LATEST BANKS & LENDING NEWS
Downing closes £25m Peckham development loan
Investment manager Downing has completed a £25m development loan on a scheme in Peckham, London.
Nationwide’s net lending drop shows ‘decline in confidence in housing market’
Nationwide’s net lending drop from £7.1bn to £3.3bn for the year ended 4 April 2023 reflects an overall decline in confidence in the housing market, according to financial experts.
‘Real risk’ of buyers facing negative equity as Skipton launches 100% no-deposit mortgage
Fears have been raised that those seeking to get onto the property ladder via 100% mortgages could face negative equity in the future.
LendInvest joins forces with BNP Paribas in £300m funding syndicate
Finance platform LendInvest has added BNP Paribas to its £300m financing syndicate with HSBC and Barclays Bank to support its short-term mortgages business.
Industry split on potential return of Help to Buy
Potential plans to relaunch the Help to Buy (HTB) scheme ahead of the next general election have divided industry experts.
L&G’s BTR business agrees £150m loan
Legal & General’s suburban build-to-rent (BTR) business has signed a £150m five-year revolving credit facility (RCF) to finance its pipeline of 1,000 homes.
Clearbell secures £55m financing deal on The Kodak building
Clearbell Property Partners III has completed a £55m refinancing of The Kodak building in London’s Midtown.
