Slough Borough Council’s former high street contact centre is undergoing a £26m transformation after property developer Kings Oak Capital secured support from Shawbrook Bank. Landmark Place, which used to house the council’s MyCouncil customer drop-in centre, is being redeveloped into 89 apartments with work due to complete by the end of 2022. A mix of […]
Phoebus Software Limited (PSL) and Lendco have signed a four-year contract which will see the specialist lender onboard all new mortgage completions onto the latest Phoebus digital account servicing platform. Lendco’s existing book of buy-to-let mortgages, bridging and refurbishment loans will be migrated onto the Phoebus platform in Q1 2022. Using agile delivery methodology, the […]
Recognise Bank has announced the completion of a £2.3m bridging loan deal on an eco-housing development in Cambridgeshire. The Bank supported adviser Jason Caprioli, lending director at Kingswood Associates, by providing the funding for an experienced property developer. The bridging loan meant the client could refinance an existing acquisition loan in order to move on […]
The latest property market analysis by London lettings and estate agent, Benham and Reeves, reveals which Prime London markets have experienced the strongest growth in demand during Q4 2021. The PCL Homebuyer Demand Index by Benham and Reeves monitors demand for homes valued between £2-£10m and £10m and above based on the ratio of properties […]
Pitch 4 Finance has completed a business loan for a broker whose client was a UK company but the loan was for assets in a foreign country. This type of arrangement is unusual as due to the foreign nature of the assets most lenders will not consider lending on anything that has a UK structure […]
Aspen Bridging has completed two loans on one day for a client, in just 20 and seven days from application, after a collapsed sale threatened a developer’s next largescale project. Having originally applied for a £430k loan against a £675k three-bedroom end terrace, another £310k was required against a £465k two-bedroom flat on the same […]
Amor Homes Ltd has secured a £1.3m loan from specialist lender Assetz Capital (Assetz) to complete its luxury development in Cheshire. Having successfully built four luxurious homes in a semi-rural setting in South Cheshire the experienced developers are now exiting the development facility with Assetz through a £1.3m bridging loan. Although the building schedule had initially been disrupted at the start of the pandemic, the first boost to cashflow ensured that the project carried on throughout the various lockdowns. The scheme is providing high-quality family homes […]
Specialist property finance trade body, FIBA and Mortgage Business Expo (MBE) have announced a partnership which will mean that the FIBA Annual Conference will, in future, be held as part of MBE North at Manchester Central, the new northern venue for MBE. The first event takes place on March 22nd 2022. Mike Mikunda, director of MBE, […]
Arrow Global, a leading European investor and alternative asset manager in credit and real estate, today announces the launch of Bergen Finance, a new dedicated bridging loan business dedicated to the UK short-term real estate lending market. Bergen Finance will seek to take advantage of a market which has grown by over 400% since 2013 to over […]
Specialist Hub, the specialist finance broker, completes another complex bridging case with Roma Finance. Mr P and Mr S were looking to purchase a twenty bed HMO, located next to an unencumbered bed & breakfast establishment worth £3.5m, which they owned and ran. A major hotel group used the twenty bed HMO as a training […]
29/12/2021
Edition 296 – December 2021
Cash is freedom By Business Money group editor Robert Lefroy NACFB Gala Dinne...
Sign up to our newsletter
