Leading specialist prime property finance firm CapitalRise today announces it has successfully originated more than £300m in loans, funding developments across London and the Home Counties to the value of £822m. Over a third of this hallmark figure was lent in the last 12 months alone to October 2023. This demonstrates the rapid acceleration […]
According to research from international real estate advisor Savills, demand from food & beverage (F&B) operators within the drive-thru market is currently at a 10 year high, having seen their popularity accelerate during the pandemic. New data from Savills shows that drive-thru’s currently make up 33% of out-of-town new F&B new openings during H1, up […]
Aspen Bridging lent £57.7m from July to September 2023, making it the best quarterly performance in the lender’s history. The lender finalised deals ranging from the largest at £7m, all the way through to its minimum of £200k, and the average facility size was in excess of £900k. The fastest time-to-fund was just five days […]
The balances of loans and savings on the Phoebus servicing platform has increased by 25% in just one year from £80bn to over £100bn assets under management. Phoebus has been servicing accounts since 1989 on behalf of third-party administrators, lenders, specialist banks and building societies across a range of consumer and commercial products in the […]
Specialist buy-to-let lender Landbay has announced rate reductions to its standard five-year fixed rate products, with a 0.10% decrease across the entire range. The standard five-year fixed range now starts at 4.85%, with all products stressed at payrate and available through Landbay’s innovative variable fee structure. Across varying loan-to-values (LTVs), the product range can accommodate […]
Savills latest global Prime Office Costs (SPOC) analysis has revealed that average net effective costs for occupiers taking top quality office space in key cities around the world rose 0.8% in Q3 2023, bringing the average increase in net effective costs since the end of 2022 to 2.6%. The international real estate advisor says this […]
Barratt Developments, one of the UK’s largest housebuilders, has released an AGM trading update for the period from 1 July to 8 October: Trading environment remains difficult Forward sales significantly down on last year at 9,221 homes (2022: 13,314 homes) Barratt continues to target total home completions of 13,250 to 14,250 in FY24 Charlie Huggins, manager of […]
A specialist business bank is strengthening its proposition for portfolio landlords with a new Green Reward cashback offer. Redwood Bank is keen to support landlords who have already achieved EPC ratings of A-C. Any new loan deals completed on properties in these top three EPC ratings will be given cashback of up to 0.50% of […]
Despite an unprecedented period of macroeconomic volatility, global institutional investors’ attitudes towards the UK Living sector are at their strongest in nearly half a decade, according to Investec Real Estate’s third Future Living report. The trend is being driven by a combination of the sector’s compelling societal and demographic trends, which were accelerated by the […]
In its October Market in Minutes report, Savills says that prime logistics and West End offices will lead the next phase of the UK real estate investment market cycle going into 2024, as both asset types offer potential buyers a combination of solid rental growth expectations (in a flat-lining economy) and some yield hardening over the […]
