One year on from the beginning of the pandemic, London’s reversal of fortunes in the rental market continues, with room rents now down significantly for the fourth consecutive quarter. In fact, average London room rents dropped by 8%, from £771 in Q1 2020 to £706 in Q1 2021. According to new figures released by SpareRoom, […]
United Trust Bank (UTB) has financed the acquisition of two light industrial premises as part of a site assembly plan by Apex Capital Partners which could lead to the creation of 156 new apartments in a sought after area of South London. Apex Capital Partners (Apex) is a private equity real estate manager founded in […]
Fiduciam, the short-term and marketplace lender, has completed a €10m loan to enable a developer to refinance its banking debt and fund the balance of construction costs. The original funding for the three-block residential development came through a Spanish bank. Around the start of the Covid-19 pandemic in March 2020, the bank suddenly increased its […]
A successful property investor, trading as Brookland Group, has secured a seven-figure funding package from Cambridge & Counties Bank to help finance the acquisition of The Portergate office complex in Sheffield. Directors Simon Dawson, an experienced property investor, and Mike Taplin, a specialist solicitor with the firm Gunnercooke in the East Midlands area, have worked […]
Since its launch in early 2017, a significant 82% of foreign nationals investing in UK property through specialist lender, Octane Capital, have been based in Asia or the Middle East, with just 18% located in the EU. In 2020 and 2021, potentially reflecting the impact of Brexit and our formal departure from the European Union, […]
BuildLoan has extended its distribution by joining the lending panel of SimplyBiz Mortgages, one of the largest mortgage clubs in the UK. Specialising in residential mortgages for self-build, custom build, renovations, conversions and home improvements, BuildLoan works exclusively with brokers to ensure they have a full understanding of their clients’ project funding requirements. BuildLoan provides […]
Together has provided finance for Fluent Money Group’s first short-term loan following its launch into the bridging market. The established specialist broker created Fluent Bridging under managing director John Hardman last month, to provide more options for borrowers seeking fast and flexible short-term finance from its panel of experienced lenders. And Together, one of the […]
Smaller builders could benefit from a £150m ‘help to build’ fund to make it easier for people to commission a bespoke home. The government initiative is aimed at creating a level playing field between first-time buyers of newly built homes, who benefit from ‘help to buy’, and those who want to build their own home. […]
Aspen made light work of a trio of complex legal issues to complete a £1.3m bridge against a heavy refurbishment project in Knightsbridge. The 75% LTV deal on the two-bedroom apartment with roof terrace was completed at on a Stepped Rate of 0.49% on a 10-month term with 100% funding of works in arrears for […]
Portfolio management platform, Lendlord, has launched an integration with the accounting software, Xero. The new integration will allow Lendlord users to link their Xero account with their Lendlord account, enabling the automatic transfer of information about transactions so that landlords can accurately track the cashflow of their property investment. This feature is a complementary solution […]
