Specialist property business advisor, Christie & Co is pleased to report Bedlinog’s local Premier-branded convenience store, ‘Bedlinog Stores’ has been sold to an experienced operator, with the buyer utilising the Christie Group network to complete his purchase. This family-run village store has been owned and operated by Gareth Roberts since 2004 and came to the […]
Monument, the challenger bank and specialist buy-to-let lender, has launched a digital buy-to-let loan calculator to allow mortgage intermediaries to check affordability levels quickly and effectively against the bank’s rental income requirements. The online calculator allows intermediaries to calculate the maximum borrowing amount, monthly repayments, and see the different rates available based on loan to […]
Pluto Finance has launched a new streamlined bridge product, offering a streamlined credit process for a variety of property assets from land to retail, with loan sizes from £750,000 to £5m, at up to 75% LTV, with rates starting at 0.44% per month. The new streamlined bridge product has been designed to improve responses to […]
Brightstar Financial has launched a range of free summer webinars to help brokers to make the most of new opportunities and diversify their business. The award-winning specialist distributor will be hosting nine free webinars for brokers across two days on Tuesday 21 June and Wednesday 22 June. The webinars will cover a range of topics to […]
Aldermore has provided a £2.45m loan to Southernwood Capital to assist with the purchase of a block of apartments in Northampton, East Midlands. Southernwood is a boutique alternative investment fund manager which specialises in the build-to-rent sector. It was founded in 2014 by Irvine Robertson and has acquired a diverse portfolio of residential assets across […]
Milbank, which comprises a portfolio of eight businesses operating across a diverse range of markets, has secured a new £12.6m facility from the asset-based lending specialist. The deal, which consists of an accounts receivable line provided across five group companies, a cashflow loan and a plant and machinery revolver, will allow the group to secure […]
Net borrowing of mortgage debt by individuals decreased to £4.1bn in April, down from £6.4bn in March, the Bank of England has revealed . Mortgage approvals for house purchases also decreased to 66,000 in April from 69,500 in March – which indicates borrowing is set to fall further. Both measures are slightly below their 12-month […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reintroduced a seven-year fixed deal into its mortgage product range. The lender said it is offering 3.79% on a seven-year, fixed rate, standard buy-to-let mortgage at 65% LTV for properties with an A to C rated energy performance certificate (EPC), and 3.89% on standard […]
With enquiries about Second Charge loans up 63% from brokers during April, leading bridging firm, SoMo, has deemed its recent campaign educating brokers about the benefits of Second Charge and Equitable loans, a huge success. CEO at SoMo, Louis Alexander said: “With the cost-of-living crisis affecting everyone, businesses and individuals alike, we wanted to raise […]
Recognise Bank has announced the agreement of a £4.2m-plus refinance package for a portfolio investment client. The loan was provided to allow the client to refinance an expiring loan, secured on a mix of residential and commercial properties in in various locations across the country. The client, Hurstglen Properties, was introduced to Recognise Bank by […]
