Archive for February, 2015

3 out of 4 brokers forecast bridging surge

New research carried out by United Trust Bank has revealed that the majority of brokers in the bridging sector expect business volumes to grow in 2015. UTB’s research revealed that 73 per cent of brokers expect to complete more bridging […]

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Mint rescues client with record-breaking loan

North West-based bridging lender, Mint Bridging, recently completed the re-finance of an existing bridging loan which is understood to have exceeded company records. The client had been read more »

LMC completes £5m in 5 days

Lancashire Mortgage Corporation has recently completed two bridging loans worth £11.25 million where one of the deals totaling at £5 million was completed in five days. Staffordshire-based finance broker read more »

Cricket club handed £2m bridging loan

A council has approved a £2 million bridging loan to fund a major development at one of the country’s biggest cricket clubs. Derby City Council’s cabinet agreed to fund read more »

Brokerage closes in on £2.6m bridge

Commercial brokering specialist JM Financial has structured a £2.6 million bridging loan with a high street bank on a North London property. The brokerage had previously encountered a deal read more »

HSBC grants £170m bridging loan

HSBC advanced a bridging loan worth €225 million (£176 million approx) to a property firm. Intu Properties plc has revealed that it has exchanged contracts with an entity indirectly read more »

ASTL bridging book expands by 54%

In 2014, £2.27 billion worth of loans were written by the Association of Short Term Lenders, marking a 54 per cent increase on the previous year. Additionally, the value read more »

Bridging sidesteps EU Mortgage Directive rules

Published on 29th January 2015   Bridging finance is set to remain exempt from a set of oncoming regulation changes to lending in the UK. This week, the Government announced its
 read more »

When the regulators come knocking …

Published on 6th January 2015   Following new complaints guidance being issued by the FCA, Ian Lewis, senior partner at law firm Lewis Hymanson Small (LHS) said it pays to read more »

Industry votes in favour of Director qualifications

Published on 15th January 2015   Industry experts have hailed the idea of a national qualification for Directors in the wake of last year’s debate. The feedback was unanimous to B&C’s read more »