Author: Jordan

Family Building Society has launched a range of reduced-price fixed-rate products and reintroduced its lower loan-to-value (LTV) price tier products across the owner-occupier range. The lender has also reduced its 2- and 5-year fixed-rate buy-to-let (BTL) range by 25bps and 15bps respectively. In addition, Family Building Society has reduced fixed rates for existing customers seeking product switches and further advances. Owner-occupier 2-year capital and interest products, as well as core 2- and 5-year interest-only products, have been reduced. Buy-to-let products have also been cut by up to 25bps. Darren Deacon, head of intermediary sales at Family Building Society, said: “Although…

ALTERNATIVE investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.Allocations to catastrophe bonds and other insurance-linked securities (ILS) popular among hedge funds and institutional investors rose 18% to reach a record US$136bil last year, according to data provided by broker Aon Plc. Source link

KARACHI: The Pakistan Stock Exchange (PSX) staged yet another spectacular rally on Friday, as aggressive value hunting pushed the benchmark KSE-100 index above 174,000 during intraday trading, marking the fourth straight session of a recovery rally amid signs of peace in the Middle East. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, PSX, continued its strong post-ceasefire rally, with the KSE-100 index closing at 173,939, up 4,027 points or 2.37 per cent, reflecting sustained bullish momentum. Market sentiment remained firmly positive throughout the session, as investors chased gains amid optimism about a potential resolution to the Middle East…

Arch launches Lloyd’s IP consortium as demand for intangible asset cover grows Insurance Business Source link

Notably this week, hires were made at VanEck, THL Partners, and EIV Capital on the private equity side. Private credit firms are expanding overseas, as Benefit Street Partners hired for a Tokyo expansion and Marathon Asset Management hired for lending in Europe. Real estate managers were also active, with new roles created as LaSalle Investment Management hired for investments in affordable housing. Source link

Coventry for intermediaries has reduced selected rates across its limited company buy-to-let range, with cuts of up to 20 basis points on both two- and five-year fixed products. The reductions give brokers more competitive options for landlord clients operating through a company structure. Among the revised products, a five-year fixed rate at 5.61% is available to 30 September 2031 at 75% LTV with no fee, for limited company buy-to-let purchases. A two-year fixed rate at 6.06%, fixed to 30 September 2028, is available on the same LTV and fee-free basis. “Limited company buy-to-let continues to be a key…

It could help some people, but there is a note of caution (Image: Liquid Sky Studio via Getty Images)A major mortgage lender has revealed it will now advance up to six times income, not only to first-time buyers, but also to those moving home and individuals remortgaging. However, with inflation climbing and the public finances under pressure, potentially leading to further tax rises, a mortgage adviser has cautioned that now may not be the moment for families to place additional strain on themselves.Leeds Building Society has broadened its Income Plus range to home movers and remortgagers, not just first-time buyers…

With Warner Bros. Discovery in the process of being acquired, I sold my shares in the company and instead have put money into these two top artificial intelligence (AI) names: Broadcom (AVGO +2.02%) and Advanced Micro Devices (AMD 0.03%). Nvidia has ridden the first wave of the AI boom to great heights, but the next wave promises a new set of big winners. Broadcom and AMD look very well positioned for the next AI supercycle just getting started. Broadcom: The networking and custom chip opportunity Broadcom is set to ride two powerful trends emerging in AI infrastructure. The first is…

Bleeping Computer reports that a newly analyzed underground guide details how cybercriminals navigate the volatile market for stolen credit card data, revealing a shift toward more disciplined and risk-averse operational strategies. This document, titled “The Underground Guide to Legit CC Shops: Cutting Through the Bullshit,” was discovered by Flare analysts and offers a structured look at how threat actors attempt to reduce risk in an ecosystem rife with scams, law enforcement infiltration, and short-lived operations.The guide reframes credit card fraud from opportunistic activity to a process-driven discipline, emphasizing supplier vetting over the direct use of stolen cards. It highlights that…

Alternative investments giant Apollo Global Management has seen its stock swoon this year as a result of fears in the private credit market. At CNBC’s Invest in America Forum in Washington, D.C., on Wednesday, its billionaire CEO Marc Rowan offered the latest defense of its book of business, and latest attempt to distance the firm from the riskiest edge of the private credit market.Apollo has faced scrutiny for its decision to limit quarterly redemptions in a private credit fund to 5% — other firms in the space have relaxed their redemption limits, though 5% is a generally accepted standard in…