Aim Listed Time Finance are delighted to announce they have appointed Ed Rimmer as interim chief executive officer with immediate effect. Ed re-joins the leading alternative financial services firm having previously served as chief operating officer at Time Finance until April 2020. He brings with him a wealth of experience having gained over 20 years’ […]
Portfolio management platform, Lendlord, has launched an online bridging lender for property investors. Available on the Lendlord platform, the automated lender will generate heads of terms, online applications and case tracking as part of a fully digital process. Bridging is available for any non-regulated purpose up to a maximum LTV of 75%. Lendlord users who […]
A former flax mill in Cleator, near Whitehaven which played a significant role in the development of rights for women workers following a strike by the female workforce in 1915, is to be given a new lease of life with help from a £500k business finance loan from Reward Finance Group in Manchester. Cleator Mills, […]
We are delighted to announce that DF Capital has successfully concluded a £40m fundraise supported by our existing and new shareholders through the issuance of new shares. Carl D’Ammassa, CEO, says: “This extra capital injection further unlocks our growth ambitions and enables us to focus on accelerating our business plan. We are looking forward to […]
Analysis of industry data by Mactavish, the specialist outsourced insurance buyer and claims resolution expert, reveals that 44,430 UK construction firms closed in 2020. This was 4.16% higher than in 2019, 18.42% higher than in 2018 and 21.54% more than in 2017. There were only 37,485 construction firms that launched in 2020, 26.2% lower than […]
United Trust Bank (UTB) has increased the maximum LTV available across their entire suite of regulated and non-regulated bridging loans to 70%. This includes property improvement loans for heavy refurbishment and conversion projects. Key features of UTB’s overall bridging offering include: Max 70% LTV Regulated and non-regulated lending 1st Charge Bridging rates from 0.48% pm […]
Paragon Bank research shows flexibility and quality of the relationship are the key drivers of satisfaction with an invoice finance provider for both SMEs and introducers. Paragon surveyed introducers and SMEs to explore what they want to see from the invoice finance market to drive satisfaction and encourage customer retention. Among introducers, 72% are very […]
Ingenious today announces that Ingenious Real Estate Finance has secured a £25m revolving credit facility from Shawbrook Bank, the specialist UK savings and lending bank, to support the growth of its development and bridging loan portfolio. The wider Ingenious Group was founded in 1998 and is one of the UK’s leading private alternative investors, having […]
Mortgage advisers expect no decrease in buy-to-let purchase activity once the Stamp Duty Land Tax (SDLT) holiday comes to an end, according to research by Pepper Money. In a recent survey of advisers active in buy-to-let, Pepper Money found 65% said they expect no decrease in purchase activity once the SDLT holiday ends, with 61% […]
Specialist business property adviser, Christie & Co, has announced the sale of Faringdon Lodge in Romford, Essex, to National Housing Group. Faringdon Lodge is a closed care home comprising 23 bedrooms, 14 of which have en suite facilities, on 0.343 acres of land. The site is located on a secondary road in Romford which consists […]
