Complex buy-to-let lenders were rated 96% for their flexibility by brokers. Mainstream buy-to-let lenders were rated 87% for flexibility. Overall, lenders across all categories scored a rating of 79% for flexibility. When asked what they liked about the lender they had placed a complex buy-to-let application with, one broker commented: “Flexibility and the underwriters look […]
Impact Specialist Finance and Together teamed up in late June to deliver a customer’s auction funding within seven days to beat the June stamp duty deadline. The client, who’d bought at auction, was looking to complete before the rise in July stamp duty rates. Perfect packaging, focussed solicitors and swift Together underwriting ensured seven days […]
BCMGlobal, part of Link Group, has facilitated a deal for a senior debt funding facility of up to £100m for Fundamentum, an Investment Advisor specialising in the UK Supported Housing market, from AgFe, the fixed income innovators. Fundamentum specialises in creating and managing Supported Housing assets across the UK, in partnership with housing providers and […]
#3rdgen lender, Octane Capital, today announced that it lent £117m during the second quarter of the year, the first time it has completed on over £100m of deals in an individual quarter. In total, Octane received 325 applications between April and June, and completed on 166 loans during the second quarter. As well as being […]
Hodge has today made some changes to its Portfolio Buy to Let (PBTL) loans, including increasing its maximum LTV to 75%, as well as increasing the LTV for multi-unit freehold blocks (MUFB) for up to 15 units to 70%. The specialist lender has also introduced a variable rate product which will have a rate of […]
It has been a challenging year for people the world over. Many businesses didn’t make it through, and many of the ones that did have faced incredible stress and financial hardship. This means there has been a surge in applications for grants, finance, and external support to help with cashflow. Yet despite the intrepid efforts […]
Brickflow – the UK’s first comparison site for development finance – has appointed Tim Noble lending director and Chris Meyer, key account director. The appointments enable Brickflow to increase the number of lenders plugged into its platform and extend its support to professionals working within the property development sector. Tim has 40 years’ banking experience, […]
Harrow council’s ambitious plans for over 1,500 homes to be built on three underused sites moved a step closer with the news of a joint development venture with Wates Residential. At least 40% of the new homes are to be shared ownership or affordable housing and will be built on council-owned land in Wealdstone. Harrow […]
Bridging and marketplace lender, Fiduciam, has completed a complex bridge loan in Northern Ireland in just six weeks. The loan was for a five-storey office building in central Belfast known as The Kelvin, the former headquarters of KPMG in Northern Ireland. The borrower had refurbished the Kelvin at the end of 2020 but needed Fiduciam’s […]
New research from Masthaven Bank has found that broker confidence has increased since the start of 2021. The survey of 186 brokers found that almost all (92%) were confident about their prospects for the next twelve months. This was an increase in positivity among brokers since the end of 2020, when 87% of respondents described […]
