Property refinance on £1.3m Cheshire asset completes in 10 days
Albatross Lending Group has completed a £760,500 property refinance against a residential investment property in Cheshire, finishing the deal in 10 working days. The loan helped the borrower avoid penalties…
U.S. Buyer Demand Hits Record Low as Home Prices Fall for the First Time in 3 Years
Email Sign Up For Our Free Weekly Newsletter U.S. home-sale prices have declined for the first time in more than three years, marking a significant shift in the housing market…
Lincolnshire developer secures £3.03m facility to complete nine-home scheme
Assetz Capital has provided a £3.03m development exit finance facility to support completion of a nine-home development in Woodhall Spa, Lincolnshire. The six-month facility has been agreed at 71.25% loan-to-value…
Pallas Capital completes £10m refinance of Cotswolds hotel
Pallas Capital has completed a £10m refinance of Dumbleton Hall, a 34-bedroom country house hotel in the Cotswolds, with the facility supporting the business through its trading ramp-up following an…
Price negotiations continue as growth stagnates
Buyers scrutinise asking prices and negotiate harder as Nationwide reports annual house price growth slowing to 0.5%. Please visit: Our Sponsor
7 in 10 rent rises are being cut by tribunals
Landlords typically allowed only half requested rise Of the 667 market rent decisions made by the First-Tier Tribunal since the Renters’ Rights Act came into force on May 1, only…
RRA has harmed business for half of landlords
Reform prompting a 33% to sell and 29% to reconsider expansion More than half of landlords (53%) believe the Renters’ Rights Act has negatively affected their buy-to-let business since the…
£975,000 bridging loan refinances Cheshire holiday let
Recognise Bank has completed a £975,000 bridging loan to refinance a residential property in Cheshire and release equity, giving the borrower room to restructure their finances before securing longer-term funding.…
£774,000 commercial loan backs East Yorkshire seafront hotel
SDKA has completed a £774,000 commercial loan in under two months to support a returning client’s below-market-value purchase of a historic seafront hotel in East Yorkshire. The six-storey property dates…
£271k bridge releases equity on Bexhill-on-Sea property
Shawbrook has announced that it has provided a £271,000 bridging loan to Vitae Investments Ltd, releasing equity from a property in Bexhill-on-Sea and securing the deposit for the borrower’s next…