Assetz Capital has launched a new bridging product with a 0.65% interest rate as it looks to drive lending levels even further through 2021. The marketplace lender – which surpassed the £1bn of lending milestone at the beginning of last year – will offer bridging loans from £150,000 to £5m with LTVs to 75% and […]
Buy-to-let lender Landbay is adapting its market leading product range to add flexibility for intermediaries and their clients. The award-winning lender is lowering the minimum property value on its core products to £65,000 from £75,000. This will appeal particularly to landlords investing in parts of north England and Wales. For properties above commercial units, Landbay […]
Pitch 4 Finance has launched to help intermediaries source the best solutions for their clients in bridging, property development, commercial term loans and complex buy-to-let. The platform instantly matches cases with a panel of nearly 200 lenders on the basis of criteria and enables lenders to pitch for cases by offering terms through the system. […]
Enra Specialist Finance has revealed its quarterly results for Q1 2021 reporting record results across all areas of the business from broking to lending. Under the West One lending brand, completions levels rose to £309m in Q1, up 37% on the same quarter last year at £225m. On a consolidated basis, Enra posted a top […]
Landwood Group has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Landwood Group are experts in property and plant and machinery providing services in recovery and valuation, asset management, project and building consultancy and property auctions. It has a team of chartered surveyors across offices […]
Arbuthnot Specialist Finance Limited (“ASFL”), the short-term property finance arm of Arbuthnot Latham, has completed a £1.25m refinancing facility for a property development and investment firm. Specialist commercial finance brokerage, 2XL Commercial Finance, approached ASFL on behalf of their existing client who needed refinancing for 16 flats. The client purchased the property when it was […]
New research from criteria search specialist Knowledge Bank shows that homeowners are utilising second charge mortgages to raise money to invest in buy-to-let properties, home improvements and also consolidating debt. These three contrasting usages highlight the state of the economic situation in the country. Knowledge Bank holds the largest database of up-to-date mortgage lending criteria […]
Together and First 4 Bridging joined forces to deliver a £400,000 commercial bridging loan in just nine working hours to help an investor expand his portfolio. A portfolio landlord, who owns 10 investment properties, wanted to move quickly to buy an office building in London, which had just gone on the market. He approached First […]
Searches for 95% LTV mortgages have increased by nearly eight times since the start of the year, according to Mortgage Broker Tools (MBT). Data from the MBT Affordability platform shows that searches for 95% LTV mortgages were more than 7.6 times higher in March this year than they were in January. As a proportion of […]
Impact Specialist Finance are delighted to announce that they have been provided access to exclusive 85% LTV mortgages from Pepper Money, on its Pepper 24 and Pepper 24 Light product ranges. Pepper 24 is available to customers who may have experienced defaults, missed payments, arrears or CCJs in the last 24 months. The 85% LTV […]
