Blacks Connect joins Precise bridging panel

Tue 5 Apr 2016

Blacks Connect has joined Precise Mortgages’ short-term lending conveyancer panel. The conveyancer, which is part of Blacks Solicitors, is already on the Precise panel for residential and buy-to-let. David Gilman, head of Blacks Connect, said: “We have enjoyed a hugely fantastic relationship with Precise Mortgages for several years now and I’m delighted to continue this […]

Aldermore extends bridging to Scotland

Mon 4 Apr 2016

Aldermore has extended its bridging and property development lending into Scotland. The product range will provide property finance from development to refurbishment. The lender already offers products for residential, buy-to-let and commercial mortgages in Scotland. Charles Haresnape, group managing director of mortgages at Aldermore, said: “We’re delighted to offer bridging and property development in Scotland […]

BFS achieves 50% turnover growth

Mon 4 Apr 2016

Bridging Finance Solutions has achieved more than 50% growth in turnover at the end of its financial year. Steve Barber, managing director of the Wirral-based short-term lender, anticipated another 40% increase in turnover in the next 12 months. He said: “This is fantastic news for us. We made huge strides during the past 12 months […]

The Lending Channel hosts specialist roadshow

Tue 29 Mar 2016

The Lending Channel is hosting a roundtable event for brokers wanting to improve their knowledge of specialist lending. Aldermore, Bank of Scotland, Masthaven and Shawbrook will be speaking at the event, which will take place at Falkirk Stadium on 27 April, and will be available to talk through any questions brokers may have on commercial, […]

Together granted full FCA permissions

Mon 21 Mar 2016

Specialist finance provider Together has been granted full authorisation from the Financial Conduct Authority for its second charge mortgage business. Group services director Marcus Golby said: “This is great news for our business and highlights our commitment to ensuring we deliver the very highest standards of service and adhere to the principles of treating customers […]

Bridging Finance Solutions sees 50% growth

Mon 21 Mar 2016

Wirral based Bridging Finance Solutions has seen more than a 50% growth in turnover at the end of its financial year, with similar levels of growth anticipated for the year ahead. Steve Barber, managing director of Bridging Finance Solutions, said: “This is fantastic news for us. We made huge strides during the past 12 months to […]

Bank lending to developers halves in two years

Mon 21 Mar 2016

Bank lending to property developers is half what it was two years ago, down from £34bn in January 2014 to £16bn in January 2016, research claims. Funding Options, which calls itself an online business finance supermarket, said this funding shortfall is preventing property developers from starting new projects and could be contributing to the housing […]

Sesame launches specialist lending panel

Fri 18 Mar 2016

Sesame has launched a specialist finance panel to broaden its members’ access to second charge mortgages, residential and buy-to-let packagers, commercial mortgages and bridging loans. The panel consists of specialist distributors Promise Solutions, 3mc, AToM, CFB UK, Enterprise Finance, Mortgages for Business, Positive Lending, TBMC and Vantage Finance. Jane Benjamin, head of lender relationships at […]

FSE Glasgow: Brokers need to embrace development opportunities

Wed 16 Mar 2016

The first time development sector offers the potential for strong business growth for brokers, according to Masthaven head of sales Neil Molyneux. Speaking to intermediaries at the Financial Services Expo in Scotland Molyneux said small scale development projects and downsizing of properties offered strong growth opportunities for brokers and lenders alike. He said: “Brokers should definitely […]

FSE Glasgow: Wrong call on Europe will harm market

Wed 16 Mar 2016

Making the wrong decision in the forthcoming European referendum could severely hamper both the mortgage and second charge markets, The Lending Channel MD Alistair Ewing has warned. Speaking at the Financial Services Expo in Glasgow Ewing said the impact of making a wrong decision could have serious consequences with the UK’s regulatory system set to […]