Specialist lender West One Loans has completed one of its largest loans, after providing a £20m first charge bridging facility against a high value site in a prime London location.
West One Loans, a specialist bridging loan, second charge and development finance lender, has teamed up with ME Developments – an experienced Farnham based venture capital group with expertise in property development – for a £5.5m development finance facility.
West One Loans has today announced a series of changes to their range of Second Charge mortgage products, including the launch of their lowest ever variable and fixed rate products - with rates starting from 3.79% and an expanded range of ERC free products.
We have completed our 1000th second charge loan since its launch through master brokers in July 2017. In this time, the market for second charge loans has grown steadily, with annualised figures from the FLA showing it has become a £1bn market.
Do you really know how flexible bridging loans can be? To give you an idea, here are a few recent creative cases we helped clients with:
We have teamed up with JaeVee - a disruptive prop-tech business revolutionising how people invest, develop and learn about property – for a £3.19m development finance facility.
When property professionals need to borrow money for short periods of time, there are a number of different options available. Typically though, a bridging loan can often offer a very convenient way forward. It’s designed to ‘bridge a gap’ — to give you access to the cash you need until a more...
We are delighted to announce the introduction of our Premier Loan Team to support intermediaries and borrowers who have larger and more complex bridging loan cases.
It’s not unusual for property professionals of all types to find themselves in emergency situations requiring a quick financial fix. Likewise, when a promising opportunity appears suddenly on the market, it can be extremely useful to have a short-term funding option at hand to enable you to make...
You may well remember back in 2006 when the mandatory Houses in Multiple Occupation (HMOs) licensing for England and Wales came into force. It was designed to enforce standards to landlords with properties of three storeys or more – with five or more people, making up two or more separate...