Bridge Industrial (“Bridge”), the US-based industrial real estate operating company and investment manager, has acquired its sixth UK development site, in Chadwell Heath, from Be First – the regeneration vehicle for Barking and Dagenham Council. Its largest acquisition to date, Bridge plans to develop 333,000 sq ft of last mile logistics space on the 13-acre, […]
Newable Finance, the specialist brokerage and advisory service arm of Newable, has launched EPC Finance – a range of products for landlords to refurbish properties to the required minimum ‘C’ rating, or refinance existing buy to let mortgages, ahead of new rules coming into play. By 2025, the government stipulates all newly rented properties in England […]
Committed to making buy-to-let lending better for brokers, Landbay has launched its most comprehensive and intuitive broker portal – and revealed a bold new brand. The new brand sets Landbay apart from the sector’s traditional look and feel – and the brand line, “Your lending partner” reflects the trusted relationships Landbay has with its customers […]
Research from Credas Technologies, the leading anti-money laundering checks provider, reveals that fees paid to HMRC by estate agents for anti-money laundering (AML) supervision have increased by 205% annually. Since 2018, businesses have been legally required to register for AML supervision from HMRC, a process which costs £300 per business premises that needs supervision. However, […]
Commenting on the UK’s latest Construction PMI data, Gareth Belsham, director of the national property consultancy and surveyors Naismiths, said: “Storm clouds might be gathering but they haven’t yet broken. “Britain’s construction sector is still busy and new orders continue to roll in, but it is losing momentum. “The pace of new orders has slowed to its […]
More than half of SME builders feel unprepared for imminent changes in building regulations to improve energy efficiency, claims the Federation of Master Builders, FMB. New rules on ventilation, conservation of fuel and power, overheating and infrastructure for charging electric vehicles come into force on the 15th of June. FMB chief executive Brian Berry said: […]
Leading national broker firm, Just Mortgages brought in fifty new brokers to its self-employed team in the first three months of 2022. The self-employed division now has 440 brokers which marks an incredibly rapid expansion, as the firm started with just a handful of brokers in June 2016. The growth to start to the year […]
Specialist lender, West One Loans is reducing rates on its buy-to-let lifetime tracker product range. The largest reduction is on the Lifetime Tracker Standard W1 product range, which has been reduced by 111 basis points to 2.99%. This range tracks bank base rate, currently 0.75%, with a margin of 2.24% and can be used on […]
Net borrowing of mortgage debt by individuals increased to £7.0bn in March, up from £4.6bn in February, data from the Bank of England revealed today. That is well above the pre-pandemic average of £4.3bn in the 12 months up to February 2020. Gross lending rose slightly to £26.5bn in March from £26.0 billion in February, […]
Impact Specialist Finance, the leading specialist packager and distributor, has partnered with conveyancing portal, Movin Legal, to help its brokers find the right legal partner to help their clients complete on a wide range of specialist finance property purchases. Impact also provides a referral service to brokers, as there may be occasions where, for a […]
