Broker forum cherryplc.co.uk has revealed which lenders are felt by brokers to have performed best throughout the Covid-19 pandemic, as well as highlighting problem areas relating to the companies which appear to have faired less well. Studies conducted by the online forum found that lenders which have emerged positively, so far, are Halifax, Coventry for […]
Castle Trust Bank is extending the 0.25% rate reduction on its term products until the end of the year. Responding to huge demand from brokers, the bank will continue to apply the offer to all DIPs on term products issued by the close of business on 31st December. This includes the lender’s popular Bridge to […]
United Trust Bank (UTB) is teaming up with specialist AI solutions provider Optalitix to sponsor and host a series of webinars called The Innovation Pipeline (TIP!)-Talks looking at future innovation and technology advancements in the financial services arena. The first TIP Talks webinar is being held on the 10 December at 3pm and asks the […]
The institutionally funded lender, which previously distributed through a limited network of key relationships for over ten years, will now open its proposition to the whole market, including networks and clubs. West One offers a ‘one stop shop’ for specialist property lending products, supporting intermediaries and their clients through the property investment lifecycle with both […]
Specialist business property adviser, Christie & Co, has announced the sale of Underack Ltd which comprises Westbury Chemist and Baba Chemist in South West London. Combined, the chemists dispense an average of 23,021 items per month, and both are run under management. Westbury Chemist is located on a busy high street in Streatham, and Baba […]
Pluto Finance has completed a £34m Purpose Built Student Accommodation (PBSA) development loan for the Bricks Group, to complete their development in Swansea, South Wales under their ‘true’ brand. The new student accommodation scheme is well located on Morfa Road, with excellent access to the bustling city centre, the university campuses and providing views over […]
United Trust Bank has been named ‘Development Lender of the Year’ at the National Association of Commercial Finance Brokers (NACFB) Awards 2020. This year’s ‘virtual’ awards ceremony was held on the 26th November and 31 sought after awards were given to the Association’s Lender and Broker members recognizing industry excellence throughout 2020. All categories are awarded […]
Logicor has let Sherburn 667, its 666,898 sq ft Leeds distribution unit to Clipper Logistics, in the largest letting of an existing UK warehouse in 2020. The letting also represents Logicor’s largest UK letting to date. Sherburn 667 is a fully fitted modern distribution facility located in Sherburn, near Leeds and close to the A1(M)/M62 […]
Crystal Specialist Finance (CSF) and lender Together have completed a developer’s purchase and re-development of a £700,000 commercial site in Birmingham in just four weeks. The specialist distributer’s client, an experienced property developer with a large commercial property portfolio, wanted to buy two warehouses and an office on the same site, refurbish the two existing […]
Hope Capital has announced it will be treating brokers and borrowers early this Christmas, by extending the availability of the revamped Seventies Collection products, until 2021. The two bridging loan products, the Hope 725 and Hope 75, were revised in October for a limited time only, however owing to the high demand, Hope Capital has […]
