United Trust Bank (UTB) has agreed to refinance a £2.7m high quality apartment scheme by Clearview Developments by providing a £1.8m Sales Period Loan. Martin Cameron in UTB’s Structured Finance team was approached by Sam Le Pard of specialist real estate finance advisory firm LEXI Finance when the original lender declined a request to extend […]
Specialist lender Reditum Lending has provided Allanvale Land Investments with a bridging loan of £10.8m for a major residential and commercial development in South Ayrshire, Scotland. Located at Corton, the 125-acre land plot valued at £18m and forms the majority of a two-part masterplan with outline planning permission in place for 750 new homes. Allanvale […]
Specialist short term lender, Hope Capital, has today launched the Eighties Collection, which comprises two new bridging loan products. This includes the Hope 80 and the Hope 84 which are highly competitive bridging loans, designed for mixed-use property. The Eighties Collection follows the launch of the Seventies Collection in September 2020 which has been well […]
Funding Xchange analysis suggests that half of the 1.4 million Bounce Back loans made will be unaffordable despite the announcement by the chancellor that the repayment period has been extended to 10 years from the initial six. Funding Xchange is the leading, government approved online referrals platform for businesses looking for alternative finance when their […]
Leading multi-faceted valuation market specialists, VAS Group has promoted Daniel Owen-Parr to managing director for VAS Audit. Owen-Parr, who will also continue his role as commercial director across other VAS Group divisions, joined the business back in November 2019 and has successfully enhanced relationships with existing clients as well as onboarding new lenders in both […]
Bridging lender, London Credit has relaunched its auction finance product that enables property investors to access the booming property auctions market. With London Credit’s auction finance product, an offer can be issued prior to the auction so that a potential buyer has surety of funds should their bid be successful. Loans are available from £100k […]
LendInvest, the UK’s leading platform for property finance, has made a host of important changes to its buy-to-let suite, including rate reductions, the introduction of higher LTV products; and an increase in maximum loan sizes. LendInvest has reduced rates across its standard BTL range, with its 80% LTV product now available at 3.89%. The lender […]
Forward Advances, a UK revenue-based financing solution for e-commerce and SaaS businesses, has partnered with Salt Edge, a leader in offering open banking solutions, to get instant access to aggregated bank data that allows them to make better lending decisions. The Covid-19 pandemic rapidly changed consumer behavior to digital channels and the shifts are likely […]
Global expenses app, ExpenseOnDemand, has published new data highlighting how UK businesses are more optimistic about 2021 being a positive year for business compared to the rest of Europe. 82% of UK business leaders are feeling positive that the year will see an improvement compared to only 69% of their EU counterparts. The data also […]
A Manchester-based healthcare investment company has completed its latest acquisition of a specialist mental healthcare services operator in its buy, build and hold strategy as it aims to become one of the largest specialist healthcare investors in the UK. Tristone Healthcare, which is aiming for £35m revenues in the next 18 months, has acquired Procare […]
