Short term loan

Houses, house, property, monopoly

Ilsen leaves Regentsmead to launch new lender

Regentsmead chief marketing officer and head of lending Ashley Ilsen has quit to launch a new development finance lender. The new lender is penciled in for launch in the spring. Finance partners have already been lined up to back a “unique offering” in “a sector that I believe is lacking in overall quality”, Ilsen says. […]

Board-Room-Meeting-Room-Business-700.png

Kuflink Group replaces chief executive

Kuflink Group chief executive Tarlochan Garcha has left and been replaced by former group operations director Narinder Khattoare. Garcha left earlier this month. A Kuflink spokesman says Garcha has not taken up a new role yet but that the departure was friendly. Kuflink has also appointed Sukhdev Dhillon and Nattalie Weekes to the board. Khattoare […]

House-Market-Mortgage-Property-700.png

Paradigm teams up with The Loan Partnership

Paradigm Mortgage Services has added The Loan Partnership to its panel, as its preferred specialist lending partner. Products that will now be available to Paradigm members include second-charge mortgage from £5,000 to £2.5m, high LTV products, adverse credit plans and interest-only options. Rates on bridging loans with terms between one to 36 months start from […]

Handshake-Business-Finance-Deal-Corporate-700.jpg

Octane hires Pack as credit Manager

Bridging lender Octane Capital has hired Nicky Pack as credit manager. Pack was most recently a senior underwriter at Alternative Bridging Corporation and worked at Omni Capital prior to that. Pack will report to director of credit Matt Smith. Octane has made 10 hires since its launch in May this year, bringing the team to […]

Bridging lending reaches record highs in Q3: West One

Annual bridging lending reached a record high of £4.7bn in Q3, according to the latest index from specialist lender West One. The ‘Bridging Index’ showed that gross annualised lending increased from £4.3bn in June to exceed 2016’s pre-Brexit referendum high of £4.4bn, breaking quarterly lending records. The figure for Q3 represents a 10 per cent […]

Refurb, build, building

Together launches refurbishment bridging loan

Specialist lender Together has launched a bridging loan to support investors with residential property refurbishment. The lender says it is launching the loan because refurbishment has become the most popular reason for turning to bridging, trumping mortgage delays. Together will lend from £26,000 to £5m, with further advances available. The loan is designed for light […]