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The property’s condition rendered it unsuitable for a conventional BTL mortgage
Twenty7tec data shows remortgaging gaining momentum as purchase activity slows
Loans above £1m represented less than 9% of cases but 43% of total lending value
Strong collaboration secured funding against a Dunoon commercial property in nine days
Enhanced funding capacity supports growth plans and rising demand
The lender expects commercial activity to pick up as applications progress into completions
The lender is also bringing in short-form or automated valuations for some cases
The project needed extra time to complete after illness in the development team
The assistant will gather, check and chase evidence to create a fully packaged case for brokers
Latest update adds fresh pressure amid FCA scrutiny and accusations of double pledging
Lender strengthens broker support as bridging volumes surpass £500m
Several more strategic hires are also in the pipeline for the lender
The 12-month loan combines auction finance and refurbishment funding
The lender is investing in service and expertise
Former OSB Group BDM joins Somo to support regional growth
A new senior debt facility will support the hotel group's next growth phase
Industry veteran hires signal Paragon’s diversification into the bridging finance market
The complex deal involved a probate asset with unregistered land
The deal moved from application to completion within 11 working days
He brings 37 years of experience from the banking sector