Aspen Bridging has reported June 2020 to be one of its best months on record, approving £294m of deals across 382 cases. The figures are up from £107m across 219 cases in May 2020, representing a 175% and 74% increase respectively, while the business also achieved even greater growth of 301% in new lending month-on-month. […]
lThe MCI mortgage club has appointed Zephyr Homeloans to its growing panel of specialist lenders for buy-to-let products. Zephyr supports a product range tailored for individual landlords and limited companies, including HMOs, multi-unit freehold blocks, flats above commercial premises and ex-local authority properties. MCI Club members will benefit from Zephyr’s application-fee-free approach. LTVs are available […]
Specialist asset-based lender Ultimate Finance is today announcing that it can offer Coronavirus Business Interruption Loan Scheme (CBILS) backed bridging finance products, following earlier accreditation by the British Business Bank for term loans alongside invoice finance facilities and asset finance. Property lending has been significantly impacted by the Covid-19 outbreak with the supply of finance […]
Aldermore, the specialist lender, has provided a £5m, 10 year, interest only Commercial Residential Investment refinance facility to Quintain Alto Residential Limited – a subsidiary of Quintain, which owns 13 apartments in Wembley Park’s Alto building, a development completed in 2017. The apartments are privately let and managed by Wembley Park Residential, Quintain’s private sales […]
Aspen has completed a £1.2m residential bridging loan for a British Virgin Islands (BVI) company which commenced a debt restructuring programme just prior to the coronavirus outbreak. The loan, which was completed at a rate of 0.89%pm flat rate with no exit fees over 12 months, was secured on a penthouse in the prestigious Pan […]
Hope Capital has recorded a stronger June performance than for the same month last year, fuelling growing optimism that the market is bouncing back strongly from the coronavirus-inspired freeze. Although many restrictions remained in place, Hope Capital received a huge 189% leap in enquiries from the previous June’s figures. This includes an increase in enquiries […]
‘Product-less’ lender, Octane Capital, today announced it has completed a £2.6m bridge-to-let loan in just nine days to a client of specialist broker, PCF Financial Services (‘PCF’). The 2-year facility was made against a block of 47 unencumbered residential flats in Suffolk with a value of £5m. The borrower, an experienced and acquisitive landlord, wanted […]
Aldermore bank has appointed Iain Bryson as its new head of development and specialist property within its commercial real estate team. Iain has over 35 years’ experience in the commercial real estate sector, most recently working at Europe Arab Bank, part of the Arab Bank group, as head of real estate finance. Prior to working […]
Lendlord has launched an enhanced Property Deal Analyser as part of its portfolio management platform for landlords. The online portfolio management firm has built a tool that helps landlords and property investors to evaluate potential acquisitions as well as evaluating the potential performance of their existing portfolio for both the short term and the long […]
The Association of Short Term Lenders (ASTL) has launched its first member newsletter to provide members and associate members with a new channel to communicate and engage with each other. The ASTL will produce the newsletter each month as a means of delivering market commentary and important updates, as well as providing members and associate […]
