View more on these topics

Chesterton buys stake in Springtide

Property consultant Chesterton Humberts is acquiring a stake in mortgage firm Springtide Capital.

Chesterton has not revealed the size of its investment but as part of the deal Springtide will operate as Chesterton’s exclusive intermediary for mortgage referrals.

Chesterton’s investment will enable Springtide to expand its London and Edinburgh operations and develop its proposition in the South-West and Midlands through Chesterton’s network of offices.

Robert Bartlett, chief executive officer of Chesterton, says: “The timely provision of mortgage offers is an essential part of the sales process and we see value in expanding our relationship with a firm that offers a professional service.”

Henry Knight, managing director of Springtide, says: “We have worked closely with Chesterton branches and are delighted to be expanding our association with it.”


August shows highest monthly rent rise in 2011

Rents registered their largest monthly increase in a year in August, rising by 1.2% to an average of £713 per month, according to LSL Property Services’ latest buy-to-let index.

The Mortgage Mole

Floor show At the invitation of bridging lender Omni Capital, last week Mortgage Strategy hacks joined brokers to visit a swanky apartment at One Hyde Park. As the apartment had just been sold for a whopping £53m, guests were asked to wear special slippers so they didn’t make a mess of the floor. They were […]

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


News and expert analysis straight to your inbox

Sign up