Author: Benjamin

[openai_chatbot] rewrite this content and keep HTML tags as is: FCS Compliance has announced a free webinar for letting agents in advance of new anti-money laundering (AML) sanctions being introduced by the Office of Financial Sanction Implementation (OFSI) on 14 May 2025. The hour-long webinar will take place from 10.00 am on Thursday 10 April. The new financial sanctions regulations will place stricter obligations on letting agents who must ensure that neither tenants, nor landlords are listed on government sanctions lists. Malcolm Driscoll, lead AML consultant at FCS Compliance will co-host the webinar with FCS colleague Stephen Williamson, senior AML…

[openai_chatbot] rewrite this content and keep HTML tags as is: Estate and letting agency CRM provider, Street, says it is ‘throwing a lifeline’ to agents disrupted by the disruptive Rentman software issues by temporarily doubling its onboarding capacity to allow fast-tracking of support for agents looking to switch over service provider. Following reports of hundreds of agents struggling with a sudden software switch and significant business disruption, Street has moved to win new business. “We’re aware of the recent reports highlighting the challenges Rentman users are currently facing,” said Stella Nicol, head of operations at Street. “We’ve been…

[openai_chatbot] rewrite this content and keep HTML tags as is: Chestertons in London has signed a five-year contract to continue its involvement with the world’s largest polo tournament, Chestertons Polo in the Park, continuing one of the property industry’s longest running sponsorship partnerships. Since becoming headline sponsor in 2014, Chestertons has helped grow the three-day event, with around 30,000 people attending each year and tickets regularly selling out. As well as attracting large crowds, the event also attracts some of the world’s best polo players and each year, top international teams – including those from India, Argentina, Australia and the…

[openai_chatbot] rewrite this content and keep HTML tags as is: A 242-room purpose-built student accommodation block in Manchester has benefitted from a £19.2m loan provided by Secure Trust Bank Real Estate Finance. Located in the heart of Manchester’s key education hubs, Riverside House serves a wide spread of institutions, with the University of Salford, Futureworks and UCEN all within walking distance. The five-year PBSA loan has enabled real estate investment firm BGO to back Orka, a technology-enabled emerging manager with a focus on operational real estate. Riverside House was refurbished ahead of the 24/25 student year to include…

[openai_chatbot] rewrite this content and keep HTML tags as is: “It’s been great to support Chris & Craneview on another, very attractive scheme in this popular town in Northamptonshire”- Steve Hallam – Paragon Bank Paragon Bank has announced that it has provided a £2.9m funding package to a joint venture between developer Castlegate Homes and construction company Craneview EM Limited, to support its Maplefields scheme in Kettering, Northamptonshire. Constructed on the site of the former Maplefields school on Beatrice Road, the scheme comprises 14 newly built homes with a mix of bungalows and detached houses, ranging from two…

[openai_chatbot] rewrite this content and keep HTML tags as is: Aspen Bridging has announced that it has completed a £4.6m bridge-to-let for refinance and light works on a luxury apartment in Chelsea, allowing the applicant to complete a small refurbishment of the interior followed by two years of rental servicing. The property is an impressive five-bedroom luxury penthouse, situated on the River Thames, which is set over three upper floors of a modern block and also comprises five external terraces. The case was completed in under a month with the lender using their remote signing and witnessing agreements…

[openai_chatbot] rewrite this content and keep HTML tags as is: “This is a unique and very exciting site – I’m not surprised to see that they already have a queue of prospective buyers, there will be nothing else like this on the market in that area”- Daniel Joyce – Close Brothers Property Finance Close Brothers Property Finance has announced that it has agreed a £24m loan with the James Taylor Homes Group and HGP to redevelop the headquarters of the Blind Veterans UK charity. The site is an iconic Grade II listed training and rehabilitation centre in Ovingdean,…

[openai_chatbot] rewrite this content and keep HTML tags as is: “By incorporating a blend of development exit, part-complete, and ground-up funding, we have provided the borrower with a flexible and strategic solution to support their project through to completion”- Andreas Yianni – Pivot Finance Specialist real estate lender Pivot has announced that it has successfully completed a funding package comprised of three loans for a residential development in Denby Dale, West Yorkshire. The £6.5m facility is uniquely structured to encompass three distinct loan types within a single transaction—a development exit bridge, part-complete development loan, and ground-up development facility.…

[openai_chatbot] rewrite this content and keep HTML tags as is: “I am very proud of all parties involved in the transaction, we all worked harmoniously with the end goal of supporting the client. Together, we are supporting SMEs to build more homes in the UK”- Hiten Ganatra – Mortimer Street Capital Mortimer Street Capital has announced that it has arranged a new £4.1m development finance facility for a repeat client comprising a £3.2m debt restructure and a £200k VAT Bridge, using funding partners LendNet, and two other specialist debt funders. The client approached MSC in late 2024 to…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…