Ryan Fowler

British Business Bank agrees £25m facility with Haydock Finance

Fri 19 Feb 2016

British Business Bank Investments has agreed a £25m facility with Haydock Finance, one of the largest independent leasing companies in the UK. The three-year funding commitment is structured as a block discounting facility and is part of the Bank’s Investment Programme, which has now committed a total of £110 million to asset finance companies. The programme […]

Ortus targets NI with new commercial funding

Sun 14 Feb 2016

Ortus Secured Finance, the London-based commercial lender, has raised a new fund to lend £40m to leisure businesses across the UK and against Northern Irish commercial property. The fund will specialise in lending to pubs, hotels and nightclubs across the UK which require short-term finance, for instance to help them cover costs incurred through sudden […]

Fazakerley joins Haydock Finance

Sun 14 Feb 2016

Haydock Finance has appointed ex-CIT business development director Paul Fazakerley as its new sales & marketing director. Fazakerley will be responsible for developing new asset finance opportunities, and has over 20 years in the industry with funders including HSBC Asset Finance and GE Capital. His recruitment forms part of a series of recent appointments for Haydock, […]

Second charge repossessions at seven year low

Thu 11 Feb 2016

The number of second-charge mortgage repossessions hit the lowest level for at least seven years in 2015 with just 228 homes repossessed over the entire year, data from the  has shown. The final quarter of 2015 saw the biggest drop in repossessions when 33 properties were repossessed  – down 58.2% on the same quarter in 2014. […]

British Business Bank to provide £51m in asset finance

Wed 10 Feb 2016

The British Business Bank has agreed a £51m facility to non-bank finance provider LDF to increase asset finance for the UK’s small businesses. The transaction, which marks the second tranche of the British Business Bank’s new ENABLE Funding programme, has been 50% guaranteed by the European Investment Fund and will allow the LDF to “substantially […]

Investly launches P2P invoice finance platform

Tue 26 Jan 2016

Investly has launched a peer-to-peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. As part of the UK launch, Investly is offering the 20 first accepted companies the chance to sell an invoice worth up to £5000 discount free. Investly explains it has simplified the invoice financing process […]

Aldermore restructures commercial team

Thu 21 Jan 2016

Aldermore has restructured its commercial lending division with the appointments of Gareth Claxton as national sales manager and Mark Pagett as lending development manager. After originally being appointed as head of commercial mortgage lending in January 2014 in the new role Claxton will manage the entire field based commercial lending team, deliver the bank’s commercial […]

Commercial transactions reach 2008 level

Thu 21 Jan 2016

December 2015 saw 9,700 seasonally adjusted commercial property transactions, the highest December levels since 2007, figures from HMRC showed. For the year as a whole there were 117,050 commercial transactions – the highest level since 2007 and 0.4% higher than the 116,620 recorded in 2008. Andrew Lloyd, managing director of Search Acumen, said: “The commercial […]

LendInvest hires in-house counsel

Thu 21 Jan 2016

LendInvest has appointed an in-house legal counsel to help with regulatory changes and legal provisions. The online short-term property lender has hired Ruth Pearson from Simmons & Simmons where she was a managing associate in the banking team after joining as a trainee in 2007. She will work closely with the company’s heads of compliance […]

Century Capital completes £3m offshore bridge

Thu 21 Jan 2016

Century Capital completed a £3m bridging loan for a British Virgin Islands-based company in four days. The loan was against a against a £15m property in Mayfair at 20% loan-to-value with a proposed term of 12 months, with the lender retaining six months’ interest at the outset. The exit has now been agreed, with the […]