First 4 Bridging (F4B) has announced the launch of a semi-exclusive buy-to-let (BTL) product with Castle Trust Bank. The BTL product has a five-year term with a two-year ERC at a rate of 4.5%. It has a maximum LTV of 75% and an arrangement fee of 2%. It is available to first-time landlords and portfolio […]
Record low transaction volumes in prime central London in 2020 at under 60 per week on average The Prime Central London (PCL) residential property market in 2020 experienced the lowest volume of annual sales transactions on record. Recently released sales data from HM Land Registry, analysed by London Central Portfolio, suggests that in PCL: Only […]
CHL Mortgages has announced their return to lending as an intermediary-only specialist buy-to-let lender. CHL Mortgages has appointed Matt Kimber as managing director for its lending business. Kimber has been with the business for 5 years, most recently as chief operating officer. Kimber will be joined by Ross Turrell as commercial director, who will head […]
Leading broker firm Just Mortgages has recorded incredible annual growth in 2020, with lending figures increasing by 59% to £3.5bn and profits up by 20%. Despite an enforced break due to the pandemic, the combined turnover of the self-employed and employed broker divisions increased by 52% to £41m, up from £27m in 2019. Just Mortgages […]
Pitch 4 Finance has received £66.8m worth of enquiries in its first two weeks since launching to brokers, with the high volume of cases providing a snapshot of the current commercial lending market. Data from the platform shows that 40% of applications for lending on property were for new purchases, while 60% were for refinance. […]
Specialist Financial Services Ltd, is delighted to be appointed as a packager for Roma Finance. The company, whose specialist lending portfolio includes commercial and semi-commercial, regulated and unregulated bridging, development, specialist buy-to-let and residential first and second secured loans have over 30 years-experience in the specialist finance market. They provide specialist financial products for mortgage […]
Impact Lending, the new financial arm of Impact Capital Group, has provided finance to Archerfield Homes from its sustainable loans range to support the acquisition and development of the Friars View housing project in Suffolk. Impact Capital Group’s involvement in the Friars View scheme ranges from financing the acquisition of the site through to the […]
Office supply in the UK’s key regional markets has fallen 35% since 2009, according to new analysis. Combined with stable rents and low office vacancy rates, this supports the case for investing in top regional office assets, says Savills. Although this fall in office space has been primarily caused by limited development activity, conversion of […]
One year on from the beginning of the pandemic, London’s reversal of fortunes in the rental market continues, with room rents now down significantly for the fourth consecutive quarter. In fact, average London room rents dropped by 8%, from £771 in Q1 2020 to £706 in Q1 2021. According to new figures released by SpareRoom, […]
United Trust Bank (UTB) has financed the acquisition of two light industrial premises as part of a site assembly plan by Apex Capital Partners which could lead to the creation of 156 new apartments in a sought after area of South London. Apex Capital Partners (Apex) is a private equity real estate manager founded in […]
