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Category: Bridging

The vendor was only willing to sell the property if the customer could prove they were a cash buyer or could complete within an eight week period.

Its rating is based on a number of key factors including corporate governance, internal controls, due diligence, data disaster mitigation and the financial health of the company.

recruitment

Nick Johns, sales director, Sarah Stroud, director, and Luke Egan, bridging and development director, all take up board positions and will run the business with managing director, James Rainbird.

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. 

vic jannels astl

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.

cut rates rate

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.”

annual house price growth

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.