Shawbrook bridging finance increase LTV to 75% for residential loans
Shawbrook have announced they are now offering 75% LTV on residential bridging finance. This is great news for borrowers! Shawbrook have long been the cheapest provider of bridging finance, offering borrowers the lowest bridging loan rates. However, until now, they only offered loans up to 70% LTV. As well as this increase in loan to
Bridging loan on land
Vision Finance have arranged several bridging loans on land over recent months, so we thought it would be useful to share our experiences. We work with property developers up and down the country, and while full property development finance remains our core strength, many of our clients have requirements for short term finance, and this
Precise bridging finance launch bridging loans with 0% arrangement fee
Precise Mortgages, the intermediary only bridging loan lender, has increases the range of products within its bridging loans. If you are buying a property in need of renovation and want to sell or refinance it shortly after completion this new range of 0% facility fee bridging loans could be a good cost effective answer. Key
Association of Short Term Lenders show bridging finance applications up 97pc
Bridging application values increased by 97% from the fourth quarter of 2013 to the fourth quarter of 2014, figures from the Association of Short Term Lenders have revealed. In the whole of 2014 the value of bridging loans increased by 62.5% from the year before, with ASTL members’ writing £2.27bn worth of loans. Benson Hersch,
Bridging loans exceed GBP 2 billion this year
The figures from the Association of Short Term Lenders for Q3 2014 have shown record levels of bridging finance, and loans written by members of the ASTL in the year ended September 2014 have now exceeded £2 billion. The ASTL’s latest quarterly figures on the size of the bridging market reveals that in Q3 this
Bridging Finance sees annual growth of 25 per cent
Growth of 25% in the bridging finance industry has been achieved in the past 12 months, according to the latest Bridging Index. Since June last year the annual rate of growth in gross bridging lending has averaged 25.1 per cent. By contrast, growth in the previous period was faster, but more volatile. Gross annual bridging
Dragonfly Property Finance raises GBP130m for commercial property fund
Octopus Investments has raised £130m for the Commercial Real Estate Debt Fund. The fund will be managed by Dragonfly Property Finance. Dragonfly, launched just five years ago, has already lent in excess of GBP1 billion. The GBP130 million fund will provide Dragonfly with considerable financial firepower as it continues to lend to commercial property investors.
Capital Bridging Finance is now FCA regulated
Capital Bridging Finance, the London based bridging loan lender has obtained authorisation from the FCA to accept and administer regulated bridging loan applications. Keith Aldridge, Managing Director, said: “Our long term growth plans have always included an appetite to provide regulated bridging loans to our growing number of premier partners. Over the past two years
Challenger bank Aldermore announces plans to IPO
Aldermore Bank, which is now just 5 years old, plans to float on the London Stock Exchange in October, the challenger bank said this morning. Aldermore focuses on lending to small businesses, home owners, and property developers. Vision Finance has been working with Aldermore as a key lender on our panel. Property development finance has
Luxury property development complex in heart of Islington with GBP 370m GDV
In June this year Sager Group completed its transaction with Royal Mail to relocate their Islington delivery office to Eagle Wharf Road and absorb the remaining buildings of the Former North London Sorting Centre into Sager’s Islington Square retail and leisure development, which has an estimated gross development value in excess of £370 million. Property