Wellingborough based M.L. Wakefield Ltd, a leading factory outlet discount wholesaler that trades under the name Fashion Warehouse, has recently secured just under £1m finance from Cambridge & Counties Bank to upgrade its c. 50,000 sq.ft. warehouse. The firm will use the funds to redevelop the site’s access and distribution capabilities, as well as its […]
The call by restaurant chains and others to the government to extend the ban on the collection of rent on commercial properties such as shops and cafes completely ignores the plight of the landlords of these premises, say leading tax and advisory firm Blick Rothenberg. Head of property at the firm, Heather Powell said: “ […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been adopted by The Loan Partnership as its primary tech provider. The integration will allow The Loan Partnership to offer extensive product sourcing without the need to rekey any data, plus access to OMS’s all-encompassing CRM system and full workflow […]
Prices remain robust but the current spate of new listings suggests that the road to full recovery may soon be marred by oversupply, especially in London, according to the Home.co.uk Asking Price Index for September. Estate agents had another phenomenally busy month in August, taking on even greater amounts of new instructions, especially in the […]
Pluto Finance has a completed a £12m Senior Development Loan for a residential-led mixed-use scheme by Dominvs Group on the site of The Fox public house in Palmers Green, London N13. The 0.64-acre site at One Fox Lane was acquired by Dominvs Group in September 2018. The loan facility from Pluto Finance will enable the […]
While total UK volumes for the year are unlikely to reach the long-term average of £44.9bn in 2020, according to Savills, proportionally certain sub-sectors of the market have seen growth in their share of total investment this year: the alternatives sector has accounted for 44% (£10.2bn) of volumes, its highest proportion ever, largely driven by […]
Aspen has completed a £1.5m, 75% development-exit bridge on two semi-detached newbuild homes in Hertfordshire, giving the client extra time to secure market value sales. With only snagging work remaining following delays caused by the Covid-19 pandemic, the developer was looking for a capital raise on the site whilst extending the marketing period of the […]
Mortgage Broker Tools (MBT) has launched a partnership with Alexander Hall, to provide advisers at the firm with fully integrated criteria-driven affordability sourcing. The agreement means that the MBT Affordability platform will be used by advisers at Alexander Hall to more easily research and identify the most suitable lenders to meet the loan size requested […]
Bridging completions were £470m in Q2 2020, down 56% on Q4 2019, but applications rose slightly in the same period. This is according to the latest figures compiled by auditors from data provided by members of the Association of Short-Term Lenders (ASTL). The data shows that applications increased by just over 1% in Q2 2020, […]
Costain Group took this month’s top spot in the contractor league tables after being appointed the contractor for two major road projects. A new SMART motorway on the M62 at Brighouse and widening works on the A1 in Newcastleupon-Tyne with a combined value of £575m. In the runners up spot this month is Bowmer & […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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