Spanish investor secures £1.2m Chelsea bridging loan
A Spanish-based property investor has secured a £1.2 million bridging loan against a Chelsea buy-to-let property, allowing them to refinance an expiring mortgage facility whilst releasing capital for a hospitality…
Specialist lender completes £2.9m bridging deals
Specialist bridging lender TAB has completed two bridging finance transactions totalling £2.9 million for properties in Oxfordshire and Kensington, both introduced through the same broker, Prism Private Finance. The first…
Lendhub provides £1.22m for Havering housing scheme
Specialist property finance lender Lendhub has completed a £1.22 million development finance facility for the construction of two four-bedroom semi-detached houses in the London Borough of Havering. The 18-month facility…
Two in five leaseholders report unexpected service charge rises
Forty percent of leaseholders have experienced unexpected increases in their service charges, according to a survey of 2,000 leaseholders published in a new report. The research found that service charges…
Cambridge single-family rental scheme secures £125m refinancing
Apache Capital and Nuveen Real Estate have secured £125 million in refinancing from United Overseas Bank for Present Made, Eddington, a 373-home single-family rental development in Cambridge. The two-year facility…
Bridging lender facilitates below-market property deal
Bridging lender Somo has completed a second charge loan enabling a borrower to acquire a buy-to-let property valued at £500,000 for £350,000, whilst simultaneously clearing six months of mortgage arrears.…
Average UK home price buys five beds or studio flat
New analysis from Rightmove has highlighted the significant regional variation in what the average UK asking price of £378,000 can purchase across different parts of the country. The property portal’s…
Renovation properties lose appeal as buyers seek move-in homes
The appetite for properties requiring significant renovation has declined sharply, with only 6% of buyers actively seeking such projects, according to research from property group LRG. A survey of more…
Burnham proposes major council housebuilding programme
Andy Burnham has outlined plans for a large-scale council housebuilding programme in his first major speech in Manchester, targeting what he described as Britain’s housing crisis. The proposal centres on…
UK housing market weakens as sales fall 7% year-on-year
The UK housing market has continued to soften, with sales agreed down 7% year-on-year and buyer demand falling 15%, according to the latest Zoopla House Price Index. The data reveals…