Former City lawyer and European property developer Amit Majithia has joined the short-term property finance specialist Avamore Capital as principal. Majithia will bring more than 15 years of legal, property development and investment experience to the team and will join the firm with effect from 23 May 2016. “We are extremely pleased to have found […]
Annual gross bridging lending was up by 56% during the quarter of 2016, the latest Bridging Trends survey has found. The firms contributing to the survey lent £125.35m in Q1 which represents a 3.4% increase on Q4 2015 (£121.21m). Joshua Elash, director of bridging finance lender MTF, said: “It is positive to see an increase in the gross lending volumes […]
A ‘Brexit’ poll of over 150 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages has revealed that if broker views are anything to go by, the outcome of the European Union referendum rests on a knife edge. The new poll, carried out in April by specialist lender United Trust […]
Leeds Building Society has unveiled two buy-to-let remortgage products – a 3.04% 2-year fix and a 3.49% 5-year fix to 70% loan-to-value. The mortgages come with no completion fee, a free valuation and fees assisted legals. Jaedon Green, Leeds Building Society’s director of product and distribution, said: “Many landlords will be considering their portfolios in […]
Complete FS, the South Coast based specialist packager, is offering its introducers the opportunity to play football at Premier League Southampton FC’s St. Mary’s stadium, as a Complete FS 11 takes on a Shawbrook Bank 11 on Thursday 26 May starting at 7pm. According to Complete FS’ director, Phil Jay, this is a great opportunity to […]
The value of lending to small businesses via overdrafts is falling by £100m a month as SME bank overdrafts die out, Funding Options, the online business finance supermarket, has found. Figures show that at the end of March this year, SMEs were borrowing £12.1bn in bank overdrafts, compared to nearly £14bn at the end of […]
Bridgebank Capital Group celebrated its 10 year lending anniversary on Thursday evening with a Thames Cruise for the introducers, professional partners and colleagues who have supported it in reaching this key milestone. In addition to celebrating a successful 10 years of trading, The Bridgebank Capital Group recognised this occasion as an opportunity to thank introducers for their continued […]
LendInvest Capital, the fund management and advisory division of LendInvest, has appointed Jesse Mosebye from Scotiabank to join its expanding team. He joins LendInvest from Scotiabank where he spent five years in the European Capital Introductions team building investor relationships for the prime brokerage team’s hedge fund and asset management clients. He will work closely […]
Hampshire Trust Bank’s asset finance division has completed over 4,000 deals since it began operating two years ago. While there has been a significant increase in new and used light commercial vehicles and car transactions following the introduction of the new 16 plate in March, the Asset Finance team, which operates via a UK-wide network […]
Barbara Corbett has joined the Bridging Finance Solutions team as finance controller. Formerly a management accountant at an international construction consulting firm and prior to that a finance manager of a manufacturing company, Corbett brings a wealth of experience to her new role. She said: “I’m really excited about my new position. I was keen […]