News
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West One Loans Announces Innovative New Scheme To Give 100% Of Arrangement Fees Back to Brokers
West One Loans, one of the UK’s top three bridging lenders, is to reward brokers by returning 100% of arrangement fees on any loan up to £500,000.
The offer to return arrangement fee(s) will begin with immediate effect and will apply to loans of 40% or less of the OMV (Open Market Value) but must not exceed 50% of the FSV (Forced Sale Value). The loans must also be for properties within a major UK city.
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West One Loans Comes 2nd In December 2010
AOBP’s market report for December 2010 showed that West One Loans lent 26% of the total amount lent by UK bridging finance companies, awarding them 2nd place.
It also showed that they had 21% of the market when it came to case numbers.
You can read the full article here.
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West One Loans Announces 18 Month Bridging Option
West One Loans, one of the UK’s largest privately funded bridging finance companies, today announced the launch of an eighteen month bridging option for borrowers.
Bridging loans have a typical life span of up to twelve months; however this longer term option, which carries no exit penalties, as is typical of all West One lending, is a direct result of feedback from clients looking for ways to avoid costly loan extensions. Continue reading “West One Loans Announces 18 Month Bridging Option” »
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West One Loans Completes £275K Bridging Loan Within 24 Hours
West One Loans, one of the country’s largest privately funded bridging finance companies, today announces the completion of a £275,000 bridging loan inside 24 hours, the fastest in their history.
The application for bridging finance was made to West One Loans and was agreed following a mortgage offer that was unexpectedly withdrawn by Santander. The unexpected withdrawal of the mortgage offer placed the client in a difficult race against time to find and agree alternative funding in order to complete the property deal. Continue reading “West One Loans Completes £275K Bridging Loan Within 24 Hours” »
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West One Loans Completes 7 Million Pound Bridge Deal
West One Loans, one of the UK’s largest privately funded bridging finance companies, today announced the completion of a £7million bridging loan.
The deal focus was on a substantial property in Belgravia whereby the current owner required refinance and additional funding for further capital investment. Continue reading “West One Loans Completes 7 Million Pound Bridge Deal” »
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Buy To Let Enquiries On The Increase
According to a new study from TMA, Intermediaries have reported a rise in buy-to-let enquiries over the last three months.
The survey specifically focused on the buy-to-let sector to see if the return of some lenders into the market had any effect on enquiry levels. Over 50% of those interviewed were more confident about the sector’s future than they were this time last year.
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OFT Warns Estate Agents Of Strict New Policies And Fines
The Office of Fair Trading (OFT) has published its interim policy on imposing financial penalties on estate agents and certain credit lenders who have failed to register under its money laundering registration scheme but continue to carry on a supervised activity. Continue reading “OFT Warns Estate Agents Of Strict New Policies And Fines” »
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New skyscraper planned for London’s skyline
London’s skyline could be set to change once again if a major developer’s plans to build a new skyscraper go ahead.
Land Securities is said to be in talks with Songbird’s Canary Wharf Group (CWG) over a possible deal, according to reports from Reuters. Continue reading “New skyscraper planned for London’s skyline” »
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Lloyds puts £100m worth of HBOS property up for sale
Over 700 luxury rental properties across the UK could be up for sale as Lloyds Banking Group disposes assets inherited from the Bank of Scotland. Continue reading “Lloyds puts £100m worth of HBOS property up for sale” »
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Funding secured for £50 million commercial property scheme
A major property development has been given the green light to continue after it secured vital funding from Santander Corporate Banking.
Halifax’s Broad Street Plaza Development in Yorkshire is worth £50 million and is already 70 per cent pre-let, according to the Yorkshire Post. Continue reading “Funding secured for £50 million commercial property scheme” »
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