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News


Willmott Dixon to build £38m leisure project in Winchester
Posted on Wednesday September 19, 2018

The development will replace the River Park Leisure Centre – which is more than 40 years old – and the appointment is subject to planning permission being received. The facility at Bar ...

Housing minister visits self-build community
Posted on Wednesday September 19, 2018

At Graven Hill, individuals can design homes on pre-prepared plots and are limited only by their budget. Up to 1,900 unique homes will be built over 10 years, along with a primary school, a pre-sch...

TSB announces new SME banking leadership team
Posted on Wednesday September 19, 2018

The team will be led by SME banking director Richard Davies and follows TSB executive chairman Richard Meddings’ announcement that the launch of a leading business banking offer was a top priori...

Bremer Bank partners with automated lending platform
Posted on Tuesday September 18, 2018

The US-based bank will become the third bank with more than $10bn in assets to partner with Numerated since the latter was founded in 2017. Numerated’s lending platform will offer Bremer a da...

Metro Bank announces opening date for Bristol store
Posted on Tuesday September 18, 2018

The store – located in Broadmead Shopping Quarter – will launch on Friday 28th September with a two-day long party for local residents and businesses. Over 4,000 safe deposit boxes and ...

Development Bank of Wales moves into new Wrexham HQ
Posted on Tuesday September 18, 2018

The bank’s new HQ will be supported by regional offices in Cardiff and Llanelli to enable it to serve businesses across the country. The Wrexham office will house 23 of the bank’s 172 s...

Paragon Banking Group expects 25% BTL pipeline growth
Posted on Tuesday September 18, 2018

The group reported that underlying profits for 2018 were in line with the board’s expectations in its latest trading update ahead of its 30th September 2018 year end. It also revealed that it...

Shawbrook lends £250m to SME property developers
Posted on Tuesday September 18, 2018

The specialist bank has supported the development of over 500 units, working with over 45 developers.  In its first full year in the development finance sector, lending to developers surpassed...

Housebuilder reports 12% pre-tax profit increase
Posted on Tuesday September 18, 2018

The housebuilder and strategic land specialist sold 1,225 units over the past 12 months, a 21% year-on-year increase on the same period last year. Dermot Gleeson, chairman at MJ Gleeson PLC, said: ...

Ex-RBS director joins Triodos Bank
Posted on Tuesday September 18, 2018

Rob has over 29 years of experience in SME banking and previously worked at RBS, where he was director of corporate banking in south Wales. He will be based at Triodos Bank’s headquarters in ...

Crown Agents Bank appoints new NED
Posted on Tuesday September 18, 2018

Susanne has 14 years of experience in banking, having previously served at Morgan Stanley, Lloyds Banking Group and Deutsche Bank. In 2014, she founded FINTECH Circle – a global fintech commu...

Secure Trust Bank launches its cheapest ever mortgages
Posted on Monday September 17, 2018

The new STB0 product tier offers fixed rates for two-, three- and five-year terms at a maximum LTV of 90% with a standard arrangement fee of £1,499. It is available to clients who have had no...

UTB appoints new asset finance BDM
Posted on Monday September 17, 2018

He will be responsible for developing broker relationships in the East and West Midlands and Wales. Paul has 30 years of experience in the asset finance and motor sales sector, having worked for co...

Developer secures planning for £210m mixed-use scheme
Posted on Monday September 17, 2018

The development will be completed over five phases with X1 South Bank containing 928 residential apartments, cafes and restaurants as well as office and retail space. Developer X1’s planning ...

Barwood Capital to provide funding to care home developer
Posted on Friday September 14, 2018

A new company – Perseus Land & Developments Limited – has been set up by Duncan, who has overseen the acquisition and obtained planning permission for more than 50 developments through...

Klarna to acquire Close Brothers Retail Finance
Posted on Friday September 14, 2018

The Swedish payment solutions group will acquire Close Brothers Retail Finance (CBRF), which provides unsecured finance to consumers through retailers. The sale is expected to complete in 2018, sub...

Temenos to support Varo Money’s bank launch
Posted on Friday September 14, 2018

The mobile banking service provider will also use the lifecycle management suite, which will be implemented on the Temenos Cloud. The partnership will provide Varo with a real-time customer experie...

Harworth practically completes phase three of Yorkshire technology park
Posted on Friday September 14, 2018

The group has created six new speculative ‘R-evolution’ units totalling 56,549 sq ft as part of the latest phase of its ‘R-evolution @ the AMP’ development. Over 100,000 sq ...

New property listings down 17.1% in London
Posted on Friday September 14, 2018

The property supply index by online estate agents Housesimple.com found that the number of new sellers in London fell by more than double the UK average. Every London borough saw fewer new listings...

Brokers claim FTB sector offers most potential for growth
Posted on Friday September 14, 2018

United Trust Bank’s most recent sentiment poll asked 130 brokers in the property finance industry for the three residential development sectors they believed had the most potential for growth. ...

A guide to red book valuations
Posted on Friday September 14, 2018

The most recent version of the red book – RICS Valuation, Global Standards 2017 – took effect on 1st July 2017. Development Finance Today sought the views of industry insiders to find o...

Football club wins planning permission for new training facility
Posted on Thursday September 13, 2018

North Somerset Council’s planning committee voted to approve the plans for the state-of-the-art site that will bring together the club’s first-team and academy players plus staff. The p...

Turley strengthens London team
Posted on Thursday September 13, 2018

The planning consultancy has appointed Phil Brogan (pictured above, right) and Theo Butt Philip (second right) to its strategic communications team. The duo – who have more than 30 years of i...

Paysend introduces global account
Posted on Thursday September 13, 2018

Built by a team of ex-Revolut engineers and designers, the global account mobile app enables customers to instantly link their Paysend card to the currency of their choosing without fees or hidden tra...

Masthaven appoints Rob Barnard as sales director for long-term lending
Posted on Thursday September 13, 2018

The newly created role is part of the specialist bank’s ongoing expansion. He will oversee its first and second charge residential and BTL mortgages and work alongside Richard Deacon, sales d...

Octopus Property to provide £20m loan for Scottish residential development
Posted on Wednesday September 12, 2018

Planning permission has been secured to convert Chesser House into a mixed-use development that will be known as Elfin Square and comprise 123 one-, two- and three-bed private apartments for sale, alo...

HTB names new development finance MD
Posted on Wednesday September 12, 2018

David – who has served at HTB as deputy managing director of development finance for four years – will succeed Robert Grigg, who will take up the role of divisional executive chairman. ...

Barclays and Homes England launch £1bn housing development fund
Posted on Wednesday September 12, 2018

The loans – which will range from £5m-£100m – will be competitively priced and available to developers and housebuilders who are able to demonstrate the necessary experience an...

Paul Marston joins CivilisedBank as NED ahead of 2019 launch
Posted on Wednesday September 12, 2018

Paul brings with him more than 15 years of experience in strategic leadership within both commercial and asset finance, focusing mainly on the SME market. He is a former managing director at RBS an...

Helical agrees £50.4m loan to support office development above station
Posted on Tuesday September 11, 2018

The facility will be drawn down during the build phase and will convert into an investment facility for the remainder of its term.  Protection against future interest rate rises will be provid...