News Archive

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Property firm behind Cardiff’s tallest hotel collapses owing £3m
Monday 8th March 2010
Angry contractors have been left in shock after the firm behind a new Radisson hotel in Cardiff city centre went bust, leaving them unpaid for five

60% of landlords in favour of buy to let regulation
Monday 8th March 2010
The majority of landlords support stronger regulation of buy-to-let mortgages and advice, according to a survey conducted by LSL Property Services plc, which owns the UK's

Jailed broker banned and fined for fraudulent mortgage applications
Monday 8th March 2010
The Financial Services Authority has fined Bromley mortgage broker, Dele MacAulay, £115,157 for knowingly submitting nine fraudulent mortgage applications for himself, his wife, and his brother.

Happy Brokers boosts panel with bridging lender
Monday 8th March 2010
Master broker Happy Brokers has extended its panel with the addition of Lancashire Mortgage Corporation and bridging finance from Blemain Finance.  Although the master broker already provide

FEATURE: Firms still struggling to obtain traditional funding
Monday 8th March 2010
Steve Barber, managing director of Bridging Finance (NW) Ltd, discusses how the credit crunch has seen more businesses explore alternative methods of funding.   For the past

London property mogul charged with alleged £61m fraud
Thursday 4th March 2010
Mayfair based Greek tycoon Achilleas Kallakis, one of the major dealmakers in the realm of London property, has appeared alongside his colleague Alexander Williams in City

TV property tycoon blames HBOS for bankruptcy
Thursday 4th March 2010
The famous buy to let entrepreneur Grant Bovey has revealed that state-backed bank HBOS is partly to blame for his financial misfortunes, which will see him

Brilliant Solutions appoints bridging lender to panel
Thursday 4th March 2010
Brilliant Solutions, which is part of the financial services distributor Exclusive Connections Ltd, has extended its whole of market bridging panel with the appointment of Masthaven

Property Lawyers scoop industry award
Thursday 4th March 2010
It seemed to be a modern day David and Goliath tale as last week a little known law firm triumphed against a handful of big names

Commercial finance brokers introduce new service
Thursday 4th March 2010
The Commercial First Partnership (CFP) – a national group of commercial finance professionals formed in 2009 by Commercial First Mortgages – has announced the launch of

Bridging & Commercial launches free legal advice service for brokers
Wednesday 3rd March 2010
Bridging & Commercial has launched a free legal advice service on its site called Legal Eagle, which is designed to help you solve any legal queries

Essex mortgage fraudsters sentenced to 15 years in prison
Tuesday 2nd March 2010
A professional mortgage fraud ring has finally been busted and sent to jail after nearly a year-long investigation. The four fraudsters – brothers Imran and Nadeem Mirza,

ASTL: Number of bridging loans in Q4 highest in a year
Tuesday 2nd March 2010
The trade body for the bridging finance industry, the Association of Short Term Lenders (astl) has revealed that soundings from members indicate that whilst the number

Valuations climb 61% in February
Tuesday 2nd March 2010
The latest research by Connells Survey and Valulation has revealed that the number of valuations on residential housing grew 61% in February, compared to the previous

Bridging lender’s broker training seminars hailed a success
Tuesday 2nd March 2010
The short-term specialist lender Cheval has announced that its first broker training seminar of the year was a resounding success. The event - held last week at

World Cup hero sues businessman over property scam
Thursday 25th February 2010
It has been reported that England 1966 World Cup star, Sir Geoff Hurst, is suing a property entrepreneur after losing £600,000 in a Spanish property scheme.

Santander raises LTVs to 90% on new builds
Thursday 25th February 2010
Santander has announced good news for those looking to make it onto the property ladder this year, as it raises its LTVs for first time buyers

FSA slaps huge fine on boss of IFA network
Thursday 25th February 2010
The FSA has publicly censured national IFA network, Park Row Associates Limited, for failing to ensure its sales were suitable. The financial watchdog has also secured

Home of Choice partners with specialist lender
Thursday 25th February 2010
The mortgage network Home of Choice has teamed up with Manchester-based short term lender, Cheshire Mortgage Corporation, to offer the firm’s comprehensive range of regulated mortgage

Britain’s most infamous property developers lose millions as deal collapses
Tuesday 23rd February 2010
The well-known property developer brothers Nick and Christian Candy may count foreign royalty and famous celebrities amongst their friends, but their current predicament won’t win them

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