Category: Bridging
The lender has used VAS Panel’s valuation panel management service since 2017 to instruct third-party valuers to provide loan security valuations.
Jonathan Rubins, director at Alternative Bridging Corporation, said: “Our new range of refurbishment loans provide investors and owner-occupiers with a comprehensive set of funding options that have been specifically developed to finance the different stages of a refurbishment project across both residential and commercial property.”
Rod Lockhart, chief executive of LendInvest, said: “Listing in London today is the next landmark in our growth journey. I’d like to thank each and every member of the team at LendInvest who made this incredible achievement possible.”
Glenhawk lends on residential, commercial and semi-commercial property, refurbishment and conversions as well as second charge with rates starting from 0.65%.
The bank aims to provide more than £1.5bn of business lending over the next five years, with plans to also launch both business and personal savings accounts later this year.
Adam Tyler, executive chairman at FIBA, said: “Ascot Bridging is a forward-thinking business, tuned in to the needs of a wide section of the short-term lending market in which our members work.”
The lender saw Q4 average monthly originations increase 17.1% on Q3 to £146.9m.
The new offering provides borrowers with interest rates from 0.54% up to 65% loan-to-value (LTV), with a loan on properties worth up to £500,000.
Barnes, who has been at Mortgages for Business for two years, will report into COO Gavin Richardson and will be responsible for both packaging and deal placement.
CrowdProperty has funded the development of 1,501 homes, worth £297m, originating £181m of agreed facilities and lending £141,000,000 to date.