Pluto Finance has completed a £3.4 million development exit bridge loan for Storey Homes’ Birch Meadow development in Hertfordshire. Birch Meadow is an exclusive development consisting of 12 three, four and five-bedroom homes located on Cambridge Road in the Hertfordshire village of Barkway, near Royston. Storey Homes is a family-owned property developer, which has […]
The specialist short-term property finance provider has added David Pusinelli as chairman and Nigel Payne as non-executive director.
The client, a UK-based hotelier, along with several shareholders, required the new bridging loan to refinance a former bridging loan at the end of its term.
The services sector, which accounts for around 80% of the UK economy, has been missing from Brexit negotiations, according to The UK in a Changing Europe.
The product has been designed to help borrowers balance affordability, optimal loan amount on day one, cashflow and loan-to-value (LTV).
The report predicted that the bedroom surplus will exceed 20 million by 2040, with nearly 13 million people above the age of 65 living in largely unsuitable households.
It plans to secure matched funding from the government’s Future Fund to support its next phase of growth.
A selection of 2-year, 5-year and 7-year fixed rates are available in each range of BTL mortgage products.
Kensington Mortgages has relaunched buy-to-let (BTL) purchase applications across England, now that physical valuations can take place. There is a maximum loan amount of £500,000 for BTL products. Kensington Mortgages has also relaunched its Help to Buy offering and reinstated new-build applications. Rates start from 4.54% for a 2-year fix at 75% LTV. Last […]
The Mini Loan starts at £50,000 and goes up to £150k; this is the first time the lender has been able to offer brokers and their clients loans from this low amount.