Landbay, one of the UK’s leading buy-to-let lenders, has launched a new funding partnership with a UK bank. This deposit-taking bank will fund mortgages originated by Landbay and hold them on their balance sheet. This partnership complements Landbay’s current institutional funding arrangements and will allow Landbay to broaden its product range, which is available to […]
The total value of construction contract awards in June 2020 was £2.2bn based on a three-month rolling average. Compared to May, this is a decrease of 9.2% and is also 57.3% lower than June 2019. However, contract award numbers in June increased by 81.4% to 477, signalling an improvement in conditions. The latest edition of […]
Digital lender Selina Finance has completed a £42m Series A fundraise, it announced today. The funding includes £12m in equity and £30m in debt lines and will boost the company’s growth as they look ahead to launching a consumer product later this year. The equity funding, raised from a range of leading fintech investors including […]
The Association of Short Term Lenders (ASTL) has announced the date, and a number of exciting changes, for its Annual Conference 2020. The ASTL Annual Conference will take place on Tuesday 22nd September and, for the first time in its history, will be held as a virtual event enabling delegates to attend from wherever they […]
Legislation laid in parliament yesterday sets out additional permitted development rights intended to boost housing supply and revitalise town centres in England. The Use Class Order in England has also been amended to group town centre uses, learning institutions and community uses. From 31 August 2020, full planning applications will not be required to demolish […]
Knock Castle Hotel & Spa dates back to 1870 and is well-known as the grand former home of Scottish shipping magnate, Lady MacBrayne. The hotel comprises a total of 30 letting bedrooms, nine of which are situated in the adjacent ‘Castle Lodge’ building. The site sits within approximately three and a half acres of mature […]
LendInvest, the UK’s leading platform for property finance, has launched a new structured property finance team to offer a tailored service to brokers and borrowers with complex property finance cases. The team will be headed up by Tom Madden, sales director, working alongside senior business development managers Gary Clark and Michael Minnie, offering over 55 […]
United Trust Bank (UTB) have made it their mission to help get the mortgage industry back open for business by launching its #BrokerSummerSupportPackage campaign. Over the coming weeks the Bank will be announcing a number of mortgage product, criteria and technology enhancements which it believes will enable brokers to write more business, despite the challenging […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has joined the mortgage panel at Openwork, one of the UK’s largest and longest established financial advice and investment networks. Openwork’s community of more than 4,000 advisers and 1.2 million clients will now have access to Zephyr’s range of buy-to-let products, which cover loans up to a value […]
Pepper Money has relaunched its buy-to-let purchase mortgages for individual investors and limited companies after closely monitoring the market and demand from both tenants and investors. In addition, Pepper Money will also be making its new Pepper Light mortgage range available on buy-to-let purchases for the first time. Pepper Light is a range of products […]
