Pluto Finance has completed a £3.4m development exit bridge loan for Storey Homes’ Birch Meadow development in Hertfordshire. Birch Meadow is an exclusive development of 12, three, four and five-bedroom homes located on Cambridge Road in the Hertfordshire village of Barkway, near Royston. The low-gear development exit bridge facility was agreed at 55% LTV for […]
Covid-19 continued to dominate the attention of brokers, with ‘Covid-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker in May. This echoes results in the previous month and reflects the ongoing limits placed on LTVs by many lenders in the wake of the coronavirus outbreak. […]
Bridging lender Hope Capital today launches a new product which gives borrowers control and flexibility of their cashflow. The Discounted Rate loan is designed to help borrowers achieve the balance between affordability, optimal loan amount on day one, cashflow and Loan to Value. Interest is set at a lower rate for the first six months, […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has launched its new suite of buy-to-let mortgage products offering up to 75% loan-to-value (LTV). Zephyr has expanded its range of fixed-rate BTL mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties, all priced at different […]
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 […]
