Category: Bridging

Buy-to-let applications were up 14.2%, secured loans by 29.4% and bridging by 31.6% in comparison with Q1 2016.

The firm has switched from AR to DA.

The developer was an existing customer of Shawbrook Bank with a large property portfolio who needed to repay a development loan of £3m with a high street bank.

Smith has spent six years at Borro, where she focused building the lender’s bridging loan book.

As it stands 85% of lenders expect their own volumes to increase in the next six months, while 56% expect the bridging market as a whole to increase.

Loans for properties valued under £2.5m will start at 0.55% up to 50% loan-to-value (LTV) and range from 0.85% for LTVs up to 74.5%.

The pair built and sold sub-prime correspondent lender National Guarantee to GMAC-RFC in 2006.

The academy is expanded to Manchester, Scotland, Midlands and Bristol – applications are now open for all regional dates between May and November.

The investment manager is so far unnamed but has $1.4 (£1.12) trillion of assets under management.

The consultant works with developers, investors and occupiers in both the public and private sectors across the UK and Ireland and provides services including management of complex property portfolios.