Aldermore has provided a £16.5m development finance loan to Citu for the next phase of its Kelham Central housing development in Kelham Island, Sheffield. The next phase of the development will be comprised of 68 additional low carbon homes, including a range of house types, plus two small commercial units. This marks the next chapter for […]
Allica Bank says it is looking to take on the high-street banks on rate as well as service, as it significantly reduces the rates on its commercial mortgages. The bank – which has seen strong demand in the first half of 2022 and is predicting £1bn of committed loan offers to established SMEs this year […]
Castle Trust Bank has launched a bridging proposition, supported by dedicated sales, underwriting and processing teams. The launch of its Bridging proposition will simplify Castle Trust Bank’s lending, which now includes separate ranges for bridging and buy-to-let. The bridging range, which is supported by dedicated sales, underwriting and processing teams, features specialist products for Heavy […]
Tuscan Capital, the short-term property finance specialist, has announced the relaunch of its Residential Bridging proposition with the addition of its new Fast Track process. It expects the enhancements to significantly speed up the application process for most bridging cases. Fast Track utilises a new valuation process, where an AVM is used to decide whether […]
Mercantile Trust has become the latest lender to join the Association of Short-Term Lenders (ASTL). Mercantile Trust is a specialist bridging and buy to let lender and part of the Norfolk Capital Group of companies, which has been providing financial solutions for more than 30 years. In bridging, Mercantile Trust offers loans up to £500k, […]
Pepper Money has launched a new offer to help buy -to-let customers understand the energy efficiency rating of their properties and how they could improve their rating. As part of its commitment to Environmental, Social, and Governance (ESG) driven lending, Pepper Money is offering customers who hold buy-to-let mortgages with the specialist lender in their […]
According to new research from Savills, 9% of the total residential pipeline coming forward in London in 2022 could be at risk of becoming industrial as land values for the sector continue to rise. This equates to the potential loss of circa 130,000 residential units in the capital, putting even greater pressure on constrained residential […]
Sirius Property Finance has launched a new funding line that is uniquely focused on supporting property developers. The specialist debt advisor has secured exclusive access to an innovative solution that can offer experienced developers a development exit to a term product at 80% LTV. The solution can provide developers with senior and mezzanine finance up […]
LendInvest, the UK’s leading asset manager for property finance, has made a series of updates to its buy-to-let lending criteria, including broader rules for HMOs and MUFBs to reflect in-house expertise. LendInvest has launched an HMO product for first time landlords, and will now offer rental yield based valuations on small HMOs in Article 4 […]
Aldermore has provided a £6.061m development finance loan to Whiteburn Viewforth Development Limited for phase one of a housing development in Kirkcaldy, Fife, Scotland. The development is a joint venture between Whiteburn Group and the Housing Growth Partnership (HGP). The site is the grounds of the former Viewforth High School located in the east of […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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