Market-leading bridging loan firm, SoMo, has achieved a 30% increase in its client base, in part down to a surprising change to its borrower profile for its most popular loan product, Valuation Only, which lends against the value of the property, not the borrower’s profile. SoMo has been providing Valuation Only loans for eight years […]
Birmingham, Bristol and Leicester are seeing the fastest growth in buy-to-let investment according to figures released today. The figures, released by landlord insurance provider Simply Business, revealed Birmingham, Bristol and Leicester top the list for the most attractive cities for landlords looking to invest in 2022. The analysis of over 150,000 landlord insurance policies found investment […]
2021 ended strongly on EstateGuru’s platform. All operating countries exceeded their business targets and the total funded amount for the year was €203m, a 69% increase when compared to 2020 (€120m). Current assets under management (AUM) amounted to €220.3m as of the end of 2021. Additionally, revenues were 7.1m in 2021, an increase of 58% […]
British Business Investments today announces it has committed £15m to Roma Finance, a North West based independent lender which specialises in property finance. This investment from British Business Investments will help increase access to finance for smaller scale housing developers. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to increase […]
Pluto Finance has announced a total of £158m of funding over the last six-weeks. Completing a total of £61m of stretched development loans across Brent, Essex and East Sussex, Pluto’s Stretched Development funding is now back to a maximum of 90% LTC / 75% LTV. A further £22m of Senior Development funding was agreed for […]
Specialist asset-based lender Ultimate Finance is today reporting significant growth in its bridging finance book on the back of the expansion of its bridging proposition over the last 18 months. The strong performance saw it lend over £80m in this period and reach its highest ever loan book in 2021 as it looks to increase […]
Bricks and roof tiles are in short supply with demand outstripping supply against a backdrop of rising inflation, the Construction Leadership Council, CLC, has warned. Imports of bricks from the EU and globally are set to continue until three new UK brickmaking plants come on stream next year and in 2024. The new factories are […]
A historic Brentwood country estate once used by Sir Winston Churchill as a weekend retreat is undergoing a £27m transformation into a new luxury development. Investment group Propiteer Ltd is developing 39 homes across the 72-acre Brizes Park site, with the scheme set to complete in August 2022. The estate was most recently used as […]
MBT Affordability announces that its partnership with leading estate agency and property services provider Connells Group will be extended to all Countrywide advisers, supporting them in researching the most suitable solution for their clients. MBT Affordability is already available to various Connells Group subsidiaries and Dynamo and is directly integrated into the Connells point of […]
Pepper Money today launches its second charge mortgage proposition following the completion of its integration with Optimum Credit. Under the integration, the Optimum Credit brand is retired, and its operations will continue under the Pepper Money brand, with the support and resources of the wider group. Pepper Money’s goal is simple – to become the […]
