LATEST BANKS & LENDING NEWS
Canada Life lends Hargreaves Group £50m to drive growth
South East resi and commercial specialist will use finance to help expand portfolio from £400m to £900m.
EstateGuru passes €500m lending milestone
Pan-European property investing and financing platform EstateGuru has hit the €500m (£418m) milestone in loans to property and development projects across the continent.
Lender Puma secures £300m funding line from Waterfall
UK development lender secures US institutional funding line allowing it to raise maximum loan size to £50my.
ASK lends £21.65m to BYM Capital for Barnet shopping centre acquisition
ASK Partners has provided a £21.65 senior loan facility to BYM Capital to fund its acquisition of The Spires shopping centre in Barnet, Property Week can reveal.
Sirius joins forces with Miragon on £26m loan for mansion scheme in Essex
Sirius Property Finance has partnered with Miragon Investments to secure the completion of a development loan to finance the conversion of a listed mansion with a gross development value of £26m.
Industry undeterred by Bank of England’s interest rate rise
Despite a rise from 0.1% to 0.25%, rates remain ‘incredibly low’ – but further increases could be cause for concern.
UK bank branch numbers at half of 2015 due to closures
Banks and building societies have closed or scheduled the closure of 4,735 branches since January 2015, analysis from Which? has found.
