Alternative Bridging Corporation has provided a second charge loan to secure the purchase of land in order to build a new 100-bed Travelodge hotel. The loan provided the capital required for the client, Burney Group, to purchase an existing retail site and parking area next to Ipswich Town Football Club, less than a mile from […]
Debenhams Ottaway has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Debenhams Ottaway is a multi-service law firm that works with businesses, individuals and families in Hertfordshire, London and across the UK, helping them make the most of new possibilities or deal with unexpected challenges […]
A £1.8m funding package from Unity Trust Bank will help breathe new life into a unique public space in East London with the improvement and creation of new affordable business units and employment opportunities. Hackney Cooperative Developments CIC (HCD), a local community development organisation, is using the loans from Unity Trust Bank, Trust for London, […]
New research from Masthaven Bank has found that the pandemic has fuelled an increase in customers looking for bridging products, as awareness of bridging finance continues to grow. The survey of 140 brokers found that seven in ten (71%) say that awareness of bridging finance is growing across the market. Over half (51%) say that […]
A webinar poll conducted by CHL Mortgages, the intermediary-only specialist buy-to-let lender, suggested that an overwhelming 96% of brokers expect to write more limited company business in 2022. Only 4% thought that they would write less. These responses emerged during a Lender Spotlight session – held in conjunction with Knowledge Bank – based on the […]
Fiduciam, the institutionally funded short-term lender, has been accredited by the British Business Bank as a lender under the government’s Recovery Loan Scheme (RLS). The Recovery Loan Scheme is designed to support access to finance for UK businesses as they recover and grow following the pandemic, Fiduciam was also accredited under the Coronavirus Business Interruption […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has announced a number of new products as part of a range redesign aimed at supporting greater energy efficiency in the UK private rental sector. Zephyr said its new EPC Deal products offer reduced rates of 10 basis points (bps) for standard properties, as well […]
Investment turnover for Central London real estate is on course to top pre-pandemic levels by the end of this year, Savills reports. The international real estate agent predicts that £5.35bn of transactions will complete during the final three months of 2021, the culmination of a year that has seen increasing transaction momentum in the UK capital. If the quarter rounds out […]
LendInvest, the UK’s leading asset manager for property finance, has announced a range of key changes to its bridging suite, as time taken to process a case from application to completion through its new bridging portal drops to as little as 14 days. LendInvest is now seeing over 50% of new enquiries and applications being […]
Alternative Bridging Corporation working with Clever Commercial Finance has completed a £2.6m loan to fund the purchase of a shopping centre in Lancashire. It was a particularly complicated loan with a number of problems to resolve including down-valuation, numerous leases and licenses, some of which had expired, and unilateral notices which needed to be removed. […]
