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 […]
Independent business lender White Oak has announced record monthly lending figures in March, with £70m lending provided to 724 SMEs across the country, including £58m provided from its own book. 31 March was White Oak’s highest day of lending ever with £9m lent from its own book. The record month capped off a strong Q1 […]
Bridging lender, London Credit has launched a free CPD-accredited online training event for brokers on the differences between regulated and unregulated lending. The seminar, which features Ray Cohen, director at Jackson Cohen Associates, will help brokers to understand which loans are regulated, which are unregulated and which are exempt. It will explain why the difference […]
London Central Portfolio (LCP) issues its first lettings report for 2021 showing early signs of a recovery in the prime London market.This report analyses the performance of rental units in LCP’s managed portfolio. Marylebone and Pimlico were the ‘hotspots’ in Q1 2021 with over half of new applicants wanting to move to these areas. Only […]
United Trust Bank (UTB) has appointed Paul De Croos as head of originations – property development. Paul, who joins UTB from the Bank of London and the Middle East (BLME), has taken over the role from Adam Bovingdon who was recently appointed head of property development following Noel Meredith’s retirement in March this year. Paul […]
#3rdgen lender, Octane Capital, today announced that Q1 2021 was its biggest quarter ever for completions, with £92m loaned — an increase of 121% on the fourth quarter of 2020. The completions were balanced evenly across all four of the lender’s categories: ‘product-less’ refurbs, bridging and developer exit loans, and its unique ‘zero stress-tested’ medium-term buy-to-let products. Highlighting the level […]
Aldermore bank has provided a £6.4m property development loan to returning customer, McIver Homes, an independent housebuilder and build-to-rent developer in the North East of England. The loan will finance the development of its Timber Quays site in Newcastle upon Tyne. Plans for the site consists of a new build seven storey property featuring 51 […]
The popular wordsmith – who created the fictional detective characters of Hercule Poirot and Miss Marple – bought Winterbrook House in Wallingford, Oxfordshire, with her archaeologist husband Max Mallowan in 1934. She lived in the now Grade II listed property until her death in 1976 and is believed to have written many of her most famous […]
First 4 Bridging (F4B) has partnered with Roma Finance to offer its introducers and intermediary partners access to a semi-exclusive bridging loan. Rates start from 0.65% up to a maximum LTV of 75% and a reduced arrangement fee of 1.85%. It is available for residential and refinance purposes, has a term of up to 24 […]
Tricky development sites are to get access to funding for site preparation and infrastructure with the launch of the £75m brownfield land release scheme today. The money includes £25m allocated to fund self and custom build projects which can be on both brown and greenfield land. Right to Build Task Force acting head Mary […]
