Nixon Blue has secured a £4.5m funding package from Paragon Development Finance, introduced by Melrose Commercial Finance Ltd, to support the development of 34 new apartments overlooking Paisley’s iconic Abbey. The Millhouse development will bring 34 contemporary two and three-bedroom apartments to the town as well as two new restaurants. Many of the apartments will enjoy spectacular […]
Mortgage Broker Tools (MBT) has added The Mortgage Lender (TML) to its MBT Affordability research platform. MBT Affordability, which already features the largest panel of residential lenders of any affordability platform, will now also include accurate calculations direct from TML. TML offers a range of mortgages built for real life lending, and is able to […]
Nick Penny, investment director and head of Savills Scotland, comments: “These half year figures are hugely encouraging and demonstrate how the pent up demand from last year is beginning to generate activity in the market, which will boost confidence as we enter into the second half of the year. Whilst we haven’t had a huge […]
While the market for buying and selling properties has been frantic nationally over the last few months, the rental market across London has been somewhat different; rents have been dropping since the pandemic began and remained down YOY in Q2 2021, according to new figures released today by flatsharing site by SpareRoom. West Central and […]
The Association of Short Term Lenders (ASTL) is delighted to announce the date for its 2021 Annual Conference. Our Annual Conference will take place on Thursday 18th November and, following the outstanding success of last year’s event, will be held as a virtual conference, enabling delegates to attend from wherever they have an internet connection. […]
Aldermore bank has provided a £9.6m property development loan to Torsion (Park Lane) Devco Limited, owned by Torsion Developments and Barnett Property Group, for the construction of 91 new studio apartments. The site which will be named Trapezium, is located at the junction of Park Lane and Belle Vue Road with the University of Leeds […]
Hampshire Trust Bank (HTB) has launched its new broker portal allowing brokers to submit, upload and track applications online. The new portal, PUMA for Intermediaries, has been launched following a successful pilot and will be used for all new applications. Lisa Crane, operations director at HTB, said: “Following a hugely successful trial with a number […]
Alternative Bridging Corporation has cut the rate on its bridging loans up to 70% LTV to just 0.60%. This rate cut is the latest proposition enhancement from Alternative Bridging, which recently launched a new range for light and heavy refurbishments on residential and commercial property, and has continued to invest in supporting brokers with a […]
Hope Capital has today unveiled it has enhanced its Discounted Rate Loan product with rates now starting from just 0.39% per month, the lowest ever bridging loan rate launched by the lender. The firm is now offering the option of a discounted rate whereby the initial 3, 4 or 6 months is at a reduced […]
Pepper Money has increased the maximum LTV on its Pepper 60 buy-to-let offerings. The specialist lender has optimised its offering, expanding its 85% Residential LTV, which is now available to customers who have had adverse credit registered over 24 months ago with the release of their Pepper 24 offering. Furthermore, the maximum buy-to-let LTV on […]
