Housebuilders are pressing for councils to be more flexible on material changes and completion dates given the current supply chain crisis. The National Federation of Builders, NFB, wants the government to issue a ministerial statement requiring local authorities to be more accommodating. NFB chief executive Richard Beresford said: “The government cannot magic up building materials, […]
Research by the nationwide buy-to-let specialist, Sequre Property Investment, has revealed that the tide of pandemic rental arrear woes that have impacted one in five landlords could be starting to turn, as the majority are now seeing a reduction in the level of late rental income owed to them. The survey of nearly 4,000 UK landlords […]
Financial services firm Together has announced its return to pre-pandemic lending levels as it reveals it full year results. The group, which provides secured loans for businesses and individuals and is based in Cheadle, Greater Manchester, today said lending in the second half of the financial year to 30 June 2021 was up nearly 131% […]
Investment managers Downing LLP and Pollen Street Capital are pleased to announce a further two deals worth almost £20m (£19.2m in net debt) for property developments in Birmingham, as part of the continuing real estate funding partnership between the two businesses. One of the developments will feature the construction of 80 new residential apartments in […]
Completions in central London are expected to hit a three-year high, with 5.5m sq ft scheduled for delivery by the end of this year, according to Savills research. Pre-lets accounted for more than a fifth of space acquired since the first lockdown in March last year. The property agent said central London requirements stood at […]
Hampshire Trust Bank (HTB), the specialist lender, has made a series of updates to its buy-to-let product range for lending up to £5m. Two year fixed rates start at 3.84% up to 65% LTV, 3.99% at up to 70% LTV and 4.09% up to 75% LTV. Five year fixed rates start at 3.99% up to […]
Specialist buy-to-let lender Landbay continues to make rate reductions across the board, this time on its Special Edition range, and includes the addition of two new green products. Within the refreshed Special Edition range the standard 70% LTV two-year fixed rate is set at 2.79%, down from 2.95%. The standard five-year fixed rate is 2.89%, […]
Essex House Builder Marden Homes Limited has secured a £17m loan from Shawbrook Bank to help complete a unique, luxury lakeside scheme at The Channels development in Chelmsford, Essex. The Developer turned to Shawbrook Bank midway through construction at The Lakes to secure the development finance required to help take the project through its final […]
Castle Trust Bank has cut rates and simplified its range of HMO and holiday let mortgages as part of a wider overhaul of the lender’s specialist buy-to-let offering. As part of the revamp, Castle Trust Bank has removed the loading on its HMO and holiday let mortgages, and cut rates, with prices now starting at […]
SoMo, one of the UK’s leading specialist lenders, has seen a series of record-breaking months across completions, offers and funding since the beginning of 2021. Based in Greater Manchester SoMo provides ultra-competitive rates for residential and commercial bridging loans secured over UK property. The company has lent over £184m under its ethos to lend money safely […]
25/08/2021
Edition 293 – July/August 2021
Who tends the flame? By Business Money group editor Robert Lefroy Interview:...
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