Aspen has finalised its second multi-million-pound bridge in as many weeks, completing a £3,375,000 finish and development exit loan for five detached houses, three of which were part-finished, in Bedfordshire. With the build having been significantly delayed by Covid, the developer was reaching the end of their current facility with £400k of works remaining and […]
The buy-to-let division of West One Loans is continuing to grow at pace with yet more new products to meet increased demand in the market. The raft of new product changes, effective from today (June 23) includes two new five-year fixed rate products as well as reduced pricing across its standard and specialist product ranges. […]
Hope Capital has announced the appointment of Roz Cawood as director of sales. The recruitment of Roz is part of the company’s expansion strategy following an extremely successful year, with significant growth in enquiries and completions over the last 12 months. Roz joins Hope Capital from Masthaven Bank and in her new role will be […]
Continuing its run of recent rate reductions, buy-to-let lender Landbay, has trimmed its large HMO and MUFB range, by up to 0.2%. Landbay’s criteria for large houses in multiple occupation (HMOs) is from seven to 12 bedrooms and large multi-unit freehold blocks (MUFBs) is seven to 12 units. The competitive new rates are: Large HMO […]
Research from Build to Rent specialists, Ascend Properties, has revealed which areas of the English rental market have performed the strongest since the 2008/09 recession where the growth in average rental income is concerned. Ascend analysed rental market values during the last property market crash and found that the average rent in England fell from […]
The latest research by nationwide buy-to-let specialist, Sequre Property Investment, has found that there is some £1.3trn worth of housing stock within the private rental sector. Sequre’s analysis of stock rented either privately or via a job or a business found that despite declining from a high of 4,832,000 in 2016, there are still some […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has reduced rates across its entire 65% LTV product range by up to 25bps following a highly successful initial launch period through carefully selected distribution channels. Rates now start from 2.99% on the lenders five-year fixed rate buy-to-let product range (up to 65% LTV) and from 3.04% on […]
Research by Astons, the international experts on real estate, residency and citizenship through investment, has taken a look at the Portuguese property market and how it has fared during the pandemic as it remains a popular choice for citizenship and residency investment. Since the first reported case of Covid in March 2020, property prices across […]
Brickflow, the UK’s first search engine for development finance, has partnered with site feasibility specialists, MASS Reports, to give property developers seamless and fast access to planning reports and funding. Both digital platforms have the same objectives: Brickflow to connect borrowers and lenders in seconds, addressing widely-reported funding access issues; MASS Reports to ensure developers […]
Specialist buy-to-let lender, Landbay, has today launched its first green mortgage range. All green products offer a 0.1% or 0.05% reduction against their non-green counterparts, depending on the property’s energy rating. By lowering rates in accordance with property EPC ratings, Landbay hopes to incentivise energy efficient rental properties as an attractive option for landlords. Examples […]
