All Banks & lending articles
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OnlineUBS scraps Grant Thornton sublease as it moves Credit Suisse staff out of Canary Wharf
UBS has cancelled its deal with Grant Thornton to sublease nearly 105,000 sq ft to the accountancy firm as the Swiss investment bank starts moving Credit Suisse staff from Canary Wharf to its City of London HQ.
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OnlineVida hires Smith as national account manager
Specialist homes lender Vida has hired Oliver Smith as national account manager.
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OnlineQuintain completes refinancing for Wembley Park
Quintain has agreed a £780m refinancing of its Wembley Park scheme with lenders JP Morgan and Cheyne Capital.
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NewsLenders seek shadow licences
Everyone knows lending criteria are tougher now than they have been for some time.
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OnlineSelect secures finance deal for resi development in Manchester
Select Property has agreed a £128.5m finance deal with Maslow Capital to fund the development of a residential scheme in Manchester’s Northern Quarter.
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OnlineHousing Growth Partnership invests £18m to fund new Midlands homes
Lloyds-backed equity investor Housing Growth Partnership (HGP) has invested £17.7m of equity across seven housing schemes in the Midlands since the start of 2023.
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OnlineHouse prices register largest fall in 14 years, Nationwide finds
The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to the Nationwide Building Society.
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OnlineHouse sale completions expected to be lowest since 2021
The number of home sales taking place across the UK this year is on track to be around a fifth lower than in 2022, according to property portal Zoopla.
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OnlineAshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
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OnlineChase New Homes secures £26m Paragon Bank finance package
Chase New Homes has secured a £26m finance package from Paragon Bank’s development finance division to support its 170-unit housing scheme in Saffron Walden, Essex.
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OnlineInterBay closes buy to let lending deal
InterBay has completed a remortgage deal allowing a property investor to pay off its development loan on 28 units above a retail parade in Hemel Hempstead.
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OnlineAviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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OnlineHousing Growth Partnership invests £13m in Manchester BTR scheme
Housing Growth Partnership (HGP) has committed £13m to a joint venture with McGoff Group to deliver the new Downtown Victoria North build-to-rent scheme in Manchester.
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OnlineSilbury Finance provides £67m loan for 341-home development in Bedford
Silbury Finance has provided a £67m senior loan to MCR Property Group to fund the development of mixed-tenure homes in Bedford.
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NewsOakNorth Bank lends Total Fitness £6.5m to expand and upgrade portfolio
OakNorth Bank has provided Total Fitness with a £6.5m loan to refinance a previous facility, refurbish several clubs and target growth opportunities beyond its core health club business.
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OnlineGoldman Sachs reports real estate write-downs
Banking giant Goldman Sachs has reported a $485m (£375m) impairment due to writedowns of its real estate investments, according to the group’s second-quarter earnings.
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OnlineOctopus provides £36.8m loan for Surrey office-to-resi project
Octopus Real Estate has provided Sheen Lane Developments with a £36.8m loan to fund the conversion and extension of a vacant Surrey office block into 174 apartments.
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NewsPuma signs its largest loan yet for Manchester BTR scheme
Puma Property Finance has provided a £50m facility to the McGoff Group for the development of a 237-unit build-to-rent (BTR) scheme in central Manchester.
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OnlinePRS REIT completes refinancing
PRS REIT has completed the refinancing of its £150m revolving credit facility (RCF) with The Royal Bank of Scotland and Lloyds.
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NewsWhat can lenders do if a major contractor becomes insolvent?
The insolvency of a significant building contractor such as Henry Construction has obvious widespread effects on many parties, including employees, customers, contractors and developers.
