All Banks & lending articles – Page 4
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Online
Downing Living secures £227m loan for Manchester scheme
Real estate lending platform Precede Capital Partners and global financial services group Nomura have provided a £227m development loan to Downing Living.
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Online
LendInvest agrees funding deal to back move into home lending
Finance portal LendInvest has agreed an increase in funding from Lloyds Bank to £300m to support an entry into the UK’s £1.2trn homeowner mortgage market.
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Online
HSBC appoints Cushman & Wakefield to review options for Canary Wharf HQ
Banking giant HSBC Holdings has appointed Cushman & Wakefield to conduct a strategic review of its occupational requirements for its global headquarters in London and advise on its long-term property strategy.
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Online
Supermarket Income REIT takes additional £196m stake in Sainsbury portfolio
Supermarket Income REIT has paid £196m for British Airways Pension Trustees’ 25.5% stake in the Sainsbury’s Reversion Portfolio (SRP) .
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Insight
Lenders target new alternatives
There will always be genuinely crazy proposals for property finance, and there will also be those proposals that initially seem crazy simply because they are unusual.
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Online
Edmond de Rothschild secures £42.25m loan for Birmingham BTR scheme
Edmond de Rothschild Real Estate Investment Management has secured a five-year, £42.25m development loan from Barclays to support its construction of a 406-unit build to rent (BTR) scheme in Birmingham’s Gay Village.
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Online
95% mortgage scheme set to launch in new year
A scheme designed to make 95% mortgages more readily available to people buying new homes will be launched in the new year, with the support of more than 50 housebuilders.
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Online
Man Group agrees £50m lending deal for affordable housing schemes
HSBC has provided a £50m lending package to Man Group to help fund the development of more than 1,300 homes across the country, 90% of which are expected to be affordable.
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Online
LendInvest chair moves to non-exec role
Christian Faes will step down as executive chair of LendInvest to take up the role of non-executive chair from the New Year.
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News
Bank of England accused of going “too hard and too fast” as it raises interest rate to 3.5%
The Bank of England has increased its base rate by 0.5 percentage points to 3.5% - the highest increase in 14 years.
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News
HSBC 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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News
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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Online
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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News
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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News
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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News
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.