The funds have been provided to the 39,000-home social landlord by existing lenders, including Barclays, NatWest and Nationwide, as well as new partners, ABN AMRO and HSBC. The new revolving credit facilities (RCFs) run for 5-10 years. Through this funding process, Stonewater has optimised its financial covenant package with both new and existing funding, unlocking […]
Pantera Property has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member. Pantera Property is a strategic and niche family-run firm of chartered surveyors established in 2016. The firm has a dedicated team carrying out Secured Lending Valuations for Short Term Lenders and provides a national property […]
According to Savills, take-up of science related space across the Golden Triangle reached 424,000 sq ft in Q1 2024, the second highest total recorded in the past five years. This signals a positive start to the year within the context of a more challenging occupational market and restricted global venture capital flows. Savills looked at […]
Taking effect immediately, the planning departments in Cambridge and Chelmsford will join together to create a 15-strong discipline spanning Cambridgeshire, Essex, Suffolk, Norfolk, Hertfordshire, Bedfordshire and Lincolnshire. The team will also work closely with colleagues in London to serve the A12 corridor into East London. The combined team will continue to serve multiple sectors, including […]
Prime office rents in major cities around the world have risen 1.1% in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4%, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. The international real estate […]
Crystal Specialist Finance (CSF) has witnessed a record-breaking start to 2024 as it targets more than £1bn worth of loan enquiries and applications for the fourth successive year. From January to March inclusive, the specialist finance distributor has processed its highest-ever volume of loans, with bridging (35%), buy-to-let (26%) and commercial (24%) representing the majority […]
London’s £5m-plus residential market continues to slow from its post-pandemic record high, but remains significantly stronger than the pre-pandemic average, according to the latest research from property firm Savills. A total of 89 £5m-plus homes changed hands across London in Q1 2024 according to an all-market analysis from Savills, with a total value of £918m. […]
Positive trends in all the key indicators underline the fact that the UK property sales market has recovered from the interest rate shocks and is proceeding apace, according to Home.co.uk’s Asking Price Index for April. Properties are moving through the market more rapidly overall than was observed in pre-Covid years. Confidence has risen significantly following […]
Just Mortgages, one of the UK’s largest mortgage brokers, has revealed robust results for 2023, with brokers across both its divisions outperforming the market. Against a backdrop of higher interest rates and fierce affordability challenges, both employed and self-employed brokers still wrote more than 30,000 mortgage applications. This is in spite of the fact that […]
Specialist property lender, ASK Partners (ASK), today announces that more than £45m invested in commercial and residential real estate debt has been exchanged via its secondary market platform. The company has developed its own unique digital private wealth platform which has created the choice and liquidity traditionally not available to investors in this asset class. […]
