Developer Southern Grove has secured planning permission for a £7m development of premium mews houses in north London. The scheme, called Powys Grove, will create nine family homes in the heart of Enfield on an infill site of the kind routinely overlooked by most developers. Southern Grove has been very vocal in advocating for better […]
Portfolio management platform, Lendlord, has launched an online bridging lender for property investors. Available on the Lendlord platform, the automated lender will generate heads of terms, online applications and case tracking as part of a fully digital process. Bridging is available for any non-regulated purpose up to a maximum LTV of 75%. Lendlord users who […]
A former flax mill in Cleator, near Whitehaven which played a significant role in the development of rights for women workers following a strike by the female workforce in 1915, is to be given a new lease of life with help from a £500k business finance loan from Reward Finance Group in Manchester. Cleator Mills, […]
United Trust Bank (UTB) has increased the maximum LTV available across their entire suite of regulated and non-regulated bridging loans to 70%. This includes property improvement loans for heavy refurbishment and conversion projects. Key features of UTB’s overall bridging offering include: Max 70% LTV Regulated and non-regulated lending 1st Charge Bridging rates from 0.48% pm […]
Ingenious today announces that Ingenious Real Estate Finance has secured a £25m revolving credit facility from Shawbrook Bank, the specialist UK savings and lending bank, to support the growth of its development and bridging loan portfolio. The wider Ingenious Group was founded in 1998 and is one of the UK’s leading private alternative investors, having […]
Mortgage advisers expect no decrease in buy-to-let purchase activity once the Stamp Duty Land Tax (SDLT) holiday comes to an end, according to research by Pepper Money. In a recent survey of advisers active in buy-to-let, Pepper Money found 65% said they expect no decrease in purchase activity once the SDLT holiday ends, with 61% […]
Specialist business property adviser, Christie & Co, has announced the sale of Faringdon Lodge in Romford, Essex, to National Housing Group. Faringdon Lodge is a closed care home comprising 23 bedrooms, 14 of which have en suite facilities, on 0.343 acres of land. The site is located on a secondary road in Romford which consists […]
The stamp duty holiday has restored housing transactions to the highest level since 2007. A new report by the Centre for Policy Studies looks at the effects of the measure introduced by the chancellor in response to the pandemic, and finds that after an initial sharp decline in sales between April-June 2020, the number of […]
Commercial property owners are missing out on £624m a year in lost tax relief but a specialist consultancy launched today will now help those affected pursue negligent accountants and recover their losses. Tax Recovery Services is the first company of its kind in the UK and will help clients seek redress where accountants have failed […]
Aspen Bridging has completed its first deal on its new 2021 ratecard, and in the process helped a developer complete an imminent stage payment on a second site before it fell through. Taking just 10 days from application to completion, the client required a £1.16m Development Exit facility secured against three newbuild detached homes in […]
