Legal & General has today announced the addition of a new buy-to-let module in its SmartrFit platform, which combines lender criteria search functionality with an in-built affordability calculator to help advisers find suitable lenders for their buy-to-let clients efficiently and accurately. The system has launched with 17 participating lenders, covering around 92% of Legal & […]
Hampshire Trust Bank (HTB) has completed a £1m refinance and capital raise for a BTL investment property in 23 days of receiving the enquiry. The client required an £890k refinance for an existing property with £100k capital raise in order to carry out refurbishment on other properties in their portfolio. The 75% LTV deal was […]
finnCap Cavendish (“Cavendish”), part of financial advisory firm, finnCapGroup plc, is pleased to announce it has advised on the sale of Qdime Group, the UK market leading residential property management service business, to Cortland. Cortland is a US multifamily real estate, investment and management firm. It owns and operates nearly 70,000 rental units in the […]
DF Capital, the specialist commercial lending and personal savings bank, today celebrated the one year anniversary of being awarded its banking licence by the Prudential Regulation Authority (PRA). The company, which was founded in June 2016, and then listed on the London Stock Exchange’s AIM market in 2019, initially focussed on providing flexible working capital […]
MCI mortgage club has welcomed the bridging and buy-to-let divisions of West One Loans to its growing lender panel. West One’s bridging arm provides an extensive range of loans for a wide range of borrower needs. The underwriting team is highly experienced and offers a personalised approach to brokers and their clients coupled with speed […]
Zephyr Homeloans, the Computershare-owned specialist buy-to-let (BTL) lender, is extending access to its 80% LTV standard mortgage products to all intermediaries. The company said the offer also now applies to all brokers applying for two-year, fixed-rate, standard property buy-to-let mortgages and standard, five-year, fixed-rate buy-to-let mortgages for properties that meet their criteria. Paul Fryers, managing […]
One of the UK’s leading property finance specialists has announced the successful completion of an ambitious £2.25m bridging loan. The team at UK Property Finance worked with Hope Capital to arrange the bridging loan which needed to be arranged as quickly as possible to meet pressing deadlines. The facility enabled the client, a London property […]
Hampshire Trust Bank (HTB) and Coreco Commercial have completed a complex portfolio refinance and additional funding for a professional landlord to grow their portfolio. The properties held a total value of £15m. The client required £11m+ with a £1m capital raise for further property investment. HTB worked closely with Coreco’s Julian Ingall and Matt Karagul […]
Specialist short-term lender, Hope Capital, has launched a brand-new product for residential development exit, offering up to 80% LTV. This development exit finance product enables borrowers who are in a position where their completed residential development is prepared for sale, to switch to a short-term, lower-cost funding option. The purpose of the product is to […]
West One Loans has been appointed to the PRIMIS Mortgage Network panel in a move which will boost the lender’s ambition to be the ‘go-to option’ for brokers in the buy-to-let space. As one of the largest non-bank lenders in the UK, West One being appointed to PRIMIS’ panel is a key step in its […]
