Specialist lender Spring Finance has today announced the launch of its bridging pilot scheme. With an offering of regulated, non-regulated, first charge, second charge and refurbishment products, the pilot is being run with some of the industry’s leading intermediaries ahead of a full launch later in Q2. Spring has made some important hires in recent […]
Hodge has launched a new Commercial Investment Finance product aimed at experienced property investors who invest in a mix of commercial buildings. This new finance product is designed to help serially active, proven investors buy, manage, refinance or add value to commercial real estate assets such as office buildings, industrial, retail, leisure and mixed-use buildings. […]
Funding 365 has completed two 75% LTV stepped rate bridging loans with a combined value of £4.75m to refinance 20 newly developed flats in London and Surrey. Both loans were provided at a rate of 0.55% per month for the first 6 months, stepping up to 1.12% for the remaining 6 months – with no […]
Wates Group, one of the UK’s largest family-owned built environment, residential development and property services companies, has secured a £90m sustainability-linked loan (SLL) from a three-bank syndicate led by Lloyds Bank. The facility, for which Lloyds Bank also acted as the Sole ESG Coordinator, will help Wates achieve its ESG objectives and see it work […]
Research by leading rental portal, Rentd, has revealed that the London rental market has seen a quarterly increase in rental demand in Q1, as tenants return to the capital in 2022. The research by Rentd looks at the hottest spots of the London rental market based on the proportion of total rental stock currently available […]
A £3,637,500 bridge at 75% LTV from Aspen has enabled a developer to secure a desirable investment property in Henley-on-Thames. The 4,000 square feet, five-bed house, which is set within three acres, has views over the Thames and comes with boathouse, tennis court and swimming pool, was in very high demand meaning a quick completion […]
Hodge is making changes to its Residential Development loans to incorporate lending on the alternative residential asset class, including student accommodation and retirement living. The change comes in response to demand from its clients and brokers seeking funding in this asset class. Having been more tightly focused on pure residential development during the past two […]
In order to satisfy demand, and against a backdrop of limited new supply in some of the Big 6 cities (Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester), Savills believes refurbishment will be a key focus of the UK regional office market in the year ahead. The firm’s research sets out the development pipeline for brand […]
Specialist lender, West One Loans has successfully completed a £2.9m, complex buy-to-let loan. Working with a landlord who already had outstanding mortgage balances of £7.3m, West One provided finance to purchase five standard residential properties and three houses in multiple occupancy (HMO) properties. The eight properties were owned in the borrower’s personal name and the […]
Leading self and custom build mortgage distributor BuildLoan, has launched a new product range with Darlington Building Society, offering mortgages up to £1.5m. The products offer clients wanting to build their own home, either independently or on one of a growing number of custom build sites, up to 85% of their project costs. Loans are […]
