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News


Oblix Capital names new director of development
Posted on Monday January 21, 2019

Richard joins the bridging and development lender from Bank of London and the Middle East (BLME), where he most recently held the post of head of real estate finance. Richard said that he was delig...

Bank Leumi UK appoints new head
Posted on Monday January 21, 2019

Sarah will report directly to Andy Mallin, chief business officer at the bank. She joined the Israeli bank’s UK subsidiary in 2010 as a corporate foreign exchange dealer. Sarah then progre...

Tandem Bank reaches 500,000 customers
Posted on Monday January 21, 2019

The mobile bank will start the new year with the launch of a new account packaged with an intelligent savings tool. It is also planning to expand into western Europe and Asia in 2019. Ricky Knox...

Time for lenders to grasp the nettle and purge the book
Posted on Friday January 18, 2019

Lending has always been a competitive endeavour. But those who triumph in this game of risk and reward aren’t always the ones who keep their cards close to their chest. With the probability of a...

Moat secures £135m backing from Lloyds and Santander
Posted on Friday January 18, 2019

The housing association – which manages over 20,000 homes across the South East – received the funding from Lloyds (£75m) and Santander (£60m), both of whom are long-term finan...

Macbryde Homes granted planning for Flintshire housing development
Posted on Friday January 18, 2019

The development – on Llys Gwynant in Bryn y Baal – will comprise a mix of two- and three-bedroom townhouses, as well as three- and four-bedroom detached homes. The houses will be constr...

Government provides £3m to transform Worcester railway arches
Posted on Friday January 18, 2019

Jeremy Wright MP awarded the sum to the £4.5m project from the cultural development fund. The finance will be used to create a new key gateway for Worcester, following the line of the Victori...

Snoop Dogg becomes a shareholder in Swedish bank
Posted on Friday January 18, 2019

The hip-hop artist has become the face of a major campaign called ‘Get Smoooth’ as part of the collaboration. The campaign is centred around how Klarna’s products are designed to ...

Avamore finances office conversion with finish and exit product
Posted on Friday January 18, 2019

The bridging and development lender has closed similar deals in the past three months, worth around £14m in total. The finish and exit product can be used for schemes which are not eligible f...

Birmingham modular housing scheme secures planning permission
Posted on Friday January 18, 2019

The two-bedroom house – which will be located in Heaton Street in Hockley – will include both a parking space and back garden, and is set to be let as social housing. Councillor Sharon ...

Technology paves the way for a new era of customer communications for banks
Posted on Friday January 18, 2019

As competition heats up between different banks, new challenger banks are increasingly attempting to disrupt the market by attracting new customers, while retaining existing customers. Building a last...

Beaufort completes mezzanine deal for PBSA scheme in nine days
Posted on Thursday January 17, 2019

The funding was arranged in just nine working days, from agreement of terms and credit approval to drawdown, all of which happened over the Christmas and new year break. Mark Quigley, managing dire...

Sadiq Khan launches £38m fund to support community-led housing
Posted on Thursday January 17, 2019

The London Community Housing Fund is expected to unlock 500 community-led homes by 2023 and will make grants or loans available to support the building, development and delivery of these homes. Som...

Metro Bank provides £20.5m commercial loan to Pearl Hotels
Posted on Thursday January 17, 2019

Pearl Hotels will use the funds to enhance its Holiday Inn in Gatwick with the addition of 40 more bedrooms and new conference facilities. Mark Stokes, managing director of commercial banking at Me...

Industry reacts to May’s Brexit deal rejection
Posted on Wednesday January 16, 2019

MPs voted 432 to 202 against approving Theresa May’s European Union withdrawal deal. The prime minister was dealt a further blow with the government now facing a vote of no confidence.  ...

Coppergate and West One Loans fund sustainable development in Hackney
Posted on Wednesday January 16, 2019

A London-based developer – which purchased the property in January – intends to deliver the sustainable development with a high-quality residential building (pictured above). Coppergate...

Industry reacts to May’s Brexit deal rejection
Posted on Wednesday January 16, 2019

MPs voted 432 to 202 against approving Theresa May’s European Union withdrawal deal. The prime minister was dealt a further blow with the government now facing a vote of no confidence.  ...

OakNorth provides £29m development loan for mixed-use Clapham scheme
Posted on Wednesday January 16, 2019

The development will be spread across eight floors and located at 340a Clapham Road in south London. The scheme will comprise 62 residential units – including 12 affordable homes – with...

Ex-Santander director joins Pluto Finance
Posted on Tuesday January 15, 2019

Andrew joins the lender’s London-based team from Santander, where he was an associate director in the structured real estate finance team. During his time at Santander, Andrew worked on the e...

Blend Network appoints head of origination
Posted on Tuesday January 15, 2019

His appointment will enable the P2P lending platform to better serve its existing clients, as well as drive the acquisition of new borrowers. Prior to joining Blend, Paul worked as a senior develop...

RTPI claims PDR carries ‘serious’ financial implications for local authorities
Posted on Tuesday January 15, 2019

The institute said that this was because the authorities would not be able to collect planning fees and developer contributions for affordable housing and infrastructure. The RTPI strongly opposes ...

John Eastgate set to join Shawbrook from OneSavings Bank
Posted on Tuesday January 15, 2019

John will join the specialist bank in June from OneSavings Bank, where he serves as sales and marketing director. He has previously held roles at Saffron Building Society, Broadvision and Barclays....

Tide and ClearBank form SME banking partnership
Posted on Tuesday January 15, 2019

With Tide’s support, ClearBank has applied for a grant worth up to £120m from pool A of the capability and innovation fund that forms part of the RBS alternative remedies package. The p...

The role of bespoke advice in a digital mortgage world
Posted on Tuesday January 15, 2019

As the digital era continues to embed itself into the mortgage market, we are seeing an increasing presence from a new wave of online mortgage companies.  In some ways, private banks are the p...

YES Bank names new non-executive part-time chairman
Posted on Tuesday January 15, 2019

Brahm has served on the board of YES Bank since July 2013 as an independent director and contributed to almost all the sub-committees of the board over the last five-and-a-half years. He is also th...

30% of SMEs cite Brexit impact as biggest concern for 2019
Posted on Tuesday January 15, 2019

The research commissioned by the Co-operative Bank asked SMEs about their outlook for 2019 based upon a range of issues. Some 19% of respondents feared an increase in operating costs, followed by c...

Project BankNorth makes four senior hires
Posted on Tuesday January 15, 2019

Ewan Hutton, Andrea Dalton, Goi Ashmore and Martin Ellis have joined Project BankNorth after it called in the first tranche of its seed capital raise. Ewan has joined as its new chief technology of...

Welsh government to launch £210m self-build scheme
Posted on Monday January 14, 2019

Through Self-Build Wales, the Development Bank of Wales will guarantee loans on pre-agreed plots. The loans will be repayment free until the new home is mortgaged, allowing people to build their ne...

CYBG opens SME hub in Manchester
Posted on Monday January 14, 2019

B Works offers a modern space for both consumers and SME customers, with a full range of core retail and SME banking services. It will include a business banking centre, co-working space and free-t...

Tandem eyes IPO in next three to five years
Posted on Monday January 14, 2019

The specialist bank secured £15m of funding last year from Convoy Global Holdings for its Hong Kong expansion, while it is set for further growth into western Europe this year as well as looking...