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The Intermediary is home of the latest breaking news, comment, features and analysis for UK mortgage and finance brokers.
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News
Atelier provides £19.9m development loan for 57 Devon homes
3+ day, 1+ hour ago (268+ words) Atelier has completed a £19.9m peak debt development facility, funding the construction of 57 new homes near Westward Ho!, north Devon. The loan, structured over a 36-month term, will enable the development of 48 homes for private sale, as well as nine affordable…...
Shawbrook Financial Sponsors lending exceeds £250m in H1 - The Intermediary - Latest UK mortgage news
3+ day, 3+ hour ago (180+ words) The performance took the bank's Financial Sponsors lending book above £1bn. Shawbrook’s Financial Sponsors team has deployed over £250m of incremental lending this year, marking its strongest first-half lending performance to date. The performance took the bank’s Financial Sponsors lending book above…...
Together provides £1.4m bridge to consolidate Devon farmer's debt
3+ day, 3+ hour ago (335+ words) Together has provided a £1.4m bridging loan to a Devon dairy farmer to consolidate six existing loans ahead of his planned retirement. The farmer had taken out the emergency loans in 2023 after a salmonella outbreak among his herd prevented him from…...
GoGoProp completes £257,000 Manchester bridging loan in 10 days
3+ day, 4+ hour ago (195+ words) GoGoProp has completed a £257,000 bridging loan for an overseas investor buying an off-plan property in Manchester. The facility was approved in principle (AIP) within 24 hours and completed in 10 days, allowing the borrower to meet a fixed completion deadline. The borrower,…...
Legal & General Surveying Services rebrands as Westmarq
3+ day, 4+ hour ago (175+ words) Legal & General (L&G) Surveying Services has rebranded as Westmarq. The national surveying business will provide lenders with property valuations and data to support lending decisions. Westmarq has retained its existing surveying teams and lender relationships while developing its technology and…...
Somo joins Knowledge Bank to give brokers real-time bridging finance criteria access
3+ day, 12+ hour ago (232+ words) Somo has joined Knowledge Bank to give brokers real-time access to its bridging and short-term finance criteria. Brokers using the platform can now search Somo’s criteria alongside lenders across the residential, buy-to-let (BTL), bridging and commercial finance markets. Intermediaries can…...
Beverley Building Society backs cattery owner with mixed-use mortgage refinance
4+ day, 33+ min ago (325+ words) Beverley Building Society has highlighted its mixed-use mortgage proposition after helping the owners of a luxury cattery refinance their home and business through a specialist lending case. The society supported Douglas and his wife, who run a cattery on England’s…...
StreamBank completes £2.61m regulated bridge to support Somerset property acquisition
4+ day, 3+ hour ago (316+ words) StreamBank has completed a £2.61m regulated bridging loan to fund the purchase of a neighbouring residential property in Somerset. The 12-month facility allowed the borrower to complete the purchase without waiting for the sale of a separate property in London. The…...
Shawbrook provides £7.5m development facility for Essex residential scheme
5+ day, 3+ hour ago (281+ words) Shawbrook has provided a £7.5m development finance facility to Daniel James Developments for a residential scheme in Shenfield, Essex. The 23-month facility supported the construction of seven detached homes and the conversion of three apartments at Birley Grange, a private gated…...
Recognise Bank completes £9.9m commercial bridging refinance
5+ day, 4+ hour ago (316+ words) Recognise Bank has completed a £9.9m bridging loan secured against commercial properties in London and Glasgow, allowing the borrower to refinance existing debt and progress its exit strategy. Recognise Bank has completed a £9.9m bridging loan to refinance existing debt secured against…...