Hope Capital increases lending by 50%

Fri 22 Jul 2016

Hope Capital has increased its lending by 50% in the first half of 2016 compared to the same period last year. In July the bridging lender completed a record £3.9m loan on a student residential scheme in Stoke on Trent. Both the number and value of loans have increased significantly this year, the lender said. […]

Complete FS hosts specialist lender expo in September

Fri 22 Jul 2016

Complete FS is hosting its annual Specialist Lender Expo near Southampton at the Meon Valley & Country Club on 21 September. The event will attract a number of specialist lenders and will start with a speech from Shawbrook Bank chief executive Stephen Johnson, who will discuss the impact of Brexit on the specialist sector. The […]

June buy-to-let sales 28.6% lower than last year

Fri 22 Jul 2016

June buy-to-let sales were 28.6% lower year-on-year but still rose by 3% from the month before to reach £2.7bn, Equifax Touchstone analysis shows. Residential mortgage sales were more consistent, growing by 4.4% from last year and by 2.6% from the previous month to £13.2bn. Iain Hill, relationship manager at Equifax Touchstone, said: “June was another […]

Commercial Trust adds Axis Bank to panel

Fri 22 Jul 2016

Commercial Trust, the buy-to-let and commercial finance broker, has added Axis Bank to its panel of lenders – adding more complex buy-to-let choices for clients in London and the South East. The capital and the South East saw the largest increase in supply of rented accommodation in the first quarter of 2016 – yet again […]

Brexit recruitment boost for Bridgebank Capital

Fri 22 Jul 2016

Brexit has delivered a boost to Bridgebank Capital with new enquiries and loan offers in full processing mode going through the roof and sparking a recruitment drive to cope with the live growth. The lender’s large loans brand, Quantum by Bridgebank Capital, is expanding fast and is now looking to recruit in its underwriting and […]

Freedom Finance makes double appointment

Wed 20 Jul 2016

Freedom Finance has appointed Jeff Poole as managing director of Freedom Consumer Finance and Zoe Cuthbertson as head of marketing. Poole has worked in the financial services and payments marketplace for over 25 years and brings a wealth of experience to Freedom Finance in the unsecured lending space, which is a key growth market for Freedom. […]

Roma Finance secures credit facility from RBS

Mon 18 Jul 2016

Manchester-based bridging finance and development lender Roma Finance has secured a significant three-year revolving credit facility and securitisation from The Royal Bank of Scotland. The new funding line, which is one of the first such bridging lender transactions post-Brexit, will allow Roma to lend up to a further £50m a year and move forward with […]

Invoice finance received by UK small businesses up over 60%

Mon 18 Jul 2016

The amount of finance advanced to the UK’s smallest businesses* through invoice finance jumped by over 60% in the last year, reaching £711m up from £435m the previous year, according to the the Asset Based Finance Association (ABFA), the body representing the invoice finance and asset based lending industry in the UK and the Republic of […]

Turnaround times and BDMs top broker wishlist

Mon 18 Jul 2016

Turnaround times and support from business development managers are the most important factors for brokers when choosing a bridging lender, a survey by LendInvest has found. The online specialist property finance lender surveyed brokers based throughout England and Wales to establish the importance intermediaries place on the various services offered by lenders. They were asked to […]

Freedom Finance buys mortgage broker and expands into bridging

Mon 18 Jul 2016

Loan platform Freedom Finance has acquired Doncaster-based mortgage broker Sensible Home Finance. Sensible Home Finance will be rebranded to Freedom Mortgages though owner Andrew Fisher will continue running the firm, while Sensible’s bridging offering will become Freedom Bridging and Commercial. Brian Brodie, chief executive of Freedom Finance, said: “From the moment we started looking for […]