Colenko has become the latest lender member to join the Association of Short-Term Lenders (ASTL). Colenko provides bespoke bridging loans and development finance for property investors and developers, with a senior team that has delivered more than £1bn in secured finance over the past 20 years. Vic Jannels, CEO of the ASTL, says: “I’m very […]
At Savills 35th Financing Property presentation launched in London on, Wednesday 24 May 2023, the international real estate advisor revealed that living sectors, residential development and prime logistics are the most favoured UK sectors by London’s lending community. According to Savills survey, these sectors also reflect the markets that respondents believe are most likely to […]
Cynergy Bank is providing funding for residential landlords to support them in making vital improvements to their rental properties to ensure they are compliant with proposed new government legislation. The changes in the Minimum Energy Efficiency Standards as set out by the government are in line with its target to be net-zero by 2050. These […]
Buy-to-let landlords are being warned that they face hefty tax penalties unless they personally fill in a capital gains tax return within 60 days of selling a property. The advice to the UK’s 2.74 million landlords, from a tax specialist at UK top 10 accountancy firm Azets, comes as record interest rate rises triggered a […]
Specialist lending firm Somo, the specialist lender offering secured bridging loans, has joined the lending panel of finova, the UK’s leading mortgage and savings technology provider that works with over 3,000 brokers. Somo has become one of a select panel of lenders available via finova payment and mortgage services’, giving finova’s brokers the opportunity to […]
The Certified Practitioner in Specialist Property Finance (CPSP) has now launched, following a joint initiative between the Association of Short Term Lenders (ASTL), Financial Intermediary & Broker Association (FIBA) and the London Institute of Banking & Finance (LIBF). CPSP is an optional e-learning programme that will cover bridging, short term finance, development finance and specialist […]
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) has been released today, with data suggesting a growing optimism about the outlook for the mortgage market. IMLA’s findings show that intermediaries are keeping busy, with the average adviser placing 99 cases over the previous 12 months. The figure is a small […]
The Envelop Network has announced the addition of Bank of Ireland to its lending panel. This panel addition will provide Envelop Network members with access to Bank of Ireland’s extensive and competitive range of residential and buy-to-let products. This includes the Bank’s Bespoke product suite which offers advisers a personalised and flexible service for particularly […]
Rising asking prices across all English regions, Scotland and Wales indicate a renewed level of confidence among vendors and a further bold step along the road to recovery, according to Home.co.uk’s Asking Price Index for May. At the same time, rising stock levels and longer marketing times, while normal for the time of year, will […]
Requirements for office space in the City and Central London continue to grow in 2023, reports Savills, despite lower levels of take-up against ongoing economic uncertainty. In its latest City Office Market Watch the real estate advisor says occupiers with an active requirement considering options in the City and Central London has risen to 8.7 […]
