Category: Bridging
Funding an investment purchase was the most popular use of bridging finance whilst the number of first charge bridging loans increased as buyers rushed to complete purchases.
The Annual Conference will be held as a virtual conference, enabling delegates to attend from wherever they have an internet connection.
Paradigm member firms will now have access to HTB’s range of specialist funding solutions including complex specialist buy-to-let and residential bridging.
Alternative Bridging recently launched a range for light and heavy refurbishments on residential and commercial property.
Damien Druce, commercial director at Black & White Bridging, said: “With Lyn’s arrival, our senior management team is now complete for the next phase of Black & White’s development.”
The lender has seen gross completions across its short-term bridging and development offering increase 32% from H1 2020, to £485m for 2021.
The property, a three bedroom terrace in London, was purchased at an loan-to-value (LTV) of 60% with a loan of just over £240,000 on a 12 month term.
Members of PMS and Sesame now have access to the bank’s range of residential first charge mortgages and bridging finance.
Jack Coombs, director at Aspen Bridging, said: “Our team at Aspen is committed to offering a best-in-class service based on time-based service targets to brokers and borrowers.”
The RomaPrime range is a bridging finance range with rates from 0.60%, and is designed for borrowers with a prime profile and properties of standard residential construction.