Aldermore has today introduced a range of new products to its buy to let and residential owner occupied mortgage range, aimed at supporting borrowers with different needs. They’ve reintroduced their standard level 1 residential owner occupied range and their level 2 and 3 range that supports those with more complex borrowing needs. With 2 and […]
Hampshire Trust Bank (HTB) has enhanced its offering for landlords with the introduction a new product for clients looking at improving the Energy Performance Certificate (EPC) rating of their property via refurbishment. Combining the benefits of a light refurbishment bridging product wrapped in a term loan, Bridge EPC Refurb provides the borrower with added benefits […]
Spring Finance has today announced that they have successfully completed their first bridging loan. Following Spring’s recent pilot launch this £650k loan was introduced by BuildLoan. This first charge regulated bridge was for a customer with complex credit in need of debt consolidation and capital raising. In addition, the property being used for security was […]
Aspen Bridging has pledged to plant a new UK tree for every case completed this year and beyond, which will reduce its overall Scope 1 and 2 emissions to below Net Zero in 2022. The step will result in the removal of over 200 tons of CO2 by 2025 from the atmosphere and meets UK […]
New homes in London recorded a 51 year-on-year increase according to the National House Building Council’s, NHBC, registration figures for the first quarter of 2021. Wales saw an 84 rise followed by 65 for the East Midlands and 52 for the West Midlands. Northern Ireland experienced an 8% decrease and Scotland a 6% drop. Overall, […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, will this month host a webinar on the topic of limited companies. The event on 24 May is for brokers involved in advising such companies, which are typically set up to purchase and manage a BTL property. Julian Sampson, partner at TWM Solicitors and head […]
The latest new-build sector insight by the new-build sales optimisation platform, Unlatch, has revealed that developer profits have bounced back on the decline seen during the first year of the pandemic, although they remain below the levels seen prior to the pandemic. Unlatch analysed the profit before tax of the nation’s eight big housebuilders and […]
Vengrove has completed the off-market acquisition of two acres of brownfield development land in Reading for VRE Industrial Partners (VREIP), its UK value-add industrial and logistics strategy. The site, which formerly served as the HQ for AutoTrader and currently comprises two former office buildings, has been purchased with the benefit of planning for a £16.5m […]
Hodge has launched a new development finance option, Stretch Senior, to provide experienced property developers with the opportunity to access additional development finances in a quick and convenient way, dealing with just one lender. The new commercial lending option will give accomplished residential and commercial property developers the opportunity to access additional leverage alongside a […]
Aspen Bridging has completed a £5.2m Heavy Works bridge-to-let at 75%, inclusive of 100% works funding at £2m, for an experienced developer purchasing and converting two Grade I listed properties. The projects will see the first building in Bristol converted into a house, and the second in Bath into multiple apartments and commercial units. The […]
