Author: Jordan

Rates across InterBay’s BTL and product transfer ranges have been cut by up to 0.20%. InterBay, part of OSB Group, has updated its buy-to-let (BTL) range with several changes aimed at giving brokers more flexibility for specialist BTL cases. The lender has introduced a 65% loan-to-value (LTV) option, which means brokers have another choice to better match products to clients’ borrowing needs. InterBay has also brought out a dedicated pricing band for loans between £10m and £25m.  Rates across InterBay’s BTL and product transfer ranges have been cut by up to 0.20%, giving both new and existing clients access to…

Knight Frank has appointed Mike Knowles to the newly created board-level position of Head of Lettings Business Development, consolidating several operational divisions under unified leadership. The role merges the firm’s Lettings Completion Solutions, Relocation and Corporate Services, and Short Lets functions into a single structure. Knowles will join the lettings board when he starts on 13th July. Industry experience Knowles joins from CBRE, where he spent 12 years, most recently serving as Head of Residential Agency. His appointment comes as the rental sector continues to attract significant investment, with institutional interest in residential lettings remaining robust. Gary Hall, Head of…

Market snapshot: Thomas Cook (India) Limited has strategically entered the high-competition ‘zero-markup’ forex space with a new card offering. This move targets the rapidly expanding outbound tourism market by eliminating traditional currency conversion fees and providing protection against exchange rate volatility. Data Snapshot Forex Markup: 0% across major global currencies Target Segment: International outbound travelers Currency Protection: Rate-lock feature included What’s Changed Transition from traditional markup-led revenue models (typically 1–3%) to volume-driven acquisition. Direct competition with fintech neo-banks currently dominating the zero-markup niche. Increased focus on cross-selling holiday packages through financial product entry points. Key Takeaways Aggressive push into the…

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 12,508.14 Indian Rupees (INR) per gram, down compared with the INR 12,563.42 it cost on Tuesday.The price for Gold decreased to INR 145,893.20 per tola from INR 146,537.20 per tola a day earlier.Unit measureGold Price in INR1 Gram12,508.1410 Grams125,082.10Tola145,893.20Troy Ounce389,046.80FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…

Nigeria Exchange Group (NGX) The Nigerian equities market close upbeat yesterday as the overall market capitalisation rose by N719 billion. The all-share index (ASI) gained 1,121.33 points, representing a growth of 0.46 per cent to close at 242,870.44 points. Accordingly, market capitalisation rose by N719 billion to close at N 155.849 trillion. The upturn was triggered by gains recorded in medium and large capitalised stocks, amongst which are Transcorp Hotels, MTN Nigeria Communications (MTNN), First HoldCo, Stanbic IBTC Holdings and Zenith Bank. On market performance, analysts noted that the market’s return to positive territory, alongside the sharp improvement in breadth…

Dive Brief: Financial technology firm Bottomline has added stablecoin capabilities to its CFO suite, giving corporate finance teams a way to incorporate digital dollar transactions into existing payment and treasury workflows, the company said Monday. The new capabilities are designed to allow finance teams to send, receive and manage stablecoins while establishing approvals, controls and audit processes, according to a press release. “Stablecoins are becoming more relevant to corporate finance, but adoption depends on whether finance teams can manage them with the same visibility, controls, and governance they expect from existing payment methods,” Colin Swain, global head of product for…

Investing.com– Oil prices rose for a third straight session in Asian trade on Wednesday as U.S. President Donald Trump threatened further military action against Iran and Washington resumed its blockade on Iranian shipping through the Strait of Hormuz. As of 21:01 ET (01:01 GMT), Futures expiring in September rose 1.7% to $86.15 per barrel, while advanced 1.3% to $80.34 per barrel. Both benchmarks hovered at their highest levels in about a month, having surged nearly 10% at the start of the week. Get premium commodity market insights with InvestingPro subscription Trump said in a Fox News interview aired late Tuesday…

TIANJIN — Chinese researchers have developed a millisecond-scale thermal pulse technology enabling the ultra-fast synthesis and precise control of platinum-group catalysts, which is expected to give a boost to China”s carbon reduction goals and energy security strategy. The research team at Tianjin University proposed a transient assembly strategy for preparing platinum-group metal core-shell catalysts, offering a new route for improving hydrogen fuel cell performance and advancing green energy technologies. The findings were published in the journal Science on July 10. Hu Wenbin, a professor at Tianjin University and corresponding author of the paper, said the new technology provides a new…

Ishbia’s struggling UWM loses ground to CrossCountry Mortgage in Two Harbors bidding war Crain’s Cleveland Source link

InterBay, part of OSB Group, has strengthened its buy-to-let proposition with a series of enhancements designed to give brokers more flexibility when supporting a wider range of specialist buy-to-let transactions. The refreshed range introduces a new 65% LTV option, providing brokers with greater choice when matching products to their clients’ borrowing requirements. InterBay has also launched a dedicated £10m to £25m pricing band, enabling larger transactions to benefit from more competitive pricing tailored to higher loan amounts. In addition, rates across InterBay’s buy-to-let and product transfer ranges have been reduced by up to 0.20%. Source link