Posts with tag: north of England

LendInvest Hires Second BDM in North to Satisfy Regional Demand

Published On: June 20, 2017 at 9:31 am


Categories: Finance News

Tags: ,,

LendInvest, the specialist mortgage lender, has appointed its second Business Development Manager (BDM) in the north of England to satisfy regional demand.

LendInvest Hires Second BDM in North to Satisfy Regional Demand

LendInvest Hires Second BDM in North to Satisfy Regional Demand

Sophie Mitchell-Charman joins the team from Mint, where she worked as a Bridging BDM. With over 12 years’ financial services experience, Sophie has worked as both a broker and a BDM, bringing a wide-ranging skillset to the role.

Based in York, Sophie will travel throughout the north of England, with a particular focus on the North East. She will source deals across LendInvest’s full product range, from pre-construction finance to development exit.

The appointment is LendInvest’s third hire outside of London and second in the north, following the recruitment of Peter McDermid as BDM for Scotland in July 2016 and Damien Druce as a Manchester-based BDM in November 2016.

The firm continues to complete a growing number of deals outside of London, with five new deals completing in Scotland alone this month. These hires are a direct response to increasing demand for LendInvest’s short-term property finance.

The Chief Commercial Officer of LendInvest, Matthew Tooth, says: “We’ve seen an increasing demand in the northern market. Hiring our first northern BDM at the end of last year has highlighted the potential within the region, one which Sophie, alongside Damien Druce, is more than equipped to capitalise on.

“Sophie’s breadth of experience as both a BDM and a broker puts her in a brilliant position to cultivate business in an area that is strategically important for our business development plans.”

Sophie adds: “As LendInvest’s profile continues to grow in the north, I am very excited to join the team during this crucial time of rapid national expansion. What will truly make the difference in the region is the diverse product range that LendInvest is offering; a suite truly tailored to a broad spectrum of borrowers.”

Congratulations to Sophie!

Buy-to-let investors set to look North

Published On: May 24, 2017 at 8:59 am


Categories: Landlord News

Tags: ,,,

Fresh research from the Legal & General Mortgage Club has revealed that a number of brokers believe that the North of England will become a hotspot for landlords over the course of the next year.

Those brokers attending the Legal & General Mortgage Club’s recent buy-to-let forum event were quizzed on the development of the buy-to-let market. This followed the series of legislation changes that came into force in the last twelve months.


As a consequence of the legislation changes, 69% of brokers feel that landlords will look to streamline their portfolios. Many will look to sell properties with lower yields, while 45% feel that buy-to-let investors will turn their attention to university towns and student accommodation.

Jeremy Duncombe, Director at the Legal & General Mortgage Club, observed: ‘Over the past 12 months, the buy-to-let market has experienced a myriad of legislative changes. Today’s research from Legal & General Mortgage Club’s inaugural buy-to-let forum shows one of the impacts of these developments, with developers looking North for value. Landlords are resourceful and this demonstrates the resilience of the market, despite many changes.’[1]

Buy-to-let investors set to look North

Buy-to-let investors set to look North

‘The last year has been a particularly challenging year for buy-to-let. The Stamp Duty hike, coupled with the changes to tax and the PRA legislation affecting landlords with four or more properties, has undoubtedly impacted the purchase market in particular. However, it is reassuring to see that confidence in this essential tenure remains as landlords respond and adapt to this new landscape,’ he added.[1]

This report marries up with a separate one from Barclays released yesterday, which again highlights northern locations as the most popular for investors moving forwards.


Buy-to-Let Lender Expands Sales Team in North of England

Published On: September 5, 2016 at 9:33 am


Categories: Finance News

Tags: ,,,,

Buy-to-let lender Foundation Home Loans is continuing to expand its sales team in the north of England, confirming the strength of the property market for landlords.

The firm has recently appointed Joanna Elton as the Regional Account Manager for the north of England.

Buy-to-Let Lender Expands Sales Team in North of England

Buy-to-Let Lender Expands Sales Team in North of England

Elton will take on responsibility for building key partnerships with Foundation Home Loans’ distribution partners in the north, working under the Business Development Director, Paul Brett.

Elton has a host of experience in the mortgage industry, after starting her career at Mortgage Trust as a New Business Administrator. She moved into account management when the company rebranded as First Active.

Her career then took her to Kensington Mortgages and Scottish Life Mortgages, where she stayed for a few years, before moving onto Mortgage Next as a Regional Account Manager for five years.

In 2010, Elton joined Sun Life as a Regional Account Manager, before moving to London and Colonial, and then Curtis Banks. Before her appointment at Foundation Home Loans, Elton was a Business Development Manager at Mortgage Intelligence.

Brett comments: “Joanna brings with her a strong background in business development and relationship management, and we are delighted to have her on board. Her role will be to enhance existing distribution partner relationships as well as maximise the opportunities for new business and develop fresh sources.

“We have identified that the buy-to-let market in the north of England holds particular opportunities for landlords and their advisers. Joanna is an ideal ambassador for Foundation Home Loans’ buy-to-let proposition.”

Landlords looking for new investments may find that the north of England is offering strong capital growth in the current market, as house price rises outpace London for the first time in years. Recent research by Hometrack also suggests that growth is showing no signs of slowing down.

In addition, a new study from Property Partner insists that cities in the north of the country are offering the highest yields for landlords of student properties.

Is the north of England proving a buy-to-let hotspot for you?