Posts in Finch Capital
Trussle CEO urges government to ensure shared ownership changes are 'financially beneficial' for borrowers

The government’s changes to shared ownership must be “financially beneficial” for mortgage borrowers, urges Ishaan Malhi, CEO and founder at Trussle (pictured above). The new measures aim to help more people get on the property ladder and allow them to increase their share at lower increments. As a result, people will be able to buy their home in 1% chunks, rather than 10% at a time. Ishaan explained that those on lower incomes often struggled to get any kind of a foothold on the housing ladder...

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Finch CapitalCathy GuoComment
Goodlord updates product and guidance ahead of Welsh Tenant Fee Ban

Property technology company Goodlord has updated its core product and issued guidance for Welsh clients ahead of the Tenant Fee Ban coming into force in Wales on 1st September. From September 1st, Goodlord’s platform will ensure every tenancy in Wales is compliant with the new regulations. Whilst the new legislation is similar to that brought into force in England in June, there are some key differences for letting agents operating in Wales. With Welsh letting agents facing a loss of, on average, £181.15 in fees per tenancy, the legislation is likely to result in a major shakeup for lettings agents and landlords, as well as a new rental reality for tenants...

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Finch CapitalCathy GuoComment
Trussle reiterates desire for mortgage switch guarantee

Trussle has stepped up its campaign to see a mortgage switch guarantee via a parliamentary reception. Sponsored by shadow city minister Jonathan Reynolds MP, Atom Bank director of intermediary lending Maria Harris, Citizens Advice policy lead Morgan Wild, Trussle founder and chief executive Ishaan Malhi as well as the aforementioned minister gave speeches outlining why they believe that introducing a new set of standards to help customers avoid moving onto a standard variable rate is in the best interest for the customer…

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Brickblock launches ScalingFunds

Brickblock Digital Services has launched Scaling Funds, a funds- as-a-service white label product that leverages blockchain technology to help fund managers automate investor onboarding, efficiently communicate with investors, and enable the trade or transfer of fund shares between eligible investors...

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Goodlord launches new fee ban compliant features

Property technology company Goodlord has updated its core product to ensure its clients remain compliant in the face of the new regulation coming into force on 1st June. They have also announced new services to help agents cut costs and increase revenues as the industry evolves. From 1st June, Goodlord’s platform will ensure each tenancy transaction is compliant with the new regulations. This includes the removal of applicable fees when selecting an AST or Licence tenancy and auto-generation of holding and security deposits which will be capped at the appropriate amount. Also from June 1st, tenants will be shown a draft copy of their AST agreement automatically via the platform, with Goodlord Tenancy Guides updated to confirm tenants have reviewed the document... 

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