Phase 1 of the scheme, which has a gross development value (GDV) in excess of £35m, will consist of 62 private houses and 23 affordable homes.
There was a time when the bridging market suffered from something of a ‘one-size-fits-all’ approach, where there was little distinction between the products on offer beyond the headline interest rate.
While the housing market has been resilient throughout the pandemic, there is reason to believe that the year ahead will be even stronger, especially within the new-build sector.
Conventional financing products are largely interest-based lending and therefore are not compatible with Islamic finance.
A successful vaccine rollout and gradual easing of restrictions bring the prospect of a good summer seeing friends and family after a year that has been incredibly challenging for us all.
To understand the ethical nature of Islamic finance, it's vital to understand Shariah - a system encompassing belief, practice and character.
CBILS was designed as a short-term solution to a short-term problem. Just over a year later, it has channelled over £23bn into the UK’s SMEs.
Jonathan Stinton talks about why the demand on service might leave brokers facing questions and concerns from remortgaging BTL customers.
As the saying goes, everybody is going through the same storm, but we’re not all in the same boat.