Developer Southern Grove today unveils a £4.5m pilot development of mews houses in a popular residential area of north London. The scheme in leafy Finchley, called Granville Mews, will provide six townhouses benefiting from a communal courtyard and spacious three-bed, five-person accommodation. Most developers avoid small sites because they feel they don’t deliver a great […]
Hampshire Trust Bank (HTB) Development Finance team has today announced an increase in LTGDV to 65% for loans up to £6m. The move is part of a deliberate focus to assist smaller experienced developers who will benefit from additional leverage and support from a bank lender. David Alcock, managing director, Development Finance said: “We recognise […]
The business comprises a post office, travel agency and a newsagent, all of which are staff run. It boasts a high turnover, most of which comes from its travel agency services and post office transactions, with additional trade from sales of a range of gifts, greetings cards and stationery. The property also includes an office, […]
Seven in 10 bridging lenders (68%) are concerned about the capacity of the courts to deal with the caseload when the enforcement moratorium is lifted, according to research from the Association of Short Term Lenders (ASTL). According to HM Courts & Tribunals Service, the pre-Covid-19 baseline for civil receipts (which include High Court claims and […]
United Trust Bank (UTB) is continuing to expand its Development Finance Division with the appointment of a new director and a new manager. Hardeep Thandi joins UTB from Aldermore as director, property development and brings with him over 14 years’ property development, commercial and corporate banking experience. He is based in Leeds and will predominantly […]
Mortgage Broker Tools has launched BTL Affordability – a ground-breaking enhancement to MBT Affordability that enables brokers to research how much their landlord clients can borrow, based on the ICR of a property and their own income. BTL Affordability provides brokers with more complete coverage of the market with one, easy to use, calculator that […]
More than 250 advisers have signed up for anti-money-laundering (AML) and credit reports through the eKeeper CRM in the three months since the feature was launched. The feature enables brokers to access Experian AML and credit reports, directly from the eKeeper CRM. It supplies brokers with information to quickly identify potential issues that may not […]
Hope Capital is gearing up for a period of sustained growth, as it proceeds with the next phase of its ambitious expansion strategy. The specialist short-term lender has seen a huge spike in demand since the Covid-19 lockdown was eased, with enquiries in June up 189% on the previous year. It is now anticipating further […]
Mapleford is a purpose-built nursing home facility spread out over two floors. The business is registered for 54 residents, though there are currently 43 single bedrooms and five en suites as the accommodation has been reconfigured to provide additional communal facilities. The property is located on Bolton Avenue in the town of Accrington in the […]
Mint Bridging has become the latest lender to join the Association of Short Term Lenders (ASTL). Mint Bridging offers bridging finance for borrowers, developers and investors, with loans available up to £5m for property purchases, developments, auction purchase, business cash flow, investments and more. Paul Wertheim, operations director at Mint Bridging, says: “We join the […]
