Development Finance
Octopus Property launches residential development-light product
The intermediate development product, for projects with build costs between £0.5 and £1.5m. […]
Development Finance
Development Finance
LendInvest streamlines development finance product transfers
The product transition process allows existing borrowers to transfer easily between specialised loans that are tailored to support them at each stage in their development project. […]
Development Finance
Aldermore more than doubles maximum development loan size
Aldermore has increased its maximum property development loan size from £10m to £25m. The bank said the move is a response to increased demand from developers looking to borrow through tailored financing facilities. Simon Knowles, […]
Bridging
Ashley Ilsen to leave Regentsmead and set up new lender
Ashley Ilsen, formerly CMO and head of lending at Regentsmead, is set to leave the firm to launch a new development finance lender. Ilsen (pictured) said the new lender will be looking to add an […]
Bridging
Developers massively overpaying on interest
Developers are squandering £20m a year on interest they don’t need to pay, research from specialist packager Thistle Finance has revealed. Companies take out development finance loans for the duration of their builds. However, once […]
Development Finance
Octopus Property funds development deal
Specialist property lender Octopus Propert will provide an 18 month, senior debt facility of over £20 million to London-based developer Ktesius Projects, to build 70 residential units in Brighton. They have started building the seven […]
Bridging
Number of potential self-builders up by 80%
The number of people wanting to build their own home has increased by 80% over the past year, research by the National Custom and Self Build Association (NaCSBA) has found. Some 33,000 have signed up to […]
Commercial Finance
Construction output on the rise but commercial still weak
UK construction activity recovered in November with output rising at the fastest rate for five months however the commercial sector is still shrinking, the latest IHS Markit/CIPS PMI has revealed. The November IHS Markit/CIPS Construction […]
Development Finance
Government pledges to improve housing sector consumer redress
The government is to look at options to improve consumer redress across the housing sector, Communities Secretary Sajid Javid (pictured) has announced. Speaking to an audience of housing professionals in London, he set out his […]
Bridging
Oblix Capital completes £1.4m re-bridge
Bridging and development lender Oblix Capital has completed a ‘complicated’ £1.4m residential bridging loan secured against a freehold house in a pedestrianised mews in London’s Fitzrovia area. The bridge was for 12 months and provided […]