Bridge Loan for £375,000 for Refurb of 4 x Maisonettes – Yaxley

Case StudyBroker: The Property Finance CollectiveClient: Almond Penstar Ltd Project: Purchase and Refurb - 4 x 3 Bedroom MaisonettesPurchase price: £285,000Est Valuation after refurb: £500,000Gross loan: £375,000Location: YaxleyIssue Michael Primrose from The…

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How the financial crisis of 2008 helped bridging lenders

Following the financial crisis, many banks restricted lending activities. They also created tick-box methods of assessing loan risks that made it difficult for investors to gain finance for non-standard loans. Alternative lenders saw a gap in the lending market (more…)

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Majority of brokers expect lenders to keep their credit policies unchanged

A survey by United Trust Bank found that 57% of brokers who work in the bridging, asset finance and development areas believe that lenders will keep their credit policies largely the same over the next year.

The managing director of the United Trust Bank, Harley Kegan, said that most brokers think that (more…)

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