CBI Northern Ireland has published a new report proposing a shake-up of major planning processes. With a particular emphasis on projects of regional significance, the report sets out a series of recommendations to both streamline the planning process and establish a new framework for more effective delivery of strategic infrastructure projects in the longer term. […]
The sustainable building solutions firm has agreed to a new five-year lease for 832 sq ft (77 sq m) on the first floor of the six storey office building, occupying Suite 7. Following this latest deal the park is now fully let. Edward Gee, associate director in the business space team at Savills Peterborough, comments: […]
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has committed an additional £25m to Assetz Capital, the property-focused marketplace lender, in a boost to UK housebuilders and SMEs. The additional funding is to deliver loans to SMEs under the Coronavirus Business Interruption Loan Scheme (CBILS) and is further to an initial […]
Limchester Properties are set to invest in a new buy-to-let property in the Bristol area thanks to the re-mortgaging of an existing property portfolio. Clive Mcnamara, director at Limchester Properties, reached out to loan broker, Just Contact, to identify a viable lending solution that would allow him to raise the £750,000 capital needed to invest […]
United Trust Bank (UTB) has agreed to refinance a development of 53 luxury apartments being undertaken by multi-award winning housebuilders Acorn Property Group. The Liner, in Falmouth, by Acorn Blue, bears all the hallmarks of a successful Acorn development combining an exceptional coastal location with stunning contempory design. With construction of the development well underway, […]
A rapid four-day bridge from Aspen has enabled a property professional to exit an existing lender facility before incurring a 5% immediate default charge. The £422k, 75% LTV agreement was secured on a Multi-Unit Freehold Block (MUFB) of four tenanted studio flats in Wembley, all with separate Assured Shorthold Tenancy (AST) agreements. The case was […]
Brokers can look forward to a real treat this Halloween as Hope Capital launches a special version of its Seventies Collection, with two revamped bridging loan products available from today. The two products, the HOPE 725 and the improved HOPE 75 are highly competitive bridging loan products. The HOPE 725 offers the lender’s lowest non-discounted […]
Whilst demand for realistically priced new build homes that will be ‘move-in ready’ by the end of 2020 are sharing in the remarkable post-lockdown recovery being felt in Scotland’s housing market, those with longer completion times may require financial incentives to secure sales this autumn particularly in the prime city markets above £250,000, as the […]
Aldermore bank’s First Time Buyer Index, a survey of 1,000 prospective first time buyers, reveals many are struggling to secure a mortgage as challenges around credit and being self-employed bite in a Covid-19 environment. Covid-19 effect on rejection of mortgage applications The number one reason for a rejected mortgage application was that the prospective first […]
Data published by Andrews, the south of England property group, shows viewings trebled in Q3 vs Q2 2020, as buyers took advantage of the stamp duty holiday announced by the government in early July. Instructions were also up substantially over the same period, more than doubling (123%) versus Q2, as sellers buoyed by strong house […]
