Bridging loan books hit another record high in Q4 2023, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors from data provided by members of the ASTL, show an increase in completions in the fourth quarter of 2023, rising by 18.4% on the third quarter of […]
InterBay, part of the leading specialist lender OSB Group, has reduced rates across semi-commercial products to help support those looking to purchase and remortgage. InterBay’s Core and Select ranges includes reduced rates across 2 year and 5 year fixed semi-commercial products available at 65% LTV and 75% LTV. The Select range is available to a […]
An Edinburgh-based property investment group has secured a £530,000 funding deal to both acquire a grade B listed building in the Leith area of the city for hotel redevelopment and also complete the major refurbishment of a new boutique hotel. Archibald Marckay Group has utilised the facility provided by alternative finance lender Reward Finance Group […]
Manchester headquartered specialist lender, Assetz Capital, has launched a new Planning Assistance Loan product, aimed at supporting the conversion of commercial buildings into residential dwellings. The new product solution is specifically designed to help experienced property developers acquire commercial buildings, with the intent of securing residential, PBSA, or PRS Planning Permission for onward redevelopment during […]
The new build division at national brokerage Just Mortgages has reported a bumper start to the year, with new build leads and enquiries up 40% year-on-year. In addition to a strong start compared to 2023, the team at Just Mortgages has seen a month-on-month increase in enquiries across its new build division. In fact, in […]
The government has announced measures to regulate short-term lets. Under the new rules, the government says planning permission will be required for future short-term lets and a new mandatory national register will provide valuable information and help ensure accommodation is safe. Commenting on the decision, Paul Miner, head of campaigns and Policy at CPRE, the […]
Buy-to-let lender Landbay has expanded its product range with the introduction of two new five-year fixed-rate products, available with no product fees. The first is a standard five-year fixed rate product at 5.69%, which is available at 75% loan-to-value (LTV) and with maximum loan size of £1.5m. The second is an addition to Landbay’s new […]
Over a third of landlords will push back ESG goals and actions due to government flip-flopping to meet low-carbon emission targets, according to RSM UK’s Real Estate 360 survey. Research commissioned by leading audit, tax and consulting firm RSM UK shows that 35% of businesses will roll back action to meet ESG goals due to […]
TAB, the real estate finance and investment house has expanded its reach to Scotland, where it is now operating its bridging loan services to customers. TAB will focus on main towns and cities within Scotland catering to all commercial and residential properties. Sales development director Jon Sturgess will spearhead the Scotland team to develop new […]
Asset-based lender Ultimate Finance has announced it has beaten its record for new bridging funding for the third month in a row, after having experienced a 110% growth in origination in 2023. Head of bridging Finance Liam Cavanagh, says, “Over the past few years our range of residential bridging loans have evolved with the needs […]
