MMR: Affordability rules for bridging
The Financial Services Authority plans to force bridging lenders to assess affordability for borrowers making monthly repayments and to cap bridging loan terms at 12 months.
January 4, 2012
December 19, 2011
MMR: Bridging not arrears management strategy
The Financial Services Authority is worried borrowers are being advised to use bridging as a way of repaying mortgage arrears.
December 16, 2011
Tiuta receives £30m funding line
Tiuta has secured £30m of funding for use during December 2011 and January 2012.
December 10, 2011
Bumi Armada secures RM1.08b long-term loan
Bumi Armada Bhd, an offshore field services provider, has secured a RM1.08 billion loan from seven local and international banks.
December 9, 2011
AMI warns about using unregulated bridging lenders
The Association of Mortgage Intermediaries has warned brokers dealing with unregulated bridging lenders to be wary of risking their Financial Services Authority licence.
December 6, 2011
Tiuta £130m funder revealed
Connaught Asset Management has revealed it is responsible for £130m of Tiuta’s funding.
November 24, 2011
FSA warns brokers over misuse of bridging
Regulator issues warning shot over misuse of bridging and buy-to-let.