Hope Capital has revealed that the 2021/22 Financial Year marked its strongest year in its 10-year history. The specialist short-term lender has announced total completions from FY 2020/21 to 2021/22 grew by 107% and there was nearly a 50% increase in AIPs, showing there was a significant increase in conversion rates. Throughout 2021, Hope Capital […]
The construction industry is waiting with bated breath to see if Stuart Andrew – the eleventh new housing minister in 12 years – will embrace SMEs as a vital tool for building more homes. Deputy chief whip Stuart Andrew, who grew up on a North Wales council estate, assumed the role yesterday in the prime […]
West One Loans, one of the UK’s largest non-bank lenders, has turned around a development finance loan in just seven days. This quick response ensured that the client’s purchase of land was ready to complete on the contractual date set with the vendor. The speed of this completion is extremely rare in the market and […]
Assetz Capital has delivered three bridging loans totalling £1m, enabling an SME property investor to conclude three purchases of property in London. Specialising in hospitality, the borrower had its core business disrupted by Covid-19, so took the opportunity to pivot its strategy and invest in smaller property projects. After identifying three properties in London, the […]
Mortgage Business Expo’s Northern Event, MBE North, whose next event takes place on 22 March at its new home at Manchester Central, has announced that demand for exhibitor stands has been particularly positive. Over 40 firms have so far confirmed their attendance with another 20 due to make final decisions to attend over the next […]
Research from specialist property lending experts, Octane Capital, has revealed which areas of the British rental market are driving growth in rental stock availability, as well as the areas where tenants have seen availability decline. Despite the government’s attempts to deter buy-to-let investment, previous research by Octane Capital found that the total value of the […]
A new Development Exit & Refurbishment product, with up to 80% LTV for experienced developers with clean credit, is one of several key changes to Aspen Bridging’s new 2022 rates and product card. The 80% LTV offering is priced at 0.79% pm flat rate and from 0.39% on the lender’s stepped rate for loans between […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has been added to Brilliant Solutions’ lending panel. This partnership will provide Brilliant Solutions’ membership of directly authorised (DA) brokers with access to CHL’s extensive specialist buy-to-let product range. This is available to first-time landlords, portfolio landlords and limited companies covering a variety of BTL investment vehicles including […]
Funding 365 has completed a £7.2m 75% LTV development exit loan at a rate of 0.69% per month to provide time for its developer borrower to sell their 50 new apartments in Peterborough. The 9-month facility, introduced by Pilot Fish, enabled the borrower to exit the development funding lines which were secured against their one- […]
Roma Finance, the lender less ordinary, has cut rates and enhanced criteria across the product range. The product ranges have been simplified. Rates for standard residential bridging and auction have been reduced and now start from 0.59% per month with no exit fee on loans from £75k to £3m and a maximum LTV of 75%. […]
