A client requiring a £1.75m capital release for a development in Battersea, having recently paid cash for a detached residential asset in Surrey, has been assisted by Aspen Bridging. The timing of the recent purchase caused issues at the legal stage, as the title deeds were outdated the charge could not be registered. Aspen’s senior […]
Landbay, one of the UK’s leading buy-to-let lenders, has today increased its loan to value (LTV) from 75% to 80% with the launch of two new buy-to-let products. These new products, available on standard properties, mean Landbay is now back at pre-lockdown LTV levels with very competitive interest rates. The new products are available on two […]
New order volumes in November grew at its fastest rate in six years with housebuilding a star performer, according to the UK purchasing managers’ index. The survey pointed to the strongest degree of business optimism across construction since January. Chartered Institute of Procurement and Supply group director Duncan Brock, said: “The sector is moving back […]
Pepper Money has given brokers greater control over the progress of their applications by enabling them to instruct their own valuations. This means that brokers can instruct valuations at any time in the process once their customer’s application has been assessed. So, if a broker is confident their customer’s documents will be verified, they can […]
Today, the MCI mortgage club has expanded its later life lending panel with the addition of more2life. As the sixth lender to join the MCI panel, more2life will give the club’s members access to a wider range of products for their customers. All of MCI’s later life lending panel is available for free through the […]
Specialist business property adviser, Christie & Co, has announced the sale of Swettenham Chemists in Llandudno, North Wales. Swettenham Chemists is a health centre pharmacy which dispenses, on average, over 18,000 items per month. It is housed within a single-storey, brick-built extension of the main Craig Y Don Medical Centre building in the coastal town of Llandudno, which is famed for its […]
Developer Southern Grove reveals today that it is expanding into the build-to-rent (BTR) and co-living sectors, eyeing significant opportunities even as the country fights its way out of the pandemic. The company sees huge promise in these sectors over the next decade, which is why it has chosen this moment to diversify by launching Evolution, […]
The latest MBT Affordability Index has found that the average maximum loan available to mortgage borrowers in November was £278,145, while the average minimum loan was just £133,166. This represents a startling difference of £144,979 between the average maximum loan and the average minimum loan available to customers, and this difference alone is more than […]
Masthaven Bank is pleased to announce that it has strengthened its leadership team and board with a number of new appointments as well as promotions to support its plans for 2021 and beyond. Among the senior appointments, Mark Record has been appointed to the newly created role of chief information officer (CIO) leading the Bank’s […]
It is with great sadness that the ASTL confirms the passing of its former CEO, Benson Hersch. Benson was CEO of the ASTL between 2012 and 2019, during which time annual bridging completions grew from £885m to more than £4bn and membership of the Association more than doubled. Under his tenure, the reputation of the […]
