Category: Commercial

Bridging and development lender Avamore Capital aims to focus on commercial cases more this year, Michael Dean, its principal and co-founder has revealed.

OMS was the first system to develop a full two-way integration with a number of specialist lenders and it offers AVMs, changeable workflows, drag and drop facilities.

From April 2019, UK commercial property held offshore will be subject to Capital Gains when it is sold. This means that properties held in trust in jurisdictions such as Jersey, Guernsey and the Isle of Man will be brought into line with those held on the UK mainland.

Prithcard has over 30 years of experience in senior origination roles in the commercial mortgage sector and joins Lendy from Channel Equity Finance.

In June the most searched criteria for buy-to-let on Knowledge Bank was minimum income, followed by first-time landlords, HMOs, the six month rule then lending to limited companies, Knowledge Bank’s monthly Criteria Activity Tracker has found.

InterBay Commercial has partnered with Legal & General Mortgage Club, meaning that from today Legal & General Club members will be able to access InterBay’s range of commercial, semi-commercial, buy-to-let, HMO and bridging products.

The deal will provide a total of £415,000 over a 20-year term on an interest-only basis to existing professional property owners; the deal enabling the refinancing of existing borrowing and capital for future purchases.

Southampton has the most commercial property appeal, where 43.8% of all properties listed online have sold subject to contract or under offer, online commercial estate agent Virtual Commercial has found.

Your Expert Group, the Glasgow-based specialist finance broker being set up by entrepreneurs, Peter Dean and Derek McPhail, has appointed Nathan Ellis-Calcott as director of specialist lending.

During January to March 2018, authorities undertaking district level planning in England granted 9,900 applications for commercial developments.