#3rdgen lender, Octane Capital, today announced it has completed a £900k bridging loan for a client of Mortgages for Business in just four working days. The client, an experienced property developer, is currently building nine houses in Kent, of which six are complete and the other three set to be finished before August. The borrower’s […]
Allica Bank has partnered with national, commercial law firm, Freeths LLP, as it continues to drive lending speed and improve transparency for brokers and SME customers. The legal firm’s expertise and additional operational capacity will help improve lending efficiency at the bank as it aims to support UK SMEs with the funds they need to […]
Arbuthnot Latham & Co., Ltd (“Arbuthnot Latham”), the private and commercial bank, has provided Zamek Group with a £39.5m funding facility to refinance the Group’s residential portfolio. The portfolio includes a diverse collection of residential properties and rental income. It is one of the largest property refinance deals Arbuthnot Latham has completed. Founded in 1994, […]
Together has cut rates, hiked LTVs and doubled maximum loan sizes in a refresh of its unregulated bridging products. The specialist lender has repriced its short-term loans for residential investment to 0.55% at up to 50% LTV and at 0.65% at up to 60% LTV. Previously, rates for these products were 0.65% and 0.75%, respectively. […]
Developers and housebuilders warn the government is unlikely to hit its goal of 300,000 new homes built a year by the mid-2020s unless it ups its planning permission numbers. They are calling for at least 1.7m planning applications to be granted claiming the current pipeline of 1.3m homes with permission to be built by March […]
#3rdgen lender, Octane Capital, today announced that it has completed on its largest, and most complex, loan to date — a £17.35m 5-year buy-to-let facility provided to Mr Patel of London-based landlord, PTL Estates. The loan, made at 4.99% with 1% interest deferred, required highly complex underwriting as it involved the refinance of no fewer than […]
LendInvest, the UK’s leading platform for property finance, has announced a range of key changes to its buy-to-let suite, including the launch of new pay rate products; and a repricing of its standard BTL range and Small HMO’s. LendInvest has introduced two new 65% and 70% LTV pay rate products, with rates starting at 3.34%. […]
Research from Build to Rent specialists, Ascend Properties, shows that Build to Rent developments are beginning to dominate the new build sector throughout the UK, not least in London. Build to Rent has, alongside the rest of the new build sector, endured difficult times during the COVID-19 pandemic with completions dropping slightly in the face […]
“Construction companies employing EU workers must ensure that their employees have applied for settled status in the UK before 30 June 2021, say leading tax and advisory firm Blick Rothenberg. Heather Powell, a partner at the firm said: “ The EU Settlement scheme allows EU citizens to continue working in the UK until 30 June […]
Ingenious is today delighted to announce that Ingenious Real Estate Finance LLP (Ingenious Real Estate) has completed four new loans totalling £52m to fund new residential developments in Liverpool and across Greater London. In Liverpool, Ingenious has agreed a development finance facility of £32.5m over 24 months to fund the remaining construction of 1,000 student […]
