Castle Trust Bank has cut the rate on one of its most popular products, extended special offers and improved valuation criteria as part of a range of new year proposition enhancements. The specialist buy-to-let lender has cut the 5-year fixed rate with a 5-year ERC, up to 75% LTV, on its popular TermTen range by […]
Leading broker firm, Just Mortgages has doubled its number of area directors from 11 at the start of 2021, to 22. The rapid expansion has been essential to support the growing numbers in the self-employed team, which recently hit 400 brokers. Each director is responsible for approximately thirty self-employed brokers, and by having smaller groups, […]
Vengrove has completed the acquisition of two additional logistics assets for VRE Industrial Partners (VREIP), its UK value-add industrial and logistics strategy, in separate off-market transactions. The properties comprise a 130,000 sq ft distribution unit in Sheffield let to Kuehne+Nagel, which was acquired with a term certain of two years, and a 33,000 sq ft […]
Airlie Green Low Energy Homes Ltd, an eco-housing developer based in Perth, has secured a £1.16m development loan from specialist lender Assetz Capital. This follows the success of a previous loan provided by Assetz to the housing developer last year. Located in Alyth, a historic Perthshire village just of the A926, the new Airlie View Site will comprise […]
Landbay starts off the new year with a complete product refresh to simplify its buy-to-let mortgage range and has added new build homes into its green criteria. The specialist lender has made significant rate reductions from 0.14% to 0.29% with the lowest rate now set at 2.65% for a two-year fix at 65% LTV, down […]
JMT Finance Ltd (JMT), a unique commercial property finance lender, has added its criteria to the Knowledge Bank platform. Knowledge Bank is a multi-award winning mortgage criteria search system. It holds the full criteria of over 250 lenders and has over 130,000 individual pieces of criteria making it the largest database of its kind in […]
Slough Borough Council’s former high street contact centre is undergoing a £26m transformation after property developer Kings Oak Capital secured support from Shawbrook Bank. Landmark Place, which used to house the council’s MyCouncil customer drop-in centre, is being redeveloped into 89 apartments with work due to complete by the end of 2022. A mix of […]
Phoebus Software Limited (PSL) and Lendco have signed a four-year contract which will see the specialist lender onboard all new mortgage completions onto the latest Phoebus digital account servicing platform. Lendco’s existing book of buy-to-let mortgages, bridging and refurbishment loans will be migrated onto the Phoebus platform in Q1 2022. Using agile delivery methodology, the […]
Recognise Bank has announced the completion of a £2.3m bridging loan deal on an eco-housing development in Cambridgeshire. The Bank supported adviser Jason Caprioli, lending director at Kingswood Associates, by providing the funding for an experienced property developer. The bridging loan meant the client could refinance an existing acquisition loan in order to move on […]
The latest property market analysis by London lettings and estate agent, Benham and Reeves, reveals which Prime London markets have experienced the strongest growth in demand during Q4 2021. The PCL Homebuyer Demand Index by Benham and Reeves monitors demand for homes valued between £2-£10m and £10m and above based on the ratio of properties […]
