Category: Bridging

Central Bridging has completed a £2m second charge bridging loan in just 10 working days for a professional property investor based in North West London.

Bridging Finance Solutions has lent £643,000 to a private developer to buy a large detached house in Wirral with scope to build a second home on the existing grounds.

London Credit, a provider of business-purpose bridging loans, has joined The Association of Short Term Lenders (ASTL) as a member.

UK Agricultural Finance has appointed Lord Davies of Abersoch, the former chief executive of Standard Chartered Bank and government minister, as its chairman.

Simon Burnell, formerly director of sales at Vida Homeloans, has joined United Trust Bank as head of product development for mortgages and bridging.

Shawbrook and Clever Lending lent an experienced investor £207,500 to purchase a vacant commercial property, helping them with a complete property journey from purchase through to refurbishment and sale.

The lender, which launched this year, is based in Mayfair in London.

Rates will now range from 0.49% to 0.59% per month across residential bridging ranges, including its 80% LTV and heavy refurb products.

The partnership comes in response to increased demand from NACFB members for an effective way to conduct due diligence checks on both individuals and businesses.

In July 2016 Roma secured funding from RBS which enabled the company to lend up to £50m a year and the new facility almost triples that amount.