Category: Bridging

The poll also found that brokers expect the Prime Minister to see out the year in her post despite political pressure.

Of that total £197.8m was classed as bridging but excludes what is generally termed “light refurbishment”, such as addition or renovation of bathrooms, kitchens and conservatories. 

The bond has a fixed rate of 5.375% for 5.5 years and comes seven months after LendInvest launched its first bond, which raised £50m.

Bridging lender, Mint Bridging is offering free valuations until the end of April 2018 on all new loan enquiries received that are fully completed before the 15 May 2018.

Bridging lender Octane Capital has appointed Dan Tyson as credit manager, joining from Shawbrook Bank where he spent seven years.

David Rubin & Partners, a firm of restructuring professionals, has joined The Association of Short Term Lenders (ASTL) as an associate member.

It has set up Market Bridge Solutions in the country in response to growing borrower appetite in Singapore and Southeast Asia for alternative funding sources outside of traditional mainstream lenders. 

Colin Sanders, chief executive, said: “Having the right team in place is critical to our future success which is why I’m delighted to welcome Dena, Andy and Henry to Tuscan Capital.” 

The short-term property lender was in discussions to secure the funding for six months before the first drawdown last month.

The first wave of the Planning Delivery Fund, totalling £15.8m, has been awarded to enable councils to process more applications, implement new reforms and also train planners to tackle housing challenges.