New head of HR for LendInvest

Tue 23 Aug 2016

LendInvest has appointed Erin Stewart to lead the company’s growing HR department. Stewart was most recently head of HR for EMEA and APAC at Essence, the global digital agency and the world’s largest independent buyer of digital media. During four years at Essence, Erin oversaw the launch of several of the agency’s Asian offices in […]

Lynda Blackwell to speak at ASTL conference

Tue 23 Aug 2016

The Association of Short Term Lenders has confirmed that Lynda Blackwell, manager of the mortgages sector team at the FCA, will be speaking at its annual conference on 22 September. Entitled ‘Lending in an uncertain world’, the conference will address how the changing world is continuing to affect UK mortgage markets and how businesses in the bridging industry […]

Hampshire Trust Bank’s Commercial Mortgages completes loan in five days

Mon 22 Aug 2016

Hampshire Trust Bank Commercial Mortgages team has completed a loan application from RHL in five days. The deal with the Sussex-based bridging finance business was processed on behalf of a professional landlord seeking to refinance a buy-to-let property to pay off a loan and raise funds for further investment. The loan has  loan-to-value of 62.85%. […]

BlueZest strikes Gould

Fri 19 Aug 2016

Some of the UK’s most experienced financial and tech sector figures have united to re-shape the mortgage sector with the launch of BlueZest – a lending company with technology at its core. BlueZest, which will launch later in the year, will offer a range of products via their website through an easy-to-use and highly secure […] opens Northern Ireland branch

Fri 19 Aug 2016 has opened a branch in Belfast to service second mortgage, bridging and commercial loan markets for Northern Irish customers and brokers, as well as mainland based businesses. Paul McGerrigan, chief executive, said: “We had identified a lack of service for brokers and lenders in N.I and today we have taken a big step in […]

LendInvest backs homes under the hammer at LOT11

Fri 19 Aug 2016

LendInvest has become a funding partner for online auction house LOT11. Items for sale at LOT11 auctions will be pre-screened, allowing bidders to see which properties LendInvest is prepared to back. Summary funding details will be presented at each pre-qualified lot, including key property information. Matthew Tooth, head of distribution at LendInvest, said: “This exciting […]

The Mortgage Partnership grows panel

Thu 18 Aug 2016

The Mortgage Partnership has appointed Kensington onto its lending panel. The Heswall-based packager will offer all of Kensington’s core range of residential and buy-to-let products. And it also has access to a 90% LTV residential semi-exclusive. Ian Ward, managing director at The Mortgage Partnership, said: “We are delighted to introduce Kensington to our lending panel […]

9% fall in turnover for Top 100 nightclubs

Thu 18 Aug 2016

Turnover of the UK’s Top 100 nightclub companies has fallen by 9% in a year as a lack of access to funding and increased competition leaves them struggling to compete with bars and pubs, says Ortus Secured Finance, the London-based commercial lender. Nightclub turnover has been falling continuously over the last three years. Ortus says […]

Steve Khan joins Step One Finance

Wed 17 Aug 2016

Mortgage specialist Steve Khan has joined Step One Finance as head of commercial development. Khan has over 30 years’ experience in the financial services industry and his experience covers a broad spectrum of mortgage broking, origination, banking, trading and third party servicing with stints at John Charcol, Platform Homeloans, UCB and packager Private Label. He […]

Aldermore quits bridging market

Wed 17 Aug 2016

Aldermore bank has announced it will stop accepting new applications for bridging loans from 1 September. In a statement it said changes would apply nationwide but that it would honour all previous lending commitments until the deadline. A spokeswoman for Aldermore said: “As of 1 September we will no longer accept bridging applications but continue […]