A property investor seized the opportunity to buy the family seaside cottage where he spent his childhood holidays with a £557,000 short-term loan from Together. Mathew Rees, 41, was able to buy his “ideal” holiday home, in St Ives, Cornwall, which was previously owned by his parents and where he’d stayed during holidays since he […]
Landbay, one of the UK’s leading buy-to-let lenders, has today launched an innovative buy-to-let calculator that is unique to each specific Landbay product and client. This means intermediaries can advise their clients on the costs of taking out a Landbay buy-to-let mortgage with a greater deal of accuracy. The new innovative calculator is intuitive and […]
On the 24th February 2020, Property peer to peer lender The House Crowd appointed Frank Ofonagoro, Jeremy Woodside and Frank Wessely at business advisory firm Quantuma as joint administrators of the Altrincham-headquartered business, with consent from the FCA. The administration is not expected to have a material impact on investors/lenders. The joint administrators will continue […]
Castle Trust Bank has completed a £9.6m development exit loan, structuring a hybrid solution that combines a serviced loan and a bridge. The specialist lender worked together with Sirius Property Finance to complete the transaction which will enable the client to sell a proportion of the properties and retain the rest to let to tenants. […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has provided a £12.8m loan to an investment fund advised by Elevation Advisors LLP on behalf of an international pension fund, to assist with the acquisition of a purpose built 66-bed care home in Leek, Staffordshire. Funding has also been agreed for future acquisitions by […]
Mortgage Broker Tools (MBT) has launched a criteria search tool that enables brokers to quickly research exact criteria wording directly from nearly 100 lenders. MBT Criteria Search provides brokers with a free text search bar that allows them to research any criteria term from any number of lenders on the panel, which includes all lenders […]
Despite the continued challenges of the Covid-19 pandemic and its impact on funding rounds globally, Monument (or the “Bank”) has raised over £28m, significantly ahead of expectations and successfully completing one of the largest Series A funding rounds in fintech / banking of 2020 / 21, backed by a combination of new and existing experienced […]
Alternative Bridging Corporation has launched Development 90, a stretched senior loan for mid-size residential developments, providing 90% Loan to Cost on transparent, easy to understand terms. The lending process has been streamlined and unlike separate mezzanine structures, there is one valuation, one solicitor, one monitoring surveyor and one point of contact. Development 90 provides 90% […]
LendInvest, the UK’s leading platform for property finance, has selected it’s Strategic Partners for 2021 with 35 leading broker firms joining the programme. LendInvest’s Strategic Partners programme recognises key broker firms who submit a high level of consistent business to LendInvest, and provides a range of benefits as a result. Firms who are awarded Strategic […]
The Welsh government has published ‘Future Wales – the National Plan 2040’. In addition, Planning Policy Wales has been updated to align with its publication (now Edition 11) while TAN 8: Planning for Renewable Energy and the Wales Spatial Plan are revoked in full. Required by law under the Planning (Wales) Act 2015, the document has been […]
