A new entrant to the housebuilding market, Octopus will provide growth funding to enable Elivia Homes to expand its Central and Southern regional footprint. Elivia aims to grow into a £250m turnover business, delivering over 600 design-led and sustainable homes in aspirational locations each year. Elivia will construct more than 200 high quality affordable homes […]
The Brightstar Group has completed its largest ever day, securing nearly £75m worth of finance for clients of Brightstar Financial and Sirius Property Finance. The record trading day for the group included the completion of a £69m loan by Sirius Property Finance to fund the development of a luxury 291-unit mixed use scheme on the […]
Bridging applications and completions in Q1 2022 have fallen back from their record highs in Q4 2021, but remain strong compared to the long-term average, 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 that bridging completions […]
Specialist finance company Together has today announced its latest results – and revealed its loan book has reached a record £4.8bn. The group, which provides personal and commercial finance across mainland UK, maintained its strong momentum with new lending up 17.4 % on the previous quarter to £234.7m. A spokesperson said the group remains robustly […]
Spring Finance has relaunched its second charge mortgage offering and introduced a bespoke, interest only, buy-to-let product. In order to service an increasing number of borrowers, Spring has significantly widened its product offering with an introduction of a prestige range to complement its existing products. These new prestige products will focus on mid-prime borrowers and […]
A parade of shops which features in the movie ‘Notting Hill’ is being transformed into a luxury apartment scheme with a GDV in excess of £30m after the specialist lender Atelier agreed to finance the mixed-use redevelopment. The four-storey, 24,511 sq ft Victorian terrace at 305-317 Westbourne Park Road, West London, stands directly opposite the […]
Aldermore has provided a £10.7m loan to Russell Armer Homes to deliver a housing development in Kendal. The Meadow Rigg site is located on the northern edge of Kendal, which is at the southern edge of the Lake District in Cumbria. The development is another joint venture between Russell Armer Homes and the Housing Growth […]
PCF Bank, the AIM listed specialist bank, has completed a deal to provide an experienced developer with a commercial bridge facility of £1.25m, allowing the borrower to exit their development finance facility. The property in West Sussex comprises the freehold interest in a site now developed to provide a terrace of six three storey office […]
A webinar poll conducted by Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, found that 5 in 10 (52%) of a wide ranging audience of lenders, brokers, surveyors and other property professionals suggested that down valuations are either ‘very or quite prevalent’ in 2022. Almost a third (31%) highlighted […]
Specialist marketplace lender Assetz Capital has provided a £2m development funding loan to London Edinburgh Investments Ltd, to regenerate the former Star Hotel in Kingussie. Located in the picturesque Cairngorms National Park, the hotel will be transformed into 17 self-catered holiday apartments named ‘Wolf Hall Apartments’. ‘Wolf’s Lair’ – a contemporary pizzeria and bar serving […]
