Allica Bank has added the UK’s most comprehensive valuation panel management service, VAS Panel onto its valuation database for commercial property finance loans. In-line with the agreement, the service will be used on loan security valuations to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value. To also […]
Student accommodation provider Urbanite has secured a £6.3m finance facility from Paragon Development Finance to support its 127-bed scheme in Sheffield. The development is based on Henry Street in the heart of the city and is well placed to serve both the University of Sheffield and Sheffield Hallam University. The company has already broken ground […]
Hope Capital, with the help of other parties, recently worked collaboratively to secure a £2.25m bridging loan for a client who owned a residential terraced property in Camden, London and needed access to fast finance for business investment purposes. The specialist short-term lender teamed up with UK Property Finance, Freeths and the client’s solicitor to […]
Aldermore bank has provided a multi-million pound block bridging facility to SDKA Ltd, which will provide the funding they need to continue to accelerate their growth plans. Established in 2016, SDKA is a principle, specialist lender offering short-term bridge finance secured against residential, mixed-use and commercial properties in England and Wales. SDKA is based in […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender has become a patron of the National Association of Commercial Finance Brokers (NACFB). This announcement comes in the wake of a raft of activity following the lenders return to specialist buy-to-let lending. The NACFB is the professional association of choice for commercial finance brokers and lenders servicing the […]
Specialist mortgage lender, Pepper Money, has closed its largest securitisation to date. The £425m securitisation, which is the third and largest deal issued by Pepper Money under the Polaris banner, was comprised entirely of first charge mortgages and is separate to the three Castell securitisations, which have been completed on Optimum Credit second charge mortgages. […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has cut rates across its 75% LTV product range by up to 15bps. Five-year fixed rates now start from 3.10% at 75% LTV on individual and limited company with HMO & MUFB two-year starting from 3.39% and five-year from 3.48%. The changes in full are as follows: Individual […]
Assetz Capital has been accredited as a lender under the government-backed Recovery Loan Scheme (RLS). The RLS is administered by the British Business Bank on behalf of the government and is designed to support access to finance for businesses across the UK as they recover and grow following the coronavirus pandemic.The Scheme enables lenders to […]
Property prices in the UK have soared to reach record breaking highs with the average house price standing at £261,743 and the annual house price growth rate hitting a seven year high of 9.5%, according to the latest Halifax House Price Index figures. As the property market continues to boom, economists and property experts consider […]
Foxatech Limited, a real estate consultancy, has received a capital injection from Cynergy Bank. Cynergy Bank has provided Foxatech Limited with a total of £2.7m in financing. This CBILS loan has enabled the owner to redeem external development finance and retain assets post the development of five luxury highly desirable flats, the Chantry Point project, […]
