LendInvest notes record quarter for signed bridging applications
Thu 22 Oct 2020
Signed bridging applications were up 65% between Q3 2019 and Q3 2020.
Bridging
Octane Capital hits 1,000 completed loans
Wed 21 Oct 2020
The total value of the 1,000 loans is estimated at £1bn and close to half of the loans (493) have already been redeemed.
Aspen Bridging supplies £2.3m three-in-one bridge
Tue 20 Oct 2020
The bridge covers an existing lender repayment, finish and exit, and all-in purchase of a high-end apartment.
Gross bridging loan volumes up 46% in Q3
Fri 16 Oct 2020
Although lending figures were 36% below the pre-COVID levels of £180.94m, they had risen significantly from the £79.4m transacted in the previous quarter.
Aspen supports FTB requiring maximum leverage
Thu 15 Oct 2020
The property was an off-plan, new-build flat in Fulham Reach Development, and will serve as the applicant’s inaugural buy-to-let investment.
Octane Capital sees record completions in Q3
Tue 13 Oct 2020
The number of completions recorded between July and September 2020 was up 125% on the same period last year.
Reim Capital completes bridging loan for care home acquisition
Tue 13 Oct 2020
The loan was offered at 60% LTV on a term of six months.
Roma Finance reduces rates and increases LTVs across the range
Tue 13 Oct 2020
The standard rate for residential investment property bridging has been reduced to 0.65% per month with no exit fee and a maximum LTV of 70%.
Catalyst increases bridging LTVs
Mon 12 Oct 2020
Changes include an increase from 65% LTV to 70% LTV on second charge bridging and an increase of 65% LTV for borrowers with adverse credit.
F4B opens Manchester support centre
Thu 8 Oct 2020
This is situated on King Street, Central Manchester, which was formerly the centre of the banking industry in the North West.