The latest market analysis by Unlatch, the new homes sales progression and aftercare platform for developers and housebuilders, reveals where the UK’s new-build premium hotspots are and where, therefore, housebuilders stand to make the most profitable investments. In the UK, the average new-build house sells for a price of £261 per square foot. This is […]
Landbay has today launched a partnership with wealth management firm 2plan, whose financial advisers with mortgage permissions will now have direct access to Landbay’s suite of specialist prime buy-to-let products. Landbay will also provide 2plan with full sales and marketing support as well as the rapid turnaround times it is well known for. Launched in […]
Leading national broker firm Just Mortgages has launched a new golden hello scheme to help principal firms attract experienced advisers who are transferring from an employed role to self-employed. The new Commission Advance Scheme is designed to support the principal firm grow their businesses whilst also acknowledging the challenges in earning from a pipeline in […]
Specialist short-term lender, Hope Capital, has taken on board the feedback received from brokers and borrowers and streamlined its overall proposition to provide an even more affordable, flexible and adaptable product range. This includes introducing the Hope Guarantee. At a time when interests rates are increasing and more bridging finance lenders are introducing variable rates […]
Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units. The new […]
Packager First 4 Bridging (F4B) and the F4B Network has today (Tuesday 20 September) announced a full rebranding of the businesses and will now be known as Envelop and Envelop Network respectively. F4B has operated in the specialist lending market for over 20 years and firmly established itself as one of the UK’s leading packagers […]
Landbay is bucking the trend of rising rates, by today (Tuesday 20 September) lowering interest rates on its two-year fixed rate buy-to-let mortgages. This will apply to standard properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs). Landbay can do this due to its diverse range of funders. The rate changes are: Standard property […]
Glenhawk, one of the UK’s fastest growing specialist lenders, has agreed a £200m senior funding line with NatWest Markets (“NatWest”), which will support its ambitions to lend £1bn annually by 2024. The new facility sits alongside Glenhawk’s existing funding line with J.P. Morgan and capitalises upon NatWest’s experience in the high growth UK bridging sector, which saw […]
The UK property market continues to show significant momentum, according to Home.co.uk’s Asking Price Index for September. Frothy valuations are being dialled back as the post-lockdown buying frenzy fades away. Stock levels are recovering in all regions except London, where renewed demand is gobbling up properties faster than agents can put them on the market. […]
Alternative Bridging Corporation has secured a new dedicated residential development funding line from its bankers. The new funding line will release existing facilities and help the property lender to continue to grow its development finance loan book, while expanding its bridging loan programmes for residential and commercial properties, including regulated loans. Stephen Meller, director of […]
