Market leading bridging loan firm SoMo has announced an early Black Friday weekend that will give borrowers a 90% refund on valuation costs over a 24-hour period. To qualify, deals must be locked in and paid for before midnight on Sunday 21 November and SoMo Family members get exclusive access from Thursday 18 November. With […]
Research by real estate debt advisory specialists, Sirius Property Finance, has revealed how the pandemic halved the profits taken by the nation’s biggest housebuilders and while positive signs have been seen since, the industry is yet to completely recover. Sirius Property Finance analysed the pre-tax profits of the nation’s 12 largest housebuilders and found that […]
Gatehouse Bank has today expanded its buy-to-let product range for international investors to include Multi-Unit Freehold Blocks (MUFBs) once again. The reinstatement follows a review of the Bank’s home finance range and means that there are now an additional eight products available through Gatehouse for international investors. Four of the new products are available to […]
The latest ASTL data shows the bridging market continuing to deliver strong, sustainable growth in Q3 2021, with applications and loan books both higher than in Q2, while the value of loans in default has fallen for the third consecutive quarter. The figures, compiled by auditors from data provided by members of the Association of […]
Specialist Finance Centre (SFC), the second charge and specialist finance packager, has announced the launch of its proposition into Scotland as it continues its ambitious expansion strategy. SFC Scotland will be based in Glasgow and is headed up by Allan Smith. Allan has extensive experience in the development and bridging finance sectors having previously worked […]
A challenger bank based in Warrington has helped secure the future of a new housing community in the town centre. Redwood Bank has assisted Buttermarket Properties with the development of its latest £1.6m project by building a package around a £1,050,000 loan. The project saw the transformation of the former RBS building into dazzling new […]
Hope Capital has today announced it has extended a number of its bridging finance products to enhance its competitive offering in Scotland. This includes increasing the maximum loan amount from £1m to £5m and significantly reducing rates by up to 26%. Hope Capital’s general rates available in Scotland have also been revamped, so they are […]
New analysis from criteria search specialists, Knowledge Bank has found brokers are working with a significant number of borrowers who have recently started a new role. With an estimated 1.32m people re-joining the jobs market in October as a result of the end of the furlough scheme, brokers in the residential arena were searching for […]
Research by nationwide buy-to-let specialist, Sequre Property Investment, has revealed which major cities are home to the largest level of high yield rental homes, as well as which property type presents the best opportunity for a robust buy-to-let return. Sequre Property Investment analysed current market stock looking at the level of high yield investment opportunities […]
The prime central London residential market is expected to experience the strongest house price growth across all UK markets over the next five years, as the return of affluent domestic and international buyers to the city gathers momentum. Savills expects +8% price growth in 2022, and +23.9% growth in the five-years to 2026. “After seven […]
