West One Loans Bridging Finance Index Research from West One Loans, who claim to be the largest privately funded bridging lender in the UK, shows that demand for bridging finance surged to £911m. Here are the mains points from their press release: Gross bridging lending in 2011 was 110% higher than in 2010 The average …
Property developer, Bovis Homes Group have shared some good news in their preliminary results for the year ending 31st December 2011. They report an operating profit of £36m for 2011, an increase of 69% on the previous year. The background makes quite positive reading too. There were 2045 completed home sales, an increase of 8%. …
There is a long standing debate within the residential mortgage market around the viability of interest only mortgages. The Financial Services Authority (FSA) have made no secret of their distrust of lenders who rely on interest only lending. However, some consider that this is a consumer driven product and it is quite likely that most …
Applying for a commercial mortgage is fundamentally the same as applying for a residential one, some of the questions may be a little different, but the answers need to be broadly the same. It will come down to questions about the security you are offering for the loan, your credit rating and how long you …
It’s probably true to say that the majority of people using bridging finance are doing so for the first time, and probably won’t use it again. That’s not to say there is anything wrong with the bridging finance industry, but it’s relevant because it means that customers and brokers are unlikely to be familiar with …
According to figures just released the number of Buy to Let mortgages being approved has increased.