Property bridging and development lender, KHK Capital, has secured a £25m funding line from UK savings and lending specialist, Shawbrook Bank. The new financing line enables KHK Capital to meet rapidly growing demand from new and repeat customers for lending solutions on a diverse range of residential and commercial property. “KHK Capital has been a […]
ISG took this month’s top spot in the contractor league tables after being appointed the contractor for seven major projects totalling just under £2.7bn. Almost all this amount is due to work on a new £2.6 bn electric battery plant in Blyth, Northumberland. In second position this month with just one project is Future Valleys, […]
Mortgage Broker Tools has launched MBT Analytics – a unique platform that gives lenders live insights into the affordability environment. MBT Analytics provides lenders with a bespoke data-driven interactive dashboard to help them improve their understanding of the affordability calculations of their competitors and to benchmark their own position. With MBT Analytics, lenders can view […]
Penrith-based Genesis Homes, a housing developer, has secured £1m of Coronavirus Business Interruption Loan Scheme funding through Santander UK, to continue its roll out of housing development sites in the coming year. Since launching in 2017, Genesis Homes has built and sold a total of 158 homes over five developments. The funding package will ensure […]
United Trust Bank (UTB) has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65% with immediate effect Key features of UTB’s bridging offering include: Max 65% LTV Rate card from 0.48% pm <50% LTV Loan size from £125k to £15m Minimum property value £150k (or £100k for multiple securities) […]
Specialist business property adviser, Christie & Co, has brought to market a former children’s day nursery in Alford, Aberdeenshire. Established over 25 years ago, this former day nursery, previously operating as Alford Day Nursery, comprises a nursery with effective operating capacity for 30 children aged zero to five-years-old, and a lovely four-bed owner’s accommodation attached. […]
Castle Trust Bank has become the latest lender to join the Mortgage Market Alliance (MMA) as a founder member. The MMA launched last year to provide a collaborative voice for the mortgage industry in promoting the availability of lending and the value of professional advice. Castle Trust Bank offers loans for a variety of investments, […]
Greymax Capital has become the latest lender to join the Association of Short Term Lenders (ASTL). Based in London, Greymax Capital offers a return to true relationship bridging, operating with private capital and providing direct access to its principals and underwriters. As seasoned property agents, investors and developers the directors of Greymax Capital understand property […]
Aspen is starting 2021 on the front foot with the launch of a new Light Development bridge and an increase in its maximum loan size to £5m net across the whole product range. Covering residential conversion schemes, finish and exit projects, structural works and extensions plus lighter refurbishments, the new Light Development product is available […]
The Association of Short Term Lenders (ASTL) has continued its ongoing dialogue with HM Treasury, with a letter proposing collaboration on any potential extension to the enforcement moratorium, following the latest national lockdown. Within the letter, the ASTL says: “The health of the nation is paramount, and no member would knowingly seek to repossess a […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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