Key members of the London Belgravia Group have set up their own insurance and financial advisory firm, J3 Advisory. Jack Bristow, Johnny Leadsom and James Mole, all well-known names in the latent defect insurance and property finance markets have gone it alone launching as J3 Advisory. The firm aims to bring together the property insurance […]
Recognise Bank has announced the completion of a £1.75m Professional Buy-to-Let (PBTL) deal for a PDR (Permitted Development Rights) scheme in Harrogate, North Yorkshire, the latest deal since the bank launched its new PBTL proposition earlier this month. The deal was for the refinancing of an existing bridging loan on a portfolio of residential units […]
Fiduciam has provided a £3.2m permitted development facility helping an innovative developer complete a unique custom build development. The 24-month facility refinanced the borrower’s existing debt and offered flexible funding options to help the developer complete the scheme in line with his changing sale strategy. The property consists of five terraced custom-build shell houses in […]
Hodge has made further reductions on its holiday let mortgages, by reducing the five-year fixed 75% LTV product by 0.20%. This rate reduction will bring the fee-paying option of the five-year fixed from 3.95% to 3.75% and the non-fee option from 4.1% to 3.9%. This latest rate drop comes after the intermediary-only lender also reduced […]
West One Loans’ buy-to-let division has announced a range of product and criteria changes, including reduced rates on its new Green product range and new Limited Edition loans. Taking effect from today, the key changes include reduced rates on two and five-year fixed rate loans in the Green product range. At 65% LTV, rates now […]
The alternative finance sourcing system, Pitch 4 Finance, has created a business development service for brokers once they have completed on a mortgage transaction. Post completion, brokers are provided with a referral sheet for business development ideas across all the touch points within that deal. Buy-to-let portfolio landlords will have other properties in the background […]
Buzz Capital has become the latest lender to join the Association of Short Term Lenders (ASTL). Brighton-based, Buzz Capital provides simple, straightforward bridging finance up to 75% LTV for a range of purposes, including purchase, refinance and refurbishment of residential or semi-commercial property; commercial to residential conversions and development exits, as well as bespoke financial […]
The panel at finova Payment & Mortgage Services has been enhanced with the addition of BuildLoan, the UK’s largest self and custom build mortgage distributor. This opens up even more choice to finova’s club members who now have access to self and custom build mortgages including renovations, conversions, knockdown rebuilds and extensions. BuildLoan provides intermediaries […]
Recognise Bank has announced the completion of a £5m Professional buy-to-let (PBTL) refinance deal on a large portfolio of properties, following the launch of its new PBTL proposition earlier this month. The bank completed the funding for a family-owned property investment company to refinance its portfolio of over 100 properties in the Manchester area. Despite […]
Brightstar Financial has announced a special ‘DIP in a Day’ event in partnership with Allica Bank on Monday 29 November. The event will feature an onsite underwriter from Allica Bank who will be dedicated to assessing commercial and semi-commercial cases submitted that day. Allica Bank has committed to delivering a same-day Decision In Principle (DIP) […]
