INSERT INTO `news` (`title`,`link`,`brief`,`date`) VALUES ('','','','1970-01-01')INSERT INTO `news` (`title`,`link`,`brief`,`date`) VALUES ('','','','1970-01-01')INSERT INTO `news` (`title`,`link`,`brief`,`date`) VALUES ('','','','1970-01-01')INSERT INTO `news` (`title`,`link`,`brief`,`date`) VALUES ('','','','1970-01-01')INSERT INTO `news` (`title`,`link`,`brief`,`date`) VALUES ('','','','1970-01-01')

News


Major Edinburgh development gets green light from local council
Posted on Friday May 24, 2019

The scheme is a consortium project by CALA Homes and David Wilson Homes. The development will provide a mix of one-, two- and three-bedroom apartments, terraced homes, colonies and detached family ...

Law firm helps Alpha Property Lending complete £4m development loan
Posted on Friday May 24, 2019

The secured lending and banking teams at the law firm helped to secure the loan — which was completed within three working days of formal instruction — against a residential block in north...

Project Etopia names chief real estate officer
Posted on Friday May 24, 2019

With over 20 years of real estate experience, Andrew — the founder and chairman of residential developer Southern Grove and student accommodation specialist Future Generation — has been in...

Prosperity partners with F3GROUP for nationwide development plans
Posted on Friday May 24, 2019

The residential property developer — which is headquartered in Birmingham city centre — has a portfolio of 34 new-build and conversion projects with a GDV of more than £400m. &ldq...

Shawbrook provides £5.4m facility to fund leisure park purchase
Posted on Friday May 24, 2019

The specialist bank tailored a comprehensive loan facility for Blue Sky Resorts, which now operates five parks across the North of England and Scotland. It had previously leased and operated Spring...

Number of UK PD schemes falls by 21% in a year
Posted on Thursday May 23, 2019

This comes from a new report by Naismiths titled ‘Has PD Peaked’ which can now be viewed online. It found that permitted development — which typically allows developers to convert...

Only 13% of development specialists believe uncertainty will benefit the sector
Posted on Thursday May 23, 2019

The spring 2019 edition of the bi-annual London Development Barometer (LDB) survey by M3 Consulting found that almost six out of 10 respondents felt that the ongoing uncertainty would have a negative ...

Revolut launches savings platform for friends and family
Posted on Thursday May 23, 2019

Customers will be able to pay into the savings platform at any time by rounding up spare change, making a recurring payment or adding a one-off contribution. Over one million Vaults — Revolut...

Tandem to launch financial education programme for young people
Posted on Thursday May 23, 2019

The programme — which aims to teach young people about the ins-and-outs of money — includes everything from budgeting and saving, to sensible borrowing and retail finance, making money, th...

Industry reacts to ‘subdued’ UK house price growth
Posted on Wednesday May 22, 2019

London saw the lowest annual growth, with prices falling by 1.9% in the year to March 2019, but up on the -2.7% registered in February 2019. John Goodall, CEO and co-founder at Landbay, claimed tha...

Paragon reports four-fold increase in development lending
Posted on Wednesday May 22, 2019

In its latest half-year results, the specialist bank revealed that development finance had been the strongest performer within its commercial lending division. This follows its acquisition of Title...

Completion times for development finance increases to 8.8 weeks
Posted on Wednesday May 22, 2019

Avamore’s report features a combination of data points and opinion-based questions for brokers across the development and unregulated bridging sectors and is designed to understand the current m...

TSB announces two leadership appointments
Posted on Wednesday May 22, 2019

Robin — who’s currently the managing director at Lloyds Bank, and recently led Bank of Scotland (retail) — has previously served at RBS Group and Tesco Personal Finance. He will b...

Tesco Bank ceases new mortgage lending
Posted on Tuesday May 21, 2019

The bank currently serves over 23,000 customers with lending balances of £3.7bn. The sale of its portfolio would include the complete transfer of related balances and ongoing administration o...

OakNorth completes £16.5m loan for mixed-use tower in Aldgate
Posted on Tuesday May 21, 2019

The scheme will comprise commercial units on the ground floor as well as 39 residential units on the upper levels. The site will include 10 affordable units, with tenants being offered a concierge ...

Springfield Properties debuts ‘plastic road’
Posted on Tuesday May 21, 2019

The ‘plastic road’ — which reduces the carbon footprint by a tonne for every tonne of bitumen replaced — will be used on a section of road at the housebuilder’s Linkwood ...

Arbuthnot Commercial ABL funds MBI of Bornmore Metals
Posted on Tuesday May 21, 2019

The transaction for an undisclosed sum has seen Ian Griffiths, investor and incoming managing director at Bornmore Metals, acquire 100% of the shareholding of the business, which will provide a platfo...

Is the UK punching beneath its weight when it comes to fintech?
Posted on Tuesday May 21, 2019

Glance at the most recent statistics and you would conclude that everything is rosy in London. Scratch a little deeper, however, and you will find that many unknowns of Brexit are already casting a sh...

YellowDog names new CCO amid plans to enter financial services market
Posted on Tuesday May 21, 2019

James has 25 years of sales, marketing and product management experience.  The cloud scheduling and orchestration platform recently acquired £2.5m of Series A funding to support internat...

Industry reacts to Tesco Bank exiting mortgage market
Posted on Tuesday May 21, 2019

The bank also stated that it was looking to sell its existing mortgage portfolio. One industry expert claimed that this was a result of diminished margins against a backdrop of extreme political an...

CapitalRise provides £8.1m loan for luxury apartment scheme
Posted on Monday May 20, 2019

This is the specialist lender’s first project with developer Heronslea, which is known for delivering single- and multi-unit residential projects of this type. The funding will allow for the ...

Octopus Real Estate secures site for 80-bed care home
Posted on Monday May 20, 2019

Plans for the care home — including landscaping — have been submitted to Solihull Metropolitan Borough Council. It has exchanged contracts with IM Properties for the development at the ...

Charity Bank reports 43% lending surge in 2018
Posted on Monday May 20, 2019

This represented a 43% increase on the £34.1m it lent in 2017 and brings its total funding to £270m since 2002. The loans included £21.2m to support housing and local facilities p...

Aldermore grows from 30 to over 1,000 employees since launch
Posted on Monday May 20, 2019

Since the specialist bank launched in May 2009, it has helped hundreds of thousands of SMEs, homeowners, landlords and savers. Highlights over the past 10 years include: achieved 10 consecuti...

A guide to gearing
Posted on Friday May 17, 2019

Gearing is the term used to describe the specific ratio of debt vs equity within the deal and will highlight whether the deal is worth pursuing as well as the level of risk that comes with it. If the ...

PlanRadar reveals plans to boost digitisation in UK construction industry
Posted on Friday May 17, 2019

The Vienna-based company recently launched in the UK and has revealed that it plans to have around 30 people working in the country to support the industry. PlanRadar offers a software-as-a-service...

Puma Property Finance closes development deals worth £50m
Posted on Friday May 17, 2019

The deals included a £25m loan to finance the development of two retirement living schemes in the South East. The facility will provide 50 retirement flats in Wantage, Oxfordshire, and 25 ret...

The lending landscape: Why property development financing is changing
Posted on Friday May 17, 2019

The Royal Institution of Chartered Surveyors (RICS) recently confirmed that the headline price growth indicator is now at its lowest point since May 2011, posting a net balance of -28%. While RICS ...

SREF signs lettings in Chelmsford to trigger £3m retail park investment
Posted on Friday May 17, 2019

The 60,000 sq ft retail park will be occupied by a 10,250 sq ft PureGym on the first floor, while TGI Fridays and Cosy Club will occupy 5,000 sq ft and 6,500 sq ft units respectively.  Leases ...

UTB and Barwood Capital to fund barn conversions into luxury homes
Posted on Thursday May 16, 2019

The barns will be transformed into three luxury homes by developer Resolution Homes. Barwood Capital’s residential investment platform has provided the equity investment, with the balance com...