2017 UK Property Predictions

Forecasting the future is never easy and if 2016 was anything to go by almost impossible even for the so-called experts. Not that this will stop us from trying and this is certainly the case when it comes to UK property predictions. So, let’s take a brief look at what 2017 might have in store.... Read More

Top 10 Most Expensive Properties Outside of the UK

The UK property market is regular topic and one that Borro pays close attention to as a provider of loans secured by property and luxury assets. We decided to broaden our scope and take a look at the most expensive properties in the international market. Colorado - £14.2 million Kick-starting our list is this plot... Read More

Borro’s FCA Approval Cements its Commitment to Property Lending

Borro, the leading secured lender to wealthy clients, is pleased to announce it has received permission from the FCA to write regulated Bridging and Consumer Buy to Let loans. Regulated property loans will be offered from Monday October 3rd, alongside Borro’s existing bridging and luxury asset products. Paul Aitken, CEO, said ‘Our property clients are... Read More

Lending to HNW and Affluent Clients

People are often surprised to find that High Net Worth (HNW) and affluent clients struggle to access credit. Between ten and twenty percent of HNW in the United Kingdom struggle with access to loans. The main drivers behind this are irregular income, lack of credit, and bank regulations. Wealth often comes from assets and businesses,... Read More

Explaining EU Mortgage Credit Directive Regulations

In the biggest shake-up of the mortgage market for years, mortgages on residential and semi commercial property to unincorporated entities may now be caught by regulation. The regulations stem from the EU Mortgage Credit Directive (MCD) and the new rules came into force in the UK on the 21st of March 2016. Key changes include:... Read More

A Unique Property Case from Borro’s Senior Underwriter

Sue Coyle, Borro’s Senior Underwriter expounds on how she has solved some of the unique cases from her career and how her approach has changed now that she is at Borro. Even in bridging, which is well pretty understood, do you receive a lot of complicated cases? Always! It’s a really interesting role. No two... Read More

Fintech in the Bridging Finance Market

Banks Abandoning Property Lending Over the last seven years, as banks and other traditional lenders have moved away from property lending, and lending in general, new companies have taken their place offering new ways to borrow. These lenders fall into the broader category of ‘Alternative Finance’ – companies providing businesses and individuals with new ways... Read More

Interview with Borro’s Head of Underwriting & Credit

Nikki Brett, Borro’s Head of Underwriting & Credit spoke with Appreciating Assets to provide insights on how she approaches a case and what makes Borro different than other lenders: 1. What are the first things you look at when you receive a property/case? Here are the key things I look for: Exit strategy / plan... Read More

Significance of the HMO Property Market

The HMO market is encouraging substantial investment as investors recognize just how lucrative this asset class can be. A House of Multiple Occupancy (HMO) or a “Multi-Let” is a rental property occupied by three or more unrelated people forming one household. Typically, each bedroom will be rented individually with a shared kitchen, bathroom and living... Read More