One of the UK’s leading specialist lenders has announced a rebrand following a significant injection of capital investment as the business surpasses the £132m lending mark. SoMo – previously The BridgeCrowd – provides ultra-competitive rates for residential and commercial bridging loans secured over UK property. Rebranding to SoMo, which stands for ‘Social Money Limited’, is the […]
First 4 Bridging (F4B) has appointed Erica Pearce as head of intermediary relations to further extend its intermediary reach. Erica will oversee F4B’s recently opened Manchester-based intermediary support centre and will also coordinate the sales team operating from F4B’s head office in Egham, Surrey. She joins the F4B team from Together and has worked in […]
Bridging applications hit their highest ever level in Q3 2020, and completions rose by more than 40% as the market bounced back from the impact of the first lockdown. This is according to the latest figures compiled by auditors from data provided by members of the Association of Short-Term Lenders. The data shows that applications […]
Pepper Money has made numerous enhancements to its Residential products, with rate reductions across the range, new criteria categories and improved LTVs. The specialist lender has cut rates across its Residential products and introduced new LTV categories at 65% and 70%, with the lowest 2-year fixed rate now available from as little as 2.98%. At […]
Over the last month Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has completed over £22m of loans to housebuilders under the Coronavirus Business Interruption Loan Scheme (CBILS). Fiduciam lends throughout the United Kingdom and has already granted CBILS loans to housebuilders from rural Devon to Halifax to Belfast. London and the South […]
Pepper Money has completed a purchase mortgage for first-time buyers with missed credit payments in just 16 days from the initial application. The customers, who were borrowing at 70% LTV to buy a house, had no CCJs or defaults but had late payments on two unsecured credit facilities in the last 12 months. The case […]
Work is under way on a bespoke new housing development by Hull-based Hammond Homes in the North Lincolnshire village of Barnetby le Wold after a £750,000 deal was secured with SME funding specialist One Stop Business Finance. The King’s Park development is the fourth scheme by Hammond Homes and will see the construction of nine […]
Latest analysis of mortgage activity from the MCI Club has shown a significant drop in completions, with only 22% of purchases completing in July, August, and September. This compares starkly to the first quarter of the year when 60% of applied mortgages completed. Re-mortgages, on the other hand, exhibited a stronger completion rate of 64% […]
LendInvest, the UK’s leading platform for property finance, has taken home the award for ‘BTL Lender of the Year’ at broker led 2020 NACFB awards for the second year in a row. The NACFB is the UK’s largest independent trade body for commercial finance brokers. All NACFB award categories are based on votes from NACFB Members […]
Specialist business property adviser, Christie & Co, has brought to market a closed day nursery in the village of Pen-y-fai in Bridgend, Wales. Formally operating as The Old School House Day Nursery, this vacant building comprises a large converted former school and substantial four-bedroom owners’ accommodation on the first and second floors. Along the perimeter […]
