BMP Wealth Ltd. is a Hong Kong-based wealth management firm and Altura partner, set up in 2017 to cater to the wealth management needs of what it calls "internationally-minded people," from such countries and regions as the UK and elsewhere in Europe, Canada, Australia and China. And now, it's in the process of entering the American expat wealth management sector as well, the company has told the American Expat Financial News Journal.
The government’s 95 per cent loan to value (LTV) initiative, should it come to fruition, would take pressure off the banks to offer risky loans in the current environment.
Talk of negative interest rates and the gradual rise in mortgage pricing is presenting borrowers with a tricky decision.
The property market will not be shut as England heads into a second lockdown on Thursday, with renters, homeowners and buyers still able to view and move house.
Brokers have reported more down valuations on properties as lender caution remains and a lack of home moves in recent years has resulted in a dearth of comparable property data.
Service levels and communication methods during the pandemic have changed the relationship brokers have with lenders.
Industry pundits have expressed scepticism over Boris Johnson’s party conference pledge to introduce long-term 95 per cent loan-to-value mortgages.
Barclays has taken brokers by surprise after backdating a change to its lending criteria.
A lack of updates, redeployed staff and the need to discuss cases before they are submitted has left brokers speculating whether they are being discouraged from working with overwhelmed lenders.
A decision in principle (DIP) gives some way in indicating how eligible a client might be for a mortgage but with lenders assessing risk and adjusting criteria, they might not be as representative as they once were.
