Dynamo’s client-facing mortgage consultants and members of Dynamo for Intermediaries will now have access to Magnet Capital’s development finance offerings.
The total value of the 1,000 loans is estimated at £1bn and close to half of the loans (493) have already been redeemed.
The AHGS will help to finance affordable homes across England, including for social rent, affordable rent and shared ownership.
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%.
In addition, Bradley Walker has joined as a surveyor and Marie Livesey has been promoted to the role of associate director.
Specialist Finance Introducer has moved its annual awards online to ensure the health and safety of its attendees.
The scheme will deliver 346 BTR homes, 17 parking spaces and c.12,800 sq ft of commercial space.
Funding 365 has streamlined its light development product by removing the exit fee, to provide a structure that aligns with its bridging products.
The two-bedroom mid-terrace house had permission to be refurbished into a four-bedroom property.
Magnet Capital has seen considerable growth since the property market reopened in May 2020, recording its best month since launching in 2018.