Posted: September 15, 2021
Case StudyBroker: The Property Finance CollectiveClient: Almond Penstar Ltd Project: Purchase and Refurb – 4 x 3 Bedroom MaisonettesPurchase price: £285,000Est Valuation after refurb: £500,000Gross loan: £375,000Location: Yaxley Issue Michael Primrose from The Property Finance Collective came to us with an application from their client Almond Penstar Ltd. Almond Penstar were looking to purchase 4 x 3 […]
Posted: June 29, 2021
Successful Case Study Company: Dragen Homes Ltd Project: Covert detached house into six bed HMO. (House of Multiple Occupancy) Location: Sutton-in-Ashfield We were approached by Dragen Homes Ltd a property developer who had recently been declined last minute by their previous bridging lender. With the deadline being tight we wanted to help the client expedite […]
Posted: June 28, 2021
Introducing Ascot Bridging Finance Following the recent announcements from us at the Financial Intermediary and Broker Association, it does seem that as we grow, we are attracting more Lenders who want to take the opportunity to engage with you as a member of FIBA. However, we do like to choose who joins us and […]
Posted: July 10, 2020
Family-run lender Ascot Bridging Finance has exclusively revealed to B&C that it has secured a mix of wholesale and private funding which has enabled the business to increase its lending capacity two-fold. The new funding means that the Cheshire-based bridging lender — which launched in 2017 and has just completed “phase one” of its business […]
Posted: October 29, 2018
Ascot Bridging Finance has worked with one of their partners, Pilot Fish, to deliver an £800,000 development loan facility for a client within 2 weeks of application. The client, an experienced property developer with a proven record of large-scale development projects, had exchanged on a property subject to planning. The property was an old school […]
Posted: September 30, 2018
Although many small to medium-sized businesses turn to high street banks for finance, many are using alternative finance.
Posted: September 28, 2018
The majority of property auctions are currently held in rooms with some online auctions available. According to Neil Singer, chief executive of Clicktopurchase, in the future, there will be no physical auction rooms.
Posted: September 26, 2018
Research by Market Financial Solution found that 48% of homeworkers did not purchase their home with a mortgage.
Posted: September 24, 2018
Bridging loans are short term loans, usually less than a year.
Posted: September 22, 2018
Knowledge Bank is a resource for brokers to find out which lenders will accept a client’s borrowing requirements.
