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News


Developers ordered to do more to protect wildlife
Posted on Monday July 22, 2019

This includes the use of ‘hedgehog highways’, whereby hedgehogs can roam through back gardens to seek food and habitat to nest, and hollow swift bricks, which allow birds to nest safely in...

Kaleyra partners with Epiphany to support Open Banking
Posted on Monday July 22, 2019

The collaboration will aim to help their joint customers as well as deliver more banking experiences to the Open Banking market. “We don’t view activities such as PSD2, Open Banking and...

Portobello Trust launches new residential development in East Dulwich
Posted on Monday July 22, 2019

The boutique developer has provided eight new one- and two-bedroom apartments, which includes a penthouse with a private roof terrace. The apartments at Lordship House are priced from £450,00...

Atom bank raises £50m to fund further growth
Posted on Monday July 22, 2019

The digital bank received finance from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. It will also use the funding to continue its investment in technology. ...

Roma Finance advances loan for luxury residential development
Posted on Friday July 19, 2019

The introduction came from Positive Lending and after assessing the case and meeting the customer, an initial advance of £161,500 was provided with the rest of the funds to be released in stages...

The Co-operative Bank extends free SME banking offer
Posted on Friday July 19, 2019

Subject to certain transaction limits and a minimum credit balance of £1,000, new business directplus customers will benefit from 30 months of free everyday banking. The high street bank has ...

NAB appoints new group CEO and MD
Posted on Friday July 19, 2019

Ross has been CEO at RBS since 2013 and announced his resignation in April this year to join NAB no later than April 2020. He will also be invited to join the NAB board, subject to regulatory appro...

Taylor Wimpey to appoint new independent NED
Posted on Friday July 19, 2019

Robert — who has more than 30 years of experience in the property sector — has been the CEO at Land Securities Group PLC since 2012. Prior to this, he was property director at Great Por...

How can innovative lending support developers in a changing climate?
Posted on Friday July 19, 2019

Buying land is always competitive and after purchase, at the start of projects, ground or other environmental conditions can often throw up unanticipated issues; during the build out more problems can...

UK multifamily housing investment increases by 20%
Posted on Friday July 19, 2019

CBRE’s UK Residential Investment MarketView for Q2 2019 revealed that there was £359.4m of institutional investment into the UK private rented sector in Q2. Other highlights from the re...

Hilltop Credit Partners aims to bring institutional-quality deals to retail investors
Posted on Friday July 19, 2019

In an interview with Development Finance Today, Paul Oberschneider, founder and CEO at Hilltop Credit Partners (pictured above), claimed that retail investors were generally offered low-yielding, homo...

Underwriting your professional team: a best practice approach
Posted on Thursday July 18, 2019

This is vital from a project delivery perspective because you need people with the experience and balance sheet to execute your plans. It’s also vital from a financing perspective. Funders ne...

Leeds takes top spot for freehold property sales
Posted on Thursday July 18, 2019

One 77 Mortgages has analysed data from the Office for National Statistics (ONS) to find the locations with the highest number of freehold sales. The property finance specialist found that Birmingh...

LGA to support larger projects in Housing Advisers Programme
Posted on Thursday July 18, 2019

The LGA will be supporting larger, strategic housing projects this year, however, it won’t be supporting as many as in previous years. In the previous two years, the LGA has funded more than ...

Cloud migration: Key considerations for financial services
Posted on Thursday July 18, 2019

New demands from customers, along with increasing regulatory requirements, require organisations to have an IT ecosystem that can deliver increased agility, innovation and customisation.   Yet,...

85% of top postcodes for BTL rental yields are close to a university campus
Posted on Wednesday July 17, 2019

Lettings platform Howsy has revealed that Bradford’s BD1 postcode — where BTL landlords can secure yields of 10.2% — was the best university investment option in the UK. The avera...

Tandem reveals development of new mortgage product
Posted on Wednesday July 17, 2019

The digital bank has set up a new group of co-creators where consumers can sign up and provide opinions about their ideal mortgage. This input will be included in the design phase of the mortgage s...

VAT changes could lead to construction ‘chaos’
Posted on Wednesday July 17, 2019

This marks a major change in the way that VAT is collected in the industry and now means the customer receiving the service will have to pay the VAT. The Federation of Master Builders (FMB) has cla...

Handelsbanken reports 6% surge in UK lending
Posted on Wednesday July 17, 2019

The bank has seen UK deposits increase by 10% to £14.8bn, with corporate deposits up 13%, while household deposits witnessed a 4% growth in the same period. This follows the launch of its UK ...

Maria Harris set to leave Atom bank
Posted on Wednesday July 17, 2019

Maria has spent five years at the digital bank, during which she helped Atom to support homebuyers with £2.4bn of lending. She is set to commence work as an adviser and take up new opportunit...

Developer secures £11m from Cambridge & Counties for PBSA acquisition
Posted on Tuesday July 16, 2019

The Riverside House scheme was initially owned by ICL and a mix of UK and international investors. ICL has now been able to buy-out all external investors through the financing and bring the asset ...

CapitalRise extends second loan for £17m redevelopment in Belgravia
Posted on Tuesday July 16, 2019

The property on South Eaton Place was independently valued by Savills upon the completion of its outlined refurbishment project. Prime central London development specialist Leconfield Property Grou...

Yellow Stone Finance rescues client from expensive default fees
Posted on Tuesday July 16, 2019

The loan — which was secured on a hotel — had reached an impasse due to issues regarding the building insurance. The provider chosen by the insurance broker could not deliver the docume...

Sesame adds Investec Private Bank to panel
Posted on Tuesday July 16, 2019

Members of the Sesame network will now have access to the private bank’s unique solutions for their wealthy clients. The private bank has a particular focus on finance professionals, entrepre...

N26 rebrands premium account
Posted on Tuesday July 16, 2019

The rebranded product — which has replaced premium membership account N26 Black — focuses on personalisation and offers customers a choice of five coloured cards. Available for £4...

The power of partnerships
Posted on Tuesday July 16, 2019

We now have around 50,000 savings customers who are making the most of their money through the variety of products we offer: fixed term and easy access accounts, notice accounts and a variety of cash ...

Goldman Sachs invests €25m in Raisin
Posted on Tuesday July 16, 2019

The German fintech will use the investment to build its stateside presence in preparation for a 2020 launch in the US savings market, as well as entering two new European markets in 2019. Raisin &m...

One year on, how has our Titlestone acquisition progressed?
Posted on Monday July 15, 2019

In the wake of the Titlestone acquisition, Paragon’s latest half-year results show that development finance new lending increased fourfold by £126m to £161m, compared with the same p...

Grainger completes forward funding on Leeds 216-home PRS scheme
Posted on Monday July 15, 2019

The Fabrik development has now started on site after contractual conditions were met. The construction now has full planning consent and completion is anticipated for late 2021. The developer is...

City of London Group posts £3.6m pre-tax loss after absorbing banking licence costs
Posted on Monday July 15, 2019

This comes after the group reported a £1.1m pre-tax loss last year following the absorption of banking licence application costs. As part of the UK banking licence process, its subsidiary Rec...