Atom bank is expanding Portal – their next generation broker gateway- to include their innovative Quick Quote tool. This addition will allow brokers offering secured business loans to self-assess and create an indicative quote within the portal before submitting an application, whereas the traditional method requires brokers to contact the business development team for a […]
Tuscan Capital, the short-term property finance specialist, has announced that it has secured new funding for buy-to-let portfolio landlords looking to secure short-term funding. The additional facility provides Tuscan with £150m to specifically support selected buy-to-let portfolio cases. Over the past 12 months, Tuscan has provided short-term financial solutions for portfolio deals from £750,000 to […]
Aspen has completed a 72% LTV, £1.1m no valuation bridge for a client who had just two weeks to complete a purchase and save their £150k deposit. The developer required quick funds to acquire a large nine-bedroom detached house in Cheshire, with land, with the intention to refurbish and sell. The 12-month bridge was completed […]
Study Inn Group, the boutique serviced student accommodation owner, developer and operator has refinanced its second portfolio of student accommodation assets with facilities totalling £161m. The Study Inn platform was set up to design and develop portfolios of high-quality, well located student accommodation in key cities. Once operational, the assets are stabilized at 100% occupancy […]
Eastwood has sold its 7.5 acre Hertford Industrial Estate site in Caxton Hill Hertford, which it owned jointly with VFund and ASK Capital Partners, to Investment Manager BlackRock for £16,600,000. The privately owned East London based property development and investment company unconditionally acquired the 130,000sqft estate in 2018 from LaSalle Investment Management. With initial plans […]
Specialist lender, Pepper Money, has exceeded £1bn worth of loans on its second charge mortgage book. Breaking through the £1bn barrier marks a key milestone for the lender, which has already successfully closed five securitisations under the Castell securitisation platform and originated more than £1.8bn second charge mortgages in total, with £800m worth of loans […]
Market analysis from specialist property lending experts, Octane Capital, has revealed how a raft of government changes to buy-to-let profitability have reduced landlord appetites over the last five years, however, the level of buy-to-let loans being issued remains substantially higher than a decade ago. Octane Capital’s analysis of mortgage lending data shows that last year, […]
Berlin-based investment firm Caleus has made its first acquisition in the UK with the purchase of 19-24 Dering Street, a prime mixed-use freehold building in Mayfair, London W1 from Legal & General for around £60m. Boasting a prominent position in between Bond Steet and Hanover Square, opposite the Elizabeth Line entrance, the multi-let property totals […]
The Bridging Group has become the latest lender to join the Association of Short Term Lenders (ASTL). The Bridging Group offers bridging loans between £50k and £10m on terms up to 24 months for property refurbishment, auction and refinance. The lender has an experienced team and a track record of completing transactions at speed for […]
Market-leading bridging loan firm, SoMo, has reported a 25% increase in its second charge lending, which now makes up almost 50% of all its loans. While latest data from the Finance & Leasing Association reported that second charge lending has recently returned to pre-pandemic levels, SoMo’s second charge lending remained consistent throughout and has grown […]
