Specialist marketplace lender Assetz Capital have provided a development facility up to £3m to assist borrower Tate Estates to complete their site of exclusive apartments in Harrogate, Yorkshire. The client had experienced trouble with the build due to the Covid-19 lockdowns and the construction material shortage, which initially disrupted the schedule of building work. Thanks […]
West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C. This innovative new green product is set at West One’s lowest ever rate for buy-to-let second mortgages starting from 5.29%. In addition, West One has created a brand-new, second charge […]
OSB Group, one of the UK’s leading specialist lenders, has launched an extensive new bridging proposition through Precise Mortgages & InterBay to support brokers with their client’s requirements for short term lending solutions. The range brings together a real breadth of product offering and utilises a combination of expertise across both brands. The Group has […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, further expands its product suite and criteria by launching a new product range for large Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), designed to cater for properties with 7 to 10 bedroom/units, so moving the lender further into the complex multi-unit/tenanted buy-to-let market. This move […]
Arbuthnot Specialist Finance Limited (ASFL), the short-term property finance subsidiary of Arbuthnot Latham, the private and commercial bank, had its biggest quarter to date, receiving loan enquiries exceeding £300m. February saw the bulk of the credit applications in terms of the loan value, following increased residential investment and development demand, due to the need for […]
Recognise Bank has agreed a £5m commercial loan with property company Grangewood Investments Ltd. The loan was made so that the developer could refinance and raise equity on two commercial investment properties on the Oakwood Hill Industrial Estate in Loughton, Essex. One building houses serviced offices for a number of SMEs and is partially owner-occupied. […]
Luxury asset lender, Suros Capital has successfully helped a London based property developer by advancing funds secured against a collection of gold coins, to top up the short term funding for a property project. The client needed a further £200,000 to develop the property he had bought with the help of a standard bridging loan […]
United Trust Bank (UTB) has completed a £1.3m non-regulated bridging facility to enable an experienced developer to acquire and improve a unique property to add to their holiday let portfolio. UTB’s Paul Delmonte was approached by Steve Walker at The Buy to Let Broker to discuss the case. Steve’s client had identified a property which […]
Specialist commercial finance broker, Xander Wealth Commercial Finance are elated to announce they have successfully completed a development finance facility for £2,368,980. Xander Wealth Commercial Finance are proud to have completed this development finance loan to their extremely professional standards. The Leeds based company are constantly looking further afield, successfully completing this deal for a project in Salford Quays, for […]
Affordable housing developer Pocket Living has secured a £19.3m debt facility with Pluto Finance, a leading provider of finance for property developers and investors, against its recently completed Addiscombe Grove asset in Croydon. This represents Pocket’s second funding partnership with Pluto Finance, which is a 12-month facility structured by LEXI Finance. This deal will accelerate […]
