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Bridging finance: Where are we now and where are we headed?

LendInvest’s Business Development Manager Gary Clark takes a look at how the bridging market has evolved over the past 10 years.

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Jeremy Wood Dudley Building Society

Dudley pre-tax profits hit £1.3m

Dudley Building Society saw its annual pre-tax profits to April 2016 rise by £448,000 to £1.3m. The lender’s total assets rose to more than £350m, while mortgage lending rose to £57.4m from £52.2m the year before. The results mean the society is now the largest it has ever been, according to Dudley chief executive Jeremy […]

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FCA fines double for individuals but drop for firms

The value of FCA fines against individuals more than doubled in the past year to reach £17m while fines against companies dropped by more than one third, according to law firm Clyde & Co. In 2014/15, individuals were fined £7m. In the same period companies were fined £1.4bn which dropped to £880m in 2015/16. Overall […]

Editor’s Note: Time to take ownership

The terms ‘sub-prime’ and, to a lesser extent, ‘securitisation’ are still considered dirty words by many in the industry, who would prefer to consign them to the dustbin of history. Michael Lewis’s book, The Big Short, and Adam McKay’s film of the same name last year shed light on the complex cutting-and-splicing of mortgage securities […]

Why we all need to back the housing underdog

The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]