Tag Archives: broker

What can Bridging finance be used for? Commercial Finance, Guest Articles, Guest Columns, Latest Articles, Property118 News

Bridging finance has quite distinct and individual features offering some very useful advantages over other types of secured funding.

The terms are flexible from one month upwards, which allows you to structure the loan to your requirements, and  can often be arranged quickly with an agreement possible within 2 hours and the funds available in one or two weeks if the circumstances fit. Continue reading What can Bridging finance be used for?


Bridging finance is seeing a rapid growth in popularity, availability and affordability Commercial Finance, Latest Articles, Property118 News

There has been a significant shift towards bridging finance, especially in the residential property market. The high street banks are curbing their lending making it more difficult to apply for finance, but with demand for borrowing on the increase, bridging finance lenders have moved into the market to fill the gap.

Falling interest rates have also contributed to the rapid growth of the bridging industry. Bridging loan rates have fallen since the start of 2009 in line with market trends, and this has encouraged more investors to use bridging finance to fund their projects. The trend of declining rates continued in Q1 2012, with the average rate falling from 1.41% per month in Q4 2011 to 1.38%. The average rate also fell year-on-year – it was 1.52% in Q1 2011. We currently have bridging lenders on our panel that will offer rates as low as 0.7% per month. Continue reading Bridging finance is seeing a rapid growth in popularity, availability and affordability


Don’t bash the banks Commercial Finance, Financial Advice, Latest Articles, Property Development, Property Investment Strategies

Is Property Finance Available? This is the first of a series of articles looking at the availability of finance and how to access it in today’s market by Malcolm Jones and Cliff Verrill of Brooklands Commercial Finance.

Lenders have come in for a lot of criticism, some of it deservedly so. However, in realigning their strategies so that they don’t repeat earlier mistakes, they are undergoing a difficult balancing act. On the one hand they have learnt lessons in respect of riskier lending propositions and have rightly curbed activities in these areas and some have pulled out of them altogether. On the other hand, the regulators have imposed stricter controls on bank activities. While the government is saying that banks must lend more, the Basel III accord requires banks to hold more capital to support their lending activities. It also introduced new regulatory requirements on bank liquidity and bank leverage. As a consequence, there are fewer funds to lend as the banks manage their balance sheets to conform to the new regulation. Continue reading Don’t bash the banks


Buy to Let remortgaging is now possible inside 6 months Buy to Let News, Commercial Finance, Latest Articles

Mortgage Trust will now consider remortgaging a property inside 6 months of the date of purchase, but only if there have been significant improvement works carried out which have enhanced the property’s value.

Continue reading Buy to Let remortgaging is now possible inside 6 months


Crystal Mortgages Reduce Three Month Bridging Loan Rate Commercial Finance, Latest Articles

Independent commercial mortgage finance & bridging loan specialist Crystal Mortgages has reduced its three month bridging loan to 0.75% per month, a cut of 0.5%.

The change is available up to 70% LTV, although the company must guarantee to return two months interest if the account is settled in month one.

Free valuation on selected properties and same day decisions are also being offered.

The offers have come off the back of Crystal Mortgages’ most successful quarter in their recent trading history.

Click here to speak to someone about commercial mortgages

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Banks not renewing commercial loans Commercial Finance, Financial Advice, Latest Articles, Property Investment News, Property Investment Strategies

We are witnessing a significant rise in the incidence of some banks refusal to offer new or extended terms to commercial loan facilities. In extreme cases, some banks are demanding early loan redemption. This often leaves the borrower with a major headache in a market where commercial lending is restricted and competitive alternatives are not immediately apparent.

There is no doubt that some banks are ‘shoring up’ their liquidity positions by not lending as broadly as they have done in the past. However, some lenders are very much in the market and the skill is to source those lenders who have an appetite to lend. It is key to present a proposition in a robust manner and, importantly, directing the proposal to the underwriters making the decisions, rather than the local manager who probably has no discretion in these matters. Continue reading Banks not renewing commercial loans


Property118 Landlord Newsletter – Issue 104 Commercial Finance, Newsletter

The latest news and tips for private landlords. Angus Ryan discusses the issues of repossession, harassment and illegal eviction. John Paul covers the importance of forms and procedures in his fourth article of a series of LHA top tips.  And Glenn Ackroyd poses a thought provoking tenant based question.

Continue reading Property118 Landlord Newsletter – Issue 104


Commercial Mortgage and Development Finance Lenders open for business Buy to Let News, Commercial Finance, Latest Articles, Mortgage News, Press, Property Development, Property Investment News, Property Market News, UK Property Forum for Buy to Let Landlords

If you are a regular reader of our news and blogs here on Property118 you may have noticed that in the last few days we have added some new badges to the right margin of our website advertising Commercial Mortgages and Development Finance.

When we started property118.com we made a pledge never to charge our readers and that’s not changed. If you need help we will endeavour to provide it free of charge. Continue reading Commercial Mortgage and Development Finance Lenders open for business


Flood dispute could make commercial landlords suffer Cautionary Tales, Commercial Finance, Latest Articles, Property Investment News

Commercial landlords could find their properties are without insurance in a few months if the Government fails to provide the flood protection insurance companies expect.

The current agreement runs until July, and the Government’s cuts are hitting flood defences. As a result, premiums will increase and some properties are being quoted with insurance of £20,000 a year. Continue reading Flood dispute could make commercial landlords suffer


Buy to let frenzy leads to 110% rise in bridging finance Buy to Let News, Commercial Finance, Latest Articles, Property Market News

Buy to let investors looking for money to close deals pushed loan values for short term bridging lenders up 110% to £911 million last year.

Bridging firm West One claims mainstream banks and building societies cannot cope with demand for buy to let finance, which is forcing borrowers to look to other sources of finance.

The buoyant buy to let sector has carried bridging lenders on the crest of a wave – with borrowing expecting to breach the £1 billion barrier in 2013.

Not only was the amount borrowed up last year, but the number of loans surged by 62%, compared with 2010, said the lender.

Average loan-to-value increased from 44% in 2010 to 47%, while average interest rates dropped to 1.41% at the end of 2011 from 1.64% a year earlier. Continue reading Buy to let frenzy leads to 110% rise in bridging finance


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