Real estate investment firm London Central Portfolio warns that a mooted rise in CGT could result in a negative trickle-down effect on the wider economy. A report issued by the Office of Tax Simplification (OTS), requested by chancellor Rishi Sunak, has considered an increase in Capital Gains Tax (CGT) to align with current rates of […]
Investment manager Downing LLP and institutional asset manager Pollen Street Capital are pleased to announce a new partnership to improve access to finance for SME developers, and encourage greater innovation and competition in the housing market. Downing LLP provides funding for small to medium-sized enterprises (SMEs) and currently has £470m of AUM in property backed […]
Aldermore bank has provided a £29m, 10 year, interest only Commercial Residential Investment refinance facility to Kexgill Cranbrook Limited and Kexgill Cottingham 2 Limited, both subsidiaries of Kexgill Limited. The European Kexgill Group own the innovative University Quarter, a branded area adjacent to The University of Hull campus. The deal represents the largest commercial mortgage […]
Data from the latest MBT Affordability Index has shown that the Affordability Gap dropped to a record low of 15% in November. The Affordability Gap, where no lender is able to meet the loan amount requested by a broker, hit its lowest ever level of 15% in November, having peaked at 21% in February. It […]
Aspen has completed a £1m bridge in four working days for an experienced Hong Kong based buy-to-let investor who risked losing a £100k deposit after facing delays from a major bank. The lender was approached on 3 December with a hard deadline of 8 December as the notice to complete had already been served on […]
With wellness mattering more than ever this year to both tech talent and business occupiers, Savills has selected 12 cities around the world as its top ‘Tech Lifestyle Cities’. Forming part of the international real estate advisor’s Tech Cities programme 2021 the locations, which are important centres for tech in their region and Venture Capital […]
Pepper Money has made a number of rate reductions across its buy-to-let range as part of its continued commitment to developing and improving its proposition. The specialist lender has cut buy-to-let rates by up to 0.1% on its Pepper 48 Light range, with 2-year fixed rates up to 65% LTV now available from 3.15%. Up […]
A new bridging and development finance lender launched during the Covid-19 pandemic is set for further growth thanks to significant funding support from specialist SME lender, Shawbrook Bank. Halifax-based Momentum Finance, which specialises in providing asset-based bridging and development finance facilities, has grown its loan book rapidly since inception three months ago. Momentum, led by […]
UK Builders are being advised to liaise with their supply chain much earlier than normal as the end of the transition period for leaving the EU looms. Trade body Build UK has estimated that in the case of a ‘no deal’ Brexit duty and other costs could increase from two to eight per cent. Build […]
A client requiring a £1.75m capital release for a development in Battersea, having recently paid cash for a detached residential asset in Surrey, has been assisted by Aspen Bridging. The timing of the recent purchase caused issues at the legal stage, as the title deeds were outdated the charge could not be registered. Aspen’s senior […]
