United Trust Bank (UTB) has agreed to fund the first phase of an exciting new development in Chestfield, Kent by successful regional house builders, Kitewood. The specialist bank is providing a £22m loan facility on a peak debt funding arrangement for the first phase of the scheme comprising 98 new, two to five bedroom homes […]
Ground-breaking buy-to-let mortgage app Rightrate is planning to expand its support for brokers and landlords after passing the 500-plus downloads milestone since launch this year. It already covers more than 30,000 mortgage products and is the only service addressing a major gap in the mortgage advice process by enabling brokers and landlords to instantly find […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has completed a full integration with lender Selina Finance. The integration will see OMS users benefit from a two-way Decision in Principle (DIP) facility which offers advisers direct access to Selina Finance’s innovative secured ‘flexi-loan’ without the need to rekey any data. […]
LendInvest, the UK’s leading asset manager for property finance, has announced a range of key changes to its buy-to-let suite, including significant rate reductions across standard properties and HMOs. LendInvest has repriced its standard buy-to-let products, with its two year 65% LTV product now available at 2.85%, and its five year 65% LTV product at […]
A new steel frame modular housebuilder opened its first factory last week intending to build 5000 new homes a year within the next five years. CoreHaus’s 20,000 sq ft factor in Seaham, County Durham, is initially employing about 20 people but expects to grow to 100 once the firm reaches its optimum production volume. Managing […]
Developer Southern Grove Group today unveils a £55m mixed-use student accommodation scheme for London’s Hackney Wick that will help turn the area into one of the most vibrant off-campus communities in London. The Broadwood Piano Works will create over 200 bedrooms on Fish Island with co-working facilities, a gym and space for pop-ups and creative […]
Newcastle Intermediaries has reduced rates on its buy-to-let range by up to 0.15%, including two with zero product fees. The lender’s five year fixed rate at 2.45% (3.4% APRC) is a discount of 0.15% on the previous rate. It is available at a max LTV of 75% and an early repayment charge of 5% applies […]
More than half of respondents agree conditions are consistent with an upturn, according to the Royal Institution of Chartered Surveyors, RICS’ latest commercial property market survey. In the second quarter, 56% of survey participants predicted a recovery compared with 38% of respondents from January to March. Chief economist Simon Rubinsohn said: “Demand trends appear much […]
LendInvest, the UK’s asset management platform for property finance, has received the highest possible rating from a European ratings agency for the seventh consecutive year. ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets Authority (ESMA). Its rating is based on a number of key factors including corporate […]
Aldermore bank has provided Banwait Group Holdings Ltd with a £3.4m commercial mortgage facility, to support their plans for growth as they work to build their commercial property portfolio. The managing director of the privately owned family investment office, Harpreet Banwait from Wakefield, West Yorkshire, has used the facility to purchase six commercial investment properties […]
