (down from 276 the previous week) so things seem to be quieting down, is this the calm before the storm?

  • Scotland and Wales relaxing lockdown restrictions meant lenders started

    communicating about physical valuations in these areas

  • A few more LTV increases from smaller building societies

  • Specialist lenders notably quiet, for now...

 

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Stay ahead of the curve with expert insight and up to date market knowledge from Nicola Firth, Founder of Knowledge Bank and Jo Breeden, Managing Director of Crystal Specialist Finance bringing you this live specialist finance webcast every Monday morning on Zoom.
Crystal works closely with a number of specialist lenders to bring brokers the educational resources needed to provide more solutions for clients. 
 

Whatever the scenario, Crystal Specialist Finance works with you to provide solutions for Bridging FinanceComplex Buy to LetCommercial FinanceDevelopment FinanceSpecialist Residentialand Second Charge Loans

 
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