Harry Baker, who joined in October 2017, has been promoted to credit manager from senior underwriter.
The Brightstar Group, which includes Brightstar Financial and Sirius Property Finance, re-opened its offices on June 1.
VAS Panel’s database will be used in core geographical areas to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.
The lender will be offering an Automated Valuation Model (AVM), desktop valuations and offering joint legal representation.
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 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 product has been designed to help borrowers balance affordability, optimal loan amount on day one, cashflow and loan-to-value (LTV).
The lender has also reintroduced its auction finance and bridge-to-let ranges.
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.
The trade body highlighted conflicting information and inconsistent messaging from the Financial Conduct Authority (FCA) and the courts in a letter to the government.