All Banks & lending articles
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NewsHSBC to shut 114 branches next year
Global banking giant HSBC announced it will close 114 of its UK branches next year as the number of customers using them has fallen following the pandemic.
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Online
LendInvest reports leap in funds under management and profits
LendInvest increased funds under management by 20% year on year as profit leaped 45% in the six months to the end of September.
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Mortgage approvals decline ‘no cause for alarm’
The Bank of England (BoE) Money and Credit statistics have revealed mortgage approvals for house purchases decreased by 10%, from 66,000 in September to 59,000 in October.
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LendInvest seeks £300m for new fund
LendInvest is to launch an open-ended fund seeking to raise £300m, with more than £200m in capital already committed from investors.
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Waypark Capital completes £15.4m of loans for UK offices
Waypark Capital, the recently launched commercial real estate lending platform, has completed over £15m of loans in two separate transactions involving UK office properties.
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Interest rates reach 3% for first time since 2008
The Bank of England (BoE) has increased the UK interest rate by 0.75% to 3%, a level not seen since November 2008 during the financial crisis.
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Online
Legacie secures £40m loan for Salford resi scheme
Legacie Developments has secured a £40m loan for from ICG to develop a residential scheme in Salford.
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Impact Healthcare extends lending with HSBC
Impact Healthcare REIT has secured a £25m extension of its revolving credit facility (RCF) with HSBC UK Bank.
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Online
Grit agrees one of sub-Saharan Africa’s largest real estate loans
Grit Real Estate Income Group has agreed a loan and revolving credit facility for up to $306m (£271m).
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Online
UK homes: accelerating the transition
Weather patterns around the world are changing, and extreme weather events are increasing in frequency, becoming more severe and unpredictable. At the same time a rapid increase in energy costs, particularly the wholesale price of gas, has been a key driver of the recent increases in inflation.
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OakNorth Bank acquires 50% stake in ASK Partners
OakNorth Bank has acquired a 50% stake in real estate funding specialist ASK Partners to expand its lending to UK housebuilders and property entrepreneurs.
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Online
LEXI Finance structures facility for £19m Essex housing scheme
LEXI Finance has arranged a development facility for two Essex-based property developers to deliver a multi-unit residential scheme in Fryerning, Essex, with an estimated gross development value of £19m.
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Online
LendInvest AUM up by a third in a year
LendInvest has grown its assets under management (AUM) by 33% over a year, according to its latest trading update ahead of half-year results to the end of September.
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Online
Sirius tells investors it is trading in line with expectations
Sirius Real Estate has told shareholders it achieved a 2.4% rise in annual rent in its German business park portfolio to €115.2m (£100m).
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Online
Sirius refinances €170m of debt with German bank
Sirius Real Estate has completed the early refinancing of €170m (£149m) of lending with Berlin Hyp AG a year in advance of the facility’s due date.
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Online
Retirement group Audley secures £59m loan from Silbury
Silbury Finance has provided retirement home developer Audley Group with a £59m investment loan, secured against four retirement villages located across Greater London and the Midlands.
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News
HSBC mulls move out of Canary Wharf global HQ
Banking giant HSBC has begun a review of its global headquarters location in Canary Wharf, Reuters has reported.
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Online
Aviva to invest up to £110m in kerbside EV charging network
Aviva Investors is set to invest up to £110m in Connected Kerb, the electric vehicle (EV) infrastructure specialist.
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Online
Investec agrees £28.7m loan to Chancerygate for two industrial developments
Investec Real Estate has provided Chancerygate with two 22-month senior development loans totalling £28.7m to support the construction of two industrial schemes.
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News
Glenhawk agrees £200m senior funding line with NatWest
Glenhawk, one of the UK’s fastest growing specialist lenders, has agreed a £200m senior funding line with NatWest Markets (NatWest) to support its ambitions to lend £1bn per year by 2024.
