LendInvest, the UK’s leading platform for property finance, has refreshed its unregulated bridging product suite relaunching higher LTVs up to 75% as the UK’s national lockdown eases. Residential bridging rates start at 0.55% available up to 50% LTV, at 0.69% up to 65% LTV, and 0.80% up to 75% LTV with loan sizes available from […]
Homeowners that buy a property that has an annexe and therefore believe they have purchased two properties and can claim stamp duty relief may be disappointed, say leading tax and advisory firm Blick Rothenberg. Sean Randall, a partner at the firm said: Last month a tribunal ruled against two individuals that appealed against HMRC’s decision […]
Hope Capital today launches a new product range, taking into account the needs of individual customers and catering for the needs of different borrowers and their level of borrowing. The new set of products offers a MINI, MIDI and MAXI loan to choose from. The MINI Loan starts at just £50,000 and goes up to […]
Savills latest Quarter One figures reveal that the Covid-19 lockdown is impacting Scotland’s development sector after a positive start to 2020, pausing housebuilding and slowing the new build sales market, despite pent up demand. However the strategic development land market has been less immediately effected as it is based on longer time horizons, according to […]
Landbay, one of the UK’s leading buy-to-let lenders, today launches a new product range, with loan to values up to 75% LTV. Landbay, which is institutionally funded, has continued to lend on buy-to-let properties throughout the lockdown. Rates on the new range start from 3.39% and it will also lend both on large and small […]
The banking and finance industry is today confirming its continued support for commercial landlord customers as part of its ongoing commitment to help business customers through these difficult times. With the June/July rent quarter soon approaching, lenders recognise that commercial landlords and their tenants may have concerns about their ability to make their payments. Banks […]
Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector. With loan sizes from £5m to £50m, Pluto Finance will provide loans of up to 65% LTV for fixed terms of 10 years or longer at a margin of c. 2.5%. Simon Chapman, lending director at Pluto Finance, […]
Nucleus Commercial Finance has provided a £50,000 facility to Energy Angels, enabling the business to continue operating at full capacity during the crisis and provide energy services to social and private landlords. Based in Wolverhampton, Energy Angels is a leading energy intermediary, helping households and businesses switch providers during void periods and supporting in negotiations […]
Fiduciam, the short-term and marketplace lender, has just closed two development loans, with a total value of £2.5m, with one using its ‘Stepping Stone’ scheme. The two loans, with values of £1.6m and £900,000 respectively, will provide funding for private developments in south London and on the south east coast. The first loan took advantage […]
Gatehouse Bank has today introduced 75% Finance to Value (FTV) limits on its Buy-to-Let and Home Purchase Plan products. This follows the Bank’s decision to reduce its maximum FTV to 65% on 1st April, due to difficulties in gaining physical valuations during the lockdown. However, a change in the lockdown conditions in England means that […]
