Month: February 2019

Shining a spotlight on the booming bridging market  Bridging & Commerical

The popularity of bridging has soared over recent years, with annual completions near £3.8bn, according to the Association of Short Term Lenders (ASTL) …

Stamp duty pushing developers to change financing options – BFS  Mortgage Solutions

This is maybe a sign that additional costs such as the 3 per cent stamp duty surcharge is becoming off putting for investors. Instead they are choosing to …

LendInvest saves development with £7.35m bridging loan  BestAdvice

LendInvest has facilitated a £7.35 million bridging finance loan in seven days for a developer. The loan is to purchase a large commercial property in Watford …

Brokers should take a ‘more proactive role’ to ensure development finance will sufficiently repay the bridging loan  Development Finance Today

During an exclusive interview with Development Finance Today, Richard Jones, managing director at Pilot Fish (pictured above), claimed that it may see …

Ortus opens Belfast office  Bridging & Commerical

Ortus Secured Finance has opened its Belfast office and appointed Shane Donnelly (pictured above, left) to head up its Northern Ireland operations.

Refurbishment loans: the three key factors for clients to consider  Bridging & Commerical

The reduction in demand and values in the London residential property market have been well documented over 2018, with changes in taxation, stamp duty and …

Frasers Centrepoint Trust to buy 17.1% stake in PGIM Real Estate Fund for S$342.5m  The Business Times

FRASERS Centrepoint Trust (FCT) has entered into agreements to acquire a 17.1 per cent stake in PGIM Real Estate Asia Retail Fund Ltd for about S$342.5 …

Auriant Mining AB (publ.) publishes January-December 2018 Interim Report  GlobeNewswire

Highlights: Auriant recommenced mining operations at Tardan in July. In 2018, the Company mined 219,000 tonnes of ore with an average grade of 2.58 g/t and …

Bridging finance ‘will remain strong’ despite Brexit chaos  Bridging Directory

Demand for bridging finance will remain strong and it will continue to provide support for property investors despite the uncertainty over Brexit.

Shawbrook and Sirius help investor remortgage nine HMOs  Specialist Banking

Shawbrook — in partnership with Sirius Property Finance — has helped an experienced investor to the remortgage nine HMO properties worth £3.35m.