Development finance

Aspen competes £1.13m dev exit loan

Aspen Bridging has provided a borrower with a £1,130,000 development exit loan in just...

Paragon Bank backs Essex development with £25m funding

Paragon Bank’s development finance division has provided a £25m revolving facility to refinance the...

HREF provides £4.5m development exit loan for Dorset properties

Bridging lender Hilco Real Estate Finance (HREF) has completed a development exit loan of...

Alternative Bridging Corporation secures new warehouse line

Alternative Bridging Corporation (ABC) has agreed a new funding relationship of up to £200m...

Hope Capital provides £14m funding for three deals

Hope Capital has completed three cases for a repeat borrower totalling £14m. Working with Chris...

Economic potential of UK home building revealed

In 2023, home building in England and Wales generated £53.3bn of economic output and...

Aspen provides £6.95m dev loan in five days

Aspen has completed a £6.95m light development loan at 75% LTV in five days...

Black & White Bridging secures £100m funding line

Black & White Bridging has agreed a major new funding line of £100 million. It...

CapitalRise completes £8m senior development loan

CapitalRise has closed a £8.22 million senior development loan for a residential project in...

Aspen unveils rate reductions

Aspen Bridging has reduced its rates by up to 60bps for all new applications. Flat...

West One Loans merges bridging and development finance teams

West One Loans has merged its bridging and development finance arms into a single...

Black & White Bridging appoints non-executive director

Black & White Bridging has appointed a new non-executive director (NED). Retired solicitor,...

HTB uses portfolio indemnity for £6.9m remortgage

Hampshire Trust Bank (HTB) has completed a complex £6.9 million remortgage for a property...

BDLA makes three executive board appointments

The Bridging & Development Lenders Association (BDLA) has announced three new appointments to its...

COMMENT

Rates are moving and regulation is evolving

Many lenders are having to increase their rates, and that trend looks set to continue over the coming week. For clients whose current deal...

Building tomorrow’s mortgage market: AI built on trust, governance and confidence

The government's Financial Services AI Adoption Plan, led by Harriet Rees, group chief information officer at Starling Bank, and Dr Rohit Dhawan, group director...

The protection prompt: what AI still needs to get right

The Mills Review has prompted plenty of discussion across the mortgage industry. While much of the focus has been on the finding that a...

Why second charges are helping Right to Buy borrowers do more with their home

For many people, Right to Buy is still one of the most accessible ways to become a homeowner and over the last five years,...

The case for tech fluency before AI adoption in the mutual sector

It often feels like there is only one conversation taking place in financial services at the moment: artificial intelligence. Whether it’s trade shows and...

Latest news

Final call for views on FCA mortgage reforms

The mortgage industry has until tomorrow to respond to Financial Conduct Authority proposals intended...

One in five borrow to fund private healthcare

Almost one in five people who recently accessed private healthcare used a credit card...

Digital mortgage ID checks unaffected by government U-turn

Digital identity verification used by mortgage lenders, brokers and other regulated firms is unaffected...

Family BS launches broker Mortgage Hub

Family Building Society has launched an online mortgage application platform designed to give brokers...

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