LendInvest, the UK’s leading platform for property finance, has made sweeping changes to its bridging suite, including extensive rate reductions and the introduction of higher LTVs for land and commercial products. LendInvest has reduced rates across its entire residential bridging range with its 75% LTV product now available at 0.75%, and it’s 70% LTV product […]
The real estate team at London law firm Royds Withy King has partnered with State Bank of India (UK) Limited (SBI UK), a wholly-owned subsidiary of the largest Indian bank in the UK, State Bank of India (SBI), to secure an £8.2m loan on a refinance of a recently completed build-to-rent development. The real estate […]
Sesame Bankhall Group (SBG) has added Crystal Specialist Finance (CSF) as a distribution partner across it three advisory brands – Sesame Network, PMS Mortgage Club and Bankhall. With immediate effect, the specialist distributor will assist over 10,000 appointed representatives of Sesame Network and directly authorised individuals who are supported by PMS Mortgage Club and Bankhall. […]
Aspen Bridging has set a new monthly completions record having lent £23m in April 2021, and it plans to immediately exceed the figure in May. Comprising cases across 11 counties, submitted by 13 broker firms, deals ranged from a £4.5m development exit loan secured against a detached development in Kent to a £219k commercial purchase […]
LendInvest, the UK’s leading platform for property finance, has partnered with Homes England to finance the development of 400 affordably priced apartments in Ashford, Kent. The scheme is to be developed by Kings Crescent Homes and has an expected GDV across two phases of over £90m. With planning already in place and a cleared site, […]
Asking prices (and rents) outside of London continue to inflate at an alarming rate, as vast artificial demand dwarfs paltry supply, according to Home.co.uk’s Asking Price Index for May. Thanks to the stimulus measures of the extended Stamp Duty holiday (till the end of June), furlough scheme and government-backed 95% mortgages, together with the urban […]
Mortgage Broker Tools (MBT) and SimplyBiz Mortgages have announced a partnership which will provide the mortgage club’s members with easy access to the award-winning MBT Affordability platform, which now includes MBT Criteria Search. SimplyBiz Mortgages members now have access to one easy to use eligibility calculator based on affordability and criteria for more than 40 […]
The latest research by London lettings and estate agent, Benham and Reeves, has found that the UK’s 10 biggest developers could each face a potential average tax bill of £25m per year, if the government succeeds in its attempts to introduce a new residential property developer tax. In the wake of the Grenfell Tower tragedy […]
Alternative Bridging Corporation has completed a £3.4m development loan to bring Andrew Gibson House, an iconic Liverpool landmark, back to life. Andrew Gibson House is a former care home for widows of seafarers on the Wirral peninsula in Liverpool. The Edwardian property, which was originally built in 1906, has been left derelict for more than […]
Continuing to build up the specialist lenders on its panel, MCI Mortgage Club has brought on board United Trust Bank. UTB lends on first and second charge mortgages up to £500,000 and will consider non-prime customers and non-standard construction property types. As a specialist lender, UTB has flexible criteria for both employed and self-employed clients […]
