Con artists have been cold calling pretending to be from Shawbrook Bank.
This comes as the the Bank of England’s Credit Conditions Survey shows businesses are finding it more difficult to get funding.
Some 62% of surveyors warned the overall market is in a downturn phase of the property cycle.
The best-performing sectors in the selected regions are reported to be office developments and flats.
The majority (83%) of these transactions fall outside the M25.
Some 67% stated that they feel confident about the lending environment in 2020.
Legal & General Mortgage Club members will have access to Impact’s specialist product range.
The bridging loan was for £776,000.
Some 42% of SMEs said that they used external finance.
The loan is for 12 months at an LTV that must not exceed 70%.