Arbuthnot Latham Commercial has provided a commercial loan of £2.2m for Homesave UK Limited, helping the company to transition its business model from aparthotels to apartments, under its new HY Lettings Brand. The company, which has operated aparthotels since 2010 looked to the loan to preserve cashflow during the process, whilst also refinancing its debt […]
The Merrion Project, a £100m investment that will replace an existing office block on Merrion Street, will deliver 87 self-contained postgraduate studio apartments and 573 undergraduate cluster apartments and independent studios, with commercial, leisure and cultural uses provided at ground and upper level. The project’s plans gained unanimous approval from councillors at Leeds City Council. […]
The total value of construction contract awards in July 2020 was £6.3bn which compares to £3.1bn in June and £1.6bn in May, underlining the magnitude of the growth trend for contract awards over the last two months. The number of awards has also increased in July to 860 which is an increase of 80.3% on […]
More than half of brokers have seen an increase in buy-to-let purchase business in recent weeks, with more than 30% seeing an increase in individual purchases and nearly 27% seeing an increase in limited company purchases. This is according to research amongst users of the online broker forum, cherryplc.co.uk, carried out in association with Click2Check. […]
United Trust Bank (UTB) has launched its ‘UTB Secure Chat Hub’ providing brokers and customers with a straightforward and secure way of communicating with the Bank during mortgage applications. It is the latest addition to UTB’s successful #BrokerSummerSupportPackage. Using the new App, which is available to download for free from usual App stores, customers can […]
Specialist business property adviser, Christie & Co, is delighted to announce the freehold sale of Warren House in Kingston upon Thames, Surrey on behalf of private owners, to Sun Hotel Limited. Situated on the highly affluent Coombe Estate, one of Surrey’s wealthiest residential areas, the stunning Grade II listed property is only 10 miles from […]
More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, according to a new survey from the MCI mortgage club. Nearly three-quarters (73%) of those questioned indicated they felt a fresh lockdown will affect the mortgage market over the next twelve months. By contrast, […]
LendInvest, the UK’s leading platform for property finance, has introduced Appetite Statements for landlords seeking a pre-agreed financing offer for their future projects. The Appetite Statement is a pre-agreed limit of what LendInvest would be willing to lend to the borrower based on specific parameters, allowing landlords to source investment opportunities with the benefit of […]
Assetz Capital has signed a funding deal with Aros Kapital, a fast-growing Nordic financing provider focused on the SME segment, to contribute to its lending under the Coronavirus Business Interruption Loan Scheme (CBILS). With offices in Gothenburg (HQ), Stockholm, Orebro and London, Aros Kapital provides loans, invoice financing and leasing for small and medium-sized companies. […]
A phone recycling comparison business is set for further growth after buying its Maidstone headquarters with the support of Lloyds Bank. Kent-based Compare and Recycle has bought Sterling House on Ashford Road, where its team has been based for the last six years, thanks to a funding package from its longstanding banking partner. It now […]