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Category: Bridging

The lender will offer loans from £50,000 with up to 24-month terms for property in England and Wales.

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The lender has also reintroduced its auction finance and bridge-to-let ranges.

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The trade body highlighted conflicting information and inconsistent messaging from the Financial Conduct Authority (FCA) and the courts in a letter to the government.

The integration will see OMS users benefit from direct access to UTB’s extensive specialist lending portfolio via a full two-way integration, providing the ability to generate a full decision in principle, without the need to rekey any data.

The two loans, with values of £1.6m and £900,000 respectively, will provide funding for private developments in south London and on the south east coast.

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The Custom Collection can be used in multiple combinations across standard loans, serviced loans and part-and-part loans, to create a customised product.

The new hires will bolster both its sales and credit teams.

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This is a 5% increase on previous products and follows the news that physical valuations can now take place again.

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The Right Mortgage & Protection Network members will have access to all of the lender’s products, including its AVM and desktop valuation solutions.

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James Bloom said: “Compassion London is doing excellent work and we are very pleased to be able to assist them in this way.”