Author: Jordan

YBS Commercial Mortgages has reduced rates on its fast-track buy-to-let range, specialist products for large multi-unit freehold blocks, and owner-occupied commercial investment and semi-commercial products. The lender is reducing rates by 0.15% on its fast-track buy-to-let range, which offers a faster and more focused process, as well as discounted rates, for straightforward, low-risk buy-to-let cases from experienced portfolio landlords. Rates are also reduced by up to 0.20% on its specialist range for large MUFBs, categorised as seven or more units in a flat or house; and by 0.15% across its owner-occupied, commercial investment and semi-commercial products designed for…

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Investing.com — U.S. equity market dominance remains intact for now, but Barclays said cracks are beginning to appear, with crowded dollar positioning, AI wobbles and falling oil prices beginning to revive investor interest in European markets. Analyst Emmanuel Cau told clients in a note on Wednesday that U.S. equities saw their biggest inflows on record in June at approximately $150 billion, while rest-of-world markets “remained largely for sale.”  Dollar debasement concerns have faded amid strong growth and easing concerns over Federal Reserve independence, pushing USD positioning back to its highest levels since “Liberation Day” last year. However, Barclays warned that U.S.…

MUMBAI: :Gold loans continued to expand at a triple-digit pace in the 12 months up to May 2026, even as housing loan growth slowed to 10.9%, pulling overall personal loan growth down to 15.4% and leaving it trailing a 20% rise in services credit. The services sector increased its share of bank loans driven by a 33% surge in lending to non-banking finance companies (NBFCs), according to sectoral data released by RBI. Loans against gold jewellery rose 105.5% year-on-year to about Rs 5.1 lakh crore as of May 31, 2026, sharply outpacing the 15.4% increase in total personal loans to…

Lee Hutton triumphed in the 5km road race in Arnhem, which was one of the few to go ahead as planned, with many others postponed or cancelled due to the extreme heat. In-form Lee, having progressed to new age-category this year, gave a fine performance amongst a field of 89 runners, where he earned the coveted gold medal in the veteran male 70 category, finishing in a time of 25 minutes and 23 seconds in challenging conditions. The hot weather has also disrupted other sporting events, but the Tenby Marathon and the Gloucester 10K managed to go ahead. The Tenby…

The products are available to individual and limited company landlords, up to 75% LTV, with a choice of product fee options. CHL Mortgages has launched a light refurbishment buy-to-let (BTL) range aimed at landlords wanting to carry out non-structural or modernisation works to improve rental yield and value.  The products are available to individual and limited company landlords, up to 75% loan-to-value (LTV), with a choice of product fee options. The range was designed for investors looking to make upgrades such as installing a new bathroom or kitchen, replacing fixtures and fittings, windows and doors, roof coverings, full rewiring, or…

$75 million additional term loan facility maturing December 31, 2027, led by GoldenTree Asset Management Follows recent $165m equity raise strengthening cash position Including equity financing and undrawn loan facility, Alvotech has secured access to $240 million in new capital Funds will support execution across Alvotech’s R&D pipeline and global product launches REYKJAVIK, ICELAND (July 1, 2026) — Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that it has amended its existing credit agreement with funds managed by GoldenTree Asset Management LP and other existing lenders…

As institutional funds renew their interest in the recovering office market, investment manager Centuria Capital has snapped up a half interest in Sydney’s World Square office block in a $454 million deal that has won the backing of Japanese investors.The stake was bought from Canadian giant Brookfield and Centuria, an ASX-listed fund manager, said it had bought the office buildings at 680 George and 50 Goulburn streets at 60 per cent their estimated replacement value.Loading… Source link

Keith SonderlingPresident Donald Trump nominated Acting Secretary of Labor Keith Sonderling to permanently head the Department of Labor via a social media post on Monday.Sonderling took charge of the Department of Labor in April after former Secretary of Labor Lori Chavez-DeRemer resigned following a shaky tenure at the department. Sonderling needs Senate approval to remain in the post permanently, and his nomination will proceed through the Senate Committee on Health, Education, Labor and Pensions.For more stories like this, sign up for the PLANADVISERdash daily newsletter.  Prior to becoming acting secretary, Sonderling served as deputy secretary of labor after being confirmed by…

While the new Flex Plus Mortgage option entails higher rates and is restricted to those 70 and over, its biggest selling point is a loan-to-value (LTV) of up to 59%. That’s the highest published LTV in Canada for a reverse mortgage.That’s more than Equitable’s existing products, and also higher than the 55% published maximum LTV of HomeEquity Bank’s CHIP Max. Although, HomeEquity Bank (Equitable Bank’s archrival) does go above 55%. It just doesn’t publish it, so you have to ask.Equitable’s added four percentage points amounts to about $28,000 on Canada’s average home value. That extra cash can be appealing to…