Fiduciam, the short-term and marketplace lender, has completed a €10m loan to enable a developer to refinance its banking debt and fund the balance of construction costs. The original funding for the three-block residential development came through a Spanish bank. Around the start of the Covid-19 pandemic in March 2020, the bank suddenly increased its […]
A successful property investor, trading as Brookland Group, has secured a seven-figure funding package from Cambridge & Counties Bank to help finance the acquisition of The Portergate office complex in Sheffield. Directors Simon Dawson, an experienced property investor, and Mike Taplin, a specialist solicitor with the firm Gunnercooke in the East Midlands area, have worked […]
Since its launch in early 2017, a significant 82% of foreign nationals investing in UK property through specialist lender, Octane Capital, have been based in Asia or the Middle East, with just 18% located in the EU. In 2020 and 2021, potentially reflecting the impact of Brexit and our formal departure from the European Union, […]
BuildLoan has extended its distribution by joining the lending panel of SimplyBiz Mortgages, one of the largest mortgage clubs in the UK. Specialising in residential mortgages for self-build, custom build, renovations, conversions and home improvements, BuildLoan works exclusively with brokers to ensure they have a full understanding of their clients’ project funding requirements. BuildLoan provides […]
Together has provided finance for Fluent Money Group’s first short-term loan following its launch into the bridging market. The established specialist broker created Fluent Bridging under managing director John Hardman last month, to provide more options for borrowers seeking fast and flexible short-term finance from its panel of experienced lenders. And Together, one of the […]
Smaller builders could benefit from a £150m ‘help to build’ fund to make it easier for people to commission a bespoke home. The government initiative is aimed at creating a level playing field between first-time buyers of newly built homes, who benefit from ‘help to buy’, and those who want to build their own home. […]
Aspen made light work of a trio of complex legal issues to complete a £1.3m bridge against a heavy refurbishment project in Knightsbridge. The 75% LTV deal on the two-bedroom apartment with roof terrace was completed at on a Stepped Rate of 0.49% on a 10-month term with 100% funding of works in arrears for […]
Portfolio management platform, Lendlord, has launched an integration with the accounting software, Xero. The new integration will allow Lendlord users to link their Xero account with their Lendlord account, enabling the automatic transfer of information about transactions so that landlords can accurately track the cashflow of their property investment. This feature is a complementary solution […]
Homes in London’s commuter belt are proving so popular that national developer MCR Property Group has seen asking prices of its properties shoot up by nearly 13% in a year, the company reveals today. Demand in areas within striking distance of the capital has risen so quickly that a shift in buyer behaviour sparked by […]
The top lender for affordability is not one of the top 10 lenders in 73% of cases, according to data from Mortgage Broker Tools (MBT). Analysis of data taken from thousands of cases processed through MBT Affordability found that the best option for customers who want to maximise their affordability is from a lender outside […]
