The following news articles have been published by NM Property Finance, you can also view a list of the current articles here. |
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| Published Date: 02/08/2010 |
Will be archived: 02/03/2011 |
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| Funding Update |
| Pre-Sale Exit Guarantees For Developers |
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| Published Date: 21/06/2010 |
Will be archived: 21/08/2010 |
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| Newsletter |
| Funding Update |
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| Published Date: 17/08/2010 |
Will be archived: 17/09/2010 |
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| Ex-Dragon puts property on market to make business |
| A former dragon who was booted off the Dragons’ Den five years ago when her company went into administration has made her business comeback, and is selling up to move closer to London. |
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| Published Date: 17/08/2010 |
Will be archived: 17/09/2010 |
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| Husband and wife team feared on the run after £1m |
| A property developer is wanted by Spanish police, after being suspected of taking almost £1 million worth of investors’ money. |
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| Published Date: 18/08/2010 |
Will be archived: 18/09/2010 |
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| Fraud alert for borrowers as loan scam hits indebt |
| Action Fraud, a service run by the National Fraud Authority, issued an alert last week, warning borrowers about a new type of fraud to have emerged recently. |
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| Published Date: 18/08/2010 |
Will be archived: 18/09/2010 |
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| No room for complacency despite revised repossessi |
| In the latest market forecast update from the Council of Mortgage Lenders (CML) predictions for arrears and repossession levels have been downwardly revised. |
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| Published Date: 23/08/2010 |
Will be archived: 23/03/2011 |
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| Funding Update |
| A foreign Bank launches a new division concentrating on providing senior debt for residential investment property/portfolios in London. |
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| Published Date: 23/08/2010 |
Will be archived: 23/08/2011 |
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| Residential Development Funding Agreed |
| Speculative residential development funding agreed with High Street lender at highly competitive rates. |
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| Published Date: 23/08/2010 |
Will be archived: 06/09/2010 |
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| UK’s worst bank for customer service revealed |
| A satisfaction survey by the consumer group Which? has revealed the UK’s best and worst-rated banks for customer service. |
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| Published Date: 25/08/2010 |
Will be archived: 06/09/2010 |
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| Cold calling claims handler liquidated with £24,00 |
| A claims management company that came under fire last year for sending out unsolicited text messages has now been liquidated with debts of £24,000. |
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| Published Date: 24/08/2010 |
Will be archived: 06/09/2010 |
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| Dragons’ Den inventor left devastated after invest |
| A single mother from Scunthorpe, whose invention left all five dragons speechless and eager to invest, has spoken out against her investors claiming their ‘investment’ was nothing more than a badly managed, expensive loan. |
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| Published Date: 01/09/2010 |
Will be archived: 15/09/2010 |
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| £20m fraud risk as Insolvency Service suffers £3m |
| Government cutbacks at the Insolvency Service could mean more company directors not being pursued over fraud and deception, according to a report on www.creditman.co.uk. |
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| Published Date: 31/08/2010 |
Will be archived: 15/09/2010 |
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| Fake Chelsea landlord jailed for 3 years |
| A conman tenant, who sold a luxury property in London’s Kensington and Chelsea area that he was renting by posing as the owner, has been jailed for three years. |
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| Published Date: 31/08/2010 |
Will be archived: 12/09/2010 |
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| Government condemned for failing to save legendary |
| The famous Woolpack pub featured in the soap Emmerdale is closing down, but it could have been saved by the Government had they not scrapped a plan for community ownership – according to the campaign for Real Ale (Camra). |
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| Published Date: 14/09/2010 |
Will be archived: 28/09/2010 |
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| Lloyds puts £100m worth of HBOS property up for sa |
| Over 700 luxury rental properties across the UK could be up for sale as Lloyds Banking Group disposes assets inherited from the Bank of Scotland. |
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| Published Date: 14/09/2010 |
Will be archived: 28/09/2010 |
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| Lender raises over £20m for UK real estate bridgin |
| A London short term lender has announced that over £20 million has been raised for its real estate bridging transactions. |
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| Published Date: 12/09/2010 |
Will be archived: 23/09/2010 |
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| Bankruptcy battle for businessman accused of huge |
| A businessman facing 171 fraud charges is coming up against a new fight, as a creditor is seeking to have him declared bankrupt. |
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| Published Date: 29/09/2010 |
Will be archived: 13/10/2010 |
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| OFT closing in on 129 debt management companies |
| The OFT has told 129 debt management firms that they face losing their consumer credit licences unless immediate action is taken to comply with its Debt Management Guidance. |
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| Published Date: 06/10/2010 |
Will be archived: 20/10/2010 |
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| Lloyds calls for major property group to be taken into administration |
| A Norwich-based property developer, brought bank from the brink of administration by four MPs recently, is facing fresh threats after Lloyd Banking Group filed papers to begin the administrative process. |
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| Published Date: 05/10/2010 |
Will be archived: 19/10/2010 |
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| Coastal cities have highest proportion of bankruptcies for two years running |
| The saying goes that life’s a beach, however a table of the top 50 bankruptcy hotspots in the UK has shown that the UK’s coastal towns and cities have the highest proportion of personal bankruptcies for the second year in a row. |
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| Published Date: 27/10/2010 |
Will be archived: 27/11/2010 |
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| Troubled subprime lender £2.8bn in debt prepares restructuring deal |
| In an Interim Management Statement released on Friday, the troubled subprime lender Cattles announced that it is getting ready to cut its losses in relation to its Welcome Financial Services division. |
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| Published Date: 26/10/2010 |
Will be archived: 26/11/2010 |
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| Questions raised over Tiuta’s new £300m funding line |
| Tiuta’s recent announcement of a new funding line has caused a stir following an analysis of the fund, and the firm’s decision to lend up to five years. |
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| Published Date: 26/10/2010 |
Will be archived: 26/11/2010 |
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| 'Lenders are pretending to offer development loans', claims expert |
| This week our residential Development Doctor and development finance expert, James Bloom of Regentsmead, hits out at lenders in the market ‘masquerading’ as development finance providers: |
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| Published Date: 19/10/2010 |
Will be archived: 19/11/2010 |
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| ASA bans controversial ad for short term loans company |
| A complaint made against a short-term loan company for sending out an unsolicited SMS advert has been upheld by the Advertising Standards Agency (ASA). |
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| Published Date: 03/11/2010 |
Will be archived: 03/12/2010 |
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| Lender launches first pension backed secured loan |
| A new secured lender has today launched a completely new type of secured loan, which allows borrowers to invest simultaneously in a pension fund returning 4% and, at the same time, obtain loans of up to £75,000 with a starting rate of 9.9%. |
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| Published Date: 04/11/2010 |
Will be archived: 04/12/2010 |
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| RBS blocks Gordon Ramsay from selling £3m home amid reported business debts |
| Celebrity chef Gordon Ramsay has hit headlines again, following revelations that his bank has prevented him putting his £3 million family home on the market. |
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| Published Date: 04/11/2010 |
Will be archived: 04/12/2010 |
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| Specialist packager rebrands in order to be ‘taken more seriously’ |
| A specialist packager has rebranded its company logo and website, marking a new dawn for the business as its position in the broker market continues to grow. |
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| Published Date: 03/11/2010 |
Will be archived: 03/05/2011 |
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| Funding Update - Mezzanine & Joint Venture Finance |
| With the levels of senior debt on offer by lenders in the market being at circa 50% of gross development value. |
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| Published Date: 11/11/2010 |
Will be archived: 11/12/2010 |
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| Capital allowances ‘a right not a privilege’: another service to offer |
| Every time a commercial property owner spends money buying or improving his property, there is a strong chance they can offset that expenditure against profits or general income for tax purposes – a little tapped resource offered by the Inland Revenue.
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| Published Date: 12/11/2010 |
Will be archived: 12/05/2011 |
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| FUNDING UPDATE - 100% Development Funding |
| Genuine 100% speculative residential development finance from an established investment fund looking for experienced JV partners with viable projects. |
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| Published Date: 10/11/2010 |
Will be archived: 10/12/2010 |
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| A View from the Rostrum by Property Auctioneer, Felix Rigg |
| Here we are in the middle of a recession and you’d expect me, a commercial property auctioneer, to be far too busy selling distressed stock to write this article. The fact is, though, that I’m not. |
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| Published Date: 09/11/2010 |
Will be archived: 09/12/2010 |
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| OFT takes action against ‘Tooth Fairy’ payday lender |
| The Office of Fair Trading (OFT) has taken action to address unsatisfactory business practices of payday lender, CIM Technologies Ltd, known as Tooth Fairy Finance. |
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| Published Date: 17/11/2010 |
Will be archived: 17/12/2010 |
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| £172m AMG Portfolio goes into administration |
| The ill-fated AMG Portfolio Loan, part of the Windermere VIII CMBS plc securitisation, which matured earlier this year has been taken into administration. |
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| Published Date: 17/11/2010 |
Will be archived: 17/12/2010 |
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| City bank completes £2m bridging loan on stately home |
| The bridging division of a London bank has announced that it has just completed a loan on an unusual property, a stately home. |
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| Published Date: 17/11/2010 |
Will be archived: 17/12/2010 |
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| New association for debt intermediaries reports positive launch at Expo |
| A new professional association has been created for brokers recommending debt solutions to their clients, the newly-formed Association of Professional Debt Solution Intermediaries made its first appearance at The Mortgage Business Exposition. |
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| Published Date: 17/11/2010 |
Will be archived: 17/12/2010 |
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| Bankrupt ocean rower faces 5 year ban for secured loan fraud and showing ‘cynical disregard’ |
| A Devon nightclub owner and champion ocean rower has been given a five-year Bankruptcy Restrictions Order after a court heard how he dishonestly tried to obtain a £200,000 secured loan whilst insolvent. |
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| Published Date: 01/12/2010 |
Will be archived: 01/01/2010 |
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| Bank bashing down to ‘vocal minority’ in the business community |
| Insolvency trade body, R3, has said that the anger towards banks in the media is being skewed by a ‘vocal minority’ within the business sector. |
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| Published Date: 30/11/2010 |
Will be archived: 30/12/2010 |
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| New commercial packager launches promising ‘best-in-class’ service |
| A new commercial packager has just launched, promising intermediaries a relationship founded on “quality products, excellent service levels and competitive rates of commission”. |
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| Published Date: 22/11/2010 |
Will be archived: 22/12/2010 |
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| Candy Brothers team up with brokerage to launch new bridging lender |
| In a surprise move, the famous – or should that be infamous? – multi-millionaire property developer brothers, Nick and Christian Candy, have linked up with the Mortgage Centre IFA brokerage to launch a short term lender. |
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| Published Date: 22/11/2010 |
Will be archived: 22/12/2010 |
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| Specialist lenders grab awards at the NACFB Gala Dinner |
| Following a fantastic night of cabaret, stand up comedy, rock ‘n’ roll and free flowing wine, there were some rather worse for wear heads in the commercial finance world last Friday morning. |
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| Published Date: 07/01/2011 |
Will be archived: 07/02/2011 |
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| Debt warning over Facebook 'pay later' option |
| Rumours that social network site Facebook is to offer a ‘pay later’ option for buying virtual goods online has prompted a warning from debt experts, who have said that users could end up falling into a debt spiral. |
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| Published Date: 04/01/2011 |
Will be archived: 04/02/2011 |
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| Four in 10 Britons struggling to make it to payday |
| Almost four in ten people (38%) say they struggle financially to make it to ‘payday’, according to R3, the insolvency trade body’s, quarterly tracking research on the nation’s personal finances. This equates to over 18 million individuals across the UK. |
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| Published Date: 06/01/2011 |
Will be archived: 06/02/2011 |
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| Property millionaires soar in London but dwindle in Wales |
| The number of property millionaires in Britain increased by 6 percent during 2010, according to research by property website Zoopla.co.uk. |
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| Published Date: 13/01/2011 |
Will be archived: 13/02/2011 |
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| Squatters – London’s new million pound property barons |
| Following recent press coverage of a group of squatters living at a £10 million ten bedroom mansion in Highgate – one of the most exclusive areas in the capital – Bridging and Commercial decided it was time to investigate the realities of squatting. |
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| Published Date: 13/01/2011 |
Will be archived: 13/01/2012 |
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| Funding Update |
| When The Door To Traditional Funding Is Closed Bridging Finance Offers The Key
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| Published Date: 17/02/2011 |
Will be archived: 17/03/2011 |
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| Troubled bridging lender sells rotting prison site to re-coup losses |
| A Scottish bridging company is selling the site of a former remand centre in a last ditch attempt to raise finances. |
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| Published Date: 15/02/2011 |
Will be archived: 15/03/2011 |
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| Estate agent admits to 63 counts of fraud |
| A 55-year-old Coventry businessman who stole tenants’ rent payments has been jailed for 12 months. |
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| Published Date: 15/02/2011 |
Will be archived: 15/03/2011 |
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| Two London landmarks set to fetch £590M |
| Two key London buildings have become available on the market, with a combined value of over £590 million. |
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| Published Date: 27/01/2011 |
Will be archived: 27/02/2011 |
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| Six solicitors charged for role in £50M mortgage fraud |
| Six solicitors have been charged in relation to an alleged fraud that is set to be the UK’s largest ever mortgage scam. |
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| Published Date: 11/03/2011 |
Will be archived: 11/03/2012 |
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| Funding Update |
| 100% Speculative Residential Development Funding Available |
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| Published Date: 01/07/2011 |
Will be archived: 01/01/2012 |
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| Funding Update - Short Term Finance |
| With traditional bank funding still not available for so many clients, short term finance is a great alternative.
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