Landbay, a leading buy-to-let lending platform, has closed an additional funding deal with a leading asset manager. The asset manager aims to fund in excess of £300 million per year of Landbay originated mortgages. This new deal is in addition to the bank funding deal that Landbay announced in July and the £1bn funding deal […]
Landbay, one of the UK’s leading buy-to-let lenders, has joined the network panel of Commercial Finance Brokers UK (CFBUK). CFBUK is a whole of market commercial finance broker providing its services to professional introducers through its relationship with several large residential mortgage broker networks. Through its unique FCA approved, ‘Dual Appointed Representative Proposition’, CFBUK has […]
First 4 Bridging (F4B) has launched a free 24-hour case checker initiative. This is aimed at providing an option for brokers who may not be specialists in short-term finance to double-check lending terms received to help ensure they have sourced the most suitable product and lender to match their client’s requirements. Brokers simply need to […]
Specialist business property adviser, Christie & Co, has completed on the sale of two Dumlers Pharmacy branded pharmacies, one based in South West London and the other just outside in the suburb of East Sheen. The first Dumlers Pharmacy is a high-street pharmacy located in a prime residential area in Wandsworth, London. The popular business, […]
Renters are quitting London, latest figures reveal, and heading for the regions, Wales and Scotland in search of more space and bigger homes and gardens in suburban and rural areas, spurred by the misery of anti-Covid-19 measures. Property search engine Home.co.uk has released an in-depth analysis of the rapidly morphing UK rental market, detailing supply […]
The National Landlord Index published by Accommodation.co.uk, shows the true extent of the Covid pandemic on landlords across the UK with over a third of landlords having seen a reduction in rental yield and nearly 50% having to deal with a rise in rent payment issues. Accommodation.co.uk offers landlords an award-winning unique hybrid model, using […]
Linell Homes Limited (LHL) is resuming the construction of 10 residential dwellings close to Wakefield City Centre thanks to a c.£2.1m facility from Assetz Capital Lending Limited under the Coronavirus Business Interruption Loan Scheme (CBILS). The building phase was paused due to the nationwide lockdown, but the funding from Assetz Capital Lending Limited addressed LHL’s […]
Crystal Specialist Finance (CSF) and MT Finance have completed a three week, £1.4m bridging finance deal for a foreign national to pay off a highly geared development finance arrangement. Having been served notice to complete, the client’s broker contacted the specialist distributor and explained that the money would be taken out against a vacant newbuild […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, recently closed a development loan to Manex Properties Ltd to finance the conversion of Drury House, a former office building in Covent Garden. The bi-lateral facility is a joint endeavour of Leumi UK and its parent group in Israel. It refinancesanother lender and provides development […]
LendInvest, the UK’s leading platform for property finance, will now offer desktop valuations for its short-term loan products where physical valuations are not possible. Desktop valuations will now be available for borrowers seeking residential bridging and auction products on loan sizes up to £250,000 with a maximum LTV of 65%. These valuations will be available […]
