Leumi UK, the London-based subsidiary of Israel’s leading international bank, has closed an eight-figure facility with property developer Rushbond Group to support the redevelopment of the10-acre former mill building Stonebridge Mills and surrounding land in Leeds. The development will provide 112 residential units comprising a mix of two, three and four-bedroom homes, 30 of whichare […]
Investment managers Downing LLP and Pollen Street Capital are pleased to announce a £24.3m co-funded deal, following the recently launched real estate funding partnership between the two businesses. Downing LLP and alternative investment manager Pollen Street Capital have committed £24.3m of development funding towards the construction of two purpose-built student apartment blocks in Canterbury, which […]
A series of major enhancements has been made to West One’s second charge mortgage range including the return of 85% loan-to-value for prime borrowers. Maximum loans sizes have also been increased across the entire range along with significant rate reductions of between 1% and 1.24% applied to the near prime Apex 2 products. LTV increases […]
Hampshire Trust Bank (HTB) Specialist Mortgages has widened their valuation panel with the appointment of VAS Panel to give additional support to brokers across their bridging offering. This partnership will provide HTB’s broker partners access to the VAS Panel database of qualified valuers. Louise Chapman, operations director of VAS Group, which incorporates VAS Panel, said […]
Acre Lane Capital has become the latest lender to join the Association of Short Term Lenders (ASTL). Acre Lane Capital offers development finance and bridging finance for a range of purposes, including light and heavy refurbishment, property investment, auction purchases, development exit loans and bridging out of receivership. Ian Wilson, CEO at Acre Lane Capital, […]
Multi-million-pound funds to kick-start the regeneration of derelict urban land across the West Midlands have created more than 3,700 new jobs and nearly 1.7 million square feet of commercial floor space. Latest figures show that 120 acres of former industrial (brownfield) land, the equivalent of around 80 football pitches, have been transformed into new offices, […]
United Trust Bank (UTB) has launched its new broker ‘Zoom Room’; A virtual meeting place for mortgage and property finance brokers to stay connected with UTB BDMs and underwriters. The UTB Zoom Room is open from 10am to 4pm on Monday to Friday and a UTB BDM or mandated underwriter will be online to talk […]
Specialist business property adviser, Christie & Co, has announced the sale of Inglenook Nursery School in Birmingham. Funding for the sale was sourced through Christie Finance. Inglenook Nursery School is a prominent, reputable day nursery with huge potential for growth under new management. The business sits in a converted residential property with significant playroom space […]
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has reduced rates on its five-year, fixed-rate, standard buy-to-let loans for a limited time. Zephyr’s new rates start at 3.19% for up to £1.5m for the five-year, fixed-rate standard buy-to-let mortgages for individuals and limited companies. As with all of Zephyr’s products, there is no upfront […]
#3rdGen lender, Octane Capital, today announced it has provided a £9m loan to facilitate the highly complex acquisition of a large mixed-use portfolio in Crystal Palace with over 60 different tenancies and 40 different titles. The mixed-use portfolio had been held and managed by the same owners for over 25 years and the sale involved […]
