Roma Finance, the lender less ordinary, has enhanced its bridging and development criteria to support commercial and development offerings. The new criteria sees an increase of the LTV to 70% on semi-commercial bridging and 65% on commercial. In addition, second charge lending is now available to assist with purchases at up to 65% LTV of […]
LendInvest, the UK’s leading asset management platform for property finance, announces a £150m partnership with Barclays and HSBC to provide finance to property entrepreneurs around the UK and help the supply of new and upgraded, energy-efficient property. Barclays, one of the largest mortgage lenders in the UK, has partnered with LendInvest for the first time […]
Property group Savills has upgraded its forecasts for the UK’s prime housing markets to reflect the unique impact that the extended stamp duty holiday, availability of mortgage finance and repeated lockdowns have had on what affluent buyers are looking for from their homes. Momentum continues to build across prime regional markets The firm now expects […]
Selina Finance has today (Monday 16 August) launched a flexible second charge mortgage up to 80% LTV. The product has a headline rate of 5.70% with a maximum loan size of £1m and no early repayment charges (ERCs). The loan works as either a standard term loan or a credit facility with a flexible period […]
Pepper Money has launched limited edition residential and buy-to-let products, including its lowest ever buy-to-let rate. The Pepper 60 Buy-to-Let Limited Edition is available as a 5-year fixed rate up to 75% LTV, for just 3.13%. The product is available to customers borrowing in their own name or as a limited company and carries a […]
The 50th new home has now been completed on the once derelict site of the former Harvestime Bakery in Walsall with construction continuing despite the pandemic. The 88-home development by Vistry Partnerships has only been made possible by a £1.5m investment by the West Midlands Combined Authority (WMCA) which has been used to clean up […]
Housebuilders are being invited to bid for government funding to help deliver discounted first homes for locals and key workers across England. The government has earmarked £150m to support the roll-out of the scheme with a target of 1,500 new homes by March 2023. Housing Secretary Robert Jenrick said: “Homebuilders of all shapes and sizes […]
A £851,875 Rapid Desktop bridge completed in just five working days through Aspen has saved a developer’s next property purchase which had a 10% non-refundable deposit. Utilising their latest development as security, nine newly built residential two-bedroom flats in Merseyside with a value of £1,175,000, giving a LTV of 73%, a strict seven-day limit was […]
The number of new buyer enquiries slowed in July as the government’s stamp duty holiday begins to taper off – this according to the latest residential market survey released by RICS today (Thursday 12 August). New buyer enquiries shrank over the month, with a net balance of -9% of respondents seeing a fall, down from […]
Pent-up demand on hold in 2020 has returned with office take-up in the first half of this year nearly a quarter above the five-year average, according to Savills’ data. Demand is outstripping supply with a development pipeline equal to five months take up in an average year said the property agent. Commercial research director Steven […]
