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Fincorp bridging finance saw a 68% uplift in volumes during 2013
Fincorp bridging finance has said a large part of the rise was due to an increase in business introduced by intermediaries delivering quality introductions. Matthew Anderson, director at Fincorp, said: “2013 has been a terrific year for us at Fincorp. We’ve expanded the business considerably thanks to several key relationships we have with brokers and
Vision Finance is featured in Bridging & Commercial: New broker reveals bridging Vision
A new bridging and development broker has entered the market and has established itself as a full service advisory house. B&C Distributor heard from Managing Director Roshan Doostdar about Vision Finance, current deals, and the broker’s position in the market… Click the link below to read the full Article: http://www.bridgingandcommercialdistributor.co.uk/newsstory?id=828
West One Loans Broker Sentiment Survey shows Bridging to hit 2.7 bn in 2014
Gross bridging lending in the UK is expected to surpass £2.7 billion over the course of 2014, according to a survey of over 250 financial intermediaries. This represents annual growth of a third (33%), bringing the industry to a new record high, according to the latest West One Broker Sentiment Survey. Expansion will bring gross bridging
Omni Capital Bridging Finance – Authorised Advisor
Omni Capital bridging, one of the leading specialist lenders and backed by the Candy brothers, has developed a number of loan products aimed at prime, high value, property transactions. Omni Capital will consider bridging loans of up to £25 million where required – these loans are available for standard bridging purposes as well as for refurbishment
Precise mortgages expects bridging to beat 2007 volume next year
Economic and political conditions teamed with renewed consumer confidence in the country’s recovery are setting the scene for 2014 to be the strongest in seven years. Alan Cleary, Managing Director of Precise Mortgages, said: “Consumers are becoming more inclined to borrow as their confidence in the economy grows. Access to funding is improving, there is a
Aldermore Commercial Mortgages – Market Report: Plugging the housing gap
When the UK Government launched the Funding for Lending Scheme back in 2012, it acted as a shot in the arm for the industry; mortgage approvals began to rise and, perhaps more importantly, consumer confidence began to improve for the first time since the beginning of the housing crisis in 2007/08. The subsequent launches of
Precise bridging finance launches new bridging products from 0.65%
Precise Mortgages, one of the country’s leading bridging finance lenders, has today launched a set of limited edition bridging products. The new products have rates starting from as little as 0.65% per month. Precise Mortgages provide bridging finance for a variety or purposes, including BMV purchases, property acquired at auction, light refurbishment, and heavy refurbishment
United Trust Bank cuts bridging rates
United Trust Bank has cut the interest rates for its bridging products with rates now starting from 0.69% per month. The 0.69% per month rate is for first charge loans secured on residential property with a loan to value of up to 40%. In 50% to 60% LTV range rates have been reduced to 0.75%
Stretched senior and mezzanine finance for property developers | property development
Vision Finance work with a number of stretched senior debt and mezzanine finance lenders, providing up to 90% of total costs for experienced property developers. In general terms, for prime developments, senior lenders are typically lending 55% to 60% of GDV, or around 65-70% of total costs. This clearly leaves a gap of approximately 35% of
Regentsmead property development finance launch 9% product
Regentsmead, the property development finance provider, has launched an Exclusive Product, headlining at 0.75% per month, or just 9 per cent p.a. Regentsmead has also increased its LTVs and re-branded its Standard Product as the Classic Product, giving its borrowers the best opportunity to increase liquidity for projects and enhance their choices in the market
