Pitch 4 Finance has completed a business loan for a broker whose client was a UK company but the loan was for assets in a foreign country. This type of arrangement is unusual as due to the foreign nature of the assets most lenders will not consider lending on anything that has a UK structure […]
Aspen Bridging has completed two loans on one day for a client, in just 20 and seven days from application, after a collapsed sale threatened a developer’s next largescale project. Having originally applied for a £430k loan against a £675k three-bedroom end terrace, another £310k was required against a £465k two-bedroom flat on the same […]
Amor Homes Ltd has secured a £1.3m loan from specialist lender Assetz Capital (Assetz) to complete its luxury development in Cheshire. Having successfully built four luxurious homes in a semi-rural setting in South Cheshire the experienced developers are now exiting the development facility with Assetz through a £1.3m bridging loan. Although the building schedule had initially been disrupted at the start of the pandemic, the first boost to cashflow ensured that the project carried on throughout the various lockdowns. The scheme is providing high-quality family homes […]
Specialist property finance trade body, FIBA and Mortgage Business Expo (MBE) have announced a partnership which will mean that the FIBA Annual Conference will, in future, be held as part of MBE North at Manchester Central, the new northern venue for MBE. The first event takes place on March 22nd 2022. Mike Mikunda, director of MBE, […]
Arrow Global, a leading European investor and alternative asset manager in credit and real estate, today announces the launch of Bergen Finance, a new dedicated bridging loan business dedicated to the UK short-term real estate lending market. Bergen Finance will seek to take advantage of a market which has grown by over 400% since 2013 to over […]
Specialist Hub, the specialist finance broker, completes another complex bridging case with Roma Finance. Mr P and Mr S were looking to purchase a twenty bed HMO, located next to an unencumbered bed & breakfast establishment worth £3.5m, which they owned and ran. A major hotel group used the twenty bed HMO as a training […]
Brickflow, the UK’s first search engine for development finance, has partnered with site-finding platform Nimbus® Maps to give developers seamless and fast access to property opportunities and funding. With both digital platforms sharing the same objectives – to accelerate access to development finance and site information, plus deliver more property tech tools for a sector […]
Foundation Home Loans, the intermediary-only specialist lender, has launched a new ‘festive fixed rate special’ at just 3.04% for 5 years, for landlord borrowers. The five-year fixed-rate has a flat product fee of £1,995 and is available for both purchase and remortgage mortgage loans between £250k and £1m, for buy to let, limited company buy-to-let […]
A dilapidated engineering plant in Greater Manchester has been transformed into supported living accommodation thanks to a seven-figure loan from Unity Trust Bank. Unity’s funding has enabled Homelife Holdings to demolish the former Albion Works in Mottram Street, Stockport and replace it with 18 self-contained apartments called Castlewood Court. The four-storey building, built to energy-efficient […]
Scottish housebuilders are pressing their government to produce housing statistics more quickly in the wake of the latest stats showing a 35% fall in completion rates for 2020. They are frustrated it has taken the government nearly a year to produce data for 2020 revealing there were just 14,834 new homes completions for 2020 – […]
