Hope Capital has announced it will be treating brokers and borrowers early this Christmas, by extending the availability of the revamped Seventies Collection products, until 2021. The two bridging loan products, the Hope 725 and Hope 75, were revised in October for a limited time only, however owing to the high demand, Hope Capital has […]
The latest independent SME Finance Monitor published today by BVA BDRC reveals that businesses are increasingly looking ahead to the future, with 42% of SMEs saying their plans were future-focused in the third quarter of 2020, compared with 25% who were still focused on the immediate impact of the pandemic. However, with uncertainty around how […]
One of the UK’s leading specialist lenders has announced a rebrand following a significant injection of capital investment as the business surpasses the £132m lending mark. SoMo – previously The BridgeCrowd – provides ultra-competitive rates for residential and commercial bridging loans secured over UK property. Rebranding to SoMo, which stands for ‘Social Money Limited’, is the […]
Trade Ledger, the global technology provider to the commercial banking and financial services industry, today announced that Bibby Financial Services (BFS), a global SME financier, has adopted the Trade Ledger origination platform to streamline customer onboarding and operational processes. Trade Ledger’s Lending-as-a-Service Platform allows funders to re-imagine business finance for the digital era, using cloud-native […]
Digital payments start-up Pomelo Pay has secured a £2.1m investment in a seed funding round led by Force Over Mass. The funding will enable the hardware-free digital payment service provider to grow its offering and continue to help businesses – from independent start-ups to multinationals – navigate the current economic climate by enabling them to […]
Specialist asset-based lender, BREAL Zeta CF has structured and delivered a flexible funding facility to support the successful Management Buy Out of Serocor, the award-winning resource management and contract recruitment group. The transaction enables the new management team, comprising David Wilson, Leon Howgill and Shaun Pope, to take control of the group and set a […]
Aldermore bank has strengthened its commercial mortgages team by appointing Joanna Winterton to the role of head of commercial mortgages south and Graham Ritchie to the role of head of commercial mortgages north. The two new positions were created after the head of commercial mortgages role was split into two to reinforce regional support for […]
First 4 Bridging (F4B) has appointed Erica Pearce as head of intermediary relations to further extend its intermediary reach. Erica will oversee F4B’s recently opened Manchester-based intermediary support centre and will also coordinate the sales team operating from F4B’s head office in Egham, Surrey. She joins the F4B team from Together and has worked in […]
Bridging applications hit their highest ever level in Q3 2020, and completions rose by more than 40% as the market bounced back from the impact of the first lockdown. This is according to the latest figures compiled by auditors from data provided by members of the Association of Short-Term Lenders. The data shows that applications […]
Pepper Money has made numerous enhancements to its Residential products, with rate reductions across the range, new criteria categories and improved LTVs. The specialist lender has cut rates across its Residential products and introduced new LTV categories at 65% and 70%, with the lowest 2-year fixed rate now available from as little as 2.98%. At […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
Sign up to our newsletter
