Commercial Expert Ltd and Shawbrook Bank have completed a £337,500 commercial loan for a Northeast Property Investor looking to expand their extensive property portfolio. The deal was referred to Commercial Expert from Suzanna So at Secure Commercial Finance after the client had been declined by another lender during the legal stage due to the property […]
Barclays Mortgages has announced the launch of the Barclays Green Home Buy-to-Let Mortgage, available to existing and would be landlords from Friday 21 January 2022. The Barclays Green Home Buy-to-Let Mortgage will reward customers looking to buy to let – who choose to buy an energy efficient new build home – with lower interest rates […]
Mortgage Broker Tools has launched a major upgrade to its Affordability research platform with the introduction of bespoke calculations for borrowers earning income through the Construction Industry Scheme (CIS) and umbrella companies as well as buyers who want to take advantage of the growing number of Joint Borrower Sole Proprietor (JBSP) products. The upgrade means […]
Aspen Bridging has completed five drawdowns on five different products in just one day, all with a combined total value of £3.4m. The feat, which was achieved on Friday 14 January, includes a £1.575m Marshall Island-based corporate newbuild apartment purchase, a £889k foreign national newbuild apartment purchase, £347k and £315k Light Development projects and a […]
Market analysis by real estate debt advisory specialists, Sirius Property Finance, reveals that the Uk’s commercial property sector has demonstrated an impressive bounce back in the last year, with even the supposedly struggling retail and office sectors showing strong signs of recovery. In 2021, the UK commercial property sector completed 2,789 sales transactions, up 3% […]
Average UK rents increased for the fifth consecutive quarter during Q4 2021 according to The Deposit Protection Service (The DPS), as pressure on the supply of rental properties during the pandemic continues. The UK’s largest protector of deposits said average rents reached £834 during the final three months of 2021, an increase of £16 (1.96%) […]
Hodge has seen a 173% increase in the number of holiday let mortgage applications in 2021 compared with 2020, according to new figures. The new data also found the average holiday let property mortgaged by Hodge has also increased year on year by £50,000 and now sits at £404,000. Coastal locations are still the most […]
Pepper Money has made several improvements to its buy-to-let criteria, including reducing minimum income requirements to £15,000 for existing landlords, and lifting some restrictions around limited companies. The specialist lender has also introduced additional changes to make its buy-to-let proposition accessible to a broader group of customers. These include allowing gifted deposits, reducing the required […]
Artificial intelligence should be harnessed to work out biodiversity net gain for sites of 50 homes or less, urges the National Federation of Builders, NFB. The call follows the government’s consultation released today on restoring ecological loss during housing construction and delivering a ten per cent boost on biodiversity post-development. NFB head of housing and […]
Fiduciam, the market place lender specialising in short-term and development loans, has secured £400m of new funding to be deployed in 2022. As a result, it will expand its operations and lower interest rates. Its interest rates now start at just 0.55% per month for bridging loans, 0.57% per month for permitted development and conversion […]
