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 […]
Aspen is continuing to lead the bridging market’s response to the coronavirus pandemic by increasing its maximum LTV to 75%, raising its top loan amount to £3m net and by utilising both physical and desktop valuations. In its new rate card, the lender’s Flat and Stepped Rate Products include residential and light refurbishment, residential and […]
For the first time in history the government had paid out more in VAT than it collects, say tax and advisory firm Blick Rothenberg Alan Pearce, a partner at the firm said: The governments monthly tax revenue statistics reveal that in the month of April 2020 alone, when VAT revenues would normally be expected to […]
Zephyr Homeloans has resumed physical valuations following the removal of government restrictions on inspections. The specialist buy-to-let lender says that it will be following all relevant public health guidance whenever inspections take place. Paul Fryers, managing director at Zephyr Homeloans, said: “It’s great news that physical valuations are possible again and that we can now […]
Savills, on behalf of OCS Group Limited, has sold the freehold of Caxton House in Pentwyn, Cardiff and secured two new local premises for the international facilities management company to relocate into. Caxton House, comprising 26,382 sq ft (2,451 sq m) of office and warehouse space, with a separate warehouse and parking for 45 cars […]
Aspen Bridging has been appointed to Beneficial network’s Specialist Mortgage Lender Panel with immediate effect, and will assist the network’s 120 independent advisors with both applications and education. All Beneficial members will have access to the lender’s ‘introduction’ technology via a dedicated web portal which will give brokers a decision in minutes on any bridging […]
LendInvest, the UK’s leading platform for property finance, has made a series of updates to its buy-to-let product range as valuations are permitted to go ahead. Two year fixed rates start at 2.99% available up to 65% LTV, and 3.29% up to 70% LTV, with a maximum loan size of £750,000. The lender has reintroduced […]
